ADECOAGRO S A

Ticker: AGRO CUSIP: L00849106 Class: Common Stock

DELTEC ASSET MANAGEMENT LLC's Holding History (CIK: 0001269950)

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

Q1 2018

Shares 140,530 Value ($000) $1,057 Avg Close $8.14 Range $6.44 - $9.46

Q4 2017

Shares 130,530 Value ($000) $1,350 Avg Close $8.93 Range $7.41 - $9.92

Q3 2017

Shares 142,130 Value ($000) $1,535 Avg Close $8.91 Range $8.47 - $9.67

Q2 2017

Shares 142,130 Value ($000) $1,420 Avg Close $9.73 Range $8.58 - $10.60

Q1 2017

Shares 142,130 Value ($000) $1,629 Avg Close $10.45 Range $9.23 - $11.82

Q4 2016

Shares 140,630 Value ($000) $1,460 Avg Close $9.58 Range $8.66 - $10.42

Q3 2016

Shares 161,010 Value ($000) $1,837 Avg Close $9.40 Range $8.34 - $10.21

Q2 2016

Shares 131,310 Value ($000) $1,440 Avg Close $9.77 Range $8.95 - $10.45

Q1 2016

Shares 87,000 Value ($000) $1,005 Avg Close $10.80 Range $9.46 - $11.94

Q4 2013

Shares 10,000 Value ($000) $81 Avg Close $7.07 Range $6.49 - $7.48

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	140,530	$1,057	$8.14	$6.44 - $9.46
Q4 2017	130,530	$1,350	$8.93	$7.41 - $9.92
Q3 2017	142,130	$1,535	$8.91	$8.47 - $9.67
Q2 2017	142,130	$1,420	$9.73	$8.58 - $10.60
Q1 2017	142,130	$1,629	$10.45	$9.23 - $11.82
Q4 2016	140,630	$1,460	$9.58	$8.66 - $10.42
Q3 2016	161,010	$1,837	$9.40	$8.34 - $10.21
Q2 2016	131,310	$1,440	$9.77	$8.95 - $10.45
Q1 2016	87,000	$1,005	$10.80	$9.46 - $11.94
Q4 2013	10,000	$81	$7.07	$6.49 - $7.48