ADM to End Commercial Alliance with Metabolix

Archer Daniels Midland Company (NYSE: ADM) announced today that ADM
Polymer Corporation, a wholly owned subsidiary of ADM, will end its
commercial alliance with Metabolix, Inc. on February 8, 2012. As a
result of this decision, Telles LLC, the sales and marketing commercial
alliance created to commercialize Mirel?, a biobased plastic, will be
dissolved, and Mirel production on behalf of Telles will end. Under the
terms of their commercial alliance, ADM Polymer Corporation may provide
PHA fermentation services for Metabolix during a three-year period
following termination.

'We have analyzed our business portfolio, identifying areas that are not
delivering sufficient results now or are not expected to deliver
sufficient results within a reasonable timeframe,? said Mark Bemis,
president, Corn. 'We have had a good working relationship with
Metabolix, and the fermentation technology performed well at our
facility. Unfortunately, uncertainty around projected capital and
production costs, combined with the rate of market adoption, led to
projected financial returns for ADM that are too uncertain. Therefore,
we have decided to exit the business as permitted by the commercial
alliance agreement with Metabolix.?

ADM Polymer has been producing Mirel at ADM′s integrated corn processing
complex facility in Clinton, Iowa. There are currently approximately 90
full-time ADM Polymer employees at the Clinton polymer plant; in
addition, there are a small number of ADM employees supporting the
Telles sales and marketing efforts in Europe. ADM is currently
evaluating the impact on staffing, and will make decisions on its needs
as quickly as possible. For colleagues whose positions are affected, the
company will offer severance packages, including outplacement services,
and there may be opportunities for them to apply for positions at
Clinton or other ADM facilities.

As a result of the change in circumstances and its decision to terminate
the commercial alliance, ADM is evaluating other commercially viable
uses for the fermentation assets in Clinton, but has not yet made any
firm decision on alternative uses. As a result, ADM will record a
one-time pretax charge in its second quarter of between $300 million and
$360 million, primarily for impairment of the related production assets.
ADM anticipates the cash portion of the total charge to be less than $5
million.

About ADM

For more than a century, the people of Archer Daniels Midland Company
(NYSE: ADM) have transformed crops into products that serve vital needs.
Today, 30,000 ADM employees around the globe convert oilseeds, corn,
wheat and cocoa into products for food, animal feed, industrial and
energy uses. With more than 265 processing plants, 400 crop procurement
facilities, and the world′s premier crop transportation network, ADM
helps connect the harvest to the home in more than 160 countries. For
more information about ADM and its products, visit www.adm.com.

Archer Daniels Midland Company

Media Relations

Jessie
McKinney, 217-424-5413

media@adm.com