Agrowill Group - Notification on material event

Agrowill Group divests property management from agricultural production business

Agrowill Group, one of the largest agricultural investment companies, has
transferred shares of the companies which controls land operating subsidiaries
to Fixed Yield Invest Fund, investment fund for informed investors controlled
by the fund management company Synergy Finance. In total, the companies
indirectly manage around 6.4 thousand hectares of land which has a market value
of EUR 24 million. For the 100% of the shares the fund paid by its own-issued
investment certificates which on the day of the deal had a market value of EUR
6.6 million. The controlling companies have been transferred together with
their financial commitments of EUR 15.3 million. 

Transferring subsidiaries to the investment fund allows Company to separate the
business of agricultural land management and administration from core
activities which are farming, mushroom cultivation and cattle breeding. By
selling land assets the financial commitments are also transfered. This deal
does not change anything in the daily business of Agrowill Group as the group
will rent the land owned by the transferred companies and will carry out its
agricultural activities there while paying the market rent price. 




         Vladas Bagavičius
         Member of the Board;
         +370 5 233 53 40