SOURCE: Agria Corporation

Agria Corporation

Agria Corporation

November 14, 2011 05:00 ET

PGG Wrightson to Open Beijing Representative Office

BEIJING--(Marketwire - Nov 14, 2011) - Agria Corporation (NYSE: GRO) (the "Company" or "Agria"), a China-based company with investments in the agriculture sector, today announced that its New Zealand listed subsidiary, PGG Wrightson (NZX: PGW), is to establish a Beijing representative office.

The Beijing representative office will work to deliver revenue and profit-generating business for PGG Wrightson in China. The initial focus will be on working with PGG Wrightson existing businesses to satisfy the strong demand in China for high quality grass seed and for dairy livestock sourced from New Zealand, Australia and Uruguay.

It is envisaged that the representative office will facilitate sourcing of products for PGG Wrightson's rural supplies business in New Zealand and serve as a valuable resource for PGG Wrightson's other business units. The office will also be responsible for conducting market and product research, marketing, brand promotion and coordination of PGG Wrightson's activities in China, amongst other activities.

Xie Tao, Agria's Chief Executive Officer, said Agria is proud to welcome its partner into China. "The establishment of a formal representative office reflects the success of our relationship, our resource sharing and continued mutual goal of pursuing attractive growth opportunities in China, New Zealand and worldwide."

George Gould, Managing Director of PGG Wrightson, said the move represented a significant milestone in the company's strategy of generating value for all PGG Wrightson shareholders from market opportunities in China. "It is worth noting that PGG Wrightson has a history of working with China-based partners and customers given the international scope of our livestock, wool and proprietary seeds businesses."

Mr. Gould will be visiting Beijing as part of a scheduled business trip to China later this week.

About Agria Corporation

Agria Corporation (NYSE: GRO) is a China-based agriculture company with operations in China and internationally. In China, we engage in research and development, production and sale of seed products, including field corn seeds, edible corn seeds and vegetable seeds. We own through Agria Asia a majority equity interest in PGG Wrightson, New Zealand's largest agricultural services company. PGG Wrightson reported turnover of NZ$1.2 billion (US$1.0 billion) for the 12 months ended June 30, 2011. For more information about PGG Wrightson, please visit For more information about Agria Corporation, please visit

Safe Harbor Statement:
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Agria may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Agria's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, those risks outlined in Agria's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this announcement unless otherwise stated and Agria does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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