Livestock update Q3 2013

Agrokultura AB (First North Stockholm: AGRA, “Agrokultura” or “the Company”),
the producer of agricultural commodities  in Russia and Ukraine, reports its
livestock update for Q3 2013.
During Q3 2013, the average milk production on the Company’s Russian dairy farms
amounted to 42.2 tons per day, a decrease of 6.6 per cent from 45.2 tons per day
in Q3 2012.
The average production per milking cow amounted to 512 litres per month in Q3
2013, an increase by 4 per cent compared to Q3 2012 (492 litres per month).
In Q3 2013, sales of livestock related produce totalled SEK 13.2 million (USD
2.0 million), a decrease by 13 per cent compared to SEK 15.2 million in the same
period in 2012. Milk sales were SEK 11.2 million (USD 1.7 million) and meat
sales amounted to SEK 2.0 million (USD 0.3 million). All numbers exclude VAT.
At 30 September 2013, the Company’s Russian livestock herd amounted to 6,392
animals, consisting of 2,393 milking cows, 2,864 heifers, 643 dry cows, and 492
bulls and calves, compared to 6,616 animals at the same time last year. The
Company also has a small livestock herd in Ukraine, which is not included in
this report.
Stephen Pickup, Managing Director, comments:
”We are now in a favourable situation where we benefit both from low input costs
thanks to the increased self-sufficiency of forage crops but also from the milk
prices which, at the period end, had reached the highest levels during the whole
year. The outlook for profitability in the Company’s livestock business
therefore is good.”

Stockholm, 22 November 2013
For additional information, please contact:
Stephen Pickup, Group Managing Director, tel: +44 782 529 4352
Kristian Shaw, Group CFO, tel: +44 782 529 4356
About Agrokultura AB (publ)
Agrokultura invests in farmland and produces agricultural commodities in Russia
and Ukraine. The Group aims to generate an attractive return on invested capital
by optimally utilizing its agricultural land bank through crop production,
livestock and related operations. Shares in Agrokultura are listed in Sweden on
the Nasdaq OMX First North exchange under the ticker AGRA and the Group’s
Certified Adviser is Remium Nordic AB.