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Annual Report 2020

Unlocking long-term value and driving sustainable growth.

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Olam Food Ingredients accelerates its growth strategy with a transformative US acquisition

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We are a Purpose-led Company

We seek to re-imagine Global Agriculture and Food Systems, providing food, feed and fibre that is better for farmers, communities and our world.

Providing Food Feed and Fibre

Whether its working with coffee farmers in Africa, growing our almonds in Australia, or developing innovative cocoa and spice ingredients in the USA, we help our customers meet increasing consumer demands for sustainable sourcing and healthy foods.

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Across 6 continents, our farms, buying teams and processing facilities are based in key growing regions for more secure supply and access to markets.

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Living Our Purpose

With our sector facing huge challenges, we aim to re-imagine global agriculture so that it is better for the over 5 million farmers in our extended supply chain, their communities and our planet.

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Re-imagining Global Agriculture

Our Purpose extends beyond our own boundaries and is driven from the grass roots of our business.

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Young children studying in a community school for coffee growers in Africa, Tanzania, co-founded and supported by Olam.

Why Agriculture Needs Re-imagining

We have a responsibility to help create and sustain living landscapes.

Our Commitment During the COVID-19 Pandemic

As we navigate the different stages of the coronavirus pandemic and the consequent economic and social impacts across our different geographies, our number one priority will always be safeguarding and supporting our people - employees, as well as those in our communities.

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Catch up on the latest Olam news and delve into how we’re driving innovation and change through our blog series.

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Press release

18^th May, 2021

Olam Food Ingredients completes acquisition of Olde Thompson

OFI completes acquisition of Olde Thompson at an Enterprise Value (EV) of US$950 million Transformative US acquisition for OFI’s spices business, enabling further expansion of private label offerings across its portfolio Accelerates OFI's growth strategy of delivering sustainable, natural, value-added food ingredients and solutions Singapore Olam Food Ingredients (“OFI”)1 is pleased to announce that the acquisition of leading US private label spices and seasonings manufacturer Olde Thompson, previously announced on April 29, 2021, was successfully completed on May 17, 2021 at an EV of US$950 million. The acquisition builds on a 15-year partnership with Olde Thompson and marks a significant milestone for OFI’s spices business, which is an attractive and growing part of OFI’s overall portfolio. It also expands OFI's private label capabilities and enables the business to provide consumers with a comprehensive range of bold, authentic, natural taste and flavours with end-to-

News

2^nd Nov, 2020

Launch of digital initiative will strengthen support and engagement with rural communities in Republic of Congo

Operating in the north of the Republic of the Congo, Congoalise Industrielle des Bois has been present in the region since 1968. The Corporate Responsibility and Sustainability team of CIB have immense knowledge about the region. Every week they go out on the field to sensitise the communities and indigenous populations on various themes pertaining to health, safety, rights, and family related issues. Earlier this year, we launched Project OKA, where audio related to various topics was recorded in Lingala and Mbengele in questions-answers format, and saved in devices for the communities to listen. However, there is a human element in these visits that no device or technology can replace. When the members of the social teams return, they report their observations over discussions or emails to the team. This deep understanding of the region is always supported with pictures, videos, audio interviews. However, this fragmentation of the knowledge, and the loss in narrative when the emplo

Blog

11^th Jun, 2021

UN World Day Against Child Labour 2021: Putting children first in cocoa

By Andrew Brooks, Head of Cocoa Sustainability, Olam Food Ingredients (OFI) This week, the world’s attention turns to a heavy burden that can damage a child’s health and education: child labour. In OFI’s cocoa business, we are focused on solving this problem every day. Most child labour in cocoa relates to children carrying out hazardous tasks on the family farm, distinct from the much rarer issue of forced labour, and has no one cause. Labour laws can be misunderstood, and schools might be located far away. Even if there is a school nearby, children may not have the documents they need to enrol. When combined with rural poverty, many parents think their child’s time is best spent helping on the farm. And now, these cocoa-growing communities are also battling a global health pandemic. We’re working to tackle each of these challenges in turn. Under our Cocoa Compass sustainability ambition, we aim to completely eradicate child labour from our direct supply chain by 2030 and ens

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