Equatorial Palm Oil plc Interim Results -4-

As at 30 June 2013 the following warrants to subscribe for Ordinary shares were outstanding:

 
  Category                         Over Number of Shares         Expiry Date 
  Apr-15 Warrants, exercisable                11,950,000        6 April 2015 
   at 15.0p 
  Apr-14 Warrants, exercisable                11,950,000        7 April 2014 
   at 12.5p 
  5yr Warrants, exercisable                    2,198,757    26 February 2015 
   at 17.5p 
  3yr Warrants, exercisable                            -    26 February 2013 
   at 17.5p 
  2yr Warrants, exercisable                            -    26 February 2012 
   at 17.5p 
  Total                                       26,098,757

Share options

Details of the options outstanding during the Period are as follows:

 
                          Outstanding         Issued      Exercised      Outstanding    Exercisable 
                                   at         during     during the               at             at 
                            1 January     the period         period     30 June 2013        30 June 
                                 2013                                                          2013 
----------------------  -------------  -------------  -------------  ---------------  ------------- 
  Options exercisable 
   at 17.5p                 9,770,200              -              -        9,770,200      7,477,650 
 
   7.     Events after the reporting period

Default notice issued to Biopalm Energy Limited

On 8 July 2013, the Company announced that it issued a written notice to Biopalm setting out that Biopalm is in material breach of its obligations under the Investment Agreement.

On 14 August 2013, the Company announced that no resolution of the dispute had taken place and that the next step for dispute resolution was to seek resolution by arbitration.

Placing and Loan

The July Raise, as detailed above, provided funds, in aggregate, of US$4,828,546.