ADM Statement Regarding GrainCorp

  ADM Statement Regarding GrainCorp

Business Wire

DECATUR, Ill. -- December 12, 2012

Archer Daniels Midland Company (NYSE: ADM) spokesperson Jackie Anderson today
issued the following statement:

“We note GrainCorp’s response today to our revised proposal. On Dec. 3, we
approached GrainCorp’s board of directors with a revised proposal of A$12.20 a
share in cash. That proposal represented a material increase over our initial
proposal of A$11.75 a share. Also, when combined with the dividend of A$0.35
per share announced on Nov. 15, our revised proposal represented a total value
to GrainCorp shareholders of A$12.55 a share.

“The revised proposal represented a substantial premium to the prevailing
GrainCorp share price at the time of our first approach. We believe that our
revised proposal properly values GrainCorp’s business, taking into account
GrainCorp’s 2012 results and its new initiatives announced on Nov. 15. Our
proposal offered more certainty, greater value and immediate realization of
potential future value for GrainCorp shareholders than GrainCorp’s stand-alone

“We intend to consider all our options with respect to GrainCorp and our 19.9
percent shareholding.”

Forward-Looking Information

This press release includes forward-looking statements, within the meaning of
the Private Securities Litigation Reform Act of 1995, that are subject to
risks, uncertainties and other factors, including, without limitation, with
respect to any potential acquisition by ADM of all or any portion of
GrainCorp. There can be no certainty that any discussions will result in a
transaction or the entry into a definitive agreement. These risks,
uncertainties and other factors could cause actual results to differ
materially from those referred to in the forward-looking statements. The
reader is cautioned not to rely on these forward-looking statements. Other
risks are described in detail in the ADM Annual Report on Form 10-K for the
fiscal year ended June 30, 2012, as filed with the U.S. Securities and
Exchange Commission. All forward-looking statements are based on information
currently available to ADM, and ADM assumes no obligation to update any such
forward-looking statements.

About ADM

For more than a century, the people of Archer Daniels Midland Company (NYSE:
ADM) have transformed crops into products that serve vital needs. Today,
30,000 ADM employees around the globe convert oilseeds, corn, wheat and cocoa
into products for food, animal feed, industrial and energy uses. With more
than 270 processing plants, 420 crop procurement facilities, and the world’s
premier crop transportation network, ADM helps connect the harvest to the home
in more than 160 countries. For more information about ADM and its products,


Archer Daniels Midland Company
Media Relations
Jackie Anderson, 217-424-5413
Investor Relations
Ruth Ann Wisener, 217-451-8286
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