Changes in management

Agrokultura AB (“the Group”), the owner and operator of farmland with
agricultural operations in Russia and Ukraine announces certain management
changes in its business.
The following changes have been made in the Group’s Russian business:

- Eduard Gaidar appointed Russia Managing Director. Mr Gaidar was previously
Head of Logistics for Russia.

- Torbjorn Karlsson appointed Russia COO. Mr Karlsson was previously Head of
Agronomy Russia.

Eduard Gaidar (age 46) has worked with Agrokultura the since 2010. Prior to this
he worked as a project manager in a food and dairy business. He also worked for
PepsiCo and Gallina Blanca companies involved in starting up their new branch
offices in Russia. He holds a university degree in crisis management from Moscow
State University of Economics, Statistics and Informatics. He will focus on
running the non-farming aspects of the business in Russia. Mr Gaidar lives and
works in Voronezh, Russia.

Torbjorn Karlsson (age 38) joined Agrokultura’s Russian business in February
2010 following two years as a production director at Black Earth Farming. Mr
Karlsson has MSc in Agronomy from Swedish University of Agricultural Sciences.
Prior to moving to Russia, Mr Karlsson worked from 2002 to 2008 as a crop
consultant in Farmers’ Cooperative Lantmännen in Sweden. Mr Karlsson is
responsible for Russian farming related operations and lives and works in
Voronezh, Russia.

Following the resignation of the Deputy Managing Director in December 2013 and
following the promotion of Kristian Shaw to Group CFO, both the posts of Deputy
Managing Director and Deputy CFO have remained and will remain unfilled. In
addition the former roles of the new Russian Managing Director and COO will not
be filled.

Stephen Pickup, Managing Director commented:

“I am delighted to welcome Eduard and Torbjorn into their new roles. Both have
considerable experience with the company and their appointment will streamline
the Russian management team whilst clarifying reporting structures. The
ambitious targets we have set for cost cutting require all staff to take on
responsibility and I am pleased there is enthusiasm within the business to do
this.

I would like to thank Jens Peter Aabyen and Igor Suvorov respectively former
Russia Managing Director and Russia COO for their contributions over the past
years.”
Stockholm, 15 April 2014
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.