Black Earth Farming issued its Year-end Report for the year ending 31 December 2007 on Thursday 28 February, 2008. The company will hold a telephone conference with an interactive presentation at 15.00 pm (CET) on Tuesday 4 March 2008, hosted by the company's president Michel Orloff. The company's Chief Agronomist, Sture Gustavsson, and Black Earth Farming's Director of Investor Relations, Gustav Wetterling, will also attend the conference. If you wish to participate, please dial in to the number below. Date: Tuesday 4 March 2008 Time: 15.00 CET Dial-in details: London: +44 (0)20 7806 1957 New York: +1 718 354 1389 Stockholm: +46 (0)8 5352 6407 Participant passcode: 9047978 Please call in 5 minutes before the conference starts and stay on the line (an operator will be available to assist you) To take part of the interactive presentation and the Q&A session, please log on to: http://www.livemeeting.com/cc/premconfeurope/join?id=9047978&role=attend&pw=pw29 84 Or visit the website http://www.euvisioncast.com and login using the following information: Meeting ID: 9047978 Meeting Password: pw2984 For additional information, please contact: Gustav Wetterling, IR Director, Black Earth Farming Ltd., tel: +44 207 117 81 00 Notes to the Editor: Black Earth Farming Ltd. is a leading farming and land owning company operating in Russia. It acquires, owns and cultivates agricultural land assets primarily in the fertile Black Earth region in southwest Russia. Black Earth Farming was among the first foreign financed companies to make substantial investments in Russian agricultural land assets, and because of its early establishment, Black Earth Farming has now gained a strong market position in the Kursk, Tambov, Lipetsk, Samara, Voronezh and Ryazan areas, controlling 280,000 hectares of what perhaps is the world's most fertile soil. Black Earth Farming will continue to acquire farmland in order to draw full benefits of economies of scale in its operations. In 2007, Black Earth Farming harvested approximately 52,000 hectares of crops, of which the greater part was wheat. Founded in 2005 by Michel Orlov, the company has been developed by the listed investment companies Vostok Nafta Investment Ltd. and Investment AB Kinnevik (publ).