DECA

Termination of Memorandum of Understanding

RNS Number : 4247Z
Agriterra Ltd
22 September 2009
 



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.


** ENDS **


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



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