ADECOAGRO S A

Ticker: AGRO CUSIP: L00849106 Class: Common Stock

Sandhill Capital Partners LLC's Holding History (CIK: 0001556245)

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

Q3 2013

Shares 24,187 Value ($000) $179 Avg Close $6.08 Range $5.48 - $6.85

Q2 2013

Shares 24,187 Value ($000) $151 Avg Close $6.50 Range $5.35 - $7.09

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2013	24,187	$179	$6.08	$5.48 - $6.85
Q2 2013	24,187	$151	$6.50	$5.35 - $7.09