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Press release from Business Wire

Ceres Announces Closing of Initial Public Offering and Exercise in Full of Option to Purchase Additional Shares

Monday, February 27, 2012

Ceres Announces Closing of Initial Public Offering and Exercise in Full of Option to Purchase Additional Shares16:15 EST Monday, February 27, 2012 THOUSAND OAKS, Calif. (Business Wire) -- Energy crop company Ceres, Inc. (Nasdaq:CERE) announced today the closing of its previously announced initial public offering of 5,000,000 shares of its common stock at a price to the public of $13.00 per share. In connection with the initial public offering, the underwriters exercised in full their option to purchase an additional 750,000 shares of common stock from the company. As a result, the total initial public offering size was 5,750,000 shares. Goldman, Sachs & Co. and Barclays Capital acted as joint book-running managers for the offering and Piper Jaffray, Raymond James and Simmons & Company International acted as co-managers. A registration statement on Form S-1 relating to this offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on February 21, 2012. This offering is being made solely by means of a written prospectus forming part of the effective registration statement relating to these securities. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov. A copy of the final prospectus relating to this offering may also be obtained from Goldman, Sachs & Co., via telephone: (866) 471-2526; email: prospectus-ny@ny.email.gs.com; or standard mail at Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282-2198; or from Barclays Capital, via telephone: (888) 603-5847; email: Barclaysprospectus@broadridge.com; or standard mail at Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. ABOUT CERES Ceres, Inc. (Nasdaq: CERE) is an agricultural biotechnology company that markets seeds for energy crops used in the production of renewable transportation fuels, electricity and bio-based products. Its development activities include sweet sorghum, high-biomass sorghum, switchgrass and miscanthus. Ceres markets its products under its Blade Energy Crops brand. Ceres, Inc.Gary Koppenjan, (805) 375-7801ir@ceres.net