Bunge Limited Initial Public Offering Priced at $16 per Share

Business Wire,  August 1, 2001  

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Business Editors

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--Aug. 1, 2001

Bunge Limited today announced that its initial public offering of 17.6 million common shares was priced at $16 per share. Trading of the shares is scheduled to begin tomorrow on the New York Stock Exchange under the ticker symbol BG.

The company intends to use the net proceeds from the offering to repay short-term debt under its commercial paper program.

Morgan Stanley and Credit Suisse First Boston led the offering, which was co-managed by Deutsche Banc Alex. Brown, Merrill Lynch & Co., Prudential Securities and Salomon Smith Barney.

For copies of the prospectus relating to the offering, contact Morgan Stanley, Attn: Prospectus Department, 1585 Broadway, 5th Floor, New York, NY 10036.

Bunge is an integrated, global agribusiness and food company operating in the farm-to-consumer food chain with primary operations in North and South America and worldwide distribution capabilities.

A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there by any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state or jurisdiction.

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