Press Release

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This press release is for information only and is not an offer to sell or the solicitation of an offer to buy securities and neither this press release nor anything herein forms the basis for any contract or commitment whatsoever. This press release is not an offer of securities for sale in the United States or elsewhere. Neither this announcement nor any copy hereof may be taken into or distributed in the United States.

Olam International Limited (“Olam’’), a leading agri-business operating across the value chain in 65 countries, has yesterday priced a S$400 million issuance (the “Notes”) under its updated US$5,000,000,000 Euro Medium Term Note Programme (the “EMTN Programme”).

The transaction attracted over 100 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 4.25%, was well within the initial guidance, in the region of mid 4% area, reflecting the quality of the order book.

The joint lead managers and joint bookrunners for the issuance are DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch and The Royal Bank of Scotland.

Shekhar Anantharaman, Olam’s Executive Director – Finance & Business Development said: “We are extremely pleased with the strong support shown by investors for our first issuance under the updated EMTN Programme. This is another step in our journey towards optimising our capital structure and achieving the right mix of debt maturity and pricing.”

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 16 July 2014 on the same subject.

Note: This press release is not for distribution, directly or indirectly, in or into the United States. This press release does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Notes mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or with any securities regulatory authority of any state or other jurisdiction of the United States. The Notes may not be offered, sold or delivered in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the applicable state securities laws. There will be no public offer of securities in the United States.