Monterrey, Mexico
September 3, 2002

Savia (NYSE:VAI) informed yesterday that its shareholders meeting approved: (1) the conversion of Series "A" Shares Class I into a Unique Series "B" Shares; (2) the underwriting of unsecured convertible bonds to Series "B" Shares for the amount of $50,200,000; and the corresponding issuing of Treasury Common Stock.

This conversion may improve the company's tradability and will allow foreign investors to participate in the company without the need of Nacional Financiera's trust. The convertible bonds approved by the shareholders meeting could be issued and used by the company for its financial restructuring.

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.