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© Monsanto Company, All Rights Reserved

Refuge seed may not always contain Genuity® DroughtGard® Hybrids trait.

Certain statements contained in this presentation are "forward-looking statements," such as statements concerning the company's anticipated financial results, current and future product performance, regulatory approvals, business and financial plans and other non-historical facts. These statements are based on current expectations and currently available information. However, since these statements are based on factors that involve risks and uncertainties, the company's actual performance and results may differ materially from those described or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, among others: continued competition in seeds, traits and agricultural chemicals; the company's exposure to various contingencies, including those related to intellectual property protection, regulatory compliance and the speed with which approvals are received, and public understanding and acceptance of our biotechnology and other agricultural products; the success of the company's research and development activities; the outcomes of major lawsuits and the previously-announced SEC investigation; developments related to foreign currencies and economies; pursuit of acquisitions or other transactions; fluctuations in commodity prices; compliance with regulations affecting our manufacturing; the accuracy of the company's estimates related to distribution inventory levels; the recent increases in and expected higher levels of indebtedness; the company's ability to fund its short-term financing needs and to obtain payment for the products that it sells; the effect of weather conditions, natural disasters, accidents, and security breaches, including cybersecurity incidents, on the agriculture business or the company's facilities; and other risks and factors detailed in the company's most recent periodic report to the SEC. Undue reliance should not be placed on these forward-looking statements, which are current only as of the date of this presentation. The company disclaims any current intention or obligation to update any forward-looking statements or any of the factors that may affect actual results.

Commercialization is dependent on multiple factors, including successful conclusion of the regulatory process. The information presented herein is provided for educational purposes only, and is not and shall not be construed as an offer to sell, or a recommendation to use, any unregistered pesticide for any purpose whatsoever. It is a violation of federal law to promote or offer to sell an unregistered pesticide.

At this time, Vistive® Gold soybeans have received full approval for planting in the United States but have not yet received import approval in certain export markets. While certain export approvals are pending, Vistive® Gold soybeans will be available in limited geographies only to growers who have signed a 2016 Vistive Gold Soybean Grain Production Grower Agreement and agree to follow the stewardship requirements. Upon receipt of appropriate approvals, Monsanto will inform growers and determine whether the stewardship requirements will need to remain in place.

Do not export Genuity® Roundup Ready® Alfalfa seed or crop, including hay or hay products, to China pending import approval. In addition, due to the unique cropping practices do not plant Genuity® Roundup Ready® Alfalfa in Imperial County, California, pending import approvals and until Monsanto grants express permission for such planting.

ALWAYS READ AND FOLLOW DIRECTIONS FOR USE ON PESTICIDE LABELING. IT IS A VIOLATION OF FEDERAL AND STATE LAW to use any pesticide product other than in accordance with its labeling. NOT ALL formulations of dicamba or glyphosate are approved for in-crop use with Roundup Ready 2 Xtend® soybeans, Bollgard II® XtendFlex® or XtendFlex® cotton. ONLY USE FORMULATIONS THAT ARE SPECIFICALLY LABELED FOR SUCH USES AND APPROVED FOR SUCH USE IN THE STATE OF APPLICATION. DICAMBA FORMULATIONS MAY NOT BE APPROVED IN ALL STATES. Contact the U.S. EPA and your state pesticide regulatory agency with any questions about the approval status of dicamba herbicide products for in-crop use with Roundup Ready 2 Xtend® soybeans, Bollgard II® XtendFlex® or XtendFlex® Cotton.

Roundup Ready 2 Xtend® soybeans contains genes that confer tolerance to glyphosate and dicamba. Bollgard II® XtendFlex® contains genes that confer tolerance to glyphosate and dicamba. Glyphosate herbicides will kill crops that are not tolerant to glyphosate. Dicamba will kill crops that are not tolerant to dicamba. Contact your Monsanto dealer or refer to Monsanto’s Technology Use Guide for recommended Roundup Ready® Xtend Crop System weed control programs.

This information is for educational purposes only and is not an offer to sell Roundup Xtend® with VaporGrip® Technology. This product is not yet registered or approved for sale or use anywhere in the United States.

Commercialization is dependent on multiple factors, including successful conclusion of the regulatory process. The information presented herein is provided for educational purposes only, and is not and shall never be construed as an offer to sell, or a recommendation to use, any unregistered pesticide for any purpose whatsoever. It is a violation of federal law to promote or offer to sell an unregistered pesticide.

Monsanto Company is a member of Excellence Through Stewardship® (ETS). Monsanto products are commercialized in accordance with ETS Product Launch Stewardship Guidance, and in compliance with Monsanto's Policy for Commercialization of Biotechnology-Derived Plant Products in Commodity Crops. This product has been approved for cultivation in the U.S. and Canada, and for import in Australia/New Zealand, Colombia, China, Japan, Korea, Mexico, Taiwan, and Vietnam. The single events in this product have been approved for import in the EU. As of February 2, 2016, E.U. stack approval is in the final stage of approval and is expected but not guaranteed to be received in the near future. Any crop or material produced from this product can only be exported to, or used, processed or sold in countries where all necessary regulatory approvals have been granted. It is a violation of national and international law to move material containing biotech traits across boundaries into nations where import is not permitted. Growers should talk to their grain handler or product purchaser to confirm their buying position for this product. Growers should refer to www.biotradestatus.com for any updated information on import country approvals.

B.t. products may not yet be registered in all states. Check with your Monsanto representative for the registration status in your state.

SmartStax® multi-event technology developed by Monsanto Company and Dow AgroSciences.

IMPORTANT IRM INFORMATION: Genuity® RIB Complete® corn blend products do not require the planting of a structured refuge except in the Cotton-Growing Area where corn earworm is a significant pest. See the IRM/Grower Guide for additional information. Always read and follow IRM requirements.

For more information regarding the intellectual property protection for the seed products identified in this publication, please see www.asgrowanddekalb.com.

Insect control technology provided by Vip3A is utilized under license from Syngenta Crop Protection AG.

Individual results may vary, and performance may vary from location to location and from year to year. This result may not be an indicator of results you may obtain as local growing, soil and weather conditions may vary. Growers should evaluate data from multiple locations and years whenever possible.

ALWAYS READ AND FOLLOW PESTICIDE LABEL DIRECTIONS. Roundup Ready® crops contain genes that confer tolerance to glyphosate, the active ingredient in Roundup® brand agricultural herbicides. Roundup® brand agricultural herbicides will kill crops that are not tolerant to glyphosate. Acceleron®, Acceleron® and Design®, agAhead®, agSeedSelect®, Asgrow and the A Design®, Asgrow®, Bollgard and Design®, Bollgard II and Design®, Bollgard II®, Bollgard®, DEKALB and Design®, DEKALB®, DEKALB® Disease Shield™, DroughtGard®, FarmFlex®, Fieldscripts & Design®, FieldScripts®, Genuity Design®, Genuity®, Genuity® Icon, Ground Breakers®, Growing Knowledge®, Integrated Farming Systems & Design®, Respect the Refuge and Cotton Design®, RIB Complete and Design®, RIB Complete®, Roundup Ready 2 Xtend™, Roundup Ready 2 Yield®, Roundup Ready PLUS®, Roundup Ready®, Roundup Ready 2 Technology and Design®, Roundup Xtend™, Roundup®, SmartStax and Design®, SmartStax®, VaporGrip®, Vistive®, VT Double PRO®, VT Triple PRO®, XtendFlex®, XtendiMax®, YieldGard Corn Borer and Design®, YieldGard Rootworm and Design®, YieldGard VT and Design®, YieldGard VT Triple®, YieldGard VT® and YieldGard® are trademarks of Monsanto Technology LLC. Dedicated to Cotton. Committed to You.® and Deltapine® are registered trademarks of Monsanto Company. Liberty®, LibertyLink® and the Water Droplet Design®, Poncho® and VOTiVO®, are registered trademarks of Bayer. Headline AMP® and Headline® are registered trademarks of BASF Corporation. Respect the Refuge and Corn Design® and Respect the Refuge® are registered trademarks of National Corn Growers Association. All other trademarks are the property of their respective owners. © Monsanto Company.