NEWS

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NEWS

The Andersons, Bunge Corporation, IMC Global, Louis Dreyfus Group announced as key strategic investors in Rooster.com
Bloomington, Minnesota
November 2, 2000

The momentum continues to grow with today's announcement that The Andersons, Inc. (Nasdaq: ANDE), Bunge Corporation, IMC Global Inc. (NYSE: IGL) and Louis Dreyfus Group have become strategic investors in Rooster.com(SM), agriculture's leading e-business network.

"The addition of this group of diverse investors reinforces the direction that we are taking in building an open, unbiased marketplace,'' explains Gary Carlson, president and chief executive officer of Rooster.com. "It also dramatically moves us closer to our goal of facilitating relationships that deliver value-added solutions to participants across the agricultural community.''

Rooster.com offers dealers, distributors and elevators a simple, turnkey approach to support
traditional business relationships online, with all the advantages of being in a high-traffic electronic
agricultural marketplace. Through its innovative eBusiness Center concept, Rooster.com offers
dealers and distributors the opportunity to build their own e-business solutions while enhancing their customer interface.

"The breadth and expertise of these new partners dramatically enhance Rooster.com,'' Carlson
says. "The Andersons is a major distributor of crop nutrients to dealers and has a significant
farm-gate crop marketing presence that will help Rooster.com develop localized solutions for the
agricultural community. Bunge's vast knowledge of global markets for food and feed will help ensure our systems meet the needs of processors, millers and bakers. Louis Dreyfus' international scope will help Rooster.com develop its international expansion. IMC Global, the premier fertilizer company in the world, will help Rooster.com build our capabilities for supporting the fertilizer and animal feed segments.''

Mike Anderson, president and chief executive officer of The Andersons, Inc., says the investment in Rooster.com reflects the company's desire to play a major role in the development of e-commerce in U.S. agriculture. "The Andersons has a history of innovation. We're excited about the opportunity to participate in, and have an influence on, the electronic marketplace. Based on our analysis, we believe Rooster.com is positioned to be the premier agricultural e-business model, and we want to be part of it,'' says Anderson. "This e-commerce investment will enhance our efforts to maximize value for our customers and shareholders.''

"Following an exhaustive review of a number of Web-based technologies designed to support the
efforts of U.S. producers to remain competitive in the global marketplace, Bunge came to the
conclusion that Rooster.com offers the best opportunity for our producer-customers to harness the Web in order to enhance the value of their production,'' says John Klein, president and chief
executive officer of Bunge Corporation.

"Our Rooster.com partnership fits well with our key objectives to establish e-commerce programs
throughout our value chain by early 2001 to enhance customer service, achieve higher levels of
efficiency and strengthen procurement ties to our major suppliers,'' says Larry L. Shoemake, vice
president of shared services and e-commerce for IMC Global. "This investment demonstrates our
alignment with the right business partners in the fast-growing electronic B2B segment to add
shareholder and customer value, further leverage the strength and high recognition level of the IMC
brand name, and reinforce our overall industry leadership. Rooster.com will be a strong,
complementary avenue to IMC's own e-connections for our current domestic fertilizer and animal
feed customers to conduct business more easily with us. As an innovative and neutral exchange site for the entire supply chain, Rooster.com is the most comprehensive agribusiness e-business model in the marketplace today with an investor base of the leading companies in the agricultural industry.''

Bruce Ritter, executive vice president for Louis Dreyfus Corp., says, "Louis Dreyfus believes
utilizing the right Internet platform will allow us to better serve the needs of our business partners.
We recognize Rooster.com as the leading agricultural e-business site in North America. It is only
natural, given our business goals, for Louis Dreyfus to work with and invest in Rooster.com to
ensure that we can efficiently provide value-added services to that segment of the market.''

Morgan Stanley Dean Witter is providing financing and advisory service to Rooster.com as it
actively pursues additional industry partners.

The Andersons, Inc. is a respected leader and prominent regional player in grain merchandising. Its strong position in this basic business has allowed the company to diversify into other agribusiness operations, railcar leasing, turf care product manufacturing and distribution, and general merchandise retailing. The company has been in operation since 1947. The Andersons, Inc. is located on the Internet at http://www.andersonsinc.com 

Bunge Corporation, the North American operating arm of Bunge International Limited, is a vertically integrated food and feed ingredient company, supplying raw and processed agricultural commodities and specialized food ingredients to a wide range of customers in the livestock, poultry, food processor, foodservice and bakery industries. With headquarters in St. Louis, Mo., Bunge Corporation operates grain elevators, grain and oilseed processing plants, edible oil refineries and food processing facilities in the United States, Canada and Mexico.

IMC Global is the world's largest producer and marketer of concentrated phosphates and potash
fertilizers for the agricultural industry. With 1999 revenues and gross cash flow of $2.4 billion and
$659.0 million, respectively, IMC also is a leading global producer and seller of feed ingredients for the animal nutrition industry and the world's third-largest manufacturer of salt for a wide range of applications. For more information, visit IMC Global's Web site at http://www.imcglobal.com.

The Louis Dreyfus Group, based in Paris, has been an innovative leader in international commodity markets for 150 years. It provides value-added services to both producer and buyer, moving agricultural products from the farmer to the consumer in an efficient and effective way. Diversified activities of the Group include processing, manufacturing, shipping, real estate development and telecommunications. For more information, visit the Louis Dreyfus Web site at
http://www.LouisDreyfus.com

Rooster.com is an online "click and mortar'' marketplace for the agricultural community, where
producers can utilize the Internet to market their crops and buy their seed, fertilizer, crop protection products, equipment and other supplies. Available 24 hours a day, seven days a week, Rooster.com provides a one-stop shop connecting producers, dealers and manufacturers with new marketing opportunities. Rooster.com is an independent company headquartered in Bloomington, Minn. For more information, please register online at http://www.rooster.com or call 877-865-2531. 

Company news release
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