Olam: Incorporation of Subsidiary

Nov. 13 - Olam International Limited (the "Company") wishes to announce that the Company has incorporated a subsidiary in the Republic of The Gambia known as Multipro Gambia Limited ("Olam Gambia") with an authorized capital of GMD1,000,000 divided into 10,000 shares of GMD100 each and initial paid-up capital of GMD100,000 (approximately SGD7,300) divided into 1,000 shares of GMD100 each.