America Movil de CV : América Móvil informs about the cash/stock dividend payment

NOTICE TO THE SHAREHOLDERS OF AMÉRICA MOVIL, S.A.B. DE C.V.

Notice of Dividend

CASH/STOCK DIVIDEND

We ("América Móvil", "AMX" or the "Company") hereby give our shareholders notice of a dividend of Ps.0.15 (fifteen cents of one Mexican peso) per Series AA, Series A and Series L share to be distributed on July 17, 2017 (the "Payment Date"), upon delivery of dividend coupon No. 43 attached to AMX's 2015 issue of stock certificates representing our share capital, in accordance with the terms and conditions set forth herein.

Stock Dividend Option

At the general ordinary shareholders' meeting of AMX held April 5, 2017, it was resolved, among other matters, to pay a dividend to the shareholders as of July 11, 2017 (the "Record Date") either in (i) cash, (ii) Series L shares of AMX currently held by the Company as treasury shares, or (iii) a combination thereof, according to the election of each shareholder. The reference price used to calculate the number of Series L Shares to be received by any given shareholder that elects to receive Series L shares will be calculated based on the market price per Series L share at the opening of trading on the Mexican Stock Exchange on the business day immediately preceding the Payment Date (the "Reference Price"), as described herein.

Any shareholder who fails to give us notice of its election by 5:00 pm (Mexico City time) on July 13, 2017, in accordance with the terms and conditions set forth herein, will receive payment of the dividend in cash only. No shareholder will be required to give consideration of any kind to AMX in exercising the right to receive the dividend, regardless of whether a shareholder elects to receive the dividend in cash, Series L shares or a combination thereof.

Allocation of the Series L Shares

The number of Series L shares to be received by each shareholder that elects to receive Series L shares shall be determined as follows:

A = (NS * PS) / RP

Where:

A: means the number of Series L limited-voting shares of AMX, issued in registered form, no par value, to be received by the shareholder.

NS: means the aggregate number of Series AA, Series A and Series L shares for which the relevant shareholder elects to receive Series L shares.

PS: means an amount equal to Ps.0.15 (fifteen cents of one Mexican peso), equivalent to the dividend payment per Series AA, Series A and Series L share outstanding as of the Record Date.

RP: means the market price per Series L share at the opening of trading on the Mexican Stock Exchange on the business day immediately preceding the Payment Date.

The following example is intended to illustrate the correct application of the formula set forth above: Hypothetical Values

Number of shares for which the shareholder elects to receive

Series L Shares (NS) 1,000

Payment per share (PS) Ps.0.15

Market price per Series L Share at the opening of trading on the Mexican Stock Exchange on the business day immediately preceding the Payment Date (RP)

Ps.14.90

Hypothetical Calculation

A = (PS * NS) / RP

A = (Ps.0.15 * 1,000) / Ps.14.90

A= 10.067114 Series L shares

Calculation of cash value of fractions of Series L share: 0.067114 * Ps.14.90 = Ps.1.00 Hypothetical Results

The shareholder who elects to receive the dividend in Series L Shares for the 1,000 shares held as of the

Payment Date will receive 10 Series L shares and Ps.1.00 in cash.

Purpose

TERMS AND CONDITIONS

The purpose of the stock dividend option is to offer our shareholders the option of receiving payment of the dividend in cash, Series L shares or a combination thereof.

Objective of the Share Option

The objective of the option to receive Series L shares of AMX described herein is to serve as an instrument for strengthening our relationship with our shareholders by allowing them to choose between receiving payment of all or a portion of the dividend in cash, Series L shares or a combination thereof. This will provide our shareholders with increased flexibility to customize their decisions based on their individual circumstances, consistent with the trend observed in recent years among major public corporations worldwide.

Non-transferable Option

The option to receive the dividend in cash, Series L shares or a combination thereof is non-transferable. We will deliver the Series L shares solely and exclusively to those who submit proper and sufficient evidence of ownership of outstanding shares of our Series A, Series AA or Series L stock on the Record Date.

Fractions of Shares

Shareholders will not receive fractions of Series L shares. In the event that the application of the formula set forth above results in a number of Series L shares other than a whole number, the number of Series L shares to be received by any shareholder will be rounded down to the nearest whole number. The remaining fraction of a Series L share will be multiplied by the Reference Price and the resulting amount will be paid in cash.

Eligibility

Our shareholders as of the Record Date will be simultaneously entitled to elect to receive the dividend in either cash, Series L shares or a combination thereof, during the period from July 12, 2017 to July 13, 2017 at 5:00 p.m. (Mexico City time) (the "Election Period").

Shareholders may elect a combination of the above options (i.e., either or both options in respect of all or a portion of the shares held by the relevant shareholder). Any shareholder that fails to give us notice of its option within the Election Period will receive the dividend payment cash only.

Upon expiration of the Election Period and set of the Reference Price, we expect to disclose the number of Series L shares to be delivered to our shareholders.

Principal Characteristics

Maximum number of Series L shares available	662,016,946 Series L shares, assuming (i) that all of our shareholders elect to receive Series L Shares (ii) a Reference Price of Ps.14.90 per share and (iii) 65,760,350,000 outstanding shares of AMX as of May 31, 2017.*
Dividend amount	Ps.0.15 (fifteen cents of one Mexican peso) per Series AA, Series A and Series L share outstanding as of the Record Date.
Reference Price	The market price per Series L share as of the opening of trading on the Mexican Stock Exchange on the business day immediately preceding the Payment Date.
Election Period	July 12, 2017 to July 13, 2017 at 5:00 p.m. (Mexico City time).
Payment/settlement date	The dividend will be paid in cash, Series L shares or a combination thereof beginning on July 17, 2017.
Characteristics of the dividend shares	Series L limited-voting shares, issued in registered form, no par value, currently held by the Company as treasury shares.

*The actual number of Series L shares delivered to our shareholders will depend on (i) the elections of our shareholders during the Election Period; (ii) the number of outstanding shares as of the Record Date; and (iii) the market price per Series L share as of the opening of trading on the Mexican Stock Exchange on the business day immediately preceding the Payment Date.

The information above is based on estimates prepared in accordance with the information available as of the date of this notice. Any change subsequent to the date hereof will be disclosed to our shareholders and to the market by means of a supplement hereto or through the information disclosure systems maintained by the Mexican Stock Exchange and/or AMX.

Characteristics of the Dividend Shares

Any shareholder that elects to receive shares will receive Series L shares, which are currently held by us as treasury shares and will have the same characteristics and confer the same rights as the Series L currently outstanding.

For a description of our Series L shares and the risks relating to their subscription please refer to our annual report for the year ended December 31, 2016, which has been filed in accordance with the General Rules for Securities Issuers and Other Securities Market Participants (Disposiciones de carácter general aplicables a las emisoras de valores y a otros participantes del mercado de valores) and is available at www.bmv.com.mx and www.americamovil.com.

2013 Net Earnings Account

At the general ordinary shareholders' meeting of AMX held April 5, 2017, our shareholders determined that the dividend will be paid out of our net earnings account (within the meaning of the Mexican Income Tax Law) as of December 31, 2013, as adjusted.

Financial Statements

Pursuant to Article 19 of the Mexican General Corporations Law (Ley General de Sociedades Mercantiles), we may only distribute our profits after the financial statements that reflect such profits have been approved by our shareholders. The financial statements that are the basis for the dividend payment subject matter hereof are our annual audited financial statements for the year ended December 31, 2013, which were approved by our shareholders at the general annual ordinary shareholders' meeting held April 29, 2014.

Procedure for AMX Shareholders

Notice of Election

Those shareholders who hold their AMX shares through a custodian that maintains an account with S.D. Indeval, Institución para el Depósito de Valores, S.A. de C.V. ("Indeval"), must provide such custodian, within the Election Period, written notice (the "Notice of Election") of their election to receive payment of the dividend in cash, in Series L shares or in a combination thereof.

Consolidation Agent

Indeval will serve as consolidation agent. Custodians must consolidate the instructions received by them from their customers, and must deliver to Indeval the duly executed Notices of Election no later than by 5:00 p.m. (Mexico City time) of the last day of the Election Period.

All Notices of Election must be duly completed and executed and must be delivered by courier, return receipt requested, to Indeval at its offices located at Paseo de la Reforma No. 255, Piso 3, Colonia Cuauhtémoc, Delegación Cuauhtémoc, 06500 Ciudad de México, attention Noe Reyes López, telephone [phone] and e-mail at [e-mail]. Notices of Election will be accepted from 9:00 a.m. to 2:00 p.m., and from 4:00 p.m. to 6:00 p.m. (Mexico City time), each business day during the Election Period; provided,