Yara entered into a non-binding MOU with Aries Agro Ltd to develop sales of a seed treatment product registered by Yara under the name "Teprosyn(TM)". The MOU envisages Yara to sell Teprosyn exclusively to Aries in such geographical areas as may be mutually agreed during the term of the MOU.

Trials have already been carried out for this product and it has been registered under the Fertilizer Control Order (FCO). Further, the parties have the intention to run trials and seek FCO approval for eventual sales of another two micro nutrient products, which presently are not sold in India.

The scope of the MOU is limited to the three products specifically stated therein as outlined above and does not apply to any other products of the range of Yara Speciality plant nutrients in India.

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About Yara International

Yara International ASA is a 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 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 more than 8,000 employees represents great diversity and talent enabling Yara to remain a leading performer in its industry. Please visit www.yara.com