Monterrey, Mexico
October 31, 2002

Savia S.A. de C.V. (BMV:SAVIA) (NYSE:VAI) announced today that negotiations for the extension of its current bank debt continued with its lender banks.

Savia's bank debt accounts for US 60 million dollars. The company expects to finalize its negotiations before the end of the year. With this agreement the company could extend the maturity of its credit facility to the end of the fourth quarter 2005.

Savia is a company with global reach focused on agro businesses. Its principal subsidiaries include Seminis, a global leader in the production and marketing of fruit and vegetable seeds, Bionova, distributor and marketer of fresh fruits in the NAFTA market, and Desarrollo Inmobiliario Omega, a company dedicated to the development of real estate in Northern Mexico.