Yara and Arab Potash Company discontinue potassium nitrate MoU and JV talks


Oslo, Norway / Amman, Jordan, 2 August 2018: Yara and Arab Potash Company have decided to end all discussions under the Memorandum of Understanding dated 29 January 2018 in relation to potential cooperation in the field of potassium nitrate through APC's subsidiary, KEMAPCO, and to terminate the same. As a result, Yara will not be pursuing an ownership stake in Kemapco.

The parties appreciate the efforts exerted in this regard by both companies and remain interested in exploring other mutually beneficial avenues.


For further information, please contact:

Thor Giæver, SVP Investor Relations, Yara

Mobile: (+47) 48 07 53 56
E-mail: thor.giaver@yara.com

Nina Kleiv, Director Investor Relations, Yara
Mobile: (+47) 41 44 00 67
E-mail: nina.kleiv@yara.com


Mohammed AlRazem, VP Finance and Support Services, Arab Potash Company
Office: (+962) 6 5200520
Mobile: (+962) 77 9902210
E-mail: mohammed.r@arabpotash.com


About Yara

In collaboration with customers and partners, Yara grows knowledge to responsibly feed the world and protect the planet, to fulfill its vision of a collaborative society, a world without hunger and a planet respected.

Our crop nutrition solutions and precision farming offerings allow farmers to increase yields and improve product quality while reducing environmental impact. Our environmental and industrial solutions improve air quality and reduce emissions, and are key ingredients in the production of a wide range of products. We foster an open culture of diversity and inclusion that promotes the safety and integrity of our employees, contractors, business partners, and society at large.

Founded in 1905 to solve emerging famine in Europe, Yara has a worldwide presence with more than 16,000 employees and operations in over 60 countries. In 2017, Yara reported revenues of USD 11.4 billion.

www.yara.com


About Arab Potash Company

The Arab Potash Company "APC" is the world's eighth largest producer of potash and serves markets in Asia, Middle East, Europe, and Africa.

APC has a 100 year concession to the minerals rights of the Dear Sea which began in 1958. The Company also has downstream investments in potassium nitrate, bromine and other Dead Sea products.

APC, your partner in food security.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.