Alpcot Agro announces prospectus for the rights offering

Alpcot Agro AB (publ) ("Alpcot Agro", "the Company") hereby announces the publication of the prospectus for the rights offering as well as a new wording of the business idea.

As announced earlier the Company has resolved to undertake a share issue with preferential rights for existing shareholders to raise approximately SEK 322 million before transaction costs. The Board of Directors of Alpcot Agro has prepared a prospectus regarding the rights offering that has been approved and registered by the Swedish Financial Supervisory Authority today, 24 March 2011.

All shareholders with share holdings directly registered in Euroclear Sweden AB (”Euroclear”) on the record date 24 March 2011 will receive a prospectus, a pre-printed issue account statement and an application form by post to the address registered in Euroclear. Shareholders whose holdings of shares are registered with a nominee bank or other nominee will receive information and instructions directly from their bank or nominee. The prospectus will be available on Alpcot Agro's website www.alpcotagro.com and on Carnegie's website www.carnegie.se. The printed prospectus will also be available at Alpcot Agro's offices at Birger Jarlsgatan 32B, in Stockholm, Sweden after 28 March 2011, and can be ordered by e-mail info@alpcotagro.com.

Terms and conditions for the rights issue in summary:

• The Company’s shareholders have the right to, for each existing share, subscribe to one (1) new share at an issue price of SEK 6.50.
• The subscription period runs from 30 March to 15 April 2011 and trading in the subscription rights takes place during the period 30 March – 12 April 2011.

In the prospectus the Company also publishes a new wording of the Company’s business idea as follows: “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.”

Stockholm, 24 March 2010

The Board of Directors

For further information please contact:

Björn Lindström, Managing Director +44 (0) 79798 55556

This press release is not intended for, and may not be distributed to or be published in, directly or indirectly, Australia, Canada, Hong Kong, Japan, New Zeeland, South Africa or the USA, or any other jurisdiction where it would require any form of registration or would constitute a breach of law.

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. Additional information is available on www.alpcotagro.com.