Trigon Agri attracts the Ingman family from Finland as an investor into its Estonian milk farms


Trigon Agri is pleased to announce that it has completed a limited capital
raising for its Estonian dairy farming subsidiary AS Trigon Dairy Farming
Estonia (‘TDFE’). As a part of the transaction, the Ingman Group from Finland
acquired 21% of TDFE. Ingman Group is the investment vehicle of the Ingman
family which owned the largest independent milk processing businesses in Finland
until they were recently acquired by Arla and Unilever. The transaction with
TDFE was carried out at a valuation equal to the consolidated book value of the
Estonian dairy farms of Trigon Agri as at the end of 2012.

‘Receiving an investment from an investor with exceptional experience and
expertise in the milk processing sector in Scandinavia is a clear sign of the
very high quality of our Estonian dairy farming operations. I am very happy with
the results achieved to date by the management team and believe that having such
a strong partner will greatly benefit TDFE as it strives over time to become the
largest and the most efficient dairy farming group in the EU region’; commented
Joakim Helenius, Chairman of Trigon Agri.

Following the transaction, TDFE becomes self-financing as a subsidiary and will
have the ability to fully carry out the modernisation and expansion of its
recently acquired Väätsa farm, with the aim to develop it in two stages into the
largest milk farm in the EU with planned capacity of 3,300 milking cows housed
in one large facility. With the capital raising transaction completed, Trigon
Agri is now free to proceed in releasing value from its Estonian dairy farming
operations as has been declared in previous stock exchange releases by selling
shares to outside investors.

The Estonian dairy farms belonging to TDFE had consolidated revenue of EUR 10.7
million and EBITDA of EUR 2.2 million in 2012. As of year-end 2012, the
operations carried bank borrowings of EUR 8.6 million, which will remain with
the subsidiary following the completion of the transaction with the Ingman
family.

Investor enquiries:

Mr. Ülo Adamson,

President and CEO of Trigon Agri A/S

Tel: +372 66 79200

E-mail:mail@trigonagri.com

About Trigon Agri

Trigon Agri is a leading integrated soft commodities production, storage and
trading company with operations in Ukraine, Russia and Estonia. Trigon Agri’s
shares are traded on the main market of NASDAQ OMX Stockholm. Trigon Agri is
managed under a management agreement by Trigon Capital, a leading Central and
Eastern European operational management firm with around USD 1 billion of assets
under management.

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