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NEW BRITAIN PALM OIL LIMITED

('NBPOL' or 'the Company')

Appointment of Financial Adviser 

New Britain Palm Oil Limited (LSE: NBPO), a large scale integrated industrial producer of palm oil in Australasia, is pleased to announce the appointment of a new adviser in order to assist with the future development of the Company.

Akur Partners, an independent corporate finance firm with an advisory specialisation in soft commodities and renewable power has been appointed financial adviser to the Company and will work alongside Liberum Capital, the Company's joint corporate broker.

Enquiries:

 

 

New Britain Palm Oil Limited             Nick Thompson Alan Chaytor David Dann	Tel: +44 (0)20 7554 1400
Akur Partners                 Andrew Dawber Tom Frost Anthony Richardson	Tel: +44 (0)20 7955 1513
Kreab Gavin Anderson              Ken Cronin                 Janine Brewis Anthony Hughes	Tel: +44 (0)20 7554 1400 Email: nbpol@kreabgavinanderson.co.uk

Website: www.nbpol.com.pg

Notes to editors:

New Britain Palm Oil is a large scale integrated industrial producer of sustainable palm oil in Australasia and is headquartered in Papua New Guinea ('PNG'). It has over 44,500 hectares of planted palm oil plantations and long term leases over 30,000 hectares of additional land, some of which will be converted to palm oil, six oil mills, a refinery and a seed production and plant breeding facility. The Company is quoted 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) and planting, 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.  

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'). In September 2008, NBPOL announced that its operations in Papua New Guinea were officially certified by the RSPO as conforming to RSPO Principles and Criteria on sustainability.

Akur Partners is an independent corporate finance and equity capital markets advisory firm combining in-depth industry knowledge with extensive capital markets and mergers & acquisitions expertise. The firm enjoys an advisory specialisation in soft commodities and renewable power as well as in several other industrial sectors.

Liberum Capital is an investment bank whose core activities are the provision of research, sales, trading and market making in European equities together with corporate finance activities.

 

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