On 28 October 2015, Agroton Public Limited announced an invitation to the holders of its $50,000,000 12.50%, notes due 2019 with interest rate step down to 6.00%, in 2013 with ISIN: XS0627994477 and Common Code: 062799447 to tender Notes for repurchase by the Company for cash, subject to the Maximum Acceptance Amount described below. The invitation to tender was made upon the terms and subject to the conditions contained in the tender offer memorandum dated 28 October 2015 prepared in connection with the Invitation to Tender, and is subject to the offer and distribution restrictions set out below. Capitalized terms used in this announcement and not otherwise defined have the meanings ascribed to them in the Invitation to Tender.

Following the expiration of the Invitation to Tender at 4.00 PM (London time) on 4 November 2015, the Company announced that it has accepted for purchase $10,350,000 in aggregate principal amount of the Notes at the Purchase Price of 30%, of the principal amount of the Notes tendered plus accrued and unpaid interest in accordance with the terms and conditions of the Invitation to Tender. All Notes tendered at the Purchase Amount have been accepted in full and will be tendered for cancellation by the Company. In addition, the company announced that $22,100,000 in aggregate principal amount of the Notes previously purchased by the Company will also be cancelled.

Upon settlement of the Invitation to Tender and cancelation of the previously purchased Notes, $17,550,000 in aggregate principal amount of the Notes will remain outstanding. The applicable Purchase Amount, together with accrued but unpaid interest for the Notes, will be paid to Holders whose Notes have been accepted for purchase by the Company. Settlement of the Invitation to Tender is expected to occur on 10 November 2015.