Securities Commission of Lithuania approved the shares prospectus of Agrowill Group AB

Yesterday, on the 14th of March, the Securities Commission of Lithuania 
approved the Initial Public Offering prospectus of agricultural investment 
and management company Agrowill Group AB. The offering consists of public 
offering to all non-professional investors in Lithuania only and 
institutional offering to all professional investors outside the United 
States. AB. From 17th of March until 27th of March, the investors will 
be able to submit tenders to acquire around 25 per cent or 6 777 777 
shares of the Company. The Lead Manager and book runner of the Offering 
is investment bank GILD (Estonia), and the Co-lead Manager and Underwriter 
is FMĮ Finasta AB. Agrowill Group AB seeks to become the first listed 
agricultural sector company in Lithuania and the Baltic States.

"Currently Agrowill Group AB holds a firm position in the domestic market. In 
addition to that we see strong growth possibilities both in Lithuania and 
abroad, thus potential investors can expect good returns on their investment" 
- said Agrowill Group AB general director Valentas Šulskis.

The offer price of Agrowill Group shares is in range between LTL 4.50 and 
LTL 5.50 (from EUR 1.30 to 1.59) per share. The offered shares will be sold 
to investors on the condition that the main shares of the offering (6,100,000) 
are placed. 

Investment bank GILD partner Šarūnas Skyrius: “We believe that IPO of the 
agricultural company on the stock exchange is a great opportunity for 
investors to take advantage of the growing prices of agricultural 
commodities. Both local and global demand for agricultural products is 
on the rise. Centralized management of agricultural entities allows the 
Group to increase efficiency and value of the Group. In addition to that, 
the Group has a clear vision of expansion not only in Lithuania, but 
also in the “black earth” region in Russia, Ukraine and Moldova."

Agrowill Group AB plans to submit an application to Vilniaus vertybinių
popierių birža AB for the conditional listing of its shares on the 
Main List of Vilnius Stock Exchange.

After significantly expanding the crop fields and increasing the dairy 
production capacity the Company plans that in 2008 the consolidated 
revenues from main activities will grow by 36 per cent and reach 
LTL 58 million (EUR 16.80 million), while EBITDA will grow by 46 per cent
to LTL 23 million (EUR 6.66 million). Forecasted net result for the year
ammounts to LTL 11.5 million (EUR 3.33 million) - a 20 per cent increase
as compared to 2007.

The unaudited revenues of agricultural investment and management Company and 
its subsidiaries Group in 2007 (without taking into account the revaluation 
of Investment property according to TFAS) ammounted to LTL LTL 43 million
(EUR 12.45 million) and were 57 per cent higher than in 2006. The Net profit
from agricultural operations in 2007 grew more than 3 times and ammounted
to LTL 9.8 million (EUR 2.84 million).

More information about the Offering is available in the Companies website:
www.agrowill.lt.


Domantas Savičius
CFO
(8-5) 233 53 40