Consensus Forecasts

November 2009

Consensus compiled by Syngenta from forecasts by 25 analysts.


2009

$ High Mean Low
Sales 11'455m 10'809m 10'505m
EBITDA* 2'457m 2'364m 2'230m
Net Income* 1'505m 1'465m 1'376m
Earnings per share (EPS)** 16.15 15.59 14.64

2010

$ High Mean Low
Sales 12'485m 11'579m 10'859m
EBITDA* 2'837m 2'678m 2'394m
Net Income* 1'808m 1'671m 1'483m
Earnings per share (EPS)** 19.09 17.77 15.83

2009 Syngenta outlook

For the full year 2009, we target Earnings per share (EPS)* close to the record level achieved in 2008.

* excluding restructuring & impairment
** EPS on a fully-diluted basis, excluding restructuring and impairment


Target Share Price

CHF High Mean Low
  350 289 250

Analysts Covering Syngenta

The following list*** includes institutions that publish regular research reports on Syngenta. Their reports have been used to create the consensus forecast included above.

Institution Analyst
Bank am Bellevue Bruno Eschli
Bank of America Merrill Lynch Andrew Stott
BZ Bank Aktiengesellschaft Nils Engel
CACheuvreux Martin Roediger
Cazenove Martin Evans
Citigroup Andrew Benson
Credit Suisse Rhian Tucker
Deutsche Bank Virginie Boucher-Ferte
DZ Bank Heinz Müller
Exane BNP Paribas Rim Bennani
Gilford Securities Paul Christopherson
Goldman Sachs Richard Logan
Helvea Martin Flückiger
J.P. Morgan Neil Tyler
Kepler Capital Markets Florian Gaiser
Main First Bank AG Ronald Köhler
Morgan Stanley Paul Walsh
Nomura Jean De Watteville
NZB Neue Zürcher Bank Bernd Pomrehn
Redburn Partners Tony Jones
Sal. Oppenheim Jürgen Reck
Soleil Securities Group Mark Gulley
UBS Thomas Gilbert
UniCredit MIB (HVB) Andreas Heine
Vontobel Patrick Rafaisz

*** The above list is a selection of analysts currently covering Syngenta. We do not make any claim that this list is comprehensive of all institutions publishing regular research reports on Syngenta.

Any opinions, forecasts, estimates, projections or predictions regarding Syngenta's performance made by the analysts are theirs alone and do not represent the opinions, forecasts, estimates, projections or predictions of Syngenta. By providing these names, Syngenta does not imply its endorsement of or concurrence with their reports, conclusions or recommendations and Syngenta does not assume any liability for the accuracy of the information.

Please note that this list does not constitute a solicitation to buy, hold or sell securities.

© 2009 Syngenta