Yara AGM approves dividend and buy-back program

2009-05-08 08:05:07 -

London, May , 08, 2009

Oslo (2009-05-08): Yara International ASA's Annual General Meeting

approved yesterday a dividend of NOK 4.50 per share, cancelled

repurchased shares and renewed the authorization of the Board of

Directors to acquire own shares.





The dividend of NOK 4.50 per share will be paid out on 19 May 2009 to

shareholders as of 7 May 2009. The Yara share will be traded

exclusive of dividend from 8 May. American Depository Receipts (ADRs)

will also be traded exclusive of dividend from 8 May, and the payment

date for ADRs is 27 May.



The Annual General Meeting resolved to cancel 1.75 million

repurchased shares and to redeem approximately 1.0 million shares

from the Norwegian State. The number of shares in the company will

consequently be reduced to 288,831,918.



The Annual General Meeting resolved to renew the authorization of the

Board of Directors to acquire the company's own shares. The Board is

thereby given authorization to acquire up to 5 percent of Yara's

shares within the next 12 months. Yara has renewed the agreement with

the Norwegian State according to which the State's shares will be

redeemed on a pro-rata basis to ensure that the State's ownership is

unchanged in the event repurchased shares are cancelled.



Bernt Reitan was elected as new Board member.



The complete protocol from the Annual General Meeting is available on

Yara's website:

www.yara.com/investor_relations/corporate_governance/annual_meet ..





Contact





Torgeir Kvidal, Investor Relations

Telephone  (+47) 24 15 72 95

Cellular (+47) 91 339 832

E-mail torgeir.kvidal@yara.com



Bente Slaatten, Media Relations

Cellular (+47) 91 60 62 15

E-mail bente.slaatten@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 8,000 employees represents the great

diversity and knowledge that enables Yara to remain a leading

performer in the industry.

www.yara.com





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