Final Results - Year Ended 31 December 1999

Singapore Para Rubber Estates PLC
14 March 2000



Owner and operator of an oil palm and rubber plantation in Malaysia

HIGHLIGHTS FROM THE CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31
DECEMBER 1999

*      profit before taxation £504,420 (1998 £651,758)

*      dividend 3.25p per share (1998 - 3.60p)

*      substantial decline from 1998's record palm oil prices following
       increased world production and stock build

*      38% increase in Perhentian Tinggi Estate's oil palm f.f.b. crop

*      since period end palm oil market trading at lowest end of 1998
       price range

*      slight improvement evident in Malaysian economy; board continues
       to believe in the longer-term development potential of Perhentian
       Tinggi Estate

*      corporate review to be undertaken which may lead to proposals for the
       Company's amalgamation with Beradin Holdings PLC, Bertam Holdings
       PLC and Padang Senang Holdings PLC


PRELIMINARY RESULTS (UNAUDITED)
The  board  announce the following unaudited results and dividend  for
the year ended 31 December 1999.
                                                 1999           1998
                                                    £              £

Turnover                                      667,539        755,070
Cost of sales                                (432,798)      (365,355)
                                              -------        -------
Estate profit                                 234,741        389,715
Income from fixed-asset
 investments and other income                 338,484        325,174
Administrative expenses                      (108,222)      (118,061)
                                              -------        -------
Operating profit                              465,003        596,828
Interest receivable                            39,417         54,930
                                              -------        -------
Profit on ordinary activities
 before taxation                              504,420        651,758
Tax on profit on ordinary
 activities (note 2)                          (68,790)      (152,000)
                                              -------        -------
Profit on ordinary activities
 after taxation                               435,630        499,758
Equity dividend proposed (note 1)            (339,279)      (375,817)
                                              -------        -------
Profit retained                               £96,351       £123,941
                                             ========       ========

Earnings per share - pence (note 3)              4.17           4.79
                                             ========       ========


Exchange rate £1 = Malaysian Ringgits
Average rate                                     6.14           6.50
Period-end rate                                  6.14           6.30
                                             ========       ========

All operations are classed as continuing


STATUTORY INFORMATION

The 1999 profit and loss account is an abridged version of the Group's
full financial statements which have not been filed with the Registrar
of  Companies and which have not yet been reported on by  the  Group's
auditors.  The 1998 figures are an extract from the Group's  statutory
accounts  for  the year ended 31 December 1998 which have  been  filed
with  the  Registrar  of Companies. The auditors' report  thereon  was
unqualified and did not contain a statement under section 237  (2)  or
(3) of the Companies Act 1985


STATEMENT OF RECOGNISED GAINS AND LOSSES
                                                 1999            1998
                                                    £               £
Profit attributable to members of
 the Company                                  435,630         499,758
Exchange differences on
 foreign-currency net investments             115,966          23,179
Revaluation of estate land                          -       1,757,386
                                            ---------       ---------
                                             £551,596      £2,280,323
                                            =========       =========


NOTES

1)   EQUITY DIVIDEND PROPOSED

The board recommends a dividend of 3.25p per 5p share (1998 - 3.60p)

                                                 1999            1998
Amount per 5p share                              3.25p           3.60p
Cost                                         £339,279        £375,817
Payable on or after                          14-04-00        21-04-99
Record date                                  24-03-00        19-03-99
Ex-dividend date                             20-03-00        15-03-99


2)   TAX ON PROFIT ON ORDINARY ACTIVITIES
                                                 1999            1998
                                                    £               £
United Kingdom corporation tax
 at 30.25% (1998 - 31%)   based
 on the profit for the year                    56,184          97,800
Double taxation relief                              -         (88,400)
                                              -------         -------
                                               56,184           9,400
Malaysian taxation                                  -          94,100
Tax credits on United Kingdom
 dividends received                            28,088          58,800
Advance corporation tax                       (13,302)        (11,100)
                                             --------        --------
                                               70,970         151,200
Adjustments in respect of prior years:
United Kingdom corporation tax                 (2,646)         (4,100)
Malaysian taxation                                466           4,900
                                             --------        --------
                                              £68,790        £152,000
                                             ========        ========

No charge to Malaysian taxation arises on the branch trading profit in
1999 owing to a change from a 'preceding-year' basis of assessment  to
a 'current-year' basis.


3)   EARNINGS PER SHARE

The  calculation of earnings per share is based on profits of £435,630
(1998  £499,758)  and  on  10,439,352  shares  of  5p  each  in  issue
throughout the year (1998 -10,439,352).


3) MILLENNIUM COMPLIANCE

The  Company  did  not encounter any problems with its  date-sensitive
equipment and computer systems at the beginning of the new millennium.


4) TIMETABLE

The  report and financial statements will be despatched to members  on
Friday  17 March 2000 and the annual general meeting will be  held  on
Friday 14 April 2000


5) ANNUAL REPORT

Copies  of the annual report for the year ended 31 December 1999  will
be  available  from  M.P.Evans (UK) Limited,  3  Clanricarde  Gardens,
Tunbridge Wells, Kent TN1 1HQ on and after 17 March 2000.



By order of the board
M.P.Evans (UK) Limited
Secretaries
14 March 2000

Enquiries:  Mr P E Hadsley-Chaplin
            Telephone: [phone]
            Fax:       [phone]
            E-Mail     [e-mail]