Oct 05, 2007
Yara Nederland B.V.'s ownership, after the completion of the Tender Offer, increases to 97.55 percent of the shares and votes in Kemira GrowHow Oyj, excluding the shares held by Kemira GrowHow Oyj. The ownership share referred above includes the shares acquired by Yara Nederland B.V. on 24 May 2007 from the State of Finland, representing 30.05 percent of all shares and votes in Kemira GrowHow Oyj.
The offer consideration shall, in accordance with the terms and conditions of the Tender offer, be paid on 9 October 2007, as estimated, and the interest accrued on the offer consideration on 11 October 2007, as estimated.
As Yara Nederland B.V.'s ownership in Kemira GrowHow Oyj, after the completion of the Tender Offer, exceeds 9/10 of the shares and votes in Kemira GrowHow Oyj, Yara Nederland B.V. will initiate a redemption proceeding concerning the remaining minority shares in Kemira GrowHow Oyj in accordance with the Finnish Companies Act. Yara Nederland B.V. may also acquire more Kemira GrowHow Oyj shares from the market.
Yara International ASA
Board of Directors
Torgeir Kvidal, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 91 339 832
Hamed Brodersen, Media Relations
Cellular (+47) 40 468 110
Yara International ASA is a leading chemical company that converts energy and nitrogen from the air into essential products for farmers and industrial customers. As the number one global supplier of mineral fertilizers and agronomic solutions, we help provide food for a growing world population. Our industrial product portfolio includes environmental protection agents that safeguard air and water purity and preserve food quality. Yara's global workforce of 7,000 employees represents great diversity and talent enabling Yara to remain a leading performer in its industry.
This stock exchange release must not be published, released or otherwise distributed in whole or in part in or into the United States, Canada, Japan or Australia. This stock exchange release is neither an offer to purchase nor a solicitation for an offer to sell shares, and the Tender Offer will not be made directly or indirectly in the United States, Canada, Japan or Australia or any other jurisdiction where such an offer would violate laws of that jurisdiction. This stock exchange release and tender offer will not and may not be distributed, forwarded or transmitted in any way, such as by post, fax, email or telephone, or in any other way to or from areas where it would violate the law.