Grupo Famsa, S.A.B. de C.V. (the Issuer) announced that it is offering to exchange (the Exchange Offer) newly issued 9.75% Senior Secured Notes due 2024 (the New Notes) for any and all of its outstanding 7.250% Senior Notes due 2020 (the Existing Notes). The Issuer is also conducting a solicitation of consents (the Consent Solicitation) of the holders of Existing Notes to certain proposed amendments (the Proposed Amendments) to the indenture governing the Existing Notes (the Existing Indenture). The Proposed Amendments would amend the Existing Indenture to eliminate substantially all of the restrictive covenants and certain events of default, among other provisions contained in the Existing Indenture. The Exchange Offer and Consent Solicitation are being conducted upon the terms and subject to the conditions set forth in the offering memorandum dated October 28, 2019 (as it may be amended or supplemented from time to time, the Offering Memorandum). The Exchange Offer and the Consent Solicitation will expire at 11:59 p.m., New York City Time, on November 25, 2019, unless extended or earlier terminated (such time and date with respect to the Exchange Offer, as the same may be extended, the Expiration Date). Holders who validly tender Existing Notes by 5:00 p.m., New York City time, on November 8, 2019, unless extended (such time and date with respect to the Exchange Offer, as the same may be extended, the Early Tender Deadline), will receive the Total Consideration described below. Holders who validly tender Existing Notes after the Early Tender Deadline will only receive the Exchange Consideration described below. Tenders of Existing Notes may be withdrawn and Consents may be revoked prior to 5:00 p.m., New York City Time, on November 8, 2019, but not thereafter, subject to limited exceptions, unless such time is extended (such time and date with respect to the Exchange Offer, as the same may be extended, the Withdrawal Deadline). Certain Conditions to the Exchange Offer: As described more fully in the Offering Memorandum, the consummation of the Exchange Offer is conditioned upon, among other things, the valid tender, without subsequent withdrawal, of at least USD 112,000,000, or 80%, of the outstanding aggregate principal amount of the Existing Notes (the Minimum Tender Condition) and the delivery of the Requisite Consents (as defined below) at or prior to the Expiration Time and the execution and delivery of the Supplemental Indenture (as defined below) by the parties thereto (the Requisite Consents Condition). The Issuer may, at its option and in its sole and absolute discretion, waive such conditions and any other condition that it may assert subject to applicable law. The Consent Solicitations: The delivery of a consent to the Proposed Amendments by a Holder will constitute a consent to all of the Proposed Amendments. Delivery of consents to the Proposed Amendments by Holders of at least a majority of the aggregate principal amount of the Existing Notes is required for the adoption of the Proposed Amendments with respect to the Existing Notes (the Requisite Consents). If the Issuer obtains the Requisite Consents, it will execute a supplement to the Existing Indenture (the Supplemental Indenture), which the Issuer expects to execute promptly following the Expiration Date. The Supplemental Indenture will become effective upon execution by the Issuer and The Bank of New York Mellon, as trustee under the Existing Indenture (the Existing Notes Trustee), but will provide that the Proposed Amendments will not become operative until the Issuer accepts at least a majority of the aggregate principal amount of the Existing Notes in the Exchange Offer. The Issuer will issue a public announcement if and when the Requisite Consents have been obtained. If the Exchange Offer is terminated or withdrawn, or the Requisite Consents are not obtained but the Exchange Offer is nevertheless consummated, the Existing Indenture will remain in effect in its present form.