Cheminova's position in Europe strengthened through 50% acquisition of Stähler

Auriga Industries A/S has chosen to focus on the development of the activities
in its largest company, Cheminova A/S, and has divested Skamol A/S and Hardi
International A/S this year. The divestments resulted in substantial
improvements in the balance sheet and key ratios for the company, and the
objective is for Cheminova to play an active role in the expected consolidation
within Cheminova's main business area, plant protection products. 

Cheminova has today entered an agreement to acquire 50% ownership participation
in the German Stähler group of companies for EUR 30 mio. The transaction will
substantially improve Cheminova's position in Europe. 

Stähler enjoys a strong, direct access to the markets in Germany, Austria and
Switzerland and has a portfolio of own proprietary products for the entire
European market. The group has sales of EUR 75 mio. and employs 190 people. The
company is managed by the Stähler family, and three sons will continue,
together with a person designated by Cheminova, managing the company. 

Germany is the second largest plant protection market in Europe with sales of
EUR 1,200 mio.  Cheminova has not had direct access to this important market,
but has distributed through Stähler.  Through Stähler a strong position in
Austria and Switzerland is achieved as well. The strengthening of the market
access in Europe will be very important for the future introduction of a range
of new products from Cheminova's development pipeline, while the access to
Cheminova's products will further improve the Stähler market position the
coming years. 

Stähler owns rights and licenses to a portfolio of active ingredients for the
European market and has invested substantial sums in the development and
registration of these products in recent years. The Cheminova companies in
other important European markets such as France, Spain, Italy, England, Poland
and Hungary will secure a successful introduction of these products and thereby
improve the position of the companies in these markets. 

Besides a number of market synergies, a number of costs synergies will be
realized over the coming years by for instance utilizing the Stähler
formulation and packaging plants in Stade, Germany, and Milan, Italy, for
Cheminova's European markets. In five years time, the total synergies will
amount to more than EUR 10 mio. annually, but already in 2008 the first
synergies will be harvested. The introduction of new products from both
companies during the coming years will lead to substantial higher sales and
profitability in the jointly owned Stähler group. 

Closing on the deal awaits competition authority approvals expected in January
2008. The Stähler business shall be pro rata consolidated into Cheminova's
accounts. 

AURIGA INDUSTRIES A/S		

Ole Steen Andersen	
Chairman of the Board of Directors	

Bjørn Albinus
President and CEO

Enquiries concerning this stock exchange notification should be directed to Mr
Bjørn Albinus, President and CEO of Auriga, on telephone +45 7010 7030.