Linas Agro Group AB - Notification on material event

Dotnuvos projektai, UAB, member of the holding Linas Agro Group, AB, pursues development in Baltic States

Panevezys, Lithuania, Linas Agro Group, AB, 2011-01-10 08:00 CET (GLOBE
NEWSWIRE) -- Dotnuvos projektai, UAB, one of the largest Lithuanian sellers of
the agricultural machinery, seeds and elevator equipment, pursuing planned
development in Baltic States, has established the subsidiary in Estonia. 
Dotnuvos projektai, UAB, on a parity basis owned by Linas Agro Group, AB and
managers of the company, has set up subsidiary Dotnuvos projektai AS in the
city of Viljandi, Estonia. The company will be engaged in sales of harvesters,
tractors, agricultural implements, grain storage facilities and certified
seeds. In Estonia like in others Baltic States the company will sell products
of worldwide known manufacturers of the agricultural machinery and facilities -
Case IH (USA), Kverneland Group (Norway), Cimbria (Denmark). 
“Estonian market is new for us, although up to date we have traded in small
lots of certified seeds through local partners. We have taken over exclusive
representation rights for Baltic States from the main partners, manufacturers
of the agricultural machinery, and now will be mostly focussed on the trade in
tractors, harvesters and agricultural implements. Currently we carry on
negotiations about purchase of the agricultural machinery trade and service
centre and deal with opening of the regional trade and service network. We have
already employed regional sales managers with significant experience and
knowledge of the market and products,”- told Rimantas Dapkus, General Director
of Dotnuvos projektai UAB. 
Before spring of 2011 we plan to have 20 employees at Dotnuvos projektai AS.

About Dotnuvos projektai, UAB

Dotnuvos projektai, UAB is one of the most rapidly expanding agricultural
service companies. 
The company has over 190 employees, including subsidiaries, its turnover stood
at LTL 127 million in 2009 and LTL 138 million during 11 months of 2010. The
average annual sales of seeds amount to 11 thousand tons and sales of
agricultural machinery total to 700 units. Also, the company annually installs
30 grain storages of various sizes. 
The main company's activities are wholesale and retail trade of agricultural
machinery imported from the best-known Western European producers like Case IH,
Kverneland Group, Cimbria, Bogballe, Einböck, Quicke, Joskin, Faresin, Irrimec,
Fiona, Kongskilde, etc.: tractors, crop and feed combine harvesters, ploughs,
scrapers, cultivators, harrows, seeders, crop maintenance harrows, forage
processing machinery, front-end and telehandlers, driers, grain storage,
watering and manure handling equipment and other new as well as second-hand
agricultural machinery and spare parts. The company has 5 agricultural service
centres: the head office is located in Akademija in Kedainiai region, the other
offices are situated in Joniskis, Pasvalys, Vilkaviskis and Kretinga. Regional
trade and service center in Plunge is currently under construction and will
begin operation in March 2011. 
Another important company's activity is seed reproduction, processing and
trade. The company offers over 100 seed varieties to the market and sells seeds
of cereals, oilseed rape, sugar and fodder beet, forage and lawn grass,
leguminous and other agricultural plant varieties developed by the Lithuanian
Institute of Agriculture and famous international seed companies (DLF
Trifolium, Saaten Union, Rapool, DSV, Maribo Seed, Lantmanen SW Seed, RAGT,
I.G. Planzenzucht, BayWa etc.). Dotnuvos Projektai organises seed farming in
Lithuania: seeds are grown by more than 60 farmers and agricultural companies
while  Dotnuvos Projektai, UAB seed processing factory prepares nearly 15
thousand tons of seed varieties. The seeds are distributed in Lithuania,
Latvia, Estonia, Russia, Belarus and Ukraine. 

About Linas Agro Group, AB

Linas Agro Group, AB is an integrated agribusiness company engaged in
international agricultural business, production and trade in agricultural
produce and raw materials. It controls companies in Lithuania, Latvia, Denmark
and Ukraine. The Group consists of Linas Agro, AB, a Lithuanian company engaged
in international trade in agricultural commodities; grain storage company UAB
Linas Agro Grūdų centras KŪB, controlling grain storages in Kėdainiai,
Kupiškis, Joniškis, Šiauliai and Vilkaviškis), Latvian trade company Linas
Agro, SIA; international trade company in Denmark Rosenkrantz A/S; Ukrainian
based fertilisers production and trade company CJ-SC UKRAGRO NPK, a group of
agricultural land owning companies Landvesta, ŽŪB, controlling agricultural
land; and Linas Agro Konsultacijos, UAB, controlling four agricultural
companies. Financial year of the companies starts on the 1st of July. 
Together with partners, the company owns the goods and services to agricultural
entities providing companies Dotnuvos projektai UAB and Kustodija UAB, also
logistic and spedition company Jungtine ekspedicija UAB. 
As of February 17, 2010 Linas Agro Group, AB is listed on NASDAQ OMX Vilnius
stock exchange. 


         Rimantas Dapkus Dotnuvos Projektai, UAB Managing Director Ph. +370 698
73 950 
         Andrius Pranckevičius Linas Agro Group, AB Deputy Managing Director
Ph. +370 687 71 419