Bunge Shareholders Approve Proposals at Annual Meeting

WHITE PLAINS, N.Y., May 23 /PRNewswire-FirstCall/ -- Bunge Limited's (NYSE:BG) shareholders today approved all proposals put before its annual general meeting of shareholders.

Election of Directors

Mr. Ernest G. Bachrach, Mr. Enrique H. Boilini, and Mr. Michael H. Bulkin were elected as Class III directors. The terms of the directors will expire in 2011.

Other Business
The shareholders also approved the following:

1. The appointment of Deloitte & Touche, LLP as independent auditors for
Bunge Limited for the fiscal year ending December 31, 2008, and the
authorization of the audit committee of the Board of Directors to
determine the independent auditors' fees.

2. An increase in the number of authorized common shares of Bunge from
240,000,000 to 400,000,000.

3. An increase in the number of authorized preference shares of Bunge
from 10,000,000 to 21,000,000.

4. Amendments to Bunge's bye-laws to permit Bunge to repurchase or
otherwise acquire its shares to hold as treasury shares.

About Bunge Limited

Bunge Limited (www.Bunge.com, NYSE: BG) is a leading global agribusiness and food company founded in 1818 and headquartered in White Plains, New York. Bunge's 25,000 employees in over 30 countries enhance lives by improving the global agribusiness and food production chain. The company supplies fertilizer to farmers in South America, originates, transports and processes oilseeds, grains and other agricultural commodities worldwide, produces food products for commercial customers and consumers and supplies raw materials and services to the biofuels industry.

First Call Analyst:
FCMN Contact: jonathan.hotz@bunge.com

Source: Bunge Limited

CONTACT: Investors Contact, Mark Haden, +1-914-684-3398,
Mark.Haden@Bunge.com, or Media Contact, Stewart Lindsay, +1-914-684-3369,
Stewart.Lindsay@Bunge.com, both of Bunge Limited

Web site: http://www.bunge.com/

2008-05-23 16:23:32 0369912 PRNEWSWIRE