Grupo Mexico S A de C : will hold a conference call to comment on the details of the acquisition of the Florida East Coast Railway Holdings Corporation

GRUPO MÉXICO

IR Contact:

Marlene Finny (55) 1103-5344

ir@mm.gmexico.comwww.gmexico.com



México D.F., a 28 de marzo del 2017

Grupo Mexico, S.A.B. de C.V. ("Grupo México" -BMV: GMEXICOB) will hold a conference call with the financial community to comment on the details of the acquisition of Florida East Coast Railway Holdings Corp on March 29, 2017 at 11:00 am (Mexico City time). A Q&A session for analysts and investors will follow the call. Details of the call are diclosed below.

Grupo México announced that, through its Transportation Division, GMéxico Transportes S.A. de

C.V. ("GMXT"), it has entered an agreement with Florida East Coast Railway Holdings Corp ("FEC") under which GMXT will acquire 100% of the stocks of FEC in a cash transaction for a total of US$2.1 billion, including debt.

The transaction will be financed with US$350 million of GMXT's own capital, and US$1.75 billion in debt with different maturities. Thus, GMXT will maintain a solid balance sheet with a ratio of 1.76x net debt to pro-forma EBITDA 2016. GMXT's leverage capacity will be profited from, as it currently has a net cash position of US$115 million.

FEC is a unique and irreplaceable asset with 565 km of owned track that offers railway services along the east coast of Florida and supplies South Florida's ports: Miami, Everglades, and Palm Beach.

FEC is able to serve 70% of the US in 1 to 4 days, and it serves a wide range of clients in the intermodal, aggregates, automotive, chemicals, metals, and lumber segments, handling around 550,000 carloads a year. With this transaction, Grupo Mexico hopes to achieve greater commercial development by enhancing the relations of both companies. Likewise, it expects to achieve synergies and best practices on both sides, such as adapting locomotives to function with natural gas instead of diesel, which would result in a significant reduction of operating costs.

After the acquisition, GMXT will increase its EBITDA by around 20% from US$775 million in 2016 to US$930 million, pro forma, when including FEC's EBITDA. FEC currently has a healthy EBITDA margin of around 40%, and sound growth potential.

Grupo Mexico believes it important to note that once the transaction is carried out, it would be gaining full control of FEC. The acquisition also includes all of FEC's assets and land, contrary to Mexico, where concessions acquired award only rights of way for a given time.

The FEC acquisition is an important strategic addition for GMXT in its transportation service offer in North America. This transaction generates greater strength for GMXT regarding geographic presence and the service we will be able to offer our clients, and it will significantly improve the scope and reach of our services.

Florida is the third largest state in the US, with a GDP of over US$900 billion, 1.2 million new cars sold per year, and over 150,000 homes sold annually; thus, the FEC acquisition will immediately position GMXT as a consolidated railway operator in the US, adding a vital Florida rail line to the company's existing operations in Texas. Thus, GMXT's broad experience as railway operator in the US for over 15 years through our current Texas Pacific line will be increased, and GMXT's growth will be enhanced.

The acquisition is added to the aggressive investment plan that GMXT is currently carrying out in Mexico, and which is estimated to total US$2 billion in the next 5 years.

The transaction is subject to various closing conditions, including the receipt of applicable government authorizations.

FEC was formerly owned by funds managed by affiliates of Fortress Investment Group LLC (NYSE: FIG).

México D.F., March 28, 2017 - Grupo Mexico, S.A.B. de C.V. ("Grupo México" -BMV: GMEXICOB) will hold a conference call with the financial community to comment on the details of the acquisition of Florida East Coast Railway Holdings Corp on March 29, 2017 at 11:00 am (Mexico City time)(1:00 pm EST TIME). A Q&A session for analysts and investors will follow the call.

To participate, please dial in 10 minutes before the start of the conference call: (888) 771-4371 (US participants)

(847) 585-4405 (participants outside the US)

Confirmation code: 44658163

C.V. ("ITM") and Grupo México Transportes S.A. de C.V. Its main subsidiaries are Grupo Ferroviario Mexicano,

S.A. de C.V. ("GFM"), Ferrocarril Mexicano, S.A. de C.V. ("Ferromex"), Ferrosur, S. A. de C. V. ("Ferrosur"), Intermodal México, S.A. de C.V., and Texas Pacifico, LP, Inc. Ferromex is the largest railway company and has the largest coverage in Mexico. Its network spans 8,111 km. of railways covering roughly 71% of the Mexican territory. Ferromex's lines connect at five border points with the USA, as well as at four ports on the Pacific Coast, and two on the Gulf of Mexico. GMexico holds 55.% of Ferromex, Union Pacific holds 26%, and Grupo Carso-Sinca Inbursa, 18.5%. Ferrosur's railway network spans 1,549 km. covering the center and southeast of the country. It serves the states of Tlaxcala, Puebla, Veracruz, and Oaxaca, mainly, and has access to the Veracruz and Coatzacoalcos ports in the Gulf of Mexico. GMexico holds 74.99% of Ferrosur, and Grupo Carso-Sinca Inbursa holds 25.01%.

This report includes certain estimates and future projections that are subject to risks and uncertainty of their real results, which could differ significantly from the figures expressed. A lot of these risks and uncertainty are related to risk factors that GMexico cannot control or estimate precisely, such as future market conditions, metal prices, the performance of other market participants, and the actions of government regulators, all of which are described in detail in the Company's annual report. GMexico is under no obligation to publish a revision of these future projections to reflect events or circumstances that may take place following the release of this report.