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Stephen Pickup Appointed Chief Financial Officer

 

Landkom International Plc (AIM: LKI, "Landkom" or the "Company") the Ukrainian producer of high-value oil seed rape and wheat, has appointed Stephen Pickup as its Chief Financial Officer with immediate effect following the decision by Warwick Smith to resign from the Board and return to New Zealand. Stephen, who joined Landkom on 1 June 2008 as Deputy Group Finance Director, will also be appointed to the Board of directors of the Company.

Stephen Michael Pickup, aged 33 and a Russian speaker, has 10 years of experience in investment banking and company management, including five years in mergers and acquisitions at Deutsche Bank in London and Hong Kong. He has lived and worked in emerging markets for much of the last 15 years and will split his time between the UK and Ukraine. He holds an MBA from INSEAD.

Neil Balfour, Landkom Chairman, commented:
"We are delighted that Stephen is stepping up to take on this important role at Landkom. Through his time at Libertas Capital, he has been involved with us since Landkom's inception, speaks good Russian and has M&A and management skills.

I'd very much like to thank Warwick for all his hard work over the past years. We entirely understand his reasons for returning home to New Zealand."

Stephen Pickup holds, or has in the last five years held, the following directorships:

Current Directorships:
Landkom Services Limited
Prokart Pte (Singapore)

Past Directorships:
None

There is no further information required to be disclosed in respect of the above appointment pursuant to Schedule Two, paragraph (g) of the AIM Rules for Companies.


For further information:

Landkom International Plc
Richard Spinks, Chief Executive
Tel: +380 673 410 140

Libertas Capital
Aamir Quraishi/Anthony Rowlan
Tel: +44 (0)20 7569 9650

College Hill
Simon Whitehead/Adrian Duffield
Tel: +44 (0)20 7457 2020


Note to Editors
Landkom International PLC is a large scale producer of agricultural feedstock, principally oil seed rape and wheat, for supply to the European biodiesel and food industries.

Operating in Western Ukraine in the prime, fertile lands close to the border with Poland, Landkom has secured a land bank in excess of 100,000 hectares (as at 3 June 2008) and has completed the plantation of its first commercial crop of over 14,000 hectares. Landkom has a target to increase the land bank in Ukraine to at least 350,000 hectares by 2011.

Landkom is implementing Western-style agronomy practices using modern agricultural equipment to carry out efficient, large-scale farming techniques that will result in greater return from the land, increase levels of employment in the region and support further investment into the local economy.


 


03 September 2008


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