Completion of Acquisition

RNS Number : 6881Y
Asian Plantations Limited
30 December 2010

30 December 2010



Asian Plantations Limited

("APL" or the "Company")


Completion of Acquisition


Asian Plantations Limited (LSE: PALM), a palm oil plantation company with operations in Malaysia, is pleased to confirm that it has now completed the acquisition announced on 16 August 2010. The Company is now the legal owner of the entire issued share capital of Fortune Plantation Sdn. Bhd (the "Acquisition").


The terms of the Acquisition remain consistent with those announced previously.


Graeme Brown, APL's Joint Chief Executive Officer, commenting on the completion of the Acquisition, said:


"We are delighted to complete the Acquisition, which has now significantly enlarged the Company's land bank and is an important step towards achieving the Company's stated objective of owning in excess of 20,000 hectares of Malaysian titled land within two years of listing."



For further information contact:


Asian Plantations Limited

Dennis Melka, Joint Chief Executive Officer

Graeme Brown, Joint Chief Executive Officer



                       Tel:  +65 9878 4171

                       Tel:  +60 19 856 0221

Strand Hanson Limited

James Harris

Paul Cocker



Tel: +44 (0)20 7409 3494

Panmure Gordon (UK) Limited

Tom Nicholson

Edward Farmer



Tel: +44 (0) 20 7459 3600

Bankside Consultants

Simon Rothschild

Louise Mason



Tel: +44 (0)20 7367 8871

Tel: +44 (0)20 7367 8872




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