Report for the financial year 2009

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The report for the financial year 2009 for Alpcot Agro AB (publ) (“Alpcot Agro”, “the Company” or “the Group”) has been approved by the board. The audited annual report will be published both in Swedish and in English no later than two weeks before the annual general meeting. The information presented is the unaudited financial results for the period 1 January 2009 – 31 December 2009. (Numbers within brackets refer to the period 1 January 2008 – 31 December 2008 unless otherwise stated) Financial highlights for the period • The Group's total revenues for 2009 increased by 491 per cent and amounted to SEK 179 million (SEK 30 million). • The Group’s gain on revaluation of biological assets for 2009 amounted to SEK -4 million (SEK 94 million). • Operating loss for 2009 amounted to SEK -189 million (SEK -111 million). • Personnel expenses for the period amounted to SEK 54 million (SEK 51 million), other external expenses amounted to SEK 85 million (SEK 94 million) and depreciation amounted to SEK 46 million (SEK 35 million). • The Group net loss for 2009 amounted to SEK - 174 million (SEK -96 million). Cash and cash equivalents of the Group as of 31 December 2009 was SEK 33 million (SEK 106 million). • Earnings per share for 2009 is SEK -5.03 (-3.21). Equity per share as of 31 December 2009 was SEK 27.21 (34.90). • Total investments in land acquisition during 2009 amounted to SEK 11 million and investments in new machinery and equipment during the year amounted to SEK 47 million. • The Company raised SEK 65 million from an issue of convertible bonds in March 2009. • The Company’s shares were accepted for trading on NASDAQ OMX First North in Stockholm with the ticker name ALPA. First day of trading was Monday 19 October 2009. • The board proposes that no dividend is paid for the financial year 2009. Important events after the end of the period • The preferential rights issue that was announced on November 24, 2009 was completed in January 2010 and raised SEK 235 million before issue costs. • On 24 November 2009 the Company announced an offer to acquire all outstanding shares of BBAH Sweden AB (“BBAH”). The offer ended on 26 February 2010 with Alpcot Agro gaining control of 95.2 per cent of the shares in BBAH. Björn Lindström, CEO of Alpcot Agro AB, comments “2009 was a challenging year, but not a lost year. Despite the disappointing financial result, considerable and calculated efforts have been made during 2009 to improve the company’s long-term profitability prospects. These efforts include changes in Alpcot Agro’s land bank, evaluation of options within vertical integration, cost reductions and recruitment of key personnel. It is a time consuming work, but when soft commodity markets recover Alpcot Agro will be well positioned to benefit. The main objective for the Company is to reach profitability.“ Annual General Meeting 2010 The Annual General Meeting will take place on Monday May 17, 2010 at 16:00 in Stockholm. Stockholm, 30 March 2010 Alpcot Agro AB (publ) The Board of Directors For further information please contact: Björn Lindström, Managing Director +44 (0) 207518 0530 Joakim Ollén, Chairman of the Board +46 (0) 70 354 24 07 The preliminary reporting calendar for 2010 is 3 May, 2010 Annual Report 2009 17 May 2010 Annual General Meeting 2010 31 August 2010 Interim Report January-June 2010 30 March 2011 Report for the financial year 2010