NEW YORK, November 7, 2007 — The Bank of New York Mellon, a global leader in asset management and securities servicing, has been selected by Agria Corporation as the depositary bank for its American depositary receipt (ADR) program. Each Agria ADR represents two ordinary shares. The ADRs trade on the New York Stock Exchange under the symbol "GRO."

Based in China, Agria Corporation provides agri-solutions and is engaged in research and development, production and sale of upstream agricultural products. The company offers corn seeds, sheep breeding products, and seedling products and has access to approximately 27,000 acres of farmland in seven provinces. Agria Corporation owns approximately 17,000 sheep, consisting of nine types of purebred breeder sheep and its self-developed Primalights III hybrid sheep. Agria Corporation also sells sheep-breeding products, which include frozen sheep semen, sheep embryos and breeder sheep.

Mr. Alan Guanglin Lai, Chairman of the board of directors and Co-CEO of Agria Corporation, said, "The decision to list our ADRs on the New York Stock Exchange took careful thought, as did our selection of a depositary bank. We chose The Bank of New York Mellon because of its extensive experience with DRs from Chinese companies. The bank has the resources and expertise necessary to generate ongoing market visibility for our new program."

Christopher Sturdy, executive vice president and head of The Bank of New York Mellon's Depositary Receipt Division, said, "We are delighted to support Agria Corporation, the first agricultural company from China with an ADR program, as it enters the U.S. market. We look forward to helping the company gain greater name recognition in the U.S. investment community."

The Bank of New York Mellon's Depositary Receipt business is conducted through The Bank of New York subsidiary, which acts as depositary for more than 1,290 American and global depositary receipt programs, acting in partnership with leading companies from 61 countries. With an unrivalled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the Company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Additional information is available at http://www.adrbny.com/.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 37 countries and serving more than 100 markets. The company is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has more than $20 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $11 trillion in outstanding debt.

Additional information is available at bnymellon.com.

The Bank of New York Mellon provides no advice nor recommendation or endorsement with respect to any company or security. Nothing herein shall be deemed to constitute an offer or solicitation of an offer to buy or sell securities.