Adecoagro Announces Pricing of Secondary Offering by Selling Shareholder

LUXEMBOURG, Jan. 30, 2013 /PRNewswire/ -- Adecoagro SA (NYSE: [ AGRO ]), one of the leading agricultural companies in South America, announced today the pricing of an underwritten secondary offering of 13,900,000 common shares offered by HBK Master Fund LP at a price per share to the public of $8.00.

The selling shareholder has granted to Morgan Stanley & Co. LLC, the sole underwriter in the offering, a 30-day option to purchase up to an additional 2,085,000 of the common shares. Adecoagro will not receive any of the proceeds from the sale by the selling shareholder of the common shares in this offering.

The shares were offered pursuant to an effective shelf registration statement on Form F-3 that has been filed with the Securities and Exchange Commission (the "SEC"). A preliminary prospectus supplement related to the offering has been filed with the SEC and is available on the SEC's website at [ http://www.sec.gov ]. Copies of the preliminary prospectus supplement and accompanying prospectus related to the offering may be obtained by contacting Morgan Stanley, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014-4606, telephone: (866) 718-1649 (toll free), email: [ prospectus@morganstanley.com ].

This press release does not constitute an offer to sell or a solicitation of an offer to buy the shares of common stock or any other securities, nor will there be any sale of the shares of common stock or any other securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Additional Information for Investors

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Adecoagro cautions you that any statements contained in this press release that are not strictly historical statements constitute forward-looking statements. These statements are based upon current beliefs or expectations and are subject to various risks and uncertainties, including those set forth in Adecoagro's registration statement and other filings with the U.S. Securities and Exchange Commission, including the Annual Report on Form 20-F for the fiscal year ended December 31, 2011 (copies of which may be obtained from the SEC's website at [ http://www.sec.gov ]). Readers should not place undue reliance on any such forward-looking statements, which are made only as of the date hereof. Adecoagro undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in Adecoagro's expectations.

About Adecoagro

Adecoagro is a leading agricultural company in South America. Adecoagro owns over 283 thousand hectares of farmland and several industrial facilities spread across the most productive regions of Argentina, Brazil and Uruguay, where it produces over 1 million tons of agricultural products including corn, wheat, soybeans, rice, dairy products, sugar, ethanol and electricity, among others.

SOURCE Adecoagro SA

N@N

Adecoagro Announces Pricing of Secondary Offering by Selling Shareholder