BLACK EARTH FARMING LTD - 2009 ANNUAL REPORT


Press release                                                                   
St Helier, Jersey                                                               
April 12, 2010                                                                  


                   BLACK EARTH FARMING LTD - 2009 ANNUAL REPORT
             
Black Earth Farming Ltd. (the “Company”) announces the publishing of its 2009   
Annual Report.                                                                  

The 2009 Annual Report is as of today available for download from the Company's 
website: www.blackearthfarming.com.

Printed copies of the Annual Report are sent upon requests mailed to
info@blackearthfarming.com or received by phone. 

The annual general meeting of shareholders will be held on Wednesday, May 26,   
2010 in Stockholm, Sweden.                                                      

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, publicly listed in       
Stockholm and operating in Russia. It acquires, develops and farms 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 some 330,000 hectares of
what perhaps is the world's most fertile soil.                                  

In 2008 Black Earth Farming harvested 141,900 hectares and in 2009 it has       
harvested over 183,000 hectares, effectively making it one of the world's       
largest farming companies by planted area. The Company's main products are      
wheat, barley, corn, sunflowers and rape seeds.                                 

Corporate website: www.blackearthfarming.com

Attachments

bef_ar09_web.pdf
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