Wilmar International Limited ("Wilmar") wishes to announce that its wholly-owned subsidiary, Wilmar Trading Pte Ltd ("WTPL"), was served with a writ of summons today which was issued out of the jurisdiction of the High Court of Malaya at Shah Alam in Malaysia on the application by the plaintiff in the writ of summons, Pacific Inter-Link Sdn Bhd ("PIL"), a Malaysian palm oil trader, for alleged defamation and unlawful interference with PIL's economic interests and business with regard to WTPL's contracts of sale of palm oil products with other parties. PIL was not a party to those contracts of sale of palm oil products between WTPL and other parties. The defendants named in the writ of summons are WTPL and three other Malaysian parties. PIL is claiming against all four defendants, jointly and severally, for amongst others, general damages of US$244,200,000, aggravated damages of US$200,000,000 as well as a public apology. Wilmar's lawyers have advised that there is no merit in PIL's claim and that the claim is totally frivolous, vexatious and an abuse of court process. In particular, it is not alleged in the writ of summons that WTPL is in breach of any contract with PIL. Wilmar’s lawyers have advised that in line with the legal principle of freedom of contract, WTPL is entitled to decide as to which party it wishes to deal with, and by choosing not to have business dealings with PIL for the past few years, WTPL is not in any way liable to PIL for alleged defamation and unlawful interference with PIL's economic interests and business. WTPL therefore intends to defend the claim vigorously, including but not limited to apply to strike out the writ of summons.
Wilmar International Limited
21 April 2011