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44723

Delta and Pine Land Company acquires DuPont technology licenses

Delta and Pine Land, a commercial breeder, producer and marketer of cotton planting seed, today announced that it has acquired several licenses from DuPont subsidiary Pioneer Hi-Bred International, Inc., including its Optimum GAT herbicide tolerance technology for cotton and soybeans. This trait makes plants tolerant to both glyphosate and ALS herbicides.

The company has also acquired licenses for other DuPont technologies products for use in cotton, soybeans and other crops.

D&PL and DuPont, through Pioneer, are partners in a joint venture, DeltaMax Cotton LLC, which was initially formed to develop and
commercialize glyphosate tolerance technology in cotton.

D&PL also announced that it has reached an agreement to license soybean lines suitable for planting in the Southern soybean market through the involvement of GreenLeaf Genetics LLC.

Tom Jagodinski, president and CEO of D&PL said, "We look forward to
bringing our farmer customers increased cotton and soybean technology
choices, while adding a second herbicide tolerance gene to the DeltaMax joint venture."

"We are excited that the world's largest cotton seed company licenses
Optimum(TM) GAT(TM) for cotton globally and soybeans in the U.S.," said
Erik Fyrwald, group vice president, DuPont Agriculture and Nutrition.

"This sets the stage for Delta and Pine Land to become a significant customer for GreenLeaf Genetics LLC, a joint venture with Syngenta announced in April," said Dean Oestreich, president of DuPont subsidiary Pioneer Hi-Bred International, Inc. "Through GreenLeaf Genetics, D&PL will license soybean lines and Optimum GAT for soybeans. GreenLeaf Genetics will continue to work with other key independent seed companies in the near future to align strategies for both corn and soybean germplasm and traits and offer commercial terms on Optimum GAT."

D&PL will pay DuPont $20.5 million in connection with this transaction
and expects to account for it in the fourth quarter. The company plans to announce its earnings for its third quarter ended May 31, 2006,
on July 6, 2006, before the market opens.

Delta and Pine Land, a commercial breeder, producer and marketer of cotton planting seed, today announced that it has acquired several licenses from DuPont subsidiary Pioneer Hi-Bred International, Inc., including its Optimum GAT herbicide tolerance technology for cotton and soybeans. This trait makes plants tolerant to both glyphosate and ALS herbicides.

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