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Camposol Holding Limited: Camposol Holding Plc reports First Quarter 2014 Results

Camposol Holding Plc. reported sales of USD 60.5 million in the first quarter
of 2014, up 49.0% from Q113 mainly due to an increase in volume sold of
frozen mangoes and grapes, as well as increasing prices of preserved white
asparagus, fresh mangoes and shrimps.

During the fourth quarter of 2013, EBITDA was USD 7.4 million, 83.9% higher
than Q113, explained by higher volumes of frozen mangoes, as well as
increasing prices of preserved white asparagus, fresh mangoes and shrimps.
EBITDA margin for Q114 increased to 12.2%.

Volume sold during Q114 was 24,359 net MT, up 34.3% from Q113 explained mainly
by an increase in volumes of frozen mangoes and grapes.

Average price was USD 2.48 per net KG, up 10.7% from the same period in 2013
mainly explained by an increase in prices of preserved white asparagus, fresh
mangoes and shrimps.

As of March 31st 2014, the Company maintained a cash balance of USD 25.0

The long term growth prospects for exotic fruits and vegetables markets are
excellent. Avocadoes 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. The Company expects good demand for all fresh produce in general and
for avocadoes specifically in both the United States and Europe.

On April 16th2014 Camposol S.A. announced that it had received the requisite
consents from the holders of a majority in principal outstanding amount of
its 9.875% senior Notes due 2017 pursuant to the Camposol S.A.'s previously
announced consent solicitation (the "Consent Solicitation") dated April 8,

Camposol S.A. successfully reopened its 9.875% USD 125 million senior Notes
due 2017 raising gross proceeds of USD 75 million. The net proceeds from the
bond issue will be used for capital expenditures, mainly for the expansion of
the blueberries' and shrimps' businesses. The Notes were issued as
additional notes of, and will form a single issue with, the USD 125 million
9.875% Notes due 2017 issued on February 2nd2012. The total aggregate
principal amount of the 9.875% notes due 2017 outstanding following this
reopening is USD 200 million.

On May 15th2014, the Annual General Meeting of Camposol Holding Ltd was held
at the Company's registered office in Limassol, Cyprus. All matters on the
agenda were unanimously adopted. Among these were the approval of the
audited financial statements and annual report, the approval of the
reappointment of PricewaterHouseCoopers as auditors of the Company, approval
of the remuneration for Board members for the period 2013-2014, and the
composition of the Board of Directors for the period 2014-2016. The new
Board is composed by Samuel Dyer Coriat, Executive Chairman, Samuel Dyer
Ampudia, Deputy Chairman, Rosa Coriat Valera, Susana Elespuru, Carmen Rosa
Graham and Mariano Paz Soldan.

Executive Chairman Samuel Dyer Coriat and CFO Maria Cristina Couturier will
host a conference call today, Friday May 23rdat 11:00 a.m. PET (Lima), 12:00
p.m. EST (NY). For details on the conference call, please see attached
invitation details.

Please see the full first quarter 2014 report and presentation enclosed (or
click on the links below of this release if received by e-mail).

For further information, please contact:

Executive Chairman, Samuel Dyer Coriat

CFO, Maria Cristina Couturier

Head of Investor Relations, Maria Elena Olmos

Phone: +511 634 4100


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

CAMPOSOL is a vertically integrated company located in Peru, offering fresh,
preserved and frozen products. It is the third largest employer of the
country, with more than 11 thousand workers in high season, and is committed
to support sustainable development through a social responsibility policy and
projects that increases 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.

Please visit

Camposol Q1 2014 Presentation
Camposol Q1 2014 Invitation
Camposol Q1 2014 Report


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


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