Olam International Limited ("Olam" or the "Company") has today commenced a share buyback programme (the "Share Buyback Programme") pursuant to its share buyback mandate (the "Share Buyback Mandate") renewed at the Annual General Meeting of the Company on 28 October 2011. Under the Share Buyback Mandate for market purchases, Olam may purchase up to 10.0% of its total number of issued shares (excluding treasury shares) (the "Shares"), or up to 244,230,986 Shares, at a maximum price of 105% of the average closing price of the last 5 market days at the time of acquisition. All Shares purchased under the Share Buyback Programme may be held as treasury shares or cancelled, as the Company may decide from time to time.
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