Agrovaldymo grupė AB changes name to Agrowill Group AB

Today, on the 5th of December, Registrar of the Republic of Lithuania
registered the new name of the largest agricultural investment and 
development company - Agrowill Group AB. The name change was iniciated
after approving the international expansion plan. Up to now, the 
Company operated as Agrovaldymo grupė AB.

"Becoming Agrowill Group AB is an important and very well evaluated
step. We have chosen a Company name which is not only understandable
for individuals in Lithuania and abroad, but also reflects our values
and activities. Change of the name is important step in the international
expansion process" - says Mr. Valentas Šulskis, general director of 
the Company.  

The Company has already started the registration of subsidiaries in 
Russian Federation and Moldova. There are plans to acquire
fertile land in Kazachstan and Romania in the nearest future. The 
Group plans to implement and develop the primary agricultural 
production business model in the above mentioned countries.

Domantas Savičius
CFO
(8-5) 233 53 40