FOLLOW UP NOTICE OF FULL REDEMPTION

TO THE HOLDERS OF

Alfa, S.A.B. de C.V.

5.250% Senior Notes due March 25, 2024

CUSIPS 015398 AB6 / P0156P AB5

ISINS US015398AB62 / USP0156PAB50

As previously announced in the NOTICE OF FULL REDEMPTION dated February 23, 2023 pursuant to Section 5.3(a) of the Indenture dated March 25, 2014 (the "Indenture"), entered into by and among Alfa, S.A.B. de C.V., (the "Company") and The Bank of New York Mellon, as Trustee (the "Trustee"), the Company shall redeem in whole the principal amount of its U.S.$500,000,000.00 5.250% Senior Notes due March 25, 2024 (the "Notes") on March 25, 2023 (the "Redemption Date"), at the redemption price set forth below, together with any accrued interest payable up to, but excluding, the Redemption Date, if any, (the "Accrued Interest"), which shall cease to accrue on and after the Redemption Date.

Capitalized terms used herein but not defined herein shall have the meanings assigned to them in the Indenture.

NOTICE IS HEREBY GIVEN THAT the Make Whole Amount for each U.S.$1,000 principal amount of Notes will be U.S.$1,003.40 on the Redemption Date, the holders of outstanding Notes will receive U.S.$1,003.40 per each U.S.$1,000 principal amount of U.S.$3.40 Notes on account of the Make Whole Amount and accrued interest in the amount of U.S.$0 per U.S.$1,000 principal amount to but not including the Redemption Date.

Therefore, on the Redemption Date the Company shall pay U.S.$501,700,000.00.

The foregoing summary does not purport to be complete, is subject to, and is qualified in its entirety by reference to the Indenture and the Notes.

If you have any questions regarding the calculations set forth above, please contact Juan Manuel Fernández at +52 (81) 87481399 (e-mail: jfernandez@alfa.com.mx) or Daniel Odriozola at +52 (81) 87481213 (e-mail: deodriozola@alfa.com.mx).

Date: March 22, 2023

By: Alfa, S.A.B. de C.V.

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PLEASE TAKE FURTHER NOTICE that unless the Company defaults in making the Redemption Payment on the Redemption Date or the Paying Agent is prohibited from making the Redemption Payment pursuant to the terms of the Indenture, interest on the Notes will cease to accrue on and after the Redemption Date and the only remaining right of the Holders of the Notes will be to receive payment of the Redemption Price upon surrender to the paying agent of the Notes. For all purposes of the Indenture, the Notes will be deemed to be no longer outstanding from and after the Redemption Date if the Redemption Price is deposited with the Trustee or a Paying Agent on or prior to the Redemption Date, and all rights with respect thereto, except as stated herein, will cease as of the close of business on that same date. On the Redemption Date, the Redemption Price will become due and payable.

Important Tax Information. Payments made to Holders may be subject to information reporting and backup withholding of U.S. federal income tax, currently at a rate of 24%. Certain holders are not subject to these information reporting and backup withholding requirements. To avoid backup withholding, U.S. Holders that do not otherwise establish an exemption should complete and return an IRS Form W-9, certifying that the U.S. Holder is a U.S. person, that the taxpayer identification number provided is correct, and that the U.S. Holder is not subject to backup withholding. Failure to provide the correct information on the Form W-9 may subject the tendering U.S. Holder to a $50 penalty imposed by the IRS. Holders that are non-U.S. persons may be required to complete and submit an IRS Form W-8BEN or IRS Form W-8BEN-E or other applicable IRS W-8 Form, signed under penalties of perjury, attesting to the holder's foreign status. IRS forms may be obtained at the IRS website, www.irs.gov.

  • No representation is being made as to the accuracy of the identifying codes listed on this notice or printed on the Notes.

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Alfa SAB de CV published this content on 23 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 March 2023 13:02:06 UTC.