Ann: GENERAL: NFF: Sale of Nufarm shares by Doug

• Release Date: 31/01/14 12:29
• Summary: GENERAL: NFF: Sale of Nufarm shares by Doug Rathbone
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					NFF
31/01/2014 10:29
GENERAL

REL: 1029 HRS Nufarm Finance (NZ) Limited

GENERAL: NFF: Sale of Nufarm shares by Doug Rathbone

COMPANY ANNOUNCEMENT
31 January, 2014

Sale of Nufarm shares by Doug Rathbone

Nufarm's Managing Director and CEO, Doug Rathbone, today announced that he
has sold the majority of his shareholding in the Company and entered into a
derivative transaction with respect to a portion of the remaining shares held
by him and his associated family entities.

The purpose of the sale and derivative transactions is to complete the
refinancing of Mr Rathbone's personal and family business interests at the
request of Mr Rathbone's primary financier.

Mr Rathbone has sold a total of 8,382,940 Nufarm shares at $3.80 per share
(representing approximately 3.18% of the Company's issued share capital)
under a bookbuild process managed and underwritten by Credit Suisse
(Australia) Limited.

Following the sale, Mr Rathbone and his associated family entities will hold
a beneficial interest in 3,348,241 shares (being 1.27% of Nufarm's issued
capital).  Mr Rathbone has entered into a 'collar' derivative transaction
involving 2,854,288 shares.  Under the terms of the collar, Mr Rathbone will
remain the beneficial owner of the shares and will retain material potential
capital growth in the value of Nufarm shares.  There are no price triggers
associated with the derivative that could result in margin calls.  In order
to hedge the collar Credit Suisse International has sold 2,283,430 shares at
the same sale price.

Mr Rathbone said: "I am pleased to have resolved the refinancing of my
personal and family business obligations after having explored a range of
alternatives over several years.

"Having devoted more than 30 years to help build Nufarm into a leading global
crop protection company, I maintain a strong commitment to the Nufarm
business and will continue to devote my full attention to the leadership of
the Company."

An Appendix 3Y will be lodged in respect of Mr Rathbone's transactions in
Nufarm shares.

-- end --

Further information: Robert Reis
   [email protected]
   Corporate Affairs
   * (61 3) 9282 1177
End CA:00246549 For:NFF    Type:GENERAL    Time:2014-01-31 10:29:00