News release from Extraordinary General Meeting

Today, Friday 18 March 2011, Alpcot Agro AB held an Extraordinary General Meeting. The Extraordinary General Meeting unanimously passed the following resolutions in accordance with the Board of Directors' proposals:

Changes of §§ 4 and 5 of the articles of association so that the share capital shall be not less than SEK 200,000,000 and not more than SEK 800,000,000, and the number of shares shall be not less than 40,000,000 and not more than 160,000,000. Change of § 8 that notices to attend a general meeting shall be issued in the Official Swedish Gazette (Post- och Inrikes Tidningar) and on the Company's website, accompanied by an announcement that the notice has been issued in Svenska Dagbladet.

Approval of the Board’s resolution, as published on 16 February 2011, of a new share issue with preferential rights for the shareholders wherein each share held on the record date carries 1 subscription right, which entitles to subscription with preferential right for 1 new share with a subscription price of SEK 6.50 per new share. The record date shall be 24 March 2011.

Stockholm, 18 March 2011

Alpcot Agro AB (publ)

For additional information, please contact:
Björn Lindström, CEO. Tel: 44 79798 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.