R.E.A. Holdings plc announced that Mr. Mark Parry and Mrs. Irene Chia have agreed to be appointed to the board of the company, respectively as executive director and independent non-executive director, with effect from December 31, 2012. Mr. Parry joined the REA group in May 2011, as the group's regional director based in Singapore, becoming President Director of the group's principal operating subsidiary PT REA Kaltim Plantations in Indonesia in July 2012. After graduation, Mr. Parry worked for 10 years as a surveyor and engineer in the mining and oil and gas industries.

Mr. Parry spent 15 years with an international bank, ultimately as Managing Director, Project Finance, before establishing his own consultancy company which he ran for 2 years prior to joining REA. Mrs. Chia has extensive corporate, investment and entrepreneurial experience in Asia, the USA and the UK. A graduate in economics and formerly a director of one of the Jardine Matheson Group companies, Mrs. Chia is currently self-employed with Far Eastern interests in consulting, property and financial investment as well as in the charitable sector.

Also with effect from December 31, 2012, four long serving independent non-executive directors, Messrs Green-Armytage, Keatley, Letts and Lim, will retire from the REA board.