Olam International : reports record Operational PATMI for H1; Re-organisation progresses with OFI listing venues decided

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¹ Operational PATMI is Net Profit After Tax and Minority Interest excluding exceptional items, which are one-off and non-recurring

² Refer to news release at https://www.olamgroup.com/news/all-news.html entitled 'Olam International announces Olam Food Ingredients' intention to seek primary listing on the London Stock Exchange, with concurrent listing in Singapore'

³ Consisting of the Cocoa, Coffee, Nuts, Spices and Dairy businesses, OFI is made up of two segments - Global Sourcing and Ingredients & Solutions.

⁴ Consisting of the Grains and Integrated Feed & Proteins, Edible Oils, Rice, Cotton, Rubber, Wood Products and Commodity Financial Services businesses, OGA has three segments - Food & Feed - Origination & Merchandising; Food & Feed - Processing & Value-added; and Fibre, Industrial & Ag Services.

⁵ As parent company holding OFI and OGA until carve-out, IPO and demerger, OIL consists of De-prioritised/Exiting Assets, Gestating Businesses (Olam Palm Gabon, Packaged Foods, Infrastructure and Logistics business), and Incubating Businesses (Engine 2 growth platforms) segments. OIL financials are standalone financials and do not include the consolidation of OFI and OGA.

Notes to Editors

Re-organisation of Olam

Olam Group has been re-organised into two new operating groups Olam Food Ingredients ('OFI') and Olam Global Agri ('OGA') with the Company Olam International ('OIL') as parent holding the two groups until carve-out, IPO and demergers are completed.

OFI is a global leader at the forefront of food and beverage consumer trends, delivering sustainable, natural, and plant-based ingredients and solutions and serving large, attractive and high growth end-use categories.

OGA is a market leading and differentiated global food, feed and fibre agri-business with a particular focus in high-growth emerging markets with proven expertise, processing capabilities and a global origination footprint.

OIL plays a key role to unlock the full value of the Olam Group. OIL provides interim stewardship to the operating groups until carve-out, IPO and demergers are completed. In addition, it will responsibly divest the de-prioritised businesses and assets ear-marked for exit, nurture gestating businesses to full potential, incubate new engines for future growth, develop key cross cutting initiatives, and provide shared services to the new operating groups.

H1 2021 Financials for Olam Group Consolidated and Operating Groups