Agria Subsidiary PGG Wrightson Announces Settlement of Commerce Commission Investigation

Agria Corporation GRO (the "Company" or "Agria") today announced that the High Court of New Zealand (the "Court") has approved a settlement agreed upon between its New Zealand-listed subsidiary, PGG Wrightson Limited PGW ("PGW"), and the New Zealand Commerce Commission (the "Commission") to resolve the proceeding brought by the Commission against PGW, among other companies that operate livestock sale yards. The settlement avoids protracted and costly litigation. The proceedings alleged that there were agreements between PGW and other livestock industry competitors in relation to the charging of fees for services provided at sale yards to comply with the requirements of the National Animal Identification and Tracing Act 2012 ("NAIT") introduced in July 2012. In reaching the settlement with the Commission, PGW has agreed to pay a pecuniary penalty of NZ$2.7 million (US$1.8 million) and to review the NAIT-related fees that it charges. The announcement issued by PGW can be accessed via the following link: http://pggwrightson.co.nz/our-company/nzx-announcements.