Status of the crops here in early June is that about half of oilseed rape fields in Videle, i.e. about 200 HA is pretty much influenced by the heavy rainfall in March, which will give reductions in yields here. Similarly, we can now seethat the wheat in Videle is somewhat thinner than in the other two farms, but still a nice clean and disease-free crop.

For other crops, the overall picture are very positive, which applies to both winter crops and spring crops. As shown on pictures below, winter crops seems pretty good at this advanced stage – since we are approaching the harveststart – like the overall picture for the spring-sown crops is, that the germination and growth is satisfactory.

We are beginning to run short of water – especially for spring crops – but there have until now not been visibledrought damages

Wheat in Videle on 3th June 2015:

Rape in Videle on 3th June 2015, the rape is quite good, where not damaged by water:

Maize in Videle on 2th June 2015:

Maize in Oravita the 29th May 2015

Maize in Oravita on 4th June 2015 (same field as above)

Maize field – 119 HA in Oravita on 4^th June 2015:

Winter Barley field in Oravita on 4th June – 1. year where the field is in culture:

Sunflower in Oravita the 28^th May 2015 – the field is sown as “Low Till”,
which means with limited conditioners.

The same Sunflower field in Oravita on 4^th June 2015:

Soya field in Oravita on 4th June:

26/5: Wheat field with C1 seed in Mizil, 100 HA with seed for breeding are doing well:

Maize field in Mizil the 11^th May 2015:

The same maize field in Mizil the 2th June 2015:

Soya field in Mizil on 2th June – need water now:

The 8th June 2015

Yours sincerely

Richardt Duus, CEO