ADECOAGRO S A

Ticker: AGRO CUSIP: L00849106 Class: Common Stock

PICTON MAHONEY ASSET MANAGEMENT's Holding History (CIK: 0001539041)

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

Q4 2015

Shares 51,200 Value ($000) $629 Avg Close $9.38 Range $7.05 - $11.16

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	51,200	$629	$9.38	$7.05 - $11.16