Livestock update Q2 2012

Alpcot Agro increases milk production by 49.4 percent in the second quarter 2012
compared to the same period last year.
Highlights for the period

During Q2 2012, the average milk production on the Company’s dairy farms
amounted to 53.2 tons per day, an increase by 49.4 percent from 35.6 tons per
day in Q2 2011.

The average production per cow increased from 499 liters per month during Q2
2011 to 579 liters per month during Q2 2012, a growth by 16 percent.

As at 30 June 2012, the livestock herd amounted to 6,973 animals, whereof 3,204
dairy cows, 2,951 heifers and 818 bulls and calves, compared to 6,104 animals
whereof 2,801 dairy cows, 2,530 heifers and 773 bulls and calves at the same
date last year.

During Q2 2012, sales of livestock related produce amounted to RUB 80.5 million
including VAT (about SEK 17.1 million), an increase by 54 percent compared to
the same period 2011 and by 1.4 percent compared to the first quarter 2012.

Jens Peter Aabyen, Managing Director of Alpcot Agro, comments:

”In the past quarter we have seen further positive developments across the
livestock business. The milk production per cow is now on a historical high and
the sales of both milk and meat are increasing significantly. As part of
improving the overall genetics of the livestock, the number of cattle will be
slightly reduced during the year, but this will not have material effect on the
production volumes.”

Stockholm, 12 July 2012

For more information please contact:

Jens Peter Aabyen, Managing Director, tel +7 903 779 23 36
Stephen Pickup, Group CFO, tel: +44 782 529 4352

About Alpcot Agro’s livestock business:

Alpcot Agro operates four large dairy farms in Russia, each located in one of
the Company’s crop production clusters in Kaliningrad, Lipetsk and Voronezh
oblasts. The business also includes a meat production unit in Kursk oblast.
About Alpcot Agro AB (publ)
Alpcot Agro is a Swedish limited liability company incorporated in 2006. The
Company's business idea is to generate an attractive return on invested capital
by optimally utilizing the Company’s agricultural land bank through crop
production, dairy farming and other similar operations in Russia and the other
CIS states. The shares in Alpcot Agro are listed on First North under the ticker
ALPA and the Company’s Certified Adviser is Remium Nordic AB. Additional
information is available on www.alpcotagro.com.