Ag-Bag International Limited Makes Announcement.

WARRENTON, Ore.--(BUSINESS WIRE)--Oct. 28, 1998--Ag-Bag International Limited (Warrenton, Oregon) announced today its common stock will continue to be listed on the Nasdaq SmallCap Market via an exception from the minimum bid price requirement.

While Ag-Bag International Limited failed to meet this requirement as of February 27, 1998, the company was granted a temporary exception from this standard subject to Ag-Bag International Limited meeting certain conditions. The exception will expire on January 8, 1999. In the event the Company is deemed to have met the terms of the exception, it shall continue to be listed on the Nasdaq SmallCap Market. The company believes that it can meet these conditions, however, there can be no assurance that it will do so. If at some future date the company's securities should cease to be listed on the Nasdaq SmallCap Market, they may continue to be listed in the OTC-Bulletin Board. For the duration of the exception, the company's Nasdaq symbol will be AGBGC.

Ag-Bag International Limited is a northwest company headquartered in Warrenton, Oregon with a second major facility located in Blair, Nebraska. The Company, through its international operations, manufactures and sells to the agricultural industry its farm feed management systems for the high moisture storage of silage and grains. Recently, operations were expanded to provide services within the area of composting.