Ann: GENERAL: NFF: Class action - amended settlem

• Release Date: 27/11/12 16:48
• Summary: GENERAL: NFF: Class action - amended settlement proposal
• Price Sensitive: No
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NFF
27/11/2012 14:48
GENERAL

REL: 1448 HRS Nufarm Finance (NZ) Limited

GENERAL: NFF: Class action - amended settlement proposal

Nufarm Limited announced today that the Federal Court (Victorian Registry)
will be asked tomorrow to give final approval to a settlement of the class
action brought against the company by Maurice Blackburn and Slater & Gordon
in early 2011. The settlement agreement has been amended to cover an
expanded number of claims, with Nufarm agreeing to pay a total of $46.6
million (previously $43.5 million).

The previous proposal was subject to several conditions including a process
whereby claims had to be registered and assessed.  That process has resulted
in a higher number of claims than was previously anticipated.

All parties have now agreed with the revised settlement and it will be
considered by the court at a hearing in Melbourne tomorrow.

The company is hopeful of the matter being finalised so that it can continue
to focus on the business.

-- end --

Further information: Robert Reis
   [email protected]
   Corporate Affairs
   * (61 3) 9282 1177
End CA:00230281 For:NFF    Type:GENERAL    Time:2012-11-27 14:48:28