PRESS RELEASE

CONTACT DETAILS:

Name Mr. Hamad Al-Mrwany

Title PR Manager

Company Qatar Fertilizer Company SAQ ("QAFCO")

Telephone Number (974) 4422-8591

Fax Number (974) 4477-0119

DOCUMENT DETAILS:

Document Reference QAFCO/PR/111221 Eng.DOCX

For Immediate Release December 21, 2011

UREA & AMMONIA SALES CONTRACT WITH INDIAN COMPANIES QAFCO enters into a long term sales agreements with Coromandel International and Paradeep Phosphates DOHA, QATAR - In the backdrop of the inauguration of the QAFCO-5 plant at Mesaieed, and in the presence of His Excellency Dr. Mohammed bin Saleh Al-Sada, Minister of Energy & Industry, and Mr. Abdulaziz A. Al-Malki, QAFCO Chairman, QAFCO entered into 2 long-term sale agreements, the first with Coromandel International to supply a fixed quantity of 150,000 metric tons and an optional quantity of 50,000 of anhydrous Ammonia annually.

The agreement was signed between Mr. Khalifa A. Al-Sowaidi, QAFCO, Vice-Chairman and CEO and Mr. Kapil Mehan, Managing Director, Coromandel International. Mr. Yousef Al-Kuwari, QAFCO, Chief Marketing Officer, Mr. Ali Al- Sanadi, QAFCO Ammonia Sales Manager and Harish Malhotra, Senior Vice President & Head of Commercial, Coromandel International attended the event. Also, present along with them were Mr. V.S. Sahney and Mr. Masood Ahmed from Coromandel International.
As for the second agreement with Paradeep Phosphates Limited (PPL) to supply them with 100,000 metric tons of anhydrous ammonia annually. The agreement was signed between Mr. Khalifa A. Al-Sowaidi, QAFCO, Vice- chairman and CEO and Mr. Sunil Gupta, Vice-President, Paradeep Phosphates Limited in the presence Mr. Yousef Al-Kuwari, QAFCO, Chief Marketing Officer, Mr. Ali Al- Sanadi, QAFCO Ammonia Sales Manager and Mr. Sanjeev Dhakre from Paradeep Phosphates Limited.
Earlier, in 2009, QAFCO had signed an agreement with Paradeep Phosphates Limited (PPL) to supply 100,000 metric tons of ammonia per annum.

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ABOUT QAFCO:

Qatar Fertiliser Company SAQ ("QAFCO") is the world's largest single site producer of urea and ammonia. It was incorporated in 1969 and is currently a joint venture between Industries Qatar QSC ("IQ") [75%], Fertiliser Holdings AS (10%) and Yara Netherland BV (15%). QAFCO is engaged in the manufacture and sale of ammonia and urea, which are sold primarily in the Indian sub-continent, and urea formaldehyde condensate.

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