DEVGEN : receives a tender offer from Syngenta of €16 per share for all outstanding shares

Regulated information

Subject to review of the final bid prospectus, the board of directors of Devgen supports the offer. The offer price of €16 per share represents a premium of 70% to Devgen's closing price on NYSE Euronext Brussels as of 20 September 2012.
The board will provide its formal response to the proposed takeover bid in a memorandum which it will issue in due course in accordance with the applicable legal provisions. The availability of the prospectus and the board's memorandum will be announced, after the approval by the FSMA, via a press release and the company's website.

Thierry Bogaert, CEO of Devgen, said: "This offer further confirms the value and achievements of Devgen's R&D, breeding and commercial activities in Belgium, Singapore, India, the Philippines and Indonesia. I congratulate the team that built Devgen, by discovering new chemical and biotech crop protection solutions, by pioneering the next generation of hybrid rice and by building seed businesses in India and Southeast Asia. Devgen's staff and management are committed to make this new opportunity a success and will be instrumental to leverage our proprietary technologies and products across Syngenta's global platforms, one of the leading players in the agro-industry."

The offer is contingent upon the fulfillment of certain customary conditions, including receipt of acceptances in respect of at least 80% of the shares that are subject to the offer and the condition that Devgen does not suffer a material adverse change before the results of the offer are published.
KBC Securities is acting as sole financial advisor to Devgen in this transaction.

Devgen is a leading agro-biotech company that innovates in crop protection research, environment induced stress tolerance and advanced plant breeding and trait technologies. Devgen's seed business is shaping the field of hybrid rice in India and Southeast Asia and helps farmers meet the
productivity increases needed to grow more food on less land using fewer inputs. www.devgen.com
Incorporated in 1997, Devgen has offices in Ghent (Belgium), and has subsidiaries in Singapore, Hyderabad (India), Yogyakarta (Indonesia), General Santos (the Philippines) and Delaware (US),
totaling over 250 staff.

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For more information please contact:
Thierry Bogaert, CEO Toon Musschoot, Communication and Investor Relations
Tel. +32 9 324 24 24 Tel. +32 9 324 24 41 thierry.bogaert@devgen.com toon.musschoot@devgen.comwww.devgen.com

This press release may contain forward-looking statements containing the words "anticipates", "expects", "intends", "plans", "estimates", "may" and "continues" as well as similar expressions. Such forward looking statements may involve known and unknown risks, uncertainties and other factors which might cause the actual results, performance or achievements of Devgen to be materially different from any future results or achievements expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, among others: agricultural risks and difficulties, including weather factors, diseases and pests, the costs and requirements of regulatory compliance and the speed with which approvals are received; public acceptance of biotechnology products; political, economic and social developments in countries where Devgen operates and other risks and factors detailed in the company's most recent annual report.

These forward looking statements speak only as of the date of publication of this document. Devgen disclaims any obligation to update such forward looking statements in this document to reflect any change in its expectations, conditions or circumstances on which such statement is based, unless required by law or regulation. This document does not constitute, or form part of, any offer or invitation to sell or issue, or any

solicitation of any offer, to purchase or subscribe for any securities issued by Devgen nv.

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