Alliance One Announces the Sale of Assets in Malawi

MORRISVILLE, N.C., March 31 /PRNewswire-FirstCall/ -- Alliance One
International, Inc. (NYSE: AOI) today announced that its wholly-owned
subsidiary, Alliance One Tobacco (Malawi) Limited ("AOI Malawi") has completed
the previously announced sale of its Lilongwe North Factory facility,
including one threshing line and other related assets, to Africaleaf
Processors Limited. The gross proceeds to AOI Malawi are approximately $14.8
million, of which $9.5 million will be recorded as a gain on sale of assets.
AOI Malawi separately made an additional investment to enhance the capacity of
its Lilongwe South Factory, reflecting the Company's continued commitment to
and confidence in the Malawi tobacco industry.
In making the announcement, Pete Harrison, the Company's Chief Executive
Officer, stated, "The sale of the Malawi assets is consistent with the
Company's continued strategic focus of identifying and pursuing cost savings
and further right-sizing our strategic global footprint."
Alliance One International is a leading independent leaf tobacco merchant
serving the world's large multinational cigarette manufacturers. For more
information on Alliance One, visit the Company's website at www.aointl.com .
SOURCE Alliance One International, Inc.

Joel Thomas of Alliance One International, Inc., +1-919-379-4300, or fax
+1-919 379 4346