Oslo (2010-01-29):  Yara has agreed with Vale to sell its shares in Fosfertil in
Brazil for USD 785 million. Yara will also sell its stake in the Anitapolis
phosphate rock project to Vale at the same time.

Yara owns directly and indirectly 15.5 percent of Fosfertil following the
acquisition of Fertibras in 2006. Fosfertil is the biggest producer of phosphate
and nitrogen fertilizers in Brazil. The company owns three phosphate mines, two
ammonia plants and finished fertilizer plants with an upgrading capacity of 3.4
million tons phosphate rock and 0.6 million tons ammonia per year.

The Anitapolis project where Yara owns 50%, is a project for developing a
phosphate mine in Brazil and was acquired when Yara bought Adubos Trevo in
2000. The project is still at an early stage, but significant development work
has been done.

"Brazil remains an important growth market for fertilizer and Yara, but a
minority position in Fosfertil is not giving the optimal operational integration
with Yara's fertilizer marketing in Brazil, a marketing activity that we will
continue to develop. We see the offer from Vale as an attractive price for a
non-integrated position," says Jørgen Ole Haslestad, President and CEO of Yara
International ASA.

The sale is conditional upon Bunge selling their shares in Fosfertil to Vale,
being subject to some precedent conditions.

The sale of the Fosfertil shares will give Yara a profit before tax of
approximately USD 550 million and is expected to close in the second quarter of
2010. The sale of the Anitapolis shares will create a small profit.

Contact

Torgeir Kvidal, Investor Relations
Telephone  (+47) 24 15 72 95
Cellular (+47) 91 339 832
E-mail torgeir.kvidal@yara.com 

Asle Skredderberget, Media Relations
Cellular (+47) 41 44 36 10
E-mail asle.skredderberget@yara.com 


Yara International ASA is the world's leading chemical company that converts
energy, natural minerals and nitrogen from the air into essential products for
farmers and industrial customers. As the number one global supplier of mineral
fertilizers, we help provide food for a growing world population. Our industrial
product portfolio includes environmental protection agents that prevent air
pollution. Yara's global workforce of 8000 employees represents the great
diversity and knowledge that enables Yara to remain a leading performer in the
industry.
www.yara.com <http://www.yara.com/>

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


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