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Press release from PR Newswire

Syngenta Acquires Maribo Seed Sugar Beet Business From Nordic Sugar

Thursday, May 27, 2010

Syngenta Acquires Maribo Seed Sugar Beet Business From Nordic Sugar01:00 EDT Thursday, May 27, 2010- Consolidates position in sugar beet across Europe - Further enhances outlook for Diverse Field CropsBASEL, Switzerland, May 27 /PRNewswire/ -- Syngenta announced today the signing of an agreement to acquire the Maribo Seed sugar beet business from Nordic Sugar, a subsidiary of Nordzucker AG, for a consideration of euro 43 million ($52.8 million) plus euro 5 million ($6.1 million) contingent payments on a cash and debt free basis. The transaction includes the seed production and sales activities of Maribo Seed as well as the Maribo brand name. In 2009 sales of the acquired activities were around euro 35 million ($49 million)."This acquisition consolidates our position in European sugar beet," said Davor Pisk, Chief Operating Officer Syngenta Seeds. "Maribo Seed has incorporated Syngenta genetics in its range since 1992. It is a strong and well-established brand in key markets." Beet sugar accounts for around 30 percent of the world's sugar production. Globally, sugar beet is grown on around four million hectares, mainly in the European Union, the Commonwealth of Independent States (CIS) and the United States. The global sugar beet seeds market is currently valued at around $750 million. Maribo Seed was created in 1920 and is headquartered close to Copenhagen in Holeby, Denmark. The company sells its sugar beet seeds in 35 countries and has commercial operations across Europe including Russia, Poland, Denmark and the UK. Maribo Seed has around 170 employees.The transaction is subject to the approval of regulatory authorities. Syngenta is one of the world's leading companies with more than 25,000 employees in over 90�countries dedicated to our purpose: Bringing plant potential to life. �Through world-class science, global reach and commitment to our customers we help to increase crop productivity, protect the environment and improve health and quality of life. �For more information about us please go to or Statement Regarding Forward-Looking StatementsThis document contains forward-looking statements, which can be identified by terminology such as "expect," "would," "will," "potential," "plans," "prospects," "estimated," "aiming," "on track" and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. We refer you to Syngenta's publicly available filings with the U.S. Securities and Exchange Commission for information about these and other risks and uncertainties. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors. This document does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form the basis of, or be relied on in connection with, any contract therefor.Syngenta�International�AGMedia OfficeCH-4002�BaselSwitzerlandTel: � +41 61 323 23 23Fax: �+41 61 323 24 24www.syngenta.comMedia contact:Medard Schoenmaeckers Switzerland � +41 61 323 2323Analyst/Investor contacts:Jennifer GoughSwitzerland � +41 61 323 5059USA � � � � � � +1 202 737 6521John HudsonSwitzerland � +41 61 323 6793USA � � � � � � +1 202 737 6520SOURCE SyngentaFor further information: Syngenta International AG, Media Office, +41 61 323 23 23, Fax: +41 61 323 24 24; Media: Medard Schoenmaeckers, Switzerland: +41 61 323 2323; Investors: Jennifer Gough, Switzerland: +41 61 323 5059, USA: +1-202-737-6521, or John Hudson, Switzerland: +41 61 323 6793, USA: +1-202-737-6520