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D1 Oils Plc (NEOS)

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Friday 27 July, 2007

D1 Oils Plc

Q2 Business Update

D1 Oils Plc
27 July 2007

Press Release

                        D1 Oils Q2 2007 Business Update


27 July, 2007

D1 Oils plc ('D1' or 'the Company'), the UK-based global producer of biodiesel,
today announces its quarterly business update for the second quarter ended 30
June 2007.

Agronomy

Planting

Up to 30 June 2007, D1 has planted or obtained rights to offtake from a total of
175,081 hectares of jatropha worldwide. This represents an increase of over
18,000 hectares on the total of 156,741 hectares as at 31 March 2007, as
announced in the quarterly update on 2 May 2007. The increase in planting is
accounted for predominantly by planting in India, with planting under contract
farming in the North East with Williamson Magor making particularly good
progress.

The cumulative position at 30 June 2007 is summarised in the table below:

                        Managed    Contract    Seed purchase       Total
                    plantations     farming   and oil supply    hectares
                                                  agreements                      
------------------------------------------------------------------------
India    South                -       7,984                -       7,984
         North East           -      21,640            2,000      23,640
         Rest                 -       5,093           22,924      28,017
------------------------------------------------------------------------
                              -      34,717           24,924      59,641
------------------------------------------------------------------------
Africa   Swaziland        1,227           -            8,017       9,244
         Zambia           2,411      20,760                -      23,171
         Rest                 -           -            8,629       8,629
------------------------------------------------------------------------
                          3,638      20,760           16,646      41,044
------------------------------------------------------------------------
South    China                -           -           28,000      28,000
East     Indonesia            -      36,640                -      36,640
Asia     Rest                 -       4,780            4,976       9,756
------------------------------------------------------------------------         
                              -      41,420           32,976      74,396
------------------------------------------------------------------------
Total                     3,638      96,897           74,546     175,081
------------------------------------------------------------------------

The level of investment costs and security of future oil supply from planting
are proportional to the degree of direct involvement by D1 and its partners.
Managed plantations are those farms where land and labour is controlled by D1,
either through its subsidiaries or joint venture partners. Under contract
farming, the farmer plants his own trees on his own land. D1 and its partners
assist with the provision of seedlings and the arrangement of bank finance for
planting, and offer a buyback of harvested seeds with an offtake agreement. We
provide support and advice during cultivation, and monitor the condition of the
crops. Seed and oil supply agreements are arms-length supply contracts with
third parties whereby D1, either directly or through joint venture partners, has
offtake arrangements in place over future output from jatropha plantations which
the third party is developing. D1 has limited involvement in this planting and
relies on third parties to measure and manage the crop effectively.

New planting agreements

We have recently signed two significant planting Memoranda of Understanding
(MOU) in Indonesia. The first, with PT Astra Agro Lestari, part of the Jardine
Matheson Group and the largest publicly traded agribusiness in Indonesia,
concerns the creation of a 500 hectare Jatropha curcas pilot plantation,
planting of which is planned to start in Q4 2007. Should this pilot proceed
well, the aim is to carry out significant planting on a commercial basis.

The second is a tripartite MOU between PT Medco Energi International, PT Mambruk
Sarana Interbuana and D1 Oils Asia Pacific, and concerns a 500 hectare pilot
plantation in West Java. Planting operations will commence in Q4 2007 with the
intention to expand to 10,000 hectares. PT Medco International is a publicly
listed integrated energy company. PT Mambruk is one of the pioneers of solar
energy in Indonesia.

Plant science

Multiplication of our first 'E1' elite seed material, selected for higher yield
and good biodiesel profile, is now fully underway in all three regions. We are
on track to plant 50,000 hectares of E1 elite seed in 2008.

Refining and trading

Commissioning work continues on our fifth D1 20 refinery unit at our Teesside
site. This is the first of our upgraded D1 20 units and has an enhanced capacity
of 10,000 tonnes per year. We expect the unit to be in beneficial operation by
September 2007, increasing the production capacity of our Teesside site to
42,000 tonnes.

Work on the first phase of operations at our Bromborough site to convert the
existing facilities for production of biodiesel continues on track. Process
commissioning is underway and on schedule. It is expected that the Bromborough
site will be in beneficial operation before the end of the year.

Elliott Mannis, Chief Executive Officer of D1 Oils, commented:

'The planting figures demonstrate continued strong progress. We are particularly
pleased with the operations in India, where our partners continue to plant
vigorously. Our plant science programme is also well on track to deliver the
elite seed for the planting of the first higher yielding varieties of jatropha
in 2008. In UK refining, we continue to expand our UK refining capacity
prudently in advance of the implementation of the UK Renewable Transport Fuels
Obligation next year. The commissioning of our fifth D1 20 refinery on Teesside
and the expansion of capacity at Bromborough will give us a solid base for
future growth as the market develops under the impact of the new regulations.'

Contacts:

D1 Oils:
Graham Prince, Head of Corporate Communications
Tel:    +44 (0) 1642 755580
Mobile: +44 (0) 7973 323840

Brunswick Group:
Mark Antelme
Tel:   +44 (0) 20 7404 5959

Notes to Editors

D1 Oils plc is a UK-based global producer of biodiesel. We are building a global
supply chain and network that is sustainable and delivers value from
'earth-to-engine'. Our operations cover agronomy, refining and trading. We are
pioneering the science, planting and production of inedible vegetable oils; we
design, build, own, operate and market biodiesel refineries; and we source,
transport and trade seeds and seedlings, seedcake, crude vegetable oils and
biodiesel.





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