ADECOAGRO S A

Ticker: AGRO CUSIP: L00849106 Class: Common Stock

Manning & Napier Advisors LLC's Holding History (CIK: 0000062039)

Note: Option positions (PUT/CALL) are excluded.

Q3 2017

Shares 208,090 Value ($000) $2,246 Avg Close $8.91 Range $8.47 - $9.67

Q2 2017

Shares 209,820 Value ($000) $2,095 Avg Close $9.73 Range $8.58 - $10.60

Q1 2017

Shares 971,485 Value ($000) $11,132 Avg Close $10.45 Range $9.23 - $11.82

Q4 2016

Shares 2,408,790 Value ($000) $25,002 Avg Close $9.58 Range $8.66 - $10.42

Q3 2016

Shares 2,408,790 Value ($000) $27,483 Avg Close $9.40 Range $8.34 - $10.21

Q2 2016

Shares 1,564,750 Value ($000) $17,163 Avg Close $9.77 Range $8.95 - $10.45

Q1 2016

Shares 1,050,360 Value ($000) $12,130 Avg Close $10.80 Range $9.46 - $11.94

Q4 2015

Shares 153,141 Value ($000) $1,881 Avg Close $9.38 Range $7.05 - $11.16

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	208,090	$2,246	$8.91	$8.47 - $9.67
Q2 2017	209,820	$2,095	$9.73	$8.58 - $10.60
Q1 2017	971,485	$11,132	$10.45	$9.23 - $11.82
Q4 2016	2,408,790	$25,002	$9.58	$8.66 - $10.42
Q3 2016	2,408,790	$27,483	$9.40	$8.34 - $10.21
Q2 2016	1,564,750	$17,163	$9.77	$8.95 - $10.45
Q1 2016	1,050,360	$12,130	$10.80	$9.46 - $11.94
Q4 2015	153,141	$1,881	$9.38	$7.05 - $11.16