Press Release

Singapore

On the back of reverse investor interest, global food and agri-business Olam International Limited (“Olam”) announced that it has priced a S$100 million reopening (“Reopening Offering” or “Tranche 3 Notes”) of its 4.00% fixed rate senior unsecured notes due 24 February 2026 (“Tranche 1 Notes”) via a private placement exercise. This increases the total bond size to a benchmark quantum of S$600 million. 

The Reopening Offering will be issued at par, plus accrued interest from the issue date of the Tranche 1 and Tranche 2 notes, and is scheduled to settle on 3 February 2021. 

Proceeds from the issuance will be used by Olam for debt refinancing and general corporate purposes. 

The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch acted as sole dealer for the Reopening Offering.  

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 27 January, 2021 on the same subject. 

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Important Notice 

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES 

This press release is not an offer of securities for sale in the United States or elsewhere. The Notes (as defined above) issued under the EMTN Programme 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 or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Accordingly, the Notes are being offered and sold only in offshore transactions as defined in and in reliance on Regulation S under the Securities Act. 

This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for or a sale of Notes in the United States or any other jurisdiction. 

 The Notes to be issued have not been, and will not be registered under the Securities Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. Neither this notice nor any portion hereof may be sent or transmitted into the United States or any jurisdiction where to do so is unlawful. Any failure to comply with these restrictions may constitute a violation of the United States securities law or the securities laws of any such other jurisdiction.