Laverton North, Victoria, Australia
May 5, 2015

Nufarm Limited's Board of Directors today appointed Chief Operating Officer and acting CEO Greg Hunt as the company's new Managing Director and Chief Executive Officer. Mr. Hunt's appointment is effective immediately.

Nufarm's Chairman, Mr Donald McGauchie AO, said Mr Hunt was appointed following a global search for a successor to long-time Managing Director and CEO, Doug Rathbone, who stepped down from the role in early February. Mr Hunt had been acting CEO since that time.

"After taking on the role in an interim capacity, Greg has demonstrated strong leadership and progressed the company's ambitious program of change and performance improvement," Mr McGauchie said.

"We remain on target to significantly strengthen our returns to shareholders through targeted cost savings, more effective management of working capital, and profitable growth. The Board has full confidence in Greg being able to deliver on those objectives."

Mr Hunt said he was delighted to be confirmed in the CEO role.

"We have a very strong and valuable global footprint, a respected brand and a motivated and talented group of people,” Mr Hunt said.

“The changes we are now implementing will build on these important foundations and it is a tremendous privilege to be given the opportunity to lead the company through our next phase of growth."

Mr Hunt, 55, joined Nufarm in 2012. Before being appointed to the acting CEO position, he was responsible for the company's global commercial operations. He is a former managing director of Elders Rural Services and has worked with global private equity firms focused on the agriculture sector. Mr Hunt is also a non-executive director of Costa Group.

Key terms of Mr Hunt's employment contract are listed in Appendix A.

Appendix A

Summary of Key Terms of Employment Contract
Position: Managing Director and Chief Executive Officer
Commencement Date: 5 May 2015
Fixed Annual Remuneration: $1,200,000
Short Term Incentive (STI): Potential at target - 50% of Fixed Annual Remuneration, subject to satisfaction of performance hurdles. 50% of any award under the STI will be payable in cash at the end of a financial year and 50% in deferred shares which will be subject to vesting in 2 years.
Long Term Incentive (LTI): Potential at target - 50% of Fixed Annual Remuneration, subject to satisfaction of performance hurdles.
Notice Period: 6 months
Termination Payments: 12 months’ Fixed Annual Remuneration, inclusive of payment in lieu of any notice period not served.
Post-Employment Restraint: 12 months

Website: http://www.nufarm.com

Published: May 5, 2015