America Movil de CV : América Móvil announces proposals to pay a dividend, change its buyback program and ratify its Board of Directors

"América Móvil announces proposals to pay a dividend, change its buyback program and ratify its Board of Directors"

Mexico City, March 28, 2017. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX] [NYSE: AMX | AMOV] [LATIBEX: XAMXL], announces that in today's meeting, its Board of Directors decided to submit to the Shareholders' Meeting, to be held on April 5, 2017, the following proposals:

Dividend

To pay a dividend of MXP$0.30 (Thirty peso cents) per share, payable (i) in cash; (ii) series "L" shares of AMX; or (iii) a combination thereof, according to the election of each shareholder. The dividend would be payable in two installments, to each of the shares of its capital stock series "AA", "A" and "L" (and will include the preferred dividend correspondent to the series "L" shares), subject to adjustments arising from other corporate events (including repurchase or placement of its own shares), that may vary the number of shares outstanding as of the date of dividend payment.

Buyback Program

To allocate an amount equal to MXP$3,000,000,000.00 (Three billion pesos) as its buyback program for the April 2017 - April 2018 period.

Board of Directors

To ratify the current members of AMX's Board of Directors.

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.