Disposal

13 July 2007 M.P. Evans Group PLC ("MP Evans") Sale of Malaysian estate MP Evans, a producer of Indonesian palm oil and Australian beef cattle, is pleased to announce that the divestment from Malaysia is continuing successfully. Following the agreement in 2006 to sell 181 hectares of the Perhentian Tinggi estate (located South of Kuala Lumpur), raising RM 17.9m (£2.6 million), the Board is delighted to announce that contracts have been exchanged with regard to the sale of the remaining 745 hectares for a total price of RM 66.30 million (£9.47 million). The sale is conditional, inter alia, upon the approvals of the Foreign Investment Committee and Estate Land Board of Malaysia, which are expected to be obtained within approximately nine months, whereupon settlement will be due within a further three months. The price achieved is regarded by the board as satisfactory in the light of the fact that, as referred to in the 2006 annual report, a substantial municipal landfill site is likely to be constructed on the estate by the local government authorities which, as a consequence, has had a modest downward impact on the development value of the estate as a whole. Peter Hadsley-Chaplin, Joint Managing Director, commented: "This sale represents another significant step forward in the implementation of the Group's strategy of capitalising on the high real-estate value that has accrued to its Malaysian estates and of using the proceeds to fund its substantial programme of expansion of both its palm-oil interests in Indonesia and its beef-cattle interests in Australia." Enquiries: M.P. Evans Group PLC Peter Hadsley-Chaplin, joint managing director Telephone: 01892 516333 Philip Fletcher, joint managing director Hudson Sandler Andrew Hayes Telephone: 020 7796 4133 James White
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