BEIJING, CHINA–( EMWNews – April 7, 2008) – Agria Corporation (NYSE: GRO) (the “Company”

or “Agria”), an innovative China-based agri-solutions provider, today

announced the resignation of Zhixin (Frank) Xue from his positions at the

Company, effective April 1, 2008. Prior to his resignation, Mr. Xue had

served as the Company’s chief operating officer (“COO”) since June 2007 and

as a director since August 2007. Mr. Xue will remain as the chairman and

authorized legal representative of Primalights III Agriculture Development,

Co., Ltd. (“P3A”), Agria’s primary operating entity in China. Mr. Xue has

indicated his intention to continue working with Agria in further

developing P3A’s business.

On March 26, 2008, Mr. Xue informed the Company’s Board of Directors (the

“Board”) that he intended to resign from his positions at the Company.

Under the Company’s corporate governance guidelines, the Board may accept

or reject the resignation request of any director and/or officer. The

Board rejected Mr. Xue’s resignation request on March 31, 2008 and gave Mr.

Xue 24 hours to make a final decision. Mr. Xue did not respond to the

Board within 24 hours. Consequently, effective April 1, 2008, Mr. Xue

ceased to be the COO and a director of the Company.

Mr. Xue is also the chairman and authorized legal representative of P3A and

has been primarily responsible for the management of P3A’s operations since

its inception in 2000. Mr. Xue’s positions at P3A remain unchanged.

The Board will begin the process of considering candidates to fill the COO

position. There is no assurance that the Company will be able to find a

qualified COO easily or at all or that upon recruiting a new COO, such

person will be able to work with members of P3A management effectively and

successfully. In addition, if Mr. Xue and/or other management personnel of

P3A decide to resign from P3A in the future as a result of the conditions

set forth by the Special Committee (as described below) or otherwise, the

loss of their services in the absence of suitable replacements would have a

material adverse effect on the Company’s business, financial condition and

results of operations. In such an event, the Company would also incur

additional expenses to recruit and train new personnel.

Separately, the Company’s independent auditors have been unable to begin

their audit of the Company’s financial statements for 2007. Given the

substantial delay in the commencement of the audit process, there is a risk

that the Company may not be able to file its Annual Report on Form 20-F for

the fiscal year ended December 31, 2007 by June 30, 2008. The Company is

retracting its prior guidance for the fourth quarter of 2007 and first

quarter and full year of 2008 as provided in a press release on February

25, 2008.

I. P3A

P3A is a consolidated affiliate of the Company which conducts Agria’s corn

seed, sheep breeding and seedling businesses and holds the requisite

licenses and permits for these businesses in China. P3A has four record

shareholders, consisting of Ms. Juan Li who is the wife of Mr. Guanglin

(Alan) Lai, Agria’s chairman and co-CEO, and Mr. Zhaohua (Paul) Qian, a

director of Agria, who together hold 70% of the equity interests of P3A, as

well as Mr. Xue and Mr. Mingshe Zhang who has been involved in the

management of P3A, who together hold 30% of the equity interests of P3A.

Agria’s relationship with P3A and its shareholders is governed by the

contractual arrangements entered into between Agria’s wholly-owned

subsidiary in China and P3A and its shareholders. These contractual

arrangements enable Agria to effectively control P3A and receive

substantially all of P3A’s earnings and other economic benefits to the

extent permissible under PRC law. The Company believes that the

contractual arrangements entered into between Agria’s wholly-owned

subsidiary in China and P3A and its equity shareholders are substantially

similar to the contractual arrangements entered into by other China-based

companies listed on U.S. stock exchanges engaged in businesses subject to

restrictions on or prohibitions of foreign ownership in China. The Company

relies on all of P3A’s shareholders to abide by the contract laws of China

and honor their contracts with the Company. There is a risk that one or

more of the shareholders of P3A may breach the existing contractual

arrangements with the Company and not act in the best interests of the

Company. If the Company cannot resolve any conflicts of interest between

itself and any shareholder of P3A or if any shareholder breaches the

existing contracts with the Company, the Company would have to resort to

legal proceedings against such shareholder, which may result in disruption

to the Company’s business. There is also substantial uncertainty as to the

outcome of any such legal proceedings.

II. Background of Resignation

In late January 2008, the Board learned that Mr. Lai and Mr. Xue had been

discussing payment of $18 million in cash and transfer of shares (which

represent 22% of the Company) owned by Brothers Capital Limited (“BCL”) to

Mr. Xue and certain members of P3A management designated by Mr. Xue,

including Mingshe Zhang, Lv Yan and Zhonglin Han, to be commensurate with

their contribution to the Company and to provide equity incentive for their

continuing service. BCL is solely owned by Mr. Guanglin (Alan) Lai, who is

the husband of Ms. Juan Li. The payment of cash and transfer of shares by

BCL to Mr. Xue and members of P3A management team is referred to in this

disclosure as the “proposed transaction.” Mr. Lai informed the Board that

he would cause BCL to make the cash payment and transfer the shares,

provided that Mr. Xue and members of P3A management would satisfy the

conditions established by the Board for purposes of ensuring P3A

management’s continuing service and reinforcing the Company’s control over

P3A. Mr. Lai informed the Board that he believed the proposed payment by

BCL to Mr. Xue and members of P3A management team would provide incentive

for their continuing service and align their interests with those of the

shareholders of the Company. The Board was concerned about the potential

adverse impact of the proposed transaction on the Company’s business,

financial condition and results of operations, as well as whether a similar

situation may occur in the future. On February 4, 2008, the Board approved

a payment of $9 million by BCL to Mr. Xue and agreed to consider the

proposed transaction at a board meeting to be held in the near future. The

Board also agreed to consider the payment of the remaining $9 million by

BCL to Mr. Xue within 30 days after February 4, 2008 if certain conditions

were met.

At a subsequent meeting in February 2008, the Board formed a Special

Committee comprised of non-executive directors to evaluate the proposed

transaction and set forth conditions to be met by Mr. Xue and members of

P3A management team before the cash and shares from BCL would be released.

At the same meeting, BCL agreed to deposit the remaining cash and shares

into an escrow account administered by a third-party banking institution.

While the Special Committee was in the process of evaluating the proposed

transaction, on March 5, 2008, Mr. Xue informed the Board that he intended

to resign from his positions as the Company’s COO and director because he

did not receive any response from the Special Committee and did not believe

the Board or the Special Committee had the ability to resolve all important

matters of the Company. The English translation of Mr. Xue’s e-mail to the

Board is attached hereto as Exhibit A and is incorporated by reference

herein. In accordance with the Company’s corporate governance guidelines,

the Board may accept or reject Mr. Xue’s resignation request. Accordingly,

on March 7, 2008, the Board rejected Mr. Xue’s resignation request. Mr.

Xue agreed with the Board’s decision and withdrew his resignation request

on March 8, 2008. Meanwhile, Mr. Xue requested that the proposed

transaction between BCL and Mr. Xue and members of P3A management be

consummated in the near future.

III. Resignation

In March 2008, the Special Committee was actively discussing and finalizing

the terms of the escrow agreement with BCL and considering and discussing

the conditions to be met by Mr. Xue and members of P3A management team. On

March 25, 2008, Mr. Xue asked the Board and the Special Committee about the

status of the escrow account. On March 26, 2008, Mr. Xue missed the e-mail

update regarding the status of the escrow account from the Special

Committee and sent his resignation request via e-mail to the Board. In his

e-mail to the Board, Mr. Xue indicated that he was disappointed with the

fact that he had not received any written explanation from the Special

Committee regarding the proposed transaction, and that he had not seen any

concrete measures to ensure the consummation of the proposed transaction.

At the request of the Special Committee, BCL placed the additional $9

million in cash and a signed blank share transfer form to transfer a total

of 27,808,000 ordinary shares representing 22% of the total issued and

outstanding shares of the Company, into the escrow account on March 27,

2008. Under the escrow agreement entered into between BCL and the escrow

agent, an independent third party, the escrow account will automatically

terminate on the earlier of June 16, 2008, or at any time prior to June 16,

2008, upon written instructions from at least a majority of the Special

Committee members, and only the Special Committee members may authorize the

escrow agent to release the escrowed cash and share transfer form before

the escrow account terminates. A copy of the escrow agreement will be

filed as an exhibit to Form 6-K containing this announcement and be

incorporated by reference therein. The escrow agreement is expected to be

amended to extend the final termination date to June 20, 2008. On March

31, 2008, the Board informed Mr. Xue of its decision to reject Mr. Xue’s

resignation request in accordance with the Company’s corporate governance

guidelines and gave Mr. Xue 24 hours to make a final decision. Mr. Xue did

not respond to the Board within 24 hours and therefore, Mr. Xue ceased to

be the chief operating officer and a director of the Company on April 1,

2008. The English translation of Mr. Xue’s e-mail to the Board is attached

hereto as Exhibit B and is incorporated by reference herein. Mr. Xue was

provided a copy of this press release.

IV. Other Events

The Special Committee will continue to discuss conditions to be met by Mr.

Xue and other members of the P3A management team before the proposed

transaction can be consummated. Payment of cash and/or shares by BCL to

Mr. Xue and members of P3A management as compensation and incentive for

their past and continuing services in connection with the proposed

transaction will likely result in material compensation charges to the

Company in the period in which the payment is made. However, these

compensation charges are expected to be non-cash charges and non-dilutive

to shareholders since the payment would be made by BCL, a major shareholder

of the Company.

List of Exhibits

Exhibit A:     Mr. Xue's E-mail to the Board on March 5, 2008

Exhibit B:     Mr. Xue's E-mail to the Board on March 26, 2008

About Agria Corporation

Agria Corporation (NYSE: GRO) is an innovative China-based agri-solutions

provider focusing on research and development, production and distribution

of three different types of upstream agricultural products. Its diversified

portfolio of products comprises corn seeds, sheep breeding and seedlings,

including proprietary products developed through its own research and

development capability. The company has access to approximately 27,000

acres of farmland in seven provinces and its extensive distribution network

provides direct or third party distribution in 14 provinces. For more

information about Agria Corporation, please visit www.agriacorp.com.

Safe Harbor Statement:

This announcement contains forward-looking statements. These statements are

made under the “safe harbor” provisions of the U.S. Private Securities

Litigation Reform Act of 1995. These forward-looking statements can be

identified by terminology such as “will,” “expects,” “anticipates,”

“future,” “intends,” “plans,” “believes,” “estimates,” “confident” and

similar statements. Agria may also make written or oral forward-looking

statements in its periodic reports to the U.S. Securities and Exchange

Commission on Forms 20-F and 6-K, etc., in its annual report to

shareholders, in press releases and other written materials and in oral

statements made by its officers, directors or employees to third parties.

Statements that are not historical facts, including statements about

Agria’s beliefs and expectations, are forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties. A

number of important factors could cause actual results to differ materially

from those contained in any forward-looking statement. Potential risks and

uncertainties include, but are not limited to, those risks outlined in

Agria’s filings with the U.S. Securities and Exchange Commission, including

its Form F-1/A filed on November 2, 2007. All information provided in this

press release is as of April 7, 2008, and Agria does not undertake any

obligation to update any forward-looking statement, except as required

under applicable law.

Exhibit A

English Translation

Resignation Letter

Chairman, Directors and CEO,

Up to today (March 5, 2008), the Shanxi team have overcome many

difficulties and fully fulfilled its responsibilities in accordance with

the requirements of the Board of Directors. In the meantime, the Board of

Agria has neither substantively or effectively enforced its decision made

at the February 4, 2008 meeting involving the substantial interest of the

Company nor fulfilled its promise with the binding timeline. The result of

the above facts fully indicates that it has lost the trust of the Shanxi

team, and also inevitably makes people question the seriousness of its

decision and its ability to resolve all important internal and

external matters of the Company.

Based on the facts including but not limited to the above, I also

personally do not think that the current composition of the Board is

reasonable, could effectively strengthen the Company’s corporate governance

or has the ability to make independent judgment, which makes it unable to

fully protect the ultimate interests of the Company and all shareholders.

As a result, I have requested many times orally or in writing to

restructure the Board of Agria.

After thorough and careful consideration, I have no reason to persuade

myself to continue to serve as the director and senior management of the

Company. In light of this, I hereby resign my position as the director and

the COO of Agria, effective today, for which I only express my deep regret.

I hereby once again thank you everyone for your past cooperation and

support at work.

Best regards,

Zhixin Xue

March 5, 2008

Exhibit B

English Translation

Chairman, Directors and CEO,

The March 25 deadline for Agria’s Board of Directors and the Special

Committee to solve the problem regarding the share and cash transfer to P3A

team has passed. I didn’t receive any formal written explanation from the

Board or the Special Committee before such deadline as to why the promise

wasn’t fulfilled, nor did I receive any legally binding protection measures

relating to the share and cash transfer under these circumstances. I am

deeply disappointed with this. In the meantime, I have no doubt that

Agria’s Board needs to be restructured in order to strengthen the Company’s

corporate governance. I submitted my resignation request to the Board on

March 5, 2008, but subsequently temporarily withdrew the resignation out of

my respect for the Board and good wishes toward Agria. Now that the

established facts have convinced me that my previous resignation was a

right decision. After careful consideration, I hereby announce that I

resign my position as the director and the COO of Agria, effective

immediately.

Best regards,

Zhixin Xue

March 26, 2008

Contacts: In China: Matt Feng Investor Relations China Tel: 86 10 8785-9020 [email protected] In the U.S.: David Pasquale Senior Vice President U.S. Tel: +914-337-1117 [email protected]