End of Period Update

NEOS Resources plc ("NEOS" or the "Company")

End of period update

The Directors of NEOS, the processor of non edible oil seed complexes in India, are pleased to announce an update in respect of the 18 month period ended 30 June 2012.

During the period, NEOS, which has traditionally processed crude Jatropha oil ("CJO"), successfully trialled the procurement and processing in India of the non edible oil seeds Castor, Neem, Pongamia and Mahua. As a result, NEOS commenced in the period the procurement, processing and sale of oil derived from Castor, Neem and Pongamia.

NEOS is currently discussing the sale of very significant quantities of CJO to several major European businesses. As a result of these discussions, the Board decided in April 2012 to reduce its ongoing processing of CJO, so that NEOS would be able to fulfil the potential supply requirements of these European businesses.

The table below sets out, for the principal categories of seed, the volumes of oil processed and sold, and the average raw material and processing cost and average sale price over the 12 months ended 30 June 2012:

During the period, the mill utilisation rate was approximately 32 per cent. The Board believes that achieving a target mill utilisation of 90% will significantly reduce the average processing per tonne.

NEOS announced on 13 March 2012 that central costs had been reduced to approximately £90,000 per month. The Board is pleased to announce that this rate was maintained for the remainder of the period to 30 June 2012 and that it expects that the rate will decline further to £75,000 per month with effect from July 2012.

NEOS' cash and cash equivalents and term deposits at 30 June 2012 amounted to £1.53 million.

The Company expects to issue its preliminary results for the eighteen months ended 30 June 2012 by no later than 31 October 2012.

Commenting on the update, Steven Rudofsky, Executive Chairman of NEOS, stated: "The Board is delighted with the progress achieved by the Company. Although, as explained in the end of period update, we restricted processing of CJO in the latter stages of the period, NEOS now has sufficient working capital and crushing capacity to process significantly increased quantities of non edible seed oil. In addition there are significant supplies of feedstock available in the market.

The Board is now confident that the Indian operations will trade profitably in the year ending 30 June 2013, which, in view of the reduced overhead base, will lead to a significant improvement in the group's overall performance".

Enquiries:

NEOS Resources plc

Steven Rudofsky +44 (0) 20 7499 5626

WH Ireland

Chris Fielding +44 (0) 20 7220 1666