Trigon Agri A/S bondholders have approved proposals submitted for voting in written procedure

The Holders have approved two debt restructuring proposals made by Trigon Agri
A/S in relation to its SEK 350 million senior secured bonds with ISIN
SE0004019008

Intertrust CN (Sweden) AB, acting in its capacity as agent for the holders under
the terms and conditions of the bonds, initiated on 12 April 2016, on the
request of the issuer, a written procedure in which the holders could approve or
reject two separate proposals for a debt restructuring of the bonds made by the
issuer. The first proposal involves a partial redemption in kind of the bond
debt with an aggregate amount of 55,685,000 SEK (i.e. 1,591 SEK per bond)
against allotment of shares in a Swedish public limited liability company. Upon
the partial redemption, each holder will be allotted one share in the Swedish
public limited liability company per bond held. The holders will, through the
ownership in the Swedish public limited liability company, indirectly receive a
right to convert convertible bonds into maximum 195,000,000 shares in Trigon
Agri A/S on certain conditions. The second proposal is a waiver request in
respect of a bridge loan to be incurred by Trigon Agri A/S in the maximum amount
of 2,000,000 EUR and certain collateral in relation thereto.

The written procedure was closed at 17:00 (CET) on 27 April 2016. Holders
representing 60.55 % of the total nominal amount participated in the written
procedure, hence it was concluded that the quorum requirement was met in respect
of both proposals. Of the participating holders 98.58 % approved the partial
debt to equity swap and 98.58 % of the participating holders approved the waiver
request in respect of the bridge loan and the related collateral. This means
that both of the issuer’s debt restructuring proposals have been approved by the
holders and will be binding for all holders irrespective of whether they have
participated in the voting or how they have voted.

The approval of the partial debt to equity swap as described above will however
not become effective unless the Danish Financial Supervisory Authority has
confirmed that no mandatory tender offer obligation apply or that it has given a
waiver in respect thereof and the Swedish public limited liability company meets
the conditions set out in the notice of the written procedure.

Provided that all the conditions for the effectiveness of the approval of the
partial debt to equity swap have been fulfilled, the agent will immediately
notify the holders of the occurrence of the effective date by sending a notice
to the direct registered holders and the nominees by regular mail, make a
publication on its website (http://www.intertrustgroup.com/en/capital-markets)
and issue a press release. Such notice will set out i) the record date on which
a person must be a holder to be allotted shares in the Swedish public limited
liability company against partial redemption of its bond debt and ii) the
redemption date for the early partial redemption of the bond debt and the date
for the allotment of the shares in the Swedish public limited liability company.

The approval of the second proposal, being the waiver request in respect of the
bridge loan incurred by Trigon Agri A/S and the related collateral has become
effective as of 27 April 2016.

For further information:

The issuer:

Trigon Agri A/S

Simon Boughton, CEO

Email: mail@trigonagri.com

Tel: +372 66 79 200

The agent:

Intertrust CN (Sweden) AB

Kristofer Nivenius

Tel: +46 8 402 72 18

Sara Olsson

Tel: +46 8 402 72 39

Email: trustee@intertrustgroup.com

About Trigon Agri

Trigon Agri is an 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 Stockholm.

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