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Date: Friday 22 Aug 2008

LONDON (ShareCast) - In a very quiet week for IPO’s, Equatorial Palm Oil has moved its admission date from August to mid-September.

The group, which plans to raise £15m on AIM, is focused on becoming a global, sustainable, low-cost producer of crude palm oil via plantations based in Liberia.

Through negotiations with the government of Liberia and plantation vendors in Liberia, Equatorial Palm Oil has secured contracts for over 10,200 hectares of existing oil palm plantations and a further 78,548 hectares of agricultural land for development into oil palm plantations.

In addition, the group has entered into a memorandum of intent to establish a joint venture to develop oil palm plantations over at least 80,000 hectares.

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