17 December 2008

NEW BRITAIN PALM OIL LIMITED

('NBPOL' or 'the Company')

Appointment of Joint Corporate Broker

New Britain Palm Oil Limited (LSE: NBPO), a large scale integrated industrial producer of palm oil in Australasia, announces that it has appointed, with immediate effect, Liberum Capital as the Company's joint corporate broker, to work alongside Singer Capital Markets Limited.

Notes to editors

NBPOL is a large scale industrial producer of sustainable palm oil in Australasia, with over 44,500 hectares of planted palm oil plantations, six oil mills, a refinery and a seed production and plant breeding facility. It is quoted on the London Stock Exchange's main market under the ticker NBPO.L (commencement of dealing on 17 December 2007) and on the Port Moresby Stock Exchange in PNG.

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

The palm oil market is undergoing a period of rapid change with demand from the developing and urbanising Asian economies and the new biofuel industry driving a marked increase in demand for vegetable oil products, including palm oil.

NBPOL has some of the world's highest yielding plantations of palm oil and is currently achieving yields per hectare approximately 19 per cent. above the world average due, in the Directors' opinion, to the favourable natural environment in PNG, high quality genetic material and skilled management.

NBPOL has a high level of control over its entire supply chain, from the control and development of its genetic material, through planting, harvesting, processing and finally contracting with its end customers.

NBPOL has high regard for the importance of its sustainability credentials and is active in proving its performance through its certification to ISO 14001 and its close involvement and support of the Roundtable on Sustainable Palm Oil ('RSPO') - the RSPO has over 260 members, of which 12 are non-governmental organisations (including WWF and Oxfam).  NBPOL's Head of Research, Dr Simon Lord, is Vice President of the RSPO. In September 2008, NBPOL announced that its operations in New Britain have been  officially  certified by the RSPO as conforming to RSPO Principles and Criteria on sustainability. The RSPO's global sustainability standard defines how sustainable palm oil should be grown and verified and an assurance mechanism for traceability throughout the entire supply chain. Together, these measures represent the first ever sustainable commodity standard and, in essence, provide assurances on both the performance of the Company and the product NBPOL delivers to customers.

With all of its operations RSPO certified, NBPOL is now in a unique position to deliver 100%  certified  sustainable palm oil into Europe and, more importantly, will allow it to supply its own UK refinery once this has been completed.