Agrowill Group AB will apply with the petition to extend the term for approval of the restructuring plan

Taking into account that:
1) Law on Corporate Restructuring provides the possibility to extend the term
for approval of restructuring plan; 
2) Company has issued the proposals for bondholders with regard to
possibilities to decrease the level of the debt of the Company and to supersede
one obligation to another, and announced it on September 3, 2010; 
3) obligations of the investors into new issue of the 37.572.650 LTL shares to
pay the price have extinguished by a set-off of a counter-claims on the basis
of the 
unilateral notification by investors and taking into account the rights of
creditors as laid down in Article 9(1)(6) of the Law on Corporate
Restructuring; 
4) purpose of the above mentioned proposals to the bondholders is to create the
same  conditions for the bondholders as other investors into Company had ; 
5) Company has set the deadline for bondholders to respond- September 23, 2010, 
6) the content of the restructuring plan of the Company will be finally
determined only after receipt of the responses of the bondholders; 
the Board of the Company decided to apply to the court with the petition to
extend the term for approval of the restructuring plan. 

Vladas Bagavičius
Member of the Board
+370 5 233 5340