Last checked at 22 Sep 2009 07:00
Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector: Agriculture
22 September 2009
Agriterra Ltd ('Agriterra' or 'the Company')
Termination of Memorandum of Understanding
Agriterra Ltd, the AIM listed company focussed on the agricultural sector in central and southern Africa, announces that it no longer intends to pursue the proposed acquisition of Equatorial Biofuels (Guernsey) Limited, from Equatorial Palm Oil Plc, which was the subject of a memorandum of understanding announced by the Company on 18 August 2009. Following further evaluation, the Company believes that the project was not synergistic with its existing operations in Mozambique and was outside its current expertise within the agricultural sector.
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For further information please visit www.agriterra-ltd.com or contact:
| Andrew Groves | Agriterra Ltd | Tel: +44 (0) 845 108 6060 |
| Jonathan Wright | Seymour Pierce Ltd | Tel: +44 (0) 20 7107 8000 |
| Hugo de Salis | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
| Susie Callear | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |