Production of oil palm and conservation

Olam Palm Gabon has entered into a sale of long term lease rights of land and a sale and lease-back of plantation and milling assets, comprising 20,030 hectares of total land area in Awala, Gabon for a cash consideration of US$130.0 million with YCAP Asset Management (“YCAP”). Under this agreement, YCAP holds the rights to the long term leases on the land. The agreement is valid for a period of 18 years, extendable for another three years at the request of either party. OPG retains the right to operate the palm plantation and mill in Awala and will therefore continue to participate in the production economics of the palm plantation without the asset intensity - see more at: http://olamgroup.com/news/olam-palm-gabon-enters-sale-long-term-lease-rights-land-sale-lease-back-plantation-milling-assets-awala-us130m/#sthash.QATp3sg6.dpuf This transaction was not completed according to a circular dated 5 May 2020 (https://links.sgx.com/FileOpen/Olam%202020%20Update%20-%20Offering%20Circular%20dated%205%20May%202020.ashx?App=Prospectus&FileID=43142)

Olam Palm Gabon has entered into a sale of long term lease rights of land and a sale and lease-back of plantation and milling assets, comprising 20,030 hectares of total land area in Awala, Gabon for a cash consideration of US$130.0 million with YCAP Asset Management (“YCAP”). Under this agreement, YCAP holds the rights to the long term leases on the land. The agreement is valid for a period of 18 years, extendable for another three years at the request of either party. OPG retains the right to operate the palm plantation and mill in Awala and will therefore continue to participate in the production economics of the palm plantation without the asset intensity - see more at: http://olamgroup.com/news/olam-palm-gabon-enters-sale-long-term-lease-rights-land-sale-lease-back-plantation-milling-assets-awala-us130m/#sthash.QATp3sg6.dpuf This transaction was not completed according to a circular dated 5 May 2020 (https://links.sgx.com/FileOpen/Olam%202020%20Update%20-%20Offering%20Circular%20dated%205%20May%202020.ashx?App=Prospectus&FileID=43142) Olam Gabon, a subsidiary of Singapore's Olam, is the largest private employer in Gabon, providing more than 15,000 direct and 9,000 indirect jobs. The company claims to have invested around 486 billion FCFA in its operations, with approximately 370 billion FCFA allocated to oil palm cultivation and 116 billion FCFA for rubber cultivation

approximately 370 billion FCFA allocated to oil palm cultivation and 116 billion FCFA for rubber cultivation

The plantations are RSPO certified. Olam Palm Gabon (OPG) has partnered with WWF Gabon to roll out SMART (Spatial Monitoring and Reporting Tool) software to monitor the protected areas within the palm plantations- thereby allowing the team to record wildlife observations within the 72,000ha of High Conservation Value (HCV) areas.

The plantations are RSPO certified. Olam Palm Gabon (OPG) has partnered with WWF Gabon to roll out SMART (Spatial Monitoring and Reporting Tool) software to monitor the protected areas within the palm plantations- thereby allowing the team to record wildlife observations within the 72,000ha of High Conservation Value (HCV) areas.Olam Gabon operates in Gabon, with plantations covering approximately 64,000 hectares for oil palm trees and 11,000 hectares for rubber trees.