ANNOUNCEMENT FROM THE BOARD IN LIGHT OF THE MANDATORY BID MADE BY STEENORD

The Board of Agrokultura AB has today received the announced mandatory bid by
the new major shareholder Steenord Corp (“Steenord”). The offered price per
share is 4.50 SEK in cash and the bid is valid without any further conditions
for execution except for the required competition clearance. The formal offer
document is expected to be announced on 4 September 2014, and the period of
acceptance of the bid is expected to be between the 8 September and the 24
October 2014. The press release, whereby Steenord launches the offer, is
published below.
As the Board previously announced, it looks positively on the new major
shareholders’ intentions for Agrokultura and on the fact that the mandatory bid
rules of First North are followed. The Board welcomes the new specific cash
offer which is clearly in excess of the share price during a considerable time
before Steenord started buying shares of Agrokultura. According to existing
rules, it falls upon the Board to make a statement to the shareholders, at the
latest two weeks before the expiry of the acceptance period, regarding whether
the shareholders should accept the offer or not. The Board will therefore return
with a more detailed announcement regarding the offer within the aforementioned
timeframe, whereby the Board also will be able to take Steenord’s formal offer
document into account.
Stockholm on 28 August 2014
The Board of Directors
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.