Corrie Shanahan
Tel: 202-294-4697
Email: cshanahan@ifc.org


Washington D.C, December 8, 2007 -- IFC has advised Olam of its decision to sell its equity stake in Olam International Limited. IFC, a member of the World Bank Group, is committed to good international practices in environmental sustainability.

IFC's decision is driven by policy considerations and is not indicative of IFC's opinion on Olam's financial position and performance (present or future) or the merits of any investment in Olam.