Asian Plantations Limited (LSE: PALM), a palm oil plantation company with operations in Malaysia, announces that 23,000 options have been exercised into new ordinary shares of no par value ("Ordinary Shares") in APL at a subscription price of SGD$1.55 per share.

Application has been made for the 23,000 new Ordinary Shares to be admitted to trading on AIM, which is expected to occur on Monday 30 April 2012.

The Company's total ordinary share capital following the admission of the new Ordinary Shares will be 46,197,751 Ordinary Shares.

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