Disposal

M.P. EVANS GROUP PLC (Producer of Indonesian palm oil and Australian beef cattle) Sale of Malaysian estate Further to the announcement on 27 August 2007 that contracts had been exchanged with regard to the sale of Sungei Kruit Estate (829 hectares) for a total price of RM 72.28 million (approximately US$ 22.00 million), the board is pleased to announce that the conditions in the agreement have now been satisfied and completion is expected to take place at the latest by mid-October 2008. Significant progress has been made to date in the board's strategy of disposing of the Group's Malaysian plantation and property interests in order to provide the funding, together with bank borrowings, for its continuing expansion within the Indonesian oil-palm and Australian beef-cattle sectors. Of the estimated total value of over US$ 135 million ascribed to the Group's Malaysian assets, US$ 59 million has already been received in cash and, as referred to above, US$ 22 million is expected to be received by mid-October 2008. For further information, you are invited to contact any of the following:- M.P. Evans Group PLC Tel: 01892 516333 Peter Hadsley-Chaplin - Joint Managing Director Philip Fletcher - Joint Managing and Finance Director Panmure Gordon (UK) Limited Tel: 020 7614 8384 Edward Farmer Hudson Sandler Tel: 020 7796 4133 Hugo Jenkins 4 August 2008
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