New Britain Palm Oil Limited : Result of GM and passing of resolution

30 January 2012

New Britain Palm Oil Limited

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

RESULT OF GENERAL MEETING

Further to the announcement on 9 January 2012, the Company announces that at the General Meeting ("GM") held earlier today, the Resolution was duly passed. The Resolution required the approval of not less than 75% of the votes cast by the Shareholders.

121,098,816 voted For the Resolution, 653 voted Against and 0 votes Abstained.

Over 99.9% of the votes cast were in favour of the Resolution and 83.52% of the total issued share capital voted.

As the Resolution proposed to the GM was duly passed, the Board of New Britain Palm Oil Limited (LSE: NBPO.L), one of the world's largest fully integrated producers of sustainable palm oil, now has authority from the Company's shareholders to disapply pre-emption rights for a potential new issue of shares of up to a maximum of five per cent. of the current issued share capital of the Company.

The Company looks forward to updating the market in due course on any new issue of shares as noted in the announcement on 9 January 2012.

All capitalised terms are as defined in the Circular.

Enquiries:

New Britain Palm Oil Limited	Tel: [phone]
Nick Thompson Alan Chaytor
Kreab Gavin Anderson (PR Adviser)	Tel: [phone]
James Benjamin Clotilde Gros Richard Constant	Email:[e-mail]
Akur Partners LLP (Financial Adviser)	Tel: [phone]
Andrew Dawber Tom Frost
Liberum Capital	Tel: [phone]
Simon Atkinson Tom Fyson
Deutsche Bank AG	Tel: [phone]
Charles Wilkinson Rupert Green

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 75,000 hectares of planted oil palm estates, a further 5,000 hectares under preparation for oil palm, over 8,000 hectares of sugar cane and a further 9,500 hectares of grazing pasture (some of which will be converted to oil palm in due course); eleven oil mills; two refineries, one in PNG, and one in Liverpool, UK; 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), 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 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 Company is a certified supplier of sustainable palm oil from the entire production base in West New Britain Province in PNG, at RAIL in PNG, and from its entire Solomon Islands estate, under the RSPO guidelines.

In September 2011, the World Economic Forum ('WEF') identified New Britain Palm Oil Limited as one of 16 out of a study of 1,000 companies from across the developing world that are best showing how to grow profits at the same time as actively tackling environmental and social challenges.  Describing NBPOL, the WEF report says that "the company has developed new ways to engage small farmers, who provide one-third of the company's supply.  These close ties have not only helped to reduce poverty, but also enabled the company to develop one of the world's first fully traceable palm oil supply chains."

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