ADM Announces Final Results of Private Exchange Offers

06.10.2011  |  Business Wire

Archer Daniels Midland Company (NYSE: ADM) announced today the final
results as of 11:59 p.m. New York City time on October 5, 2011, (the
'Expiration Date?) of its private offers to exchange any and all of its
outstanding debentures listed below (collectively, the 'Old Debentures?)
for new senior Debentures due 2042 (the 'New Debentures?) and, for some
series of Old Debentures, New Debentures and cash (the 'Exchange
Offers?), in accordance with ADM′s offering memorandum dated September
8, 2011, and the related letter of transmittal. ADM conducted these
Exchange Offers to take advantage of lower interest rates by replacing
existing higher-coupon debt with lower-coupon debt.

According to information provided by D.F. King & Co., Inc., the exchange
agent for the Exchange Offers, $403,786,000 in aggregate principal
amount of ADM′s Old Debentures were validly tendered and not validly
withdrawn in the Exchange Offers. The settlement date for Old Debentures
validly tendered and not validly withdrawn after the expiration of the
early participation period at 5:00 p.m. New York City time on September
23, 2011, but at or prior to the Expiration Date, is expected to be
October 7, 2011.

The table below indicates the outstanding principal amount of each
series of Old Debentures at commencement of the Exchange Offers and the
principal amount of each series of Old Debentures validly tendered for
exchange as of the Expiration Date pursuant to the Exchange Offers:

The New Debentures will pay interest semi-annually at a rate of 4.535%
per annum. The New Debentures have not been registered under the
Securities Act of 1933, as amended ('Securities Act?) or any state
securities laws. Therefore, the New Debentures may not be offered or
sold in the United States absent registration or an applicable exemption
from the registration requirements of the Securities Act and any
applicable state securities laws. On September 26, 2011, ADM entered
into a registration rights agreement with respect to the New Debentures.

This press release is not an offer to sell or a solicitation of an offer
to buy any security. The Exchange Offers are being made solely by the
offering memorandum and related letter of transmittal and only to such
persons and in such jurisdictions as is permitted under applicable law.

Forward-looking Information

This press release includes forward-looking statements, within the
meaning of the Private Securities Litigation Reform Act of 1995, that
are subject to risks, uncertainties and other factors, including the
current market demand for these types of securities and the securities
of ADM and the negotiations between ADM and the dealer managers. These
risks, uncertainties and other factors could cause actual results to
differ materially from those referred to in the forward-looking
statements. The reader is cautioned not to rely on these forward-looking
statements. Other risks that could impact the offering are described in
detail in the ADM Annual Report on Form 10-K for the fiscal year ended
June 30, 2011, as filed with the U.S. Securities and Exchange
Commission. All forward-looking statements are based on information
currently available to ADM and ADM assumes no obligation to update any
such forward-looking statements.