Final Results

Hidong Estate PLC
28 July 2006


                               Hidong Estate PLC

                    Preliminary Statement of Annual Results

For immediate release
                                                                    28 July 2006

The board of Hidong Estate PLC is pleased to announce its preliminary results
for the year ended 31 March 2006. The Company agreed to sell its plantation (its
only business) during the year, a process which involved litigation initiated by
the purchaser.

Under the settlement terms, the company has delivered vacant possession of the
plantation to the Purchaser and has received the full purchase consideration of
RM 9,750,000. This sale has resulted in a gain of RM 7,684,506 after provisions
of RM 200,000 for professional costs relating to the disposal and including the
adjustment to eliminate the revaluation reserve of RM 5,832,048.

The sale is subject shareholders' approval at an Extraordinary General Meeting
to be convened as soon as practicable.

The profits of the plantation after 23 January 2006 accrue to the purchaser in
accordance with the terms of the settlement of litigation initiated by the
purchaser. Accordingly the accounts for the year to 31 March 2006 only include
the results for the plantation for the period from 1 April 2005 to 23 January
2006. The previous year's accounts included the results of the plantation for a
full 12 month period. This has resulted in a reduction in the reported turnover
and gross profit. The receipt of interest on the cash received in relation to
the disposal and a reduction in administrative costs has resulted in an increase
in pre-tax profits compared to the previous year.

Profit and loss account for the year ended 31st March, 2006



                                                              2006         2005
                                                                RM           RM
Turnover                                                 1,740,941    1,927,119
Cost of sales - including replanting expenditure
of RM22,043 (2005: RM34,938)                            (1,245,907)  (1,379,475)
                                                          --------    ---------
Gross profit                                               495,034      547,644
Distribution costs                                         (85,199)     (80,532)
Administrative expenses                                     (6,429)    (138,754)
                                                          --------    ---------
                                                           403,406      328,358
Other income                                                16,571       16,786
                                                           --------    ---------
Operating profit                                           419,977      345,144
Tangible fixed assets written off                                            (1)
Profit on sale of fixed assets                              19,040
Interest receivable on short term deposits                  75,973       25,833
                                                          --------    ---------
Profit on ordinary activities before taxation              514,990      370,976
Profit on sale of Plantation                             7,684,506
Tax on profit on ordinary activities                      (194,911)     (81,397)
                                                         ---------    ---------
RETAINED PROFIT FOR THE YEAR                             8,004,585      289,579
                                                         =========    =========
Profit per 10p share                                       467 sen    16.90 sen
                                                          ========    =========


STATEMENT OF TOTAL RECOGNISED

GAINS AND LOSSES FOR THE YEAR ENDED 31st MARCH 2006


                                                               2006        2005

                                                                 RM          RM

Surplus on revaluation of properties                              -           -

Deferred tax liability                                            -           -
                                                           --------    --------
Net gains not recognised in the profit and loss                   -           -
account

Net profit for the year                                   8,004,585     289,579
                                                          ---------    --------
Total recognised gains for the year                       8,004,585     289,579
                                                          =========    ========




Balance Sheet as at 31st March 2006


                                                            2006          2005
                                                              RM            RM
FIXED ASSETS

Tangible fixed assets                                          -     7,677,932
CURRENT ASSETS
                                                        --------     ---------
Stocks                                                    11,086       152,907
Debtors                                                  248,147       218,413
Cash at bank and in hand                              10,944,672     1,014,913
Tax refundable                                                 -           204
                                                       ---------     ---------
                                                      11,203,905     1,386,437
                                                      ----------     ---------
CREDITORS: amounts falling due within one year          (502,228)     (315,543)
                                                      -----------    ---------
NET CURRENT ASSETS                                    10,701,677     1,070,894
                                                      -----------    ---------
TOTAL ASSETS LESS CURRENT LIABILITIES                 10,701,677     8,748,826
PROVISION FOR LIABILITIES AND CHARGES                   (343,500)     (563,186)
                                                      -----------    ----------
NET ASSETS                                            10,358,177     8,185,640
                                                      ==========     =========
CAPITAL AND RESERVES
Called up share capital                                1,067,846     1,067,846
Revaluation reserve                                            -     5,832,048

Profit and loss account                                9,290,331     1,285,746
                                                      ----------     ---------
TOTAL EQUITY SHAREHOLDERS' FUNDS                      10,358,177     8,185,640
                                                      ==========     =========

                                       



Cash flow statement for the year ended 31st March 2006



                                                          2006            2005
                                                            RM              RM
NET CASH INFLOW FROM

OPERATING ACTIVITIES                                   135,052         407,408
RETURNS ON INVESTMENTS AND

SERVICING OF FINANCE
Interest received                                       75,974          25,833

TAXATION
Overseas tax paid                                      (80,775)        (74,021)
Overseas tax refunded                                        -          43,140

CAPITAL EXPENDITURE
Purchase of tangible fixed assets                         (650)        (78,230)

Sale of tangible fixed assets                        9,800,157
NET CASH INFLOW BEFORE
MANAGEMENT OF LIQUID RESOURCES                       9,929,758         324,130

MANAGEMENT OF LIQUID RESOURCES
Increase in short term deposits                     (9,673,359)       (420,000)
                                                       ---------        --------
INCREASE/(DECREASE) IN CASH                            256,399         (95,870)
                                                       =========        ========


The financial information set out above does not constitute statutory accounts
for the years ended 31st March 2006 or 2005 but derived from those accounts.
Statutory accounts for 2005 have been delivered to the Registrar of Companies,
and those for 2006 will be delivered following the Company's annual general
meeting. The auditors have reported on those accounts, their report were
unqualified and did not contain statements under section 237(2) of (3) of the
Companies Act 1985.



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