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CAMPOSOL The World’s Largest Asparagus exporter

First Quarter 2012 Results

CAMPOSOL Holding Plc First Quarter Report 2012

The World’s Largest Asparagus exporter

Results

Holding Plc First Quarter Report 2012

First Quarter 2012 Highlights

- Sales of USD 37.5 million, up asparagus and grapes.

- EBITDA before fair value adjustments (b.f.v.a.) of USD EBITDA (b.f.v.a.) margin is asparagus and grapes.

- On January 26th 2012, Camposol S.A., Camposol Holding Plc´s subsidiary, successfully issued a USD 125 MM 9.875% senior unsecured notes due 2017, which Camposol Holding Plc as parent guarantor and Marinazul S.A. and Campoinca S.A. as subsidiary guarantors. Settlement of the bond issue occurred on February 2nd, 2012.net proceeds from the bond issue expenditures and for general corporate uses.its access to a long term source of financing which is far greater and deeper that the options it had previously developed.

- On 27 February, Mr. Christopher Yetter, a member of the Board of Directors of Camposol Holding Plc since 2007, presented his resignation. On that same date, appointed member of the Board of Directors of Camposol Holding Plc.

- On 12 March, the Company March, after the settlement of the offer, Camposol Holding Plcshares, equivalent to approximately 3.64% of the total shareholding.

Key Figures of CAMPOSOL Holding Plc. and Subsidia

USD Thousands (if not otherwise stated)

Sales Gross profit Operating profit (Loss) Profit before income tax(Loss) Profit for the period EBITDA before fair value adjustmentGross Margin EBITDA b.f.v.a. Margin

All figures according to IFRS * Non audited ** Audited


Highlights

million, up 2.9% from Q1´11, mainly due to an increase in sales

EBITDA before fair value adjustments (b.f.v.a.) of USD 3.6 million, up 16.3% from is 9.6%, up 1.1% from 2011 due to an increase in sales of

On January 26th 2012, Camposol S.A., Camposol Holding Plc´s subsidiary, successfully issued a USD 125 MM 9.875% senior unsecured notes due 2017, which are guaranteed by Camposol Holding Plc as parent guarantor and Marinazul S.A. and Campoinca S.A. as

Settlement of the bond issue occurred on February 2nd, 2012.net proceeds from the bond issue were used to pay long term debt, to finance capital expenditures and for general corporate uses. With this transaction, the Company securits access to a long term source of financing which is far greater and deeper that the options it had previously developed.

Mr. Christopher Yetter, a member of the Board of Directors of Camposol Holding Plc since 2007, presented his resignation. On that same date, Mr. Sam Aguirre

member of the Board of Directors of Camposol Holding Plc.

On 12 March, the Company announced an offer to repurchase own shares. fter the settlement of the offer, Camposol Holding Plc owns 1,087,372 own

shares, equivalent to approximately 3.64% of the total shareholding.

Key Figures of CAMPOSOL Holding Plc. and Subsidiaries

For the period ended

31 March

For the year

ended 31

December

housands (if not otherwise stated) 2012* 2011* 2011*

37,501) 36,428) 9,433) 9,744) 1,004) 1,358)

before income tax (3,976) (605) (3,451) (472)

EBITDA before fair value adjustment 3,606) 3,101) 25.2%) 26.7% 9.6%)) 8.5%


2

increase in sales of

% from Q1´11. due to an increase in sales of

On January 26th 2012, Camposol S.A., Camposol Holding Plc´s subsidiary, successfully guaranteed by

Camposol Holding Plc as parent guarantor and Marinazul S.A. and Campoinca S.A. as Settlement of the bond issue occurred on February 2nd, 2012. The

re used to pay long term debt, to finance capital With this transaction, the Company secured

its access to a long term source of financing which is far greater and deeper that the

Mr. Christopher Yetter, a member of the Board of Directors of Camposol Mr. Sam Aguirre was

announced an offer to repurchase own shares. As of 26 1,087,372 own

For the year

ended 31

December

2011**

167,810

58,267

51,314

41,634) 33,345) 30,794

34.7%

18.4%

Last Twelve Months EBITDA (rolling) of Camposol Holding PLC and Subsidiaries

Financial Review for the Quarter

The figures below describe developments in

the first quarter 2012, with figures for the

quarter of 2011 in parenthesis.

Results As most of the company’s investments have been in avocados and grapes which are mainly produced in second quarter and fourth quarter respectively, first quarter figures are lower and can be compared only to the same period on a previous year and not to a previous quarter. Revenue for the first quarter of 201USD 37.5 million (36.4), up 2.9% from the same period last year. The main reasons for the increased revenues were volumes sold as well as prices and asparagus. EBITDA (b.f.v.a.) margin increased to 9.6% in the first quarter 2012 (8.5%). This was mainly due to higher price and volume sold of grapes and asparagus. The Company’s gross profit deUSD 9.4 million this quarter (9.resulted in a gross margin of 25.mainly due to lower volumes


Last Twelve Months EBITDA (rolling) of Camposol Holding PLC and Subsidiaries

Financial Review for the Quarter

The figures below describe developments in

, with figures for the

As most of the company’s investments have been in avocados and grapes which

produced in second – third quarter and fourth quarter respectively, first quarter figures are lower and can be compared only to the same period on a

t to a previous

of 2012 was % from the

same period last year. The main reasons revenues were higher

prices of grapes

b.f.v.a.) margin increased to 9.6% in the first quarter 2012 (8.5%). This was mainly due to higher price and volume sold

decreased to 9.7), which .2% (26.7%) s sold and

higher costs in selected products such as pepper and mangoes. The net adjustment from change in fair value of biological assets in the quarter was USD 1.4 million (1.1). Administrative expenses amounted to USD 4.4 million in the first quarter of 201(4.2). Selling expenses decreased to USD million in the first quarter, downUSD 5.3 million in the same period thebefore, as a result of lower variable costs from lower volumes sold of pepper andmangoes. Freight and shipping rates remained stable. Operating profit decreased to USD million, slightly lower than in thequarter of the previous year (1.4 Financial costs increased to USD in the first quarter this year (2.0)Such increase is mainly explained by theexit of the long term loan facility with Interbank, which involved costs associated to the prepayment of the loan in the amount of USD 0.4 million, the write off of


3

products such as

The net adjustment from change in fair quarter was

amounted to quarter of 2012

creased to USD 4.8 down from

same period the year er variable costs

pepper and . Freight and shipping rates

creased to USD 1.0 in the first 4).

USD 5.1 million 0).

Such increase is mainly explained by the the long term loan facility with , which involved costs associated

to the prepayment of the loan in the the write off of

USD 0.8 million of set up and amendment costs which were been amortized during the life of the loan and USD 1.9 MM of additional interest expense from 125 MM 9.875% notes as the principal and the interest rate are higher than previfacility. For the first quarter of 2012, the Company recorded an EBITDA of USD 3.6 MM, 16% higher than in the first quarter of 2011, and a loss of USD 3.5 million (0.5mainly explained by the increase in financial expenses explained above

Cash Flow and Balance Sheet During the first three months of the yearnon-current assets increased to USD million compared to USD 333.5the end 2011 mainly due to an increase in property, plant and equipment, net and the non-current portion of biological assets. Inventories increased to USD 4at the end of the first quarter of compared to USD 44.3 million at the end of 2011. Such increase is mainly explained by an increase in the inventory of finishproducts, mainly fresh white asparagus and frozen mangoes which were produced during the quarter and will rotate in the following months. Trade accounts receivable decreasedUSD 29.4 million at the end of 20120.8 million at the end of first quarter 2012. This was mainly due to the collection of the accounts receivable from were outstanding at the end of 2011. At the end of the first quarter 2012payables were USD 28.2 million, USD million lower than at the end of 201Such decrease is mainly explained bypurchases during the period as compared to the previous quarter which is peak season of asparagus production and by new purchases with advanced payment to


USD 0.8 million of set up and amendment costs which were been amortized during

USD 1.9 MM of se from the USD

as the principal and the interest rate are higher than previous

, the Company n EBITDA of USD 3.6 MM, 16%

higher than in the first quarter of 2011, and 5) which is

mainly explained by the increase in financial expenses explained above.

Cash Flow and Balance Sheet

the first three months of the year, current assets increased to USD 335.0

5 million at mainly due to an increase in

roperty, plant and equipment, net and portion of biological

45.9 million the first quarter of 2012,

million at the end of increase is mainly explained by

an increase in the inventory of finished fresh white asparagus and

which were produced during the quarter and will rotate in the

decreased from million at the end of 2011 to USD

first quarter of the collection

from grapes that at the end of 2011.

2012, trade million, USD 11.9

er than at the end of 2011. crease is mainly explained by lower

purchases during the period as compared to the previous quarter which is peak season of asparagus production and by new purchases with advanced payment to

take advantage of attractive price discounts. As a result, total working capital (trade accounts receivable + inventories accounts payable) increased to USD 3million at the end of the first quarter of 2012 from USD 33.7 million at the end of 2011. Current working capital as 32012 is 23% of LTM sales (20% at the end of 2011). Total liabilities increased to USD million compared to USD 165.7the end of 2011. The Company’s debt increased from USD 90.5 million at the end of 201USD 136.8 million at the end of quarter of 2012, mainly due to of the long-term debt (USD 125 MM 9.875% senior unsecured notes issuance). The Company’s debt includes million of the senior unsecured notes10.8 million (86.0) to banks and million (4.5) to sellers of acquired companies. During the first quarter of the Company invested USD 3.0 million (1the end of 2011), of which USD 1.7 million were invested in the maintenance of the new planted areas of tangerines and avocados, USD 0.5 million was equipment and infrastructure in order to improve the packing facility and fields0.6 million in the additional current and new products, and USD 0.2 million in upgrading the administrative offices. By the end of the first quarter of 2012company consumed USD 10.0 MM in operating activities mainly by the increased working capital, used USD 3.1investing activities and generated million from financing activities, resulting in a net increase in cash of USD and a cash balance at the end of quarter of 2012 of USD 33.6 million.


4

take advantage of attractive price

ult, total working capital (trade accounts receivable + inventories – accounts payable) increased to USD 38.5

the first quarter of million at the end of

working capital as 31 March % at the end

Total liabilities increased to USD 201.0 7 million at

The Company’s debt increased from million at the end of 2011 to million at the end of the first

, mainly due to an increase (USD 125 MM

9.875% senior unsecured notes issuance).

Company’s debt includes USD 121.6 of the senior unsecured notes, USD

) to banks and USD 4.4 ) to sellers of acquired

first quarter of the year the million (19.7 at USD 1.7 million

were invested in the maintenance of the new planted areas of tangerines and

million was invested in equipment and infrastructure in order to

and fields, USD additional planting of

and USD 0.2 million in upgrading the administrative

of 2012, the consumed USD 10.0 MM in

operating activities mainly by the increased 3.1 million in

generated USD 40.1 million from financing activities, resulting

crease in cash of USD 27.0 million and a cash balance at the end of first

million.

Segment Reporting for the

First Quarter 2012 Results

Period ended 31 March 2012

Asparagus Avocado

USD thousands

Revenues

16,824

Gross profit 4,425 Gross margin % 26.3%

Net Metric Tonnes

Volume produced* 5,218 Volumes sold* 4,740

USD/kg

Weighted avg. Price 3.55

Asparagus One of CAMPOSOL’s main productswhite asparagus which represents more than 42% of the Company’s total sales and 93% of the total asparagus sales of quarter of 2012. Any variation in prices, costs and volumes of this product have an important impact over the Company’s financial performance. The Company sold 2,212 net MTwhite asparagus at an average price ofUSD 3.50 per net KG during quarter of 2012, representing aof 19.3% in volume sold and 5.0% in compared to the same period of CAMPOSOL sold a total of 2,229preserved white asparagus in quarter of 2012 at an average price of USD 3.51 per net Kg, which represented aincrease of 13.1% in volume and 13.7% in price over the same period in 201In the first quarter of 2012, margin for asparagus was 26.3%, up (percent points) from the same period the year before.

Avocado Avocados are usually harvested during the second and third quarter; therefore


egment Reporting for the First Quarter 2012

Avocado Artichoke Pepper Mango Grapes Shrimp

842 912

2,246

8,712 2,364

4,862 365 252 379 2,454 1,027 1,128 43.3% 27.6% 16.9% 28.2% 43.4% 23.2% (80.8%)

- 4 226 8,561 611 698

224 192 756 6,746 1,084 654

3.76 4.76 2.97 1.29 2.18 7.43

products is the white asparagus which represents more

% of the Company’s total sales and % of the total asparagus sales of first

. Any variation in prices, costs and volumes of this product may

impact over the Company’s financial performance.

et MTs of fresh white asparagus at an average price of

per net KG during the first , representing an increase

5.0% in price the same period of 2011.

229 net MT of preserved white asparagus in the first

at an average price of USD , which represented an

in volume and 13.7% in over the same period in 2011.

total gross %, up 1.3pp

same period the

Avocados are usually harvested during the second and third quarter; therefore

significantly lower volumes, mainly of frozen product, are normal during the other quarters. CAMPOSOL sold 224 net MTs of fravocado during the first quarter of an average price of USD 3.84 representing an increase of volume sold compared to the same period of 2011. During the first quarter of 2012margin for avocado was 43.3%, neither sales nor gross margin inperiod the year before.

Pepper

During the first quarter of CAMPOSOL sold 756 net MTs of preserved piquillo peppers with an average price of USD 2.97 per net KG. This represents adecrease of 64.4% in volume sold and a price increase of 17.4% compared to the same period in 2011. During the first quarter of 2012margin for pepper was 16.10.9pp from the same period the before.

Holding Plc First Quarter Report 2012

Other Total

739

37,501 (597) 9,433

(80.8%) 25.2%

significantly lower volumes, mainly of frozen product, are normal during the

net MTs of frozen first quarter of 2012, at

per net KG representing an increase of 100% in volume sold compared to the same period

2 total gross , there were

gross margin in the same

the first quarter of 2012, net MTs of preserved

piquillo peppers with an average price of This represents a

% in volume sold and a % compared to the

2 total gross .9%, down

same period the year

Mango During the first quarter of 2012 CAMPOSOL sold 5,614 net MTs of fresh mango with an average price of USD 1.14 per net KG. This represents a decrease of 45.0% in volume sold and a price increase of compared with the same period in 201The significant decrease in volume is explained by both a decrease in own production in the amount of 3,720 Mproduction from third partiesamount of 2,434 MT. In the first quarter of 2012 CAMPOSOL 1,132 net MTs of frozen mango with an average price of USD 2.02 per net KG. This represents an increase of 9.8% in volume sold and a price increase compared to the same period in 20 During the first quarter of 2012margin for mango was 27.9%, down (percent points) from the same period the year before.

Grapes Grapes are usually harvested during the fourth quarter; therefore significantly lower volumes are normal during the other quarters. During the first quarter of 2012, tcompany sold 1,084 net MTs of fresh


CAMPOSOL net MTs of fresh mango with an

per net KG. This % in volume

crease of 11.9% compared with the same period in 2011. The significant decrease in volume is explained by both a decrease in own

3,720 MT and production from third parties in the

CAMPOSOL sold net MTs of frozen mango with an


increase of 30.7% compared to the same period in 2011.

2 total gross %, down 5.0pp

from the same period the

Grapes are usually harvested during the fourth quarter; therefore significantly lower volumes are normal during the other

the first quarter of 2012, the net MTs of fresh

grapes with an average price of USD 2.per net KG. This represents an increase of 189% in volume sold and a price decrease of 51.3% compared with the same period in 2011. The significant increase in volume is explained by the fact that 60 of the 351 Has planted in 2010 gave first harvest at the end of 2011 and beginning of 2012thus production was sold during the first quarter of 2012. During the first quarter of 2012margin for grape was 43.4%, (percent points) from the previous year.

Shrimp CAMPOSOL sold 654 net MTs of shrimp during the first quarter of 201average price of USD 7.43 per net KG. This represents an increase of 34.9% in volume sold and a price decrease of compared to the same period in 20Such increase in volumes comes from the investments performed in 2011 to upgrade the acquired ponds. During the first quarter of 2012margin for shrimp was 23.2%, down(percent points) from the same period in 2011. For further segment information please refer to page 19.


6

with an average price of USD 2.18 This represents an increase of

189% in volume sold and a price decrease of 51.3% compared with the same period in 2011. The significant increase in volume

60 of the 351 Has planted in 2010 gave first harvest at

and beginning of 2012, thus production was sold during the first

2 total gross %, up 6.4pp

previous year.

net MTs of shrimp 2012 at an


crease of 16.8% compared to the same period in 2011. Such increase in volumes comes from the nvestments performed in 2011 to upgrade

2 total gross down 1.1pp

the same period in

For further segment information please

Investment Program

During the first quarter of Company invested USD 3.0 million (1the end of 2011), of which USD 1.7 million were invested in the maintenance of the new planted areas of tangerines and avocados, USD 0.5 million was invested in equipment and infrastructure in order to improve the packing facility and fields, USD 0.6 million in the additional planting of current and new products, and USD 0.2 million in upgrading the administrative offices.

Age of Fields

As of March 31, 2012

Age (years)

White Asparagus

(Ha) Asparagus

0 – 1 - 1 – 2 - 2 – 3 154 3 – 4 748 4 – 5 - 5 – 6 606 6 – 7 357 7 – 8 149 8 – 9 -

9 – 10 - 10 - + -

Total Ha 2,014


the first quarter of 2012, the million (19.7 at

of which USD 1.7 million were invested in the maintenance of the new planted areas of tangerines and avocados, USD 0.5 million was invested in equipment and infrastructure in order to improve the packing facility and fields, USD

nal planting of current and new products, and USD 0.2 million in upgrading the administrative

As of 31 March 2012, CAMPOSOL had 2,546 Has of asparagus, 2,603avocado, 415 Has of mango, 451 Has of grapes and 102 Has of tangerines planteIn addition it also has 624 Has of shrimp ponds farmed and 401 Has of pepper. The Company had the following planted areas by the end of first quarter of

Green Asparagus

(Ha) Avocado

(Ha) Mangos

(Ha) Grapes

(Ha) Tangerines

- 155 - - - 491 - 351 - 1,051 - 49

14 81 - 51 176 - - - 226 - - -

42 104 11 - 74 - 36 -

- 72 - - - - - - - 649 368 -

532 2,603 415 451


7

, CAMPOSOL had 603 Has of

avocado, 415 Has of mango, 451 Has of grapes and 102 Has of tangerines planted.

Has of shrimp Has of pepper.

d the following planted first quarter of 2012:

Tangerines

(Ha)

- -

56 46

- - - - - - -

102

Important Events during

Issuance of USD 125 MM 9.875% bond

On January 26th 2012, Camposol S.A., Camposol Holding Plc´s subsidiary, successfully issued a USD 125 MM 9.875% senior unsecured notes due 2017, which are guaranteed by Camposol Holding Plc as parent guarantor and Marinazul S.A. and Campoinca S.A. as subsidiary guarantors. Settlement of the bond issue occurred on February 2nd, 2012.

The net proceeds from the bond issue, are to be used to pay long term debt, to finance capital expenditures and forgeneral corporate uses.

“We are delighted to announce thebond issue of the agricultural sector outside Brazil. It is noteworthy it was announced right after the sovereign and quasi sovereign bonds, and when compared to other bonds in the industry, from larger and more liquid companies, price is quite comparable,” says Samuel Dyer Coriat, Executive Chairman of Camposol Holding Plc.

Sam Aguirre is appointed member of

the Board of Directors

On 27 February, the Board of Directors of Camposol Holding Plc appointed Mr. Sam Aguirre as member of the Board of Directors of Camposol Holding Plc. As of the same date, Mr. Christopher Yetter, a member of the Board of Directors of Camposol Holding Plc since 2007 presented his resignation. “We would like to take this opportunity to thank Mr. Yetter for all the years to the Company and wish him the best in his future endeavors. Also, we would like to welcome Mr. Aguirre to the Board of Directors. We are sure his business expertise and insights will help us achieve our new vision of being an internationally


ts during first quarter of 2012

Issuance of USD 125 MM 9.875% bond

On January 26th 2012, Camposol S.A., Camposol Holding Plc´s subsidiary, successfully issued a USD 125 MM 9.875% senior unsecured notes due 2017, which

guaranteed by Camposol Holding Plc as parent guarantor and Marinazul S.A. and

idiary guarantors. Settlement of the bond issue occurred on

The net proceeds from the bond issue, are to be used to pay long term debt, to finance capital expenditures and for

“We are delighted to announce the first bond issue of the agricultural sector outside Brazil. It is noteworthy it was announced right after the sovereign and quasi sovereign bonds, and when compared to other bonds in the industry, from larger and more liquid companies,

parable,” says Samuel Dyer Coriat, Executive Chairman of

Sam Aguirre is appointed member of

On 27 February, the Board of Directors of Camposol Holding Plc appointed Mr. Sam Aguirre as member of the Board of

irectors of Camposol Holding Plc.

As of the same date, Mr. Christopher Yetter, a member of the Board of Directors of Camposol Holding Plc since 2007

“We would like to take this opportunity to thank Mr. Yetter for all the years he served to the Company and wish him the best in his future endeavors. Also, we would like to welcome Mr. Aguirre to the Board of Directors. We are sure his business

will help us achieve our new vision of being an internationally

admired provider of high quality branded agricultural products to our clients and end consumers while building a much bigger and profitable company for our stockholders, creating social value to our prioritized stakeholders and reducing our environmental impact,” says Samuel Dyer Coriat, Executive Chairman of Camposol Holding Plc.

Camposol offers to purchase own

shares On 12 March, pursuant to the authorization to acquire own shares granted by the Annual General Meeting on24 May 2011, Camposol Holding P"Company") offered to buy back own shares issued by Camposol Holding "Shares") at a price per Share of NOK 2(the "Offer"). The Offer was March 26 and limited to an aggregate total of 2,250,000 Shares, which constitutesabout 7.55% of the issued Shares of the Company. As a reference, the weighted average price per share for the volume traded during the period from 28 February 2012 (Camposol Holding plc publishing fourth quarter and preliminary year 2011 financial results) until and including 9 March 2012 was NOK 23.27. The maximum number of Shares that was to be acquired from any one tendering shareholder under the Offer was limited to 300,000 shares. As of 26 March, after the settlement of the offer, Camposol Holding Plc owns 1,087,372 own shares, equivalent to approximately 3.64% of the total shareholding.


8

admired provider of high quality branded agricultural products to our clients and end consumers while building a much bigger and profitable company for our stockholders, creating social value to our prioritized stakeholders and reducing our

mpact,” says Samuel Dyer Coriat, Executive Chairman of Camposol

Camposol offers to purchase own

ursuant to the authorization to acquire own shares granted by the Annual General Meeting on 24 May 2011, Camposol Holding Plc (the

to buy back own shares issued by Camposol Holding Plc (the "Shares") at a price per Share of NOK 26

was valid until limited to an aggregate total

which constitutes about 7.55% of the issued Shares of the

he weighted average price for the volume traded during the

from 28 February 2012 (Camposol publishing fourth quarter and

preliminary year 2011 financial results) until and including 9 March 2012 was NOK

The maximum number of Shares that was to be acquired from any one tendering shareholder under the Offer was limited to

As of 26 March, after the settlement of the offer, Camposol Holding Plc owns 1,087,372 own shares, equivalent to approximately 3.64% of the total

Outlook The Company is currently focusadding value to its clients through commercial, marketing and service initiatives which should result on higher margins. Additionally CAMPOSOL is analyzing new opportunities to consolidate its leadership through additional planting of current crops, planting of new crops, strategic alliances and acquisitions

CAMPOSOL will continue positioning itself in the US market, the largest and fastest growing market for avocado in the world, now open for Peruvian produceother markets with high growth potentialWith only one third of the new fields having given first harvest, currentare in line with the Company expectations.


focused on adding value to its clients through commercial, marketing and service initiatives which should result on higher margins. Additionally CAMPOSOL is analyzing new opportunities to consolidate its leadership through additional planting

rops, planting of new crops, strategic alliances and acquisitions.

CAMPOSOL will continue positioning itself in the US market, the largest and fastest growing market for avocado in the world, now open for Peruvian produce and in

owth potential. With only one third of the new fields

st harvest, current results are in line with the Company expectations.

Market

The long term growth prospects for exotic fruits & vegetables markets are excellent. Avocado and mango are growing, with headroom for increased per capita consumption in key markets. In the case of asparagus, although consumption is stable, supply is falling due mainly to reduced exports from China. Company expects good demand for all fresh produce in general and for avocado specifically in both the United States and Europe. In 2012, the US market Camposol avocados since the beginning of the season.

The Board of Directors, CAMPOSOL Holding Plc.

Limassol, Cyprus

9 May, 2012


9

The long term growth prospects for exotic fruits & vegetables markets are excellent.

growing, with headroom for increased per capita consumption in key markets. In the case of asparagus, although consumption is stable, supply is falling due mainly to reduced

Company expects good demand for all l and for avocado

specifically in both the United States and Europe. In 2012, the US market is open for Camposol avocados since the beginning of

Financial Tables

CAMPOSOL HOLDING PLC AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

AS OF MARCH 31, 2012

Continuing operations:

Revenue Cost of sales

Gross profit

Gain arising from change in fair value of biological assets

Profit after adjustment from biological assets

Administrative expenses Selling expenses Other income Other expenses

Operating profit

Profit / (loss) attributable to associate

Finance income Finance cost

Net foreign exchange transactions losses

(Loss) profit before income tax

Income tax

(Loss) profit for the period from continuing operations

Discontinued operations:

Loss for the period from discontinued operations

(Loss) profit for the period

Basic earnings per ordinary share

(expressed in US dollars per share)

Diluted earnings per ordinary share

(expressed in US dollars per share)

Depreciation & Amortization Amortization without IAS-41 Stock options expense EBITDA before fair value adjustment

* Non audited

** Audited

CAMPOSOL Holding Plc Interim Report - First Quarter 2012


CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

For the period

ended

31.03.12* 31.03.11*

Notes USD 000 USD 000

37,501) 36,428) (28,068) (26,684)

9,433) 9,744)

from change in fair value of biological assets 1,370) 1,100)

Profit after adjustment from biological assets 10,803) 10,844

4 (4,370) (4,198) 5 (4,778) (5,293) 59) 289) (710) (284)

1,004) 1,358)

107) 188)

198) 5) (5,146) (1,964)

(139) (192)

(3,976) (605) 710) 437)

rofit for the period from continuing operations (3,266) (168)

Loss for the period from discontinued operations (185) (304)

(3,451) (472)

(0.116) ( 0.016)

(0.116) (0.016)

2,161) 1,822) 1,156) 1,054) 4) (28) 3,606) 3,101)

Quarter 2012

10

For the year

ended

31.12.11**

USD 000

167,810) (109,543)

58,267)

34,112)

92,379)

(19,050) (20,581) 868) (2,302)

51,314)

111)

27) (8,502)

) (1,316)

41,634) (8,014)

33,620)

(275)

33,345)

1.118)

1.118)

7,542) 4,461)

(28) 155) 30,794)


CONSOLIDATED BALANCE SHEET


ASSETS

Non-current assets

Property, plant and equipment Investment in associate

Intangible assets Non-current portion of biological assets

Current assets

Prepaid expenses Current portion of biological assets Inventories

Other accounts receivable Trade accounts receivable Cash and cash equivalents

Total assets

Equity attibutable to

shareholders of the parent

Share capital Share Premium Share-based payments Retained earnings

Non-controlling interest

Total equity

LIABILITIES

Non-current liabilities

Long-term debt Deferred income tax

Current liabilities

Current portion of long-term debt Trade accounts payables Other accounts payables

Bank loans

Total liabilities

Total equity and liabilities

* Non audited

** Audited



For the

period

ended

Fort the

year ended

31.03.12* 31.12.11**

Notes USD 000 USD 000

6 118,434 117,354

600 493

9 22,246 22,610

current portion of biological assets 193,759 193,015

335,039 333,472

838 812

19,479 16,145

8 45,922 44,349

7 13,953 11,552

20,754 29,429

33,625 6,604

134,571 108,891

469,610 442,363

490 507

207,715 212,318

42 927

59,648 62,331

267,895 276,083

691 569

268,586 276,652

127,134 55,031

23,201 23,919

150,335 78,950

1,931 9,712

28,194 40,074

12,784 11,178

7,780 25,797

50,689 86,761

201,024 165,711

469,610 442,363

Quarter 2012

11


CONSOLIDATED STATEMENT OF CHANGE IN EQUITY


Share

capital

US$000

Balance as of 1 January 2012 507)

Stock options -)

Share buyback (17)

Options expired -)

Adjustment -)

Net result -)

Result of non-controlling interest -)

Balance as of 31 Mach 2012 490

The total paid in number of ordinary shares as of 31 March 2012 is 29,833,820 shares with a par value of Euro 0.01 per share.

The Company has also 2,570,500 dormant shares without any voting or dividend rights.

CAMPOSOL Holding Plc Interim Report

12

CONSOLIDATED STATEMENT OF CHANGE IN EQUITY

Equity attributable to Non

Share Share Retained shareholders of controlling

premium Options earnings the parent interests

US$000 US$000 US$000 US$000 US$000

)

212,318)

927)

62,331)

276,083) )

-)

4)

-)

4)

(17)

(4,603)

-)

-

(4,620) )

-)

(889)

889)

-)

)

-)

-)

1)

1) )

-)

-)

(3,451)

(3,451)

)

-)

-)

(122)

(122) 490

207,715

42)

59,648)

267,895)

shares as of 31 March 2012 is 29,833,820 shares with a par value of Euro 0.01 per share.

The Company has also 2,570,500 dormant shares without any voting or dividend rights.


Non- controlling Total

interests equity

US$000 US$000

569)

276,652)

-)

4)

-)

(4,620))

-)

-)

-)

1)

-)

(3,451)

122)

-)

691)

268,586)

shares as of 31 March 2012 is 29,833,820 shares with a par value of Euro 0.01 per share.


CONSOLIDATED CASH FLOW STATEMENT FOR THE PERIOD


Cash flow from operating activities

Collections

Payment to suppliers and employees

Interest paid

Custom duties refund collections

Other collections

Net cash generated from operating activities

Cash flow from investing activities

Purchases of property, plant and equipment

Investments in biological assets

Purchases of intangibles, excluding goodwill

Acquisition of subsidiary, net of cash acquired

Proceeds from sale of property, plan

Net cash used from investing activities

Cash flow from financial activities

Bank loans proceeds

Bank loans payments

Share buyback

Prepayment of syndicated loan

Debt termination fee

Bond issue, net of transaction costs

New long-term proceeds

Payments of long-term debt

Net cash generated from financial activities

Net increase (decrease) in cash and cash equivalents during the period

Cash and cash equivalents at beginning of period

Cash and cash equivalents at end of period

* Non-audited

** Audited




31.03.12* 31.12.11**

46,135) 157,058)

Payment to suppliers and employees (56,482) (146,515)

(1,513) (8,094)

1,622) 6,647)

257) 442)

Net cash generated from operating activities (9,981) 9,538)

Purchases of property, plant and equipment (1,475) (10,611)

(1,528) (8,711)

Purchases of intangibles, excluding goodwill (64) (408)

Acquisition of subsidiary, net of cash acquired -) (259)

Proceeds from sale of property, plant and equipment 8) 372)

investing activities (3,059) (19,617)

14,110) 94,394)

(32,127) (85,297)

(4,620) -)

(58,524) -)

(407) -)

121,225) -)

901) 1,615)

(497) (3,944)

Net cash generated from financial activities 40,061) 6,768)

in cash and cash equivalents during the period 27,021) (3,311)

Cash and cash equivalents at beginning of period 6,604) 9,915)

Cash and cash equivalents at end of period 33,625) 6,604)

Quarter 2012

13




Conciliation

Operating activities:

Reconciliation of loss (profit) for the period (year) to net cash from (used in) operating activities:

(Loss) Profit before income tax

Depreciation

Amortization

Transference to biological assets

Provision for doubtful accounts receivable

Provision for obsolescence of inventories

Recovery of doubtful

Interest expenses

Write down of inventories

Fair value assets

Loss on sale of property, plant and equipment

Disposals of intangibles

Share-based payments expense

Profit of investments in associates

Income tax

Net exchange difference

Increase (decrease) on the operations flow for net variations Trade receivables

Other receivables

Inventories

Prepaid expenses

Trade payables

Other payables

Net cash generated from operating activities

* Non-audited

** Audited




31.03.12* 31.12.11**

Reconciliation of loss (profit) for the period (year) to net cash

(3,976)) 41,634)

1,736) 6,686)

425) 856)

1,156) 4,461)

Provision for doubtful accounts receivable 23) 220)

Provision for obsolescence of inventories 472) 1,237)

-) (225)

4,911) 8,502)

(593) -)

(4,078) (40,821)

sale of property, plant and equipment 11) 404)

-) 27)

4) 155)

( 107) ( 111)

(750) 8,014)

43) 32)

Increase (decrease) on the operations flow for net

8,611) (10,747)

(2,402)) 132)

(1,452) (11,263)

(26) 11)

(11,880) 12,780)

(2,109) (12,446)

Net cash generated from operating activities (9,981) 9,538)

Quarter 2012

14

Warrants and Options

As of 31 Mach, 2012

Holder

Director


Warrants and Options

Issued Expire Strike

NOK Number of

Shares

Mar-08 Jun-12 40 50,000

Quarter 2012

15

Number of

0,000

Selected disclosure notes

1. Basis of preparation This condensed consolidated financial information for the has been prepared in accordance with IAScondensed consolidated interim financial information should be read in conjuannual financial statements for the year ended December 31, 20in accordance with IFRS. 2. Significant accounting policies

The consolidated financial statements have been prepared on historical cost basis, exbiological assets and derivative financial instruments which have been measured at fair value and in accordance with IFRS. The financial statements are presented in United States dollars (USD) and all monetary amounts are rounded to the nearest thousThe financial statements do not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the financial statements as of December 31, 2011. The accounting policies adopted in the preparation of the financial statements are consistent with those followed in the preparation of the financial statements for the year ended December 31, 2011.


Selected disclosure notes

This condensed consolidated financial information for the first quarter ended Marchhas been prepared in accordance with IAS-34, ‘Interim financial reporting’ (IFRS). The condensed consolidated interim financial information should be read in conjunction with the annual financial statements for the year ended December 31, 2011, which have been prepared

2. Significant accounting policies

The consolidated financial statements have been prepared on historical cost basis, exbiological assets and derivative financial instruments which have been measured at fair value

The financial statements are presented in United States dollars (USD) and all monetary amounts are rounded to the nearest thousand (USD ’000) except when otherwise indicated. The financial statements do not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the financial statements

The accounting policies adopted in the preparation of the financial statements are consistent with those followed in the preparation of the financial statements for the year ended

Quarter 2012

16

March 31, 2012 34, ‘Interim financial reporting’ (IFRS). The

nction with the , which have been prepared

The consolidated financial statements have been prepared on historical cost basis, except biological assets and derivative financial instruments which have been measured at fair value

The financial statements are presented in United States dollars (USD) and all monetary and (USD ’000) except when otherwise indicated.

The financial statements do not include all the information and disclosures required in the annual financial statements, and should be read in conjunction with the financial statements

The accounting policies adopted in the preparation of the financial statements are consistent with those followed in the preparation of the financial statements for the year ended

3. Segment information

Result of First Quarter 2012

Asparagus Avocado

2012) 2011) 2012)

USD thousands Q1) Q1) Q1)

Revenues 16,824) 13,559) 842)

Cost of goods sold (12,399) (10,168) (477)

Gross profit 4,425) 3,391) 365)

Volume produced (net MT) (1) 5,218) 4,472) -)

Volume sold (net MT) 4,740) 4,277) 224)

Weighted Average prices (US$ /Kg.) 3.55) 3.17) 3.76)

Planted area (Ha) 2,546) 2,634) 2,603)

Volume Harvested (MT) (2) 9,042) 8,162) -)

Third party supply (MT) 127) 95) -)

Fresh % * 47%) 44%) 0%)

Preserved % * 48%) 49%) 0%)

Frozen % * 5%) 7%) 100%)

(1) Includes processed raw material from suppliers

(2) Only own production * by net volume sold

CAMPOSOL Holding Plc Interim Report

17

Avocado

Artichoke Peppers Mango Grapes

2011) 2012) 2011) 2012) 2011) 2012) 2011) 2012) 2011) 2012

Q1) Q1) Q1) Q1) Q1) Q1) Q1) Q1) Q1)

-) 912) 22) 2,246) 5,379) 8,712) 12,227) 2,364 375 4,862

-) (660) (32) (1,867) (3,887) (6,258) (8,200) (1,337) (236) (3,734)

-) 252) (10) 379) 1,492) 2,454) 4,027) 1,027 139 1,128

-) 4) -) 226) 2,203) 8,561) 13,079) 611 -

-) 192) 8) 756) 2,125) 6,746) 11,321) 1,084 84

-) 4.76) 2.82) 2.97) 2.53) 1.29) 1.08) 2.18 4.48 7.43

2,488) -) -) 396) 590) 415) 415) 451 451

-) -) -) -) 3,287) 8,947) 12,666) 772 -

-) 15) -) -) 10) 3,898) 6,332) - -

0%) 0%) 0%) 0%) 0%) 83%) 90%) 100% 100%

0%) 100%) 100%) 100%) 100%) 0%) 1%) 0% 0%

0%) 0%) 0%) 0%) 0%) 17%) 9%) 0% 0% 100%


Shrimp Others Total

2012) 2011) 2012) 2011) 2012) 2011)

Q1) Q1) Q1) Q1) Q1) Q1)

4,862) 4,335) 739) 531) 37,501) 36,428)

(3,734) (3,280) (1,336) (881) (28,068) (26,684)

1,128) 1,055) (597) (350) 9,433) 9,744)

698) 333)

654) 485)

7.43) 8.93)

624) 336)

830) 487)

-) -)

0%) 0%)

0%) 0%)

100%) 100%)

4. Administrative expenses

Administrative expenses increased from USD million in the same period of 201

Personnel expenses Third parties services Depreciation & amortizationGeneral services Travel and business expensesInsurance Stock options expense Other expenses Total

5. Selling expenses

Selling expenses decreased from USD in the same period of 2012.

Freight Amortization of customer relationshipsPersonnel expenses including profit sharingCustoms Travel and business expensesInsurance Other expenses Total


Administrative expenses increased from USD 4.2 million in the first quarter of 2011million in the same period of 2012.


31.03.12 31.03.1

USD 000 USD 000

2,486) 2,386 760)

Depreciation & amortization 306) 395)

Travel and business expenses 156) 18)

4) 245) 4,370) 4,198

from USD 5.3 million in the first quarter of 2011 to USD


31.03.12 31.03.1

USD 000 USD 000

2,441) 3,067Amortization of customer relationships 320) Personnel expenses including profit sharing 316)

1,057) 1,022Travel and business expenses 82)

72) 490)

4,778) 5,293

Quarter 2012

18

1 to USD 4.4

.11

USD 000

2,386) 633) 275) 289) 111)

31) (28) 501)

4,198)

to USD 4.8 million

.11

USD 000

3,067) 116) 342)

1,022) 156)

88) 502)

5,293)

6. Property, plant and equipment

Main additions are part of the investment in the irrigation and equipment for the new planted areas and improvements in packing facility.

Opening net book amount as of January 01, 201

( + ) Additions ( - ) Write – off ( - ) Depreciation

( + / - ) Adjustments ( + / - ) Reallocations

Closing net book amount as of

7. Other accounts receivable

Other accounts receivable increasemillion by the end of first quarter

As of, Drawback Import dutiesValue added tax Income tax credit Sale of fixed assetsOthers (*) Less : Allowance to doubtful accounts

(*) Included: Prepayments to suppliersEmployees Others


6. Property, plant and equipment

Main additions are part of the investment in the irrigation and equipment for the new planted areas and improvements in packing facility.

USD 000

Opening net book amount as of January 01, 2012 117,354

1,475(

(1,736 1,360

Closing net book amount as of March 31, 2012 118,434

increased from USD 11.6 million in December 31 2011, to quarter of 2012.

31.03.12 31.12.11 USD 000 USD 000

Drawback Import duties 1,803) 1,218) 4,158) 3,395)

5,131) 5,093) Sale of fixed assets 69) 118)

3,559) 2,494) 14,720) 12,318)

Allowance to doubtful accounts (767) (766)

13,953) 11,552)

Prepayments to suppliers 608) 429)

247) 350) 2,704) 1,715)

Quarter 2012

19

Main additions are part of the investment in the irrigation and equipment for the new planted

USD 000

354) ,475) (19)

1,736) 1,360)

-

434)

to USD 14.0

8. Inventory

Total inventories increased from USD the end of the first quarter of 201

As of: Finished product Supplies Packaging Raw material and othersProduct in process In-transit raw material and supplies

Total

9. Intangibles

As of: Goodwill Customer relationship Software Others Total


creased from USD 44.3 million in December 31 2011, to USD 45.92012.

31.03.12 31.12.11 USD 000 USD 000

28,588) 27,2146,588) 5,9977,259) 7,795

Raw material and others 2,495) 1,908495) 410

transit raw material and supplies 497) 1,025

45,922) 44,349

31.03.12 31.12.11 USD 000 USD 000

12,997) 12,997) 6,077) 6,397)

3,017) 3,058)155) 158)

22,246) 22,610)

Quarter 2012

20

9 million by

27,214) 5,997) 7,795) 1,908)

410) 1,025)

44,349)

) ) ) ) )

10. Transactions with related parties

The main transactions carried out between the Group and related companies are as follows:

Empacadora de Frutos Tropicales S.A.C.

Sales of finished products

Purchase of services Apoyo Consultoría S.A.C.

Purchase of services Gestión del Pacifico S.A.C.

Sales of services Purchase of services Purchase of fixed assets Corporación Pesquera Inca S.A.

Sales of services Purchase of services

Amounts due from / to related parties:

Other accounts receivable

Gestión del Pacifico S.A.C.

Corporación Pesquera Inca S.A.

Trade accounts payable Empacadora de Frutos Tropicales S.A.CGestión del Pacifico S.A.C.Apoyo Consultoría S.A.C.


parties


For the period

ended For the year

ended

31.03.12 31.12.11

USD 000 USD 000

Empacadora de Frutos Tropicales S.A.C.

products - 631 1,876

Apoyo Consultoría S.A.C.

1 10

Gestión del Pacifico S.A.C.

- 1

209 666

- 47

Corporación Pesquera Inca S.A.

88 293

- 19

Amounts due from / to related parties:

Other accounts receivable Gestión del Pacifico S.A.C. 1) Corporación Pesquera Inca S.A. 104

Empacadora de Frutos Tropicales S.A.C 138) 235Gestión del Pacifico S.A.C. 119) 94

-)

Quarter 2012

21


For the year

1) 1,876)

10)

1 666) 47

293) 19)

1)

235)

94) 2)

11. Seasonality

Company production is subject to seasonal fluctuations, with peak production in the third to fourth quarter of the year. This is due to seasonal weather conditions which affect production. 12. Use of NON-GAAP measures

In the discussion of operating resulmeasures such as EBITDA. CAMPOSOL’s management makes regular use of these measures to evaluate the performance, both in absolute terms and comparatively from period to period. EBITDA before fair value adjustment, which CAMPOSOL defines as sales minus cost of goods sold, administrative and selling expenses plus depreciation, amortization, amortization without IAS-41 and stock option costs, is an approximation of cash flow from continuing operating activities before tax and net operating capital changes. Amortization without IASassigned to cost of goods sold that under an accounting without IASamortization. CAMPOSOL defines EBITDA as sales minus cost of goods sold, admiexpenses plus depreciation, amortization, adjustment from biological assetcosts. CAMPOSOL’s definition of EBITDA may differ from that of other companies. EBITDA should not be considered as an alternative to operatthe Company’s operations in accordance with IFRS. Nor is EBITDA an alternative to cash flow from operating activities in accordance with IFRS. A reconciliation of EBITDA to total profit before income tax is provided as follows:

EBITDA before fair value adjustment

Depreciation & Amortization Amortization without IAS-41

Stock options expense Other income (expenses)

Change in fair value of Biological assets

Operating profit

Share of gain of associated companies Finance income Finance costs

Currency translation differences

(Loss) / Profit before income tax


Company production is subject to seasonal fluctuations, with peak production in the third to fourth quarter of the year. This is due to seasonal weather conditions which affect production.

GAAP measures

In the discussion of operating results, CAMPOSOL refers to certain non-GAAP financial measures such as EBITDA. CAMPOSOL’s management makes regular use of these measures to evaluate the performance, both in absolute terms and comparatively from period to period.

tment, which CAMPOSOL defines as sales minus cost of goods sold, administrative and selling expenses plus depreciation, amortization, amortization without

stock option costs, is an approximation of cash flow from continuing operating and net operating capital changes. Amortization without IAS-41 is the cost

assigned to cost of goods sold that under an accounting without IAS-41 would be considered

CAMPOSOL defines EBITDA as sales minus cost of goods sold, administrative and selling expenses plus depreciation, amortization, adjustment from biological asset and stock options

CAMPOSOL’s definition of EBITDA may differ from that of other companies. EBITDA should not be considered as an alternative to operating income and income before tax as an indicator of the Company’s operations in accordance with IFRS. Nor is EBITDA an alternative to cash flow from operating activities in accordance with IFRS. A reconciliation of EBITDA to total profit

is provided as follows:

For the

quarter ended

For the year

ended

31.03.12 31.03.11 31.12.11

USD 000 USD 000 USD 000

3,606) 3,101) 30,794

(2,161) (1,822) (7,542)

(1,156) (1,054) (4,461) (4) 28) (155)

(651) 5) (1,434)

Change in fair value of Biological assets 1,370) 1,100) 34,112

1,004) 1,358) 51,314

107) 188) 111 198) 5) 27

(5,146) (1,964) (8,502)

(139) (192) (1,316)

(3,976)) (605) 41,634

Quarter 2012

22

Company production is subject to seasonal fluctuations, with peak production in the third to fourth quarter of the year. This is due to seasonal weather conditions which affect production.

GAAP financial measures such as EBITDA. CAMPOSOL’s management makes regular use of these measures to evaluate the performance, both in absolute terms and comparatively from period to period.

tment, which CAMPOSOL defines as sales minus cost of goods sold, administrative and selling expenses plus depreciation, amortization, amortization without

stock option costs, is an approximation of cash flow from continuing operating 41 is the cost

41 would be considered

nistrative and selling stock options

CAMPOSOL’s definition of EBITDA may differ from that of other companies. EBITDA should not ing income and income before tax as an indicator of

the Company’s operations in accordance with IFRS. Nor is EBITDA an alternative to cash flow from operating activities in accordance with IFRS. A reconciliation of EBITDA to total profit

Largest 20 Shareholders as of 3

Investor

1 DYER-CORIAT HOLDING, S.L

2 DEUTSCHE BANK AG/LONDON

3 ANDEAN FISCHING L.L.C

4 FONDO DE INVERSIÓN AGROINDUSTRIAL

5 SOUTH WINDS AS

6 WEILHEIM INVESTMENTS

7 PERU LAND FARMING LLC

8 CLEARSTREAM BANKING

9 CREDIT SUISSE SECURITIES

10 DEUTSCHE BANK AG

11 JP MORGAN CHASE BANK

12 SIX SIS AG 13 JUSTNES REDERI AS

14 MP PENSJON 15 BANK OF NEW YORK MELLON

16 JAHRMANN AS

17 STOREBRAND LIVSFORSIKRI

18 MILLCOM NORGE AS

19 SERKOVIC SANTOS JUAN

20 CARUSE HOLDING AS

TOTAL TOP 20

OTHERS

TOTAL


May, 2012

Investor Shares %

CORIAT HOLDING, S.L 8,571,000 28.73%

DEUTSCHE BANK AG/LONDON 6,165,018 20.66

ANDEAN FISCHING L.L.C 3,380,100 11.33%

FONDO DE INVERSIÓN AGROINDUSTRIAL 1,908,750 6.40%

1,753,000 5.88%

WEILHEIM INVESTMENTS 1,432,059 4.80

PERU LAND FARMING LLC 960,695 3.22

CLEARSTREAM BANKING 847,499 2.84

CREDIT SUISSE SECURITIES 535,906 1.80%

375,164 1.26

JP MORGAN CHASE BANK 279,377 0.94

153,878 0.52

140,300 0.4

137,000 0.

BANK OF NEW YORK MELLON 105,000 0.35

92,850 0.31

STOREBRAND LIVSFORSIKRI 72,732 0.24

60,000 0.20%

SANTOS JUAN 42,000 0.1

28,000 0.09%

29,441,776 98.69

392,044 1.31

29,833,820 100.00%

Quarter 2012

23

%

28.73%

20.66%

11.33%

6.40%

5.88%

4.80%

3.22%

2.84%

1.80%

1.26%

0.94%

0.52%

0.47%

0.46%

0.35%

0.31%

0.24%

0.20%

0.14%

0.09%

98.69%

1.31%

100.00%

For further information, please contact:

Executive Chairman, Mr. Samuel Dyer [email protected] CFO, Mr. Jorge Ramirez [email protected] Phone: +511 621-0804 Fax: +511 221-4478 About CAMPOSOL

CAMPOSOL is the leading agro industrial Company in Peru, involved in the cultivation, processing and commercialization of agricultural products such as asparagus, peppers, avocados, mangos, grapes and easy peelers. These are exporproducts mainly to markets in Europe and the United States of America. CAMPOSOL encompasses a totally integrated business from the production of raw material in the fields to processing in the industrial plant and subsequeStates. CAMPOSOL has 24,216agricultural purposes, operates in 2 different locations in the Peruvian coast, and has one fully owned processing plant for fresh, preserved and frozen products. The Companyaverage 10,000 part and full time employees. Please visit www.camposol.com.pe


please contact:

Executive Chairman, Mr. Samuel Dyer Coriat

CAMPOSOL is the leading agro industrial Company in Peru, involved in the cultivation, processing and commercialization of agricultural products such as asparagus, peppers, avocados, mangos, grapes and easy peelers. These are exported as fresh, preserved or frozen products mainly to markets in Europe and the United States of America. CAMPOSOL encompasses a totally integrated business from the production of raw material in the fields to processing in the industrial plant and subsequent commercialization in Europe and the United

216 own hectares of which about 6,440 are already used for agricultural purposes, operates in 2 different locations in the Peruvian coast, and has one fully owned processing plant for fresh, preserved and frozen products. The Company

,000 part and full time employees.

www.camposol.com.pe

Quarter 2012

24

CAMPOSOL is the leading agro industrial Company in Peru, involved in the cultivation, processing and commercialization of agricultural products such as asparagus, peppers,

ted as fresh, preserved or frozen products mainly to markets in Europe and the United States of America. CAMPOSOL encompasses a totally integrated business from the production of raw material in the fields to

nt commercialization in Europe and the United are already used for

agricultural purposes, operates in 2 different locations in the Peruvian coast, and has one fully owned processing plant for fresh, preserved and frozen products. The Company has on

camposol the world’s largest asparagus exporterhugin.info/138464/r/1610770/512315.pdf · - on...

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