Joint Press Statement

AIB (Anti-Infringement Bureau for Intellectual Property Rights on Plant Material), Nunhems Netherlands B.V. (Nunhems), Bejo Zaden B.V.(Bejo) and Novisem B.V.(Novisem) are pleased to announce that they have amicably ended their legal procedure in the Dutch courts. This procedure concerned a suspected infringement by Novisem located in Baarlo on Plant Breeders Rights of Nunhems, located in Haelen and Bejo located in Warmenhuizen. All parties involved in the dispute acknowledged that the existence and observance of Plant Breeders Rights are essential to an effective system of plant variety protection that encourages development of new varieties of plants and seeds, for the benefit of society and return of investment for the breeder. Further terms of the settlement are confidential and are not disclosed by the parties.