Alpcot Russian Land Fund AB has successfully raised SEK 360 million in a new share issue

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

Alpcot Russian Land Fund AB this morning issued six million shares in a directed new share issue to high quality investors in Sweden and internationally. The number of new shares corresponds to approximately 28 per cent of the number of shares after the offering.

Carnegie is financial adviser to Alpcot Russian Land Fund AB.