AUGA GROUP AB

Consolidated Unaudited Interim Results and Consolidated Financial Information for 9 months ended 30 September 2016

I. GENERAL PROVISIONS 3
Accounting period covered by the Report 3
Key data on the issuer 3
Information on where and when the Report and the documents, on which the Report is based, are publicly
available and the name of the mass media means 11
II. INFORMATION ABOUT THE LARGEST SHAREHOLDERS AND ISSUERS MANAGEMENT 12
Share capital 12
Shareholders 12
The sales of the Issuer's securities on exchanges and other organized markets 12
Agreements with the mediators of securities public circulation 12
Procedure for amendments of the Articles of Association 12
Members of the managing bodies 13
III. FINANCIAL INFORMATION 14
Consolidated income statement 14
Consolidated statement of comprehensive income 14
Consolidated balance sheet 15
Consolidated statement of changes in equity 16
Consolidated statement of cash flows 17
Comments to the Financial Information 18
IV. THE NEWEST AND ESSENTIAL EVENTS IN THE ACTIVITY OF THE ISSUER 27
The newest events in the activity of the Issuer 27

(All amounts are in EUR thousand, unless otherwise stated)

I. GENERAL PROVISIONS

Accounting period covered by the Report

The report covers 9 month period ended 30 September 2016.

Key data on the issuer

Name of the company: Auga Group AB (hereinafter – AG or the Company) Share capital: EUR 54,350,713.08 Address of headquarters: Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania Telephone: (8~5) 233 53 40 Fax: (8~5) 233 53 45 E-mail address: [email protected] Website: www.auga.lt Legal-organizational form: Legal body, joint stock company Place and date of registration: 25 June 2003, Vilnius Register code: 1262 64360 Register number: AB2003-926 Registrant of the Register of legal bodies: State Enterprise Centre of registers

As at 30 September 2016 the Group was comprised of the Company and it's subsidiaries:

Name	Legal form	Date and place of registration	Company code	Address	Phone, fax and e-mail
UAB Baltic Champs	Joint stock company	27-12-2012, State Registrar	302942064	Poviliškės, Šiauliai distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB AVG Investment	Joint stock company	10-02-2005, State Registrar	300087691	Smolensko st. 10, Vilnius	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB AWG Investment 1	Joint stock company	18-06-2008, State Registrar	301745765	Smolensko st. 10, Vilnius	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB AWG Investment 2	Joint stock company	24-07-2008, State Register	301807590	Smolensko st. 10, Vilnius	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agross	Joint stock company	24-07-2008, State Register	301807601	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Grain Lt	Joint stock company	17-03-2010, State Register	302489354	Adutiškio st. 3-3, Vilnius	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB AMT Žemė	Joint stock company	15-03-2011, State Register	302602713	Smolensko st. 10, Vilnius	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agro GIS	Joint stock company	18-01-2011, State Register	302583978	Saltoniškių st. 29/3, Vilnius	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Baltic farming land management	Joint stock company	13-10-2008, State Register	302003546	Smolensko st. 10, Vilnius	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agro Management Team	Joint stock company	02-03-2011, State Register	302599498	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrotechnikos centras	Joint stock company	03-02-2011, State Register	302589187	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB PRIMA BIO COOP LT	Joint stock company	29-02-2012, State Registrar	302753875	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]

(All amounts are in EUR thousand, unless otherwise stated)

		Date and place of	Company		Phone, fax and
Name	Legal form	registration	code	Address	e-mail
ŽŪB Žemės fondas	Agricultural entity	07-04-2006, State Register	300558595	Smolensko st. 10, Vilnius	(8~5) 233 53 40; fax: (8~5) 233 53 45,
UAB Žemės vystymo	Joint stock	28-09-2004, State	300057335	Jonavos r. sav.	e-mail: [email protected] (8~5) 233 53 40;
fondas	company	Registrar		Bukonių sen. Bukonių k. Lankesos g. 1	fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Žemės vystymo fondas 3	Joint stock company	11-10-2005, State Registrar	300151165	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Žemės vystymo fondas 4	Joint stock company	10-08-2006, State Registrar	300589669	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Žemės vystymo fondas 5	Joint stock company	10-08-2006, State Registrar	300589683	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Žemės vystymo fondas 6	Joint stock company	10-08-2006, State Registrar	300589719	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Žemės vystymo fondas 7	Joint stock company	17-01-2007, State Registrar	300634420	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Žemės vystymo fondas 9	Joint stock company	09-03-2006, State Registrar	300547638	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Žemės vystymo fondas 10	Joint stock company	10-01-2008, State Registrar	301522723	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Žemės vystymo fondas 11	Joint stock company	12-05-2005, State Registrar	300114042	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Žemės vystymo fondas 12	Joint stock company	08-03-2005, State Registrar	300094383	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Žemės vystymo fondas 14	Joint stock company	10-08-2006, State Registrar	300589726	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Žemės vystymo fondas 15	Joint stock company	10-08-2006, State Registrar	300589733	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Žemės vystymo fondas 16	Joint stock company	10-08-2006, State Registrar	300589740	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Žemės vystymo fondas 19	Joint stock company	21-06-2007, State Registrar	300886948	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Žemės vystymo fondas 20	Joint stock company	22-06-2007, State Registrar	300887726	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Žemės vystymo fondas 22	Joint stock company	10-01-2008, State Registrar	301522730	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Agrowill Spindulys	Agricultural entity	09-04-1993, Radviliškis district municipality	171330414	Vaitiekūnai, Grinkiškis mun., LT-82380 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Agrowill Smilgiai	Agricultural entity	16-09-1992, Panevėžys district municipality	168548972	Panevėžys st. 23, Smilgiai, Smilgiai mun., LT-38375	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Agrowill Skėmiai	Agricultural entity	01-10-1992, Radviliškis district municipality	171306071	Skėmiai, Skėmiai mun., LT-82350 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Agrowill Nausodė	Agricultural entity	11-08-1992, Anykščiai district municipality	154179675	Kirmėliai, Troškūnai mun., LT-29178 Anykščiai distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]

(All amounts are in EUR thousand, unless otherwise stated)

Name	Legal form	Date and place of registration	Company code	Address	Phone, fax and e-mail

ŽŪB Agrowill Dumšiškės	Agricultural entity	29-09-1992, LR Raseiniai district board	172276179	Paraseinis, Paliepiai mun., LT-60194 Raseiniai distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Agrowill Žadžiūnai	Agricultural entity	30-06-1992, Šiauliai district municipality	175706853	Gudeliai st. 30, Žadžiūnai, Kairiai mun., LT-80103	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Agrowill Mantviliškis	Agricultural entity	06-11-1992, Kėdainiai district board	161274230	Šiauliai distr. Liepos 6-osios st. 18, Mantviliškis, Dotnuva mun., LT-58332	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Agrowill Alanta	Agricultural entity	29-06-1992, Molėtai district municipality	167527719	Kėdainiai distr. Ukmergės st. 7, Alanta mun. LT-33312 Molėtai distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Agrowill Eimučiai	Agricultural entity	29-06-1992, Šiauliai district municipality	175705032	Eimučiai, Kairiai mun., 80101 Šiauliai distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Agrowill Vėriškės	Agricultural entity	29-09-1992, Radviliškis district municipality	171305165	Vėriškės, Šeduva mun., LT-77199 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Agrowill Želsvelė	Agricultural entity	03-07-1992, Marijampolė municipality	165666499	Želsva, Liudvinavas mun. LT-69193 Marijampolė mun.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Agrowill Lankesa	Agricultural entity	06-04-1999, Jonava district municipality	156913032	Ukmergė st. 44, Bukoniai, Bukoniai mun., LT-55075	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Agrowill Kairėnai	Agricultural entity	02-03-1993, Radviliškis district municipality	171327432	Jonava distr. Kairėnai, Grinkiškis mun., LT-82031 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Agrowill Jurbarkai	Agricultural entity	31-07-1992, Jurbarkas district municipality	158174818	Rytas st. 2, Jurbarkai, LT-74205 Jurbarkai distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Grūduva	Joing stock company	24-02-1997, Šakiai district municipality	174401546	Gotlybiškiai, Šakiai mun., LT-71372, Marijampolė distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Panevežio region ŽŪB Gustoniai	Agricultural entity	09-12-1992, Panevėžys district municipality	168565021	Smolensko st. 10, Vilnius	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
S.R.L. Natur Agro Grup	Closed joint stock company	23-09-2005, Republic of Moldova	100560004509 8	Stefan cel Marebd. 132, ap. 64, Chisinau mun., Moldova	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
S.R.L. Agrowill group	Closed joint stock company	01-07-2008, Republic of Moldova	100860003153	Kogalniceanu Mihail, 51, Chisinau mun., Moldova	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ZAO Agroprom	Closed joint stock company	01-09-2008, Russian Federation	108774606123 7	Baimanskaja st. 7-10, Moscow, Russia	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Siesartis	Cooperative entity	21-04-2010, Šakiai district municipality	302501098	Mokyklos st. 18, Gotlybiškių mun. Šakių distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Kašėta	Cooperative entity	21-04-2010, Jonavos district municipality	302501251	Ukmergės st. 44, Bukonių mun., LT 55075 Jonavos distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Gustonys	Agricultural entity	08-06-2010, Vilniaus district municipality	302520102	Panerių st. 11, Vilnius LT-03209	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Skėmių pienininkystės centras	Agricultural entity	05-03-2012 Radviliškis district municipality	302737554	Skėmiai, Skėmiai mun., LT-82350 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]

(All amounts are in EUR thousand, unless otherwise stated)

Name	Legal form	Date and place of registration	Company code	Address	Phone, fax and e-mail
Agrobokštai ŽŪK	Cooperative entity	02-03-2010, Marijampolė municipality	302485217	Želsva, Liudvinavas mun., LT-69193 Marijampolė mun.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Dotnuvėlės valdos	Cooperative entity	21-04-2011, Šiauliai district municipality	302618614	Gudeliai str. 30, Žadžiūnai, Kairiai mun., LT-80103	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Nevėžio lankos	Cooperative entity	21-04-2011, Radviliškis district municipality	302618596	Šiauliai distr. Vėriškės, Šeduva mun., LT-77199 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Radviliškio kraštas	Cooperative entity	20-04-2011, Radviliškis district municipality	302618742	Alyvų str. 1, Skėmiai, Skėmiai mun., LT 82350 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Šventosios pievos	Cooperative entity	20-04-2011, Radviliškis district municipality	302618201	Vaitiekūnai, Grinkiškis mun., LT-82380 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Kairių ūkis	Cooperative entity	13-04-2011, Marijampolė municipality	302615194	Želsva, Liudvinavas mun., LT-69193 Marijampolė mun.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Šiaurinė valda	Cooperative entity	13-04-2011, Šakiai district municipality	302615187	Gotlybiškiai, Šakiai mun., LT-71372, Marijampolė distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Šušvės žemė	Cooperative entity	21-04-2011, Radviliškis district municipality	302618767	Kairėnai, Grinkiškis mun., LT-82031 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪK Agromilk	Cooperative entity	23-04-2009, Radviliškis district municipality	302332698	Kairėnai, Grinkiškis mun., LT-82031 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Žalmargėlis	Cooperative entity	23-09-2013, State Registrar	303145954	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Juodmargėlis	Cooperative entity	03-10-2013, State Registrar	303159014	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 1	Joint stock company	23-08-2012, State Registrar	302846660	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrokreditas	Joint stock company	23-08-2012, State Registrar	302846621	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 3	Joint stock company	23-08-2012, State Registrar	302846614	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 4	Joint stock company	23-08-2012, State Registrar	302846564	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 5	Joint stock company	23-08-2012, State Registrar	302846475	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 6	Joint stock company	23-08-2012, State Registrar	302846411	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 7	Joint stock company	23-08-2012, State Registrar	302846062	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 8	Joint stock company	23-08-2012, State Registrar	302846105	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 9	Joint stock company	23-08-2012, State Registrar	302846144	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 10	Joint stock company	23-08-2012, State Registrar	302846169	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]

(All amounts are in EUR thousand, unless otherwise stated)

		Date and place of	Company		Phone, fax and
Name UAB Agrosaulė 11	Legal form Joint stock	registration 23-08-2012, State	code 302846201	Address Jonavos r. sav.	e-mail (8~5) 233 53 40;
	company	Registrar		Bukonių sen. Bukonių k. Lankesos g. 1	fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 12	Joint stock	23-08-2012, State	302846226	Jonavos r. sav.	(8~5) 233 53 40;
	company	Registrar		Bukonių sen. Bukonių k. Lankesos g. 1	fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 13	Joint stock	23-08-2012, State	302846233	Jonavos r. sav.	(8~5) 233 53 40;
	company	Registrar		Bukonių sen. Bukonių k. Lankesos g. 1	fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 14	Joint stock	23-08-2012, State	302846240	Jonavos r. sav.	(8~5) 233 53 40;
	company	Registrar		Bukonių sen. Bukonių k. Lankesos g. 1	fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 15	Joint stock	23-08-2012, State	302846258	Jonavos r. sav.	(8~5) 233 53 40;
	company	Registrar		Bukonių sen. Bukonių k. Lankesos g. 1	fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 16	Joint stock	23-08-2012, State	302846354	Jonavos r. sav.	(8~5) 233 53 40;
	company	Registrar		Bukonių sen. Bukonių k. Lankesos g. 1	fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 17	Joint stock	23-08-2012, State	302846379	Jonavos r. sav.	(8~5) 233 53 40;
	company	Registrar		Bukonių sen. Bukonių k. Lankesos g. 1	fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 18	Joint stock	23-08-2012, State	302846436	Jonavos r. sav.	(8~5) 233 53 40;
	company	Registrar		Bukonių sen. Bukonių k. Lankesos g. 1	fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 19	Joint stock	23-08-2012, State	302846468	Jonavos r. sav.	(8~5) 233 53 40;
	company	Registrar		Bukonių sen. Bukonių k. Lankesos g. 1	fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 20	Joint stock	23-08-2012, State	302846482	Jonavos r. sav.	(8~5) 233 53 40;
	company	Registrar		Bukonių sen. Bukonių k. Lankesos g. 1	fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Agrosaulė 21	Joint stock	23-08-2012, State	303301257	M. Kriaučiūno st. 15,	(8~5) 233 53 40;
	company	Registrar		Gustoniai, Panevėžys distr.	fax: (8~5) 233 53 45, e-mail: [email protected]
Biržai distr., Rinkuškiai	Association	11-12-2009 Biržai district	302465556	Vytauto st. 38, LT	(8~5) 233 53 40;
reclamation infrastructure		municipality		41143, Biržai distr.	fax: (8~5) 233 53 45,
users association					e-mail: [email protected]
		11-12-2009 Pasvalys	302465563	Diliauskai, LT-39188	(8~5) 233 53 40;
Pasvalys distr., Pušalotas	Association	district municipality		Pasvalys distr.	fax: (8~5) 233 53 45,
reclamation infrastructure					e-mail: [email protected]
users association
UAB Traktorių nuomos	Joint stock	16-07-2012, State Registrar	302820808	J. Savickio St. 4, Vilnius	(8~5) 233 53 40; fax: (8~5) 233 53 45,
centras	company				e-mail: [email protected]
UAB Traktorių nuomos	Joint stock	16-07-2012, State	302820797	J. Savickio St. 4,	(8~5) 233 53 40;
paslaugos	company	Registrar		Vilnius	fax: (8~5) 233 53 45,
					e-mail: [email protected]
UAB Arnega	Joint stock	13-08-2011, State Registrar	302661957	Adutiškio st. 3-3, Vilnius	(8~5) 233 53 40; fax: (8~5) 233 53 45,
	company				e-mail: [email protected]
Grūduvos melioracija	Association	23-11-2010, State	302567116	Mokyklos st. 2,	(8~5) 233 53 40;
		Registrar		Gotlybiškės, Šakiai	fax: (8~5) 233 53 45,
				distr.	e-mail: [email protected]
UAB AGRO Ramučiai	Joint stock	05-09-2012, State	302854479	Poviliškės, Šiauliai	(8~5) 233 53 40;
	company	Registrar		distr.	fax: (8~5) 233 53 45, e-mail: [email protected]
UAB Luganta	Joint stock	05-09-2012, State	300045023	Pašlaušė, Kelmė distr.	(8~5) 233 53 40;
	company	Registrar			fax: (8~5) 233 53 45, e-mail: [email protected]
UAB ŽVF projektai	Joint stock	27-12-2012, State	300137062	Jonavos r. sav.	(8~5) 233 53 40;
	company	Registrar		Bukonių sen. Bukonių k. Lankesos g. 1	fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Želsvelės ekologinis	Agricultural entity	09-06-2014, State	303325856	Jonavos r. sav.	(8~5) 233 53 40;
ūkis		Registrar		Bukonių sen. Bukonių k. Lankesos g. 1	fax: (8~5) 233 53 45, e-mail: [email protected]

AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania

INTERIM REPORT

(All amounts are in EUR thousand, unless otherwise stated)

ŽŪB Smilgių ekologinis ūkis	Agricultural entity	09-06-2014, State Registrar	303325824	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Skėmių ekologinis ūkis	Agricultural entity	09-06-2014, State Registrar	303325692	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Mantviliškio ekologinis ūkis	Agricultural entity	09-06-2014, State Registrar	303325703	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Spindulio ekologinis ūkis	Agricultural entity	09-06-2014, State Registrar	303325817	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Lankesos ekologinis ūkis	Agricultural entity	09-06-2014, State Registrar	303325710	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Dumšiškių ekologinis ūkis	Agricultural entity	09-06-2014, State Registrar	303324722	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Kairėnų ekologinis ūkis	Agricultural entity	09-06-2014, State Registrar	303325774	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Žadžiūnų ekologinis ūkis	Agricultural entity	09-06-2014, State Registrar	303325870	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Vėriškių ekologinis ūkis	Agricultural entity	09-06-2014, State Registrar	303325849	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Nausodės ekologinis ūkis	Agricultural entity	09-06-2014, State Registrar	303325781	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Jurbarkų ekologinis ūkis	Agricultural entity	09-06-2014, State Registrar	303325361	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Eimučių ekologinis ūkis	Agricultural entity	09-06-2014, State Registrar	303324715	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Alantos ekologinis ūkis	Agricultural entity	09-06-2014, State Registrar	303324747	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
ŽŪB Grūduvos ekologinis ūkis	Agricultural entity	09-06-2014, State Registrar	303324804	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB eTime invest	Joint stock company	09-06-2014, State Registrar	300578676	Saltoniškių st. 29, Vilnius	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
OOO Karakash Agro	Joint stock company	09-09-2010, Ukraine	37171461	Adalet st. 18, Chechova, Razdolnenskiy distr., Krym	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
OOO Karakash	Joint stock company	09-09-2010, Ukraine	32140884	Adalet st. 18, Chechova, Razdolnenskiy distr., Krym	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
AgroSchool OU	Joint stock company	15-07-2013, Estonia	12491954	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Public institution AgroSchool	Public institution	22-07-2013, State Registrar	303104797	Jonavos r. sav. Bukonių sen. Bukonių k. Lankesos g. 1	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Havestro OU	Private limited company	11-12-2013, Estonia	12583455	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Tabra Agro OU	Private limited company	30-04-2014, Estonia	12654586	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Springbox OU	Private limited company	06-05-2014, Estonia	12581947	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]

AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania

INTERIM REPORT

(All amounts are in EUR thousand, unless otherwise stated)

Newbygg OU	Private limited company	02-05-2014, Estonia	12505188	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Kangruaadu Agro OU	Private limited company	30-04-2014, Estonia	12654876	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Prestviigi OU	Private limited company	30-04-2014, Estonia	12654600	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Astermont OU	Private limited company	06-05-2014, Estonia	12582869	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Kropi Silm OU	Private limited company	24-04-2014, Estonia	12654868	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Lepaoja Agro OU	Private limited company	30-04-2014, Estonia	12654847	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Revalmarine OU	Private limited company	06-05-2014, Estonia	12583596	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Transrail OU	Private limited company	11-12-2013, Estonia	12583707	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
SwedGreen OU	Private limited company	18-03-2014, Estonia	12582987	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
First deal OU	Private limited company	12-07-2013, Estonia	12504154	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Viarock OU	Private limited company	06-05-2014, Estonia	12582993	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Rame Agro OU	Private limited company	25-04-2014, Estonia	12652162	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Saastna Agro OU	Private limited company	29-04-2014, Estonia	12653575	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Pasilaid OU	Private limited company	29-04-2014, Estonia	12653569	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Lillhamne OU	Private limited company	29-04-2014, Estonia	12653747	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Ogerna OU	Private limited company	28-04-2014, Estonia	12653121	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Teorehe Agro OU	Private limited company	29-04-2014, Estonia	12653764	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Sendri Capital OU	Private limited company	02-05-2014, Estonia	12655539	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Turvaste partners OU	Private limited company	02-05-2014, Estonia	12655410	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Nakamaa Agro OU	Private limited company	02-05-2014, Estonia	12655522	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Hindaste Invest OU	Private limited company	24-04-2014, Estonia	12655384	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Tuudi River OU	Private limited company	02-05-2014, Estonia	12655384	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]

AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania

INTERIM REPORT

(All amounts are in EUR thousand, unless otherwise stated)

Palderma Partners OU	Private limited company	02-05-2014, Estonia	12654959	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Liialaid Capital OU	Private limited company	02-05-2014, Estonia	12655203	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Ave-Martna Capital OU	Private limited company	02-05-2014, Estonia	12655155	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Hobring Invest OU	Private limited company	02-05-2014, Estonia	12655427	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Rukkirahhu Capital OU	Private limited company	02-05-2014, Estonia	12655232	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Kaazys Agro OU	Private limited company	02-05-2014, Estonia	12655491	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Pahasoo OU	Private limited company	02-05-2014, Estonia	12655367	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Balistaro OU	Private limited company	30-04-2013, Estonia	12566876	Rannaku st. 12, Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
123 Union OU	Private limited company	31-08-2013, Estonia	12502764	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
NovaCorpus OU	Private limited company	30-04-2013, Estonia	12583136	Rannaku st. 12, Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Bestmax OU	Private limited company	12-11-2013, Estonia	12568869	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Remidox OU	Private limited company	31-08-2013, Estonia	12504025	Parnu st. 15, Harju distr., Tallinn	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Ganiklis	Cooperative entity	20-10-2014, State Registrar	303429417	Alyvų st. 1-3, Skėmiai mun., LT-82350 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Ganiavos gėrybės	Cooperative entity	20-10-2014, State Registrar	303429431	Alyvų st. 1-3, Skėmiai mun., LT-82350 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Žemėpačio pieno ūkis	Cooperative entity	22-10-2014, State Registrar	303432388	Alyvų st. 1-3, Skėmiai mun., LT-82350 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Žemynos pienelis	Cooperative entity	17-10-2014, State Registrar	303427989	Alyvų st. 1-3, Skėmiai mun., LT-82350 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Lygiadienio ūkis	Cooperative entity	17-10-2014, State Registrar	303428087	Alyvų st. 1-3, Skėmiai mun., LT-82350 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Laumės pieno ūkis	Cooperative entity	17-10-2014, State Registrar	303427996	Alyvų st. 1-3, Skėmiai mun., LT-82350 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Medeinos pienas	Cooperative entity	17-10-2014, State Registrar	303428112	Alyvų st. 1-3, Skėmiai mun., LT-82350 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Gardaitis	Cooperative entity	20-10-2014, State Registrar	303429381	Alyvų st. 1-3, Skėmiai mun., LT-82350 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Dimstipatis	Cooperative entity	20-10-2014, State Registrar	303429424	Alyvų st. 1-3, Skėmiai mun., LT-82350 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Aušlavis	Cooperative entity	20-10-2014, State Registrar	303429456	Alyvų st. 1-3, Skėmiai mun., LT-82350 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]

(All amounts are in EUR thousand, unless otherwise stated)

KB Austėjos pieno ūkis	Cooperative entity	17-10-2014, State Registrar	303428094	Alyvų st. 1-3, Skėmiai mun., LT-82350 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Aitvaro ūkis	Cooperative entity	20-10-2014, State Registrar	303429374	Alyvų st. 1-3, Skėmiai mun., LT-82350 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
KB Giraičio pieno ūkis	Cooperative entity	20-10-2014, State Registrar	303429399	Alyvų st. 1-3, Skėmiai mun., LT-82350 Radviliškis distr.	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB "Pašiaušės dirva"	Private limited company	20-10-2014, State Registrar	303210551	Vilniaus m. sav. Vilniaus m. Lvovo g. 25	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB "Ramučių dirva"	Private limited company	20-10-2014, State Registrar	303210569	Vilniaus m. sav. Vilniaus m. Lvovo g. 25	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
UAB "Paladis"	Private limited company	20-10-2014, State Registrar	300593219	Vilniaus m. sav. Vilniaus m. Lvovo g. 25	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
FAERUN OÜ	Private limited company	28-04-2014, Estonia	12652989	Harjumaa, Tallinn, Ahtri tn 6a, Kesklinna linnaosa, 10151	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
LUTUM INVEST OÜ	Private limited company	28-04-2014, Estonia	12652601	Harjumaa, Tallinn, Ahtri tn 6a, Kesklinna linnaosa, 10151	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]
Morana Invest OÜ	Private limited company	28-04-2014, Estonia	12652676	Harjumaa, Tallinn, Ahtri tn 6a, Kesklinna linnaosa, 10151	(8~5) 233 53 40; fax: (8~5) 233 53 45, e-mail: [email protected]

Information on where and when the Report and the documents, on which the Report is based, are publicly available and the name of the mass media means

The report is available during working days from 8.30 to 17.30 at the headquarters of Auga Group AB at the adress: Smolensko st. 10, Vilnius, or at the Company's internet website: www.auga.lt. The announcements of the Company, including the information and other documents related to the Annual General meeting, also the information and other documents related to liquidation or reorganisation of the Company, minutes of the shareholder and Board meetings, other announcements and documents, which according to the law of Republic of Lithuania, the Statutes of the Company ant the decisions of the Management have to be announced publicly are announced in the state registrar electronic bulletin or delivered to each shareholder and other person personally – either by registered mail, or by signed delivery.

Announcements of the Company are placed on the NASDAQ OMX Vilnius Stock exchange information system and on the ESPI information system which is operated by Polish FSA, as well as on Electronic Information Base which is operated by Warsaw Stock Exchange.

(All amounts are in EUR thousand, unless otherwise stated)

II. INFORMATION ABOUT THE LARGEST SHAREHOLDERS AND ISSUERS MANAGEMENT

Share capital

The share capital of AUGA Group AB as at 30 September 2016 was EUR 54,350,713.08. The share capital was divided into 187,416,252 ordinary shares. Each issued share has a EUR 0.29 nominal value and fully paid.

Shareholders

Total number of shareholders as at 20 October 2016 was 1,033 (one thousand thirty three). The shareholders owning more than 5 per cent of all the company shares:

Name, surname / name of the company	Company / personal code	Address	Votes held by shareholder	Shares held by shareholder
UAB "Baltic Champs Group"	145798333	Poviliškių km., Šiaulių raj. sav.	96,640,015	51.56%
"Volemer Holdings Limited"	HE 268133	Avlonos 1, Nikosija, Kipras	29,776,510	15.89%
"Vretola Holdings Limited"	HE270472	Stylianou Lena, 18, Pallouriot, Nikosija, Kipras	27,511,660	14.68%
Multi Asset Selection Fund	I015	Antano Tumėno g. 4-B	10,920,736	5.45%

The sales of the Issuer's securities on exchanges and other organized markets

Over the accounting period, the Companies shares were traded on the NASDAQ OMX Vilnius (hereinafter – OMX Vilnius).

	Price, EUR			Total turnover
			Last	Date of last		EUR,
Reporting period	max	min	session	session	Units	million
I quarter 2016	0.440	0.285	0.412	2016.03.31	1,402,512	0.475
II quarter 2016	0.418	0.387	0.402	2016.06.30	358,372	0.146
III quarter 2016	0.535	0.397	0.420	2016.09.30	777,912	0.347

Agreements with the mediators of securities public circulation

The Company and FMĮ Orion Securities UAB (A. Tumėno st. 4, B korpusas, LT-01109, Vilnius) signed an agreement regarding handling of Shareholders accounts.

Procedure for amendments of the Articles of Association

The Articles of Association can be changed following Lithuanian Republic law on Stock companies with an appropriate approval of the Companies' shareholders.

(All amounts are in EUR thousand, unless otherwise stated)

Members of the managing bodies

The managing bodies of the company are general meeting of the shareholders, the Supervisory Council, the Board of Directors and Managing Director. The Supervisory Council (consisting of 5 members) is elected by the shareholder meeting. The Board of directors is formed from 5 members. The chairman is elected by the Board. The Boardmembers are elected by the Supervisory Council. The Board of Directors elects and recalls the Director, decide upon remuneration and other working conditions, approves official rulebook, awards and handles penalties. The General director is the manager of the Company.

Information on managing bodies of the Company as at 30 September 2016:

		End of current term	Period of service
Name, Surname	Position	of office	as a member

	Chairman of	Until general meeting of	Member of Supervisory
Vladas Lašas	Supervisory Board	shareholders to be held in 2018	Board since 14-05-2015
	Member of	Until general meeting of	Member of Supervisory
Liudas Navickas	Supervisory Board	shareholders to be held in 2018	Board since 13-03-2014
	Member of	Until general meeting of	Member of Supervisory
Aurimas Sanikovas	Supervisory Board	shareholders to be held in 2018	Board since 13-03-2014
	Member of	Until general meeting of	Member of Supervisory
Gediminas Žiemelis	Supervisory Board	shareholders to be held in 2018	Board since 13-03-2014
	Member of	Until general meeting of	Member of Supervisory
Rimantas Rudzkis	Supervisory Board	shareholders to be held in 2018	Board since 13-03-2014

		End of current term	Period of service
Name, Surname	Position	of office	as a member

Kęstutis Juščius	Chairman of Board	Until general meeting of shareholders to be held in 2018	Chairman of Board since 14-05-2015
			Member of Board since 08-05-2014
Linas Bulzgys	Member of Board General director	Until general meeting of shareholders to be held in 2018	General director since 05-05-2015
Marius Žutautas	Member of Board	Until general meeting of shareholders to be held in 2018	Member of Board since 30-08-2010
Marijus Bakas	Member of Board	Until general meeting of shareholders to be held in 2018	Member of Board since 08-05-2014
Domantas Savičius	Member of Board	Until general meeting of shareholders to be held in 2018	Member of Board since 14-12-2007
Linas Strėlis	Member of Board	Until general meeting of shareholders to be held in 2018	Member of Board since 14-12-2007
Vladas Bagavičius	Member of Board	Until general meeting of shareholders to be held in 2018	Member of Board since 01-12-2008

Information on the shares of the Company held by the members of the Supervisory Board, the Board and the top management as of 30 September 2016:

Name, Surname	Position	Owned shares in the Company, units	Owned shares in the Company, %

Vladas Bagavičius	Member of Board	928,357	0.50%
Domantas Savičius	Member of Board	784,959	0.42%
Marius Žutautas	Member of Board	442,568	0.24%
Marijus Bakas	Member of Board	39,062	0.02%
Gediminas Žiemelis	Member of Supervisory Board	8,993	0.00%

(All amounts are in EUR thousand, unless otherwise stated)

III. FINANCIAL INFORMATION

Consolidated income statement

	9 month period ended 30 September		3 month period ended 30 September
	2016 unaudited	2015 unaudited	2016 unaudited	2015 unaudited
Revenues Cost of sales Gain (loss) on changes in fair values of biological assets	28,070 (21,533)	32,041 (23,687)	8,918 (6,780)	15,292 (11,002)
and on initial recognition of agricultural produce	272	3	-	4
GROSS PROFIT	6,809	8,357	2,138	4,294
Operating expenses Write-off of negative goodwill	(5,200) 435	(4,842) -	(1,332) -	(1,690) -
Other income	264	8,529	181	7,148
OPERATING PROFIT	2,308	12,044	987	9,752
Finance cost	(1,535)	(1,118)	(432)	(539)
PROFIT (LOSS) BEFORE INCOME TAX	773	10,926	555	9,213
Profit tax	11	(1,015)	(5)	(1,015)
NET PROFIT / (LOSS) FOR THE PERIOD	784	9,911	550	8,198
ATTRIBUTABLE TO : Equity holders of the Company	812	9,912	583	8,185
Non-controlling interest	(28)	(1)	(33)	13
	784	9,911	550	8,198
Consolidated statement of comprehensive income
NET PROFIT/ (LOSS) FOR THE PERIOD	784	9,911	550,	8,198
Other comprehensive income: -	-	-	-	-
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD	784	9,911	550	8,198
ATTRIBUTABLE TO : Equity holders of the Company	812	9,912	583	8,185
Non-controlling interest	(28)	(1)	(33)	13
	784	9,911	550	8,198

(All amounts are in EUR thousand, unless otherwise stated)

Consolidated balance sheet

	30 September 2016 unaudited	31 December 2015 audited
ASSETS
Non-current assets
Property, plant and equipment	102,617	89,634
Investment property	2,036	9,636
Intangible assets	6	55
Long-term receivables	79	377
Financial assets	1,276	267
Deferred tax asset	264	255
Biological assets	6,408	6,637
Total non-current assets	108,082	106,861
Current assets
Biological assets - crops	3,831	4,067
Inventory	15,721	8,856
Trade receivables, advance payments and other receivables	14,454	11,414
Cash and cash equivalents	633	4,068
Total current assets	34,639	28,405
TOTAL ASSETS	147,325	135,266
Capital and reserves
Share capital	54,351	54,351
Share premium	7,890	7,890
Revaluation reserve	7,689	7,689
Legal reserve	579	579
Currency exchange differences	(266)	(266)
Accumulated surplus	(622)	(1,434)
Equity attributable to equity holders
of the Company	69,621	68,809
Non-controling interest	293	321
Shareholders equity, total	69,914	69 130
Non-current liabilities
Borrowings	34,933	18,804
Obligations under finance lease	5,015	2,515
Grants	4,061	4,515
Deferred tax liability	3,139	2,820
Total non-current liabilities	47,148	28,654
Current liabilities
Current portion of non-current borrowings	3,834	17,291
Current portion of non-current obligations under finance lease	1,018	1,991
Current borrowings	6,340	6,077
Trade payables	3,834	8,473
Other payables and current liabilities	6,848	3,650
Total current liabilities	30,263	37,482
Total liabilities	77,410	66,136
TOTAL EQUITY AND LIABILITIES	147,325	135,266

(All amounts are in EUR thousand, unless otherwise stated)

Consolidated statement of changes in equity

							Equity
							attributable to
							the
				Currency			shareholders	Non
		Share	Revaluation	exchange	Legal	Retained	of the	controlling
	Share capital	premium	reserve	differences	reserve	earnings	company	interest	Total
Audited balance as at 31 December 2014	54,279	7,890	-	(92)	579	(7,052)	55,604	380	55,984
Comprehensive income
Net profit (loss) for the period	-	-	-	-	-	1,726	1,726	(14)	1,712
Total comprehensive income	-	-	-	-	-	1,726	1,726	(14)	1,712
Transactions with shareholders
Increase in share capital	72	-	-	-	-	-	72	-	72
Total transactions with shareholders	72	-	-	-	-	-	72	-	72
Balance as at 30 September 2015	54,351	7,890	-	(92)	579	(5,326)	57,402	366	57,768

Balance as at 30 September 2016	54,351	7,890	7,689	(266)	579	(621)	69,621	293	69,914
Total transactions with shareholders	-	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-	-
Transactions with shareholders
Total comprehensive income	-	-	-	-	-	812	812	(28)	784
Net profit (loss) for the period	-	-	-	-	-	812	812	(28)	784
Comprehensive income
Audited balance as at 31 December 2015	54,351	7,890	7,689	(266)	579	(1,434)	68,809	321	69,130
	capital	premium	reserve	differences	reserve	earnings	company	interest	Total
	Share	Share	Revaluation	exchange	Legal	Retained	of the	controlling
				Currency			shareholders	Non
							the
							attributable to
							Equity

(All amounts are in EUR thousand, unless otherwise stated)

Consolidated statement of cash flows

	9 month period ended 30 September
	2016 Unaudited	2015 Unaudited
Cash flows from /(to) operating activities
Net profit (loss) from continuing activities	812	9,912
Minority interest	(28)	(1)
Taxes and deferred taxes	-	1,015
Net profit before taxes and minority income	784	10,926
Adjustments for non-cash expenses (income) items and other adjustments
Depreciation	4,585	4,275
Amortisation	49	105
Write-offs and sales of PPE	88	1,155
Negative goodwill	(435)	-
Gain on sale of investment property	-	(7,393)
Net interest expenses	1428	1,211
Currency exchange losses	-	(127)
Write-off of inventory	403	505
Revaluation of biological assets	149	-
Grants, related to assets, recognised as income	(355)	(401)
Changes in working capital
(Increase) decrease in biological assets	(688)	2,479
(Increase) decrease in trade receivables and prepayments	(7,934)	(8,730)
(Increase) decrease in inventory	(1,158)	(5,595)
(Decrease) increase in trade and other payables	6,831	6,446
	3,749	4,856
Interest paid, net	(1,164)	(1,165)
Net cash flows from /(to) operating activities	(2,585)	3,691
Cash flows from /(to) investing activities
Cash acquired with subsidiaries	40	-
Purchase of non-current tangible assets	(5,608)	(4,906)
Purchase (sale) of non-current intangible assets	-	8
Revenues from sale of investment property	-	2,303
Loans granted	298	-
Grants related to investments	-	637
Net cash flows from/(to) investment activities	(5,270)	(1,958)
Cash flows from /(to) financing activities
Disposal (acquisition) of available for sale investments	(113)	(185)
Amounts paid to banks	(8,263)	(2,572)
Borrowings received	7,134	2,544
Other borrowings received (paid)	(1,016)	(2,777)
Increase (repayments) of obligations under finance lease	1,529	625
Net cash flows from/(to) financing activities	(749)	(2,365)
Net (decrease) / increase in cash and cash equivalents	(3,435)	(632)
Cash and cash equivalents at the beginning of the period	4,068	1,054
Cash and cash equivalents at the end of the period	633	422

(All amounts are in EUR thousand, unless otherwise stated)

Comments to the Financial Information

General information

Auga Group AB (hereinafter – "the Company") was founded and started its operations on 25 June 2003. The Company's head office is located in Konstitucijos av. 21C, Quadrum North, Vilnius, Lithuania. The Company's main activity is management of agricultural companies.

In 2003 the Company's legal name Galuvė UAB was changed to Agrovaldymo grupė UAB. In February 2006, limited liability company Agrovaldymo grupė was reorganized to a public company Agrovaldymo grupė AB. In December 2007 the Company's name was changed to Agrowill Group AB.

In October, 2016 the Company's legal name Agrowill Group AB was changed to Auga Group AB.

In April 2014, AUGA Group AB group of companies (hereinafter pre-acquisition consolidated entity – AWG) were acquired by Baltic Champs Group UAB. AWG issued 102,596,266 new shares, 88,444,014 of which were acquired by Baltic Champs Group UAB by contributing shares of Baltic Champs UAB (hereinafter – BC), the remaining 14,151,252 shares were acquired by Vretola Holdings Limited by contributing shares of eTime invest UAB. Based on the requirements outlined in International Financial Reporting Standard 3 "Business Combinations" (IFRS 3) such transaction is treated and accounted for as a reverse acquisition, as former shareholders of BC obtained control of more than 50% of AUGA Group AB shares and received the majority of seats in the Board of Directors. For accounting purposes, the legal buyer AUGA Group AB is treated as an accounting acquiree, while legal acquiree Baltic Champs UAB is treated as an accounting acquirer. The new AUGA Group AB group of companies, hereinafter in the financial statements is referred to as the Group.

Due to this reverse acquisition transaction, the consolidated figures for the reporting period represent the Group's financial information, being those of Baltic Champs UAB (accounting acquirer) and its subsidiaries financial statements, although the legal name continues to be that of AUGA Group AB.

The Company's shareholders' meeting has the power to reject and request the management to reissue financial statements after issue. Starting since 1 April 2008 the Company was listed on Vilnius Stock Exchange Main list, since 30 April 2009, the Company was moved to the Secondary list of NASDAQ OMX Vilnius Stock Exchange. As of 8 July 2011, the Company's shares are also traded on the Warsaw Stock Exchange. The fiscal year of the Company and its subsidiaries corresponds with calendar year.

The consolidated Group (hereinafter the Group) consists of the Company and one hundred sixty four subsidiaries. The subsidiaries included in the Group's consolidated financial statements are indicated below:

	Group ownership interest, %
Subsidiary	Country	30 Sep 2016	Subsidiary	Country
UAB "Baltic Champs" (teisiškai –	Lithuania	100.00 %	100.00 %	Agricultural operations
dukterinė įmonė apskaitinis įgijėjas)
UAB "AVG Investment"	Lithuania	100.00 %	100.00 %	Management company
UAB "AWG Investment 1"	Lithuania	100.00 %	100.00 %	Management company
UAB "AWG Investment 2"	Lithuania	100.00 %	100.00 %	Management company
UAB "Agross"	Lithuania	100.00 %	100.00 %	Trade and logistics
BUAB "Abagrain"	Lithuania	100.00 %	100.00 %	Trade and logistics
UAB "Grain Lt"	Lithuania	100.00 %	100.00 %	Trade and logistics
UAB "AMT Žemė"	Lithuania	100.00 %	100.00 %	Trade and logistics
UAB "Agro GIS"	Lithuania	95.00 %	95.00 %	IT sistemų vystymas
UAB "Baltic Farming Land	Lithuania	100.00 %	100.00 %	Land purchase and rent
Management"*
UAB "Agro Management Team"	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Agrotechnikos centras"	Lithuania	100.00 %	100.00 %	Lease of machinery
UAB "Auga trade" ****	Lithuania	100.00 %	100.00 %	Trade and logistics
ŽŪB "Žemės fondas"	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Žemės vystymo fondas" *	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Žemės vystymo fondas 3" *	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Žemės vystymo fondas 4" *	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Žemės vystymo fondas 5" *	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Žemės vystymo fondas 6" *	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Žemės vystymo fondas 7" *	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Žemės vystymo fondas 9" *	Lithuania	100.00 %	100.00 %	Land purchase and rent

(All amounts are in EUR thousand, unless otherwise stated)

UAB "Žemės vystymo fondas 10" *	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Žemės vystymo fondas 11" *	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Žemės vystymo fondas 12" *	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Žemės vystymo fondas 14" *	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Žemės vystymo fondas 15" *	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Žemės vystymo fondas 16" *	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Žemės vystymo fondas 19" *	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Žemės vystymo fondas 20" *	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Žemės vystymo fondas 22" *	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Grūduva"	Lithuania	97 28 %	97 28 %	Agricultural operations
ŽŪB "Agrowill Spindulys"	Lithuania	100.00 %	100.00 %	Agricultural operations
ŽŪB "Agrowill Smilgiai" **	Lithuania	99 95 %	99 95 %	Agricultural operations
ŽŪB "Agrowill Skėmiai"	Lithuania	99 87 %	99 87 %	Agricultural operations
ŽŪB "Agrowill Nausodė" **	Lithuania	99 81 %	99 81 %	Agricultural operations
ŽŪB "Agrowill Dumšiškės" **	Lithuania	99 38 %	99 38 %	Agricultural operations
ŽŪB "Agrowill Žadžiūnai" **	Lithuania	99 02 %	99 02 %	Agricultural operations
ŽŪB "Agrowill Mantviliškis" ŽŪB "Agrowill Alanta"	Lithuania Lithuania	98 79 % 98 55 %	98 79 % 98 55 %	Agricultural operations Agricultural operations
ŽŪB "Agrowill Eimučiai" **	Lithuania	98 41 %	98 41 %	Agricultural operations
ŽŪB "Agrowill Vėriškės"	Lithuania	99 86 %	99 86 %	Agricultural operations
ŽŪB "Agrowill Želsvelė" **	Lithuania	97 17 %	97 17 %	Agricultural operations
ŽŪB "Agrowill Lankesa" **	Lithuania	96 24 %	96 24 %	Agricultural operations
ŽŪB "Agrowill Kairėnai"	Lithuania	94 82 %	94 82 %	Agricultural operations
ŽŪB "Agrowill Jurbarkai" **	Lithuania	87 78 %	87 78 %	Agricultural operations
Panevėžio rajono ŽŪB "Gustoniai"	Lithuania	99.00 %	99.00 %	Agricultural operations
"ZAO Agroprom"	Russia	75.00 %	75.00 %	Management company
"Agrowill group S.R.L."	Moldova	100.00 %	100.00 %	Land purchase and rent
"Natur Agro Grup S.R.L."	Moldova	100.00 %	100.00 %	Land purchase and rent
Kooperatinė bendrovė "Siesartis"	Lithuania	100.00 %	100.00 %	Agricultural services
Kooperatinė bendrovė "Kašėta"	Lithuania	100.00 %	100.00 %	Agricultural services
ŽŪB "Gustonys"	Lithuania	100.00 %	100.00 %	Land purchase and rent
ŽŪB "Skėmių pienininkystės centras"	Lithuania	50.00 %	50.00 %	Agricultural services
Kooperatinė bendrovė "Agrobokštai"	Lithuania	100.00 %	100.00 %	Agricultural services
Kooperatinė bendrovė "Dotnuvėlės valdos"	Lithuania	100.00 %	100.00 %	Agricultural services
Kooperatinė bendrovė "Nevėžio lankos"	Lithuania	100.00 %	100.00 %	Agricultural services
	Lithuania	100.00 %	100.00 %	Agricultural services
Kooperatinė bendrovė "Radviliškio
kraštas"
Kooperatinė bendrovė "Šventosios"	Lithuania	100.00 %	100.00 %	Agricultural services
pievos
Kooperatinė bendrovė "Kairių ūkis"	Lithuania	100.00 %	100.00 %	Agricultural services
Kooperatinė bendrovė "Šiaurinė valda"	Lithuania	100.00 %	100.00 %	Agricultural services
Kooperatinė bendrovė "Šušvės žemė"	Lithuania	100.00 %	100.00 %	Agricultural services
	Lithuania	100.00 %	100.00 %	Agricultural services
Kooperatinė bendrovė "Žalmargėlis"
Kooperatinė bendrovė "Juodmargėlis"	Lithuania	100.00 %	100.00 %	Agricultural services
Kooperatinė bendrovė "Agromilk"	Lithuania	100.00 %	100.00 %	Agricultural services
Kooperatinė bendrovė "Purpurėja"	Lithuania	100.00 %	100.00 %	Agricultural services
UAB "Agrosaulė 1" ***	Lithuania	100.00 %	100.00 %	Management company
UAB "Agrokreditas" ***	Lithuania	100.00 %	100.00 %	Management company

UAB "Agrosaulė 3" ***	Lithuania	100.00 %	100.00 %	Management company
UAB "Agrosaulė 4"	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Agrosaulė 5" ***	Lithuania	100.00 %	100.00 %	Management company
UAB "Agrosaulė 6"	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Agrosaulė 7" ***	Lithuania	100.00 %	100.00 %	Management company
UAB "Agrosaulė 8" ***	Lithuania	100.00 %	100.00 %	Management company
UAB "Agrosaulė 9"	Lithuania	100.00 %	100.00 %	Land purchase and rent

UAB "Agrosaulė 10" ***	Lithuania	100.00 %	100.00 %	Management company
UAB "Agrosaulė 11"	Lithuania	100.00 %	100.00 %	Land purchase and rent

(All amounts are in EUR thousand, unless otherwise stated)

UAB "Agrosaulė 12"	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Agrosaulė 13" ***	Lithuania	100.00 %	100.00 %	Management company
UAB "Agrosaulė 14"	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Agrosaulė 15" ***	Lithuania	100.00 %	100.00 %	Management company
UAB "Agrosaulė 16" ***	Lithuania	100.00 %	100.00 %	Management company
UAB "Agrosaulė 17" ***	Lithuania	100.00 %	100.00 %	Management company
UAB "Agrosaulė 18" ***	Lithuania	100.00 %	100.00 %	Management company
UAB "Agrosaulė 19" ***	Lithuania	100.00 %	100.00 %	Management company
UAB "Agrosaulė 20" ***	Lithuania	100.00 %	100.00 %	Management company
UAB "Traktorių nuomos centras"	Lithuania	100.00 %	100.00 %	Agricultural services
UAB "Traktorių nuomos paslaugos"	Lithuania	100.00 %	100.00 %	Agricultural services
UAB "Arnega"	Lithuania	100.00 %	100.00 %	Agricultural services
"AgroSchool" OU	Estonia	100.00 %	100.00 %	Management company
VšĮ "AgroSchool"	Lithuania	50.00 %	50.00 %	Human resource management
Pasvalio rajono Pušaloto melioracijos	Lithuania	100.00 %	100.00 %	Agricultural services
statinių naudotojų asociacija
Biržų rajono Rinkuškių melioracijos	Lithuania	100.00 %	100.00 %	Agricultural services
statinių naudotojų asociacija
Skėmių melioracijos statinių naudotojų
asociacija	Lithuania	100.00 %	100.00 %	Agricultural services
Vaitiekūnų melioracijos statinių
naudotojų asociacija	Lithuania	100.00 %	100.00 %	Agricultural services
Asociacija "Grūduvos melioracija"	Lithuania	100.00 %	100.00 %	Agricultural services
UAB "Agrosaulė 21"***	Lithuania	100.00 %	100.00 %	Management company
UAB "Agro Ramučiai"	Lithuania	100.00 %	100.00 %	Agricultural operations
UAB "Luganta"	Lithuania	100.00 %	100.00 %	Agricultural operations
UAB "eTime invest"	Lithuania	100.00 %	100.00 %	Management company
"Karakash Agro" OOO	Ukraine	100.00 %	100.00 %	Agricultural operations
"Karakash" OOO	Ukraine	100.00 %	100.00 %	Agricultural operations
UAB "ŽVF projektai"	Lithuania	100.00 %	100.00 %	Land purchase and rent
UAB "Alantos ekologinis ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
UAB "Dumšiškių ekologinis ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
UAB "Eimučių ekologinis ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
UAB "Grūduvos ekologinis ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
UAB "Jurbarkai ekologinis ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
UAB "Kairėnų ekologinis ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
UAB "Lankesos ekologinis ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
UAB "Mantviliškio ekologinis ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
UAB "Nausodės ekologinis ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
UAB "Skėmių ekologinis ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
UAB "Smilgių ekologinis ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
UAB "Spindulio ekologinis ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
UAB "Vėriškės ekologinis ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
	Lithuania			Agricultural operations
UAB "Žadžiūnų ekologinis ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
UAB "Želsvelės ekologinis ūkis"	Estonia	100.00 %	100.00 %	Management company
"Havestro" OU***	Estonia	100.00 %	100.00 %	Management company
"Tabra Agro" OU***	Estonia	100.00 %	100.00 %	Management company
"Springbox" OU***	Estonia	100.00 %	100.00 %	Management company
"Newbygg" OU***		100.00 %	100.00 %
"Kangruaadu Agro" OU***	Estonia	100.00 %	100.00 %	Management company
"Prestviigi" OU***	Estonia	100.00 %	100.00 %	Management company
"Astermont" OU***	Estonia	100.00 %	100.00 %	Management company

(All amounts are in EUR thousand, unless otherwise stated)

"Kropi Silm" OU***	Estonia	100.00 %	100.00 %	Management company
"Lepaoja Agro" OU***	Estonia	100.00 %	100.00 %	Management company
"Revalmarine" OU***	Estonia	100.00 %	100.00 %	Management company
"Transrail" OU***	Estonia	100.00 %	100.00 %	Management company
"SwedGreen" OU***	Estonia	100.00 %	100.00 %	Management company
"First deal" OU***	Estonia	100.00 %	100.00 %	Management company
"Viarock" OU***	Estonia	100.00 %	100.00 %	Management company
"Rame Agro" OU***	Estonia	100.00 %	100.00 %	Management company
"Saastna Agro" OU***	Estonia	100.00 %	100.00 %	Management company
"Pasilaid" OU***	Estonia	100.00 %	100.00 %	Management company
"Lillhamne" OU***	Estonia	100.00 %	100.00 %	Management company
"Ogerna" OU***	Estonia	100.00 %	100.00 %	Management company
"Teorehe Agro" OU***	Estonia	100.00 %	100.00 %	Management company
"Sendri Capital" OU***	Estonia	100.00 %	100.00 %	Management company
"Turvaste partners" OU***	Estonia	100.00 %	100.00 %	Management company
"Nakamaa Agro" OU***	Estonia	100.00 %	100.00 %	Management company
"Hindaste Invest" OU***	Estonia	100.00 %	100.00 %	Management company
"Tuudi River" OU***	Estonia	100.00 %	100.00 %	Management company
"Palderma Partners" OU***	Estonia	100.00 %	100.00 %	Management company
"Liialaid Capital" OU***	Estonia	100.00 %	100.00 %	Management company
"Ave-Martna Capital" OU***	Estonia	100.00 %	100.00 %	Management company
"Hobring Invest" OU***	Estonia	100.00 %	100.00 %	Management company
"Rukkirahhu Capital" OU***	Estonia	100.00 %	100.00 %	Management company
"Kaazys Agro" OU***	Estonia	100.00 %	100.00 %	Management company
"Pahasoo" OU***	Estonia	100.00 %	100.00 %	Management company
"Balistaro" OU***	Estonia	100.00 %	100.00 %	Management company
"123 Union" OU***	Estonia	100.00 %	100.00 %	Management company
"NovaCorpus" OU***	Estonia	100.00 %	100.00 %	Management company
"Bestmax" OU***	Estonia	100.00 %	100.00 %	Management company
"Remidox" OU***	Estonia	100.00 %	100.00 %	Management company
KB "Ganiklis"	Lithuania	100.00 %	100.00 %	Agricultural operations
KB "Ganiavos gėrybės"	Lithuania	100.00 %	100.00 %	Agricultural operations
KB "Žemėpačio pieno ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
KB "Žemynos pienelis"	Lithuania	100.00 %	100.00 %	Agricultural operations
KB "Lygiadienio ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
KB "Laumės pieno ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
KB "Medeinos pienas"	Lithuania	100.00 %	100.00 %	Agricultural operations
KB "Gardaitis"	Lithuania	100.00 %	100.00 %	Agricultural operations
KB "Dimstipatis"	Lithuania	100.00 %	100.00 %	Agricultural operations
KB "Aušlavis"	Lithuania	100.00 %	100.00 %	Agricultural operations
KB "Austėjos pieno ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
KB "Aitvaro ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
KB "Giraičio pieno ūkis"	Lithuania	100.00 %	100.00 %	Agricultural operations
FAERUN OÜ	Estonia	100.00 %	0.00 %	Management company
LUTUM INVEST OÜ	Estonia	100.00 %	0.00 %	Management company
Morana Invest OÜ	Estonia	100.00 %	0.00 %	Management company
UAB "Pašiaušės dirva"	Lithuania	100.00 %	0.00 %	Land purchase and rent
UAB "Ramučių dirva"	Lithuania	100.00 %	0.00 %	Land purchase and rent
UAB "Paladis"	Lithuania	100.00 %	0.00 %	Land purchase and rent

(All amounts are in EUR thousand, unless otherwise stated)

* Land management entities;

**Entities under restructuring ;

*** Special purpose ventures (SPVs).

**** As at 31 December 2015 Company's title was PRIMA BIO COOP, UAB. In January 2016 the title was changed to Auga trade, UAB.

***** As at 31 December 2015 Company's title was Agrokreditas, UAB. In May 2016 the title was changed to Auga Group, UAB.

As of 30 September 2016 the Group had 1,220 employees, 31 December 2015 – 1,084 employees. Main operations of the Group – production and sales of milk and different grain and rapeseed crops, as well as land management activities.

Basis of preparation

Except as described below, the accounting policies applied are consistent with those of the annual financial statements for the year ended 31 December 2015, as described in those annual financial statements. Taxes on income in the interim periods are accrued using the tax rate that would be applicable to expected total annual earnings.

The accompanying interim financial information for the period ended 30 September 2016 has been prepared in accordance with IAS 34, 'Interim financial reporting'. The consolidated financial information have been prepared on the historical cost basis, as modified by the revaluation of property, plant and equipment, investment property and biological assets (livestock and crops). This financial information should be read in conjunction with the annual financial statements for the year ended 31 December 2015, which have been prepared in accordance with IFRS as adopted by the EU.

The preparation of financial information in conformity with IAS 34 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the group's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the consolidated financial information, are disclosed below.

Critical accounting estimates and assumptions

The Group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities in future periods are addressed below.

Income taxes

Tax authorities have right to examine accounting records of the Company and its Lithuanian subsidiaries at anytime during the 5 year period after the current tax year and account for additional taxes and fines. In the opinion of the Group's management, currently there are no circumstances which would raise substantial liability in this respect to the Group.

The Group has created deferred tax liability on revaluation amounts of investment property and own assets. The applicable tax rate used was 15%, as it is planned that assets will be realized (if will be realized) after 2013 when the 15% corporate tax effect will be applicable to all Group's entities (except for the agricultural subsidiaries which are currently taxed at lower transition tax rate of 5%).

(All amounts are in EUR thousand, unless otherwise stated)

Revenues

Revenues breakdown by type was the following:	9 months period ended 30 September
	2016	2015
Mushrooms and compost	18,961	15,560
Milk sales	4,254	4,889
Crop sales	4,172	9,840
Cattle sales	666	1,463
Other revenues	17	289
Total	28,070	32,041

Crop sales decreased in the first 9 months of 2016 comparing to the same period last year due to the fact that harvest of 2015 was mostly sold in the same reporting period as harvested and therefore there were less sales in the next reporting period.

Cost of sales

Cost of sales breakdown by type was the following: 9 months period ended 30 September 2016 2015 Mushrooms and compost 17,770 14,578 Milk cost of sales 5,214 5,466 Crop cost of sales 3,201 7,095 Cattle cost of sales 1,495 2,338 Other cost of sales 8 355 Less: State subsidies (6,155) (6,145) Total 21,533 23,687

The highest effect on the cost fo sales increase was caused by mushrooms and compost costs which grew in-line with mushroom sales. Dairy gross margin fell due to a significant decline in production prices. Cattle gross margin was influenced by the fact that in 2015 the Group were selling mature bull meat with minimal loss impact to gross margin while in 2016 no more bulls were held for sale.

Operating expenses

Operating expenses breakdown by type of expenses was the following: 9 months period

	ended 30 September
	2016	2015
Payroll expenses	1,716	1,448
Social security expenses	532	449
Depreciation and amortization	163	526
Write-off of inventory	553	616
Consultation services	474	195
Fuel and transportation expenses	158	112
Tax and insurance expenses	359	290
Rent and utilities	120	202
Impairment of accounts receivable	-	8
Other expenses	1,125	996
Total	5,200	4,842

Operating expenses are increasing in-line with the budget.

(All amounts are in EUR thousand, unless otherwise stated)

Other income

Other income breakdown by type was the following:

	9 months period ended 30 September
	2016	2015
Revaluation of investment property	-	7,393
Gain on sale of investment property	-	750
Interest and fines income	67	93
Write-down of liabilities	149	5
Other income	48	288
Total	264	8,529

During the first 9 months of 2015 the Group sold investment property of the Group – agricultural land plots. Total net profit of land plots sales amounted to EUR 750 thousand. Also, during the third quarter of 2015 the Group revalued part of its investment property, recognizing a gain of EUR 7,393 thousand. No significant unusual sales were made in the first 9 months of 2016.

Financial expenses

Financial expenses breakdown by type was the following:

	9 months period ended 30 September
	2016	2015
Bank interest expenses	1,215	993
Other interest expenses	214	217
Currency exchange differences	3	(127)
Other financial expenses	103	35
Total	1,535	1,118

Bank interest expenses increased due to increased financial liabilities.

(All amounts are in EUR thousand, unless otherwise stated)

Fixed assets

GROUP	Land	Buildings	Constructions and machinery	Vehicles, equipment and other property, plant and equipment	Construction in progress	Total
Carrying amount	17,484	46,426	14,812	1,909	153	80,784
- additions	285	1,254	3,742	655	412	6,348
- disposals and write-offs	( 7)	( 54)	( 231)	( 80)	( 4)	( 376)
- acquisition of subsidiaries (note 26)	-	( 2,473)	( 3,225)	( 479)	-	( 6,177)
- depreciation	8,398	-	-	-	-	8,398
- currency exchange differences	( 60)	( 204)	-	-	-	( 264)
- reclassifications	921	55	-	-	( 55)	921
As at 31 December 2015	27,021	45,004	15,098	2,005	506	89,634
- additions	888	129	3,340	1,069	182	5,608
- Acquisition of subsidiaries	4,449	-	-	-	-	4,449
- disposals and write-offs	( 2)	( 109)	( 1,043)	( 391)	-	( 1,545)
- depreciation	-	( 1,556)	( 1,676)	( 212)	-	( 3,444)
- reclassifications	7,914	-	-	-	-	7,914
As at 30 September 2016	40,271	43,468	15,719	2,471	688	102,617
Acquisition cost as at
31 December 2014	17,484	48,513	17,273	2,306	153	85,729
31 December 2015	27,021	49,768	20,784	2,881	506	100,960
30 September 2016	40,271	49,788	23,081	3,559	688	117,387
Accumulated depreciation and impairment losses as at
31 December 2014	-	( 2,087)	( 2,461)	( 397)	-	( 4,945)
31 December 2015	-	( 4,764)	( 5,686)	( 876)	-	( 11,326)
30 September 2016	-	( 6,320)	( 7,362)	( 1,088)	-	( 14,770)
Carrying amount as at 31 December 2014	17,484	46,426	14,812	1,909	153	80,784
Carrying amount as at 31 December 2015	27,021	45,004	15,098	2,005	506	89,634
Carrying amount as at 30 September 2016	40,271	43,468	15,719	2,471	688	102,617

(All amounts are in EUR thousand, unless otherwise stated)

Share capital

In April 2014 the share capital of the Baltic Champs UAB (legal subsidiary – accounting acquirer) was reversed and a legal capital of AUGA Group AB (legal parent – accounting acquiree) was recognised in full amount at the date of business combination together with contribution of equity by Baltic Champs Group UAB in the form of cash payments.

The adjusted share capital of consolidated AUGA Group AB is EUR 54,351 thousand as at 30 September 2016 and 31 December 2015 respectively. The share capital is divided into 187,416,252 ordinary shares, which is the number of shares issued by the Company as at 30 September 2016 and 31 December 2015.

Liabilities

The Group's long term borrowings consisted of the following:

	As at 30 September 2016	As at 31 December 2015
Borrowings from banks
Mushroom growing companies	8,564	9,917
Land management entities	13,375	11,429
Agricultural entities	6,720	9,399
Agricultural cooperatives	872	994
Long-term payment to 3rd parties
Long-term payable to the State	1,684	1,851
Long-term payable to creditors	7,552	2,506
Total	38,767	36,095
Less: amounts, payable within one year (according to agreements)	( 3,834)	(17,291)
Total long term borrowings	- 34,933	18,804

The Group owes payable amount to the State of EUR 1,684 thousand for land acquisition made by Group in 2008 - 2014. The payable amount to State is over 15 year period.

The long-term borrowings and payables are repayable as follows:	As at 30 September 2016	As at 31 December 2015
Borrowings from banks
Within second year	6,070	3,412
Within third and fourth year	17,482	11,183
After fifth year and later	11,381	4,209
Total	34,933	18,804

The Group's short term borrowings were the following:

	As at 30 September 2016	As at 31 December 2015
Borrowings from banks
Mushroom growing companies	2,317	2,317
Agricultural entities	-	770
Parent company	4,023	2,990
Total short term borrowings	6,340	6,077

Information on audit

Consolidated Interim Financial Information of the Group for the 9 month period ended 30 September 2016 was not audited.

(All amounts are in EUR thousand, unless otherwise stated)

IV. THE NEWEST AND ESSENTIAL EVENTS IN THE ACTIVITY OF THE ISSUER

The newest events in the activity of the Issuer

During March – April 2016, Agrowill Alanta ŽŪB, Agrowill Dumšiškės ŽŪB, Agrowill Eimučiai ŽŪB, Agrowill Jurbarkai ŽŪB, Agrowill Lankesa ŽŪB, Agrowill Mantviliškis ŽŪB, Agrowill Nausodė ŽŪB, Agrowill Smilgiai ŽŪB, and Agrowill Želsvelė ŽŪB had their restructuring cases finalised in courts of Lithuania.

AB AUGA Group has received Decision No. 241-38 of 15 February 2016 of the Supervision Service of the Bank of Lithuania as described in Note 31 above and filed an appeal to Lithuanian courts regarding it.

In 3 May 2016 Lithuanian Supreme Administrative Court took it's final decision to reject the Company's separate appeal for annulment of the Bank of Lithuania Surveillance Authority decision to apply provisional measures. However this decision is not yet fulfilled by the Company.

The appeal regarding the Decision of the Bank of Lithuania will be solved in court (the date of the first sitting is not appointed yet) and possible outcome of litigation is not clear as at the date of issue of these financial statements. It must be underlined that this is a precedent less situation in Lithuania and the Management can not guess the possible outcome and implications of court case. After the separate appeal annulment, the Company did not make any steps with regard to orders listed in the Decision.

The Company and Group agreed and adjusted the issues noted regarding the disclosure of accounting policy of crops sown and classification of borrowings.

Material events over January – November 2016:

The Company informs of all material events over the CNS system of NASDAQ OMX VILNIUS stock Exchange and on the ESPI information system which is operated by Polish FSA, as well as on Electronic Information Base which is operated by Warsaw Stock Exchange.

Announcem ent date	Announcement header
24.11.2016	Regarding the decision of the Supervision Service of the Bank of Lithuania
26.10.2016	New Articles of Association of AUGA group, AB registered on 26 October 2016
26.10.2016	Regarding the decision of the Supervision Service of the Bank of Lithuania
24.10.2016	Resolutions of extraordinary shareholders meeting of Agrowill Group, AB which took place on October 24, 2016
14.10.2016	Amended draft resolution of extraordinary shareholders meeting of Agrowill Group, AB which will take place on October 24, 2016
30.09.2016	AUGA: new organic food brand
30.09.2016	Draft resolutions of extraordinary shareholders meeting of Agrowill Group, AB which will take place on October 24, 2016
30.09.2016	AUGA: new organic food brand
30.09.2016	Notice on Convocation of the extraordinary General Meeting of Shareholders of Agrowill Group, AB on 24 October, 2016
23.09.2016	Agrowill Group, AB Notification on transaction concluded by manager of the company
22.09.2016	Expression of the will to sell the option shares of Agrowill Group, AB
22.09.2016	Agrowill Group, AB Notifications on transactions concluded by managers and persons closely associated with the managers of the
22.09.2016	company Notifications on the acquisition and disposal of voting rights
16.09.2016	Agrowill Group, AB Notification on transaction concluded by manager of the company
15.09.2016	Agrowill Group, AB Notification on transaction concluded by manager of the company
15.09.2016	Notifications on the acquisition and disposal of voting rights
12.09.2016	The main shareholder of AB Agrowill Group - K. Juščius is increasing and consolidating his shares
12.09.2016	Agreements on granting options in the future regarding shares in AB Agrowill Group have been signed
12.09.2016	Notifications on the acquisition and disposal of voting rights
12.09.2016	Agrowill Group, AB Notifications on transactions concluded by managers and persons closely associated with the managers of the company

(All amounts are in EUR thousand, unless otherwise stated)

31.08.2016	Interim information of Agrowill Group AB for the 6 months period ended 30 June 2016
10.08.2016	Annual information as of financial year 2015 of Agrowill Group, AB
10.08.2016	Decisions of extraordinary shareholders meeting of Agrowill Group, AB which took place on 10 August, 2016
19.07.2016	Notice on Convocation of the extraordinary General Meeting of Shareholders of Agrowill Group, AB on 10 August, 2016
19.07.2016	Draft decisions of extraordinary shareholders meeting of Agrowill Group, AB which will take place on 10 August, 2016
12.07.2016	Regarding suspension of trade of shares of Agrowill Group AB
31.05.2016	Interim information of Agrowill Group AB for the 3 months period ended 31 March 2016
20.05.2016	Resolutions of Agrowill Group, AB with regard election of Chairman of Supervisory Board, election of members of Management Board and Chairman of Management Board
19.05.2016	Agrowill Group aims to atract EUR 20 million investment into sustainable farming development within next two years
19.05.2016	Agrowill Group aims to atract EUR 20 million investment within next two years
19.05.2016	Decisions of repeat ordinary shareholders meeting of Agrowill Group, AB which took place on 19 May, 2016
18.05.2016	Draft decisions of repeat ordinary shareholders meeting of Agrowill Group, AB which will take place on 19 May, 2016
03.05.2016	Presentation of Agrowill Group, AB for the meeting with investors CEO Meets Investors, organised by NASDAQ OMX Vilnius
29.04.2016	The ordinary shareholders meeting "Agrowill Group" is considered not held due to not presented quorum. The repeat shareholders Meeting is convened.
15.04.2016	Draft decisions of ordinary shareholders meeting of Agrowill Group, AB which will take place on 29 April, 2016
07.04.2016	Notice on Convocation of the ordinary General Meeting of Shareholders of Agrowill Group, AB on 29 April, 2016
30.03.2016	Agrowill Group establishes Innovation and technological development unit
29.03.2016	Regarding the appeal against Decision of 15 February 2016 of the Supervision Service of the Bank of Lithuania
29.02.2016	Agrowill Group, AB Interim unaudited financial information for 12 months ended 31 December 2015

18.02.2016 Regarding the decision of the Supervision Service of the Bank of Lithuania and the position of the Company with regard to it

AI assistant

AUGA group — Interim / Quarterly Report 2016

2259_10-q_2016-11-30_6385bfc5-694b-4f1d-9ba5-25732eac0d14.pdf

AUGA GROUP AB

I. GENERAL PROVISIONS

Accounting period covered by the Report

Key data on the issuer

AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania

INTERIM REPORT

AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania

INTERIM REPORT

AUGA GROUP AB Konstitucijos av. 21C, Quadrum North, LT-08130, Vilnius, Lithuania

INTERIM REPORT

Information on where and when the Report and the documents, on which the Report is based, are publicly available and the name of the mass media means

II. INFORMATION ABOUT THE LARGEST SHAREHOLDERS AND ISSUERS MANAGEMENT

Share capital

Shareholders

The sales of the Issuer's securities on exchanges and other organized markets

Agreements with the mediators of securities public circulation

Procedure for amendments of the Articles of Association

Members of the managing bodies

III. FINANCIAL INFORMATION

Consolidated income statement

Consolidated balance sheet

Consolidated statement of changes in equity

Consolidated statement of cash flows

Comments to the Financial Information

General information

Basis of preparation

Critical accounting estimates and assumptions

Income taxes

Revenues

Cost of sales

Operating expenses

Other income

Financial expenses

Fixed assets

Share capital

Liabilities

Information on audit

IV. THE NEWEST AND ESSENTIAL EVENTS IN THE ACTIVITY OF THE ISSUER

The newest events in the activity of the Issuer

Material events over January – November 2016:

More from AUGA group

AUGA group Interim / Quarterly Report 2016