Land bank update
Alpcot Agro AB (“Alpcot Agro”, “the Company”) presents its new cluster organisation and announces significant progress in the land registration of the Company’s Russian land assets.
Alpcot Agro’s restructuring of the land bank is progressing. The Company is concentrating its crop production to four mega clusters in Russia and two clusters in Ukraine. The Company also has a centre for livestock in Voronezh in Russia. The Company is in negotiations regarding sale of land assets outside its identified mega clusters in Russia, which might materialise in the near future.
As of 31 December 2010 the Company controlled 188,700 hectares in Russia, an increase from 170,000 hectares per 31 December 2009, and 15,800 hectares in Ukraine, compared to 7,400 hectares per 31 December 2009. The split between the clusters are shown in the table below.
Russia, land bank per cluster as of 31 December 2010
| Russia | Hectares |
| Ertil/Mordova cluster | 41,300 |
| Kaliningrad cluster | 15,000 |
| Kursk cluster | 48,800 |
| Lipetsk cluster | 17,900 |
| Vorobievka cluster (livestock) | 12,000 |
| Other land assets | 53,700 |
| Total land under control, Russia | 188,700 |
Ukraine, land bank per cluster as of 31 December 2010
| Ukraine | Hectares |
| Western Ukraine | 13,600 |
| Poltava | 1,100 |
| Other land assets | 1,100 |
| Total land under control, Ukraine | 15,800 |
The Alpcot Agro group has also made significant progress in gaining direct control of the land assets in Russia, and the amount of directly registered land increased in 2010 from 23,600 hectares to 75,700 hectares as of 31 December 2010.
Stockholm, 18 March 2011
For additional information please contact:
Björn Lindström, Managing Director, +44 7979 855 556
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.