Repayment of Term Loan (2258B)

TIDMPAL

RNS Number : 2258B

Equatorial Palm Oil plc

12 April 2012

EQUATORIAL PALM OIL plc

("EPO" or the "Company")

Repayment of US$10 million Term Loan

Equatorial Palm Oil plc, (AIM: PAL), the AIM listed palm oil development company with operations in Liberia, announces that, further to the Company's announcement on 6 October 2011 and in accordance with its original terms, the US$10 million loan ("the Loan") made on 5 October 2012 by EPO's subsidiary, Liberian Palm Developments Limited ("LPD"), to Geoff Palm Limited, has been repaid in full. LPD has also received accrued interest of USD$250,684.93 and the arrangement fee of USD$100,000.

Following the repayment of the Loan, accrued interest and arrangement fee, no further liabilities or obligations exist between the parties to the loan agreement.

For further information, please contact:

 
 Equatorial Palm Oil plc 
  Michael Frayne (Chairman)                   +44 (0) 20 7766 
  www.epoil.co.uk                              7555 
 Strand Hanson Limited (Nominated Adviser)    +44 (0) 20 7409 
  James Harris / Paul Cocker                   3494 
 
 
 Mirabaud Securities LLP (Broker)               +44 (0) 20 7484 
  Peter Krens                                    3510 
 Pelham Bell Pottinger (Financial/ Corporate 
  PR)                                           +44 (0) 20 7861 
  Archie Berens / Philippe Polman                3126

This information is provided by RNS

The company news service from the London Stock Exchange

END

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