SENNAH ESTATE

ROWE EVANS INVESTMENTS PLC

OIL PALM AND RUBBER PLANTATIONS IN INDONESIA



RE SENNAH ESTATE LAWSUIT

As  referred to in note 25 of the 2003 annual report, on 9 December  2003  DR  H
Rahmat  Shah, the 20% shareholder of PT Sembada Sennah Maju, the owner of Sennah
Estate,  filed  a  lawsuit against its 80% shareholder, PT Pangkatan  Indonesia,
which  is  80%  owned by Rowe Evans Investments PLC. Sennah Estate  consists  of
1,813  hectares  and forms part of the Group's own plantation  areas  of  10,014
hectares  and  29,044  hectares  owned by associated  companies.   This  lawsuit
demands  that the sale and purchase agreement dated 19 March 2002, by  which  PT
Pangkatan  Indonesia  acquired its 80% holding in PT  Sembada  Sennah  Maju,  is
cancelled.  The case was heard in the Medan District Court on 12 May  2004  and,
to  the  board's disappointment, the judge found in favour of DR H  Rahmat  Shah
ordering  that the shares are handed back to him and that he repays the purchase
consideration  of some US$3.61 million to PT Pangkatan Indonesia  within  twelve
months.

The  board and its Indonesian lawyers remain strongly of the opinion that  there
is  no  legal basis to the lawsuit.  Accordingly, an immediate appeal  has  been
lodged  with the High Court of Medan and the status quo remains with  regard  to
the  ownership  of  the shares in PT Sembada Sennah Maju and the  ownership  and
management of Sennah Estate.


By order of the board
M.P. Evans (UK) Limited
Secretaries
18 May 2004