APF Holdings
Announcement from First North

Alūksnes Poultry Farm to Invest 4 Million Euros in New Equipment

SIA Alūksnes putnu ferma, a company of the AS APF Holdings (hereinafter - APF) group, has signed a contract with agricultural equipment manufacturer Big Dutchman and will invest 4 million euros to equip two new laying hen houses with modern and automated poultry keeping equipment. Originally founded in the USA, Big Dutchman is now a German company with nearly 100 years of experience in manufacturing agricultural equipment, specializing in poultry and pig farming.

The new equipment will be installed alongside the construction of two new laying hen houses, for which a contract was recently signed with the construction company SIA Aimasa on 22^nd May. Big Dutchman will supply APF with aviary systems, manure collection equipment, an automatic egg counting solution, and automatic climate control technology for the welfare of the laying hens. Additionally, APF will be the first in the Baltics to equip its laying hen houses with an exhaust emission reduction solution, significantly reducing the impact on the surrounding environment.

“The contract with Big Dutchman is part of our development plan, which we presented during last year's APF Holdings initial public offering. We have chosen, in our opinion, the world's best and most modern egg production equipment supplier, which will allow APF to continue building a fully sustainable production facility. Modern production equipment, of course, also means efficiency, which reduces costs and improves our production process – this, in turn, will bring significant benefits to both our shareholders and all who favor APF-produced eggs and egg products,” says Jurijs Adamovičs, Chairman of the Board of AS APF Holdings.

About APF Holdings:

APF Holdings (NASDAQ: EGG) is a dynamic group of companies engaged in poultry farming, chicken egg production and trading, as well as gas and organic fertilizer production related to poultry farming processes. Our portfolio includes SIA Alūksnes putnu ferma (poultry farming and egg production), SIA APF Trading (wholesale trade in chicken eggs), SIA Oluksne (providing poultry farming and egg production services), SIA APF Energy (gas and organic fertilizer production), and SIA Preiļu putni (poultry farming and young chicken rearing). Founded in 2017, APF Holdings has become a leading player in the Baltic region's poultry and egg industry.

         For further information, please contact:
         Jana Garanča
         Marketing and Digital Projects Manager
         APF Holdings
         M: +371 26408922
         E: jana.garanca@apfholdings.lv
         
         Certified Adviser:
         Signet Bank AS
         Contact Person: Kristiāna Janvare
         T: +371 67 081 128
         E: Kristiana.Janvare@signetbank.com