2 March 2015

New Britain Palm Oil Limited

("NBPOL", the "Group" or the "Company")

DIRECTORATE CHANGES

New Britain Palm Oil Limited (LSE: NBPO; POMSoX: NBO), one of the world's largest fully integrated producers of sustainable palm oil, announces the following Board changes following completion of the acquisition by Sime Darby Plantation Sdn Bhd of approximately 98.8% of NBPOL's issued share capital.

Director Resignations

Mr. Antonio Monteiro de Castro, Dato' Kamaruzzaman Abu Kassim and Mr. Ahamad Mohamad have resigned from the Board of the Company with immediate effect.

Director Appointments

The following persons are appointed as non-executive directors of the Company with immediate effect:

(1)  Dato' Henry Sackville Barlow was appointed to the Board of Sime Darby Berhad as an Executive Director on 29 September 2007 and has been appointed as a Senior Independent Non-Executive Director since 16 November 2010. He is also a Director of Sime Darby Plantation Sdn Bhd.

Dato' Barlow has been appointed as the Non-Executive Chairman of NBPOL with immediate effect.

Dato' Barlow was educated at Eton College and obtained his Bachelor and Master of Arts degrees from the University of Cambridge, United Kingdom. He is also a Fellow of the Institute of Chartered Accountants in England and Wales.

Dato' Barlow is also a Director of a public company, namely, The International and Commonwealth University of Malaysia Berhad. He also holds the position of the Honorary Treasurer of the Malaysian Branch of the Royal Asiatic Society and is a Trustee of the Merdeka Award Trust.

Dato' Barlow has over 35 years of experience in the Plantation Industry. He was the Finance Director of Barlow Boustead Estates Agency Sdn Bhd, Joint Managing Director of Highlands & Lowlands Berhad and Council Member of the Incorporated Society of Planters. He served as a Board member of HSBC Bank Malaysia Berhad for more than 20 years until 2014, including serving on the Board's Audit Committee and chairing the Risk Management Committee.

Dato' Barlow holds several Committee memberships in the Board Committees of Sime Darby Berhad namely Governance & Audit Committee (Chairman), Nomination & Remuneration Committee and Sustainability Committee (Chairman).

There are no other matters relating to the new director which would require disclosure under Listing Rule 9.6.13R.

(2)  Dato' Che Abdullah @ Rashidi bin Che Omar was appointed to the Board of Directors of Sime Darby Plantation Sdn Bhd on 31 December 2010. He graduated with a Diploma in Plantation Management from Universiti Teknologi Mara.

Dato' Rashidi has over 45 years of plantation experience. He began his career with Lembaga Kemajuan Tanah Persekutuan (FELDA) as a Cadet Planter in 1968 and left as a Manager. In 1974, he joined Kuala Lumpur Kepong Berhad as Assistant Manager and left as Senior Manager. In 1989, he joined Austral Enterprise Berhad as a Senior Manager.

In 1990, Dato' Rashidi joined Tradewinds (M) Berhad as a Manager in the Plantation Division and was subsequently promoted to General Manager in 1993. In 1996, he was seconded to Tradewinds Plantation Services Sdn Bhd and promoted to the position of Senior General Manager. In 1999, he became the Executive Director of Tradewinds Plantation Services Sdn Bhd. In 2002, he joined Lembaga Tabung Haji as its Plantation Director. He was the Managing Director of TH Plantations Berhad from 2003 to 2009.

Dato' Rashidi holds directorships in several companies, namely TH Plantations Berhad Group of Companies, Loh & Loh Corporation Berhad and Tadmax Resources Berhad.

There are no other matters relating to the new director which would require disclosure under Listing Rule 9.6.13R.

(3)  Mr. Rosely Kusip was appointed to the Board of Directors of Sime Darby Plantation Sdn Bhd on 31 December 2010. He obtained his Diploma in Agriculture from the College of Agriculture Malaya, Serdang in 1972.

Mr. Rosely has over 40 years of plantation experience. He commenced his career with Kumpulan Guthrie Berhad by joining Highlands & Lowlands Berhad in 1972 as an Assistant Manager. In 1982, he was promoted to Estate Manager and appointed as the Regional Controller in 1994.

In 1996, he was promoted as the General Manager of Plantation Division in Kumpulan Guthrie Berhad. Subsequently, he was assigned to Indonesia as the President Director to lead Minamas Plantation. In 2003, he joined TSH Resources Berhad as the Group Plantation Director. In 2006, he assumed the position of Managing Director of IMC Plantation (Indonesia) of IMC Pan Asia Alliance Pte Ltd. In 2009, he set up his own investment holding company, Erka Inc, to jointly develop a barging business in Indonesia through PT. Gebari Medan Segera, which is involved in the barge transportation of crude palm oil, coal and providing offshore services. He is also currently employed as an Operations Director of Terence Corp Sdn Bhd on project basis.

Mr. Rosely holds directorships in several other public companies namely Innoprise Plantations Berhad and Chemara Palmea Holdings Berhad.

There are no other matters relating to the new director which would require disclosure under Listing Rule 9.6.13R.

(4)  Tan Sri Dato' Seri Mohd Bakke Salleh is the President & Group Chief Executive (PGCE) of Sime Darby Berhad. He was appointed to the Board of Sime Darby Berhad as an Executive Director on 16 November 2010. He is also a Director of Sime Darby Plantation Sdn Bhd.

Tan Sri Dato' Seri Mohd Bakke holds a Bachelor of Science (Economics) degree from the London School of Economics, United Kingdom. He is a Fellow of the Institute of Chartered Accountants in England and Wales and a member of the Malaysian Institute of Accountants.

Tan Sri Dato' Seri Mohd Bakke was the Acting PGCE of Sime Darby Berhad and later assumed the position of PGCE on 27 November 2010. He also sits on the Boards of Eastern & Oriental Berhad, Sime Darby Property Berhad, Yayasan Sime Darby, Northern Corridor Economic Region and Malaysian Industry-Government Group for High Technology. Tan Sri Dato' Seri Mohd Bakke was the Group President & Chief Executive Officer of Felda Global Ventures Holdings Berhad and had also served as the Group Managing Director of Felda Holdings Berhad, Group Managing Director and Chief Executive Officer of Lembaga Tabung Haji and a Director, Property Division of Pengurusan Danaharta Nasional Berhad.

Tan Sri Dato' Seri Mohd Bakke has also worked with several subsidiaries within the Permodalan Nasional Berhad Group. He was the Managing Director of Federal Power Sdn Bhd, Managing Director of Syarikat Perumahan Pegawai Kerajaan Sdn Bhd and Group General Manager of Island & Peninsular Group.

There are no other matters relating to the new director which would require disclosure under Listing Rule 9.6.13R.

(5)  Datuk Franki Anthony Dass was appointed as the Executive Vice President of Plantation Division, Sime Darby Berhad on 1 December 2010 and was appointed to the Board of Directors of Sime Darby Plantation Sdn Bhd on 31 December 2010.

He holds a Bachelor of Science degree majoring in Agriculture from Universiti Pertanian Malaysia and has attended various management programmes and MBA programmes at the Asian Institute of Management and Malaysian Institute of Management.

Datuk Franki has over 30 years of plantation experience. He started his career as an Assistant Manager in Kumpulan Guthrie Berhad in 1980. After serving in various postings across Malaysia, he became the General Manager in 2002 and was promoted to Chief Operating Officer of PT Minamas Gemilang in Indonesia in 2004. Subsequently, he was appointed as the Acting Executive Vice President, Plantation Division of Sime Darby Berhad in May 2010 before assuming his current role as the Executive Vice President of Plantation Division.

There are no other matters relating to the new director which would require disclosure under Listing Rule 9.6.13R.

Mr Nick Thompson, Chief Executive Officer of NBPOL, commented:

"On behalf of the NBPOL Board, shareholders and employees, we thank Mr. Antonio Monteiro de Castro, Dato' Kamaruzzaman Abu Kassim and Mr. Ahamad Mohamad for their valuable contribution to our Company over many years.  We wish each of them well for the future.

At the same time, we welcome our new directors and look forward to continued growth and success as part of the Sime Darby family."

Enquiries:

Website: www.nbpol.com.pg

Notes to editors:

NBPOL is a large scale integrated industrial producer of sustainable palm oil in Australasia, headquartered in Papua New Guinea ('PNG'). It has over 79,800 hectares of planted oil palm estates, over 7,700 hectares of sugar cane and a further 9,200 hectares of grazing pasture; twelve oil mills; two refineries, one in PNG, and one in Liverpool, UK; and a seed production and plant breeding facility. The Company is listed on both the Main Market of the London Stock Exchange and on the Port Moresby Stock Exchange in PNG.

NBPOL is fully vertically integrated, producing its own seed (which it also sells globally), planting, cultivating and harvesting its own land, and processing and refining palm oil (both in PNG and the UK). It also contracts directly with its end customers in the EU and arranges shipping of its products.

NBPOL has high regard for the importance of its sustainability credentials. It has achieved 100% certification of all estates, mills and smallholders to the Roundtable on Sustainable Palm Oil ('RSPO') standard. NBPOL continues to be active in proving its performance through its certification to ISO 14001 and its close involvement with other innovative initiatives. The Company is a certified supplier of sustainable palm oil from its entire production base in PNG and Solomon Islands, under the RSPO guidelines.

- ENDS -