-- Two Additional Ships Picking Up Grain in Russia

Harvest Commodities' ship, M/V Riva Wind, has departed from the Port of Odessa, 
Ukraine with 50,000 tons of grain, and the second ship, M/V Arizona, has left 
the Port of Chornomorsk, Ukraine with 55,000 tons of grain. The grain belongs 
to a joint venture between Harvest Commodities SA and Indonesia's Arsari Group. 
The joint venture is through PT Comexindo International.

Photo - https://mma.prnewswire.com/media/1873699/harvest.jpg

The ships are among the first commercial shipments from Odessa since the 
outbreak of conflict on 24th February 2022. Their safe passage was made 
possible as a result of the tireless efforts and agreement between the United 
States, Russian, Ukrainian, Turkish and Indonesian governments, as well as the 
United Nations.

"I would like to congratulate the collaboration among the leadership of the 
United States, Russia, Ukraine, Indonesia and Türkiye (formerly known as 
Turkey) for finding enough common ground so that they have an aligned vision to 
alleviate the global food shortage," said Gaurav Srivastava, Chairman of 
Harvest Commodities SA.  "I hope this can be a first step toward deescalation 
of the conflict."

"I also especially want to thank the captains and crews of both ships, who have 
been waiting on their ships since February 2022 in Ukraine. Getting the ships 
out of the Odessa Harbour is an act of great bravery and skill."  The ships are 
headed for Turkiye (formerly known as Turkey).

Also, two additional ships are picking up grain owned by Harvest Commodities 
from Novorossiysk, Russia — the M/V Shark with 25,000 tons of grain and the M/V 
Bronco with 10,000 tons of grain.

Mr. Srivastava said, "Given the fact that Indonesia is the president of the 
G20, Arsari Chairman Hashim Djojohadikusumo and I share a common vision to 
support the initiative for the food program both from Russia and Ukraine. We 
are honoured to be doing this work together."

This is the first of many shipments where the joint venture PT Comexindo 
International purchases grain from Russian and Ukrainian farmers and sells it 
to international buyers.

Harvest Commodities SA is an international merchant and distributor of 
agricultural product focused on matching supply and demand, managing the supply 
chain, and creating value through personalized logistics, financial, and risk 
mitigation services. It has operations in Los Angeles, USA/Moscow, Russia, 
Kyviv, Ukraine/Geneva, Switzerland/Jakarta, Indonesia.

PT Comexindo International, formerly known as PT Prima Comexindo, a member of 
Arsari Group, has been active in international trading since 1986, especially 
in countries including Russia, Ukraine, Kazakhstan, Azerbaijan, Uzbekistan, the 
former Yugoslavia, Africa and Southeast Asia.

Contacts:

Ariseno Ridhwan
Arsari Group
Indonesia
ariseno_ridhwan@arsari.co.id
+628111732078

Ong Hock Chuan
Maverick Indonesia
Indonesia
ong@maverick.co.id
+628128511198

Charlie Perkins
The Hawthorn Group
USA
cperkins@hawthorngroup.com
+1917232223

SOURCE  Harvest Commodities SA