Notice given by Herba Foods S.L.U.

COMPETITION COMMISSION OF INDIA

4^th April, 2013

Combination Registration No.: C-2013/03/115

Order under Section 31(1) of the Competition Act, 2002

1. On 19^th March, 2013, the Competition Commission of India (hereinafter referred to as the “ Commission ”) received a notice under sub-section (2) of Section 6 of the Competition Act, 2002 (hereinafter referred to as the “ Act ”) given by Herba Foods, S.L.U. (hereinafter referred to as “ Herba ” or the “ Acquirer ”).

1. The said notice was filed pursuant to the execution of a Share Purchase Agreement on 12^th March, 2013 (hereinafter referred to as “ SPA ”) between Olam Agro India Limited (hereinafter referred to as “ Olam India ”), Herba and Taraori Rice Mills Private Limited (hereinafter referred to as “ Taraori Mills ”).

1. Herba, a company incorporated under the laws of Spain, is a wholly-owned subsidiary of Ebro Foods S.A., Spain ( “Ebro ”). It has been stated in the notice that Ebro, through its various subsidiaries (“ Ebro Group ”), operates in different business segments including the rice business. The Acquirer is the holding company that controls and manages the subsidiaries in Ebro Group which are in the rice business. Further, Herba imports rice from India and is present, in India, through its wholly-owned subsidiary i.e. Herba Rice India Private Limited, which coordinates the purchase of rice from suppliers/exporters in India for the Ebro Group companies in USA and Europe.