Wilmar International : Acquisition of 50% of Three-A (Qinhuangdao) Food Industries Co. Ltd by Wilmar

Issuer/ Manager

WILMAR INTERNATIONAL LIMITED

Securities

WILMAR INTERNATIONAL LIMITED - SG1T56930848 - F34

Stapled Security

No

Announcement Title

Asset Acquisitions and Disposals

Date & Time of Broadcast

05-Sep-2017 17:16:19

Status

New

Announcement Sub Title

Acquisition of 50% of Three-A (Qinhuangdao) Food Industries Co. Ltd by Wilmar

Announcement Reference

SG170905OTHR324T

Submitted By (Co./ Ind. Name)

Teo La-Mei

Designation

Company Secretary

Description (Please provide a detailed description of the event in the box below)

Further to the announcement dated 31 August 2010 by Wilmar International Limited ("Wilmar" or the "Company") on the establishment of a 50:50 joint venture company in China called Three-A (Qinhuangdao) Food Industries Co. Ltd ("3AQFI") held by Yihai Kerry Investments Co.

Ltd. ("YKI"), a wholly-owned subsidiary of the Company and Three-A Food Industries (M) Sdn Bhd ("3AFIM"), a wholly-owned subsidiary of Three-A Resources Berhad ("3A"), a company listed on Bursa Malaysia, in which the Company holds a 15.65% equity interest, the Company wishes to announce that YKI has entered into a Sale and Purchase Agreement ("SPA") with 3AFIM to acquire all of 3AFIM's equity interest in 3AQFI for a total cash consideration of RMB5 million, subject to the conditions stated in the SPA. The said consideration was arrived at on a willing seller-willing buyer basis.

The acquisition by YKI of the 50% interest in 3AQFI from 3AFIM, when completed, will have no material impact on the financial position of the Company.

None of the directors or substantial shareholders of the Company has

any interest, direct or indirect, in the above transaction other than through their shareholding interests in the Company.

Issued by

Wilmar International Limited 5 September 2017