Press Release

Olam International Limited (“Olam’’ or “the Company”), a leading agri-business operating across the value chain in 65 countries, announced today that it has secured a revolving credit and term loan facility (the “Facility”) aggregating US$1,000 million.

The Facility consists of two tranches, a US$850 million 364-day revolving credit facility and a US$150 million 5-year term loan.

Proceeds from the Facility will be applied towards refinancing of existing debt and meeting working capital and general corporate funding requirements of the Company.

The Company has appointed Australia and New Zealand Banking Group Limited, Banco Bilbao Vizcaya Argentaria S.A., Singapore Branch, The Bank of Nova Scotia Asia Limited, The Bank of Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas (acting through its Singapore branch),  Commerzbank AG, Singapore Branch, Commonwealth Bank of Australia, Singapore Branch Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., Singapore Branch, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, Intesa  Sanpaolo S.p.A., Singapore Branch, JPMorgan Chase Bank, N.A., Singapore Branch, The Korea Development Bank, The Korea Development Bank, Singapore Branch, Mizuho Bank, Ltd., Singapore Branch, National Australia Bank Limited, Natixis, Singapore Branch, Standard  Chartered Bank, Sumitomo Mitsui Banking Corporation, Singapore Branch and Westpac Banking Corporation as mandated lead arrangers (“MLAs”) for the Facility.

Olam’s Executive Director of Finance and Business Development, A. Shekhar said: “This refinancing is a part of our proactive capital management strategy of diversifying our debt portfolio and achieving an optimum mix of tenor and overall borrowing cost. We would like to thank our banking partners for their strong support and continuing commitment for this transaction.”