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Monsanto Company Announces $1 Billion Debt Issue

Monsanto Company (NYSE:MON) today announced a $1 billion public debt offering, with $400 million in 3-year bonds, $300 million in 5-year bonds and $300 million in 30-year bonds.

The 3-year floating rate notes will bear interest at a rate equal to three month LIBOR, reset quarterly, plus 0.20 percent. These notes mature on November 7, 2016 with a first interest payment date of February 7, 2014.

The 5-year notes will be issued at 99.861 percent and bear interest at 1.85 percent, resulting in a yield of 1.879 percent. These notes mature on November 15, 2018 with a first interest payment date of May 15, 2014.

The 30-year notes will be issued at 99.951 percent and bear interest at 4.65 percent, resulting in a yield of 4.653 percent. These notes mature on November 15, 2043 with a first interest payment date of May 15, 2014.

The company intends to use the net proceeds received from the sale of the notes, together with available cash, to repay commercial paper issued to finance the acquisition of The Climate Corporation, and for other general corporate purposes.

Monsanto’s shelf registration was filed and became effective in November 2011.

This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the notes in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This offering is being made solely by means of a prospectus and prospectus supplement.

Copies of the prospectus and prospectus supplement relating to the notes may be obtained by contacting: BofA Merrill Lynch, toll-free at (800) 294-1322 or emailing dg.prospectus_requests@baml.com; Morgan Stanley toll-free at (866) 718-1649; Citigroup toll-free at (800) 831-9146; Goldman, Sachs & Co. toll-free at (866) 471-2526; or J.P. Morgan collect at (212) 834-4533.

About Monsanto Company

Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality. Monsanto remains focused on enabling both small-holder and large-scale farmers to produce more from their land while conserving more of our world's natural resources such as water and energy.

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