STATEMENT BY THE BOARD OF MANAGEMENT

The Board of Management of Viterra AG is responsible for the preparation, completeness and correctness of the voluntarily prepared consolidated financial statements and the Group management report as well as the other information given in the Annual Report. The consolidated financial statements were prepared in accordance with the United States Generally Accepted Accounting Principles (US GAAP) as well as provisions of the German Commercial Code (HGB) also applicable and, where necessary, proper estimates were made. The Group management report contains an analysis of the net assets, financial position and results of the operations of the Group as well as further explanations required by the provisions of the German Commercial Code.

We have installed an effective controlling and monitoring system to guarantee compliance with the accounting principles and adequacy of the internal reporting system. This system includes the use of uniform guidelines, the selection and systematic training of qualified personnel, and regular reviews by our internal auditing department.

We have complied with the requirements of the German Business Monitoring and Transparency Act (KonTraG) by implementing a comprehensive risk management system. This enables the Board of Management to identify significant risks at an early stage and to initiate appropriate action.

KPMG Deutsche Treuhand-Gesellschaft Aktiengesellschaft Wirtschaftsprüfungsgesellschaft audited the consolidated financial statements and issued the following auditors' report.

	Essen, March 2, 2004
	Dr. Wolfhard Leichnitz	Dr. Michael Hermes	Dr. Manfred Püschel

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