August 29, 2003

Emergent Genetics Inc., the owner of L. Dæhnfeldt A/S, has decided to sell Dæhnfeldt's activities on the Flower Division, inclusive of Frisa A/S and the research station Danefeld to Sakata Ornamentals Europe A/S for acquisition August 29, 2003. Employees and facilities will be transferred to Sakata Ornamentals Europe A/S and outgoing activities are planned to take place over an agreed period of 4-6 months.

In the future L. Dæhnfeldt A/S will solely be in sales, production and breeding of vegetable varieties. The head office of the activities will be at the present address, and warehouse, cleaning and office facilities will continue as at present. Research and development facilities will be continued in the area around Odense to the same extent as today, but in other and not yet agreed facilities.

Dæhnfeldt's product range has in the last few years obtained a competitive level, and results for the global market are extremely good, which is very encouraging for future growth. The promising products include first of all Spinach, Cucumbers and Brassica.

Dæhnfeldt will proceed with the work to achieve priority status within selected products and markets by means of a focused research in Denmark and abroad. Sales and marketing will be further intensified to strengthen our global network of distributors, representatives and producers being the customer portfolio of Dæhnfeldt.

Emergent Genetics Inc. have after their reorganization decided to integrate Dæhnfeldt in the future seed company as a strategic partner in the ongoing development of Emergent Genetics Inc. Cooperation with the global seed companies of Emergent Genetics Inc. is a significant strengthening of Dæhnfeldt.

Dæhnfeldt's managing director is Christian P. Pedersen and the Chairman is CEO of Operations Mark W. Wong, Emergent Genetics Inc.