Linas Agro Group AB - Notification on material event

AB Linas Agro Group took over management of UAB Dotnuvos Projektai

Panevezys, Lithuania, 2012-10-12 08:00 CEST (GLOBE NEWSWIRE) -- 

AB Linas Agro Group spent LTL 32 million to acquire 50% shares of UAB Dotnuvos
Projektai from other shareholders - natural persons, and took over the
management of the company. Up to now, AB Linas Agro Group held 50% shares of
UAB Dotnuvos Projektai. 

UAB Dotnuvos Projektai, established in 1996, is among the leading sellers of
agricultural machinery, seeds and grain storage equipment in Lithuania.
Together with its subsidiaries, the company has 214 employees. The main
activity of the company is wholesale and retail trade of new and used
agricultural machinery and its spare parts, seed production, processing and
sales, as well as design and construction works of grain cleaning, drying and
storage facilities. 

UAB Dotnuvos Projektai is a Lithuanian market leader in seed processing and
trading as well as in constructing grain storage facilities, also the company
is among the three largest market leaders trading western machinery. 

UAB Dotnuvos Projektai manages subsidiary companies in Latvia and Estonia and
four Lithuanian branches in Joniškis, Pasvalys, Vilkaviškis and Plungė. The
turnover of the company totalled LTL 193 million in 2011, EBITDA reached LTL
15.5 million, while the turnover of the first six months of 2012 totalled LTL
98 million. 

“The company Dotnuvos Projektai has been part of our Group business since 1999.
Every year we approached each other more and more, because activity of the
companies has been constantly linked. UAB Dotnuvos Projektai has a good team of
professionals that will allow us to increase the market share of agricultural
supply. The company has great potential to expand as development has never
stopped through all its years of existence. 

We shall continue to provide agritechnological consultations and
recommendations to the farmers, provide grain preparation services, also supply
them with almost all the goods needed for crop growing: seeds, fertilizers,
plant protection products, agricultural machinery. Linas Agro Group will take
care that the company's customer service remains the highest level," says
managing director of AB Linas Agro Group Darius Zubas. 



About UAB Dotnuvos Projektai

The company sells approx. 11-13 thousand tons of seeds, 900-950 units of
agricultural equipment, erects or modernizes 20-25 grain storages of various
sizes per year and has over 5,000 clients. 

Since its establishment, the company has been trading various agricultural
machinery imported from well-known Western European producers: Case IH,
Kverneland Group, Bogballe, Faresin, Irrimec, Einböck, Quicke, Joskin, Agrifac
tractors, combine harvesters for grain crops and feedstuffs, ploughs, scrapers,
cultivators, harrows, seeders, harrows for crop maintenance, feedstuff handling
machines, frontloaders and telescopic handlers, overhead irrigation and manure
handling equipment. 

Since 1999, the company has been engaged in design works for grain drying and
storage facilities, as well as equipment supply and construction projects
management, representing such well-known producers as Cimbria, BIN, Kongskilde. 

The first seed processing plant in Lithuania, established by UAB Dotnuvos
Projektai in 2003, is capable of preparing up to 15 thousand tons of seeds per
year. In 2011 new seed warehouse of 3,500 m2 was built in Dotnuva. In
cooperation with Institute of Agriculture (LRCAF), and famous international
seed companies: DLF Trifolium, Rapool, Saaten Union, DSV, Maribo Seed,
Lantmannen SW Seed, RAGT, I.G. Planzenzucht, BayWa and other plant breeders,
the company produces and sells seeds of cereals, oil seed rape, sugar beet,
fodder beet, fodder grass, lawn grass, pulses and others. The seeds are sold in
Lithuania, Latvia, Estonia, Russia, Belarus and Ukraine. 

In 2007, modern agricultural machinery service centre was launched.

In 2010, were founded subsidiary companies - SIA DOTNUVOS PROJEKTAI in Latvia
and AS Dotnuvos Projektai in Estonia. 



About AB Linas Agro Group

AB Linas Agro Group is an agribusiness parent company engaged in the production
and trade of grains, oilseeds, feedstuff and agricultural inputs. It controls
companies in Lithuania, Latvia, Estonia and Denmark. The group consists of
international agricultural production trading company in Lithuania AB Linas
Agro, grain storage company UAB Linas Agro Grūdų centras KŪB (controlling grain
storages in Joniškis, Kėdainiai, Kupiškis, Pasvalys, Šakiai district, Šiauliai
and Vilkaviškis), Latvian trading company SIA Linas Agro, international trading
company Linas Agro A/S in Denmark, group of companies ŽŪB Landvesta, managing
agricultural land, group of six agricultural companies UAB Linas Agro
Konsultacijos, operator of lignin biofuel accumulation UAB Lignineko,
agricultural inputs supply company UAB Dotnuvos projektai and other companies.
The financial year of the companies begins on 1 July. The total headcount of
the Group amounts to 778 employees. 

Together with partners, the controlling company owns logistic company UAB
Jungtinė Ekspedicija. 

From 17 February 2010 AB Linas Agro Group is included in the main list of
companies of NASDAQ OMX Vilnius stock exchange. 





More information:


         Andrius Pranckevičius
         Deputy Managing Director of AB Linas Agro Group
         Phone +370 687 71 419
         E-mail a.pranckevicius@linasagro.lt