Five Points, California, USA
May 2, 2013

S&W Seed Company (Nasdaq: SANW, SANWZ) today announced that a total of 1,372,541, or 98.0%, of its outstanding Class A warrants (the "Class A Warrants") were exercised prior to their expiration at 5:00 pm Pacific time on April 29, 2013. As a result of the exercise of the Class A Warrants, S&W received gross proceeds of approximately $9.81 million and issued a total of 1,372,541 shares of Common Stock.

On March 12, 2013, S&W announced its notice of redemption of all outstanding Class A Warrants. Each Class A Warrant was exercisable for a single share of S&W's common stock at an exercise price of $7.15. The 27,359 remaining Class A Warrants that were not exercised by the April 29, 2013 deadline will now be redeemed by the company for a price of $0.25 each, for an aggregate redemption cost to S&W of $6,840. There are no remaining Class A Warrants outstanding.

Following the redemption of the Class A Warrants, 11,584,603 shares of S&W's common stock are issued and outstanding.

Founded in 1980, S&W Seed Company is a global agricultural company, headquartered in the Central Valley of California. The company is the largest producer of non-dormant alfalfa seed varieties in the world, with production operations in the San Joaquin and Imperial Valley's of California, as well as in South Australia. The company has worldwide sales and distribution through both a direct sales force as well as dealer-distributors. The company's proprietary varieties are designed to meet the shifting needs of farmers that require high performance in poor and highly saline soil conditions and have been verified over decades of university-sponsored trials. Additionally, the company is utilizing its research and breeding expertise to develop and produce U.S.-based stevia leaf. Stevia is an all-natural, zero calorie sweetener from the food and beverage industry.

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

Published: May 2, 2013