Urbi Desarrollos Urbanos SA de CV : Urbi moves forward on its operating consolidation process

 As part of its operating consolidation process, the company is revising the contracts with its service providers, subcontractors and partners to adapt the conditions of the agreement to its strategy of becoming a smaller, but more solid and flexible, company

 In particular comments that the business relationship with its land partners is based in revenue sharing from the sale of the units as equity partners, there is no related financial debt

Selene Avalos, Urbi's Chief Financial Officer, commented: "The land partnerships create a win win situation for all parties involved, as the landowners maximize its return on their assets with a moderated risk by partnering up with a leading company in the development of low-income housing, and Urbi reduces its initial working capital investment by paying for the land only when the units have been built and sold."

And added: "This consolidation process is an opportunity to increase operating and cost efficiencies, as we are revising the conditions of service with each partner and provider to adapt them to the new company size".

Cuauhtemoc Perez, Urbi's Chief Executive Officer, mentioned: "The accelerated transformation of our financial and operative processes to adapt the company's business model to the new market conditions is being painful but absolutely necessary; as we are evolving to become a smaller, but more solid and flexible, company."

The company ratifies its goals for 2013 of obtaining revenues of around MX$12.6bn, with stable margins and FCFE for approximately MX$400m.

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Urbi Desarrollos Urbanos S.A.B. de C.V. (MSE: URBI*) is a leading company in innovation and sustainable development in the construction of communities in Mexico. Currently, Urbi is present in
39 cities, covering the main metropolitan areas and the most dynamic medium-size cities in the country. In more than 31 years of operations, Urbi has developed over 430,000 homes, and has
always conducted its business with a strong emphasis on financial performance, making it one of
the most profitable companies in the sector.

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This document contains forward-looking statements of the Company, including statements about its financial condition and of the Company's future results of operations, its strategy, plans, objectives and targets, and other data that is not historical information. Such forward-looking statements are based on assumptions, plans, intentions and expectations of the Company's management, and

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involve risks, uncertainties and otherfactors, known and unknown, some ofwhich are beyondthe
contro/ ofthe Company. Such statements shou/d not be interpreted based on past trends and activities, as ifthey were to continue in the future. Forward-/ooking statements contained herein are va/id at the date of this document.

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