2020 Annual Report A Letter from Gregory Heckman, Bunge CEO

Dear Shareholders,

2020 was a year to remember at Bunge. In addition to how we work, looking for opportunities to bring value geopolitical and regulatory changes, and the normal by creating a more safe and efficient workplace, building challenges in our industry related to crop production and stronger partnerships with our customers on both ends weather events, we faced a global pandemic that shifted of the supply chain, further enhancing risk management markets in unprecedented ways. Our team adjusted to and doing it all in a sustainable way. these circumstances, turning them into opportunities that enabled Bunge to deliver its best performance to Sustainability is core to Bunge’s business which is why date — all while adapting to new ways of working and we’ve set an industry-leading commitment to achieve maintaining protocols to keep each other as safe and deforestation-free value chains worldwide by 2025. We healthy as possible. are taking active steps to improve transparency in land use changes in . Most recently, we launched a new The team’s agility is one of the key benefits in our journey program aimed at fully tracking and monitoring areas where to transform Bunge into the highly functioning, successful Bunge makes indirect purchases of in regions organization we all knew it could be. With our new global subject to deforestation in the Cerrado. We recognize operating model in place, the team executed well on all the critical role we can play as an individual company, but three pillars of our 2020 plan: optimizing our portfolio, believe that permanent, long-term solutions are only driving operational performance, and strengthening our possible with the participation of all partners in the value financial discipline. chain. We are engaging with producers, NGOs, customers, governments and other stakeholders to meet the challenge. We completed or announced the sale of assets that were no longer core to our business or were underperforming. We are committed to this path because the work we do Moves included finalizing the transfer of our Brazilian is more vital than ever. We connect farmers to consumers sugar and bioenergy assets into a joint venture with BP; to deliver essential food, feed and fuel to the world. the sale of our Brazilian margarine and mayonnaise assets; Demand for all of these products is increasing and as the our tomato business; 35 U.S. grain elevators and the leader in Oilseed processing and distribution, we see divestiture of idled grain facilities in Eastern and many opportunities to grow by meeting these needs. a number of other smaller transactions. These portfolio We will continue to invest in our existing processing changes have simplified our business, improving returns and origination capabilities to improve operations that and enabling us to focus on our core strengths and markets. generate the highest returns; produce renewable feedstock for climate-friendly plant oil solutions; We are seeing tangible results from our work to improve innovate and expand our plant lipids portfolio to serve operational performance. Our industrial team set records the global ; and meet the demand for on a number of key metrics including reducing unplanned plant-based proteins. downtime, creating capacity utilization rates that hit historic highs. We successfully completed our start-ups in As we take on these new and exciting growth opportunities, Ghana and China in support of our specialty oils business, we know we have the right team to execute our strategy. and we drove productivity and cost improvement across 2020 reinforced the importance of creating inclusive, the portfolio. diverse and collaborative teams who work well together even if they are sitting miles apart. It was through their We are also seeing the benefits of our approach to risk flexibility and dedication that Bunge was able to deliver management. There will always be volatility in this such strong results. I am honored to lead a company with industry, but we were able to capture the upside of such an outstanding team. We look forward to continuing that volatility and protect against most of the downside. to drive Bunge’s success and thank you for your support. While we won’t always manage it perfectly, we know our approach is unique and powerful.

The next segment of our journey is focused on growth. We have a diverse and agile team that is committed to Gregory Heckman, Chief Executive Officer continuous improvement. We are constantly evaluating *#)())( (*')(#-#$""(($# ,0B78=6C>=  5555555555555555555555555555555555555555555555555555555555555555555555555555 $'" 

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 8/-3+*47/-/3'14,9./8<7/99+389'9+2+397+6:/7+*(>"+)9/43.'8(++3574;/*+*94:3-+/2/9+*'3*:3-+/2/9+*'3*,:73/8.+*949.+"+):7/9/+8'3*=).'3-+422/88/4347/9889',,:5437+6:+89 [This page intentionally left blank] [This page intentionally left blank] [This page intentionally left blank] Shareholder Information

Corporate Office Transfer Agent and Registrar Computershare, Inc. 1391 Timberlake Manor Parkway P.O. Box 50500 St. Louis, 63017 Louisville, KY 40233-5000 U.S.A. U.S.A. 314-292-2000 U.S. Shareholders Toll-Free Contact Information 800-851-9677 Corporate and Investor Relations 636-292-3014 Shareholders Outside the U.S. 201-680-6578 Board of Directors Kathleen Hyle, Chair TDD for Hearing-Impaired U.S. Shareholders Sheila Bair 800-952-9245 Vinita Bali Carol M. Browner TDD for Hearing-Impaired Shareholders Outside the U.S. Paul J. Fribourg 201-680-6610 J. Erik Fyrwald Gregory Heckman If you are a registered shareowner, you can access your Bernardo Hees Bunge account online by going to www.computershare.com/ Henry W. Winship investor Mark Zenuk Additional Shareowner Information Executive Leadership Team Bunge’s annual report, filed with the Securities and Gregory Heckman Exchange Commission (SEC) on Form 10-K, and other Deborah Borg SEC filings are available to you on our website at Aaron Buettner www.bunge.com or you can receive them via email by Robert Coviello choosing to “Register for Email Alerts” on the Investors Christos Dimopoulos page at www.bunge.com. Pierre Mauger John Neppl Stock Listing Raul Padilla New York Stock Exchange Joseph Podwika Robert Wagner Brian Zachman

Annual Meeting Bunge’s Annual General Meeting of Shareholders will be held via webcast at 11 a.m., Central Time, on May 5, 2021. See the proxy statement for additional information.

Independent Auditors Deloitte & Touche LLP 1391 Timberlake Manor Parkway St. Louis, Missouri 63017 314-292-2000 bunge.com