Alpcot Agro appoints new Managing Director

Alpcot Agro AB (“Alpcot Agro”) announces that it has recruited Jens Peter Aabyen as Managing Director. Mr Aabyen will start his employment with Alpcot Agro on 1 April 2011 and will be based in Alpcot Agro’s head office in Moscow.

Mr Aabyen is 39 year old and has an extensive experience from running and managing businesses in Russia. He joins Alpcot Agro from the position as Managing Director of Flexa Invest ApS, a company with investments in Russia, where he has also served as Chairman of Flexa Invest’s subsidiary ZAO Zapkarelles, a forestry company in the Karelia region of Russia. In 2008-2009 Mr Aabyen served as Managing Director of Dan-Invest, a company investing in and developing agricultural businesses in Eastern Europe.

Mr Aabyen has a background as lawyer (Danish Bar Exam) and holds a Master of Law degree from the University of Copenhagen.

Björn Lindström, the present Managing Director of Alpcot Agro, will continue to be fully committed to Alpcot Agro as an investment manager.

Joakim Ollén, Chairman, comments:                                                  

 “I am happy to welcome Jens Peter Aabyen to the company. He has a vast experience of the Russian market and valuable insight in the structures and regulations in the areas where we are operating. Even more important we feel that Jens Peter has the personal capacities that will make him an excellent Managing Director of Alpcot Agro.”

Björn Lindström, Managing Director, comments:

 “I am pleased to present Jens Peter as my successor. Jens Peter will have Alpcot Capital Management’s full support in his position as Managing Director, and we will jointly develop Alpcot Agro to a profitable and successful agricultural company.”

Stockholm, 22 March, 2011

For additional information please contact:

Joakim Ollén, Chairman, +46 703 542 407
Björn Lindström, Managing Director, +44 7979 8 55556

About Alpcot Agro AB (publ)
Alpcot Agro is a Swedish limited liability company incorporated in 2006. The Company's objective is to generate an attractive total return on invested capital by acquiring and farming agricultural land in Russia and in other CIS member 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.