Per Brilioth, Chairman of the Board
Mr. Brilioth is a Swedish citizen, born in Stockholm in 1969. Mr. Brilioth is managing director and member of the board of Vostok Nafta since the beginning of 2001. Mr. Brilioth holds a BA in Business Administration from the University of Stockholm, and a Master of Finance from the London Business School. Between 1994 and 2000, Per Brilioth was employed by the Stockholm-based brokerage house Hagströmer & Qviberg. As head of its Emerging Markets department, he worked close to the Russian stock market for a number of years.

Richard Warburton , CEO
Mr. Warburton is a British citizen. Mr. Warburton holds a Bachelor of Science degree in Agriculture from the University of Newcastle as well as an MBA from Open University. Mr. Warburton has worked in various positions within Bidwells Agribusiness, a leading international provider of consultancy and management services to the farming, food, bio-energy and agri-investment sectors, from 1999 until 2010. Mr. Warburton is also Managing Director of Kinnevik Agri AB (a subsidiary of Investment AB Kinnevik managing its agriculture investments) but devotes the majority of his time to Black Earth Farming.

Sture Gustavsson, Executive Director and Chief Agronomist
Mr. Gustavsson is a Swedish citizen, born in Tidaholm in 1959. Mr. Gustavsson is managing director of MSLA since 1996. MSLA is a wholly-owned subsidiary of Investment AB Kinnevik, and owns and runs farms in Poland. Mr. Gustavsson obtained a degree from the Swedish University of Agricultural Sciences in 1989.

Henrik Persson, Non-executive Director
Mr. Persson is a Swedish citizen, born in Karlskrona in 1974. Mr. Persson has been employed in various positions within Investment AB Kinnevik since 2003. Mr. Persson holds a BA in Business Administration from the University of Lund, with additional courses taken at the Georgetown University in Washington D.C and London School of Economics. Between 1999 and 2003, Henrik Persson was employed by HSBC Investment Bank, mainly with a focus on the telecom and media industries.

Alex Gersh, Non-executive Director
Mr. Gersh is an American citizen, born in St Petersburg in 1964. Mr. Gersh is the CFO of the NDS Group plc (a British company listed on NASDAQ), which is a leading global supplier of open end-to-end digital pay TV solutions. Mr. Gersh has since 2003 also been the Chairman of the Audit Committee in VimpelCom Inc, a leading provider of telecommunications services in Russia. Mr. Gersh has formerly been the CFO of Flag Telecom, Motorola NGM, NextiraOne LLC and Transora. He has also worked as public accountant at Ernst & Young, as controller at Metro Mobile Communications and as Finance Director in a number of companies, including British Telecommunication Europe, BT Cellnet and Motorola NGM. Mr. Gersh holds a Bachelor’s degree in Business Administration from Baruch College (City University of New York) with honours and is a member of the Institute of Certified Public Accountants (CPA).

Poul Schroeder , Non-executive Director
Mr. Schroeder is a Danish citizen. Mr. Schroeder is a graduate in economics from Aarhus Business School and has completed the International Senior Management Program at Columbia University. Mr. Schroeder is an independent consultant and has been active in the international agricultural industry since 1966, among others, within the Continental Grain Company and Bunge. Mr. Schroeder was up until April 2009 member of the Board of Sodrugestvo Group and is now Chairman of the Risk Committee of Sodrugestvo Group. Mr. Schroeder is Chairman of the Board of AlphaCapita and Dan Store.

Magnus Unger , Non-executive Director
Mr. Unger is a Swedish citizen. Mr. Unger holds a Master of Science in Economics and Business from the Stockholm School of Economics. Mr. Unger is a businessman with many years of industrial experience, with among others SCA / Mölnlycke and Atlas Copco. Mr. Unger is a member of the Board of Lundin Petroleum AB and Bukowski Auctions AB.