FOR IMMEDIATE RELEASE
Contact: MICHELE VERDI
Phone: (909) 395-5200

JAIN IRRIGATION ANNOUNCES ACQUISITION OF AQUARIUS BRANDS INC. USA

February 15, 2007 - Jain Irrigation Systems Limited, a world leader in Low-Volume and Sprinkler Irrigation Systems, announced today it has agreed to acquire 100% control in Aquarius Brands, Inc. from Habasit Holding USA Inc. With this acquisition, Jain Irrigation becomes the second largest Low-Volume Irrigation company in the world. Jain Irrigation is a diversified company with more than 3,800 employees and market capitalization in excess of 600 Million. The product portfolio encompasses Irrigation Products, Piping Products, Plastic Sheets, Dehydrated Foods, Fruit Puree and Juice concentrates. Jain Irrigation has pioneered drip irrigation for small farmers in India and has the major market share in one of the fastest growing irrigation markets in the world. Jain Irrigation had acquired Chapin Watermatics, a leading manufacturer of drip tape located in Watertown, New York in May 2006.

Aquarius Brands, Inc. is a leading manufacturer of Low-Volume Irrigation systems for Agriculture, Landscape and Nursery applications; the brands include Agricultural Products (API), PEPCO, and Acu-Drip. The Company has been providing Fittings, Filters, Air Vents, Tubing, Emitters and Accessories to the irrigation industry for over 35 years. Branded products include Spin Clean filters, Tape Loc, Spin Loc and Power Loc fittings, Softube and Flatube, Micro-Flapper, Quadra-Bubbler and Octa-Bubbler, among many others. The Company operates manufacturing facilities in Ontario and Fresno, California and Winter Haven, Florida. It has a network of more than 1000 dealers for product distribution Managing Director of Jain Irrigation, Anil Jain said after closing the deal, “With this acquisition we have a firm foothold in one of the largest markets for the irrigation business and access to the latest technology for irrigation components”. He further added that “Jain Irrigation will now focus on the synergies of its operations in India and the USA, to offer the most diverse but integrated products and services in the irrigation business to customers all over the world”.

According to Dave Abrams, President of Aquarius Brands, “Jain’s products are a perfect fit for our company. The combination of Chapin’s Tape, Jain’s low cost manufacturing capabilities and diverse product selection, Aquarius Brand’s broad product line and wide distribution network, is indeed very powerful. We will now be able to offer virtually every type of product a grower or landscape contractor needs for a drip irrigation system. Our customers have been asking for many of the products that Jain will bring to the table, and the ability to provide a complete, high quality package from one source will enable our customers to lower their costs and grow their business.”

This Acquisition will be made through Jain irrigation Inc, USA, a wholly owned subsidiary of Jain Irrigation
Systems Ltd. Closing of the transaction will take place immediately. To learn more about Aquarius Brands, API, Pepco, and Acu-Drip visit www.aquariusbrands.com. To learn more about Jain Irrigation and Chapin Watermatics visit www.jains.com