Interim Results

Hidong Estate PLC
26 December 2000



                            HIDONG ESTATE PLC
                         (Incorporated in England)

                      INTERIM REPORT TO SHAREHOLDERS
                     Half Year ended 30 September, 2000

The estimated results for the half year ended 30 September, 2000 are given below
with appropriate comparative figures:

                            Half year ended   Half year ended      Year ended
                          30 September, 2000  30 September, 1999  31 March, 2000
                             (Unaudited)       (Unaudited)         (Audited)

Crop harvested

Rubber (kgs)                 154,700            156,800            270,100
FFB (tonnes)                   1,151              1,860              3,235

Average selling prices            RM                 RM                 RM
   Rubber (per kg- FFB)         2.19               1.97               2.18
   FFB (per tonne - del. mill)   164                244                233

Turnover                     461,350            744,423          1,394,769

(Loss)/Profit after charging
 administration costs       (133,530)           154,534            249,962
Replanting expenditure      (326,961)          (174,554)          (263,022)
Net interest receivable       11,753             14,584             28,276

(Loss)/Profit on ordinary 
 activities before taxation (448,738)            (5,436)            15,216
Taxation                           -            (10,000)            (5,700)

(Loss)/Profit on ordinary 
activities after taxation   (448,738)           (15,436)             9,516

(Loss)/Gain per 10p share     (26.19) sen         (0.90) sen          0.56 sen

Notes

1. The Company posted an operating loss of RM448,738 for the half year ended 
30 September, 2000. This adverse result, as compared to the corresponding
period, were attributed to the sharp decline in crude palm oil price and output
of fresh fruit bunches (FFB) as well as higher replanting expenditure incurred
on further conversion of old rubber areas to oil palm. Some of the earlier
replants have started fruiting and will gradually begin to contribute income to
the Company.

2. The directors do not propose to pay any interim dividend (last year - nil).

3. A copy of this report will be sent to shareholders and will be available for
inspection at the Company's registered office, Capita lrg Plc, Balfour House,
390/398 High Road, Ilford, Essex IG1 1NQ.