Merger Update

Singapore Para Rubber Estates PLC
29 June 2001


The Singapore Rubber Estates PLC

              ('The Singapore Rubber Estates' or the 'Company')


                  Proposed merger with Bertam Holdings PLC,


The Company announces that following the Court Meeting and the Extraordinary
General Meeting of the Company at which each of the resolutions approving the
proposed merger with Bertam Holdings PLC was duly passed, the date of the
Court hearing of the petition to sanction the scheme of arrangement under
which this merger is to be implemented has been changed from 2 July 2001 to 9
July 2001.



Accordingly, the timetable of events as set out in the Circular sent to
shareholders of the Company on 11 May 2001, has been altered and is expected
to be as follows:


Event                                                             Expected Date


Court hearing of petition to sanction the Scheme            Monday, 9 July 2001

Trading in the Shares suspended                          7.30 am on Tuesday 10,
                                                                      July 2001

Effective Date of Scheme                                  Tuesday, 10 July 2001

Commencement of dealings in New Bertam Shares on the   8.00 am on Wednesday, 11
London Stock Exchange                                                 July 2001

Despatch of share certificates in respect of the New   on, or before Wednesday,
Bertam Shares                                                      18 July 2001