Historical development
Alpcot Agro was incorporated in 2006 and began its operations in spring 2007 in the Voronezh region in Russia. Since its foundation, the company has carried out six directed share issues which has provided the company with almost SEK 1.4 billion in total.

The expansion has progressed according to the established land acquisition plan, and in 2007-2008 the company took control of and acquired, directly or indirectly, agricultural land in six regions in Russia: Voronezh, Volgograd, Tambov, Lipetsk, Kursk and Kurgan. Furthermore, the company has established an operational platform for establishment in Ukraine. As of the fall of 2009, the company has taken control of approximately 170,000 hectares in Russia of which approximately 91,000 hectares in ownership (see definitions below).

Definitions
Land in control is registered land and land where a subsidiary of the company, either itself or in the name of agents, has registered a lease agreement or is in the process of registering a lease agreement with local authorities.

Land in ownership is registered land and the indirect ownership of land within the Russian Pai system. The Pais can be registered either in the company’s subsidiary’s name or in the name of an agent acquiring Pais on behalf of the company’s subsidiary within the framework of legally binding contracts, or is in the process of entry into the land register with local authorities.