1 December 2015

CRODA INTERNATIONAL PLC

Acquisition of Innovative Seed Enhancement Business Incotec Group B.V.

Croda International Plc ('Croda') today announces that it has agreed to acquire Incotec Group B.V. ('Incotec'), an independent world leader of innovative seed enhancement, headquartered in Enkhuizen in the Netherlands. The total consideration, inclusive of debt, is €155 million (£109m). The acquisition is expected to complete on 4 December 2015.

Founded in 1968, Incotec develops and supplies a wide range of proprietary and sustainable technologies for both vegetable seeds and field crops. It operates in one of the fastest growing segments within the crop care market. Incotec's products and services help to enhance and improve seed performance, allowing greater efficacy and functionality to be delivered directly by the seed. Incotec is a technology rich, capital light, knowledge based business, which for the year ended 30 September 2015 reported (unaudited) revenues of €71million.

Seed enhancement has been identified as a key market opportunity for Croda's Crop Care business. Through the acquisition of Incotec, the technical and formulation expertise of both parties will be further exploited. This will add innovative seed enhancement technologies to Croda's existing portfolio of high performance adjuvants and formulation aids. Supported by enlarged and enriched research and technical capabilities and a dedicated global sales force, Croda will offer a broader, more innovative portfolio of products to its customers. This will help in feeding the world's growing population by improving farming yields. Supported by further investment from Croda, the Incotec business will retain its independent identity and strong brand.

Steve Foots, Chief Executive of Croda, commented:

"Incotec is a rare asset in a niche, high value, fast growing sector of the global crop market. With an experienced research and development led management team, Incotec brings differentiated market leading technologies, world class innovation and strong customer relationships. The combination with our own Crop Care business creates a strong and unique platform for future growth. We believe that our combined innovation strengths, together with our global sales reach, will enable us to be far more responsive in meeting the unmet needs of our customers today and tomorrow."

Further information:

Jez Maiden, Group Finance Director Tel: +44 1405 860551

Conleth Campbell, VP Investor Relations Tel: +44 1405 860551

Charlie Armitstead, Pendomer Communications Tel: +44 7703 330 269

About Incotec:

Incotec is a leading player in the field of seed enhancement globally, servicing multinational and local seed producers. Incotec adds value to the seed and crop protection industry value chain by providing a range of technologies and services for seed coating, pelleting, seed enhancement and analytical services for genetic analysis and quality inspection. Incotec has a long track record as an innovative leader in the industry, supported by a highly qualified research and development team dedicated to seed enhancement and related technologies.

www.incotec.com

About Croda Crop Care:

Croda is the name behind the high performance ingredients and technologies in some of the biggest, most successful brands in the world: creating, making and selling speciality chemicals that are relied on by industries and consumers everywhere. With more than 3,600 employees working in over 30 countries, Croda focuses on developing and delivering a wide range of practical solutions to its customers across nine markets. Within Crop Care, Croda produces high performance adjuvants and formulation aids for the crop protection industry. Its unique formulation expertise helps crop protection customers get the best performance out of their active ingredients, enabling farmers to improve yields from their crops.

www.croda.com