Acquisition

Hidong Estate PLC
4 January 2001




                                Press Release

                              Hidong Estate Plc

                                4 January 2001

The Board of Hidong Estate PLC ('Hidong') announced on 20 September 2000 that
a substantial acquisition was being contemplated, following which dealings in
Hidong shares on the London Stock Exchange were suspended. Discussions with
the vendors have now terminated without agreement being reached.

The potential sale of Hidong's main asset, the Hidong Estate plantation,
continues to be pursued and negotiations with a potential purchaser continue.
A further announcement will be made in due course.

Enquiries

Chew Sing Guan - Chairman                         00604 3322 123

David Floyd or Sandy Jamieson

Dawnay, Day Corporate Finance Limited               020 7509 4570