New Brunswick, New Jersey
November 20,  2001

Senesco Technologies, Inc. ("Senesco" or the "Company")(OTC BB: SENO), announced today that it has signed a worldwide exclusive license with Harris Moran Seed Company ("Harris Moran") to commercialize Senesco's technology in lettuce and melons.

Upon successful achievement of milestones, the license provides that Senesco will receive $4 million in development payments over a multi-year period along with royalties upon commercial introduction.

Harris Moran is a unit of Groupe Limagrain, a world leader in vegetable and field seed breeding and production, with total revenues in excess of $1 billion. Harris Moran breeds innovative vegetable varieties designed to boost yield, reduce chemical inputs, and increase flavor and product quality. The Modesto, California based company distributes vegetable seeds in more than 65 countries.

Bruno Carette, President and Chief Operating Officer of Harris Moran commented, "Harris Moran is very excited about Senesco's technology. By increasing yield and resistance to environmental stress in leafy plants, without reliance on transgenic or GMO techniques, Senesco has presented Harris Moran with technology that fits perfectly with our commercialization strategy. We anticipate field tests of new products as early as 2003, which we believe is possible due to the many beneficial features of Senesco's technology."

Bruce Galton, President and Chief Executive Officer of Senesco stated, "This agreement represents an important milestone for Senesco, as it is our first agreement in the seed industry. While completing discussions on the license agreement, we have continued to work closely with Harris Moran to advance the use of Senesco's technology in lettuce and melon seeds. This cooperation will enable Harris Moran to adhere to the original timeline for benchmark dates and to maintain the targeted field test date in 2003. We look forward to a highly constructive collaboration with Harris Moran to help them to further advance these products."

Senesco is a functional genomics company whose mission is to enhance the quality and productivity of fruits, flowers, vegetables and agronomic crops through the control of senescence (aging) in plants. Results to date include longer shelf life of perishable produce, increased seed and biomass yield, and greater tolerance to environmental stress. The Company is based in New Brunswick, New Jersey.

Consistent with the Company's commercialization strategy, Senesco is engaged in discussions with several companies interested in entering into licensing agreements and strategic relationships for the use of the Company's technology.

Company news release
N3967