Five Points, California, USA
November 1, 2012

The S&W Seed Company (Nasdaq: SANW) Board of Directors is recommending that its shareholders increase the number of shares for potential issuance in the Company's 2009 Equity Incentive Plan by 500,000 shares to 1,250,000 shares. The Proxy Statement filed on October 29, 2012, inadvertently indicated an increase in the Plan to 2,250,000 shares. An amended Proxy Statement was filed with the Securities and Exchange Commission on November 1, 2012 to correct the error and no incorrect proxies have been mailed by S&W's proxy mailing firm. All stockholders of record on October 19, 2012 will receive the notice of meeting and proxy statement filed on November 1, 2012.

As one of a comparatively small number of publicly traded companies in the agricultural industry, the Company believes that the ability to give equity based compensation gives it a competitive advantage over private companies in attracting and retaining key employees. However, the Company believes it maintains a reasonable and conservative policy related to equity awards. The Company's existing plan was adopted in 2009, prior to the Company's IPO, and the proposed increase for fiscal 2013 is the first requested since the plan was initially approved. The Company typically requires multi-year vesting at the time of issuance of equity awards. At this time, employee options outstanding, both vested and unvested, amount in the aggregate to less than 10% of total common shares outstanding.
 

Website: http://www.swseedco.com/

Published: November 1, 2012