Adecoagro SA

FORWARD-LOOKING STATEMENTS

This annual report contains forward-looking statements that are based on our current expectations, assumptions, estimates and projections about us and our industry. These forward-looking statements can be identified by words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “is/are likely to,” “may,” “plan,” “should,” “would,” or other similar expressions. The forward-looking statements included in this annual report relate to, among others:

•our business prospects and future results of operations;

•weather and other natural phenomena;

•developments in, or changes to, the laws, regulations and governmental policies governing our business, including limitations on ownership of farmland by foreign entities in certain jurisdictions in which we operate, environmental laws and regulations;

•the implementation of our business strategy;

•the correlation between petroleum, ethanol and sugar prices;

•our plans relating to acquisitions, joint ventures, strategic alliances or divestitures, and to consolidate our position in different businesses;

•the efficiencies, cost savings and competitive advantages resulting from acquisitions;

•the implementation of our financing strategy and capital expenditure plan;

•the maintenance of our relationships with customers;

•the competitive nature of the industries in which we operate;

•the cost and availability of financing;

•future demand for the commodities we produce;

•international prices for commodities;

•the condition of our land holdings;

•the development of the logistics and infrastructure for transportation of our products in the countries where we operate;

•the length and severity of the coronavirus (COVID-19) pandemic or any other pandemic outbreak;

•the performance of the South American and world economies;

•the relative value of the Brazilian Real, the Argentine Peso and the Uruguayan Peso compared to other currencies; and

•the factors discussed under the section entitled “Risk Factors” in this annual report.

These forward-looking statements involve various risks and uncertainties. Although we believe that our expectations expressed in these forward-looking statements are reasonable, our expectations may turn out to be incorrect. Our actual results could be materially different from our expectations. In light of the risks and uncertainties described above, the estimates and forward-looking statements discussed in this annual report might not occur, and our future results and our performance may differ materially from those expressed in these forward-looking statements due to, including, but not limited to, the factors mentioned above. Because of these uncertainties, you should not make any investment decision based on these estimates and forward-looking statements.

The forward-looking statements made in this annual report relate only to events or information as of the date on which the statements are made. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events.