Bolsa Mexicana de Valores B de C : Financial report 3Q2022PRESS RELEASE 3Q22YEAR 2022

3rd QUARTER 2022 RESULTS

Mexico City, October 18th, 2022. - Bolsa Mexicana de Valores, S.A.B. de C.V., ("the Bolsa or the BMV") (BMV: BOLSA A) today announced its results for the third quarter of 2022, highlighting:

3Q2022 VS. 3Q2021

• Revenues reached 979 million pesos, 52 million or 6% higher compared to 3Q21 explained by:
• 1. higher trading in derivatives and OTC in Chile and ii) new clients in information services.
• Expenses increased by 4% mainly explained by new software licences in technology and cybersecurity, technological and fiscal consultancies, as well as renovations to BMV's building.
• Operating income and net income increased 7% and 9%, respectively.
• EBITDA was registered at 571 million pesos with an EBITDA margin of 58%.

FINANCIAL HIGHLIGHTS (1)

	3Q22	3Q21	Var %	9M	9M	Var %
	2022	2021
Revenue	979	926	6%	3,126	2,875	9%
Expenses	462	445	4%	1,358	1,340	1%
Operating Income	517	482	7%	1,768	1,535	15%
EBITDA	571	541	6%	1,935	1,707	13%
EBITDA Margin	58%	58%	-5bps	62%	59%	252bps
Net Income	400	368	9%	1,283	1,099	17%
CAPEX	18	13	41%	54	29	87%

OPERATIONAL HIGHLIGHTS

		3Q22	3Q21	Var %	9M 2022	9M 2021	Var %
ADTV -Equity(1)(2)		15,906	15,359	4%	18,811	17,349	8%
Futures - Volume (3)		35,458	32,709	8%	36,023	36,957	-3%
Swaps Notional Value (1)	104,623	112,457	-7%	337,636	365,076	-8%
Margin Deposits (1)		37,020	30,217	23%	33,369	34,399	-3%
(1) Million pesos	(2)	Average Daily Traded Value	(3) Daily Average

During the third quarter of 2022, BMV's revenues increased by 52 million pesos compared to the same quarter of 2021 due to higher transactional revenues (derivatives and OTC) and new information services clients. Expenses increased 17 million pesos or 4%, explained by higher technology and consulting expenses, as well as building renovations. EBITDA margin was 58% for the quarter and 62% for the year. Net Income was 400 million pesos, up 9% compared with the third quarter of 2021. Earnings per share increased 10% in the 3Q22.

[e-mail]

For more information: Luis René Ramón, Investor Relations [phone]

REVENUES

During the third quarter of 2022 the exchange rate, USDMXN, reached a minimum and maximum of 19.80 and 20.94 pesos per U.S. dollar, respectively, and for the quarter the exchange rate closed at 20.31. Moreover, INEGI published the inflation rate estimate for 2021 at 8.7% and the Central Bank (Banco de México) set the reference interest rate at 9.25%. In the U.S., the Federal Reserve increased the interest rate to a range of 3-3.25%. In these conditions, BMV's revenues for the third quarter of 2022 were 6% higher than on 3Q21.

Quarterly Revenues (1)

Revenues up to 3Q22(2)

2022 vs. 2021

2021

2022

	1150
983	965	997	926	979	954

2017-2022

CAGR(2) +6.2%

2,959 2,875

2,632 2,663

2,314

3,126

1Q	2Q	3Q	4Q	2017	2018	2019	2020	2021	2022
(1)	Million pesos				(2) Compound Annual Growth Rate

Revenue Detail (1)

	3Q - 2022 vs 2021	9M - 2022 vs 2021
	Revenue	Var %	Revenue	Var %
Cash Equities	-210	0%	20,901	5%
Cash equities trading- BMV	-368	0%	14,963	6%
Cash equities clearing- CCV	158	0%	5,938	4%
Derivatives	8,177	17%	17,294	12%
MexDer	2,178	10%	15,261	24%
Asigna	5,999	25%	2,033	2%
OTC (SIF ICAP)	14,636	9%	72,751	15%
Capital Formation	-1,305	-1%	-4,117	-1%
Listing fees- BMV	66	0%	2,698	8%
Maintenance Fee- BMV	-1,371	-1%	-6,816	-2%
Central Securities Depository	2,791	1%	69,309	8%
Information Services	23,700	15%	64,887	14%
Price Vendor- Valmer	5,523	11%	15,881	12%
Data Sales	18,177	17%	49,006	15%
Others	4,552	12%	10,528	10%
Total	52,340	6%	251,553	9%
(1) Million pesos
				2

Cash Equities

Cash Equities revenue, which mainly comprises Domestic and Global Market activities, was 122 million pesos, in line with the third quarter 2021.

Trading revenues were 74 million, a similar figure to 3Q21. The average daily trading value (ADTV) for the third quarter of 2022 was 15,906 million pesos, which represents an increment of 4% compared to the third quarter of the previous year. The difference between the growth rate in ADTV and revenue is due to the cancellation of services of three brokerage houses: UBS, Evercore and Deutsche.

It is important to mention that regulatory changes regarding the best execution rule or the allocation of trades was implemented in August of this year. Due to these changes, BMV Group decreased its market share to 87% in the third quarter of 2022 (92% in the local market and 83% in the global market), from 93% in the same period of the previous year.

In the year-to-dateresults, trading revenues were up 15 million or 6% to 252 million pesos. During the first nine months of 2022, the ADTV was 18,811 million pesos, up 8% compared to the same months of 2021. The BMV's market share in the 9M21 was 90%: 95% in the local market and 85% in the global market.

Stock market operating highlights in BMV- Equities

	3Q22	3Q21	Var %	9M	9M	Var %
	2022	2021
Total Market
Daily average value traded (1)	15,906	15,359	4%	18,811	17,349	8%
Daily average volume (2)	206,276	208,351	-1%	247,337	253,005	-2%
Local Market
Daily average value traded (1)	7,453	7,371	1%	9,060	8,191	11%
Daily average volume (2)	195,807	198,847	-2%	235,523	239,979	-2%
Global Market (SIC)
Daily average value traded (1)	8,453	7,988	6%	9,752	9,158	6%
Daily average volume (2)	10,469	9,504	10%	11,814	13,025	-9%

1. Million pesos
2. Thousand shares

During the third quarter, cash equity clearing (CCV) were 48 million pesos, in line with 3Q21. The ADTV of the total Mexican cash equities market was 18,325 million pesos, 10% higher than 9M21. However, there was a greater number of cross trades carried out compared to the same period last year.

Up-to-September, CCV presented higher revenues by 6 million pesos or 4% to 160 million compared with the same period in 2021. The ADTV of the total Mexican cash equities market during the first nine months of 2022 was 20,965 million pesos, 11% higher than 9M21. Similarly, in the accumulated months of 2022 there was a greater number of cross trades compared to the same period of the previous year.

3

Derivatives

Derivatives trading (MexDer) in the third quarter presented revenues for 25 million pesos, 2 million or 10% higher versus 3Q21 because of a higher volume in dollar futures, +36%, with institutional clients and interest rate swaps where there was a fewer volume of contracts, but with a longer tenor.

In the period up to September 2022, MexDer registered 78 million pesos in revenue, 15 million or 24% higher compared to 9M21. At the end of September 2022, the open interest of dollar futures is 1.4 million contracts, three times more than the same period of the previous year.

MexDer charges a different trading fee based on the type of contract. Therefore, changes in contract operations do not necessarily reflect revenue movements.

Futures operating highlights - Futures

	3Q22	3Q21	Var %	9M	9M	Var %
	2022	2021
IPC Index	1,330	1,404	-5%	1,381	1,485	-7%
Mini IPC	3	21	-88%	3	18	-80%
Overnight TIIE Funding Rate	0	6,566	6,566	0	0	0%
Currencies	33,159	24,466	36%	33,964	28,617	19%
Bonds	77	132	-42%	153	149	3%
Equities	889	120	640%	521	122	328%
Subtotal	35,458	32,709	8%	36,023	36,957	-3%
Swaps TIIE 28	16,096	17,301	-7%	17,770	19,316	-8%
TOTAL	51,553	50,010	3%	53,793	56,273	-4%
Contracts (daily average)

TIIE 28 Swaps

	3Q22	3Q21	Var %	9M	9M	Var %
	2022	2021
Notional Value (1)	104,623	112,457	-7%	337,636	365,076	-8%
(1) Million pesos

During the third quarter of 2022, derivatives clearing (Asigna) reported revenues for 30 million pesos, up 6 million or 25% compared to 3Q21. The average margin deposits were 37 billion pesos or 23% more than on the third quarter of 2021 because of higher market volatility and hence higher margin deposit, as well a larger volume in dollar futures in MexDer.

When compared with the same accumulated months of 2021, Asigna's revenues increased by 2 million to 83 million pesos mainly due to clearing and settlement of dollar futures, in part impacted by lower margin deposits (-3% vs 9M21) due to the new methodology which was released in February 2022. Asigna charges 2 basis points on the average margin deposits and different settlement fees based on the type of contract traded.

4

Margin Deposits

	3Q22	3Q21	Var %	9M	9M	Var %
	2022	2021
Margin Deposits (1)	37,020	30,217	23%	33,369	34,399	-3%

(1) Million pesos

OTC Trading (SIF ICAP)

Revenue for SIF ICAP in 3Q22 was 171 million pesos, 15 million or 9% higher when compared with the same period in 2021. SIF ICAP Mexico's revenues were down 2 million pesos or 4% because of lower trading of foreign clients. On the other hand, the revenue in SIF ICAP Chile increased by 17 million pesos or 16% explained by higher volatility due to economic and political events.

In the period up to September 2022, SIF ICAP's revenues increased by 73 million or 15% to 558 million pesos. It is important to mention that SIF ICAP Chile recorded non-recurring revenue from VAT refunds for an amount of 37 million pesos. This item has no impact on personnel variable compensation.

Excluding non-recurring items, SIF ICAP Mexico revenue decreased 3%, while SIF ICAP Chile revenue increased 13% in the first nine months of 2022. As a result of the variable compensation plan, a better performance in this business has an impact in personnel expenses and viceversa.

Capital Formation

During the third quarter, listing revenues reached 15 million pesos, a similar figure to that of 3Q21. In the debt market, 241 short-term debt issues were placed for an amount of 46 billion pesos (-1% vs. 3Q21) and 20 long-term issues for an amount of 53 billion pesos (+71% vs 3Q21). It is relevant to note that in the third quarter of 2022, 3 ESG listings were registered, two social bonds from Compartamos Banco for

2.5 billion pesos and Fonacot for 4 billion pesos, as well as a sustainable bond from the State of Mexico for 2.9 billion. In the equity market, the follow-on of Fibra Monterrey for 3.5 billion pesos during 3Q22 stand out.

Accumulated revenues up to September 2022 were 38 million pesos, 3 million or 8% higher than those observed in the same period of 2021. The number of listings in short and long-term debt markets was -12% and +40% compared to 9M21, with an amount placed at -1% and +66%, respectively. In the equity market, Fibra Monterrey issued a follow-on for 3.5 billion pesos during 3Q22.

Regarding CKDs, Lock Capital solutions stands out with three listings for 55 million pesos.

5