2011 results

Agroliga Group PLC introduces an intensive program of crop

The company expects an increase in yield by 30-40 percent
during the year

Warsaw, March 10^th 2011, Cyprus based Agroliga Group PLC – holding company of Ukraine based producer of sunflower oil conducting also grain cultivation and cattle-breeding decided to incorporate the growing wheat fertilizer called CAS. It is a mixture of carbamide and ammonia, which accelerates the growth and maturation of crops, do not pollute the environment as traditional granular fertilizers. The introduction of CAS as a primary fertilizer will enable the Company to achieve a 30-40 percent higher yields per year.

- "We decided to incorporate in our system of crop fertilizer CAS primarily due to the possibility of plant growth. In addition, it contains only three forms of nitrogen: nitrate, ammonium and the amides. All these elements upon oxidation are converted into nitrates and the plants a longer period of nitrogen supply. Important for us was the fact that fertilizer is much cleaner. In its composition there is no free ammonia, which could evaporate into the atmosphere, making its harmful effects on the environment and the soil was limited. At the same time, using the loss of nitrogen fertilizer CAS did not exceed 10 percent, while in the case of granular nitrogen fertilizer, these losses reach  40 percent. Also, the operational costs associated with fertilization in the case of CAS are smaller. From this season, it will be our basic fertilizer that makes our crops could rise by up to 30 percent this year. "- says Oleksandr N. Berdnik, President Board of Directors Agroliga Group PLC.

FINANCIAL RESULTS

At the end of 2010 Agroliga Group PLC has reached EUR 3.79 million consolidated revenues and EUR 1.21 million net profit. Compared with the year 2009 represents an increase of respectively 100.32 and 130.68 percent. In the fourth quarter of last year, the Company's consolidated revenue amounted to EUR 1.05 m. While consolidated net profit was EUR 0,163 m.

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Agroliga Group is Ukraine based company conducting food and agricultural business. The Group produces sunflower oil, grain and breeds milk cows. The Group consists of five companies:

-         Agroliga Group PLC – the holding company based in Cyprus and who was the Issuer in private placement offering.

-         Agroliga operating in Ukraine. It conducts plant production;

-         Mechnikovo operating in Ukraine. It specializes in milk cows breeding and plant production;

-         Agrokom Novaj Vodolaga operating in Ukraine. It conducts sunflower oil production;

-         PLC Liga A operating in Ukraine. It focuses on sales and trading services for other companies in the Group.

The group debuted on the 11^th February 2011 on the Warsaw Stock Exchange’s governed NewConnect market. Prior to that the Company conducted private placement from which it received EUR 1 million. These funds will be used for modernization of machine park, increase of production forces and breeding complex. More information: www.agroliga.com.ua

More information:

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Progress Holding Sp z o o

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