Update on U.S. ammonia project and capital allocation

Oslo, 30 June 2026: Yara International ASA (OSE:YAR) today announced it will not proceed with the acquisition of the ammonia assets in the Louisiana Clean Energy Complex (LCEC) from Air Products. Yara will reallocate capital to alternative mature U.S. ammonia investment opportunities with more competitive returns.

Yara will not proceed with acquisition of ammonia assets in LCEC

In December 2025, Air Products and Yara jointly announced the potential for Yara to acquire the LCEC's ammonia production and distribution assets from Air Products, and for Air Products to own and operate the industrial gases production.

Today's announcement to not move forward reflects that the project's expected financial returns do not meet Yara's investment criteria.

Yara confirms it is finalizing a marketing and distribution agreement with Air Products for renewable ammonia from the NEOM Green Hydrogen project in Saudi Arabia.

Capital reallocation to advanced alternative projects

Yara remains committed to value-accretive, disciplined investments that improve competitiveness and support long-term earnings expansion.

Yara will continue its strategy to strengthen its position on the ammonia cost curve and is actively advancing selected U.S. ammonia investment opportunities that are expected to deliver attractive and robust returns. Alternative opportunities are at an advanced stage of evaluation.

Yara reiterates its previously communicated capital allocation priorities, with the majority of growth capex for the period of 2026-2030 expected to be deployed into large-scale U.S. ammonia investment, demonstrating its commitment to deliver on its strategic priorities while maintaining the dividend policy and strict capital discipline with the overall objective to maximize long-term shareholder returns.

Contact Maria Gabrielsen, Investor Relations M: +47 920 900 93 E: maria.gabrielsen@yara.com

Media Relations M: +47 400 04 170 E: press@yara.com

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Maria Gabrielsen, Head of Investor Relations, at Yara International ASA, on 30 June 2026 at 14:00 CEST.

About Yara

Yara is a global leader in crop nutrition and ammonia with a mission to responsibly feed the world and protect the planet.

Yara operates a global, flexible production system that delivers a diversified portfolio of nitrogen-based products. With our extensive global market reach and more than a century of agronomic knowledge and continuous innovation, we partner across the value chain to improve crop yields, optimize resource use, and reduce environmental impact.

Through diversified energy exposure and profitable decarbonization efforts, Yara is uniquely positioned to strengthen industrial competitiveness and create long-term value for customers, shareholders, employees, and society at large.

Founded in Norway in 1905, Yara operates in over 60 countries and serves more than 140 markets, employing about 15,700 people. In 2025, Yara reported revenues of USD 15.7 billion.

For more information, visit yara.com (https://www.yara.com/) or follow us on LinkedIn (https://www.linkedin.com/company/yara), X (https://x.com/yara), Facebook (https://www.facebook.com/yarainternational) or Instagram.

This information is subject to the disclosure requirements pursuant to Section 5 -12 the Norwegian Securities Trading Act.