2000 Interim Results

Singapore Para Rubber Estates PLC
13 September 2000


Interim unaudited statement for the half year ended 30 June 2000


                              6 months       6 months           Year
                                 ended          ended          ended
                               30 June        30 June    31 December
                                  2000           1999           1999
                                     £              £              £

Turnover                       263,173        362,159        667,539
Cost of sales                 (207,662)      (209,905)      (432,798)
                               -------        -------        -------
Estate profit                   55,511        152,254        234,741
Income from fixed-asset
investments and other income    63,248         61,238        338,484
Administrative expenses        (65,071)       (58,770)      (108,222)
                               -------        -------        -------
Operating profit                53,688        154,722        465,003
Interest receivable             10,588         21,430         39,417
                               -------        -------        -------
Profit on ordinary
activities before taxation      64,276        176,152        504,420
Tax on profit on
ordinary activities            (11,500)       (35,000)       (68,790)
                               -------        -------        -------
Profit on ordinary
activities after taxation       52,776        141,152        435,630
Equity dividend proposed             -              -       (339,279)
                               -------        -------        -------
Profit retained                £52,776       £141,152        £96,351
                               -------        -------        -------

Earnings per 5p
share - pence                     0.51           1.35           4.17
                               -------        -------        -------


Exchange rate £1 =
Malaysian Ringgits
Average rate                      5.96           6.12           6.14
Period-end rate                   5.76           5.96           6.14
                               -------        -------        -------

All operations are classed as continuing


Chairman's statement

A  profit before tax of £64,276 was recorded for the first half of  2000,
compared  with  £176,152 for the same period last year.  Whilst  the  oil
palm f.f.b. crop was similar to last year, there was a decline of 30%  in
the average sale price which chiefly accounts for the lower result.

Crops and sales details are set out in the table below:-


                              6 months       6 months           Year
                                 ended          ended          ended
                               30 June        30 June    31 December
                                  2000           1999           1999
Crop - tonnes
Oil palm fresh fruit
bunches ('f.f.b.')               7,087          7,018         14,568
Rubber                              44             43            108

Average selling prices
Oil palm f.f.b. - RM per tonne     206            294            261
Malaysian spot palm oil -
RM per tonne                     1,030          1,709          1,184
Rubber - RM per kg                2.40           2.15           2.20


The f.f.b. crop was pleasingly in line with the same period last year and
with  the budget, and compared favourably with much of the Malaysian  oil
palm  sector as a whole which experienced a crop downturn.  It  is  hoped
that  the  original estimate for the full year of 14,300 tonnes  will  be
achieved.  The Malaysian palm oil market fluctuated in a range of between
approximately  RM950 and RM1,200 per tonne during the period  but  prices
are  currently  trading at the lower end of that range.  The  market  has
been affected by lower-than-usual demand from both China and India.   The
relatively  high  stock levels in Malaysia are, however, being  gradually
eroded  which  may  help to provide the market with some  support.   With
regard  to  the  estate's  small  area of  rubber,  the  market  slightly
recovered but remains lacklustre.

Interest receivable was lower as a result partly of lower interest  rates
available  in  Malaysia and partly of the purchase of  shares  in  Bertam
Holdings  PLC and Sungkai Holdings Limited, as announced on  28  February
2000.  The dividends from these investments, and, indeed, dividends  from
the majority of the Group's other investments, are received in the second
half of the year.

Amalgamation plans

The  review  of  the  Group's  corporate structure  with  a  view  to  an
amalgamation  with Bertam Holdings PLC, Beradin Holdings PLC  and  Padang
Senang  Holdings  PLC  is under way, with Strand Partners  Limited  being
appointed as financial advisers to the Company.  Whilst this is likely to
take  a  little time to complete, the board continues to believe  in  the
merits of the transaction, providing appropriate terms are agreed.


NOTES

1) Statutory information

The  financial information for the six-month periods ended 30  June  2000
and  1999  has been neither audited nor reviewed by the Group's  auditors
and does not constitute accounts within the meaning of section 240 of the
Companies  Act  1985. The financial information for  the  year  ended  31
December  1999  is abridged from the statutory accounts which  have  been
reported  on by the Group's auditors, Macnair Mason, and which have  been
filed with the Registrar of Companies. The report of the auditors thereon
was  unqualified and did not contain a statement under section 237(2)  or
(3) of the Companies Act 1985.


2) Accounting policies

These  interim  accounts have been prepared on the  basis  of  accounting
policies  as  set out in the annual financial statements at  31  December
1999.


3) Distribution

The  Company  will  be  circulating its interim  report  to  shareholders
forthwith  and  copies  may be obtained from M.P.Evans  (UK)  Limited,  3
Clanricarde Gardens, Tunbridge Wells, Kent TN1 1HQ.


By order of the board
M.P.Evans (UK) Limited
Secretaries
13 September 2000


Enquiries:  Mr P A Fletcher
            Telephone: [phone]
            Fax:       [phone]