Agrowill Group

Agrowill Group - agricultural investment and development company, which controls 15 entities in Lithuania and Estonia that produce primary agricultural products and 23 land management companies. Agrowill Group became the first Lithuanian agricultural company with its shares being listed on the Official list of Vilnius Stock Exchange.

Core activities

Agrowill Group is specializing in milk and cereals production and land rent. In 2007 revenues from milk sales accounted for 52% of total income, cereals for 39%, land rent for 2% and other activities for 7%.

The company controls more that 36.500 ha of fertile agricultural land and keeps more than 7.300 milking cows.

Vision and Mission

*To be a leading agricultural investment company operating in Central and Eastern Europe and using the most advanced management and work methods.
*Use innovative solutions to strengthen the agricultural sector of Lithuania and other European countries, boost the value of investments and create social welfare in rural communities.

Goals

*Ensure the development of farms owned.
*Adhere to the latest management principles and use modern agricultural technologies.
*Create and constantly strengthen an international group of agricultural companies producing high-quality marketable products.
*Regularly improve our business structure to make it efficient and value-creating.
*Ensure competitive wages and social security for employees.
*Take care of the welfare of communities we work in.
*Attract investments to the Lithuanian countryside, promoting agricultural sector development and modernization.

History

*2003 establishment of "Agrovaldymo Grupė"
*2005 number of managed agricultural companies reaches 11
*2006 first emission of bonds issue within agricultural sector
*2007 acquisition of group of companies Žemės Vystymo fondas
*2007 number of managed companies reaches 14. The company is preparing for international expansion – 'Agrovaldymo Grupė" is renamed into "Agrowill Group"
*2008 successful IPO
*2008 acquisition of the most modern Estonian milk producer "Polva Agro"
*2008 activities started in Russia, Moldova and Romania

Management

Agrowill Group CEO and head of the Board is Valentas Šulskis. Other members of the Board : Domantas Savičius, Robertas Čepaitis, Gediminas Žiemelis, Linas Strėlis. Members of the Supervisory Board: Edvardas Makelis, Hugh M. Thomas, Ramūnas Audzevičius.

Shares

AB "Agrowill Group" stock capital is 26 142 732 litas, with 1 litas nominal value 26 142 732 shares, which are fully paid.As of April 2, 2008, company shares (ISIN code LT0000127466) are listed on Official list of the Vilnius Stock Exchange (trading code: - AVG1L).

Company shareholders (May 19, 2008 data):

SEB acts as a securities account manager, which has opened a nominee account for the benefit of its clients.

Expansion

In the nearest future "Agrowill Group" will concentrate its efforts in higher effectiveness of its core activities and acquisitions of modern agricultural entities. Plans by business units:

Dairy farming:
*Expansion of milk farms and increase in number of cows;
*Modernization of milk farms and increase in milk yields;
*Construction of a breeding ground;
*Build MEGA farms.Crop farming:
*Modernization of crop farming equipment;
*Expansion of crop fields;
*Field consolidation;
*Continue implementation of modern management standards;Land management:
*Acquire or rent the most fertile land at reasonable prices Acquisitions of new entities:
*Acquire the most modern and effective farms;
*Develop acquired companies and enjoy synergies with other "Agrowill Group" farms.

As of 2008 Agrowill Group started activities in Black Earth region (Russia, Moldova, Kazakhstan). First revenues from the sales of agricultural products in these countries expected latest in 3 years. Depending on the companies acquired, an adequate business model will be put in place (dairy or cereal production).

External links

[http://www.agrowill.lt/en/ AB "Agrowill Group" official site]