Acquisition of Worldwide Packaged Foods Business and Asia Fresh Produce Business of Dole -World's Largest Producer and Marketer of Fresh Fruit and Vegetables

September 18, 2012

ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) and Dole Food Company, Inc. (headquartered in Westlake Village, California, USA; hereinafter “Dole”) have agreed and signed a definitive agreement for ITOCHU’s acquisition of Dole’s worldwide packaged foods and Asia fresh produce businesses for $1.685 billion.

ITOCHU will disclose further information relating to this transaction after the completion of the required procedures.