Dow AgroSciences Danmark A/S, a subsidiary of Dow AgroSciences LLC, and ABED FONDEN (ABED Foundation or ABED) announced today that an agreement has been reached between the two organizations.

As a result of the agreement, seven ABED employees will be transferred to Dow AgroSciences Danmark A/S to support the research and development of Dow AgroSciences' Nexera* canola seed and Natreon* canola oil business. Financial terms of the agreement were not disclosed.

"The agreement will allow Dow AgroSciences to accelerate the development of Nexera* canola seed products specifically adapted to the European environment," said Steve Thompson, global R&D leader for Seeds and Traits R&D for Dow AgroSciences. "ABED has an excellent plant breeding history and experience base in Europe. We are pleased that a part of their talented organization will now become an integral and long term part of our healthy oils business."

"The management and board of directors of the ABED Foundation have for a number of years worked to secure the Foundation's plant breeding activities for the future," said Henrik Hoegh, chairman of ABED. "We are pleased to have reached this important agreement with Dow AgroSciences, which will lead to high quality plant breeding for their business and provide new opportunities for those ABED employees who will be joining Dow AgroSciences. It will also assist in securing profitable development of our cereal breeding operation."

Dow AgroSciences will continue to maintain a relationship with the ABED Foundation through the leasing of facilities that will be used for the breeding of Nexera* canola seed. ABED will continue its small grains breeding program which will focus on the Danish market.

"Europe is an important market for canola products and Natreon* canola oil is an excellent fit," said David Dzisiak, global business leader, Oils/Oilseeds for Dow AgroSciences. "The unique oil profile provides the right combination of health benefits and functionality being sought after by the European food industry."

Dow AgroSciences LLC, based in Indianapolis, Indiana, USA, is a global leader in providing pest management and biotechnology products that improve the quality and quantity of the earth's food supply and contribute to the health and quality of life of the world's growing population. Dow AgroSciences has approximately 5,000 people in more than 50 countries dedicated to its business, and has worldwide sales of US $3.4 billion. Dow AgroSciences is a wholly owned indirect subsidiary of The Dow Chemical Company.

*Trademark of Dow AgroSciences LLC