Acquisition of Asia Africa Rubber Industry S.A. (ASAF) to nearly double our rubber processing capacity in Côte d’Ivoire

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We have completed the acquisition of Asia Africa Rubber Industry S.A. (ASAF), expanding our rubber processing capacity in Côte d’Ivoire and enhancing our ability to serve rising global customer demand for responsibly sourced natural rubber.

ASAF adds 176,000 metric tonnes (MT) to our annual rubber processing capacity in Côte d’Ivoire, giving us both greater scale in the country and significantly improving our operational efficiency and supply reliability. The acquisition is expected to unlock synergies across our global logistics, supply chain, trading and marketing network, strengthening the supply of responsibly sourced rubber to key export markets. It also increases access to international rubber customers through ASAF's existing strategic customer partnerships. Côte d'Ivoire has grown into the world's third-largest producer of natural rubber and exporter of TSR, driven by a significant scale-up of rubber cultivation and local processing capacity.

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Our integrated rubber business extends across the rubber value chain and spans trading, processing, and marketing. With deep expertise in rubber processing, we operate state-of-the-art smart factories in Côte d’Ivoire with trading and marketing offices in Singapore, Shanghai, Bangkok, Jakarta and Ho Chi Minh City, supporting global trade flows of over 750,000 MT annually. We offer traceable, sustainable products, delivering multiple grades of natural rubber to meet diverse customer needs and serving the majority of the top tyre makers globally.

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Acquisition of Asia Africa Rubber Industry S.A. (ASAF) to nearly double our rubber processing capacity

The acquisition advances our commitment to grow our sustainable, traceable natural rubber business. Additional processing capacity and greater control over origination in Côte d'Ivoire enables us to extend plot-level traceability and responsible-sourcing standards. This will support our customers’ due-diligence and deforestation-free supply chain requirements as regulatory and buyer expectations continue to rise.

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The acquisition of ASAF marks an important milestone for our rubber business. Over the past five years, we have expanded processing capacity in Côte d’Ivoire more than four-fold through sustained investment across the value chain. ASAF builds on that progress and reflects our long-term commitment to investing in the country. As demand for traceable and responsibly sourced natural rubber continues to grow, we are well-positioned to provide customers with the quality, consistency and service they require.

Ashok Hegde,

CEO – Fibre, Agri Industrials & Ag Services, Olam Agri

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ASAF is a strong strategic fit with our rubber operations in Côte d’Ivoire. Its processing operations, sourcing network and customer relationships complement our business, improving efficiency, deepening our capabilities across the value chain and broadening our reach in key markets. We are excited to welcome ASAF’s employees into Olam Agri and to build on the solid foundations ASAF has established over time.

Vijeth Shetty,

Global Head for Rubber Business, Olam Agri

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