Longmont, Colorado, USA
January 25, 2021

• S&W consolidates U.S. alfalfa seed production facilities to Nampa, Idaho following the sale of its Five Points, California seed processing facility
• Relocation of alfalfa seed production to more cost-effective regions expected to reduce product costs and expand gross margins

S&W Seed Company (Nasdaq: SANW), a global agricultural technology company, today announced the consolidation of the Company's U.S. alfalfa seed production operations, resulting in the sale of its Five Points, California seed processing facility for $2.25 million. Moving forward, all U.S. seed production operations will be consolidated in the Company's two mechanized facilities in Nampa, Idaho and New Deal, Texas. S&W anticipates approximately $1 million in annualized cost synergies from the consolidation, which is expected to improve gross margins in alfalfa seed. The $2.25 million in gross proceeds from the sale will be used to pay-off long-term debt associated with the Five Points facility.

S&W Seed Company (Nasdaq: SANW), a global agricultural technology company, today announced the consolidation of the Company's U.S. alfalfa seed production operations, resulting in the sale of its Five Points, California seed processing facility for $2.25 million. Moving forward, all U.S. seed production operations will be consolidated in the Company's two mechanized facilities in Nampa, Idaho and New Deal, Texas. S&W anticipates approximately $1 million in annualized cost synergies from the consolidation, which is expected to improve gross margins in alfalfa seed. The $2.25 million in gross proceeds from the sale will be used to pay-off long-term debt associated with the Five Points facility.

Website: http://www.swseedco.com/

Published: January 25, 2021