Press Release

    Olam International Limited Prices Its Debut Benchmark SGD Bond Issuance Under Its Recently Established US$2,000,000,000 Euro Medium Term Note Programme

    Press release

    Singapore, July 10, 2012 – Olam International Limited (“Olam” or the "Company"), a leading global, integrated supply chain manager and processor of agricultural products and food ingredients, has yesterday priced a S$350 million issuance under its recently established US$2,000,000,000 Euro Medium Term Note programme (the “EMTN Programme“). This will be Olam’s debut issuance under the EMTN Programme.

    The EMTN Programme provides an integrated financing platform for Olam in the bond markets, allowing Olam to issue notes, including perpetual securities, from time to time.

    The establishment of the EMTN Programme is in line with Olam’s long-term funding strategy to provide maximum flexibility and efficient timing to access the capital markets. In line with the above, Olam priced a benchmark SGD issuance with a 7-year maturity, further extending its debt maturity profile.

    The transaction attracted over 60 investors across private banking, institutional accounts and banks, with an oversubscribed order book. In terms of geographical distribution, the allocation was primarily to Singapore based investors. The transaction, which priced at a final coupon of 5.8%, was well within the initial guidance, in the region of 6%, reflecting the quality of the order book.

    The Joint Arrangers and Dealers for the EMTN Programme are DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch and Standard Chartered Bank, and the debut issuance is led by the same banks.

    Shekhar Anantharaman, Olam’s Executive Director – Finance & Business Development said: “This marks our largest SGD bond issue to date and we are also pleased to have priced our debut transaction under our recently established EMTN Programme in our home market. The EMTN Programme provides Olam with an efficient financing mechanism and will enable the Company to access the capital markets in a swift and efficient manner going forward.”

    About Olam International Limited

    Olam International is a leading agri-business operating across the value chain, supplying various products across 16 platforms to over 13,600 customers worldwide. From a direct presence in more than 65 countries with sourcing and processing in most major producing countries, Olam has built a global leadership position in many of its businesses. Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam 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, 2010 and 2012 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 www.olamgroup.com.

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