2008 Harvest Outlook

On the basis of seeding results over the spring period, A/S Trigon Agri hereby confirms that it is expecting to harvest over 65,000ha of farm-land in the Black Earth region during the 2008 harvest season. The harvested area will be split roughly equally between its Ukrainian and Russian operations.

On fields fully prepared by A/S Trigon Agri itself in Ukraine (i.e. fields which are subject to the targeted ramp-up yields that have remained unchanged since the listing of the company on First North Stockholm and can be found in the company presentation available on the web-site), the harvest results are likely to exceed the first and second ramp-up year yield targets respectively for all crops. On fields where the company assumed control during winter and spring 2007/2008 and where preparatory works had been performed by previous land users, the current outlook is that yields in Ukraine will be close to results which could be expected from a typical first ramp-up year on land prepared by A/S Trigon Agri. In the Russian operations (where no fields were prepared by A/S Trigon Agri for this season), the expected harvest results are likely to come in below the first year ramp-up target set for fields prepared by A/S Trigon Agri itself.

The current harvest outlook is subject to favourable weather conditions for crop-growing and harvest during the rest of the season (unfavourable weather conditions before or during harvesting could still lower the expected results).