<SEC-DOCUMENT>0000950103-25-003862.txt : 20250327
<SEC-HEADER>0000950103-25-003862.hdr.sgml : 20250327
<ACCEPTANCE-DATETIME>20250327060140
ACCESSION NUMBER:		0000950103-25-003862
CONFORMED SUBMISSION TYPE:	SC14D9C
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250327

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
		EIN:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC14D9C
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-86092
		FILM NUMBER:		25774998

	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
		EIN:				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>dp226759_sc14d9c.htm
<DESCRIPTION>FORM SC14D9C
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

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

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

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

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

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

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

<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"><B>Under Section 14(d)(4) of the Securities Exchange
Act of 1934 </B></P>

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

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

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

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

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

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

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

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

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

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<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>

<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"><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"><B>28, Boulevard F.W. Raiffeisen,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>L - 2411 Luxembourg</B></P>

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

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

<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>

<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>

<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><I>With copies to:</I></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-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>Maurice Blanco</B></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"><B>Davis Polk &amp; Wardwell LLP</B></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"><B>New York, New York 10017</B></P>

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

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

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


<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font-size: 10pt; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD STYLE="width: 97%; font: 12pt Times New Roman, Times, Serif"><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>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This Schedule 14D-9 filing relates solely to preliminary communications
made before the commencement of the planned tender offer by Tether Investments S.A. de C.V. (&ldquo;Tether&rdquo;) for up to 49,596,510
Common Shares of Adecoagro S.A. (the &ldquo;Company&rdquo;) at a price in cash of $12.41 per Common Share, to be commenced pursuant to
the Transaction Agreement, dated as of March 26, 2025, by and between Tether and the Company.</P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD>Press Release dated March 27, 2025 titled &ldquo;Adecoagro Announces It Has Entered Into A Transaction Agreement With Tether Investments&rdquo;</TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, 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 </FONT><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></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #404040">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: (i) the
risk that the tender offer may not be completed in a timely manner or at all; (ii) uncertainties as to the percentage of the Company&rsquo;s
shareholders tendering their shares in the tender offer; (iii) the possibility that competing offers or acquisition proposals for the
Company will be made; (iv) the possibility that any or all of the various conditions to the consummation of the tender offer may not be
satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or
any conditions, limitations or restrictions placed on such approvals); (v) the occurrence of any event, change or other circumstance that
could give rise to the termination of the transaction agreement related to the tender offer, including in circumstances which would require
the Company to pay a termination fee or other expenses; (vi) the effect of the announcement or pendency of the transactions contemplated
by such transaction agreement on the Company&rsquo;s ability to retain and hire key personnel, its ability to maintain relationships with
its suppliers and others with whom it does business, or its operating results and business generally; (vii) risks related to diverting
management&rsquo;s attention from the Company&rsquo;s ongoing business operations; (viii) the risk that shareholder litigation in connection
with the transactions contemplated by such transaction agreement may result in significant costs of defense, indemnification and liability
and (ix) 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.</P>

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


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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #404040">Adecoagro Announces It Has Entered
Into A Transaction Agreement With Tether Investments</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; color: #404040">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040">LUXEMBOURG, March 27, 2025/PRNewswire/ -- Adecoagro
S.A. (NYSE: AGRO) (&ldquo;Adecoagro&rdquo; or the &ldquo;Company&rdquo;), a leading sustainable production company in South America and
Tether Investments S.A. de C.V. (&ldquo;Tether&rdquo;), a member of the Tether Group which includes the issuer of USDT, the world&rsquo;s
largest stablecoin, today announced that they have entered into a Transaction Agreement. Pursuant to the terms of the agreement, which
has been unanimously approved by Adecoagro&rsquo;s Board of Directors, Tether will promptly commence a tender offer to acquire up to 49,596,510&nbsp;&nbsp;Common
Shares of the Company at a price in cash of $12.41 per Common Share (representing, when added to the Shares already owned by Tether, approximately
70% of the outstanding Common Shares of the Company). The closing of the transaction is subject to certain closing conditions, including
there being validly tendered and not validly withdrawn a number of Common Shares that, when added to the Common Shares already owned by
Tether, represents at least 51% of the outstanding Common Shares on a fully diluted basis.</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">&ldquo;I am very excited about this transaction and
the opportunity to have a significant shareholder like Tether, who shares the entrepreneurial spirit that led us to create Adecoagro 23
years ago and that continues to be present in our day-to-day decisions.&rdquo; said Mariano Bosch, Co-Founder and Chief Executive Officer
of Adecoagro. &ldquo;At Adecoagro we produce food and renewable energy, which is associated with the traditional agribusiness industry,
but the adoption of cutting-edge technology is present in our four business segments and is a relevant driver of our low-cost strategy.
Having our largest shareholder understand the importance of technology and support our existing projects and future ventures, places us
in a privileged position to continue expanding our culture and work.&rdquo;</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">Mr. Bosch further added &ldquo;Tether&rsquo;s support
for the Company&rsquo;s strategic vision, is an acknowledgment to the hard work of our passionate and diverse team, that is capable of
developing these efficient and sustainable production models in the interior of Argentina, Brazil and Uruguay, with a constant focus on
doing things better every day to continue delivering long-term returns and generating value for our shareholders.&rdquo;</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">&ldquo;Among the things I am excited about is that our
Board of Directors, which is a key element of our governance model, will benefit from the continuity of some of our current members and
from the fresh ideas that the new additional directors will provide. Also, there is a specific retention plan for management, and we are
all excited to continue working hard on making Adecoagro an even better company&rdquo; elaborated Mr. Bosch.</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">Mr Bosch concluded &ldquo;I think we have reached an
agreement that respects and protects minority shareholders, and I am very happy about that. That is why I decided not to sell any of my
shares, unless it is necessary to move forward with the transaction and enable Tether to reach the minimum threshold.&rdquo;</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">Emilio Gnecco, Chief Financial Officer of Adecoagro
added &ldquo;The work we have done over the past years have led to deliver consistent results and better positioned us for long-term sustainable
growth. We are at a point where we have become a solid platform from which we can expand our current businesses and potential new ones.
The incorporation of a shareholder like Tether will allow us to pursue a more ambitious growth plan.&rdquo;</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">&ldquo;This transaction reflects Tether&rsquo;s commitment
to investing in sustainable, future-oriented companies that have a deep impact on real-world economies,&rdquo; said Paolo Ardoino, CEO
of Tether. &ldquo;Adecoagro has built an impressive track record of innovation in food and renewable energy production across South America,
and we are proud to support its vision. Our investment aligns with Tether&rsquo;s broader strategy to back infrastructure, technology,
and businesses that advance economic freedom and resilience, especially
in regions where these values are most needed. We look forward to contributing to Adecoagro&rsquo;s continued growth and long-term success.&rdquo;</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"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040">J.P. Morgan is acting as exclusive financial advisor
and Davis Polk &amp; Wardwell LLP and Elvinger Hoss Prussen are acting as legal advisors to the Company. McDermott Will &amp; Emery LLP
is acting as legal advisor to Tether.</P>

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


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<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">&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">&nbsp;</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"><B>About Tether:</B></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">Tether is a pioneer in the field of stablecoin technology,
driven by an aim to revolutionize the global financial landscape. With a mission to provide accessible and efficient financial, communication,
artificial intelligence, and energy infrastructure. Tether enables greater financial inclusion, and communication resilience, fosters
economic growth, and empowers individuals and businesses alike. As the creator of the largest, most transparent, and liquid stablecoin
in the industry, Tether is dedicated to building sustainable and resilient infrastructure for the benefit of underserved communities.
By leveraging cutting-edge blockchain and peer-to-peer technology, it is committed to bridging the gap between traditional financial systems
and the potential of decentralized finance.</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">&nbsp;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040"><B>Email:</B></FONT>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: rgb(61,152,198)">press@tether.to</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, 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">&nbsp;</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; color: #404040">&nbsp;</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">&nbsp;</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: (i) the
risk that the tender offer may not be completed in a timely manner or at all; (ii) uncertainties as to the percentage of the Company&rsquo;s
shareholders tendering their shares in the tender offer; (iii) the possibility that competing offers or acquisition proposals for the
Company will be made; (iv) the possibility that any or all of the various conditions to the consummation of the tender offer may not be
satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or
any conditions, limitations or restrictions placed on such approvals); (v) the occurrence of any event, change or other circumstance that
could give rise to the termination of the transaction agreement related to the tender offer, including in circumstances which would require
the Company to pay a termination fee or other expenses; (vi) the effect of the announcement or pendency of the transactions contemplated
by such transaction agreement on the Company&rsquo;s ability to retain and hire key personnel, its ability to maintain relationships with
its suppliers and others with whom it does business, or its operating results and business generally; (vii) risks related to diverting
management&rsquo;s attention from the Company&rsquo;s ongoing business operations; (viii) the risk that shareholder litigation in connection
with the transactions contemplated by such transaction agreement may result in significant costs of defense, indemnification and liability
and (ix) 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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