Basel / Switzerland, Atessa / Italy
May12, 2021

Following the Press Release published yesterday by Intesa Holding S.p.A., Syngenta Crop Protection AG (“Syngenta“) together with Valagro S.p.A. (“Valagro“) would like to confirm that they both remain interested in pursuing a potential transaction involving SICIT Group S.p.A. (“SICIT Group”). In this respect, and consistently with the Letter of Interest delivered to SICIT Group, yesterday Syngenta and Valagro received access to certain limited confirmatory due diligence information and are in the process of reviewing expeditiously this information in order to decide in a short timeframe whether or not going forward with the proposed voluntary tender offer on SICIT Group pursuant to Article 102 and 106, fourth paragraph, of the Italian Financial Act.

We remain convinced of the potential of a combination between Syngenta/Valagro and SICIT Group. We would prefer to keep Intesa Holding as long-term shareholder of SICIT Group and remain open to dialogue.

Website: http://www.seedquest.com/id/s/syngentacropprotectionag.htm

Published: May 12, 2021