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Pre-AGM Update

Finanznachrichten News
ESV GROUP PLC                                 

                            ("ESV" or "The Group")                             

                                Pre-AGM Update                                 

In advance of the Annual General Meeting of the Company on Tuesday 5 October
2010, the Directors would advise shareholders that there are two developments
which they intend to implement if all the resolutions proposed at the meeting
are passed.

ESV is well placed to participate in the resurgent agricultural sector via its
interests in the Ukraine. The famous black soil of Ukraine, the focus of the
Company's operations, is one of the world's richest. Long leases at currently
advantageous costs are available and ESV has a prospective farming agreement
for land in the country's agricultural heartland. The introduction of Western
machinery, crop rotation systems and improved harvesting methods are providing
substantially raised production possibilities and ESV's port logistics
operations provide seamless export infrastructure.

The world is currently undergoing food shortages which are forecast to continue
in the years ahead. The OECD-FAO Agricultural Outlook 2010-2019 report
estimates a steady rise of 1.1% per annum in global population numbers and that
this will require a 70% increase in world food production by 2050. Production
growth is estimated to be "well above 20% in China, India, the Russian
Federation and Ukraine".

With an increasing proportion of land devoted to biofuel crops and the trend
towards higher animal-protein diets in emerging countries, pressure is building
on limited land acreage.

The report foresees average wheat and coarse grain prices over the next 10
years between 15-40 percent higher in real terms (adjusted for inflation) than
their average levels during the 1997-2006 period.

There is therefore a significant opportunity for ESV to utilise its knowledge,
experience and contacts in the Ukraine to expand its interests.

Secondly, ESV has agreed a Memorandum of Understanding with a Sichuan, China
based developer of a silica-based organic fertiliser applicable to soils in
desert and near-desert areas. The fertiliser produced uses layered porous
silicate, a nanometre interlayer and high polymerising technology. It can
change and improve the structure of desert land and create conditions for a
positive cycle of water, fertiliser and vegetation growth. The material has
been used successfully in China for the last 10 years.

Bringing desert areas into agricultural production is a key objective of many
emerging countries and of the product. ESV will have a majority share in a
dedicated Joint Venture (JV) that intends to conduct trials in Tunisia,
Algeria, Jordan, Morocco, UAE, Saudi Arabia, Iran and Israel with a view to
marketing the product and making the desert bloom.

Following the adoption of the resolutions at the AGM the Company would look to
raise funds to allow it to gain first-mover advantage in this newly emergent
market and also for the development of the opportunities available in the
Ukraine.

The Board therefore urges shareholders to vote in favour of the resolutions to
be proposed at the AGM. This will enable ESV to move forward and grow the
business.

24 September 2010



END

ESV GROUP PLC

© 2010 PR Newswire
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