GRUPO MEXICO RECEIVES NOTICE OF AN APPEAL FILED BY GAP
Mexico City. July 22, 2011. Grupo México, S.A.B. de C.V. (GMéxico) announces to its shareholders that on July 20, 2011, the Company received notice of an appeal filed by Grupo Aeroportuario del Pacífico, S.A. de C.V. (GAP) with the intention of hindering the tender offer GMéxico is required to make under the Securities Market Law. It is the opinion of GMéxico that GAP, its senior management and Board of Directors, are acting to the detriment of the company and contrary to the interests of GAP?s shareholders on attempting to impede the tender offer required by Law, taking actions that do not fall within their respective authorities or duties as conferred by GAP?s company bylaws and applicable law. As a result, it is the opinion of GMéxico that the board members and senior management of GAP may be incurring personal liability and may be subject to lawsuits and other legal actions brought by GAP shareholders in Mexico and the US, including class action suits and penalties by the Mexican Banking and Securities Commission (CNBV), among others.
GMéxico has learned that the Court has denied the provisional suspension sought by GAP on the review proceedings conducted by the CNBV at the request of GMéxico to make the tender offer.This report contains certain forward-looking statements that are subject to risks and uncertainties to actual results that may be significantly different from those expressed. Many of these risks and uncertainties are related to risk factors that Grupo Mexico can not control or estimate precisely, such as future market conditions, metal prices, behavior of other market participants and actions of government regulators, also described in detail in the annual report of the Company. Grupo Mexico does not assume any obligation to publish a review of this forward-looking information to reflect events or circumstances that occur after the date of this report.
Grupo Mexico, S.A.B. de C.V. is a holding company. The Company's principal activities are in the mining-metallurgic industry, the exploration, exploitation and benefit of metallic and non-metallic ores, multimodal freight railroad service, and infrastructure development. The Company's business lines include Mining, Transportation and Infrastructure. Its Mining Division is represented by its subsidiary Americas Mining Corporation, whose subsidiaries are Southern Copper Corporation in Mexico and Peru, and Asarco in the United States. Its Transportation Division is represented by its subsidiaries Infraestructura y Transportes Mexico, S.A. de C.V. and Grupo Mexico Transportes S.A. de C.V. Its subsidiaries are Grupo Ferroviario Mexicano, S.A. de C.V., Ferrocarril Mexicano, S.A. de C.V., Ferrosur, S. A. de C. V., Intermodal Mexico, S.A. de C.V., and Texas Pacifico, LP, Inc. Its Infrastructure Division is represented by its subsidiary Mexico Proyectos y Desarrollos, S.A. de C.V.