| Miscellaneous | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | OLAM INTERNATIONAL LIMITED |
| Company Registration No. | 199504676H |
| Announcement submitted on behalf of | OLAM INTERNATIONAL LIMITED |
| Announcement is submitted with respect to * | OLAM INTERNATIONAL LIMITED |
| Announcement is submitted by * | Suresh Sundararajan |
| Designation * | General Manager, Corporate Affairs |
| Date & Time of Broacast | 03-Sep-2007 18:15:41 |
| Announcement No. | 00105 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Announcement Title * | (1) INCORPORATION OF OLAM INFORMATION SERVICES PRIVATE LIMITED; (2) INCREASE IN INVESTMENT IN CARAWAY FOODS INTERNATIONAL SOUTH AFRICA (PROPRIETARY) LIMITED; AND (3) INCREASE IN INVESTMENT IN OUTSPAN COLOMBIA S.A. |
| Description | Olam International Limited (the "Company") wishes to announce the following: (1) INCORPORATION OF OLAM INFORMATION SERVICES PRIVATE LIMITED The Company has incorporated a new subsidiary in India known as Olam Information Services Private Limited ("Olam IS") with an authorized, issued and paid-up share capital of INR100,000 divided into 10,000 Equity shares of INR10 each. The principal activity of Olam IS is that of the provision of information technology services. (2) INCREASE IN INVESTMENT IN CARAWAY FOODS INTERNATIONAL SOUTH AFRICA (PROPRIETARY) LIMITED The Company has increased its investment in its wholly-owned subsidiary, Caraway Foods International South Africa (Proprietary) Limited from ZAR100 to ZAR43,550 through subscription of an additional 4,345,000 shares of ZAR0.01 each at ZAR1 per share fully paid. (3) INCREASE IN INVESTMENT IN OUTSPAN COLOMBIA S.A. The Company has increased its investment in its wholly-owned subsidiary, OUTSPAN COLOMBIA S.A. from COP3,000,000,000 to COP3,130,000,000 through subscription of an additional 130 shares of COP1,000,000 each at par per share fully paid. The above transactions were funded by internal resources and are not expected to have any significant impact on the financial position of Olam group for the current financial year. None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the above transactions. About Olam International Limited --------------------------------------- Olam is a leading global integrated supply chain manager of agricultural products and food ingredients. Today, the Group manages an integrated supply chain for 14 agricultural products with a direct presence in 52 countries, supplying these to over 3,800 customers in more than 55 destination markets, and employing over 6,300 employees worldwide. Headquartered in Singapore and listed on the SGX-ST on February 11, 2005, Olam currently ranks among the 40 largest listed companies in Singapore in terms of market capitalisation. It was recently named one of Singapore's top 10 globalised companies by International Enterprise Singapore in its third annual Singapore International 100 Ranking 2007. Olam is a component stock of the benchmark Straits Times Index from February 5, 2007. Additional information on Olam can be found on its website at www.olamonline.com. |
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