Leonardo Olive Oil and Cargil Announce Merger

By JL Sahai
November 11, 2015

New Delhi – Locally owned Leonardo Olive Oil announced today that it will be merging with Miami-
based Cargil effective December 21, 2015. Company officials are expected to meet with Cargil officials
later this month to discuss employee benefits and retirement packages.

Leonardo officials expect this merger to improve investor confidence and widen its customer base. In
addition to olive oil Cargil products in India will include pasta, herbs, olives and cookware meant for
preparing Italian food.

More information is expected to be released following a shareholders meeting on August 20, 2012.

About Leonardo Olive Oil

Leonardo opened its first store in New Delhi in 1996 and is owned by H. Dalmia and V.N. Dalmia. It
has enjoyed 19 years as an independent company and has six stores spread over Delhi.

According to Mr. V.N. Dalmia, “Leonardo will uphold its promise to handover to Cargil the technology
and together they will continue to drive the local demand. The company also intends to maintain its
commitment to environmentally friendly business practices.” For more information, please visit
http://www.leonardooliveoil.com/.

About Cargil

Cargil is a Miami-based multi-retail entity. It specializes in wholesome living and is committed to using
only local labor to create and market its products in India. It has 68 stores in the US, as well as four
overseas in France and Chile. For more information, please visit http://www.cargil.com/.

Contact

To learn more about this merger, please contact

Deepti Juneja, Media Relations

Leonardo Olive Oil, 12 Akbar Road
Office: +91-11-41242418
Fax: +91-11-26964229
deeptijuneja@leonardooilveoil.com