Potential Disposal, etc.

Hidong Estate PLC
8 June 2000


The Board of Hidong Estate PLC ('Hidong') is considering the merits of
indicative offers  for its plantation in Malaysia.  These offers are in excess
of its book value, which was approximately 6.3 million Malaysian dollars
(approximately £1.1 million sterling) as at 31 March 1999.

If this (or any other higher offer which Hidong may be able to solicit) is
accepted, Hidong will become a cash company.  Accordingly, in parallel with
its discussions regarding the possible sale of the plantation, Hidong is
seeking suitable acquisition or merger opportunities which may be in the
financial services sector.

A further announcement will be made in due course.

Hidong has appointed Dawnay, Day Corporate Finance Limited as its financial
adviser.

Enquiries
Mr Chew (Chairman)                            Tel: [phone]       

David Floyd, Sandy Jamieson                     Tel: [phone]
Dawnay, Day Corporate Finance Ltd