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2016-02-05

Camposol Holding Limited: Camposol Holding Ltd. reports record fourth quarter 2015 and preliminary full year 2015 financial results

Camposol Holding Ltd. reported a record EBITDA of USD 19.2 million during the
fourth quarter of 2015, 209.4% higher than Q414 mainly explained by higher
volumes of blueberries, tangerines, mangos, shrimp and other seafood
products, as well as higher prices of avocados and blueberries. For the full
year 2015, the Company reported a record EBITDA of USD 42.8 million, up 24.1%
from 2014 mainly explained by the reasons above mentioned. EBITDA margin in
the fourth quarter of 2015 increased to 22.3% from 9.2% in 2014. For the
full year 2015, the Company recorded an EBITDA margin of 14.8% from 12.9% in
2014.

Camposol Holding Ltd. reported record sales of USD 86.4 million in the fourth
quarter of 2015, up 18.4% from Q414, mainly due to an increase in volume sold
of blueberries, tangerines, mangos, shrimp and other seafood products. For
the full year 2015, the Company reported record sales of USD 289.3 million,
up 8.1% from 2014 mainly explained by higher volumes of blueberries, shrimp
and other seafood products.

Camposol Holding Ltd. sold 25,115 net MT during the fourth quarter of 2015, up
9.1% from Q414 mainly explained by an increase in volumes of blueberries,
tangerines, mangos, shrimp and other seafood products. During 2015, the
Company sold 99,729 net MT, down 3.8% from 2014 mainly explained by lower
volumes of avocados, asparagus and grapes net of higher volumes of
blueberries, tangerines, shrimp and other seafood products.

The average price during the fourth quarter of 2015 was USD 3.44 per net KG,
up 8.6% from Q414 mainly explained by increasing volumes of blueberries,
higher volumes and prices of peppers as well as higher prices of avocados.
The average price for the full year 2015 was USD 2.90 per net KG, up 12.4%
from 2014, mainly driven by increasing volumes and higher prices of
blueberries, as well as higher prices of mangos.

As of December 31st2015, the Company maintained a cash balance of USD 26.6
million.

On October 16th2015, Mr. Jorge Ramirez was appointed as General Manager of
Camposol Seafood.

On November 2nd2105, Mr. Manuel Salazar was appointed as CEO of Camposol
Holding Ltd.

On November 5th2015, a new composition of the Board of Directors was approved.
The new Board of Directors is composed of Samuel Dyer Coriat, Chairman,
Piero Dyer Coriat, Sheyla Dyer Coriat, William Dyer Osorio, Susana Elespuru,
Carmen Rosa Graham and Raul U. Fernandez.

The Company expects to continue its diversification strategy by increasing the
blue berries production in the Fruits&Vegetables (F&V) segment and by
increasing the conversion of shrimp ponds in the Seafood segment. The Company
also expects to continue to reinforce the Trading segment through more direct
sales to retailers, adding value to its clients through commercial, marketing
and service initiatives which should result in higher margins.

In line with this strategy, the Company has invested significantly in
specializing the company in the F&V segment, diversifying its portfolio of
products and customers, as well as increasing its presence in key markets
with favorable and encouraging results. In line with this vision, the
Company has decided to continue empowering its fresh and frozen business
segments, and exit the preserved business. The Company considers these
strategic changes in Camposol's businesses will allow for greater
specialization, efficiency and focus on product categories in which the
Company has made significant investments in recent years, and thus maximize
opportunities for growth and consolidation of its business.

"Fourth quarter and preliminary full year results are in line with our
expectations (considering "El Niño" effect) and reflect the significant
increase in volume of our blueberries segment (4x compared to 2014). The
company's growth without any substantial additional capex will continue in
the next years, as we continue to produce increasing volumes of avocados,
blueberries and shrimp," stated Manuel Salazar Diez Canseco, CEO of Camposol
Holding Ltd.

The long-term growth prospects for exotic fruits and vegetables markets are
excellent. Avocados and blueberries consumption is growing, with headroom for
increased per capita consumption in key markets. The Company expects good
demand for all fresh produce in general and for avocados specifically in both
the United States and Europe.

Mr. Samuel Dyer Coriat, Chairman, Mr. Manuel Salazar Diez Canseco, CEO, and
Ms. Maria Cristina Couturier, CFO, will host a conference call today, Friday
January 5th at 11:00 a.m. (Lima). For details on the conference call, please
see attached invitation details.

Please see the full fourth quarter 2015 and preliminary full year 2015 report
and presentation enclosed (or click on the links below of this release if
received by e-mail).

For further information, please contact:

CFO, Maria Cristina Couturier
mcouturier@camposol.com.pe

Investor Relations Officer, Maria Elena Olmos
molmos@camposol.com.pe

Phone: +511 634 4100

About CAMPOSOL

CAMPOSOL is the leading agro industrial company in Peru, the first producer of
avocados and soon the first producer of blueberries in the world. It is
involved in the harvest, processing and marketing of high quality
agricultural products such as avocados, asparagus, blueberries, grapes,
mangos, tangerines and shrimp; which are exported to Europe, the United
States of America and Asia.

CAMPOSOL is a vertically integrated company located in Peru, offering fresh
and frozen products. It is the third largest employer of the country, with
more than 13 thousand workers in high season, and is committed to support
sustainable development through social responsibility policies and projects
aimed to increase the shared-value for all of its stakeholders.

CAMPOSOL was the first Peruvian agro industrial company to present annual
audited Sustainability Reports and has achieved the following international
certifications: BSCI, Global Gap, IFS, HACCP and BRC among others.

To learn more about CAMPOSOL please visit:
www.camposol.com.pe

Camposol Q4 2015 Report
http://hugin.info/138464/R/1983586/727249.pdf
Camposol Q4 2015 Invitation
http://hugin.info/138464/R/1983586/726984.pdf
Camposol Q4 2015 Presentation
http://hugin.info/138464/R/1983586/727250.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Camposol Holding Limited via Globenewswire

HUG#1983586

Författare WKR

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