Shareholding Structure

Olam was established in 1989 by the Kewalram Chanrai Group (KC Group), which has over 140 years of trading history. Over the past 17 years, Olam has developed into a global supply chain manager headquartered in Singapore with global market leadership positions in many of its businesses. Our success has enabled us to attract co-sponsors and world-class investors, adding both business and financial strength to the company.

Founded in 1860, the KC Group is one of the oldest international companies in Africa and Asia with a long and successful trading history. Headquartered in Singapore, the KC Group is a conglomerate operating in over 54 countries and employing more than 12,000 people worldwide. The KC Group currently owns 459,602,064 shares, representing 26.7% of the total issued share capital of Olam.

The management team of Olam has a significant shareholding in the company approximating 16% in the total issued share capital, which greatly aligns shareholder and management interests in creating value. These shares include 89,574,893 shares representing 5.2% of the total issued share capital of Olam held by Group Managing Director and Chief Executive Officer, Sunny George Verghese. This was a result of their subscription to our Employee Share Schemes which were implemented to motivate and retain highly qualified and experienced employees within our Group.

Olam's total issued share capital amounts to 1,713,310,324. The free float owned by public shareholders accounts for approximately 57.8% of the total issued share capital.

Characteristics of Public Shareholder Base

As of end-February 2009, our shareholder base is comprised of 280 institutional investors spread across 29 countries.

Distribution of Institutional Shareholders by Country/Region

Distribution of Institutional Shareholders by Investment Style

Source: Thomson Financial

Employee Share Schemes

Employee Share Benefit Scheme
On 26 August 1999, we set up the "Olam International Limited Employee Share Benefit Scheme" (ESBS), comprising 141,199,072¹ shares of S$0.10 each in the Company which were originally owned by Kewalram. These shares were fully taken up by 216 employees and are held in trust by Sridhar Krishnan, Shekhar Anantharaman and Joydeep Bose as trustees under the ESBS.

Employee Share Subscription Scheme
On 26 October 2004, we implemented the "Olam International Limited Employee Share Subscription Scheme 2004" (ESSS), comprising 73,913,044² shares of S$0.10 each which were offered at a subscription price of S$0.23 per share. These shares have been fully allotted and issued to 147 employees, and are held in the name of Dexia Trust Services Singapore, where shares are financed by facilities granted to Dexia Trust by the Company, or held in trust by Sridhar Krishnan, Shekhar Anantharaman and Joydeep Bose as trustees for shares acquired by employees who did not require such financing.

Under the rules of the ESSS, 50% of the shares acquired by an eligible employee under the ESSS (the "Restricted Shares") are not permitted to be sold, transferred, mortgaged or charged, other than as security for any loans taken from a financial institution approved by the Company for the subscription of such shares (the "Sale Restrictions") until the date on or after the first, second and third anniversaries of the share subscription when the eligible employee is entitled to sell 33%, 66% and then 100% of the Restricted Shares respectively.

In the event an eligible employee ceases employment with Olam, his Restricted Shares which are still subject to sale restrictions (the "Default Shares"), will inter alia, under the discretion of the ESSS Committee, be sold on the market or made available for purchase by other eligible at a price no less than the applicable market price of the shares. Thereafter, the trustees will pay to the eligible employees ceasing employment a sum equal to the aggregate of the lower of the subscription price which he had paid for his shares and the applicable market price of the Default Shares which have been sold on the market or purchased by other eligible employees.

Olam Employee Share Option Scheme

The Olam Employee Share Option Scheme (ESOS) was approved by shareholders at an Extraordinary General Meeting held on 4 January 2005. The objectives of the ESOS are to provide an opportunity for employees of the Group, directors or full-time employees of the Company, to participate in the equity of the Company so as to motivate them to greater dedication, loyalty and higher standard of performance, and to give recognition to employees of the Group who have contributed to the success and development of the Company and/or the Group. This equity ownership scheme creates significant alignment with the Company's growth plans by enabling individual employees to contribute to its growth and participate in the wealth being created.

The ESOS is administered by the Management Development and Compensation Committee. Under the rules of the ESOS, the Directors (except Non-Executive Directors and Independent Directors) and employees of the Group are eligible to participate in the ESOS. Controlling shareholders and their associates are not eligible to participate in the ESOS.

On 4 January 2005, the Company granted 15 million options to Sunny Verghese, at an exercise price of S$0.62 equal to the initial public offering price. The options are exercisable in three equal tranches of 5 million shares each on the date selling on or after the first, second and third anniversaries respectively of the public listing date (11 February 2005).

As of June 2007, the Company has granted a total of 58,234,160 outstanding options to employees which are vested over a period of three or four years.

Moratorium
Participants of the Employee Share Subscription Scheme who have an aggregate interest of 70,711,718 shares are subject to the moratorium periods applicable on 50% of these shares.

¹Includes shares owned by Sridhar Krishnan and Shekhar Anantharaman, both Executive Directors of the Company, who are also participants under the ESBS and have each acquired 8,669,448 shares under the ESBS.

²Includes shares owned by Sridhar Krishnan and Shekhar Anantharaman, both Executive Directors of the Company, who are also participants under the ESBS and have each acquired 8,669,448 shares under the ESBS. No Shares were subscribed for by our Chief Executive Officer under the ESSS.