Agrokultura AB (publ) has resolved on a directed share issue against payment through set-off of claims to holders of promissory notes

The board of directors of Agrokultura AB (publ) has today, pursuant to an
authorization granted by the annual general meeting 2014, resolved on a directed
share issue against payment through set-off of claims whereby the company’s
share capital may increase with not more than SEK 36 272 355 through the
issuance of not more than 7 254 471 new shares.
As informed in connection with the annual general meeting 2014, the purpose with
the proposed authorization was to enable payment through set-off of claims to
holders of freely transferable promissory notes issued by the company in
accordance with an agreement with Alpcot Capital Management Ltd. The board of
directors has deemed it to be in the best interest of the company and its
shareholders and has therefore now resolved to make use of the authorization for
such purpose. The subscription price, established in accordance with the terms
and conditions in the agreement with Alpcot Capital Management Ltd, is SEK 5 per
share and the board of directors is of the opinion that the subscription price
at least corresponds to the market value. Subscription for the newly-issued
shares shall take place within five (5) working days of the date of the
resolution to issue new shares (at which time set-off of claims will be
effected).

The share capital of Agrokultura today amounts to SEK 695,043,290 divided
between 139,008,658 shares, each with a quotient value amounting to SEK 5. The
new share issue may therefore entail a dilution of approximately not more than
4.96 per cent of the company’s share capital and total number of votes
(percentage calculation based on the maximum number of shares and votes that may
be issued divided with the total number of shares and votes after the new
issue).

Other
This press release contains information which the company is to disclose
pursuant to the Financial Instruments Trading Act (1991:980) and/or the
Securities Market Act (2007:528). This information was sent for publishing at
08.30 (CET) on Friday 31 October 2014.

For additional information, please contact:
Stephen Pickup, Group Managing Director, tel: +44 782 529 4352
Kristian Shaw, Group CFO, tel: +44 782 529 4356
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN, OR
INTO, THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, JAPAN, NEW ZEELAND,
SWITZERLAND, SINGAPORE OR SOUTH AFRICA. PLEASE ALSO SEE THE SECTION “IMPORTANT
MESSAGE” BELOW.
IMPORTANT MESSAGE
This press release is not an offer to subscribe for securities in Agrokultura AB
(publ). The information set forth herein is for informational purposes only and
does not constitute an offer of securities for sale in the United States or any
other jurisdiction in which such an offer or solicitation would be unlawful. The
securities referred to herein have not and will not be registered under the
United States Securities Act of 1933, as amended, (the “Securities Act”), or the
laws of any state, and may not be offered or sold within the United States
except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable state laws.
Copies of this press release are not produced and may not be distributed or
sent, in whole or in part, directly or indirectly, in, or into, the United
States, Canada, Australia, Hong Kong, Japan, New Zeeland, Switzerland, Singapore
or South Africa or in, or into, any other jurisdiction where such measure may be
unlawful.
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.