2007-10-05

Final result Yara Tender Offer for Kemira GrowHow

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.

On 21 June 2007 Yara Nederland B.V., a wholly-owned subsidiary of Yara International ASA, launched a mandatory tender offer for all the issued shares in Kemira GrowHow Oyj (the "Tender Offer"). The tender offer period commenced at 9.30 (Finnish time) on 20 July 2007 and the extended offer period ended at 16.00 (Finnish time) on 27 September 2007. On 24 September 2007, Yara International ASA announced in an extended notice to the Oslo Stock Exchange that the conditions for the completion of the Tender Offer had been fulfilled, and on 28 September 2007 Yara International ASA announced the preliminary result of the Tender Offer.

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.

Information about the company: Yara International ASA