Bunge to Acquire Edible Oils and Fats Business of

Amrit Banaspati in India

Mumbai and Noida, India December 21, 2011 Bunge India Private Limited, a
wholly owned subsidiary of Bunge Limited (NYSE: BG) (Bunge India) and Amrit
Banaspati Company Limited (Amrit Banaspati) today announced that Bunge India has
entered into definitive agreements with Amrit Banaspati and Amrit Corp. Limited (Amrit
Corp) to acquire the edible oils and fats business of Amrit Banaspati.
The acquisition includes Amrit Banaspati's manufacturing facility at Rajpura in the state
of Punjab, rights to its brands and trademarks, its sales and distribution business and
the transfer of employees pertaining to its edible oils and fats business to Bunge India.
Bunge India would also acquire rights to GAGAN, the vanaspati brand held by Amrit
Corp which is currently licensed to Amrit Banaspati.
The transaction, which is subject to approval by shareholders of Amrit Banaspati and
Amrit Corp, has been unanimously approved and recommended by the Boards of
Directors of both companies. The transaction is also subject to regulatory approvals
and other customary closing conditions.
Christopher White, CEO, Bunge Asia, said, This acquisition underscores Bunges longterm commitment to growing our consumer food business in India. It enables us to
expand our distribution reach, manufacturing base and brand portfolio to serve a
growing customer base.
Adhiraj Sarin, Managing Director, Bunge India, added, AMRIT, GAGAN and GINNI are
trusted names associated with preparing tasty food, and we intend to build on their
strong brand heritage. These brands, coupled with capable employees and a strong
distribution network, open up opportunities for synergistic collaboration with Bunge
India, creating incremental value for the combined operations. The addition of this
business, along with our commitment to quality, food safety, innovation, risk
management and efficiency through our global supply chain, will position Bunge well to
be a long-term industry leader.
N. K. Bajaj, Chairman and Managing Director, Amrit Banaspati, said, The Board of
Directors has approved Bunges offer and will also recommend an appropriate dividend
to shareholders from proceeds of the sale. Bunge is a respected name in both the
Indian and global markets. It is known for its high quality products, and Im very happy
that the products and brands of our company, which have gained a reputation for quality
and service over the past decades, will continue to serve our valued consumers in the
capable hands of Bunge. Subsequent to the transaction, Amrit Banaspati will continue
to operate a commodities trading division and will explore venturing into real estate and
other promising business opportunities.

About Bunge India Private Limited

Bunge India Private Limited, a wholly owned subsidiary of Bunge Limited (NYSE: BG),
originates, refines and markets a wide range of edible oils and fats to serve the needs of
food manufacturers, food service companies and consumers across India. Its consumer
brands in India are DALDA, MASTERLINE and CHAMBAL.
About Bunge Limited
Bunge Limited (www.bunge.com, NYSE: BG) is a leading global agribusiness and food
company with approximately 32,000 employees in more than 30 countries. Bunge buys,
sells, stores and transports oilseeds and grains to serve customers worldwide;
processes oilseeds to make protein meal for animal feed and edible oil products for
commercial customers and consumers; produces sugar and ethanol from sugarcane;
mills wheat and corn to make ingredients used by food companies; and sells fertilizer in
North and South America. Founded in 1818, the company is headquartered in White
Plains, New York.
About Amrit Banaspati Company Limited
Amrit Banaspati, listed on the Bombay stock exchange, is a leading North India-based
edible oils and fats company with a storied history spanning seven decades. Its
manufacturing plant in the state of Punjab includes equipment and facilities for refining
crude edible oils, palm oil fractionation, hydrogenation, margarine production and
packaging. Its portfolio of brands in bakery fats, vanaspati and refined oils includes
AMRIT, BANSARI, GINNI, MERRIGOLD and SUNEHRI TEER, among others. It also
manufactures the popular brand of GAGAN vanaspati under license from its associate
company Amrit Corp Limited.
About Amrit Corp. Limited
Amrit Corp, listed on the Bombay stock exchange, is the flagship company of the Amrit
Group and was established in 1940. Its present businesses consist of a dairy milk
business that is engaged in the food service sector with a unique set of UHT milk
products, and a real estate division. It is also the owner of the brand GAGAN, which it
has licensed to Amrit Banaspati Company Limited.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains both historical and forward-looking statements. All
statements, other than statements of historical fact are, or may be deemed to be,
forward-looking statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are not based on historical facts, but
rather reflect our current expectations and projections about our future results,
performance, prospects and opportunities. We have tried to identify these forwardlooking statements by using words including may, will, should, could, expect,
anticipate, believe, plan, intend, estimate, continue and similar expressions.
These forward-looking statements are subject to a number of risks, uncertainties and
other factors that could cause our actual results, performance, prospects or
opportunities to differ materially from those expressed in, or implied by, these forwardlooking statements. The following important factors, among others, could affect our
business and financial performance: industry conditions, including fluctuations in supply,
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demand and prices for agricultural commodities and other raw materials and products
used in our business; fluctuations in energy and freight costs and competitive
developments in our industries; the effects of weather conditions and the outbreak of
crop and animal disease on our business; global and regional agricultural, economic,
financial and commodities market, political, social and health conditions; the outcome of
pending regulatory and legal proceedings; our ability to complete, integrate and benefit
from acquisitions, dispositions, joint ventures and strategic alliances; our ability to
achieve the efficiencies, savings and other benefits anticipated from our cost reduction,
margin improvement and other business optimization initiatives; changes in government
policies, laws and regulations affecting our business, including agricultural and trade
policies, tax regulations and biofuels legislation; and other factors affecting our business
generally. The forward-looking statements included in this release are made only as of
the date of this release, and except as otherwise required by federal securities law, we
do not have any obligation to publicly update or revise any forward-looking statements
to reflect subsequent events or circumstances.
Contacts
Bunge India Private Limited
Ashish Saxena
Vice President Strategy & BD, Bunge India
+91-22-40509583
ashish.saxena@bunge.com
Bunge Limited
Susan Burns
Manager, External Communications, Bunge Limited
+1-914-684-3246
susan.burns@bunge.com
Amrit Banaspati Company Limited
Mr. Yogendra Khurana
Senior Director, Alpen Capital (India) Pvt Ltd
+91-9899996993
yogendra.khurana@alpencapital.com
Amrit Corp. Limited
Mr. J. C. Rana
Executive Director, Amrit Corp
+91-9810055296
jcrana@amritcorp.com

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