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Camposol - Offer to purchase own shares - Increase of Offer Price and extension of Offer Period


March 16, 2012 - London

 Reference is made to the stock exchange announcement of 12 March 2012. Camposol Holding plc (the "Company") has decided to increase the Offer Price to NOK 26 per share and to extend the acceptance period until Friday 23 March 2012 at 17.30 CET. Shareholders who have already accepted the Offer announced on 12 March 2012 will also receive NOK 26 per tendered share.

Pursuant to the authorization to acquire own shares granted by the Annual General Meeting on 24 May 2011, the Companyhereby offers to buy back own sharesissued by Camposol Holding plc (the "Shares") at a price per Share of NOK 26 (the "Offer"). The Offer is limited to an aggregate total of 2,250,000 Shares, which constitutes about 7.55% of the issued Shares of the Company.

The acceptance period for the Offer is from and including 12 March 2012 to and including Friday 23 March 2012 at 17.30 (CET). Shareholders who wish to accept the Offer must submit a duly executed acceptance form by the end of the acceptance period.

The price per share in the Offer is NOK 26. The volume weighted average price per share for the period from 28 February 2012 (Camposol Holding plc publishing fourth quarter and preliminary year 2011 financial results) until and including 9 March 2012 is NOK 23.27.

The maximum number of Shares that will be acquired from any one tendering shareholder under the Offer is limited to 300,000 Shares.If the total number of Shares tendered under the Offer exceeds the maximum aggregate level of Shares to be acquired under the Offer (as set out above), the number of Shares to be acquired from each tendering shareholder will be reduced, as required, with the same percentage. Following lapse of the acceptance period, all shareholders who have tendered shares in the Offer will receive information on the number of shares that will be acquired pursuant to the Offer.

The offer is not directed to persons whose acceptance of the offer requires that (i) further documents are issued in order for the offer to comply with local law or (ii) registration or other measures are taken pursuant to local law. Please see below for further description on offer restrictions.

The Company has retained DNB Markets to assist in implementing the Offer.

The acceptance form is available at www.dnb.no/emisjoner. Acceptance of the Offer is irrevocable and cannotbe withdrawn, in whole or in part, neither before nor after the expiration of the Offer Period, after the acceptance form has been received by the receiving agent.An acceptance of the Offer may relate to all or parts of the Shares held by an accepting shareholder.

Any shareholder whose Shares are registered in the name of a broker, dealer, commercial bank, trust company or other nominee must contact such person if the shareholder desires to sell Shares in the Offer.The Company reserves the right to reject any or all acceptances of the Offer that, in the Company's opinion, are not in the proper form, or which may be unlawful. The Company, the receiving agent, nor any other person will be under any duty to give notification of any defects or irregularities in acceptance or incur any liability for failure to give any such information.

Settlement of the Offer will be made in cash in NOK, and will be cleared for each selling shareholder to the shareholder's bank account registered for dividend payments in VPS. In the event that such account is not registered with the VPS, settlement will be made by bank transfer or, with respect to Camposol shareholders with foreign residency, by SWIFT transfer. Settlement for shares accepted under the Offer will be made no later than on 30 March 2012. Interest compensation will not be paid for the period from the date of acceptance until the settlement date.

Each shareholder is responsible for any taxes as a consequence of its acceptance of the Offer. The Company assumes no responsibility for any tax liability resulting from the acceptance of the Offer.

As of the date of this announcement, the Company and its subsidiaries hold 732,000 own shares, constituting approximately 2.45% of the issued shares in the Company.

For further information and instructions for accepting the Offer, please contact DNB Markets on telephone +47 22 94 88 80or e-mail markets.cf@dnb.no.

OFFER RESTRICTIONS

General
The distribution and making of the offer may in certain jurisdictions (including, but not limited to, Canada, Australia and Japan), be restricted by law. Therefore, persons receiving the offer are required to inform themselves of and observe all such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions. The Company does not accept or assume any responsibility or liability for any violation by any person whomsoever of any such restriction.

The offer is not directed to persons whose acceptance of the offer requires that (i) further documents are issued in order for the offer to comply with local law or (ii) registration or other measures are taken pursuant to local law. No document or material relating to the offer may be distributed in or into any country where such distribution or offering requires any of the aforementioned measures to be taken or would be in conflict with any law or regulation of such country. In the event such distribution or offering nevertheless is made, an acceptance form sent from such a country may be disregarded as non-binding on the offeror. The offer is not being made in Canada, Australia or Japan.

This offer does not represent an offer to acquire or obtain securities other than the shares in the Company that are subject to the offer.

Canada
Theoffer is not being made in Canada or to any individual outside Canada who is a resident of Canada, except in compliance with applicable rules.

Australia
The offer is not being made directly or indirectly in, and may not be accepted in or from, Australia. No document in connection with the offer has been lodged with the Australian Securities & Investments Commission ("ASIC") and ASIC has not approved the offer in Australia.

Japan
The offer is not being made in Japan or to any resident thereof for the purpose of solicitation of subscription or offer for sale of any securities or in the context where its distribution may be construed as such solicitation or offer.

USA
The offer is not being made in the USA or to any resident thereof for the purpose of solicitation of subscription or offer for sale of any securities or in the context where its distribution may be construed as such solicitation or offer unless an exemption from the registration requirements of the US Securities Act is available.The offer is being conducted pursuant to disclosure requirements of another jurisdiction than the United States, which may differ from the disclosure requirements in the United States. It may be difficult for investors to enforce their legal rights against the issuer and its officers and directors, and the offeror may purchase securities otherwise than under the offer.

For further information, please contact:

Executive Chairman, Samuel Dyer Coriat
sdyerc@camposol.com.pe

CFO, Jorge Ramirez
jramirez@camposol.com.pe

Phone: +511 621-0800

ABOUT CAMPOSOL

CAMPOSOL is the leading agro industrial Company in Peru, involved in thecultivation, processing and commercialization of agricultural products such asasparagus, peppers, avocados, mangos, grapes and easy peelers. These are exported as fresh, preserved or frozen products mainly to markets in Europe andthe United States of America. CAMPOSOL encompasses a totally integrated businessfrom the production of raw material in the fields to processing in theindustrial plant and subsequent commercialization in Europe and the UnitedStates. CAMPOSOL has 24,216 own hectares of which about 6,440 are already usedfor agricultural purposes, operates in 2 different locations in the Peruviancoast, and has one fully owned processing plant for fresh, preserved and frozenproducts. The Company has on average 10,000 part and full time employees.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Camposol Holding Plc. via Thomson Reuters ONE

HUG#1594728

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