Alpcot Russian Land Fund AB is expanding rapidly and now controls more than 81 000 hectares.

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Operational update before initiation of grey market

Alpcot Russian Land Fund AB now controls more than 81 000 hectares of agricultural land in Russia. The company has also entered a new region, Tambov. The company has since earlier established operations in the regions of Volgograd and Voronezh. The company is planning to harvest approximately 50 000 hectares in 2008.

Alpcot Russian Land Fund’s share will start trading unofficially with Carnegie Investment Bank AB on November 26, 2007.