ADM Announces Pricing of Private Exchange Offers

Archer Daniels Midland Company

announced today the pricing terms of its previously announced private offers to exchange any and all of its outstanding debentures listed below for new senior Debentures due 2042 and, for some series of Old Debentures, New Debentures and cash, established as of 11:00 a.m., New York City time, on September 21, 201 in accordance with ADM's offering memorandum dated September 8, 2011 and the related letter of transmittal. ADM also announced that the coupon on the New Debentures will be 4.535%, which has been determined in accordance with the Offering Memorandum. The Reference United States Treasury Security used to determine the coupon on the New Debentures and the total exchange price to be received in each Exchange Offer for all of the Old Debentures is the 4.375% United States Treasury due May 15, 2041. The bid-side yield of the Reference Treasury as of the Pricing Time was 3.185%. Set forth in the table below is the Total Exchange Price for each $1,000 principal amount of Old Debentures validly tendered and accepted by ADM at or prior to the Early Participation Date, determined in accordance with the Offering Memorandum, and the consideration to be received for the Total Exchange Price for each series of Old Debentures. Old Debentures validly tendered in the Exchange Offers at or prior to 5:00 p.m. New York City time, on September 21, 201 and not validly withdrawn at or prior to the Withdrawal Deadline are expected to settle on September 26, 2011 unless extended by ADM.