Press release St Helier, Jersey April 15, 2009 BLACK EARTH FARMING LTD 2008 ANNUAL REPORT AND FINANCIAL CALENDAR 2009 Black Earth Farming Ltd (the "Company") announces the publishing of its 2008 Annual Report and a comprehensive financial calendar for 2009. The 2008 Annual Report is as of today available for download from the Company's website: www.blackearthfarming.com. Printed copies will be provided upon request. Financial Calendar 2009 Annual General Meeting, May 15, 2009 in Stockholm, Sweden. Interim Report, January-March, May 26 Interim Report, January-June, August 24 Interim Report, January-September, November 24 For additional information, please contact: Gustav Wetterling, IR Director, Black Earth Farming Ltd., tel: +44 207 117 81 00 Notes to Editor: Black Earth Farming Ltd. is a leading farming company, publicly listed in Stockholm and operating in Russia. It acquires, owns and farms agricultural land assets primarily in the fertile Black Earth region in southwest Russia. Black Earth Farming has gained a strong market position in the Kursk, Tambov, Lipetsk, Samara, Voronezh and Ryazan areas, controlling over 317,000 hectares of what perhaps is the world's most fertile soil. In 2008 Black Earth Farming harvested some 141,900 hectares and in 2009 it plans to harvest over 180,000 hectares, effectively making it one of the world's largest farming companies by planted area. Black Earth Farming's Certified Advisor on First North is E. Öhman J:or Fondkommission AB