Olam secures landmark US$5.2 billion financing as it progresses on its Re-organisation

Singapore

Leading global food and agri-business, Olam International Limited (“Olam’’) announced today that it has secured three committed loan facilities aggregating US$5.2 billion.

The three facilities comprise a US$1.2 billion 3-year term loan and two 18-month bridge loan facilities of US$2.0 billion each. The term loan facility will be used for general corporate purposes of the Olam Group while the bridge loan facilities will be used to facilitate Olam’s Re-organisation Plan.

This landmark transaction gives us significant flexibility to allocate financing across our three new operating groups as part of our Reorganisation Plan. We thank our banking partners for their strong commitment and support.

N Muthukumar

Olam’s Group CFO

The terms of the three facility agreements include provisions that allow Olam to allocate the facilities to Olam Food Ingredients (“OFI”), Olam Global Agri (“OGA”) and Olam International (“OIL”) operating groups post the carve-out, separation, demerger and IPO of OFI as per the Re-organisation Plan.

The term loan and one of the bridge loan facilities has entities from OFI as Co-Borrowers, while the second bridge loan has entities from OGA and OIL as additional Co-Borrowers. All facilities are guaranteed by Olam.

Citibank, JP Morgan Chase Bank, MUFG Bank Ltd. and The Hongkong And Shanghai Banking Corporation Limited (“HSBC”) participated as Senior Mandated Lead Arrangers for the facilities. HSBC is the Facility Agent.

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About Olam

Olam is a leading food and agri-business supplying food, ingredients, feed and fibre to over 19,800 customers worldwide. Our value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a sourcing network of an estimated 4.8 million farmers.

Through our purpose to ‘Re-imagine Global Agriculture and Food Systems’, Olam aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders.

Headquartered and listed in Singapore, Olam currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST.

More information on Olam can be found at www.olamgroup.com.

Olam is located at 7 Straits View, Marina One East Tower #20-01, Singapore 018936.
Telephone: +65 63394100, Facsimile: +65 63399755.

Issued on behalf of Olam by:

WATATAWA Consulting, 77 Robinson Road, Robinson 77 #33-00, Singapore 068896

Contacts for Olam Investor Relations

Aditya Renjen

Senior Vice President

+65 66031104, +65 96570339

aditya.renjen@olamnet.com

Chow Hung Hoeng

General Manager

+65 63179471, +65 98346335

chow.hunghoeng@olamnet.com

Contacts for WATATAWA Consulting

Josephine Chew

Managing Director

+65 90610353

jchew@we-watatawa.com

Ong Chor Hao

Deputy Director

+65 96272674

chorhaoo@we-watatawa.com

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