Agrowill Group AB - Notification on material event

Agrowill Group AB plans to increase its sales by 36%

Fastest growing agricultural investment and development company Agrowill 
Group AB expects to keep the rapid growth pace this year as well. It is 
planned that the consolidated sales from the core activities will grow by 36% to LTL 58 million (EUR 16.8 million), while net profit is estimated 
to grow by 20% to LTL 11.5 million (EUR 3.3 million).

This year almost LTL 8 million (EUR 2.3 million) will be invested into 
renewal of three milk farms. Another LTL 12.7 million (EUR 3.7 million) will 
be dedicated to the purchase of milking cows. It is planned that during the 
year number of milking cows will approach 5000 heads, therefore Agrowill 
Group AB will remain the largest cows herd owner in Lithuania. This year the 
company also plans to expand own grain storehouses and implement new feed 
preparation and storage technologies. 

Donatas Andrikis
deputy CFO
(8-5) 233 53 40