ChemChina announces the definitive interim results for its offer to acquire Syngenta

Date:05-11-2017

China National Chemical Corporation ("ChemChina") recently announced the definitive interim results for the tender offers to purchase all publicly held registered shares ("Common Shares") of Syngenta AG ("Syngenta") and all outstanding American Depositary Shares representing Common Shares ("ADSs"). At the end of the Main Offer Period on May 4, 4:00 p.m. CEST, around 82.2 percent of Common Shares (including those represented by ADSs) have been validly tendered in, and not withdrawn from, the offers. The Minimum Acceptance Rate condition of 67 percent of issued Syngenta shares has been satisfied and the offers have been successful.

An additional acceptance period will begin on May 11, 2017. Shareholders of Syngenta and holders of ADSs who have not tendered their Common Shares or ADSs into the offers during the main offer period may accept the offers during the additional acceptance period, in which case they will receive the offer price in the second settlement. Such shareholders and holders of ADSs are advised that the additional acceptance period will end on May 24, 2017, 4:00 p.m. CEST / 10:00 a.m. New York City Time.

Shareholders of Syngenta and holders of ADSs should be aware that their custodian bank may set a deadline for tendering their Common Shares and ADSs that ends prior to May 24, 2017, 4:00 p.m. CEST / 10:00 a.m. New York City Time. ChemChina, the offeror and Syngenta have no control over such deadlines that are set by custodian banks for their clients. Shareholders and holders of ADSs are advised to consult with their custodian bank in case of any doubt or if they have not received specific instructions in this regard.

The prospective timetable for the closing of the offers is as follows:

Thursday, May 11, 2017...Start of the Additional Acceptance Period

Tuesday, May 16, 2017...Payment of Special Dividend

Thursday, May 18, 2017...First Settlement

Wednesday, May 24, 2017...End of the Additional Acceptance Period

Friday, May 26, 2017 (at the latest)...Provisional notice of the end result of the Offer

Wednesday, May 31, 2017...Definitive notice of the end result of the Offer

Wednesday, June 7, 2017...Second Settlement

Further, as soon as permitted by law and applicable regulation, it is intended to de-list the shares from the SIX and to de-list the ADSs from the NYSE.