Grupo Famsa, S.A.B. de C.V. (the "Issuer") announced the following, in connection with its offer 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"), and the related solicitation of consents (the "Consent Solicitation") of the holders of Existing Notes to certain proposed amendments to the indenture governing the Existing Notes. 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 agent for the Exchange Offer has informed the Issuer that as of 5:00 p.m., New York City time, on December 10, 2019, USD 80,922,000, or 57.80%, of the outstanding aggregate principal amount of Existing Notes had been validly tendered. The Issuer has elected to waive the Minimum Tender Condition (as defined in the Offering Memorandum), and will accept all of the Existing Notes tendered in the Exchange Offer. On the terms and subject to the conditions set forth in the Offering Memorandum, for every USD 1,000 principal amount of Existing Notes tendered and accepted in the Exchange Offer, holders will receive USD 1,000 principal amount of New Notes and USD 12.50 in cash. The settlement of the exchange is expected to occur on or about December 17, 2019. In addition, the Issuer has obtained the amount of consents necessary to execute the Proposed Amendments, which will become effective upon the settlement date.