Agrowill Group - Notification on material event

Agrowill Group has reached a strategic agreement with banks

Agrowill Group, one of the largest agricultural investment companies, has
reached a strategic agreement with DNB and Swedbank on the refinancing of the
company‘s long-term debt portfolio. A syndicated loan of EUR 39 million is
going to be granted by both banks in equal parts. It will be used to finance
company‘s operations as well as its development projects. 

Banks have agreed to not only refinance the whole debt portfolio of EUR 33
million, but also additionally lend us EUR 6 million. The additional long-term
loan as well as more favourable debt repayment schedules will enable to devote
up to EUR 16 million for the Agrowill’s strategic goal – the deployment of the
organic farming model. 

It is estimated that more favourable debt repayment schedules and reduced
annual interest rate margins will allow to repay up to EUR 10 million (34%)
less for the loan in the next 4 years than it would be if the new agreement was
not reached. 

The agreement with the banks does not change the plans of the additional share
issue of Agrowill Group in 2016. 

The company previously announced that the additional funds raised would be used
for the implementation and development of organic farming technologies as well
as establishing manufacturing processes of organic agricultural products for
end-users. 




         Vladas Bagavičius
         Member of the Board;
         +370 5 233 53 40