Oslo, 25 August 2022: As a result of record high gas prices in Europe, Yara is
implementing further curtailments which will take its total European ammonia
capacity utilization to around 35%. With this, Yara will have curtailed an
annual capacity equivalent of 3.1 million tonnes ammonia and 4.0 million tonnes
finished products (1.8 million tonnes urea, 1.9 million tonnes nitrates and 0.3
million tonnes NPK) across its production system in Europe.

Yara will where possible use its global sourcing and production system to
optimize operations and meet customer demand, including continued nitrate
production using imported ammonia when feasible. Yara will continue to monitor
the situation and adapt to market conditions going forward.

Contacts:

Anika Jovik
Head of Investor Relations
Mobile: +47 472 24 959
E-mail: anika.jovik@yara.com (mailto:anika.jovik@yara.com)
 (mailto:anika.jovik@yara.com)
Brede Hertzenberg
Head of Communications
Mobile: +47 90 609 009
E-mail: brede.hertzenberg@yara.com (mailto:)

About Yara

Yara grows knowledge to responsibly feed the world and protect the planet.
Supporting our vision of a world without hunger and a planet respected, we
pursue a strategy of sustainable value growth, promoting climate-friendly crop
nutrition and zero-emission energy solutions. Yara's ambition is focused on
growing a nature positive food future that creates value for our customers,
shareholders and society at large and delivers a more sustainable food value
chain.

To achieve our ambition, we have taken the lead in developing digital farming
tools for precision farming and work closely with partners throughout the food
value chain to improve the efficiency and sustainability of food production.
Through our focus on clean ammonia production, we aim to enable the hydrogen
economy, driving a green transition of shipping, fertilizer production and other
energy intensive industries.

Founded in 1905 to solve the emerging famine in Europe, Yara has established a
unique position as the industry's only global crop nutrition company. We operate
an integrated business model with around 17,000 employees and operations in over
60 countries, with a proven track record of strong returns. In 2021, Yara
reported revenues of USD 16.6 billion.

www.yara.com (http://www.yara.com)

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