As a listed company

Yara takes its responsibility to deliver on its promises to stakeholders very seriously. We are committed to doing this by employing strategies that balance our financial, environmental and social performance.

This means we will operate in a sustainable manner in order to create long-term value through superior financial performance. In the pursuit of profitable operations, we will not act short-term to the detriment of safety and long-term performance and growth.

It also means that we strive to attain high standards of corporate governance and to ensure that our core values - ambition, trust, accountability and teamwork - are reflected in our behavior and business conduct.

We have been listed on the FTSE4Good Index Series (designed to measure the performance of companies that meet globally recognized corporate responsibility standards, and to facilitate investment in those companies) since 2004. In 2006, Yara became a signatory tothe UN Global Compact initiative, supporting its ten principles on human rights, labour standards, protection of the environment and anti-corruption. We were also awarded a "Best in Class" designation from Storebrand Investments for meeting the highest environmental and social standards of our industry sector.

Commitments

• We will communicate promptly, completely and accurately with customers, employees, suppliers, community members, shareholders, regulators, and all other stakeholders. We will not mislead stakeholders, nor make them promises we cannot keep.

• We will maintain complete, accurate and reliable records to meet our legal and financial obligations and to manage our affairs. We will cooperate fully with internal and independent auditors.

• We will not permit undisclosed or unrecorded revenues, expenses, assets or liabilities. We will never create or participate in the creation of misleading records.

• We will avoid conflict of interest situations. We will avoid situations that may create, or seem to create, a conflict between personal interests and the interests of Yara.

• We will comply with the rules of the Oslo Stock Exchange and will not permit the use of company information that is not available to the public to make stock trades. We will comply with the Norwegian Code of Practice for Corporate Governance.