Scott, Mississippi
November 19,  2001

Delta and Pine Land Company (NYSE: DLP) ("D&PL"), a leading commercial breeder, producer and marketer of cotton planting seed, today announced that the Board of Directors declared a
dividend of $0.05 per share, a 25% increase over last quarter's $0.04 per share. The first quarter dividend payable to the shareholders of record on November 30, 2001, will be paid on December 14, 2001. Annualized, the aggregate dividend paid in 2002 will approximate $7.7 million, up from $6.2 million. The Company has approximately 38.5 million shares outstanding.

Murray Robinson, CEO and Vice Chairman, said, "This increase reflects our confidence in Delta and Pine Land's 2002 earnings and cash flow from operations and allows us to directly reward our shareholders."

Delta and Pine Land Company is a commercial breeder, producer and marketer of cotton planting seed. Headquartered in Scott, Mississippi, with multiple offices in eight states and facilities in several foreign countries, DLP also breeds, produces and markets soybean planting seed.

Company news release
N3965