America Móvil B de C : América Móvil informs about dividend and share buyback fund proposals

"América Móvil informs about dividend and share buyback fund proposals"

Mexico City, March 22, 2022. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX]

[NYSE: AMX | AMOV], announces that its Board of Directors decided to submit to AMX shareholders' meetings, to be held during April 2022, the following proposals:

Dividend

To pay a MXP$0.44 (Forty four peso cents) dividend, in one installment on August 29, 2022, to each of the shares of its capital stock series "AA", "A" and "L" (including the preferred dividend to which series "L" shares are entitled), subject to corporate events that may vary the number of outstanding shares as of the dividend payment date, including repurchase or placement of its own shares.

Buyback Program

To increase the buyback program fund, for the April 2022 - April 2023 period, by an amount equal to MXP$26,000,000,000.00 (Twenty six billion pesos), from the fund's balance as of the date of the upcoming shareholders' meetings.

This press release contains certain forward-looking statements that reflect the current views and/or expectations of AMX and its management with respect to its performance, business and future events. We use words such as "believe," "anticipate," "plan," "expect," "intend," "target," "estimate," "project," "predict," "forecast," "guideline," "should" and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. AMX is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.