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Amira Nature Foods Ltd Announces Agreement to Supply its Indonesian Customer with 90,000 Metric Tons of Indian White Rice

  Amira Nature Foods Ltd Announces Agreement to Supply its Indonesian Customer
  with 90,000 Metric Tons of Indian White Rice

Business Wire

DUBAI, United Arab Emirates -- November 14, 2012

Amira Nature Foods Ltd (the “Company” or “Amira;”) (NYSE: ANFI), a leading
global provider of packaged Indian specialty rice, today announced that its
subsidiary, Amira Pure Foods Private Limited, has entered into an agreement
with an Indonesian customer to supply 90,000 metric tons of Indian white rice
for $39.4 million.

Amira previously supplied its products to this customer in the fiscal year
ended March 13, 2012. The $39.4 million of revenue under the contract is
expected to be recognized in the current fiscal year ending March 31, 2013.

Karan Chanana, Amira’s Chairman and Chief Executive Officer, stated, “We are
pleased with this order from our Indonesian customer because it underscores
Amira’s leading position as a global provider of Indian specialty rice. We
expect that this deal will provide strong revenue streams in the current
fiscal year and support one of our key growth initiatives of leveraging such
sales of third party branded products to expand the penetration of our Amira
branded products.”

About Amira Nature Foods

Founded in 1915, Amira has evolved into a leading global provider of packaged
Indian specialty rice, with sales in over 40countries today. Amira sells
Basmati rice, a premium long-grain rice grown only in certain regions of the
Indian sub-continent, under their flagship Amira brand as well as under other
third party brands. Amira sells its products primarily in emerging markets
through a broad distribution network. Amira’s headquarters are in Dubai,
United Arab Emirates, and it also has offices in India, Malaysia, Singapore,
the United Kingdom, and the United States.

Cautionary Note on Forward-Looking Statements

This release may contain forward-looking statements within the meaning of the
U.S. federal securities laws. These forward-looking statements generally can
be identified by phrases such as that we or our members of management
“believe,” “expect,” “anticipate,” “foresee,” “forecast,” “estimate” or other
words or phrases of similar import. Specifically, these statements include,
among other things, statements that describe the revenue and market
implications of our relationship with the Indonesian customer, including its
financial impact, and other statements of management’s beliefs, intentions or
goals. It is uncertain whether any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of them do, what
impact they will have on our results of operations, financial condition, or
the price of our ordinary shares. These forward-looking statements involve
certain risks and uncertainties that could cause actual results to differ
materially from those indicated in such forward-looking statements, including
but not limited to our ability to perform our supply agreement with the
Indonesian customer; our ability to recognize revenue from the contract and
our reliance on the Indonesian customer for a substantial part of our revenue;
our ability to implement our plans, forecasts and other expectations with
respect to our business and realize additional opportunities for growth; and
the other risks and important factors contained and identified our filings
with the Securities and Exchange Commission. All forward-looking statements
attributable to us or to persons acting on our behalf are expressly qualified
in their entirety by these risk factors. Other than as required under the
securities laws, we undertake no obligation to update any forward-looking or
other statements herein, whether as a result of new information, future events
or otherwise.

Contact:

Amira Nature Foods Ltd
Rahul Nayar, Director of Global Communications and Strategy
917-710-1154
or
ICR
John Mills/Katie Turner, 646-277-1200
 
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