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olam food ingredients (“ofi”) publishes further information for investors

Press ReleasesNov 19, 2021

ofi, a global leader in naturally good food & beverage ingredients has today published further information for investors prior to attending J.P. Morgan’s Best of British Seminar on 22 November 2021. ofi was created in early 2020 following the announcement of the re-organisation within Olam International Limited (“Olam”) to unlock and maximize its long-term value. ofi intends to seek a primary listing on the premium segment of the London Stock Exchange, and a concurrent secondary listing in Singapore in H1 2022.

‘Introduction to ofi for investors’ highlights ofi’s attractive portfolio and strong growth prospects, driven by a proven and repeatable growth model which is expected to deliver low to mid-single digit annual volume growth and mid to high-single digit annual EBIT growth in the medium-term. The presentation also reiterates ofi’s strong trading momentum in H1 2021, with year-on-year EBIT growth of 29.5% and continued EBIT margin expansion.

‘Introduction to ofi for investors’ also presents the new brand identity for ofi. Brought to life in ofi’s recent ad and dedicated website, the brand underlines ofi’s thrust and focus as it shakes up the market with fresh thinking and solutions that help food and beverage companies meet the growing consumer demand for natural, healthy, and sustainably sourced cocoa, coffee, dairy, nuts, and spices products.

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About ofi

ofi (olam food ingredients) is an operating group born out of Olam. ofi offers sustainable, natural, value-added food products and ingredients so that consumers can enjoy the healthy and indulgent products they love. It consists of industry-leading businesses of cocoa, coffee, dairy, nuts, and spices. ofi has built a unique global value chain presence including its own farming operations, farm-gate origination, and manufacturing facilities. ofi partners with customers, leveraging its complementary and differentiated portfolio of ‘on-trend’ food products, to co-create solutions that anticipate and meet changing consumer preferences as demand increases for healthier food that’s traceable and sustainable. To subscribe to the ofi newsroom, please visit www.ofi.com/news-and-events (privacy statement here). If you do not wish to receive information from ofi please contact media@ofi.com. Follow @ofi-group on LinkedIn.

About Olam Group

Olam Group is a leading food and agri-business supplying food, ingredients, feed and fibre to almost 22,000 customers worldwide. Our value chain spans over 60 countries and includes farming, processing and distribution operations, as well as a global network of farmers.

Through our purpose to ‘Re-imagine Global Agriculture and Food Systems’, Olam Group aims to address the many challenges involved in meeting the needs of a growing global population, while achieving positive impact for farming communities, our planet and all our stakeholders.

Headquartered and listed in Singapore, Olam Group currently ranks among the top 30 largest primary listed companies in terms of market capitalisation on SGX-ST. Since June 2020, Olam Group has been included in the FTSE4Good Index Series, a global sustainable investment index series developed by FTSE Russell, following a rigorous assessment of Olam’s supply chain activities, impact on the environment and governance transparency.

More information on Olam can be found at www.olamgroup.com.

Olam is located at 7 Straits View, Marina One East Tower #20-01, Singapore 018936.

Telephone: +65 63394100, Facsimile: +65 63399755.

Corporate Contacts

Nikki Barber

Global Head of Communications, ofi

nikki.barber@ofi.com

+44 7568 108555

Zoe Maddison

Sustainability communications manager, ofi

zoe.maddison@ofi.com

+ 44 7825 904234