• In July 2011, Indian crop protection company United Phosphorus Ltd (currently UPL Limited) acquired a 51% stake in DVA Agro do Brasil S.A. for US$150 million

– The transaction included a primary issuance in DVA Agro Brasil together with a secondary purchase of shares from the existing shareholders

– DVA Agro do Brasil changed its name to UPL do Brasil S.A.

• In March 2015, UPL acquired the remaining share of DVA Agro do Brasil’s original shareholders

• DVA Agro do Brasil is engaged in the production, marketing, selling and distribution of crop protection products and specialties in the Brazilian agrochemicals market

– The Company has a highly diversified product offering and has invested heavily in several product registrations in preparation for significant growth for the next several years

• Established in 1969, UPL is a leading global producer of crop protection products, intermediates, specialty chemicals and other industrial chemicals

– UPL is the third largest global producer of patented crop protection products

– The company is also the 7th largest producer of crop protection products