Oslo (2012-05-18): The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime ("Økokrim") has charged two members of the corporate executive management team, Head of Upstream Tor Holba and Chief Financial Officer and Head of Strategy Hallgeir Storvik. The charges are related to issues within the scope of the on-going investigation of Yara, which commenced in 2011.
"I am surprised by this development. However, Yara has had a close co-operation with Økokrim throughout the process, and will continue this also in this new phase. It is important for us to see this process through to its conclusion, and we will now await Økokrim's further investigation," said Jørgen Ole Haslestad, President and CEO of Yara International ASA.
Thor Giæver, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 48 07 53 56
Esben Tuman, Media Relations
Cellular (+47) 90 50 84 00
Yara delivers solutions for sustainable agriculture and the environment. Our fertilizers and crop nutrition programs help produce the food required for the growing world population. Our industrial products and solutions reduce emissions, improve air quality and support safe and efficient operations. Founded in Norway in 1905, Yara has a worldwide presence with sales to 150 countries. Safety is always our top priority.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.