ADM: Statement Regarding GrainCorp

Decatur / IL. (adm) Archer Daniels Midland Company (ADM) spokesperson Jackie Anderson issued the following statement: «We note GrainCorp´s latest response to our revised proposal. On December 03, we approached GrainCorp´s board of directors with a revised proposal of 12,20 AUD a share in cash. That proposal represented a material increase over our initial proposal of 11,75 AUD a share. Also, when combined with the dividend of 0,35 AUD per share announced on November 15, our revised proposal represented a total value to GrainCorp shareholders of 12,55 AUD a share. The revised proposal represented a substantial premium to the prevailing GrainCorp share price at the time of our first approach. We believe that our revised proposal properly values GrainCorp´s business, taking into account GrainCorp´s 2012 results and its new initiatives announced on November 15. Our proposal offered more certainty, greater value and immediate realization of potential future value for GrainCorp shareholders than GrainCorp´s stand-alone plan. We intend to consider all our options with respect to GrainCorp and our 19,9 percent shareholding».

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