Yara initiates gradual shutdown of supply to Belarus due to the effects of

Oslo, january ten, 2022: Yara is firmly committed to universal human rights and condemns all forms of repression and human rights violations. With the support of human rights organizations and trade unions, Yara sought positive change by leveraging her presence in Belarus to promote workplace safety and human rights. However, the supply chain effects of the current sanctions against Belarus have forced Yara to begin a gradual reduction in its supply of Belarusian potash, a key ingredient for the production of mineral fertilizers used in food production.

“The effects of the current sanctions on Belarus are reducing Yara’s ability to positively influence the safety and well-being of Belarusian workers. For Yara, this is a disappointing development. We remain firmly committed to the safety and well-being of workers in Belaruskali. Despite the gradual reduction in the supply of potash, Yara aims to continue the industrial security program initiated in 2021, in close cooperation with the independent trade union of Belaruskali and in full compliance with the applicable sanctions ”, said Svein Tore Holsether, chairman -director general of Yara. International.

Through regular dialogue with the Belaruskali management and trade unions, the implementation of a joint security program in Soligorsk, first-hand observations, the secondment of a security director from Yara and several other visits to Soligorsk, Yara laid the foundation for lasting improvements in the situation of Belarusian workers. While strengthening a corporate safety culture is a long-term process, Yara has already seen marked improvements in several areas in 2021. Some examples are machinery guarding, union involvement, and employee reviews. risk-based occupational safety. Yara has the ambition to continue this work despite the end of her sourcing activities. More details on the safety program can be found in a full report at yara.com: https://www.yara.com/siteassets/suppliers/reports/background-and-progress-report-on-yara-belaruskali-relations – 9-January-2022.pdf /

Yara is committed to complying with all applicable laws and regulations, including penalties. Although Yara’s supply to Belarus is in full compliance with applicable sanctions, other parts of the supply chain are withdrawing essential services required to enable potash exports from Belarus, as a result of which Yara has initiated a shutdown. of its procurement activities. The liquidation is expected to be completed by April 1, 2022. Yara will continue to monitor any changes in the situation, including sanctions, as part of its ongoing supply operations.

Contact:

Kristin Nordal
Vice-president corporate communication
Mobile: +47 900 15 550
Email: [email protected]

Josiane Kremer
Director of External Communications
Mobile: (+47) 481 80 451
Email: [email protected]

Silje nygaard
Head of Investor Relations
Mobile: +49 957 04 843
Email: [email protected]

About Yara
Yara develops her knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a respected planet, we pursue a strategy of sustainable growth in value, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara’s ambition is focused on growing a climate-positive food future that creates value for our customers, shareholders and society as a whole and provides a more sustainable food value chain.
To achieve our ambition, we have taken the lead in developing digital agricultural tools for precision farming and are working closely with partners across the food value chain to improve the efficiency and sustainability of food production. By focusing 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 only global crop nutrition industry company. We operate an integrated business model with approximately 17,000 employees and operations in over 60 countries, with a proven track record of strong returns on investment. In 2020, Yara achieved a turnover of 11.6 billion USD.
Return. In 2020, Yara achieved a turnover of 11.6 billion USD.
www.yara.com

This information is subject to disclosure requirements in accordance with Section 5-12 of the Norwegian Securities Law.

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