Final Results

M.P. EVANS GROUP PLC ("MP Evans" or the "Group")

        Preliminary unaudited results for the year ended 31 December 2006


MP  Evans,  a producer of Indonesian palm oil and Australian beef  cattle,
announces preliminary results for the year ended 31 December 2006.

Highlights

Financial
*    Record  profit before tax of £19,894,000 (2005 £7,482,000);  increase
     largely  attributable to significant gains following  land  sales  in
     Malaysia

*    Total  operating  profit of £10,777,000 (2005  £7,883,000)  following
     satisfactory  plantation results and increased land sales  by  Bertam
     Properties

*    Basic earnings per share 31.63p (2005 - 8.67p)

*    Dividend  for  the year increased to 6.50p per share (2005  6.25p)  -
     2.00p already paid as an interim

*    Good  progress  made on the Group's stated divestment  strategy  from
     Malaysia  into  Indonesia and Australia - three estates  sold  for  a
     total £16 million

Indonesia
*    24,000  hectares of new, environmentally suitable land in Kalimantan,
     Indonesia secured in 2006, in addition to the 12,000 hectares already
     secured on Bangka Island

*    Development  of the new land now under way. 6,000 hectares  scheduled
     for planting in 2007

Australia
*    In  Australia,  the Group's share in NAPCo, one of the leading  beef-
     cattle companies in Australia, increased to 29.29%

*    Three land acquisitions (Flinton and Baquabah in 2006, Springmount in
     2007)  increased  the size of the wholly-owned Woodlands  cattle  and
     arable aggregation to 31,000 hectares


Commenting on the results, Richard Robinow, chairman of MP Evans, said:

"I am delighted with the progress we have continued to make in each of the
three countries where we have interests.  We achieved good prices for  the
property  assets we sold in Malaysia this year, which will help  fund  the
substantial expansion of both our palm-oil operations in Indonesia and our
beef-cattle operations in Australia.

The  board is optimistic about the prospects for the markets in which  the
Group  operates, particularly palm oil, where prices have hit recent highs
following  unprecedented demand, and expect the  Group  to  prosper  as  a
result."


Enquiries:
M.P. Evans Group PLC     Telephone: [phone] on 30 April only.
                         Thereafter - Telephone: [phone]

Peter Hadsley-Chaplin    Joint managing director
Philip Fletcher          Joint managing director and finance director

Hudson Sandler           Telephone: [phone]
Andrew Hayes
James White

An  analysts'  meeting will be held today at 9:30 a.m. at the  offices  of
Hudson Sandler, 29 Cloth Fair, London EC1A 7NN.


Overview of results
A  record  profit  before tax of £19,894,000 was achieved,  compared  with
£7,482,000  last year. Earnings per share increased to 31.63p  from  8.67p
and  this  increase was largely attributable to the gains  realised  on  a
number  of  land sales. These included the sale, in line with the  board's
strategy, of three of the Group's Malaysian estates as well as the sale of
some  significant areas of land owned by the Group's 40% associate, Bertam
Properties  Sdn.  Berhad ("Bertam Properties") in  Malaysia.  The  balance
sheet remains strong.

Strategy
The  board  remains committed to its long-term policy of increasing  -  to
approximately  70,000  hectares  - its oil-palm  areas  in  Indonesia  and
expanding  its Australian beef-cattle interests. As part of this strategy,
the  board  will  seek  to  sell, when suitable opportunities  arise,  the
remainder   of   its   high-value  Malaysian  plantations   and   property
investments, the proceeds from which will provide the core of the  funding
of the Group's expansion in Indonesia and Australia.

Since  the new strategy was adopted at the time of the merger with  Bertam
Holdings  PLC and Lendu Holdings PLC two years ago, considerable  progress
has  been  made in its implementation. In Malaysia, the Group has  so  far
sold three of its estates, realising a total of some £16 million. Also, in
2007,  the  Group  has  agreed to sell 181 hectares of  Perhentian  Tinggi
Estate   for   approximately  £2.6  million,  payable  in  two  near-equal
instalments, the first of which has now been received. The balance of  the
estate,  comprising  745 hectares, continues to be  marketed.  The  entire
estate  was valued at approximately £13.2 million for the purposes of  the
2005  merger.  It is possible that some modest reduction in the  potential
sale   value  of  the  remaining  area  may  ensue  from  the  prospective
development of a 57-hectare municipal landfill site by the local authority
on the estate. These development plans are being vigorously opposed by the
Group.

In  Indonesia, in addition to its existing mature estates, the  Group  has
invested  in  two  substantial projects, on  Bangka  Island  and  in  East
Kalimantan,  and thereby secured sufficient land to develop a  minimum  of
36,000  hectares  of  oil palm.  Although the rate of  planting  has  been
slower  than originally anticipated, owing to some protracted negotiations
over  land-compensation claims, 2,000 hectares of this land have now  been
planted.  With  effect  from  this year, the  Group  is  aiming  to  plant
approximately 6,000 hectares per annum over the next seven to eight years.

Expansion  of the Group's Australian cattle investments has also continued
apace.  The  acquisition of three new properties - Flinton,  Baquabah  and
Springmount  - which all adjoin Woodlands, has been completed (Springmount
after  the  year  end). The enlarged Woodlands aggregation  now  comprises
31,000 hectares and, further to the completion of some pasture-improvement
work,  will  represent  one of the largest and, it  is  anticipated,  most
productive cattle-backgrounding properties in Southern Queensland.   Also,
since  2005,  the Group has slightly increased its holding  in  The  North
Australian  Pastoral Company Pty Limited ("NAPCo") -  one  of  Australia's
leading beef-cattle companies - to just under 30%. The board will continue
to  review  further investment opportunities in NAPCo  as  and  when  they
arise.

The  oil  palm has a long gestation period and positive earnings and  cash
flows from the substantial investments referred to above will take time to
achieve.  In the intervening period before those are achieved,  the  Group
will be relying on the earnings from the mature plantations (both majority-
owned and owned by associates) in Sumatra. It is the board's intention  at
least to maintain the level of annual dividend, which, in respect of 2006,
as referred to above, amounted in total to 6.50p per share.

Palm-oil activities and market
Crops of oil-palm fresh fruit bunches ("f.f.b.") from the Group's majority-
owned estates were some 4% lower, at 213,000 tonnes, as a result of losing
the  contribution of crop from the three Malaysian estates which were sold
during  the course of 2006. The crop from the Group's associates increased
by  9% to 365,000 tonnes following a marked improvement by the 32%-held PT
Agro Muko project in Sumatra.

The  palm-oil  price traded in the first half at levels similar  to  those
prevailing in 2005, between US$400 and US$450 per tonne, before increasing
sharply  to  the US$600-per-tonne level towards the end of the year.  This
was  in  response to heightened global demand for both palm oil and  other
vegetable oils not only in their traditional capacity as a cooking oil but
also as a feedstock for the bio-fuels market.

New Indonesian projects
Bangka project
Significant  progress has been made on the development of the new  12,000-
hectare,  oil-palm project on Bangka Island, with some 2,000  hectares  of
young  palms now planted. However, the rate of both clearing and  planting
has  been  slower  than originally anticipated. Although smallholder-land-
compensation  claims  have  been dealt with  amicably,  and  fairly,  with
genuine  claimants, delays have been caused by the involvement of  outside
parties.  It is believed that these issues will be suitably resolved, with
the  assistance of the Group's joint-venture partner, Mr Karli  Boenjamin,
but  it  is difficult at this stage to predict the precise rate  at  which
work  will proceed during the rest of the year. Subject to this, the  plan
is to plant 2,000 hectares in 2007.

A  loan  agreement has been signed with the German development bank,  DEG,
which  will  provide loan finance of US$19.8 million.  It  is  anticipated
that  the remaining conditions will be satisfied shortly after which  draw
downs will commence.

East Kalimantan project
With  the assistance of the Group's joint-venture partners, Mr Halim Jawan
and  Mr  Sudihugeng Hardjojo, an excellent start has been made on the  new
East  Kalimantan project which is located near the Mahakam River,  one  of
the  major  river systems on the island. A minimum of 24,000  hectares  of
land, suitable for oil-palm development, has been secured.

The  investment  in  the  project is being  held  through  two  Indonesian
companies, PT Prima Mitrajaya Mandiri ("PMM") and PT Teguh Jayaprima Abadi
("TJA"),  the  shareholding in the latter having been acquired  since  the
year  end.  PMM,  which  is currently scheduled to  develop  approximately
14,000  hectares, is owned as to 92.5% by the Group and 7.5% by Mr  Halim.
TJA,  which is scheduled to develop some 10,000 hectares, is owned  as  to
92.5%  by the Group and 7.5% by Mr Sudihugeng. Messrs Halim and Sudihugeng
will  be  responsible for securing the Hak Guna Usaha ("HGU") (a right  to
use the land akin to a long-term Government lease) for each piece of land.
They  will  receive a fee of US$225 per hectare for successfully  securing
the respective HGU's.

An  environmental  impact assessment is in progress on the  whole  project
area and, although the formal report has not yet been completed, the clear
early  indications are that the project is not regarded as environmentally
sensitive, primarily because it comprises largely open land.

Good  progress has been made on the ground with some early infrastructure,
such  as  roads and drains, workers' accommodation and a fertiliser  store
now   in  place.  The  Group's  largest-ever  oil-palm  nursery  has  been
established, with 1.8 million seedlings now in place. It is expected  that
a minimum of 4,000 hectares will have been planted by the end of 2007.  It
is  anticipated that, in the event of any delays on Bangka, the  shortfall
can be compensated for by accelerated progress in East Kalimantan.

At  this  early stage, the Kalimantan projects are being financed  through
the  Group's  resources and discussions with regard to obtaining  external
finance  for the projects have commenced with bankers. Exact details  will
not  be  finalised until it is established what total areas  of  land  are
available.

Beef-cattle activities and market
Further  to  an  unusually  severe  drought  experienced  across  much  of
Australia, a loss was recorded on the Group's cattle-fattening property in
Queensland,  Woodlands. When the drought broke, however, it  gave  way  to
some  of  the  best  rainfall in six years. Whilst these  drought-breaking
rains  were not received on Woodlands until early 2007, NAPCo had,  by  as
early  as  March  2006, received excellent rainfall on its  main  breeding
properties  in  the Northern Territory and Northern Queensland.  This,  to
some degree, compensated for the continuing dry weather experienced, until
early   2007,  on  NAPCo's  growing-out  properties  located  in   central
Queensland and demonstrates the benefits of the geographical diversity  of
its  properties that a company such as NAPCo is able to enjoy.  NAPCo  did
not, however, sell as many fattened cattle as in the previous year and, as
a result, reported lower profits.

Prices for the lighter-weight, grass-fed cattle - such as those bought and
sold  by  Woodlands - eased during the year as a result  of  the  drought.
However,  prices  for heavier, "grain-finished" cattle  -  such  as  those
produced by NAPCo - remained buoyant throughout the year.

Malaysian property activities and market
The  Group's  other  principal associate, Bertam Properties  (40%  owned),
achieved  a record profit, which arose principally from the sale  of  some
significant  parcels  of land. Bertam Properties' results  from  its  main
activity, the construction and sale of housing, were satisfactory  in  the
context  of  the  continuing lacklustre state of  the  Malaysian  property
market.   However, some welcome initiatives have recently been  introduced
by  the  Malaysian  Government  to support the  construction  and  housing
industries. These include the easing of restrictions on foreign  ownership
and  the suspension of Real Property Gains Tax as from 1 April 2007  which
may help to stimulate demand in the property sector.

Gross profit
In  Indonesia, the combination of similar f.f.b. crops, slightly  improved
palm-oil selling prices, the phasing out of the remaining rubber areas and
disadvantageous exchange rates resulted in a gross profit  of  £3,742,000,
similar  to  the  £3,649,000 in 2005. Likewise, in Malaysia,  very  robust
performances  by  two of the three remaining estates and  the  absence  of
crops from the three estates that were sold during the year resulted in  a
gross profit of £1,272,000, similar to the £1,170,000 in 2005.  Continuing
adverse  weather  conditions in Australia gave rise to  a  gross  loss  of
£397,000  for the year compared with a profit of £175,000 in  2005.  As  a
result  of  the  above,  together with the results of  the  Group's  other
activities,  the Group gross profit for the year amounted  to  £4,746,000,
compared with £5,082,000 in 2005.

Dividend
In  the  light  of  the favourable results, your board  proposes  a  final
dividend of 4.50p per share, which, together with the interim dividend  of
2.00p paid in November 2006, makes 6.50p for the year, compared with 6.25p
in respect of 2005.

Exchange rates
2006  was dominated by the general weakening of the US Dollar against most
currencies. As both the sales price of palm oil and a significant  portion
of  Indonesian plantation costs are denominated in US Dollars, this had  a
negative effect on results. The Group's policy is to retain surplus  funds
in  Indonesia, and to some extent in the UK, in US Dollars. The  weakening
of  the  US  Dollar  during  2006  resulted  in  exchange  losses  on  the
restatement of these deposits which are reflected in the profit  and  loss
account.  In addition, other US Dollar-based assets were reduced in  value
in  Sterling terms. Whilst the average rates of exchange for the year (the
rate  at which results are translated in the profit and loss account) were
similar  in both 2006 and 2005 for the Australian Dollar and the Malaysian
Ringgit,  the  year-end rates (the rate at which balance-sheet  items  are
translated)  were weaker against Sterling. As a result, assets denominated
in these two currencies were lower in Sterling terms at the year end.

Other administrative expenses
Other   administrative  expenses,  prior  to  the  net  credit   for   the
amortisation  of  negative  goodwill,  amounted  to  £2,573,000  in  2006,
compared  with  £2,169,000 in 2005.  There are several  main  contributory
reasons for this marked increase; the inclusion for the first time of  the
administration  costs  both  of the new Jakarta  office  and  of  the  new
Indonesian projects, the continuing increase, due to the strength  of  the
share  price,  in  the  provision  for  potential  national  insurance  on
unexercised  share  options  and legal costs associated  with  the  Sennah
Estate lawsuit in Indonesia.

Associated companies
The share of operating profits/(losses) in the associated companies was as
follows:-




                                                  2006             2005
                                   % held        £'000            £'000

PT Agro Muko                        31.53        2,044            1,759

PT Kerasaan Indonesia               38.00          655              605

Bertam Properties                   40.00        4,919              395

Kennedy, Burkill & Co. Berhad       20.00          127              134

Asia Green Environmental Sdn. Bhd.  30.00          (76)              16

NAPCo                               29.29          460              885
                                                ------           ------
                                                 8,129            3,794
                                                ------           ------


Of  the  Indonesian  associates, PT Agro Muko reported 11%  higher  f.f.b.
crops,  at 295,000 tonnes, and higher profits whilst PT Kerasaan Indonesia
reported  similar  crops, at 56,000 tonnes, and slightly  higher  profits.
Substantial  property  disposals  by  Bertam  Properties  gave   rise   to
significant profits and the Group received approximately £5 million during
the  year  from  loan repayments and dividends. NAPCo  suffered  from  the
effects  of the extended drought in Australia which restricted its ability
to  produce, and sell, cattle. As a result, it reported lower  profits  in
2006.

Exceptional items
Exceptional gains of £7.81 million were made on the disposal of  three  of
the Malaysian estates. As in previous years, Group profits (£1.37 million)
which  were  withheld when land was originally sold by Group companies  to
Bertam Properties have been released when Bertam Properties sold that land
to third parties.

Profit before tax
As  a  result of all of the above, the Group profit on ordinary activities
before  taxation  for  the  year amounted to  £19,894,000,  compared  with
£7,482,000 for 2005.

Sennah lawsuit
The hearing of DR Rahmat Shah's appeal in the Supreme Court in Jakarta  is
still  awaited. The Group has vigorously contested this appeal and remains
optimistic of a successful outcome.

Labour dispute
Since the end of the year, part of the workforces of Pangkatan, Bilah  and
Sennah Estates have gone on strike over pay rates and have been suspended.
In  the  meantime,  harvesting is continuing at  near-normal  levels  with
contract  labour.  Management took this step reluctantly  after  extensive
consultation with the workers, their families and their union.  The  Group
was  both  surprised and disappointed by their action since  it  offers  a
competitive remuneration package in terms not only of wages and havesters'
premia  but  also  of  housing, medical and other benefits.  Although  not
required  to,  the Group made a goodwill gesture in offering to  reinstate
the  striking  workers  but is standing firm in refusing  to  improve  its
terms.  The  union  has  now taken the matter to the  Labour  Court.   The
initial hearing of the case is expected to be in mid-May.

Current trading and prospects
To  date  in 2007, f.f.b. crops on the majority-held estates have  been  a
little below both expectations and those recorded for the same period last
year.  Crops  from the associated companies have, in line with  estimates,
been higher than last year.

Although it is a little early to give accurate indications, it is expected
that  crops  from  both  the majority-held and minority-held  estates  are
likely  to be similar to those achieved in 2006. Any further estate  sales
in  Malaysia  will  have  a concomitant (but relatively  modest)  downward
impact on total crops.

Palm-oil prices have continued to be strong, trading above the US$700  per
tonne level, compared with around US$450 a year ago. Beef-cattle prices in
Australia initially rose in early 2007 but have since fallen back  as  dry
conditions  have returned and export demand has eased in response  to  the
strengthening Australian Dollar. However, values of beef-cattle properties
in  Australia  continue  to  be  robust. Looking  forward,  the  board  is
confident  that  the Group will prosper with the prospects  for  both  the
Indonesian   palm-oil   and  Australian  beef-cattle   markets   remaining
favourable.



CONSOLIDATED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2006
                                                  2006             2005
                                                            as restated
                                                            (see note 6)
                                                 £'000            £'000

Turnover
Continuing operations                           12,647           10,791
Discontinued operations                            836            1,391
                                                ------           ------
                                                13,483           12,182

Cost of sales                                   (8,737)          (7,100)
                                                ------           ------
Gross profit                                     4,746            5,082
                                                ------           ------

Foreign-exchange (losses)/gains                   (524)             234
Other administrative expenses                   (1,574)          (1,227)
                                                ------           ------
Total administrative expenses                   (2,098)            (993)
                                                ------           ------

Group operating profit
Continuing operations                            2,331            3,588
Discontinued operations                            317              501
                                                ------           ------
                                                 2,648            4,089

Share of operating profit in associates          8,129            3,794
                                                ------           ------
Total operating profit                          10,777            7,883

Exceptional credit/(charge)  (note 3)            9,110             (525)
                                                ------           ------
Profit on ordinary activities before interest   19,887            7,358

Interest receivable                                343              318
Interest payable                                  (415)            (283)
Income from fixed-asset investments                 79               89
                                                ------           ------
Profit on ordinary activities before taxation   19,894            7,482

Tax charge on profit on ordinary
 activities  (note 2)                           (3,278)          (2,617)
                                                ------           ------
Profit on ordinary activities after taxation    16,616            4,865

Minority interests                                (530)            (499)
                                                ------           ------
Profit on ordinary activities attributable to
 the members of M.P. Evans Group PLC            16,086            4,366
                                                ------           ------

                                                 Pence            Pence

Basic earnings per 10p share  (note 4)           31.63             8.67
                                                ------           ------

Diluted earnings per 10p share  (note 4)         30.39             8.38
                                                ------           ------



CONSOLIDATED BALANCE SHEET
AT 31 DECEMBER 2006
                                                  2006             2005
                                                            as restated
                                                            (see note 6)
                                        £'000    £'000   £'000    £'000
Fixed assets
Goodwill                                  469              292
Negative goodwill                        (796)            (889)
                                       ------           ------
Intangible assets                        (327)            (597)

Tangible assets                        39,629           40,500
Investments                            33,964           31,789
                                       ------           ------
                                                73,266           71,692
Current assets
Stocks                                  2,092            1,622
Debtors                                 4,730            3,516
Investments                             5,871            2,790
Cash at bank and in hand               11,024            3,006
                                       ------           ------
                                       23,717           10,934
Creditors - amounts falling due
            within one year           (11,646)          (7,022)
                                       ------           ------
Net current assets                              12,071            3,912
                                                ------           ------
Total assets less current liabilities           85,337           75,604

Creditors - amounts falling due
            after more than one year                 -             (536)
Provisions for liabilities                        (788)            (779)
Minority interests                              (4,218)          (3,319)
                                                ------           ------
Net assets                                      80,331           70,970
                                                ------           ------

Capital and reserves
Called-up share capital                          5,096            5,078
Share premium account                           10,447           10,317
Revaluation reserve                             12,067           20,372
Capital redemption reserve                       2,139            2,139
Merger reserve                                  (4,037)          (4,099)
Other reserve                                      269              231
Share of associated companies' reserves          6,623            5,093
Profit and loss account                         47,727           31,839
                                                ------           ------
Total shareholders' funds                       80,331           70,970
                                                ------           ------



CONSOLIDATED CASH-FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2006
                                                  2006             2005
                                                 £'000            £'000

Net cash inflow from operating activities          769            5,499
Dividends from associated undertakings           4,151            1,180
Returns on investments and servicing of finance      1             (327)
Taxation                                        (2,761)          (1,838)
Capital expenditure and financial investment     8,162           (4,199)
Acquisitions                                      (868)          (4,276)
Dividends paid  (note 1)                        (3,177)          (4,049)
                                                ------           ------
Net cash inflow/(outflow) before management
 of liquid resources and financing               6,277           (8,010)
Management of liquid resources                  (3,226)           2,151
Financing                                         (457)            (214)
                                                ------           ------
Increase/(decrease) in cash                      2,594           (6,073)
                                                ------           ------



CONSOLIDATED STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES
FOR THE YEAR ENDED 31 DECEMBER 2006
                                                  2006             2005
                                                            as restated
                                                            (see note 6)
                                                 £'000            £'000

Profit attributable to the members
 of the Company                                 16,086            4,366
Unrealised share of movements in associated
 undertakings' reserves                            235           (1,020)
Previously unrealised profit on sale of land
 to associated undertaking released to profit
 and loss account on sale of land by associate  (1,366)             (33)
Exchange differences on foreign-currency
 net investments                                (3,988)           6,253
                                                ------           ------
Total recognised gains and losses for the year  10,967            9,566
                                                ------           ------


CONSOLIDATED RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
FOR THE YEAR ENDED 31 DECEMBER 2006
                                                  2006             2005
                                                            as restated
                                                            (see note 6)
                                                 £'000            £'000

Profit attributable to members of the Company   16,086            4,366
Dividends paid  (note 1)                        (3,177)          (4,049)
                                                ------           ------
                                                12,909              317
Issue of shares                                    148            5,525
Share-based payments                                38               94
Sale of own shares by subsidiary                 1,385                -
Other recognised gains and losses relating
 to the year                                    (5,119)           5,200
                                                ------           ------
Net addition to shareholders' funds              9,361           11,136

Opening shareholders' funds                     70,970           59,834
                                                ------           ------
Closing shareholders' funds                     80,331           70,970
                                                ------           ------



NOTES

1.   Dividends paid and proposed
Following the year end, the board has proposed a final dividend  for  2006
of  4.50p  per 10p share. If confirmed at the annual general  meeting,  it
will be paid as follows:

                                                  2006             2005
Payable on or after                         20-06-2007       20-06-2006
Record date                                 11-05-2007       19-05-2006
Ex-dividend date                            09-05-2007       17-05-2006

An interim dividend for 2006 of 2.00p (2005 - 2.00p) per share was paid on
3 November 2006.

                                                  2006             2005
                                                 £'000            £'000

2006 interim dividend - 2.00p per 10p share
(2005 interim dividend - 2.00p)                  1,019            1,014
2005 final dividend - 4.25p per 10p share
(2004 final dividend - 6.00p)                    2,158            3,035
                                                ------           ------
                                                 3,177            4,049
                                                ------           ------

2.   Tax charge on profit on ordinary activities
                                                  2006             2005
                                                 £'000            £'000

United Kingdom corporation tax charge
 for the year                                      834            1,335
Relief for overseas taxation                      (834)          (1,382)
                                                ------           ------
                                                     -              (47)
Overseas taxation                                2,259            1,734
Adjustments in respect of prior periods             (1)              15
                                                ------           ------
                                                 2,258            1,702
Share of associated undertakings' taxation       1,481            1,039
                                                ------           ------
Total current tax                                3,739            2,741
Deferred taxation - origination and reversal
 of timing differences                            (461)            (124)
                                                ------           ------
                                                 3,278            2,617
                                                ------           ------

Unrelieved  losses  of £6,043,000 (2005 £5,407,000)  remain  available  to
offset future taxable profits of Group companies.

3.   Exceptional credit/(charge)                  2006             2005
                                                 £'000            £'000

Fundamental reorganisation expenses                (27)            (590)
Group profit on sale of fixed-asset investments      3               95
Group profit/loss)on sale of tangible
 fixed assets                                    7,770              (72)
Previously unrealised profit on sale of land
 to associated undertaking released to the
 profit and loss account on sale of that land
 to a third party                                1,366               33
Share of associated undertakings' net (losses)
 /gains on sale of tangible fixed assets            (2)               9
                                                ------           ------
Total net exceptional credit/(charge)            9,110             (525)
                                                ------           ------

A  liability to Malaysian taxation amounting to £756,000 arose on the sale
of tangible fixed assets in 2006. This has been included in the tax charge
on profit on ordinary activities (note 2). There was no material impact on
the tax charge resulting from the exceptional charge in 2005.

4.   Basic and diluted earnings per share
The  calculation  of  basic earnings per 10p share in  2006  is  based  on
profits  of  £16,086,000 and on 50,852,000 shares, which was  the  average
number  of  shares  in  issue during the year. The  calculation  of  basic
earnings  per share in 2005 was based on profits of £4,366,000 as restated
(see  note  6)  and on 50,361,470 shares which was the average  number  of
shares deemed in issue during that year.

The  calculation  of diluted earnings per 10p share in 2006  is  based  on
profits  of  £16,086,000 and on 52,925,754 shares, which was  the  diluted
average  number  of  shares in issue during the year. The  calculation  of
diluted  earnings per share in 2005 is based on profits of  £4,366,000  as
restated  (see  note 6) and on 52,101,315 shares, which  was  the  diluted
average  number of shares deemed in issue during that year. The additional
shares used in the calculations of the 2006 and 2005 diluted earnings  per
share represent adjustments made for shares under option.

5.   Financial information
The financial information set out in this announcement does not constitute
the  Company's statutory accounts for the years ended 31 December 2006  or
2005. The financial information for the year ended 31 December 2005, which
has  been  delivered to the Registrar of Companies, is  derived  from  the
statutory  accounts for that year as amended for the change in  accounting
policy  referred  to in note 6. The auditors reported on  those  accounts;
their report was unqualified and did not contain a statement under section
237(2)  or (3) of the Companies Act 1985. The statutory accounts  for  the
year  ended  31  December  2006 will be finalised  on  the  basis  of  the
financial  information  presented by the  directors  in  this  preliminary
announcement and will be delivered to the Registrar of Companies.

6.   Change of accounting policy - share-based payments
The  Company  has issued equity-settled, share-based payments  to  certain
directors and employees, which are measured at fair value at the  date  of
grant.  The  fair  value  is expensed on a straight-line  basis  over  the
vesting  period,  based  on the Company's estimate  of  shares  that  will
eventually  vest. The impact of this is a charge, which has been  included
in  the  profit  and  loss  account, with a  corresponding  adjustment  to
reserves. The Group has taken advantage of the transitional provisions  of
FRS20  in respect of equity-settled awards and has applied FRS20  only  to
equity-settled awards granted after 7 November 2002.

The  proceeds received net of any directly-attributable transaction  costs
are  credited to share capital (nominal value) and share premium when  the
options   are  exercised.   As  a  result  of  this  change   of   policy,
administrative expenses have been increased by £38,000 (2005 £94,000).

7.   Timetable
The report and financial statements will be despatched to shareholders  on
10 May 2007 and the annual general meeting will be held on 7 June 2007.

8.   Distribution
Copies  of the full report and financial statements for the year ended  31
December  2006 will be available from the Company, 3 Clanricarde  Gardens,
Tunbridge Wells, Kent TN1 1HQ on and after 10 May 2007.


By order of the board
J F Elliott
Secretary

30 April 2007