ADECOAGRO S A

Ticker: AGRO CUSIP: L00849106 Class: Common Stock

Capital Innovations LLC's Holding History (CIK: 0001596076)

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

Q2 2015

Shares 12,708 Value ($000) $117 Avg Close $8.85 Range $8.00 - $9.59

Q1 2015

Shares 13,478 Value ($000) $138 Avg Close $7.75 Range $6.79 - $10.16

Q4 2014

Shares 13,478 Value ($000) $108 Avg Close $7.71 Range $6.77 - $8.45

Q2 2014

Shares 13,478 Value ($000) $127 Avg Close $8.09 Range $7.18 - $8.95

Q1 2014

Shares 13,878 Value ($000) $1,132 Avg Close $6.93 Range $6.04 - $7.30

Q4 2013

Shares 13,878 Value ($000) $112 Avg Close $7.07 Range $6.49 - $7.48

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	12,708	$117	$8.85	$8.00 - $9.59
Q1 2015	13,478	$138	$7.75	$6.79 - $10.16
Q4 2014	13,478	$108	$7.71	$6.77 - $8.45
Q2 2014	13,478	$127	$8.09	$7.18 - $8.95
Q1 2014	13,878	$1,132	$6.93	$6.04 - $7.30
Q4 2013	13,878	$112	$7.07	$6.49 - $7.48