S&W Seed Company announces closing of private placement with new and existing investors

• New Investor Acquires 4.8% Stake
• Two Largest Shareholders Participate
• Provides Preliminary Financial Results for Fiscal Year 2017

S&W Seed Company (Nasdaq: SANW) announced it has closed a non-brokered private placement of its common stock for total proceeds of approximately $10.7 million. A new investor, as well as S&W's two largest investors - MFP Partners, L.P. and Wynnefield Capital, Inc., participated. The Company issued 2,685,000 shares of its common stock at a purchase price of $4.00 per share in the private placement.

S&W Seed Company anticipates using proceeds from the private placement for general working capital purposes, to pay down existing debt, and to pursue future growth opportunities.

Fiscal Year 2017 Preliminary Results
Based on a preliminary and unaudited review of the financial results for the fiscal year ended June 30, 2017, S&W Seed Company currently expects revenue to be approximately $75 million and Adjusted EBITDA in the range of $3.0 million and $4.0 million. The Company's results in fiscal year 2017 were primarily impacted due to weakness in the Saudi Arabian market as regulatory restrictions on water usage continue to occur.

Mark Wong, recently appointed Chief Executive Officer of S&W Seed Company, commented, "Having been in the CEO role for a short period to this point, I clearly recognize the significant impact that the water regulations in Saudi Arabia are having on one of our most important markets. We are sharply focused on developing solutions to address these issues. While I work with the team to create our go- forward strategy, I am very encouraged with the just completed private placement. It establishes a strong financial base for the Company into the future with the participation of our two largest existing investors and a new investor that recognizes the opportunity S&W represents. S&W has a number of tremendous assets, and I look forward to leveraging those assets for the benefit of our loyal shareholders."

Mark Wong was named CEO of S&W Seed Company on June 20, 2017. With more than 40 years of experience developing agribusinesses, with particular expertise in technology integration and commercialization, his appointment is part of S&W's strategic initiative to maintain its leadership position in its core alfalfa crop, while expanding its portfolio into complimentary crops and technologies where S&W has the potential to become the dominant player in the forage market in the years to come. Wong brings a proven track record of developing multiple successful agricultural companies, having sold three companies to industry leaders like Monsanto and Syngenta aggregating more than $750 million in shareholder value. Additionally, Wong is chairman of one of the twenty largest dairies in the United States, American Dairyco.