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Monsanto 2003 annual report now available online
St. Louis, Missouri
December 3, 2003

Monsanto Company (NYSE: MON) today posted on its web site its transitional year annual report for fiscal year 2003. The report is Monsanto's first since the company changed its fiscal year-end from Dec. 31 to Aug. 31 and is available at http://www.monsanto.com/monsanto/content/media/pubs/2003/2003_Annual_Report.pdf.

On Dec. 12, Monsanto will begin mailing to shareowners of record as of Dec. 1 copies of the annual report that incorporate the company's Form 10-K. Additionally, shareowners of record will receive a proxy statement, proxy card and additional information for the company's annual meeting to be held Thursday, Jan. 29, 2004 in St. Louis.

Monsanto also recently filed its Form 10-K with the U.S. Securities and Exchange Commission.

Monsanto Company is a leading global provider of technology-based solutions and agricultural products that improve farm productivity and food quality.

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