Press Release

The attention of Olam International Limited (the “Company”) has been drawn to a Reuters news wire report dated 23 September 2010 citing a French newspaper, Les Echos, which reported that Louis Dreyfus, a global commodity trading house, is considering, among other matters, a merger with the Company. The Company wishes to inform shareholders that it had engaged in preliminary confidential discussions with Louis Dreyfus Commodities in relation to a possible business collaboration (the “Possible Collaboration”) which may take the form of, among others, a merger. The Company wishes to emphasise that discussions are still preliminary and that no definitive agreements in relation to the Possible Collaboration
have been entered into as at the date of this announcement, and the Possible Collaboration may or may not proceed.

The Company constantly reviews corporate development opportunities which are in line with its corporate growth strategy. Some of these are in the nature of acquisitions and joint ventures. The Company is currently in discussions with various parties on such opportunities. These opportunities are still at various stages and there is no certainty that any of them will materialise.

The Company will keep the shareholders informed if there is any material development by making the appropriate announcement in compliance with the listing rules of the Singapore Exchange Securities Trading Limited.

Shareholders and potential investors of the Company are advised to refrain from taking any action in respect of their shares in the Company which may be prejudicial to their interests and to exercise caution when dealing in the shares of the Company.

By Order of the Board

Neelamani Muthukumar
Senior Vice President, Head – Corporate Affairs

24 September 2010