[BUNGE LOGO] [GRAPHIC OMITTED] Exhibit 2
Contact: Susie Ter-Jung
Bunge Limited Announces Underwriters Exercise Option to Purchase Additional Common Shares
WHITE PLAINS, NY - May 27, 2004 - Bunge Limited (NYSE: BG) announced today that the underwriters of
its recent offering of 8,500,000 common shares have exercised in full their option to purchase an additional
1,275,000 common shares to cover over-allotments. Including the proceeds from the exercise of the over-
allotment option, the net proceeds of the offering to Bunge will be approximately $330 million. Bunge announced
on May 26, 2004 that the common shares would be offered to the public at a price of $35.20 per share. Credit
Suisse First Boston and Morgan Stanley acted as joint lead managers for the offering.
Bunge intends to use approximately $283 million of the proceeds from this offering to buy back the minority
interest in Bunge Brasil S.A., its publicly traded Brazilian subsidiary, pursuant to a previously announced tender
offer in Brazil. The remaining net proceeds from the offering will be used for general corporate purposes,
including acquisitions, capital expenditures and working capital purposes.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale
of these common shares in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such jurisdiction.
This offering of the shares of common stock may be made only by means of a prospectus, copies of which can
be obtained from Credit Suisse First Boston, Prospectus Department, One Madison Avenue, New York, New
York 10010 (telephone:
212-325-2580) or by faxing requests to 212-325-8057.
Bunge Limited (www.bunge.com) is an integrated, global agribusiness and food company operating in the farm-
to-consumer food chain. Founded in 1818 and headquarte