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Media Statement: FGV and PT Eagle High Deal

GROUP PRESIDENT / CHIEF EXECUTIVE OFFICER

Felda Global Ventures (FGV) would like to announce that the due diligence for the proposed acquisition of PT Eagle High Plantations (EHP) will be extended to 30 November 2015.

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FGV’s interview with Bloomberg on FGV-Eagle High Plantation proposed partnership

Part 1 of 4

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Why the Eagle High purchase is valuable to FGV and shareholders

Kuala Lumpur

Felda Global Ventures Holdings Bhd (FGV) would like to address the varied commentaries and reports that question its ability to deliver higher growth and profits for shareholders and transform to become the largest palm oil plantation in the world:

Share Price

1. Palm Oil prices and commodities in general, have taken a beating since 2014, retreating from a high of RM2,534 p/mt in Jan 2014 to RM2,302 p/mt in Jan 2015. It is currently trade at RM2229 p/mt as of 30 June 2015 (Source: Malaysian Palm Oil Council). (more…)

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