Agria Subsidiary PGG Wrightson Raises Fiscal 2016 Guidance

Mr. Alan Lai, Executive Chairman of Agria and Chairman of the PGW Board, commented, “The momentum at PGW continues to improve, as growth initiatives and strong execution enabled us to overcome challenging conditions in the trading environment in our regions. The autumn sales season was strong in New Zealand, with Seed and Grain, Retail, and Livestock all exceeding our previous expectations. This achievement is notable, given the soft conditions in the New Zealand and South American dairy sectors.”

The table below summarizes the performance of key PGW business units.

Lai concluded, “By its very nature, the agriculture business always faces a challenge of some sort, so we have structured PGW over the years to be resilient and responsive to whatever conditions we must confront. Our solid execution this year gives us confidence in our ability to grow our business again in 2017, even with headwinds in the dairy sector and uncertainty as to when Uruguay will fully recover from the flooding. Our confidence is reflected in our recently announced Agria ADS repurchase program. We believe that the strength of our business around the world is not fully recognized by the markets, and that buying shares at this level is an excellent use of our capital.”

Agria expects to announce results for the fiscal year 2016 on August 19, 2016.

All references to PGW refer to PGW, its subsidiaries and its interests in associates and jointly controlled entities.

Non-GAAP profit measures are not prepared in accordance with NZ IFRS and are not uniformly defined, therefore the non-GAAP profit measures reported in this document may not be comparable with those that other companies report and should not be viewed in isolation or considered as a substitute for measures reported by PGW in accordance with NZ IFRS.