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2014-04-23

Agrokultura: Crop condition report

Agrokultura AB ("the Group"), the owner and operator of farmland with
agricultural operations in Russia and Ukraine announces a condition
update for its winter planted crops.

In Russia where 16,300 ha of winter wheat were planted in 2013,
weather conditions have been less optimal than in the previous year.
The seeding campaign was characterised by very wet conditions. This
caused a reduction in planting levels which will be addressed by an
increase in spring planting 2014. Winter conditions have been
reasonable with a wet and relatively warm end to 2013. While
temperatures dropped to -35 Celsius in January 2014, the crop was
protected by snow cover which has led to no material winter losses. A
majority of the cropped area is designated as satisfactory or
excellent with the latest planted areas being weak. Weather over the
coming months to harvest will dictate what yields are to be achieved.

In Ukraine where 24,700 ha were seeded, made up of 12,400 ha of winter
rapeseed, 8,200 ha of winter wheat and 4,100 ha of winter barley,
similar weather conditions have been encountered to Russia which has
also led to no material winter losses. Approximately 85 per cent of
fields are deemed to have emerged from the winter in excellent
condition with the remainder in average condition.

Stephen Pickup, Managing Director, commented
"We have come out of the winter undamaged with the potential for good
yields. Harvest for those winter crops will be upon us shortly and we
will focus our attention on ensuring all necessary resource is put
into the extraction of the maximum yield possible. The pricing
environment is showing some positive trends and we are hoping for
favourable weather conditions for the rest of the season."

For additional information, please contact:
Stephen Pickup, Group Managing Director, tel: +44 782 529 4352
Kristian Shaw, Group CFO, tel: +44 782 529 4356

About Agrokultura AB (publ)
Agrokultura invests in farmland and produces agricultural commodities
in Russia and Ukraine. The Group aims to generate an attractive
return on invested capital by optimally utilizing its agricultural
land bank through crop production, livestock and related operations.
Shares in Agrokultura are listed in Sweden on the Nasdaq OMX First
North exchange under the ticker AGRA and the Group's Certified
Adviser is Remium Nordic AB.

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http://news.cision.com/agrokultura/r/crop-condition-report,c9573404

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