Slagelse, Denmark
August 4, 2008

The board of Westrup A/S in Slagelse is pleased to announce that as of 1st September 2008 Mr. Peter Thorn has been employed as the new CEO of the company.

Mr. Peter Thorn is 41 years old and is educated as an agronomist. He is leaving a position as European sales executive for all after market sales at the American group AGCO, a company selling and manufacturing a wide range of agricultural equipment like Massey Ferguson, Valtra, and Fendt.

Mr. Peter Thorn succeeds Mr. Mogens Dahl-Nielsen as CEO for Westrup A/S.

In February 2008, John Fowler India Pvt. Ltd. took over all shares in Westrup A/S, as Mr. Mogens Dahl-Nielsen chose to sell his remaining 50% block of shares. In connection with the sale, Mr. Mogens Dahl-Nielsen wanted to leave the post as CEO for Westrup A/S. Mr. Mogens Dahl-Nielsen will, however, continue his work as deputy chairman of the board and as a consultant for the company with the aim of expanding the activities of the group.

Westrup A/S is known worldwide as one of the leading manufacturers of key machines and processing lines for seed and grain conditioning. The company also has activities within other industrial segments. The equipment is distributed through associated companies and joint ventures in Sweden, UK, Germany France, Australia, Hungary, United States, and India including a global net of distributors. The Westrup group comploys about 175 people and had a turnover of 163 million DKK in 2007.

As mentioned above, Westrup A/S is now fully owned by John Fowler India Pvt. Ltd., which is owned by the Barwale family. In 1964 Mr.. B.R. Barwale founded the group Maharashtra Hybrid Seeds Co. Ltd., also known as Mahyco, which is a global company within seed production with their base in India.

Westrup website: www.westrup.com

Website: http://www.seedquest.com/_yp/w/Westrup.htm

Published: August 4, 2008