<SEC-DOCUMENT>0000950103-25-002368.txt : 20250225
<SEC-HEADER>0000950103-25-002368.hdr.sgml : 20250225
<ACCEPTANCE-DATETIME>20250225080059
ACCESSION NUMBER:		0000950103-25-002368
CONFORMED SUBMISSION TYPE:	SC14D9C
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250225
DATE AS OF CHANGE:		20250225

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Adecoagro S.A.
		CENTRAL INDEX KEY:			0001499505
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE PRODUCTION - CROPS [0100]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC14D9C
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-86092
		FILM NUMBER:		25659475

	BUSINESS ADDRESS:	
		STREET 1:		28, BOULEVARD F.W. RAIFFEEISEN
		CITY:			N/A
		STATE:			N4
		ZIP:			L-2411
		BUSINESS PHONE:		352 2689-8213

	MAIL ADDRESS:	
		STREET 1:		28, BOULEVARD F.W. RAIFFEEISEN
		CITY:			N/A
		STATE:			N4
		ZIP:			L-2411

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Adecoagro S.A.
		CENTRAL INDEX KEY:			0001499505
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE PRODUCTION - CROPS [0100]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC14D9C

	BUSINESS ADDRESS:	
		STREET 1:		28, BOULEVARD F.W. RAIFFEEISEN
		CITY:			N/A
		STATE:			N4
		ZIP:			L-2411
		BUSINESS PHONE:		352 2689-8213

	MAIL ADDRESS:	
		STREET 1:		28, BOULEVARD F.W. RAIFFEEISEN
		CITY:			N/A
		STATE:			N4
		ZIP:			L-2411
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC14D9C
<SEQUENCE>1
<FILENAME>dp225295_sc14d9c.htm
<DESCRIPTION>FORM SC14D9C
<TEXT>
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549 </B></P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 14D-9&nbsp;</B></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Rule 14d-101)&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Solicitation/Recommendation Statement </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Under Section 14(d)(4) of the Securities Exchange
Act of 1934 </B></P>

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<P STYLE="font: 28pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Adecoagro S.A.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Subject Company) </B></P>

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<P STYLE="font: 28pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Adecoagro S.A.</B></P>

<P STYLE="font: 28pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name of Persons Filing Statement) </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Common Shares, par value $1.50 per share </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Title of Class of Securities) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>L00849106 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(CUSIP Number of Class of Securities) </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Manuela Lamellari</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Vertigo Naos Building, 6, Rue Eug&egrave;ne
Ruppert</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>L - 2453 Luxembourg</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Tel: +352.2644.9372</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name, address, and telephone numbers of person
authorized to receive notices and communications </B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>on behalf of the persons filing statement</B>)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 10pt"><B><I>With copies to:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Maurice Blanco</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>James Dougherty</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Davis Polk &amp; Wardwell LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>450 Lexington Avenue</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, New York 10017</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(212) 450-4000</B></P>

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    <TD STYLE="width: 3%; font-size: 12pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD STYLE="width: 97%; font-size: 12pt"><FONT STYLE="font-size: 10pt">Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.</FONT></TD></TR>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">This Schedule
14D-9 filing relates solely to preliminary communications concerning the proposal by Tether Investments S.A. de C.V. (&ldquo;Tether&rdquo;)
to acquire outstanding Common Shares of Adecoagro S.A (the &ldquo;Company&rdquo;) through a tender offer that would result in Tether
holding 51% of the outstanding Common Shares of the Company.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">This Schedule
14D-9 filing consists of the following communication listed below related to the proposed tender offer:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Press Release
                                            dated February 25, 2025 titled &ldquo;Adecoagro Engaging In Discussions With Tether&rdquo;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>No
Offer or Solicitation; Additional Information and Where to Find It</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: #404040">The
tender offer referenced in this communication has not yet commenced.&nbsp;&nbsp;This announcement is for informational purposes only
and is neither an offer to purchase nor a solicitation of an offer to sell securities.&nbsp;&nbsp;The solicitation and offer to buy the
Company&rsquo;s securities will only be made pursuant to an Offer to Purchase and related tender offer materials.&nbsp;&nbsp;At the time
the tender offer is commenced, Tether will be required to file a tender offer statement on Schedule TO and thereafter the Company will
file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the tender offer.&nbsp;&nbsp;<B>THE TENDER
OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION
STATEMENT ON SCHEDULE 14D-9 WILL CONTAIN IMPORTANT INFORMATION.&nbsp;&nbsp;THE COMPANY&rsquo;S STOCKHOLDERS ARE URGED TO READ THESE DOCUMENTS
CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF THE COMPANY&rsquo;S SECURITIES SHOULD
CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SECURITIES.</B>&nbsp;&nbsp;These materials will be made available to the
Company&rsquo;s stockholders at no expense to them.&nbsp;&nbsp;The tender offer materials and the Solicitation/Recommendation Statement
will be made available for free at the SEC's website at </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><FONT STYLE="color: #404040">www.sec.gov</FONT><FONT STYLE="color: #404040">.&nbsp;&nbsp;Copies
of the documents filed by the Company with the SEC by will be available free of charge on the Company&rsquo;s internet website at </FONT><FONT STYLE="color: blue"><U>www.adecoagro.com
</U></FONT><FONT STYLE="color: #404040">or by contacting the Company&rsquo;s investor relations department at </FONT><FONT STYLE="color: #3D98C6">ir@adecoagro.com</FONT><FONT STYLE="color: #404040">.</FONT></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Forward
Looking Statements</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040"><FONT STYLE="font-family: Times New Roman, Times, Serif">This
communication contains information that may constitute forward-looking statements for purposes of applicable securities laws. Forward-looking
statements can be identified by the fact that they do not relate strictly to historic or current facts and often use words such as &ldquo;anticipate,&rdquo;
&ldquo;estimate,&rdquo; &ldquo;expect,&rdquo; &ldquo;believe,&rdquo; &ldquo;will likely result,&rdquo; &ldquo;outlook,&rdquo; &ldquo;project&rdquo;
and other words and expressions of similar meaning. Investors are cautioned not to place undue reliance on forward-looking statements.
Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors,
including, but not limited to, those set forth in the &ldquo;Risk Factors&rdquo; section of the Company&rsquo;s Form 20-F for the fiscal
year ended December 31, 2023 and subsequent filings with the SEC. The Company may not succeed in addressing these and other risks. Consequently,
all forward-looking statements in this communication are qualified by the factors, risks and uncertainties contained therein. In addition,
the forward-looking statements included in this communication represent the Company&rsquo;s views as of the date of this communication
and these views could change. However, while the Company may elect to update these forward-looking statements at some point, the Company
specifically disclaims any obligation to do so, other than as required by federal securities laws. These forward-looking statements should
not be relied upon as representing the Company&rsquo;s views as of any date subsequent to the date of this communication.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


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<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: #404040"><FONT STYLE="font-family: Times New Roman, Times, Serif">Adecoagro
Engaging In Discussions With Tether</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify; color: rgb(64,64,64)">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040">LUXEMBOURG, February 25, 2025/PRNewswire/ -- Adecoagro
S.A. (NYSE: AGRO) (the &ldquo;Company&rdquo;), a leading sustainable production company in South America, announces it is engaging in
discussions with Tether Investments S.A. de C.V. (&ldquo;Tether&rdquo;) on Tether&rsquo;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 has entered into an Exclusivity Letter to facilitate further negotiations with Tether.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040">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.&nbsp;&nbsp;The
Company&rsquo;s&nbsp;&nbsp;Board of Directors and management team are committed to enhancing shareholder value.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040">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.&nbsp;&nbsp;The
Company&rsquo;s shareholders are not required to take any action at this time.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040"><B>About Adecoagro:</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040">Adecoagro is a leading sustainable production company
in South America. Adecoagro owns 210.4 thousand hectares of farmland, and several industrial facilities spread across the most productive
regions of Argentina, Brazil and Uruguay, where it produces over 2.8 million tons of agricultural products and over 1 million MWh of renewable
electricity.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040">For questions please contact:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040">Victoria Cabello</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040"><B>IR Officer</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: #404040"><B>Email: </B></FONT><FONT STYLE="color: #3D98C6">ir@adecoagro.com
</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040"><B>No Offer or Solicitation; Additional Information
and Where to Find It</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="color: #404040">The tender offer referenced in this communication
has not yet commenced.&nbsp;&nbsp;This announcement is for informational purposes only and is neither an offer to purchase nor a solicitation
of an offer to sell securities.&nbsp;&nbsp;The solicitation and offer to buy the Company&rsquo;s securities will only be made pursuant
to an Offer to Purchase and related tender offer materials.&nbsp;&nbsp;At the time the tender offer is commenced, Tether will be required
to file a tender offer statement on Schedule TO and thereafter the Company will file a Solicitation/Recommendation Statement on Schedule
14D-9 with the SEC with respect to the tender offer.&nbsp;&nbsp;<B>THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED
LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 WILL
CONTAIN IMPORTANT INFORMATION.&nbsp;&nbsp;THE COMPANY&rsquo;S STOCKHOLDERS ARE URGED TO READ THESE DOCUMENTS CAREFULLY WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF THE COMPANY&rsquo;S SECURITIES SHOULD CONSIDER BEFORE MAKING
ANY DECISION REGARDING TENDERING THEIR SECURITIES.</B>&nbsp;&nbsp;These materials will be made available to the Company&rsquo;s stockholders
at no expense to them.&nbsp;&nbsp;The tender offer materials and the Solicitation/Recommendation Statement will be made available for
free at the SEC's website at www.sec.gov.&nbsp;&nbsp;Copies of the documents filed by the Company with the SEC by will be available free
of charge on the Company&rsquo;s internet website at </FONT><FONT STYLE="color: Blue"><U>www.adecoagro.com</U></FONT> <FONT STYLE="color: #404040">or
by contacting the Company&rsquo;s investor relations department at </FONT><FONT STYLE="color: #3D98C6">ir@adecoagro.com</FONT><FONT STYLE="color: #404040">.</FONT></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040"><B>Forward Looking Statements</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040">This release contains information that may constitute
forward-looking statements for purposes of applicable securities laws. Forward-looking statements can be identified by the fact that they
do not relate strictly to historic or current facts and often use words such as &ldquo;anticipate,&rdquo; &ldquo;estimate,&rdquo; &ldquo;expect,&rdquo;
&ldquo;believe,&rdquo; &ldquo;will likely result,&rdquo; &ldquo;outlook,&rdquo; &ldquo;project&rdquo; and other words and expressions
of similar meaning. Investors are cautioned not to place undue reliance on forward-looking statements. Actual results may differ materially
from those indicated by such forward-looking statements as a result of various important factors, including, but not limited to, those
set forth in the &ldquo;Risk Factors&rdquo; section of the Company&rsquo;s Form 20-F for the fiscal year ended December 31, 2023 and subsequent
filings with the SEC. The Company may not succeed in addressing these and other risks. Consequently, all forward-looking statements in
this release are qualified by the factors, risks and uncertainties contained therein. In addition, the forward-looking statements included
in this press release represent the Company&rsquo;s views as of the date of this press release and these views could change. However,
while the Company may elect to update these forward-looking statements at some point, the Company specifically disclaims any obligation
to do so, other than as required by federal securities laws. These forward-looking statements should not be relied upon as representing
the Company&rsquo;s views as of any date subsequent to the date of this release.</P>

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