Monsanto Company announced today a U.S. multi-year supply agreement with Micro Flo that also licenses rights to Monsanto's glyphosate herbicide registration data. The agreement will allow Micro Flo to register its own brand of glyphosate herbicide for sale in the United States.

Additionally, terms of the license agreement allow Micro Flo to use its own brand of glyphosate
herbicide over the top of Roundup Ready soybeans and Roundup Ready cotton beginning October 1, l999 and over Roundup Ready corn beginning October 1, 2000 in the United States.

The agreement does not include lawn and garden uses.

Monsanto's Roundup and Roundup Ultra herbicides, which include the active ingredient glyphosate, and Micro Flo's glyphosate brand(s) will compete with each other in the agricultural marketplace.

All performance, crop safety and stewardship support concerning all uses of Micro Flo's brand(s),
including over the top of pertinent Roundup Ready crops, is the responsibility of Micro Flo.

The supply and licensing agreements apply to Micro Flo and its affiliates, including BASF
Corporation. No additional details were provided and all other terms are confidential.

As a life sciences company, Monsanto is committed to finding solutions to the growing global needs for food and health by sharing common forms of science and technology among agriculture, nutrition and health. The company's 30,000 employees worldwide make and market high-value agricultural products, pharmaceuticals and food ingredients.

Micro Flo, a subsidiary of BASF Corporation, located in Lakeland, Fla., is engaged in the sale of high quality crop protection products.

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