Oxnard, California
April 16, 2003

Seminis Inc. (Nasdaq: SMNS), the world's largest developer, producer and marketer of vegetable and fruit seeds, filed yesterday, April 15, on Form 8-K with SEC the following information:

On December 13, 2002, Savia, S.A. de C.V. ("Savia"), Seminis Inc.'s (the Company) majority stockholder, announced that it had entered into a letter of intent with Fox Paine & Company, LLC
("Fox Paine") with respect to a proposed transaction to acquire the outstanding shares of Seminis at a price of $3.40 per share.

Since then, a special committee of the board of directors of the Company, consisting of all of the independent directors, has been reviewing the proposed transaction and engaged in discussions and negotiations with Savia and Fox Paine with respect to the possibility of a transaction and the terms thereof. While discussions have generally been positive, the special committee's consideration and review of the proposed transaction is ongoing. In that regard, the Company has been informed by Savia that Savia has noticed its shareholders for a meeting to be held at the end of this month to authorize the necessary actions to be taken by Savia, assuming a transaction can be agreed upon with the Company.

While there can be no assurance that any transaction ultimately will be approved, negotiations are proceeding on the basis that the Company's public stockholders would receive a price in excess of $3.40 per share. The actual price to be received by the public stockholders will depend on the completion of negotiations and the approval of such transaction by the special committee and the board of directors of the Company. The Company does not expect to have any additional comments with respect to the proposed transaction unless and until a definitive agreement is executed or the proposed transaction is withdrawn.

Seminis Inc. (Nasdaq: SMNS - News) is the largest developer, producer and marketer of vegetable seeds in the world. The company uses seeds as the delivery vehicle for innovative agricultural technology. Its products are designed to reduce the need for agricultural chemicals, increase crop yield, reduce spoilage, offer longer shelf life, create better tasting foods and foods with better nutritional content. Seminis has established a worldwide presence and global distribution network that spans 150 countries and territories.