AUGA group - Notification on material event

AUGA group, AB acquires agricultural subsidiaries of German company KTG AGRAR SE in Lithuania

AUGA group, AB signed agreement with regard acquisition of below listed KTG
AGRAR SE subsidiaries in Lithuania and Germany (holding other subsidiaries in
Lithuania): 

  1. KTG Agrar UAB;
  2. UAB Agrar Raseiniai;
  3. UAB Agrar Mažeikiai;
  4. UAB PAE Agrar;
  5. UAB Delta Agrar .
  6. fentus 10. GmbH;
  7. norus 26. AG;
  8. LT Holding AG;

It will be paid EUR 1,38 million for the shares of the companies under
acquisition. 

These companies directly or indirectly -through other agricultural subsidiaries
in Lithuania- (KTG companies)  are involved in crop growing activity in
Lithuania. 

KTG companies cultivate more than 7700 ha of land (more than  6100 ha out of
which are  certified as organic land plots). 

Consolidate revenues of KTG Companies in 2015 year were EUR 4,7 million.

There are about 50 employees in KTG companies.



The transaction will be complete upon receipt of permission of the Competition
Council of the Republic of Lithuania to acquire KTG companies. 




         Vladas Bagavičius
         
         AUGA group, AB
         Member of the Board
         
         tel. +37061031807