UKRLANDFARMING PLC MARCH 2017 INTEREST PAYMENT

21 March 2017 – UkrLandFarming PLC (“ULF”) and Avangardco Investments Public Limited (“AVG”) and their advisor, Latham & Watkins LLP, are engaged in discussions with an ad hoc committee of bondholders (the “Committee”) and its advisors, Hogan Lovells International LLP and Ernst & Young, regarding a proposal (the “Proposal”) in respect of ULF‘s U.S.$500,000,000 10.875 per cent.