Agrowill Group AB - Notification on material event

The extraordinary shareholders meeting of Agrowill Group AB

The extraordinary General Meeting of Agrowill Group AB shareholders (company
code 126264360, registered address: Smolensko st. 10, Vilnius) will take place
on 
March 25, 2011 at 9.00 a.m. on the initiative and decision of the Board.

The meeting will be held at the hotel „Europa City Vilnius“, conference room,
Jasinskio 
st. 14, Vilnius.The registration begins at 8.30 a.m.

The General Meeting of Shareholders' accounting day is 18 March, 2011.
The shareholders' property rights accounting day is 1 April, 2011.

The meeting is convened on the grounds of:

a)      On 17 November 2010 the General Meeting of Shareholders decided to
increase the 
share capital of the Company by additionally issuing 35 million ordinary shares
with a 
nominal LTL 1 value each;
b)     On 17 November 2010 the General Meeting of Shareholders decided to
initiate the 
inclusion of Companies shares (including the newly issued ones) into public
trading on the 
Warsaw stock exchange;
c)      Because of organizational and market conjuncture, the listing on the
Warsaw stock 
exchange will be carried out in May - June of 2011;
d)     Because of currently present high grain, rapeseed, and raw milk prices
and forecasted 
further increases, it is advisable to utilize the production capacities to the
maximum; therefore, 
to meet the current capital needs to fully utilize the production capacities of
the Company it is 
necessary to issue additional 10 million ordinary shares with a nominal LTL 1
value each; 
e)      After increasing share capital by LTL 10 million, there will be a new
resolution taken 
regarding the additional LTL 35 million shares issuance and listing of the
shares on the 
Warsaw stock exchange.

Agenda of the Meeting:

1. Regarding annulment of decisions of extraordinary shareholders meeting of the
Company as of 17 November, 2010.
2. Regarding increase of share capital of the Company by issuing new issue of
the shares. 
3. Regarding the recall of priority right to acquire the new issue of the
shares. 
4. Regarding granting priority rights to acquire the new issue of the shares.
5. Regarding amendments to by-laws of the Company.
6. Regarding implementation of resolutions.
7. Regarding authorization of the Board.

Shareholders of the Company have a right to participate and vote at the General
Meeting 
of Shareholders personally or by proxy, or represented by the person with whom
an 
agreement on the transfer of voting rights is concluded.

A person attending the General Meeting of Shareholders and having a voting
right must 
bring with him/her a person's identification document. A person who is not a
shareholder 
must additionally produce a document confirming his/her right to vote at the
Annual General 
Meeting of Shareholders.

Each shareholder shall have a right, in the manner established by the Law, to
authorize 
another (natural or legal) person on his/her behalf to attend and vote at the
General Meeting 
of Shareholders. At the General Meeting of Shareholders, an authorized person
shall have 
the same rights as would be held by the shareholder represented by him/her,
unless the 
authorized person's rights are limited by the power of attorney or by the Law.
The authorized 
person must provide a power of attorney certified in the manner established by
the Law. 
A power of attorney issued in a foreign state must be translated into
Lithuanian and legalized 
in the manner established by the Law. The Company does not establish special
form of 
power of attorney.

A shareholder or a person authorized by him/her shall have a right to vote in
writing in 
advance by filling in the General Voting Ballot. Upon a shareholder's request,
the 
Company, not later than 10 days before the General Meeting, shall send the
General 
Voting Ballot by registered mail free of charge. The General Voting Ballot is
also provided 
on the Company's website at http://www.agrowill.lt. The filled in General
Voting Ballot and 
the document confirming the voting right (if any) must be submitted to the
Company in 
writing not later than on the last business day before the General Meeting of
Shareholders 
by sending it by registered mail to Agrowill Group AB, registered address:
Smolensko 
st. 10, Vilnius.

The Company is not providing the possibility to attend and vote at the General
Meeting 
of Shareholders through electronic means of communication.

Each shareholder holding shares that grant at least 1/20 of all votes shall
have the right 
of proposing to supplement the agenda of the General Meeting of Shareholders.
Draft 
decisions on the proposed issues shall be submitted together with the proposal
or, if the 
decisions do not need to be approved, explanations on each proposed issue of the
General Meeting of Shareholders shall be presented. Proposal to supplement the
agenda must be presented in writing by sending it by registered mail to Agrowill
Group AB, registered address: Smolensko st. 10, Vilnius. The agenda will be
supplemented if the proposal is received not later than 14 days before the
General 
Meeting of Shareholders.

Each shareholder holding shares that grant at least 1/20 of all votes shall
have the 
right of proposing draft resolutions on the issues already included or to be
included in 
the agenda of the General Meeting of Shareholders, to nominate additional
candidates 
to the Board, the audit company. The proposed draft decisions must be presented
in 
writing by sending them by registered mail to Agrowill Group AB, registered
address: 
Smolensko st. 10, Vilnius. The shareholders shall also be entitled to propose
draft 
resolutions on the agenda issues of the General Meeting of Shareholders in
writing 
during the Meeting.

The shareholders shall have the right to present questions related to the
agenda issues 
of the General Meeting of Shareholders to the Company in advance in writing, by
providing 
the shareholder's personal identification number and consent to process personal
data - personal identification number, in the letter and by sending it by
registered mail. 
The Company undertakes to respond if the questions are received not later than
3 business 
days before the General Meeting of Shareholders. Responses of a general
character 
shall be posted on the Company's website http://www.agrowill.lt . The Company
will 
not respond personally to the shareholder if the respective information is
posted on 
the Company's website.

The shareholders could get familiarized with the documents possessed by the
Company 
related to the agenda of the Meeting, including draft resolutions, and other
documents to 
be submitted to the General Meeting of Shareholders as well as to get
information regarding 
execution of the shareholders' rights at the headquarters Agrowill Group AB
Smolensko st. 10, 
Vilnius, or on the Company's website at http://www.agrowill.lt.




         Vladas Bagavičius
         Chairman of the Board
         8 5 233 53 40