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Press release from PR Newswire

Syngenta to Divest Materials Protection Business

Tuesday, March 01, 2011

Syngenta to Divest Materials Protection Business01:00 EST Tuesday, March 01, 2011BASEL, Switzerland, March 1, 2011 /PRNewswire/ --Sale of Materials Protection business to LanxessExclusive licensing and supply agreements for related active ingredients and technologies Syngenta announced today that it has signed an agreement to divest its Materials Protection business to Lanxess. Under the terms of the agreement, Lanxess will purchase intellectual property, registrations and regulatory data specific to Materials Protection. Syngenta will grant Lanxess access to related active ingredients and technologies through exclusive licensing and supply agreements. Employees and fixed assets are not part of the divestment.Syngenta's Materials Protection business had sales of around $25 million (euro 19 million) in 2010. The transaction is expected to close in April 2011. Financial details have not been disclosed.Syngenta is one of the world's leading companies with more than 26,000 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 www.syngenta.com.Cautionary 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 24Media contact:Medard Schoenmaeckers Switzerland   +41 61 323 2323   Analyst/Investor contacts:Jennifer GoughSwitzerland   +41 61 323 5059USA       +1 202 737 6521Claire HinshelwoodSwitzerland   +41 61 323 7812USA       +1 202 737 6520www.syngenta.comSOURCE Syngenta