THE BOLSA INSTITUCIONAL DE VALORES

The Bolsa Institucional de Valores, the new Mexican Stock Exchange, formally begins operations.

On July 25, 2018, the Bolsa Institucional de Valores, S.A. de C.V. (BIVA) formally begins operations. The BIVA will seek to contribute to the promotion of the securities’ markets and will seek to generate greater competition in the market, providing financing alternatives to medium-sized companies.

SINCERELY

Mexico City, July 25th, 2018