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Olam News Release Singapore , August 13 , 2021 Olam reports record Operational PATMI¹ for H1 ; Re - organisation progresses with OFI listing venues decided Strong growth momentum from new Operating Groups • • H1 2021 Operational PATMI increased 116.0 % to $ 436.6 million , its highest since inception Reported PATMI for H1 2021 up 26.7 % , despite a high base a year ago from exceptional gains Strong EBIT growth ○ Olam Food Ingredients ( OFI ) : EBIT up 22.9 % O Olam Global Agri ( OGA ) : EBIT up 58.9 % Board of Directors declares interim dividend of 4.0 cents per share ( H1 2020 : 3.5 cents ) Continued progress on Re - organisation Plan OFI is seeking a primary listing on the premium segment of the London Stock Exchange with concurrent listing on the Singapore Exchange² ; the IPO and concurrent demerger of OFI remains on course for H1 2022 OGA is evaluating various strategies to maximise its long - term growth potential and value enhancement within the Group , including a potential IPO and concurrent demerger from the Group in H1 2023 H1 2021 Financial Highlights Revenue + 33.7 % YoY EBIT + 51.4 % YoY PATMI + 26.7 % YoY Ор РАТМІ + 116.0 % YoY FCFE -1.2 Bn Gearing + 0.31 22.8 Bn ( S $ ) 641.6 Mn ( S $ ) 421.5 Mn ( S $ ) 436.6 Mn ( S $ ) Mn ( S $ ) ( 398.3 ) 1.60 times Management Comments on Consolidated Olam Group Performance and Outlook Olam Co - Founder and Group CEO , Sunny Verghese said : “ Our strongest operational earnings since inception reflect the underlying strength and resilience of our businesses despite the impacts of Covid - 19 and is a testament to the strength of our business model , 1 Operational PATMI is Net Profit After Tax and Minority Interest excluding exceptional items , which are one - off and non - recurring 2 Refer to news release at https://www.olamgroup.com/news/all-news.html entitled " Olam International announces Olam Food Ingredients ' intention to seek primary listing on the London Stock Exchange , with concurrent listing in Singapore " Page 1 of 7