Agrokultura materially completes Kaliningrad Sale

Agrokultura AB (“the Group”), the owner and operator of farmland and
agricultural operations in Russia and Ukraine, reports the material completion
of its sale of its Kaliningrad operations.
On 23 December 2013, the Group announced the sale of its operation in
Kaliningrad. As part of the recently executed agreements, a further SEK 64
million has been received. Agreements relating to some remaining assets and land
plots which together with the limited funds held back in escrow account for
approximately 15% of the total disposal proceeds are expected to be signed
before the year end and received by 30 June 2015. The terms of the transaction
have remained materially the same with the Group to receive a net cash flow of
over SEK 100 million. This divestment is consistent with the Company’s long-term
strategy to divest non-core holdings and create a more consolidated and
controlled operation to drive cost reduction efforts.

Stephen Pickup Group MD commented;

“Although the transaction was considerably more time consuming to conclude than
we had hoped, we are now pleased to announce the end of the execution phase of
our disposal process in Kaliningrad. We will now be able to spend more
management time focused on operations and other land rationalisation projects.
The divestment of the cluster in Kaliningrad is a significant success for the
business at a price significantly in excess of the attributed value according to
the Company’s share price and close to book value.”

Stockholm 2 July 2014
For more information, contact:
Stephen Pickup, Managing Director, tel. +44 782 529 4352

Kristian Shaw, 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.