Acquisition/Trading Update

Anglo-Eastern Plantations PLC
04 February 2008


4 February 2008

                         ANGLO-EASTERN PLANTATIONS PLC

                  Further acquisition and 2007 trading update

Acquisition
Anglo-Eastern has recently acquired, for $0.6m, a further 2,000ha of land
contiguous to its new oil palm development at Labuhan Bilik in North Sumatra,
bringing the plantable area of this promising site, which was acquired in late
2004, to over 6,000ha. Planting of the existing estate, which has reached
2,500ha, is proceeding satisfactorily and should be complete by the end of 2009.

This acquisition brings the group's total land area to approximately 100,000ha
and brings total land acquisitions in the last two months to some 50,000ha,
enabling significant expansion over the next five to eight years.

Production
                                                           2007           2006
                                                    (unaudited)      (audited)
                                                             mt             mt
Oil palm production
FFB
- all estates                                           528,000        513,902
- bought-in or processed for third parties              333,000        294,647
Saleable CPO                                            171,000        156,285
Saleable palm kernels                                    41,000         36,569

Other crops production
Rubber                                                    1,050          1,088
Cocoa                                                         -             46

Fresh Fruit Bunch (FFB) production for 2007 improved, to be 2% ahead of 2006 on
a like-for-like basis, having been 2% behind for the six months to June 2007.
Total FFB production of 528,000mt included 3,800mt from Cahaya Pelita Andhika,
the 4,400ha partly planted, but badly maintained, estate, acquired in June 2007.

Bought in FFB crop for 2007 included 55,000mt by the new mill at Bina Pitri
Jaya, which was commissioned in March 2007. On a like-for-like basis, total
bought in crop was therefore 6% down on 2006. This reflected very competitive
conditions at Tasik mill, where the decrease was 17%. Bought in crop at the
smaller Blankahan mill increased by 17%. Bought in crop produces a lower profit
margin than estate crop.

Prices
The average CPO price/mt during 2007 was about $790, 64% higher than the average
of $479 for 2006. The price was $963 at the end of 2007 and is now about $1,040.

Profit
The profit for 2007 will therefore show a very significant improvement over that
for 2006. The preliminary results for 2007 will be announced in the first week
of April.

Enquiries:

Anglo-Eastern Plantations plc                                    020-7236 2838
Rollo Barnes (Financial Director)

Bankside Consultants Limited
Charles Ponsonby                                                 020-7367 8851




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