Re-organisation of Olam: Next steps slide image

Re-organisation of Olam: Next steps

Re-organisation of Olam: Next steps ofi make it real Plan primary listing on the premium segment of LSE and a concurrent listing in Singapore¹ to take place following the Olam Agri IPO, subject to prevailing market conditions. Olam Agri Plan dual listing of Olam Agri as early as H1 2023 with primary listing on mainboard of SGX and a possible concurrent listing on the Saudi Exchange of the Kingdom of Saudi Arabia, subject to prevailing market conditions We are aiming for an IPO size of approximately US$600- 700 million in primary proceeds and US$300-400 million in secondary proceeds, subject to market conditions and other relevant factors. Olam Agri is planning a target dividend payout ratio of up to 50% of profits after tax attributable to its shareholders, to be paid semi-annually. This is consistent with its target to achieve a net gearing ratio of approximately 2.0 times net debt to equity or 1.0 time on adjusted net debt to equity basis, after adjusting net debt for readily marketable inventories and secured receivables. Olam Olam Remaining Olam Group On completion of Olam Agri, ofi IPOs, the Group will remain listed on the SGX with OGH, Olam Ventures and MindSprint as its businesses. Continue to responsibly divest de-prioritised assets marked for exit and partially/fully monetise gestating assets to reduce leverage. Evaluate various strategic options for Olam Ventures and MindSprint. 'Any listing and demerger, including the timing, venues and other terms thereof, are subject to inter alia prevailing market conditions, all requisite approvals and clearances from regulatory authorities, and relevant approvals of shareholders. It is also subject to final decision by Olam Group board. Shareholders should note that there is no certainty or assurance that the listing and demerger of Olam Agri and ofi will take place. Extraordinary General Meeting | March 29, 2023 8
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