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 share issue prospectus of agricultural investment and 
management company Agrowill Group 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 
bookrunner of the Offering is investment bank GILD (Estonia), Co-lead Manager 
and Underwriter - 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
into the companies shares" - said Agrowill Group AB general director Valentas
Šulskis.

The determined price range of Agrowill Group AB share issue is from LTL 4.50
to 5.50 (from EUR 1.30 to 1.59) per share. The shares are offered to the
investors with a condition that all the shares from the main offering, i.e. 
6 100 000 shares, will be issued.

Investment bank GILD partner Šarūnas Skyrius: "We think, that addition of 
fast-growing agricultural investment and management Company to the Stock 
Exchange is a great possibility to the investors to benefit from the 
increasing prices of agricultural commodities. The demand for agricultural
goods in Lithuania and whole world is constantly increasing. The centralized 
management of agricultural entities allows the Group to increase 
efficiency and value of the Group. In addition to that, the Company 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