Adecoagro S.A. (AGRO) Continuing Discussions With Tether

Adecoagro S.A. (NYSE: AGRO) (the "Company"), a leading sustainable production company in South America, announces it is continuing discussions with Tether Investments S.A. de C.V. ("Tether") on Tether's proposal to acquire outstanding Common Shares of the Company at a price of $12.41 per Common Share through a tender offer that would result in Tether collectively holding 51% of the outstanding Common Shares of the Company. The Company and Tether have agreed to extend the expiration date of the previously executed Exclusivity Letter through March 30, 2025.

No assurances can be given that a definitive agreement will be entered into, that any transaction will be consummated, or the timing, terms or conditions of any such transaction. The Company's Board of Directors and management team are committed to enhancing shareholder value.

The Company does not intend to comment further on market speculation or disclose any developments unless and until it otherwise deems further disclosure is appropriate or required. The Company's shareholders are not required to take any action at this time.

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