AGM Statement

Anglo-Eastern Plantations PLC
01 June 2007


Friday 1 June 2007

                         ANGLO-EASTERN PLANTATIONS PLC

                     AGM STATEMENT AND PROXY VOTES RECEIVED

          'major improvement expected in 2007 on 2006's record result'

AGM Chairman's Statement

At the Annual General Meeting in London this morning of Anglo-Eastern, which
operates approximately 35,000 hectares (ha) of developed plantations, primarily
oil palm in Indonesia, Mr Peter O'Connor, senior independent non-executive
director, who will act as chairman, will comment on current trading as follows:

'As mentioned in the chairman's statement in the annual report for 2006, crops
so far this year are rather disappointing but, more importantly as far as
profits are concerned, crude palm oil (CPO) prices are very strong.

Total group production of fresh fruit bunches (FFB) to 30 May is about 1.5%
below the same period in 2006 and 8% below expectations. This masks improved FFB
crops from our North Sumatra estates, which are 5% ahead of last year and 6%
ahead of expectations. But production from our Bengkulu and Malaysian properties
is correspondingly disappointing. Both regions are suffering from the prolonged
drought in the second half of 2006: other, third-party, estates are equally
affected.

However, the position is more than offset by high CPO prices which have improved
steadily from $570/mt at the end of 2006 to $800/mt today. In March, having
regard to the favourable price and to secure our cash position to support our
acquisitions policy, we sold forward about one third of the group's CPO
production through to December 2007 at an average price of $604/mt. This alone
will secure the group profit for 2007 at the same level as 2006. The profit for
the four months to April is already well ahead of the same period in 2006.
Indications are that our crops will pick up in the second half of 2007, so, if
CPO prices hold and, barring any significant adverse factors, we expect a major
improvement in results for 2007.

I should warn that the Indonesian government is concerned at the effect of the
current CPO price on domestic cooking oil prices. It is possible that the
current 3% export tax will be raised with an equivalent negative effect on our
ex factory prices. Or, alternatively, the industry in Indonesia will be required
to subsidise a portion of domestic cooking oil production.

It is now our aim to plant 1,100ha at Bengkulu by the middle of next year, which
will complete this 15,850ha project. At Labuhan Bilik we have planted 1,100ha
this year bringing the total to 1,450ha. We have recently received government
approval for the next stage and continue to expect to complete planting this
4,000ha estate by the end of 2008.

Many shareholders will be aware of our announcement on 11 May 2007 of our
commitment to purchase the Cahaya Pelita Andhika estate of 4,500ha in North
Sumatra, of which 2,800ha are planted with 11 year old, but very neglected, oil
palms. The balance area will be planted during 2008. The consideration is $6.4
million. While we have satisfied ourselves on the validity of the land title and
the planted areas, there are still some investigations to complete, which we
hope will be done shortly. We are continuing our search for both planted and
unplanted land. Total planted area immediately following the acquisition will be
37,800ha and total land area will be 49,300ha.'

Proxy Votes Received

The results of proxy card votes received on resolutions to be put to the meeting
are:

Number of valid proxy cards:       105

Issued share capital:              39,958,272

Total voting rights:               39,490,272

Number of votes per share:         1

Resolution (no.    Shares               Shares       Shares      Shares Marked
    as noted on       For        Discretionary      Against           As Votes
  proxy card)                                                         Withheld
                                                                  /Abstentions

            1   4,105,087           20,553,263      378,904                  -
            2   4,483,654           20,553,263          337                  -
            3   4,364,119           20,553,263        4,337            115,535
        4 (a)   3,766,549           20,553,266      397,658            319,781
        4 (b)   3,937,725           20,553,266      227,017            319,246
        4 (c)   4,087,363           20,553,266       77,379            319,246
        4 (d)   4,105,038           20,553,266          383            378,567
            5   4,483,150           20,553,767          337                  -
            6   4,457,435           20,553,767       14,417             11,635
            7   4,483,059           20,553,812          341                 42
            8   4,320,874           20,553,767       85,599             77,014



Enquiries:

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

Bankside Consultants Limited
Charles Ponsonby                               020-7367 8851 / 07789-202 312





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