ADM ANNOUNCES PROPOSED SECONDARY BLOCK TRADE OF ORDINARY SHARES OF WILMAR INTERNATIONAL LIMITED ("WILMAR") AND CONCURRENT PROPOSED OFFERING OF ZERO COUPON EXCHANGEABLE BONDS, EXCHANGEABLE FOR WILMAR ORDINARY SHARES

CHICAGO, Aug 21 (Bernama-BUSINESS WIRE) -- ADM (NYSE:ADM) today announced that its wholly-owned subsidiaries ADM Ag Holding Limited (“ADM Ag”) and Archer Daniels Midland Asia-Pacific Limited (“ADM APac”) propose to sell ordinary shares of Wilmar (the “Shares”) for an aggregate purchase price of approximately US$500,000,000 pursuant to a secondary block trade agreement with a syndicate of managers (the “Block Trade Agreement”, and such sale, the “Block Trade”). The Shares to be sold pursuant to the Block Trade Agreement are being offered and sold in offshore transactions in reliance on Regulation S (“Regulation S”) under the Securities Act of 1933, as amended (the “Securities Act”) and inside the United States, to qualified institutional buyers (as defined in Rule 144A under the Securities Act) in private transactions exempt from the registration requirements of the Securities Act.

ADM expects to use the net proceeds from the Block Trade for general corporate purposes, which may include, without limitation, meeting its working capital requirements, funding its capital expenditures and possible acquisitions of, or investments in, businesses and assets, and acquiring outstanding shares of ADM common stock as part of its publicly announced stock repurchase program.


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