AUGA group - Notification on material event

AUGA Group, AB sold investment units of investment fund Fixed Yield Invest Fund

AUGA group has sold investment units of investment fund Fixed Yield Invest Fund
controlled by the fund management company Synergy Finance to selected financial
institutional investor. 

Value of transaction –. EUR 7.2 million. The disposal of long term investment
asset allows Company to  attract new funds and finally divest of such
investment asset . 

Funds from transaction will be used for development of newly acquired business
(formerly agricultural subsidiaries of KTG AGRAR) and for development of other
ongoing projects, related to introduction of sustainable organic farming
technologies in existing agricultural locations and farms. 

Company has transferred shares of the companies which controlled land operating
subsidiaries (managing around 6.4 thousand hectares of land) in December 2015. 

By selling investment units of investment fund the consolidated long term
assets decrease by EUR 24.8 million and consolidated liabilities also decrease
by EUR 17.6 million (amongst it - financial liabilities of EUR 14 million). 

This transaction will not affect Company’s net result and EBITDA of year 2016.

This transaction does not change anything in the daily business of AUGA group
as the group continues to rent the land owned by the transferred companies and
will carry out its agricultural activities there while paying the market rent
price. The term of land rent reaches 10 years (with prolongation rights). 






         Vladas Bagavičius
         
         AUGA group, AB
         Member of the Board
         
         tel. +37061031807