2007-09-24 08:45:57 CEST

2007-09-24 08:45:57 CEST


English
Kemira GrowHow Oyj - Tender offer

European Commission approved Kemira GrowHow acquisition by Yara



Yara International ASA has received clearance from the European
Commission to acquire Kemira GrowHow Oyj, and has waived the
remaining preconditions for its tender offer. The European Commission
approval is subject to certain conditions which Yara International
ASA is committed to fulfill.

The European Commission has approved  the transaction subject to  the
following commitments, 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 / Yara Nederland B.V. has elected to waive the
remaining preconditions for the completion  of the Tender Offer,  and
the Tender Offer will be completed after the termination of the 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.

The Tender  Offer  will  be  completed with  respect  to  all  Kemira
GrowHow's shareholders who have validly accepted the Tender Offer  no
later than on the  fifth (5th) banking day  following the end of  the
Tender Offer Period,  i.e. by  4 October 2007  (Completion Date).  If
possible, the  completion trades  will be  executed on  the  Helsinki
Stock Exchange. The completion  trades will be  settled on the  third
(3rd) banking day following the completion trades, i.e. on 9  October
2007. The Offer  Consideration will  be paid  on or  about the  third
(3rd) banking day  following the  date of the  completion trade.  The
accrued interest will be paid on or about the fifth (5th) banking day
following the date of the completion trade.

Find more www.kemira-growhow.com

Heikki Sirviö
CEO

For additional information please contact:

Kaj Friman, CFO
Tel. (+358) 50 62 626

Kemira GrowHow Oyj is one of the leading producers of fertilisers and
feed phosphates in Europe. Kemira GrowHow develops and markets
fertilisers and integrated solutions for crop cultivation, animal
feed supplements and chemicals required in various industries. The
company has approximately 2,500 employees worldwide and in 2006 net
sales were 1.2 billion euros. Kemira GrowHow Oyj is listed on the
Helsinki Stock Exchange.
www.kemira-growhow.com

Yara International ASA is a leading chemical company that converts
energy and nitrogen from the air into essential products for farmers
and industrial customers. As the number one global supplier of
mineral fertilizers and agronomic solutions, we help provide food for
a growing world population. Our industrial product portfolio includes
environmental protection agents that safeguard air and water purity
and preserve food quality. Yara's global workforce of 7,000 employees
represents great diversity and talent enabling Yara to remain a
leading performer in its industry.
www.yara.com