Press Release

    Holding Announcement

    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

    About Olam International Limited
    Olam International is a leading global integrated supply chain manager and processor of agricultural products and food ingredients, sourcing 20 products with a direct presence in 64 countries and supplying them to over 10,600 customers. With direct sourcing and processing in most major producing countries for its various products, Olam has built a global leadership position in many of its businesses, including cocoa, coffee, cashew, sesame, rice, cotton and wood products. Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam currently ranks among the top 40 largest listed companies in Singapore in terms of market capitalisation and is a component stock in the Straits Times Index (STI), MSCI Singapore Free, S&P Agribusiness Index and the DAXglobal Agribusiness Index. Olam is the only Singapore firm to be named in the 2009 Forbes Asia Fabulous 50, an annual list of 50 big-cap and most profitable firms in the region. It is also the first and only Singapore company to be named in the 2009 lists for the Global Top Companies for Leaders and the Top Companies for Leaders in the Asia Pacific region by Hewitt Associates, the RBL Group and Fortune.

    More information on Olam can be found at

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