What are the tax implications for an American citizen holding Yara ADRs/shares?
U.S. Treasury regulations require each shareholder to attach to his or her federal income tax return a signed statement setting forth certain prescribed information about the demerger of Norsk Hydro ASA. For this purpose, we are enclosing a sample statement that you may use when filing your 2004 income tax return. You should consult with your own tax adviser as to the specific tax consequences of the distribution to you, including the application and effect of foreign, state and local tax laws as well as the apportionment of your cost basis in Norsk Hydro ASA between Norsk Hydro ASA and Yara International ASA. [NOTE: If you wish to utilize this sample, complete Item #2, sign this statement and attach to your 2004 Federal Income Tax Return. DO NOT RETURN TO NORSK HYDRO ASA OR YARA INTERNATIONAL ASA.
