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Post Winter Audit Reports Minimal Impact on Crops

 


Landkom International PLC (AIM: LKI, "Landkom" or the "Company"), the Ukrainian producer of high-value oil seed rape and wheat, has announced the results of its winter crop audit. The audit was carried out independently by the Scottish Agricultural College (SAC) during the last week of March.

The SAC audit reports that the crops sown, both wheat and Oil Seed Rape (OSR), in the area around Lviv were well established prior to the winter period. Losses over the winter period have been minimal. Crops with problems from moderate winterkill or lower than optimal plant populations accounted for less than 3% of the area sown, which is significantly below normal agricultural
parameters in the area.

Plant populations and disease levels in the other crops were extremely acceptable at this stage in the growing season. The small area of problem crops will receive careful management under SAC supervision and still have the potential to produce break even yields.

Scottish Agricultural College (http://www.sac.ac.uk/) is one of the leading agronomy companies, providing independent, expert report.

Richard Spinks, Landkom Chief Executive, commented:
"This is tremendous news. The independent winter audit by the SAC is one of the key indicators of our potential yield from our crops sown last autumn for this summer's harvest. Having such a low percentage for winter damage at this stage of the Company's development is very encouraging."


For further information:

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

Libertas Capital
Aamir Quraishi/Stephen Pickup
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 67,000 hectares (as at 3 March 2008) and has completed the plantation of its first commercial crop of over 10,000 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.

Following first round funding in April 2007 of 6.9 million, Landkom completed a listing on AIM in mid November 2007 raising net 50.1 million at a valuation of 98.4 million.

 


08 April 2008


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