LKI Landkom

TIDMLKI

RNS Number : 5133U

JadenFinch Limited

22 December 2011

22 December 2011

JadenFinch Limited

Re conditional approach to Landkom International PLC

JadenFinch Limited ("JadenFinch") notes the recent announcement by Landkom International PLC ("Landkom") regarding the recommended acquisition by Alpcot Agro AB ("Alpcot") of the entire issued and to be issued share capital of Landkom (the "Acquisition"). Consideration for the Acquisition is entirely in Alpcot shares which are listed on the Nasdaq OMX.

JadenFinch wishes to notify the shareholders in Landkom that on 7 December 2011 it made a conditional approach (the "Approach") to the board of Landkom pursuant to which it confirmed that it was interested in making an indicative offer for Landkom at 2.3 pence in cash for each Landkom share. The Approach and price was subject to a number of pre-conditions including the positive outcome of legal, financial and commercial due diligence.

JadenFinch is disappointed that the board of Landkom has chosen to recommend the Acquisition by Alpcot rather than explore the Approach by JadenFinch which if accepted would present Landkom shareholders with a full cash exit.

JadenFinch calls on the board of Landkom to enter into discussions with JadenFinch and provide JadenFinch with the necessary due diligence to enable it make an informed assessment as to whether it will be willing to pursue a formal offer for Landkom.

Information on JadenFinch

JadenFinch Limited is a privately owned Jersey based investment company with great track record in agriculture in Ukraine. JadenFinch Limited acquired the 'Enselco' business in 2009 which operated on 33,000 hectares when it was sold this September. JadenFinch Limited is well capitalised and keen to use the proceeds of the Enselco sale to acquire new farms or farming companies in Ukraine.

Finch Investments Limited is a UK based exclusive investment advisor and investment manager to JadenFinch.

For further info on JadenFinch Limited and Finch Investments Limited please go to www.finchinvest.com.

Important notice

JadenFinch notes the following important notice included in the announcement of the Acquisition dated 20 December 2011.

"Due to the fact that Landkom is not managed and controlled in the United Kingdom, the Channel Islands or the Isle of Man, the Takeover Panel has confirmed to Landkom that the Acquisition is not subject to the City Code on Takeovers and Mergers (the "Code")."

Contacts:

Finch Investments Ltd

Matus Maar matus@finchinvest.com and Vasile Foca vasile@finchinvest.com

T: +44 (0)20 8605 2620

www.finchinvest.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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