Cargill – World Food Program, July 10, 2007

Paul D. Conway – Senior Vice President, Cargill Incorporated

Good afternoon everyone. On behalf of Cargill, I’d like to welcome all of you here this afternoon. This is a special celebration we’re having today. And to tell you the truth, this is one of the best parts of my job.

Minister Bakrie, we really appreciate your taking time out of your busy schedule to be with us. We thank you for your leadership and look forward to working with you and your team in the coming years for the betterment of Indonesia. We think this program and your Ministry provide good examples of people working together to provide solutions to the challenges Indonesia faces on a day-to-day basis.

Thank all of you so much for joining us to hear about this important partnership. I am pleased to announce today that Cargill and the United Nation’s World Food Programme are embarking on a programme to provide better nutrition, additional medical care, upgraded schools and increased access to clean water to over 30,000 school-going children in Indonesia. Cargill is committing a total of US$3 million to this programme over the next 3 years.

This is the newest phase of a global partnership between Cargill and WFP that has seen success in countries like Nicaragua, Cote d’Ivoire, Kenya and Guatemala. We believe that if we provide school children with daily nutritious food and health resources, they have a better chance of learning, growing, and building a brighter future for themselves.

Cargill aims to be the global leader in nourishing people and an important step to achieving that goal is to fully realize our role as corporate citizen.

In my 27 years with the company, Cargill employees have always been generous and active volunteers. We once took a fairly narrow view that Cargill’s citizenship commitment ended there, that volunteer community projects were what corporate citizenship meant - something distinct from the business activities of the company.

Today, we view it as one and the same. Part of being a good corporate citizen is giving back to our communities: providing financial resources, time, and talent. I am proud that Cargill is currently committed to contributing two percent of our global pre-tax earnings to programs that help people and improve the environment.

Citizenship activities have become part and parcel of our corporate culture. We look at citizenship in terms of our "total impact" on society. Cargill's corporate vision and its vision of citizenship have merged. We measure our performance by engaged employees, satisfied customers, enriched communities and profitable growth.

None of those can happen without a vibrant program of citizenship in all its manifestations:

How we interact with communities and other stakeholders by maintaining high ethical business practices.

In Indonesia, we have always been very active in this area. We have built and established schools in and around our facilities. We have given the money to pay for teachers’ salaries in some of those schools. We have set up free medical clinics on our palm plantations so our employees have access to medical care and company provided medications. For many of our plantation employees, we provide housing and day care for their children.

Cargill has been in Indonesia for over 35 years. Our initial investment was a poultry-breeding farm. We have grown with Indonesia over the years, and we now have businesses ranging from animal feed to vegetable oil to cocoa and coffee exporting to palm oil production and exporting.

Our operations are physically located all across Indonesia – from Jakarta to Surabaya to Sulawesi to Kalimantan to Sumatra. We now employ over seven thousand (7,000) Indonesians, and buy crop commodities from almost twelve thousand (12,000) small-holder farmers.

The programme we are launching today represents Cargill’s commitment to this country, and we will continue to partner with Indonesia to bring about economic development in a socially and environmentally friendly manner. Indonesia has great potential for the future, and Cargill wants to help realize that potential.

I know this program will be a great success. WFP has been a good partner in other parts of the world where we have worked together to feed children. I look forward to returning next year to visit with some of the students and schools Cargill and WFP are supporting. I encourage you to join me in watching these projects succeed and to continually work to develop new ways of helping business help Indonesia.

Again, our thanks to Minister Bakrie and to all of you for joining us today. Your participation indicates the deep interest these partnerships hold for stakeholders from all sectors and the potential these programs have to help Indonesian children and Indonesia.

Thank you.