Press Release

Olam International Limited (“Olam’’), a leading agri-business operating
across the value chain in 70 countries, today priced a benchmark US$300 million issuance of 5 year Senior Notes due 2021 (the “Notes”) under its US$5,000,000,000 Euro Medium Term Note Programme (the “EMTN Programme”).

The Notes were successfully priced following an intraday book-building exercise, and attracted diverse participation with over 65 investors placing orders, resulting in an over-subscribed orderbook. In addition to demand from private banking accounts, the Notes also saw strong participation from institutional investors such as fund managers and banks, which collectively were allocated 43% of the Notes. In terms of geographical distribution, approximately 87% was allocated to Asian investors, with the remainder allocated to European investors.

The Notes were priced at a final coupon of 4.50%, which was within the initial guidance. This transaction is in line with Olam’s long-term funding strategy of diversifying its borrowing mix across sources and tenors in a cost-effective manner.

The Joint Lead Managers and Joint Bookrunners for the Notes were Credit Suisse (Singapore) Limited, DBS Bank Ltd. and The Hongkong and Shanghai Banking Corporation Limited.

N Muthukumar, Olam’s Group CFO said: “We are very pleased with the outcome of this competitively priced USD issuance. The issuance was well received by both institutional investors and private banks across Asia and Europe.”

Note: This release should be read and understood only in conjunction with the full text of Olam International Limited’s announcement lodged on SGXNET on 5 April 2016 on the same subject.