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| Agria Intends to Vigorously Contest and Defend Allegations |
| BEIJING, Apr 14, 2008 (MARKET WIRE via COMTEX News Network) -- Agria Corporation (NYSE: GRO) (the "Company"), an innovative
China-based agri-solutions provider, announced today that the Company
has been named as a defendant in a securities class action filed in
the United States District Court for the Southern District of New
York. The complaint also names as defendants some of the directors and
officers of the Company, as well as the control person of the Company
with respect to alleged misleading and omitted disclosures in the
Company's registration statement for its initial public offering in
November 2007. The complaint alleges that some or all of the
defendants violated Section 11, Section 12 and Section 15 of the
Securities Act of 1933 and requests unspecified compensatory damages.
It is possible that there may be other lawsuits filed, repeating
these allegations. The Company intends to vigorously contest and
defend the allegations against it in any and all of these lawsuits.
About Agria Corporation Agria Corporation (NYSE: GRO) is an innovative China-based agri-solutions provider focusing on research and development, production and distribution of three different types of upstream agricultural products. Its diversified portfolio of products comprises corn seeds, sheep breeding and seedlings, including proprietary products developed through its own research and development capability. The company has access to approximately 27,000 acres of farmland in seven provinces and its extensive distribution network provides direct or third party distribution in 14 provinces. For more information about Agria Corporation, please visit www.agriacorp.com. Contacts:In China: Matt Feng Investor Relations China Tel: 133-1130-0320 matt.feng@agriacorp.com In the U.S.: David Pasquale Senior Vice President U.S. Tel: +914-337-1117 david.pasquale@agriacorp.com |