SALES ON SEPTEMBER 30, 2020 - Seite 3

§  For the coming commercial spring campaign, procurement of corn seeds is nearly complete, both in Europe and North America. It has been marked by difficulties for certain European and North American production because of the weather conditions. Their impacts will be covered by the use of safety inventories.

On the basis of the above, Vilmorin & Cie reaffirms its objective to increase its Field Seeds sales for fiscal year 2020-2021, with growth of at least 3% on a like-for-like basis compared with the previous fiscal year.

OUTLOOK FOR 2020-2021: CONFIRMATION OF OBJECTIVES FOR BUSINESS GROWTH OF AT LEAST 3%⁽¹⁾ AND OF A CURRENT OPERATING MARGIN RATE OF CLOSE TO 8%

⁽¹⁾ On a like-for-like basis

Consolidated sales for the first quarter in recent years have represented on average around 15% of sales for the year.

Fiscal year 2020-2021 should allow Vilmorin & Cie to continue to strengthen its competitive positions, confirming the resilience of its business in market conditions that will very probably still lack visibility, as a result of the likely continuation of the global health crisis.

In this context, and on the basis of business figures at the end of this first quarter, Vilmorin & Cie can confirm its objectives in terms of sales and current operating margin for fiscal year 2020-2021. These objectives correspond to an increase in consolidated sales of at least 3% on a like-for-like basis, and a current operating margin rate of close to 8%, including research investment which should be higher than 265 million euros.

Finally, Vilmorin & Cie is aiming for a contribution from its associated companies – mainly AgReliant (North America. Field Seeds), Seed Co (Africa. Field Seeds) and AGT (Australia. Field Seeds) of around 22 million euros.

PREPARATION OF THE JOINT ANNUAL GENERAL MEETING FOR 2020

The preparatory documents for the Joint Annual General Meeting of Shareholders to be held on December 11, 2020 can be consulted in French on the company’s website (www.vilmorincie.com, section "Publications", then "Assemblée Générale” and “Documents préparatoires à l’Assemblée Générale”) or requested from the Corporate Finance Department.

As a result of the health crisis, and in compliance with the measures taken by the French government, the Joint Annual General Meeting of December 11, 2020 will be held exceptionally in camera, without the physical presence of the shareholders. Nevertheless, shareholders will be able to follow the proceedings of the Annual General Meeting by teleconference, in accordance with the conditions presented in the notice to attend, and on the Vilmorin & Cie website (www.vilmorincie.com, in the section "Publications", then "Assemblée Générale”).