Global Code of Conduct

ResponsibilitiesCompany ResponsibilitiesAGCO is responsible for a work environment in which nothing less thantotal integrity and trustworthiness is acceptable. To meet this responsibility,each operating unit of AGCO must commit to:RESPONSIBILITIES• Be alert to any situation which creates, or has the appearance ofcreating, an illegal, improper, unsafe, discriminatory or unethicalsituation.• Inform all current employees and all new employees of AGCO’srequirement that each employee conduct himself or herself in acompletely legal, ethical, non-discriminatory, safe and proper manner.Any employee having questions is encouraged and has the freedom toobtain additional counsel from his or her supervisor, senior managementor AGCO’s Chief Ethics and Compliance Officer or Regional Ethics andCompliance Officers.• Be sensitive to any allegations or reports of illegal or unethical conductby any supplier, consultant or sales representative, or any other person ororganization with which AGCO has a relationship.• Encourage employees to report promptly to Company management,without fear of retribution, any illegal, improper, unsafe, discriminatoryor unethical conduct or any activity that creates an appearance ofwrongdoing or impropriety. AGCO will maintain in strict confidence theidentity of individuals reporting violations of these standards.• Promptly investigate any allegations or indications of illegal, improper,unsafe, discriminatory or unethical conduct and correct the conditionscausing such conduct where necessary.• Protect the privacy of AGCO employees.• Invoke proper disciplinary and corrective action against the individualsresponsible for any illegal, improper, unsafe, discriminatory or unethicalactivity.PAGE> 8