Agria's New Zealand Listed Subsidiary, PGG Wrightson Announces

Agria's New Zealand Listed Subsidiary, PGG Wrightson Announces
Dividend Policy 
BEIJING -- (Marketwire) -- 12/17/12 --  Agria Corporation (NYSE: GRO)
(the "Company" or "Agria"), a China-based agricultural company with
operations in seeds in China and internationally and in
agri-services, today announced that its New Zealand listed
subsidiary, PGG Wrightson (NZSE: PGW) ("PGW") has announced its
dividend policy. A copy of PGW's dividend policy can be downloaded
from the website:
www.pggwrightson.co.nz/OurBusiness/MarketAnnouncements. The Chairman
of PGW said that PGW's board of directors intend to recommence
dividend distribution and have resolved to adopt a dividend policy
geared towards providing a consistent dividend stream while
maintaining financial flexibility through the business cycle. The
dividend policy is as follows: 
The PGW board will determine to pay cash dividends (both interim and
final) as appropriate taking into account relevant considerations at
the time including: 


 
--  Working capital requirements;
    
    
--  Capital expenditure requirements;
    
    
--  The cyclical nature of agricultural business recognising that the
    majority of revenue is generated in the second half of the financial
    year;
    
    
--  The interests of shareholders;
    
    
--  Free cash-flow available for distribution; and
    
    
--  Relevant market practice.

  
About Agria Corporation  
Agria Corporation (NYSE: GRO) is an agricultural company with
operations in China and internationally. Agria operates three
principal business lines: China seeds, international seeds and
agriservices. In China, Agria engages in research and development,
production and sale of seed products, including field corn seeds,
edible corn seeds and vegetable seeds. Agria owns through Agria Asia
a 50.22% equity interest in PGG Wrightson, New Zealand's largest
agricultural services company. For more information about PGG
Wrightson, please visit www.pggwrightson.co.nz. For more information
about Agria Corporation, please visit www.agriacorp.com. 
Safe Harbor Statement: 
This announcement contains forward-looking statements. These
statements, including the management's commentary, 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. 
Contact:
David Pasquale
Senior Vice President
U.S. Tel: +1-914-337-1117
david.pasquale@agriacorp.com