Hanford, California, USA
March 2, 2017

S&W Seed Company (Nasdaq: SANW) today announced that it has fully retired its outstanding convertible debentures. The convertible debentures were originally issued in December 2014 in the aggregate principal amount of $27 million, and the net proceeds were partially used to fund our acquisition of DuPont Pioneer's alfalfa seed operations.

Mark Grewal, chief executive officer of S&W Seed Company commented, "We've successfully retired the entire $27 million principal amount of convertible debt over an accelerated 26 month timeframe, demonstrating our ability to execute on our strategic initiatives and continue to drive value for our shareholders. The acquisition of DuPont Pioneer's alfalfa seed program was a transformative development in the history of the company that allowed us to significantly expand our production, distribution and product development capabilities. Additionally, the deleveraging of our balance sheet has added a significant amount of flexibility and strength, which should allow us to decrease our future cost of capital and take advantage of future opportunities."

Matthew Szot, chief financial officer of S&W Seed Company commented, "Over the past 26 months, we have incurred approximately $2.3 million in cash interest expenses associated with the convertible debentures. The retirement of the convertible debt will result in these cash interest savings along with the completion of the amortization of debt discount charges.  Both of these are expected to have a positive impact to the company's financial results going forward."

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

Published: March 2, 2017