Mark-to-market 
    timing 
    difference              44     161        (151)     186 
   Certain (gains) & 
    charges               (158)     --        (328)      71 
                      --------   -----   ---------   ------ 
   Adjusted Total 
    Segment EBIT      $    670   $ 512   $   1,850   $1,176 
                          ====    ====       =====    ===== 

Below is a reconciliation of Net income attributable to Bunge, to Adjusted Net income (loss) available for common shareholders:

                      Quarter Ended       Nine Months Ended 
                       September 30,         September 30, 
                    ------------------  ---------------------- 
(US$ in millions, 
except per share 
data)                  2021      2020      2021        2020 
------------------  ----------  ------  -----------  --------- 
Net income (loss) 
 attributable to 
 Bunge              $     653   $ 262   $    1,847   $  594 
Mark-to-market 
 timing 
 difference                33     126         (126)     146 
Certain (gains) 
and charges: 
      Severance, 
       employee 
     benefit, and 
         other             --      --           --        3 
      Commercial 
         claim 
       provision           --      --           --       66 
    Gain on sales 
       of assets           --      --         (165)      -- 
     Gain on sale 
         of a 
       business          (119)     --         (119)      -- 
      Income tax 
       benefits            --     (21)          --      (21) 
                    ---------   -----   ----------   ------ 
Adjusted Net 
 income (loss) 
 available for 
 common 
 shareholders       $     567   $ 367   $    1,437   $  788 
                        -----    ----       ------    ----- 
Weighted-average 
 common shares 
 outstanding - 
 diluted, adjusted 
 (a)                      153     149          152      150 
                    ---------   -----   ----------   ------ 
Adjusted Net 
 income (loss) per 
 common share - 
 diluted            $    3.72   $2.47   $     9.43   $ 5.26 
                        =====    ====       ======    ===== 
(a) Approximately 2 and 6 million outstanding stock options and contingently 
issuable restricted stock units were not dilutive and not included in the 
weighted-average number of common shares outstanding for the three months 
ended September 30, 2021 and 2020, respectively. Approximately 2 million and 6 
million outstanding stock options and contingently issuable restricted stock 
units were not dilutive and not included in the weighted-average number of 
common shares outstanding for the nine months ended September 30, 2021 and 
2020, respectively. 
   -- Notes 
(1)    A reconciliation of Net income (loss) attributable to Bunge, to Net 
       income (loss) is as follows: 
                                       Nine months ended September 30, 
                                   --------------------------------------- 
      (US$ in millions)                    2021                 2020 
                                   ---------------------  ---------------- 
      Net income (loss) 
       attributable to Bunge       $               1,847  $          594 
      EBIT attributable to 
       noncontrolling interest                        90               5 
      Noncontrolling interest 
       share of interest and tax                     (2)             (3) 
                                   ---------------------  -------------- 
      Net income (loss)            $               1,935  $          596 
                                   ====  ===============  ===  ========= 
(2)    The Processing business included in our Agribusiness segment consists 
       of: global oilseed processing activities, which principally include the 
       origination and crushing of oilseeds (including soybeans, canola, 
       rapeseed and sunflower seed) into protein meals and vegetable oils; the 
       distribution of oilseeds, oilseed products and fertilizer products 
       through our port terminals and transportation assets (including trucks, 
       railcars, barges and ocean vessels); fertilizer production; and 
       biodiesel production, which is partially conducted through joint 
       ventures. 
       The Merchandising business included in our Agribusiness segment 
       primarily consists of: global grain origination activities, which 
       principally include the purchasing, cleaning, drying, storing and 
       handling of corn, wheat and barley at our network of grain elevators; 
       logistical services for the distribution of these commodities to our 
       customer markets through our port terminals and transportation assets 
       (including trucks, railcars, barges and ocean vessels); and financial 
       services and activities for customers from whom we purchase 
       commodities, and other third parties. 
(3)    Mark-to-market timing difference comprises the estimated net temporary 
       impact resulting from unrealized period-end gains/losses associated 
       with the fair valuation of certain forward contracts, readily 
       marketable inventories (RMI), and related futures contracts associated 
       with our committed future operating capacity. The impact of these 
       mark-to-market timing differences, which is expected to reverse over 
       time due to the forward contracts, RMI, and related futures contracts 
       being part of an economically-hedged position, is not representative of 
       the operating performance of our business. 
(4)    In the reconciliation of Net income (loss) per common share - diluted 
       ("GAAP EPS") to Adjusted Net income (loss) per common share - diluted 
       ("Adjusted EPS"), the item "Adjustment of redeemable noncontrolling 
       interest" represents the impact on GAAP EPS of a retained earnings 
       adjustment associated with the carrying amount of the redeemable 
       noncontrolling interest recorded in respect of our 70% ownership 
       interest in Loders. The carrying amount of redeemable noncontrolling 
       interests is the greater of: (i) the initial carrying amount, increased 
       or decreased for the noncontrolling interests' share of net income or 
       loss, equity capital contributions and distributions or (ii) the 
       redemption value. Any resulting increases in the redemption value, in 
       excess of the initial carrying amount, increased or decreased for the 
       noncontrolling interests' share of net income or loss, equity capital 
       contributions and distributions, are affected by corresponding charges 
       against retained earnings. Additionally, any such charges to retained 
       earnings will affect Net income (loss) available to Bunge common 
       shareholders as part of Bunge's calculation of GAAP EPS. 
       Bunge's management excludes the "Adjustment of redeemable 
       noncontrolling interest" from its calculation of Adjusted EPS, on the 
       basis that it is independent of the Company's operations. However, such 
       charges reverse only to the extent that Loders' net income levels 
       result in the carrying amount of redeemable noncontrolling interests, 
       calculated as described above, exceeding the redemption value. 
(5)    A reconciliation of Cash provided by (used for) operating activities to 
       Adjusted funds from operations (FFO) is as follows: 
                                 Nine months ended September 30, 
                             --------------------------------------- 
   (US$ in millions)                2021                2020 
   ------------------------  ------------------  ------------------- 
   Cash provided by (used 
    for) operating 
    activities               $          (1,642)  $         (2,128) 
   Foreign exchange gain 
    (loss) on net debt                      (7)                126 
   Working capital changes                3,167              3,157 
   Net (income) loss 
    attributable to 
    noncontrolling 
    interests and 
    redeemable 
    noncontrolling 
    interests                              (88)                (2) 
   Mark-to-Market timing 
    difference, after tax                 (126)                146 
                             ------------------  ----------------- 
   Adjusted FFO              $            1,304  $           1,299 
                                 ==============      ============= 

View source version on businesswire.com: https://www.businesswire.com/news/home/20211027005383/en/

    CONTACT:    Investor Contact: 

Ruth Ann Wisener

Bunge Limited

636-292-3014

ruthann.wisener@bunge.com

Media Contact:

Bunge News Bureau

Bunge Limited

636-292-3022

news@bunge.com