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Cargill Australia to buy Joe White Maltings

                 Cargill Australia to buy Joe White Maltings

Agreement underscores Cargill's long-term commitment to success of Australian
agriculture

PR Newswire

MELBOURNE, Australia, Aug. 5, 2013

MELBOURNE, Australia, Aug. 5, 2013 /PRNewswire/ -- Cargill Australia Limited
today confirmed that Glencore International has accepted its offer to purchase
Joe White Maltings. The sales agreement is subject to certain regulatory
approvals and the parties expect to complete the transaction prior to the end
of 2013.

According to Philippa Purser, Cargill Australia Managing Director, Joe White
Maltings is a strong strategic fit for Cargill Australia and for Cargill's
Global Malt business.

"Through its investments over many years, Cargill continues to demonstrate a
long-term commitment to the future and success of Australian agriculture and
farmers, and we are delighted with this new opportunity in the malting
industry," said Ms. Purser. "We look forward to bringing our malt industry
expertise and additional capital to Joe White Maltings to continue to grow the
business."

Cargill currently operates malting facilities in Europe and the Americas,
however it does not have a presence in the Australian malting market. Joe
White Maltings is Australia's largest malt producer, with seven plants, and
currently supplies brewers in multiple countries in Southeast Asia, as well as
Australia.

Doug Eden, President of Cargill's Global Malt business, emphasized this
transaction's benefits to customers. "The addition of Joe White Malting will
complete Cargill's global footprint in all key barley production areas and
enable us to better serve our global and leading regional brewers in the
region," he said.

By combining the strengths and talents of both companies, Cargill is confident
it can build on Joe White Maltings' proud history, meet the needs of its
existing customers and create new opportunities for customers, suppliers,
employees and the business.

About Cargill

Cargill is an international producer and marketer of food, agricultural,
financial and industrial products and services. Founded in 1865, the privately
held company employs 142,000 people in 65 countries. Cargill helps customers
succeed through collaboration and innovation, and is committed to applying its
global knowledge and experience to help meet economic, environmental and
social challenges wherever it does business. For more information, visit
www.cargill.com.

About Cargill in Australia

Cargill Australia was established in 1967 and is now a diverse agribusiness.
Business operations include grain, oilseeds and cotton origination; storage
and handling; processing and vegetable oil refining; domestic and export
marketing; procuring food and feed items primarily for the Japanese and South
East Asian markets through our Toshoku business; and a number of agribusiness
food and meat joint ventures. For more information, visit: www.cargill.com.au

SOURCE Cargill

Website: http://www.cargill.com
Contact: Peter McBride, Cargill Australia, +61 3 9268 7362, +61 417 662 451,
peter_mcbride@cargill.com; Lori Fligge, Cargill U.S., 952-742-2275,
lori_fligge@cargill.com
 
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