Press Release and IR

ChemChina extends public tender offers for Syngenta

Beijing, China, December 20, 2016 – China National Chemical Corporation ("ChemChina") announced today that it has extended the tender offers to purchase all publicly held registered shares ("Common Shares") of Syngenta AG ("Syngenta") and all outstanding American De- positary Shares representing Common Shares ("ADSs") until March 2, 2017, unless further extended. 

As previously stated, extensions to the tender offers are expected to occur until all conditions to the offers are satisfied, including obtaining all applicable regulatory approvals. All of the other terms and conditions of the tender offers remain unchanged. ChemChina is aiming to obtain the remaining outstanding regulatory approvals in the first quarter of 2017. 

On February 3, 2016, ChemChina announced its agreement with Syngenta to acquire Syn- genta through a public tender offer for all publicly held Common Shares pursuant to Swiss tender offer rules (the "Swiss Offer") and a public tender offer for Common Shares held by U.S. holders and all outstanding ADSs pursuant to U.S. tender offer rules (the "U.S. Offer"). Taking into account the previous extensions, the last one having been announced on Novem- ber 1, 2016, the Swiss Offer was previously scheduled to expire at 4:00 p.m. CET, on Janu- ary 5, 2017 and the U.S. Offer was previously scheduled to expire at 10:00 a.m., New York City time, on January 5, 2017. ChemChina has extended the Swiss Offer until 4:00 p.m. CET, on March 2, 2017 and extended the U.S. Offer until 10:00 a.m., New York City time, on March 2, 2017, in each case, unless further extended. As of 5:00 p.m., New York City time, on December 16, 2016, approximately 19,222,302 Common Shares (including those represented by ADSs) had been validly tendered in, and not withdrawn from, the Offers. 

According to the decision of the Swiss Takeover Board dated October 31, 2016, the timeframe for further extensions of the offer period to accommodate the ongoing regulatory proceedings has been extended until April 28, 2017, subject to the offeror applying for further extensions of such timeframe. Within such timeframes, the tender offers may be extended once or several times, in each case by up to 40 trading days as per the trading calendar of the SIX Swiss Exchange, until all offer conditions except the minimum acceptance rate have been satisfied. Once all offer conditions except the minimum acceptance rate have been satisfied (and sub- ject to the offeror's rights under the Swiss Offer and the U.S. Offer documents), a final exten- sion of the offers by up to 20 trading days will be announced. After the expiration of the offer period (as extended) and if the Swiss Offer is declared successful, an additional acceptance period of 10 trading days will be announced for the tender offers. Further adjustments may become necessary to align the timelines of the Swiss and the U.S. offer periods.

For further assistance in connection with the Swiss Offer and/or additional information on how to accept the Swiss Offer, Syngenta shareholders may contact the information agent Georgeson at 00 800 3813 3813 (toll free) or +44 117 378 5186 (direct dial) or by email at chemchinaoffer4syngenta@georgeson.com. For further assistance in connection with the U.S. Offer and/or additional information on how to accept the U.S. Offer, Syngenta shareholders may contact the U.S. information agent Georgeson at its address at 480 Washington Boule- vard, 26th Floor, Jersey City, New Jersey, 07310, or at the toll-free number for holders of se- curities at +1 (866) 431-2096 or by email at syngentaoffer@georgeson.com

About Syngenta

Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, its 28,000 people in over 90 countries are working to transform how crops are grown. Syngenta is committed to rescuing land from degradation, enhancing biodi- versity and revitalizing rural communities. To learn more visit www.syngenta.com and www.goodgrowthplan.com. Follow Syngenta on Twitter® at www.twitter.com/Syngenta

About ChemChina

ChemChina, which is headquartered in Beijing, China, possesses production, R&D and mar- keting systems in 150 countries and regions. It is the largest chemical corporation in China, and occupies the 234th position among the Fortune Global 500. The company’s main busi- nesses include materials science, life science, high-end manufacturing and basic chemicals, among others. Previously, ChemChina has successfully acquired 9 leading industrial compa- nies in France, United Kingdom, Israel, Italy and Germany, etc. To learn more visit www.chemchina.com and www.chemchina.com/press

Additional information and where to find it

This press release is for informational purposes only and does not constitute an offer to pur- chase or a solicitation of an offer to sell Common Shares or ADSs. The solicitation and offer to buy Common Shares or ADSs are only being made pursuant to the Swiss Offer Prospectus and the U.S. Offer to Purchase and other documents relating to the U.S. Offer that have been filed with the U.S. Securities and Exchange Commission ("SEC"). Investors and security holders are urged to carefully read the Tender Offer Statement on Schedule TO filed by ChemChina and CNAC Saturn (NL) B.V. ("Purchaser") with the SEC and the Solicita- tion/Recommendation Statement on Schedule 14D-9 with respect to the U.S. Offer filed by Syngenta with the SEC, since these materials contain important information, including the terms and conditions of the U.S. Offer. Investors and security holders may obtain a free copy of these materials and other documents filed by ChemChina, Purchaser and Syngenta with the SEC at the website maintained by the SEC at www.sec.gov. Investors and security holders may also obtain free copies of the Solicitation/Recommendation Statement and other docu- ments filed with the SEC by Syngenta at www.syngenta.com.

Cautionary statement regarding forward-looking statements

Some of the statements contained in this press release are forward-looking statements, in- cluding statements regarding the expected consummation of the acquisition, which involves a number of risks and uncertainties, including the satisfaction of closing conditions for the ac- quisition, such as regulatory approvals for the acquisition and the tender of at least 67% of the issued Common Shares, the possibility that the acquisition will not be completed and other risks and uncertainties discussed in Syngenta’s public filings with the SEC, including the "risk factors" section of Syngenta's Form 20-F filed on February 11, 2016 as well as the U.S. Offer documents filed by ChemChina and Purchaser and the Solicitation/Recommendation State- ment filed by Syngenta. These statements are based on current expectations, assumptions, estimates and projections, and involve known and unknown risks, uncertainties and other factors that may cause results, levels of activity, performance or achievements to be materially different from any forward-looking statements. These statements are generally identified by words or phrases such as "believe", "anticipate", "expect", "intend", "plan", "will", "may", "should", "estimate", "predict", "potential", "continue" or the negative of such terms or other similar expressions. If underlying assumptions prove inaccurate or unknown risks or uncer- tainties materialize, actual results and the timing of events may differ materially from the re- sults and/or timing discussed in the forward-looking statements, and you should not place undue reliance on these statements. ChemChina, Purchaser and Syngenta disclaim any intent or obligation to update any forward-looking statements as a result of developments occurring after the period covered by this press release or otherwise.

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