(For table see attached file.)
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 operating in Russia. It
acquires, owns and cultivates 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 300,000 hectares of what perhaps is the world's most
fertile soil. Black Earth Farming will continue to acquire farmland in order to
draw full benefits of economies of scale in its operations.
In 2007, Black Earth Farming harvested approximately 53,000 hectares with
crops, of which the greater part was wheat. In 2008, Black Earth Farming plans
to harvest about 150,000 hectares.
Founded in 2005 by Michel Orlov, the company has been developed by the listed
investment companies Vostok Nafta Investment Ltd. and Investment AB Kinnevik
(publ).
Black Earth Farming's Certified Advisor on First North is E. Öhman J:or
Fondkommission AB
