Olam International Limited ("Olam" or "the Company"), a leading agri-business operating across the value chain in 65 countries, announced today that it has secured revolving credit and term loan facilities (the "Facilities") aggregating US$2,475 million.

The Facilities consist of three equal tranches of US$825 million each, a 364-day revolving credit facility, a 2-year revolving credit facility and a 3-year term loan.

Proceeds from the Facilities will be applied towards refinancing of existing debt and meeting working capital and general corporate funding requirements of the Company.

The Company has appointed Australia and New Zealand Banking Group Limited, Barclays Bank PLC, Banco Bilbao Vizcaya Argentaria S.A., BNP Paribas, Commerzbank AG, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch, ING Bank N.V., Singapore Branch, JPMorgan Chase Bank, N.A., Singapore Branch, Mizuho Bank, Ltd., National Australia Bank Limited, NATIXIS, Singapore Branch, The Royal Bank of Scotland Plc and Standard Chartered Bank as senior mandated lead arrangers ("SMLAs") and Commonwealth Bank of Australia, Singapore Branch, Credit Suisse AG, Singapore Branch, Deutsche Bank AG, Singapore Branch, Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (trading as Rabobank), Singapore Branch and Westpac Banking Corporation, as mandated lead arrangers ("MLAs") for the Facilities.

Olam's Executive Director of Finance and Business Development, A. Shekhar said: "We are extremely pleased with the strong support and continuing commitment from our banking partners for this transaction. This multi-tranche facility will be used primarily to refinance existing short-term debt and replace it with a combination of short and medium term financing as part of our ongoing efforts to optimise our borrowing mix."

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