THE SOLAE COMPANY SELECTS ST. LOUIS CITY AS HEADQUARTERS
Aggressive incentives keep headquarters downtown

ST. LOUIS, August 14, 2003 – The Solae Company today announced that it has signed a Letter of Intent with the Nestlé Purina PetCare Company to consolidate its North American headquarters and research operations in the City of St. Louis on the Nestlé Purina campus. It will also expand its existing R&D extrusion center located in Hazelwood, Missouri.

“We really have to commend the Missouri Department of Economic Development, the City of St. Louis, the St. Louis Development Corporation, the Greater St. Louis Regional Empowerment Zone, the St. Louis Regional Chamber & Growth Association, and the City of Hazelwood,” said Terry Fox, CFO of The Solae Company. “They all worked very aggressively to provide us with attractive options. Their incentives, together with cooperation from Nestlé, made it more attractive to expand at both our existing downtown headquarters and Hazlewood R&D sites than to move to a different site.” Fox went on to express his appreciation for the assistance provided by the St. Louis County Economic Council, and the competitive relocation offers received from the City of Hazelwood, Missouri, University Park and the City of Edwardsville, Illinois and the Illinois Department of Commerce and Community Affairs.

A decision was made in June to consolidate all Ft. Wayne, Indiana and St. Louis operations into the greater St. Louis area. A team led by Fox evaluated a number of potential sites within the St. Louis metropolitan area, ultimately deciding on space at the Nestlé Purina campus.

The company expects the transition to take up to one year before the Ft. Wayne facility is closed and operations are fully transitioned to St. Louis. “We’re glad to have made this decision, to be moving forward, and to be able to keep our focus on serving our customers,” continued Fox.

The Solae Company was formed on April 1, 2003, through the combination of DuPont’s Protein Technologies business, Bunge’s Brazilian specialty food ingredients business, and Bunge’s Central Soya global specialty ingredients operations.

The Solae Company serves food and beverage manufacturers, dietary supplement developers, retailers and consumers in 100 countries worldwide including the United States and Canada, Europe and Middle East, Latin America and the Asia/Pacific region. The company is part of an alliance between Bunge Limited (NYSE: BG) and DuPont (NYSE: DD). The company’s business is focused on significantly growing the global business in plant-based, specialty food ingredients, initially addressing soy protein and lecithin, soy isoflavones, and expanded offerings of products and services that help customers compete and prosper.

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