AB ANNAND & Co Ltd. announces several changes to its business structure - most of which are intended to improve service and add momentum to its seed multiplication business, AB ANNAND Seed Servlces, Ltd. Among these changes are the following.

Firstly, James D Dixon has moved from his job as the ANNAND Research Manager up to the seed company’s General Manager. As such, he is responsible for the operations of the seed multiplication varieties and hybrids owned by ANNAND’s customers. He reports directly to the Company’s Board. James holds an agricutural degree, has many years experience in seed production and possesses a successful record in the business, having led ANNAND’s production research work, and by his knowledge and by example has guided the company’s contract growers very successfully over the past few years.

In addition, AB ANNAND & Co Ltd. has announced the completion of the sale of its pasture seed subsidiary, AGRICOM (New Zealand) Ltd. AGRICOM was purchased by AB ANNAND & Co Ltd. in 1998. The new owners of AGRICOM include past director of AB ANNAND & Co Ltd, John D McKenzie - who with this deal is no longer associated with the ANNAND companies. The sale concentrates ANNAND on providing professional, New Zealand-based seed multiplication services for its customers’ vegetable varieties and hybrids.

Finally, long-serving vegetable seeds manager Ross AB Annand has decided to retire from the day-to-day. Ross has worked in the family company since1982, and with the company under its new owner, Jay R Scanlon, since 1997. Ross will remain involved as an outside director of the AB ANNAND Seed Services, Ltd., and a guiding force upon its expansion of markets and services.