notice-of-a-directors-including-a-director-who-is-a-substantial-shareholder-interest-and-change-in-interest-9

SGX Filings 17^th Feb, 2010

Part I

Date of notice to issuer

17/02/2010

Name of Director

Sunny George Verghese

Notice Type

Notice of a Director’s (including a director who is a substantial shareholder) Interest and Change in Interest.

Part II

Date of change of Interest

17/02/2010

Name of Registered Holder

Sunny George Verghese

Circumstance(s) giving rise to the interest or change in interest

# Others

Acceptance of share options granted under the Olam Employee Share Option Scheme

Date of grant : 17 February 2010

Information relating to shares held in the name of the Registered Holder

No. of Options held before the change	15,000,000
As a percentage of issued share capital	0.74 %
No. of Options which are subject of this notice	15,000,000
As a percentage of issued share capital	0.74 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received	0
No. of Options held after the change	30,000,000
As a percentage of issued share capital	1.48 %

Part III – Not Required

Part IV

Holdings of Director, including direct and deemed interest :

	Direct	Deemed
No. of shares held before the change	15,000,000	0
As a percentage of issued share capital	0.74 %	0 %
No. of shares held after the change	15,000,000	0
As a percentage of issued share capital	1.49 %	0 %
Footnotes	Where reference is made to shares, it shall refer to Options granted pursuant to the Olam Employee Share Option Scheme. The exercise price of the Options which are the subject of this notice is $2.35. The number of shares held by Sunny George Verghese to date in the Company is 89,574,893, representing 4.44% of the total issued shares of the Company. The percentage of issued share capital is based on 2,018,655,981 shares as at 17 February 2010.