Alpcot Russian Land Fund AB has successfully raised SEK 270 million in a new share issue

Not for release, publication or distribution in, or into the United States, Canada,
Australia or Japan.

Press release
Stockholm, October 22, 2007


Alpcot Russian Land Fund AB is a Swedish company investing in the agricultural
sector in Russia. The price per share in the present issue of six million shares was
set at SEK 45, which provides the company with SEK 270 million before issue costs.
The number of new shares corresponds to approximately 40 per cent of the number
of shares after the offering. Interest from both institutional and private investors was
high, in both Sweden and internationally. The offering was several times subscribed.
Following the offering Alpcot Russian Land Fund AB has approximately 400
shareholders.

– ”We are very satisfied with the large interest for Alpcot Russian Land Fund and we
will immediately start to realise a substantial number of investments in agricultural
land”, says CEO Carl Aschan.

Carnegie is financial adviser to Alpcot Russian Land Fund AB

For additional information, please contact:
Carl Aschan, CEO
Telephone number: +46 70 297 16 07

Joakim Ollén, Chairman of the Board
Telephone number: +46 70 354 24 07