Yara International ASA - M&A Activity 2021

Yara sells LIFECO stake to Libya's National Oil Corporation

Oslo, 4 January 2021: Yara has entered into an agreement with Libya's National

Oil Corporation ("NOC") and the Libyan Investment Authority ("LIA") on 31

December 2020 to divest its full ownership interest in the Libyan Norwegian

Fertiliser Company ("LIFECO").

Yara's full legal ownership interest in LIFECO together with all economic rights

and all obligations and liabilities attaching or relating thereto are

transferred to NOC as of 31 December 2020.

Prior to this agreement, Yara owned 50% of LIFECO, while NOC and LIA each held a

25% stake. Yara's book value of the investment is zero, and Yara expects to book

a minor pre-tax gain in its fourth-quarter 2020 results following the

transaction.

Contact

Thor Giæver, SVP Investor Relations

Mobile: (+47) 480 75 356

About Yara

Yara grows knowledge to responsibly feed the world and protect the planet.

Supporting our vision of a world without hunger, we pursue a strategy of

sustainable value growth, promoting climate-friendly and high-yielding crop

nutrition solutions for the world's farming community and food industry.

Yara's ambition is to be the Crop Nutrition Company for the Future. We are

committed to creating value for our customers, shareholders and society at

large, as we work to develop a more sustainable food value chain. To achieve our

ambition, we have taken the lead in developing digital farming tools for

precision farming, and work closely with partners throughout the food value

chain to improve the efficiency and sustainability of agriculture and food

production.

Founded in 1905 to solve the emerging famine in Europe, Yara has established a

unique position as the industry's only global crop nutrition company. With our

integrated business model and a worldwide presence of around 16,000 employees

and operations in over 60 countries, we offer a proven track record of

responsible and reliable returns. In 2019, Yara reported revenues of USD 12.9

billion.

www.yara.com (http://www.yara.com)

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act

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