BIONOVA Holding Corporation announced today that its common shares have been approved for listing on the American Stock Exchange (AMEX) under the symbol "BVA.'' Trading on the AMEX will begin on November 4, 1999.

"We believe this move to the AMEX is a positive development made in the best interests of our
shareholders,'' said Bernardo Jimenez, Chairman and Chief Executive Officer of Bionova Holding
Corporation. "While Bionova Holding's fundamentals no longer comply with Nasdaq's listing
criteria, we are pleased to find a match with the AMEX, the best market for our company's stock
listing. We look forward to developing a strong relationship with the AMEX and to joining the
growing list of agriculture and biotechnology companies on the AMEX. We believe this move will
be seamless for our shareholders and will be completed without any interruption in the stock
trading.''

Bionova Holding also announced that it will be releasing its third quarter financial results on
November 9th.

Bionova Holding Corporation is a leading biotechnology company focused on using its proprietary
genetic engineering and plant science technologies to develop and improve the quality and
agronomic traits of fruits and vegetables. Through its fresh produce growers and distribution
companies, Bionova Holding is known for its premium Master's Touch® and FreshWorld
Farms® brands. Bionova Holding and its subsidiaries have strategic alliances and licensing
agreements with some of the world's leading agricultural companies, with its affiliates, including
Seminis Vegetable Seeds, Inc., with value-added producers and marketers, and with
biotechnology research groups. Bionova Holding Corporation is majority owned by Mexico's
SAVIA, S.A. de C.V., whose subsidiaries include the world's biggest vegetable seed company.

Company news release
N2220