Final Harvest Report 2011

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Alpcot Agro AB (“the Company”) reports the final harvest figures for 2011. The total harvest of crops for sale in 2011 amount to about 279,800 tons gross weight across 91,400 harvested hectares.

  • The Company has in total harvested 279,800 tons of crops for sale, whereof 190,500 tons in the Russian mainland (Kursk, Lipetsk, Tambov, Voronezh, Volgograd and Kurgan Oblasts), 25,100 tons in Kaliningrad and 62,200 tons in Ukraine. All weight figures here are in gross weight i.e. before cleaning and drying.
  • The most important crops in terms of harvested volume is Winter wheat, 119,000 tons with an average yield of 2.9 ton/ha, Corn, 47,300 tons with an average yield of 8.3 ton/ha and Sunflower, 36,600 tons with an average yield of 2.3 ton/ha. For details of yields per crop and region please see the table below.
  • The harvest season has been extraordinary long this year due to very wet conditions throughout the fall. The wet conditions has also meant a higher humidity content of the crops than in a normal year, which means that the cleaning and drying losses are somewhat higher than in a normal year.
  • About 500 hectares of Corn in Kursk oblast has not been harvested as of the year end but the Company is confident that it can be harvested without significant loss during the early part of 2012, and is estimated to yield about 3,000 tons gross weight.
  • The winter planted crops are in good condition. The end of 2011 has seen relatively mild weather and higher than normal temperatures in Russia.

Harvest 2011, breakdown by crop and region

Harvested area, ha Harvest, ton Yield ton/ha
Total for Group                    91,400              279,800   3.1
Mainland Russia
Crop Harvested area, ha Harvest, ton Yield ton/ha
Winter Wheat                    34,600              89,800   2.6
Sunflower                    16,100              36,600   2.3
Sugar beet                      900              28,000   31.1
Corn                    2,000              12,800   6.4
Barley                    3,200                7,200   2.3
Spring Wheat                    3,800                5,200   1.4
Spring Rape                    2,900                3,500   1.2
Soya                    1,700                2,800   1.6
Buckwheat                    1,100                1,600   1.5
Other                    1,700                3,000   1.8
Total Mainland                    68,000              190,500   2.8
Kaliningrad
Crop Harvested area, ha Harvest, ton Yield ton/ha
Barley                    1,900                6,100   3.2
Spring Rape                    2,700                4,500   1.7
Winter Wheat                    1,400                4,300   3.1
Spring Wheat                    1,700                4,300   2.5
Beans                    1,400                2,700   1.9
Winter Rape                      400                    800   2.0
Other                      200                2,400   12.0
Total Kaliningrad                    9,700              25,100   2.6
Ukraine
Crop Harvested area, ha Harvest, ton Yield ton/ha
Corn                    3,300              30,900   9.4
Winter Wheat                    5,500              24,900   4.5
Soya                    2,500                4,200   1.7
Winter Rape                      900                2,400   2.7
Buckwheat                    1,500                1,800   1.2
Total Ukraine                    13,700              64,200   4.7

Stockholm 9 January 2012

For additional comments, please contact
Jens Peter Aabyen, Managing Director, tel +7 903 779 23 36

About Alpcot Agro AB (publ)
Alpcot Agro is a Swedish limited liability company incorporated in 2006. The Company's business idea 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 listed on First North under the ticker ALPA and the Company’s Certified Adviser is Remium Nordic AB. Additional information is available on www.alpcotagro.com.

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