TIDMPALM

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                    Tel: +65 9878 4171 
 Dennis Melka, Joint Chief Executive        Tel: +60 19 856 0221 
  Officer 
 Graeme Brown, Joint Chief Executive 
  Officer 
 Strand Hanson Limited                  Tel: +44 (0)20 7409 3494 
  James Harris 
  Paul Cocker 
 Panmure Gordon (UK) Limited           Tel: +44 (0) 20 7459 3600 
 Tom Nicholson 
 Edward Farmer 
 Bankside Consultants                   Tel: +44 (0)20 7367 8871 
  Simon Rothschild                      Tel: +44 (0)20 7367 8872 
  Louise Mason

This information is provided by RNS

The company news service from the London Stock Exchange

END

ACQURRRRRSAUORA

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