Acquisition

Anglo-Eastern Plantations PLC
24 March 2005



                         ANGLO-EASTERN PLANTATIONS PLC

                         ACQUISITION OF RIGHTS TO LAND

Anglo-Eastern Plantations, which owns approximately 31,000 hectares (ha) of
plantations, primarily of oil palm in Indonesia, has completed the acquisition
of rights over 4,800 hectares of vacant land, known as Labuhan Bilik, in the
province of North Sumatra, Indonesia, near to the east coast, about 130km north
of its existing main Tasik Estate.

These land rights are owned by PT Hijau Pryan Perdana (HPP), 80% of which has
been acquired by Anglo-Eastern for a consideration of $320,000. The balance of
20% has been acquired for a pro rata consideration by one of Anglo-Eastern's
long standing local Indonesian partners who will fund his share of further
development alongside Anglo-Eastern. Conversion of the land rights into a
confirmed land title will take between one and two years and requires
development to have commenced in the interim.

Development of this area into an oil palm estate is likely to begin in 2006,
funded initially from the group's own resources. Production is expected to
commence in 2009/10.

This acquisition will have no effect on group profits for 2005.

Following completion in 2006 of the planting of Anglo-Eastern's 17,000ha
development in the province of Bengkulu in southern Sumatra, which was started
in 1997 and is now maturing, HPP will form the base for the next phase of
Anglo-Eastern's expansion.

Following grant of the HPP land title, Anglo-Eastern's total land area will be
45,000ha, of which 31,000ha are at present planted.

Note for editors:

Oil palms begin producing fruit about 3 years after planting, reach maximum
production after about 10 years and have an economic life of about 25-30 years.

Enquiries:

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

Bankside Consultants Limited
Charles Ponsonby                                  020-7444 4166 / 07789-202 312




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