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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 has strategic joint ventures and licensing agreements with some of the world’s leading agricultural companies, with its affiliates, including Seminis Vegetable Seeds, Inc., the world’s largest vegetable seed company, with value-added producers and marketers, and with biotechnology research groups.

Bionova Holding Corporation is majority owned by Mexico’s: (NYSE: VAI).

BIONOVA HOLDING COMPLETES DEFINITIVE AGREEMENTS WITH SAVIA

Oakland, California—January 5, 2001—Bionova Holding Corporation (AMEX: BVA) stated that it has made considerable progress on its business and financial restructuring program. As first announced on November 30, 2000, Bionova Holding plans to focus its business on technology and its new trait genomics platform. To this end, Bionova Holding has agreed to sell its fresh produce business and has secured a financing commitment to support its technology business in 2001.
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BIONOVA HOLDING’S BOARD ANNOUNCES NEW FOCUS ON FUNCTIONAL GENOMICS AND A FINANCIAL RESTRUCTURING

Oakland, California—November 30, 2000—Bionova Holding Corporation (AMEX: BVA) announced today its planned business and financial restructuring program. As outlined below, the program includes the sale of the Company’s fresh produce business and a financial restructuring consisting of a capitalization of all remaining advances made by Savia to the Company, the issuance of a new set of rights to the Company’s minority stockholders, and assurance of funding for the 2001 calendar year. Moving forward Bionova Holding will focus on its functional genomics activity.
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