Agrowill Group AB - Notification on material event

Additional information of Agrowill Group AB on the agenda and draft decisions of the Extraordinary General Meeting to be convened on 23 August 2010

On 12 August 2010, Agrowill Group AB (hereinafter “the Company”) provided
information on supplementation of the agenda of the Extraordinary General
Meeting of the Company to be convened on 23 August 2010. 

	Considering information disseminated by the mass media and its interpretations
that might have resulted in a marked increase in interest in the Company's
shares in the regulated market, the Company considers it to be necessary to
provide additional clarifications regarding the publicly disclosed information
as well as explain the motives and reasons for the decision to supplement the
agenda of the General Meeting. 

	On the initiative of a shareholder of the Company, the General Meeting is,
inter alia, proposed to increase the authorised capital of the Company from LTL
27,687,747 to LTL 63,313,960 by issuing 35,626,213 registered ordinary shares
of the Company with a par value of LTL 1 each or LTL 35,626,213 in total.
Shareholders are proposed to establish that payment for the new issue of shares
must be made in the form of cash contributions. The Board of the Company is
charged with establishing other conditions of the issue of shares not discussed
in decisions of the General Meeting (time limits for the distribution of
shares, the procedure for paying the issue price, etc.). 

	This is in line with the Company's strategic objectives to strengthen its
capital base. 

	Taking account of the fact that restructuring proceedings came into force on
20 May 2010 and the Company's restructuring plan (approved by creditors) must
be submitted to the court by 20 September 2010, the amount of the authorised
capital of the Company is particularly important during the preparation of a
final version of the plan. The plan must be submitted to creditors for
consideration by 5 September 2010. In the event that the present shareholders
exercise their pre-emptive right and only after that other investors are
offered shares, this could disrupt the Company's restructuring process and pose
a real threat that the objective to strengthen the capital base of the Company
and reduce debt obligations would not be implemented. 

	If all shareholders of the Company had pre-emptive rights to acquire new
shares of the Company, the Company would be able to offer its shares to
potential investors only after the Securities Commission of the Republic of
Lithuania has approved the prospectus of the Company's new issue of shares and
upon the expiry of the minimum time limit for exercising the pre-emptive right
to subscribe to newly issued shares established by law, i.e. no earlier than 27
September 2010. 

	Therefore, the Board of the Company has decided to take into account the
shareholders' initiative and present the General Meeting with a draft decision
on withdrawing the pre-emptive right of the current shareholders of the Company
to acquire newly issued shares and granting such a right to potential investors
that have presented proposals on investment in the Company. 

	The Company will publicly disclose all information related to decisions to be
taken during the meeting on 23 August 2010 in accordance with the procedure
laid down in legal acts. 


Vladas Bagavičius
Member of the Board 
+370 5 233 5340