FirstFarms A/S has signed final agreement (SPA) of 77 hectares. The agreement is based on conditional agreement of totally 1,675 hectares of land in West Romania (company announcement no. 15 of 9 June 2020). There has previously been sold 856 hectares of land (company announcement no. 28 of 12 October 2020 and company announcement no. 31 of 15 December 2020), and thus a total of 933 hectares have been sold. The total sales price is expected to constitute DKK 85 million. The remaining part is expected to be carried out in tranches over the coming 9 months. The tranche completed constitutes DKK 2 million. The profit of the total sale is expected to affect EBIT with DKK 40 million. Half of the sale is carried out in 2020. The remaining sale in 2021 is expected to affect EBIT with DKK 20 million. With the total sale, FirstFarms' cash resource is strengthened by DKK 85 million. The land is purchased in 2007-2008 and has been operated by FirstFarms the last 5 years. The turnover in West Romania constitutes 5% of FirstFarms' total turnover. Focus has been on development of the land portfolio, and the operating results have not been satisfactory. As a significant part of FirstFarms' business model, the land portfolio has been increased in value in the form of extensive trenching, land swap and improvement of the land structure.