Monsanto India Ltd. (MIL) announces its decision to sell and transfer the business related to production and sale of Sunflower Seeds ("Sunflower Business") to Devgen Seeds and Crop Technology Pvt. Ltd. and / or Devgen N.V., Belgium at a total consideration in Indian Rupees equivalent to USD 3.91 million (approx. Rs. 16 crores) plus inventory at cost, on such terms & conditions and with effect from such dates and in such manner as the Board think fit and proper. The decision was taken by the Board of Directors at a meeting held on September 14, 2007.

MIL Sales for the year ended March 31, 2007 stood at Rs. 309.22 crores, while PAT stood at Rs. 70.53 crores. Sales for the quarter ended June 30, 2007 stood at Rs. 178.30 crores (up 16%), while PAT stood at Rs. 57.79 crores (up 11%).

Monsanto is agricultural company that commenced operations in India in 1949 as a trading company. Currently, the India business is represented by two entities - Monsanto India Limited (MIL), and Monsanto Holdings Pvt. Ltd. (MHPL) and consists of three areas that together offer a range of high technology solutions for Indian agriculture. Monsanto India Limited (MIL) is listed on the National Stock Exchange and Bombay Stock Exchange with approx. 72% of its stock directly or indirectly held by Monsanto Company, USA, and the rest by public. The Company was recently voted among India's Top 25 Best Employers as per the Hewitt Associates Survey 2007. Monsanto Company is a Fortune 500 firm headquartered in St. Louis, Missouri (USA).

For further information, please contact:
Christopher Samuel
Senior Manager - Public Affairs
+91 99675 82255