Introduction

M.P. Evans Group PLC (incorporated in England & Wales) is listed on AIM. The Group's assets consist of oil-palm plantations (both majority and minority held) in Indonesia, beef-cattle interests in Australia  and property development in Malaysia.

It is the board's intention to develop and plant approximately 3,000 hectares per annum of environmentally sustainable oil palm.     Demand for palm oil is strong in its traditional use as a food, and additionally as a feedstock for the bio-fuel industry.

In addition to the expansion in Indonesia, the board's policy is to expand the Group's Australian beef-cattle interests. Demand for beef is also strong as the US herd has diminished to its lowest level since 1958. Australia is well placed geographically to serve a growing market for beef in Asia.

It is intended that, ultimately,  approximately 70% of the Group's assets will be in Indonesian oil-palm plantations and 30% in Australian beef cattle.