Monterrey, Mexico
February 27, 2002

• Savia focused during fiscal year 2001 on the restructuring of its operations. The company divested from Seguros Comercial America and Empaques Ponderosa subsidiaries. The proceeds from these transactions were applied to the prepayment of bank debt in the amount of
  almost one billion Dollars.
• The restructuring process involved the implementation of a series of initiatives focused on the optimization of its subsidiaries, which resulted not only in major reductions in costs and expenses, but also in increased efficiencies. These initiatives also required non-recurrent extraordinary expenses as reported during the period.
  Savia achieved a positive operating cash flow of 27 million Dollars for fiscal 2001, without considering extraordinary expenses by Seminis. This improvement is the result of a reduction in its operating expenses of 75 million of Dollars (19%) and in costs of 73 million Dollars (14%).

Savia, S.A. de C.V. (NYSE: VAI)(BMV: SAVIA), announced today results for fiscal 2001. The results for Seguros Comercial America and for Empaques Ponderosa are reported as discontinued operations in the attached tables.

Main Business Indicators
Million Dollars as of December 2001

RESULTS FISCAL 2001

Net Consolidated Sales

Net consolidated sales reached 702 million Dollars, a reduction of 14% compared with the same period last year. The reduction is a result of lower sales in the Agro business division and the sale of non-strategic assets in Savia. Foreign currency denominated sales for the period accounted for 93% of total sales.

Consolidated Operating Income

Consolidated operating income for fiscal 2001 reached 2 million Dollars, without considering extraordinary expenses by Seminis. When considering these extraordinary expenses, consolidated operating income for fiscal 2001 reflected a loss of 73 million Dollars, 38 million Dollars (34%) lower than the loss reported in fiscal 2000. This improvement is the result of a reduction of operating expenses of 19% and in the costs of sales by 14%. The operating cash flow recovered 33 million Dollars (41%) and reported a negative cash flow of 48 million Dollars for fiscal 2001.

Net Consolidated Income

Net consolidated loss for this period reported 338 million Dollars, 136 million Dollars (29%) lower than the reported loss for fiscal 2000. This result shows a relevant step in the recovery of profitability in the business. The majority loss reported 270 million Dollars, a reduction of 70 million Dollars (21%) as compared to fiscal 2000.

RESULTS FOR THE FISCAL YEAR 2001 FOR THE PRINCIPAL SUBSIDIARIES

Seminis

The total sales for fiscal 2001 reached 448 million Dollars, a figure similar to the one reported for fiscal 2000, when excluding the effect of discontinued operations and exchange rate. When considering the extraordinary expenses, sales showed a decrease of 8%.

The operating expenses were reduced by 15% and reported 240 million Dollars for fiscal 2001. The operating loss reached 21 million Dollars, amount that reflects an improvement of 47% when compared to fiscal year 2000. Cash flow from operations for fiscal 2001 was negative and reported 4 million Dollars, an improvement of 79% in comparison to fiscal 2000. The initiatives implemented after September of 2000 keep improving the business results. During the fourth quarter of 2001, Seminis reduced its bank debt by 36.7 million Dollars, improving its financial flexibility.

Bionova

The Bionova sales were 205 million Dollars that represented a decrease of 10% in comparison to sales reported during fiscal 2000. The operating loss was of 8 million Dollars in comparison with the loss of 24 million Dollars during the same period last year; a reduction of 16 million Dollars (65%). During fiscal 2001 the company sold non-strategic assets that included Tanimura Distributing and Interfruver de Mexico.

CONSOLIDATED FOURTH QUARTER RESULTS

Net Consolidated Sales

The net consolidated sales for continuous operations reached 130 million Dollars for the fourth quarter of 2001, 14% lower than the sales reported for the same period in 2000, this reduction in sales is a direct result of the sale of non-strategic assets in Bionova. Foreign currency denominated sales for the period accounted for 90% of total sales.

Consolidated Operating Income

The consolidated operating income for continuous operations recovered 26 million Dollars (59%) during the quarter, and reported an operating loss of 18 million Dollars in comparison to a loss of 44 million Dollars reported in 2000. This important reduction in the operating loss was a result of a recovery of 5% in gross profits and a decrease of 24% in operating expenses. The business recovery can be observed in the reduction of 25 million Dollars (68%) in the negative operating cash flow. Operating cash flow for the quarter resulted negative and reported 12 million Dollars in comparison with a negative cash flow
of 37 million Dollars reported in the fourth quarter of 2000.

Net Consolidated Income

The net consolidated income for continuous operations recovered almost 100 million Dollars (69%) and reported a loss of 47 million Dollars compared with a loss of 152 million Dollars reported during the same period of fiscal 2000. The majority net loss for the fourth quarter reported 47 million Dollars an improvement of 73 million Dollars (61%) in comparison with the fourth quarter of fiscal 2000. This represents a loss of 0.93 pesos per share or 0.40 dollars per ADR.

FORTH QUARTER RESULTS FOR THE PRINCIPAL SUBSIDIARIES

Seminis

Seminis improved its operating results for the fourth consecutive quarter regardless that the fourth quarter reported the lowest sales as consequence of the industry's seasonality. Sales for the fourth quarter for 2001 were stable and reported 80 million Dollars. The operating gross profit improved by 4% and reported 50 million Dollars, an amount that represents 62% of the business sales. During the quarter, Seminis reduced its operating expenses by 8 million Dollars (13%), in this same quarter Seminis achieved a more efficient use of its working capital, this fact favors its medium and long-term growth. The operating loss reported an improvement of 10 million Dollars (63%) in comparison with the same quarter of fiscal 2000, the operating cash flow improved by 10 million Dollars and reported a negative cash flow of only 2 million Dollars in comparison to a negative cash flow of 12 million Dollars reported for the fourth quarter of 2000.

Bionova

Bionova results showed for the fourth quarter of 2001 sales of 37 million Dollars, which represented a 38% reduction as compared to the sales for last year. During the quarter, the gross profit improved by 34%, operating income reported a loss of 1 million Dollars, a reduction of 4 million Dollars (87%) as compared to a loss of 5 million Dollars reported for the fourth quarter of 2000. These results are a clear indication of an improvement in the business operation. During the period Interfruver de Mexico was divested.

RELEVANT EVENT

In the preliminary accumulated results reported by Savia for its fiscal year 2001 a 48 million Dollars reserve, regarding deferred taxes for Seminis subsidiary was included. Of the 48 million Dollars reserve, 42 million Dollars were charged retractably in June 2001, and the other 6 million Dollars were charged in September 2001. This amount was not reported by Seminis in its previous results.

These reserves are provisions made at the value that reflects fiscal losses carry forward in countries where Seminis operates, mainly in the United States of America and the Netherlands. These reserves were accounted by a methodology of deferred taxes that takes into account the fiscal results achieved in the prior three years in each country where the company operates. This reserve does not imply cash out flow and it does not diminish the true value of fiscal losses carried forward and the opportunity of realizing these losses in the future.

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. I 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.