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Pioneer / PANNAR Partnership - A Major Boost for PANNAR and South African Agriculture21 October 2013

Andrew Jarvie, Managing Director

The long awaited partnership with DuPont Pioneer commenced on 31 July 2013, propelling PANNAR towards an exciting new future, where enhanced research capabilities and technologies are leveraged to build on our already solid foundation.

Brian Corbishley (left), co-founder, PANNAR, is presented a plaque by Paul Schickler, Pioneer president, to commemorate the new partnership.

You will no doubt have read about the leadership changes at PANNAR, involving internal promotions, also some retirements and role changes. We bid farewell to Deon van Rooyen who is now a Strategic Advisor to DuPont Pioneer's Africa Regional Office. I succeed Deon as Managing Director.

I am very excited about PANNAR's future and look forward to the growth and opportunities this partnership will yield for our business, employees and customers. Customers ought to share in our excitement. While we have always delivered exceptional products, the establishment of a world-class research technology hub in South Africa will enable us to deliver improved maize hybrids far quicker and without compromising on adaption to local growing conditions. The hub will comprise a network of world class research facilities and testing locations around South Africa and Africa and will be comparable to similar regional hubs in China, Brazil and India.

The BioGene™ hybrids that have performed very well over the past season are only the initial fruits of the collaborative research effort between PANNAR and Pioneer. The performance of these products confirms our belief in the complementarity of the respective company's germplasm pools and we are tremendously excited about the research and breeding possibilities in the future. PANNAR's commercial activities will remain independent. You will continue to be serviced by your nearest seed representative and your product needs will continue to be met by our exclusive and highly competitive product range. We are extremely excited about a host of new products and technologies that we will be launching in 2014 and we look forward to presenting these to you at our Crop Extravaganzas in February and March of 2014.

Thank you for your ongoing support and we wish you a successful planting season.

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