New Britain Palm Oil Limited : Directorate Change

New Britain Palm Oil Limited

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20 January 2014

New Britain Palm Oil Limited

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

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

New Britain Palm Oil Limited (LSE: NBPO), one of the world's largest fully integrated producers of sustainable palm oil, is pleased toannounce the appointment of Mr Ernie Gangloff as an independent non-executive director of the Company with immediate effect.

Mr Gangloff will also join the Audit and Remuneration Committees upon appointment, and will become chairman of the Audit Committee.

Mr Gangloff commenced his career in 1982 working for various private sector organisations in Papua New Guinea before being employed by the Kramer Group in 1988 where he moved to the position of Finance Director.  As Finance Director he oversaw the financial management of the Kramer Group's operations in PNG, Vanuatu, Solomon Islands, Tonga and Australia.  Mr Gangloff joined Deloitte in 2002 and initially provided accounting services to private sector clients before transferring to the Risk Management Services Division. He was appointed as a Partner of the firm in 2011 responsible for the Risk Management and Consulting Services Division.  Mr Gangloff commenced private practice as Gangloff Consulting in mid 2013.

Antonio Monteiro de Castro, Chairman, commented:

"We are delighted to welcome Ernie to the Board of New Britain Palm Oil Limited. I am confident he will make a significant contribution to the Board and the Audit and Remuneration Committees. His expertise in accounting and finance, together with his three decades of experience in Papua New Guinea, will prove extremely valuable to the Company."

Mr Gangloff currently serves as an independent non-executive director of Bank of South Pacific Limited, an entity listed on the Port Moresby Stock Exchange.  There are no other matters relating to the new director which would require disclosure under Listing Rule 9.6.13R.

Enquiries:

New Britain Palm Oil Limited Nick Thompson (Chief Executive Officer) Alan Chaytor (Executive Director) Amir Mohareb (Chief Financial Officer) Ben Oakley (Corporate Development and IR)	Tel (UK): [phone] Tel (Singapore): [phone]
Newgate Communications (PR Adviser) James Benjamin Clotilde Gros Georgia Lewis	Tel: [phone] Email:[e-mail]

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 78,000 hectares of planted oil palm estates, over 7,700 hectares of sugar cane and a further 9,200 hectares of grazing pasture; twelve oil mills; two refineries, one in PNG, and one in Liverpool, UK; and a seed production and plant breeding facility. The Company is listed 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 its entire production base in PNG and Solomon Islands, under the RSPO guidelines."

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This information is provided by RNS

The company news service from the London Stock Exchange

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