Alpcot Agro – full subscription to a new share issue

On 21 April 2011 Alpcot Agro AB (publ) has announced full subscription to a new share issue with preferential rights for existing shareholders with proceeds of approximately SEK 322 million. The prospectus regarding the rights offering has been approved and registered by the Swedish Financial Supervisory Authority on 24 March 2011. The new shares that have been subscribed for with subscription rights are expected to be registered with the Swedish Companies Registration Office on 28 April 2011 and start trading on NASDAQ OMX First North in Stockholm.

Alpcot Agro is a Sweden-based company, whose objective is to generate an attractive return on invested capital by optimally utilizing the company's agricultural land bank through crop production, dairy farming and other similar operations in Russia and the other CIS states. The shares in Alpcot Agro are being traded at the NASDAQ OMX First North since 2009.

Vasil Kisil & Partners act as Ukrainian legal advisors for Alpcot Agro and have conducted comprehensive legal due diligence of its Ukrainian companies and their agricultural assets. Legal due diligence covered 10 Ukrainian subsidiaries, selective land leases review, tax, regulatory, litigation and financing matters of Alpcot's Ukrainian business. VKP team provided recommendations and comments to the issuance prospectus in part of Ukrainian assets as well.