Further re selling prices

R.E.A. Holdings plc (RE.) R.E.A. Holdings plc: Further re selling prices 29-March-2022 / 07:00 GMT/BST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. R.E.A. Holdings plc ("REA" or the "company") Further re selling prices Further to the company's announcement in June 2021 regarding selling prices for crude palm oil ("CPO") and crude palm kernel oil ("CPKO"), the Indonesian government has published a change to the export levy structure with effect from 17 March 2022.  There has been no change to the export duty structure. REA sells CPO into the local Indonesian market which is not subject to export levy or export duty. However, arbitrage between the Indonesian and international CPO markets normally results in a local price that is broadly in line with prevailing international prices after adjustment of the latter for delivery costs and export tariffs and restrictions.  Changes to export tariffs and restrictions therefore have an indirect effect on the prices that REA achieves on sales of its CPO Export tariffs comprise export duty and export levy. Both are calculated on a sliding scale by reference to a CPO reference price that is set periodically by the Indonesian government on the basis of CIF Rotterdam and other recognised benchmark CPO prices. The export tariffs applicable from 17 March 2022 are set out below. These extend the scale previously in operation which was capped at $1,050 per tonne (so that there was no increase in levy or duty at CPO reference prices above that level).  The new scale is capped at $1,550 per tonne. The CPO reference price is expected to be $1,786 per tonne from April 2022 which, being above $1,500 per tonne, will result in total export tariffs of $575 per tonne. This represents an increase of $200 per tonne from the total export tariffs that were payable under the previous rules. The impact of this increase will be mitigated by the removal of domestic market obligations that were designed to procure the sale, in the domestic market at a capped price, of cooking oil with a CPO content equivalent to 20 per cent (subsequently increased to 30 per cent) of the volume of Indonesian CPO exports. The export levy is payable to a dedicated fund that is used to subsidise the manufacture of biodiesel from CPO, smallholder replanting and, more recently, the sale of Indonesian cooking oil.  Export duty is a duty levied by the Indonesian government. Combined export levy and export duty applicable from 17 March 2022 CPO reference price From To Levy Duty Total Net price* $ $ $ $ $ $ - 750 55 - 55 695 751 800 75 3 78 722 801 850 95 18 113 737 851 900 115 33 148 752 901 950 135 52 187 763 951 1,000 155 74 229 771 1,001 1,050 175 93 268 782 1,051 1,100 195 116 311 789 1,101 1,150 215 144 359 791 1,151 1,200 235 166 401 799 1,201 1,250 255 183 438 812 1,251 1,300 275 200 475 825 1,301 1,350 295 200 495 855 1,351 1,400 315 200 515 885 1,401 1,450 335 200 535 915 1,451 1,500 355 200 555 945 1,501 1,550 375 200 575 975 *At top of band Enquiries: R.E.A Holdings plc Tel: [phone]

ISIN:	GB0002349065
Category Code:	MSCM
TIDM:	RE.
LEI Code:	213800YXL94R94RYG150
Sequence No.:	152023
EQS News ID:	1313803

End of Announcement	EQS News Service