OLAM STARTS LEGAL ACTION AGAINST MUDDY WATERS, CARSON BLOCK

(The following is a statement issued by Olam to the Singapore Exchange.)

OLAM INTERNATIONAL COMMENCES LEGAL ACTION Singapore, November 21, 2012 - Olam International Limited has today initiated legal action in the High Court of Singapore against both Muddy Waters, LLC and Carson Block for the statements made at the Sohn London Investment Conference in London on November 19, 2012.

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