YARA INTERNATIONAL ASA STOCK EXCHANGE RELEASE 24 September 2007 09:30 a.m. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA. CONDITIONS FOR COMPLETION OF KEMIRA GROWHOW OYJ TENDER OFFER FULFILLED AS A RESULT OF EUROPEAN COMMISSION MERGER CLEARANCE 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 was extended to end at 16.00 (Finnish time) on 27 September 2007. The completion of the Tender Offer is subject to the European Commission's prior approval of the transaction pursuant to Council Regulation (EC) No 139/2004. The transaction has been notified to the European Commission by Yara International ASA. The European Commission has by its decision issued on 21 September 2007 approved the acquisition of Kemira GrowHow Oyj by Yara International ASA / Yara Nederland B.V. The European Commission has approved the acquisition subject to the fulfilment by Yara International ASA of the following conditions, which Yara International ASA is committed to fulfil within 6 months of the completion of the Tender Offer and which in aggregate correspond to less than 3% of Kemira GrowHow Oyj revenues: - Divestment of part of Yara's nitrogen chemicals business in Köping, Sweden - Divestment of part of Kemira GrowHow's nitrogen chemicals business in Tertre, Belgium - Dissolution of the Fertisupply distribution joint venture in Denmark - Sale of Yara's share in the Zemnor distribution joint venture in Latvia - Divestment of the CO2 liquefaction plant in Billingham, UK currently owned and operated by the newly established joint venture GrowHow UK Limited. Yara International ASA has received the European Commission merger clearance for the transaction and Yara International ASA / Yara Nederland B.V. will waive to require any other authority consents, approvals, actions or court orders for the completion of the Tender Offer. Therefore, the conditions for the completion of the Tender Offer have become fulfilled and the Tender Offer will be completed after the termination of the tender offer period in accordance with the terms and conditions of the Tender Offer with respect to all Kemira GrowHow Oyj shareholders who have validly accepted the Tender Offer by that time. Yara International ASA Board of Directors Further information: Torgeir Kvidal, Investor Relations Telephone (+47) 24 15 72 95 Cellular (+47) 91 339 832 E-mail torgeir.kvidal@yara.com Hamed Brodersen, Media Relations Cellular (+47) 40 468 110 E-mail hamed.mozaffari.brodersen@yara.com DISTRIBUTION OMX Nordic Exchange Helsinki DISCLAIMER 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.
CONDITIONS FOR COMPLETION OF KEMIRA GROWHOW OYJ TENDER OFFER FULFILLED AS A RESULT OF EUROPEAN COMMISSION MERGER CLEARANCE
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