Nufarm Limited Market Update

Nufarm Limited announced that preliminary and unaudited analysis of 2010 year end results confirms that the net operating profit for the company will be within the $55 million - $65 million range indicated by management in its July 14 market update.

Net debt at July 31 will be approximately $620 million, which is higher than the estimate provided on July 14 (approximately $450 million). The higher debt is attributable to increased working capital levels at July 31 mainly due to higher than anticipated receivables. July sales were largely in line with company expectations but the collection of cash associated with those sales – and the majority of sales made in June – will not occur until after the end of the financial year.

The audited results for the 12 months ending July 31, 2010, will be released on September 28.

Nufarm also confirmed today that it continues to make positive progress in relation to securing a waiver from its banking group over the various covenants that govern existing banking facilities.

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