26 Jun 2009 11:07
Biofutures International plc ("Biofutures" or the "Company")
26 June 2009
Notice of Arbitration Issued
The Company announces that its wholly-owned subsidiary, Zurex Corporation Sdn Bhd ("Zurex"), issued a Notice of Arbitration to JJ-Lurgi Engineering Sdn Bhd ("JJ-Lurgi") on 24 June 2009 under which the dispute between Zurex and JJ-Lurgi in connection with the contract between them dated 26 January 2007 for the supply of components for the construction of a 200,000 tonnes per annum palm oil biodiesel plant at Lahad Datu, Sabah, Malaysia (the "Contract") is to be referred to the Regional Centre for Arbitration, Kuala Lumpur in accordance with the terms of the Contract.
Further announcements regarding the progress of the arbitration will be made in due course.
Enquiries:
Julie Pomeroy, Finance Director - Biofutures International plc tel: 07936 848 343
Derek Crowhurst - Blomfield Corporate Finance Limited tel: 020 7489 4500
Daniel Briggs - Religare Hichens, Harrison plc tel: 020 7382 7776