Alpcot Russian Land Fund AB is a Swedish limited liability company incorporated in 2006. The fund’s objective is to generate an attractive total return on invested capital by acquiring and farming agricultural land in Russia and potentially in other CIS member states. The team has so far gained control of more than 81,000 hectares and plans to continue to acquire farmland as long as land prices are attractive. The company expects to control more than 200,000 hectares and harvest more than 50,000 hectares in 2008. Alpcot Russian Land Fund plans to list its shares before the end of 2008.