Agrowill Group AB - Notification on material event

The public auction, regarding sale of the shares of part of the subsidiary companies of the Agrowill Group AB, took place

The public auction, regarding sale of 100% shares of  Žemės vystymo fondas 1
UAB, Žemės vystymo fondas 2 UAB and Žemės vystymo fondas 8 BUAB, took place. 

The winning bidder offered LTL 8.353.539 for the 100% shares of Žemės vystymo
fondas 2 UAB and 100% shares of  Žemės vystymo fondas 8 BUAB. 

The winning bidder offered LTL 9.338.502 for the 100% shares of Žemės vystymo
fondas 1 UAB. 

An average price of LTL 9.300 per 1 Ha of utilized agricultural land of above
mentioned companies was proposed by winning bidder. 

According to the established procedure in Rules of public auction in the
nearest timing the Board of the Agrowill Group AB will make a separate decision
regarding the final sale of the 100% shares of Žemės vystymo fondas 1 UAB. 

It is expected that the transaction will be completed within next 4-6 weeks.


         Vladas Bagavičius
         Chairman of the Board
         8 5 233 53 40