GRUMA, S.A.B. DE C.V. 
By ir@gruma.com
(52) 81 8399-3311 and 24
Monterrey, N.L. Mexico; November 15, 2011 www.gruma.com
Monterrey, N.L., Mexico, November 15, 2011. GRUMA, S.A.B. de
C.V. ("GRUMA") (NYSE: GMK, BMV: GRUMAB), in connection with
our May 13th, 2010 press release, and with the
information disclosed in our 20-F Report, hereby informs the
following:
1. By virtue of the expropriatory measures on the movable
assets, real estate properties and their improvements of
Molinos Nacionales C.A. ("Monaca"), adopted by the Government
of the Bolivarian Republic of Venezuela (the "Venezuelan
Government"), pursuant to the Presidential Decree No. 7,394
published in the Official Gazette of Venezuela on May 12,
2010 (the "Expropriation Decree"), Valores Mundiales S.L., a
Spanish company subsidiary of GRUMA which owns 100% of
Monaca's capital stock, initiated on the immediate subsequent
date, negotiations with the Venezuelan Government in order to
reach a friendly settlement arising from the respective
controversy including among other matters, the corresponding
payment of a fair and reasonable compensation for the
expropriated assets.
2. In these negotiations, by virtue of the expropriation
decree, the Venezuelan Government has declared interest in
including Derivados de Maíz Seleccionado, Demaseca, C.A.
("Demaseca"), an entity 100% controlled by Consorcio Andino,
S.L., a Spanish company and a subsidiary of GRUMA within the
scope of the expropriatory measures.
3. As Spanish companies, the investments of Valores
Mundiales, S.L. and Consorcio Andino, S.L. in Monaca and
Demaseca, and their respective assets, are protected by the
Treaty for the Reciprocal Promotion and Protection of
Investments between Spain and Venezuela, executed by the
governments of both countries on November 2nd,
1995 (the "Investment Treaty").
4. In seeking to procure to reach the friendly settlement of
the disputes that arose from the publication of the
Expropriation Decree, on November 9th, 2011
Valores Mundiales, S.L., Consorcio Andino, S.L., Monaca and
Demaseca gave formal notice of those controversies to the
Venezuelan Government pursuant to article XI(1) of the
Investment Treaty, and accepted the consent granted by the
Bolivarian
Republic of Venezuela in the Investment Treaty to submit, if
necessary, their disputes to arbitration before the
International Centre for Settlement of Investment Disputes
(the "ICSID"), should a friendly agreement settling those
disputes may not be reached in order to finish with those
controversies.
5. At this stage of the negotiations, we are unable to
guarantee that our involvement in such negotiations will
result in a fair and reasonable compensation, if any, to
GRUMA, trough Valores Mundiales, S.L., and Consorcio Andino,
S.L., for the assets subject to the Expropriation Decree, and
we cannot anticipate the difficulty of collection, among
other matters. In addition, we cannot foresee the position
that the Venezuelan Government may adopt during future
negotiations. The ultimate outcome of this matter is
presently uncertain.
6. GRUMA reaffirms that it has always been in compliance with
Venezuelan laws and regulations, GRUMA and its subsidiaries
Valores Mundiales, S.L., Consorcio Andino, S.L., Monaca and
Demaseca, as socially responsible companies, ratify their
commitment with the people and the Government of the
Bolivarian Republic of Venezuela, to continue producing high
quality food products in order to satisfy the demand and
needs for their products by the Venezuelan population.
GRUMA is one of the world's leading tortilla and corn flour producers. GRUMA was founded in 1949 and is engaged primarily in the production, marketing, distribution, and sale of tortillas, corn flour, and wheat flour. With leading brands in most of its markets, GRUMA has operations in the United States, Mexico, Venezuela, Central America, Europe, Asia, and Australia and exports to 105 countries worldwide. GRUMA is headquartered in Mon terrey, Mexico, and has approximately
20,000 employees and 98 plants. In 2010, GRUMA had net sales of US$3.8 billion, of which 67% came from non -Mexican operations.
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