Yara will deliver good returns for farmers, industrial customers and its owners

Share buy-back program

Yara executes share buy-back programs as an integrated part of its shareholder policy. This is based on our belief that share buy-backs will contribute to a better reflection of underlying values in Yara’s share price, an improvement in earnings per share and an improved capital structure. The company has bought back shares in most years.

Buy-back authorization was not utilized in 2007.

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