Olam International (Singapore): Informative Notice
Treatment in FTSE ST Index Series

19 May 2014

Breedens Investment (the Offeror, unlisted) has launched a voluntary conditional cash offer for all the remaining shares of Olam International (Singapore, B05Q3L4, O32) which it does not already own, with an expected offer closing date of 23 May 2014. The Offer is now unconditional.

In conjunction with the Offer Document dated 4 April 2014 and the Consortium Agreement between the Offeror and the Consortium Members to act in concert in relation to the Offer, FTSE, SGX and SPH's anticipated treatment is as follows:

Subject to the offer closing with the interests owned by the Offeror and its Concert Parties above 85%, Olam International will be deleted from Straits Times Index and the broader FTSE ST Index Series at its last traded price with T+5 notice. In accordance with Ground Rule section 6.2.2, the vacancy will be filled by selecting the highest ranking security by full market value in the appropriate Reserve List.

In the event that the offer closes with the interests owned by the Offeror and its Concert Parties below 85% and Olam International remains its trading on SGX-ST, Olam International will remain in the index with a change to its investability weighting to reflect the resultant of acceptance levels.

FTSE will issue a further notice to confirm expected treatment in due course.

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