Monterrey, Mexico
April 25, 2002

EXECUTIVE SUMMARY

• Savia posted a consolidated net income of 19 million Dollars and reverts the majority net loss
  reported in the first quarter of 2001, reaching a net majority income of 8 million Dollars, a
  recovery of 26 million Dollars.
• Savia increases its operating cash flow (EBITDA), reporting a positive result of 42 million Dollars, an increase of 40.6% in comparison to the same period of last year. Likewise, the operating income increased to 36 million Dollars, 53.9% over the one reported in the same period of 2001. This important growth in operating income has been achieved by a 20.5% reduction in operating expenses in Savia and its subsidiaries.
• Seminis improved for the fifth consecutive quarter its operating results. Sales for the first quarter of 2002 remained stable in comparison to sales reported in the same period of 2001; operating margin rose to 63.0%, operating expenses decreased by 6 million Dollars or 10.0% and its net operating cash flow registered 46 million Dollars, a growth of 23% or 9 million Dollars, as compared to the one reached in the same period of 2001. The subsidiary reports an operating income that reaches 42 million Dollars; this result reflects an increase of 27% in comparison to the 33 million Dollars obtained in 2001.
• Bionova, in spite of divestments in non-strategic assets, that impacted sales by 31.0% for the period, the company maintained an operating income and net cash flow similar to the one achieved in the same period of 2001. Net cash flow from operations reached 3 million Dollars.

Savia, S.A. de C.V. (NYSE: VAI) (BMV: SAVIA) announced today results for the first quarter of 2002. Results of Seguros Comercial America and Empaques Ponderosa are reported as discontinued operations in the charts corresponding to fiscal year 2001.

Business Indicators
(Millions of Dollars as of March 2002)

FIRST QUARTER RESULTS 2002

Net Consolidated Sales

The consolidated net sales reached 209 million Dollars, a reduction of 11.6% in comparison to the same period of last year. The reduction is a result of the sale of non-strategic assets in Bionova and Savia, and a decrease in sales of agriculture related businesses. Dollar denominated sales accounted for 48% of the sales of the period, Euros accounted for 24%, Pesos for 6% and other currencies for the remaining 22%.

Consolidated Operating Income

Consolidated operating income for the first quarter of 2002 reached 36 million Dollars, an increase of 53.9% or 12 million Dollars, with regard to the first quarter of 2001. This considerable increase has been achieved by a reduction in operating expenses in Savia and its subsidiaries. The operating cash flow recovered 12 million Dollars (40.6%) and reported 42 million Dollars during the quarter.

Net Consolidated Income

In this period majority net income reverted its negative result by recovering 26 million Dollars or 146.1%, and reached the amount of 8 million Dollars. The consolidated net income ascended to 19 million Dollars in comparison to the 1 million Dollars obtained in the same period of 2001. This achievement is the result of a significant reduction in operating expenses and interest payments, due to an important debt reduction in Savia and in Seminis. During the last year, Savia prepaid close to one billion Dollars to its creditors and Seminis reduced its consolidated debt by 55 million Dollars.

RESULTS FOR THE FIRST QUARTER OF 2002 FOR THE MAIN SUBSIDIARIES

Seminis

Total sales for the first quarter of 2002 reached 153 million Dollars, figure similar to the one reported in the same period of 2001. The operating gross profit continued to rise and reached 63% of the business sales. Operating expenses decreased by 10.0% and reported 54 million Dollars for the first quarter of 2002. Operating income reached 42 million Dollars, result that reflects an increase of 27% in comparison to 33 million Dollars reached in 2001. The cash flow from operations for the period registered 46 million Dollars, a 23% growth in comparison to the same period of 2001. These results show the effect of the initiatives implemented by Seminis since September of 2000, which continue to strengthen its operations.

Bionova

The sales of Bionova for the first quarter of 2002 were of 47 million Dollars, figure that represents a decrease of 31% as compared to last year's sales. This reduction is the result of the sale of non-strategic assets, which included Interfruver de Mexico. Despite the sale of these assets the company maintained an operating income and net cash flow similar to the one achieved in the same period of 2001. Net cash flow from operation reached 3 million Dollars.

Savia participates in industries that offer high growth potential in Mexico and internationally. Among its main subsidiaries are: Seminis a global leader in the development, production and commercialization of fruit and vegetable seeds; Bionova, a company focused in plant science for the development and improvement of fruit and vegetable seeds; and Omega, a real estate development company.

Savia's financial statements are prepared in compliance with generally accepted accounting principles in Mexico. For the consolidation of domestic subsidiaries, Savia follows the guidelines set forth in bulletin B-10 and for foreign companies follows the guidelines set forth in bulletin B-15. Seminis and Bionova report following the generally accepted accounting principles of Mexico. These results are adjusted to reflect the above-mentioned guidelines. In addition, Seminis reports its fiscal year the first quarter of October through the last of September. Savia reports its fiscal year on a calendar basis, including in its consolidated results the operations of Seminis according to calendar year.