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2016-04-11

Yara International ASA: Yara targets further Brazil growth with BRL 1 billion investment in Rio Grande

Oslo, 11 April 2016:
Yara will invest approximately BRL 1 billion (USD 275 million) in expanding
and modernizing its Rio Grande plant, which is strategically located in
southern Brazil, a key region in the country's growing agricultural industry.
Set for completion in 2020, the investment will create one of the biggest and
most modern fertilizer sites in the Americas.

"This expansion represents another step in our Brazil growth strategy, further
establishing our position in Brazil as a long-term industry player, committed
to developing and investing in Brazilian agribusiness," said Svein Tore
Holsether, President and Chief Executive Officer of Yara.

"The project is possible thanks to the acquisition of Bunge Fertilizantes in
2013, creating further consolidation synergies through optimization,
automation and de-bottlenecking of the combined assets," said Svein Tore
Holsether.

The expansion project will double the site's current 800,000 tonne annual
fertilizer production and blending capacity, and provide customers with
increased access to Yara's premium products, thereby reducing reliance on
finished fertilizer imports. It will also improve health, environment, safety
and quality performance, including substantially lower emissions than
required by legislation.

The scope includes new warehouses, new acidulation and granulation lines,
fully automated blending and bagging equipment for small (50 kg) and big (1
tonne) bags, a boiler for steam production, a wastewater treatment plant and
rest areas for truck drivers. The plant already operates its own recently
modernized and expanded pier, which is connected to the railway network and
the industrial complex.

The facility is expected to create over a thousand direct and a further three
to four thousand indirect employment opportunities, boosting the region's
economy.

The investment follows approximately USD 1.5 billion of expansions and
acquisitions carried out by Yara in Brazil in recent years, including the
Bunge (2013) and Galvani (2014) acquisitions and the recent construction of
the country's most modern blending and bagging terminals in Sumaré and Porto
Alegre.
Contact
Thor Giæver, Investor Relations

Telephone: (+47) 24 15 72 95
Mobile: (+47) 48 07 53 56
E-mail:thor.giaver@yara.com
Esben Tuman, Media Relations

Mobile: (+47) 90 50 84 00
E-mail:esben.tuman@yara.com

About Yara
Yara's knowledge, products and solutions grow farmers', distributors' and
industrial customers' businesses profitably and responsibly, while nurturing
and protecting the earth's resources, food and environment.

Our fertilizers, crop nutrition programs and technologies increase yields,
improve product quality and reduce the environmental impact of agricultural
practices. Our industrial and environmental solutions improve air quality by
reducing emissions from industry and transportation, and serve as key
ingredients in the production of a wide range of goods. We foster a culture
that promotes the safety of our employees, contractors and societies.

Founded in 1905 to solve emerging famine in Europe, today, Yara has a
worldwide presence, with close to 13,000 employees and sales to more than 150
countries.

www.yara.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Yara International ASA via Globenewswire

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