<SEC-DOCUMENT>0001292814-16-005483.txt : 20160802
<SEC-HEADER>0001292814-16-005483.hdr.sgml : 20160802
<ACCEPTANCE-DATETIME>20160801174513
ACCESSION NUMBER:		0001292814-16-005483
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160930
FILED AS OF DATE:		20160802
DATE AS OF CHANGE:		20160801

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICA MOVIL SAB DE CV/
		CENTRAL INDEX KEY:			0001129137
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			O5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16269
		FILM NUMBER:		161798423

	BUSINESS ADDRESS:	
		STREET 1:		LAGO ZURICH 245
		STREET 2:		COLONIA GRANADA AMPLIACION
		CITY:			MEXICO DF
		STATE:			O5
		ZIP:			11529
		BUSINESS PHONE:		5255-2581-4449

	MAIL ADDRESS:	
		STREET 1:		LAGO ZURICH 245
		STREET 2:		COLONIA GRANADA AMPLIACION
		CITY:			MEXICO DF
		STATE:			O5
		ZIP:			11529

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICA MOVIL SA DE CV/
		DATE OF NAME CHANGE:	20010119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICA  MOBILE
		DATE OF NAME CHANGE:	20001221

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN MOBILE
		DATE OF NAME CHANGE:	20001215
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>amxpr2q16_6k.htm
<DESCRIPTION>AMERICA MOVIL'S SECOND QUARTER OF 2016 FINANCIAL AND OPERATING REPORT
<TEXT>

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<DIV align=center><FONT color=#000000 size=4 face="Times New Roman"><B>SECURITIES AND EXCHANGE COMMISSION&nbsp; </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>Washington, D.C. 20549 </B></FONT></DIV><BR>

<DIV align=center></DIV><BR>

<DIV align=center><FONT color=#000000 size=4 face="Times New Roman"><B>FORM 6-K </B></FONT></DIV><BR>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">Report of Foreign Private Issuer<BR>Pursuant to Rule 13a-16 or 15d-16 of the</FONT></DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">Securities Excha</FONT><FONT color=#000000 size=3 face="Times New Roman">nge Act of 1934</FONT></DIV>

<DIV>&nbsp;</DIV>

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<DIV><FONT color=#000000 size=3 face="Times New Roman"><B>For the month of&nbsp;August, 2016</B></FONT></DIV><FONT color=#000000 size=3 face="Times New Roman"><B><BR></B></FONT><FONT color=#000000 size=3 face="Times New Roman"><B>Commission File Number: 1-16269 </B></FONT></DIV>

<DIV>&nbsp;</DIV>

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<DIV align=center><FONT color=#000000 size=4 face="Times New Roman"><B>AM&#201;RICA M&#211;VIL, S.A.B. DE C.V. </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Exact name of registrant as specified in its charter) </FONT></DIV>

<DIV align=center><FONT color=#000000 size=4 face="Times New Roman"><B>America Mobile</B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Translation of Registrant&#180;s name into English) </FONT></DIV>

<DIV>&nbsp;</DIV>

<DIV align=center></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman"><B>Lago Zurich 245<BR>Plaza Carso / Edificio Telcel<BR>Colonia Granada Ampliaci&#243;n&nbsp;<BR>11529 Mexico, D.F., Mexico<BR></B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Address of principal executive office)</FONT></DIV>

<DIV>&nbsp;</DIV>

<P></P>

<P></P>

<P></P>

<P></P>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">Indicate by check mark whether the registrant files or will file annual reports<BR>under cover Form 20-F or Form 40-F.&nbsp;<BR>Form 20-F ___X___ Form 40-F _______ </FONT>

<P><FONT size=2 face="Times New Roman, Times, Serif">Indicate by check mark if the Registrant is submitting this Form 6-K in paper as<BR>permitted by Regulation S-T Rule 101(b)(1):<BR>Yes _______ No ___X____<BR><BR>Indicate by check mark if the Registrant is submitting this Form 6-K in paper as<BR>permitted by Regulation S-T Rule 101(b)(7):<BR>Yes _______ No ___X____<BR><BR>Indicate by check mark whether the registrant by furnishing the information contained in this Form 6-K is also thereby furnishing the information to the<BR>Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.<BR>Yes _______ No ___X____ </FONT></P>

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<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV>

<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 5pt; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; LINE-HEIGHT: 18pt; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 16pt" color=#007298 face=Asap-Bold>Am&#233;rica M&#243;vil&#8217;s second quarter of <BR>2016 financial and operating report</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 120%"><FONT style="LINE-HEIGHT: 120%" face=asap-regular><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=asap-regular></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 120%"><FONT style="LINE-HEIGHT: 120%" color=#4c4c4c face=asap-italic><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#4c4c4c face=asap-italic>Mexico City, July 28, 2016 - Am&#233;rica M&#243;vil, S.A.B. de C.V. (&#8220;Am&#233;rica M&#243;vil&#8221;) [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today its financial and operating results for the second quarter of 2016. </FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 120%"><FONT style="LINE-HEIGHT: 120%" face=asap-regular><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=asap-regular></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular>We ended June with 364.5 million access lines, 0.9% less than a year before, after net disconnections of 1.6 million prepaid subs in the quarter, most of them in Brazil. This figure includes 282.9 million wireless subscribers, 33.7 million landlines, 26.0 million broadband accesses and 22.0 million PayTV units. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular>On the mobile platform, the postpaid base was up 5.9% and the prepaid one was down 4.2%. On the fixed line platform, RGUs were up 3.6% year-on-year, driven by broadband accesses that rose 8.9%.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular>Second quarter revenues rose 6.1% from the year-earlier quarter to 233 billion pesos, with service revenues increasing 3.2%, reflecting the appreciation of several currencies vs. the Mexican peso.&nbsp; At constant exchange rates, service revenues were down 2.1% year-on-year.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular>EBITDA of 61 billion pesos declined 10.7% in Mexican pesos terms relative to the prior year, 13.2% at constant exchange rates.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular>We obtained a net profit of 7.7 billion pesos in the second quarter, down 45.2% from the year before. It was equivalent to 0.12 pesos per share or 0.13 dollars per ADR.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular>Our net debt stood at 608 billion pesos. In dollar terms, our net debt declined by 1.7 billion dollars at nominal exchange rates and by 1.2 billion in flow terms. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular>Our cash flow from operations, the distributions obtained from our shareholdings&#8211;particularly those in KPN&#8211;and the unwinding of currency swaps allowed us to finance capital expenditures amounting to 57.2 billion pesos, share buybacks of 5.2 billion pesos and acquisitions of equity interests of 3.4 billion pesos. In addition, they allowed us to further reduce our net debt.</FONT></P>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" colSpan=4 align=left><STRONG><FONT style="COLOR: #007298" color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Am&#233;rica M&#243;vil&#8217;s Subsidiaries as of June 2016</FONT><FONT style="COLOR: #007298"></FONT> <FONT style="COLOR: #007298"></FONT></STRONG><FONT style="COLOR: #007298"></FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><STRONG><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Country</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><STRONG><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Brand</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><STRONG><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Business</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif><STRONG>Equity</STRONG><STRONG><FONT color=#000000 size=3 face="Times New Roman">&nbsp;<BR></FONT>Participation</STRONG></FONT><FONT style="COLOR: #007298"><STRONG>&nbsp;</STRONG></FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Mexico</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telcel</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telmex</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>98.7%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Secci&#243;n Amarilla </FONT><SUP><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(1)</FONT></SUP>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>other</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>98.4%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telvista</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>other</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>89.4%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Argentina</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telmex</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>99.7%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Brazil</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>97.6%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Chile</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telmex</FONT><SUP><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(1)</FONT></SUP>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Colombia</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>99.4%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telmex</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>99.3%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Costa Rica</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Dominicana</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Ecuador</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telmex</FONT><SUP><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(1)</FONT></SUP>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>98.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>El Salvador</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>95.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Guatemala</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>99.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Honduras</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Nicaragua</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>99.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Panama</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Paraguay</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Peru</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Puerto Rico</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Uruguay</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>USA</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Tracfone</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Netherlands</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>KPN</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>21.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Austria</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telekom Austria</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>59.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=4 align=left><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(1) Equity Participation of Telmex Internacional of which Am&#233;rica M&#243;vil owns 97.84%. All companies are consolidated under the global consolidation method with the</FONT>&nbsp;<FONT color=#4d4d4d size=1 face=Arial>exception of KPN that since May, 2015 is deemed to be available for sale.</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P>&nbsp;</P>

<TABLE style="WIDTH: 99%" border=0 cellSpacing=0>



<TR>

   <TD width="70%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=3 align=left><FONT style="COLOR: #007298" color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Am&#233;rica M&#243;vil Fundamentals (IFRS)</FONT><FONT style="COLOR: #007298"></FONT> <FONT style="COLOR: #007298"></FONT><FONT style="COLOR: #007298"></FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="70%" align=left><FONT style="COLOR: #007298">&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Earnings per Share (Mex$) </FONT><SUP><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>(1)</FONT></SUP>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.12</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.21</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Earning per ADR (US$) </FONT><SUP><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>(2)</FONT></SUP>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.13</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.27</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EBITDA per Share (Mex$)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.93</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.02</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EBITDA per ADR (US$)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.03</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.33</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Net Income (millions of Mex$)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7,700</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14,048</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average Shares Outstanding (billion)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>65.69</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>67.11</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=3 align=left>

   <P style="MARGIN-TOP: 6pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>(1) Net Income / Average Shares outstanding</FONT></I></P></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=3 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>(2) 20 shares per ADR</FONT></I></TD></TR></TABLE></DIV>

<P><FONT lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P><FONT style="COLOR: #007298; FONT-SIZE: 12pt" lang=EN-US><STRONG><FONT style="FONT-SIZE: 14pt">Relevant Events</FONT></STRONG></FONT>

<HR color=#000000 SIZE=1 width="100%">



<DIV>&nbsp;</DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black>On May 9th, our Peruvian subsidiary entered into an agreement to acquire 100% of the capital stock of Olo del Per&#250; and TVS Wireless S.A.C., both of them companies that provide telecommunication services throughout Peru and hold spectrum in the 2.5 GHz band. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black>On May 26th, our Peruvian subsidiary acquired in a public auction 30 MHz of spectrum in the 700MHz frequency. The cost of the spectrum was 306 million dollars.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt" align=justify><FONT style="FONT-SIZE: 10pt">On June 9th, our subsidiary Telmex was notified of a resolution issued by the Instituto Federal de Telecomunicaciones </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>related to the internet service UnoTV, by which the IFT resolved that the access to UnoTV&#8217;s content through Telmex&#8217;s network did not breach the prohibition to distribute television signals under its concession title.</FONT></P>

<P><FONT lang=EN-US color=black face=Asap-Regular>&nbsp;</FONT> </P></DIV>

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<DIV>&nbsp;</DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>&nbsp;</FONT></P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>On July 28th, in line with our commitments under the Syndicate Agreement entered into with &#214;BIB in representation of the Republic of Austria,&nbsp; we sold to the market a part of our stake in Telekom Austria, bringing it down by 7.8% to 51.9%. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 8pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=#007298 face=Asap-Bold>Access Lines</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>We ended June with 364.5 million access lines, 0.9% less than a year before, after mobile disconnections of 1.6 million prepaid subs, most of them in Brazil. Altogether we had 282.9 million wireless subscribers, 33.7 million landlines, 26.0 million broadband accesses and 22.0 million PayTV units. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=#007298 face=asap-bold></FONT></B>&nbsp;</P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 8pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=#007298 face=Asap-Bold>Wireless Subscribers</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Our wireless subscriber base ended June with 282.9 million clients, down 2.1% from a year before. Net disconnections topped one million subs, the majority of which took place in Brazil. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt">&nbsp;</P>

<TABLE style="WIDTH: 99%" border=0 cellSpacing=0>



<TR>

   <TD width="45%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD></TR>

<TR vAlign=bottom>

   <TD width="100%" colSpan=6 align=left><FONT style="COLOR: #007298" size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Subscribers as of June 2016</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="45%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="55%" colSpan=5 align=center><B><FONT size=1 face=Asap-Bold,Arial,Helvetica,sans-serif>Total</FONT></B><B><SUP><FONT size=1 face=Asap-Bold,Arial,Helvetica,sans-serif>(1) </FONT></SUP></B><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(Thousands)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="45%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Country</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jun&#8217;16</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Mar&#8217;16</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jun&#8217;15</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Argentina, Paraguay and Uruguay</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22,976</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22,885</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21,661</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Austria &amp; CEE</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20,482</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20,530</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20,005</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Brazil</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>64,264</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>65,289</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>71,202</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-9.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Central America</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15,773</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15,584</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14,720</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Caribbean</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,373</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,331</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,193</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Chile</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,476</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,465</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,005</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Colombia</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28,260</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28,340</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29,370</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Ecuador</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,864</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,665</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9,923</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-10.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Mexico</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>73,108</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>73,495</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>72,633</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Peru</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11,954</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,070</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,370</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>USA</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25,321</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25,211</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25,713</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Wireless Lines</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>282,851</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>283,865</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>288,796</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-2.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=6 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>(1) Includes total subscribers of all companies in which Am&#233;rica M&#243;vil holds an economic interest; does not consider the date in which the companies started being</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>consolidated.</FONT></EM>&nbsp;</TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Our postpaid segment continued delivering growth as it registered an annual increase of 5.9% after net additions of 559 thousand in the quarter, including 188 thousand in Mexico and 145 thousand in Colombia. Mexico&#8217;s subscriber postpaid base increased&nbsp; 10.4%, Ecuador&#8217;s 8.9%, Brazil&#8217;s 6.2% and Peru&#8217;s 5.0%.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>We registered net disconnections on the prepaid platform of 1.6 million, taking our subscriber base down 4.2% to 218.5 million clients. Amongst the disconnections, 1.1 million came from Brazil and 575 thousand from Mexico.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Overall, the best performing operations in terms of subscriber growth were Chile and the Central American block, registering increases of 7.8% and 7.2%, respectively. In Argentina our client base was up 5.5% over the year and in the Caribbean 3.5%.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 8pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=#007298 face=Asap-Bold>Fixed Revenue Generating Units</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>We had 81.7 million fixed-line RGUs at the end of June, 3.6% more than a year before. The growth was driven by broadband accesses that expanded 8.9% over the year. The number of landlines was somewhat higher than a year before, mostly as a result of the improvements in Colombia. As regards PayTV, at the end of June we were just shy of 22 million units. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>In Brazil we had 36.8 million fixed accesses, 0.8% more than a year before, with broadband units rising 7.1%. In Mexico we ended the quarter with 21.7 million fixed RGUs including nearly nine million fixed-broadband connections, 3.6% more than a year before. Colombia and the Central American block were our fastest growing operations, with accesses increasing 8.5% and 8.8%, respectively over the year.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

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   <TD width="100%" colSpan=6 align=left><FONT style="COLOR: #007298" color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed-Line and Other Accesses (RGUs) as of June 2016</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="45%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="55%" colSpan=5 align=center><B><FONT size=1 face=Asap-Bold,Arial,Helvetica,sans-serif>Total</FONT></B><B><SUP><FONT size=1 face=Asap-Bold,Arial,Helvetica,sans-serif>(1) </FONT></SUP></B><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(Thousands)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="45%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Country</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jun&#8217;16</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Mar&#8217;16</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jun&#8217;15</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Argentina, Paraguay and Uruguay</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>588</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>586</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>581</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Austria &amp; CEE</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,609</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,594</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,509</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Brazil</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36,809</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36,876</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36,516</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Central America</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,183</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,071</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,763</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Caribbean</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,601</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,553</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,431</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Chile</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,283</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,250</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,229</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Colombia</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,055</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,932</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,583</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Ecuador</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>354</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>354</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>368</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Mexico</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21,722</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21,694</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21,606</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Peru</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,475</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,434</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,289</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total RGUs</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>81,679</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>81,345</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>78,875</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=6 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>(1) Fixed Line, Broadband and Television (Cable &amp; DTH).</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 8pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=#007298 face=Asap-Bold>Am&#233;rica M&#243;vil Consolidated Results</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>The second quarter saw a recovery of several currencies vis-a-vis the U.S. dollar as the likelihood of new interest rates increases by the Fed appeared to wane. Some indicators pointed towards a stabilization of the main financial and economic variables in China, which had previously been a matter of concern for the international capital markets.&nbsp; In Latin America both the Brazilian real and the Colombian peso continued their come-back, but the Mexican peso weakened further.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Revenues rose 6.1% from the year-earlier quarter to 233 billion pesos, with service revenues increasing 3.2% as mobile revenues increased 5.5% and fixed-line revenues 7.4%. These increases reflect the appreciation of several currencies vs. the Mexican peso in the period, particularly the Brazilian real and the Colombian peso.&nbsp; At constant exchange rates service revenues were down 2.1% year-on-year.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Substantially all our operations maintained their growth trends in local currency terms.&nbsp; In Mexico, however, we saw a step down in revenues brought about mostly by more aggressive commercial plans in the pre-paid segment as a greater part of our subscribers moved towards unlimited call plans.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Our EBITDA amounted to 61 billion pesos, in what represented a 10.7% decline in Mexican pesos terms in relation to the </FONT>


<FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>prior year&#8212;13.2% at constant exchange rates&#8212;mostly on account of the above-mentioned revenue losses in Mexico, bringing about a 29.1% reduction in operating profits. These, in turn, brought about a 55% decrease in the provisions for income and deferred taxes in relation to the year-earlier quarter.</FONT></P>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>We obtained a net profit of 7.7 billion pesos in the second quarter, down 45.2% from the year before. It was equivalent to 0.12 pesos per share or 0.13 dollars per ADR.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Our net debt, 608 billion pesos, was up from 582 billion pesos in December because of exchange rate variations:&nbsp; In dollar terms our gross debt actually came down by 1.9 billion dollars in the first six months at nominal exchange rates, and by 1.5 billion dollars at constant exchange rates, while our </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=asap-italic>net</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular> debt declined by 1.7 billion dollars at nominal exchange rates and by 1.2 billion in flow terms. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

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<TABLE style="WIDTH: 99%" border=0 cellSpacing=0>



<TR>

   <TD width="41%"></TD>

   <TD width="10%"></TD>

   <TD width="9%"></TD>

   <TD width="9%"></TD>

   <TD width="10%"></TD>

   <TD width="10%"></TD>

   <TD width="7%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid" colSpan=7 align=left><FONT color=#007399 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Am&#233;rica M&#243;vil&#8217;s Income Statement (IFRS) </FONT><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Mexican pesos</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan-Jun 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan-Jun 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>199,808</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>193,587</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>394,111</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>387,264</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>33,575</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26,289</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>62,257</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>52,607</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>233,383</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>219,876</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>456,368</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>439,871</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Cost of Service</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>75,145</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>67,033</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>147,590</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>134,704</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Cost of Equipment</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41,427</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34,079</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>77,484</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>68,199</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Selling, General &amp; Administrative Expenses</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>54,238</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>48,804</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>105,405</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>97,072</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Others</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,591</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,655</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,172</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,333</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Costs and Expenses</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>172,400</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>151,571</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>13.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>333,651</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>303,308</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>10.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>60,983</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>68,305</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-10.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>122,717</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>136,563</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-10.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% of Total Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Depreciation &amp; Amortization</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35,224</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31,988</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>68,917</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>62,534</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>25,758</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>36,316</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-29.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>53,801</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>74,030</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-27.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% of Total Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>16.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>16.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Net Interest Expense</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7,241</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,699</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14,188</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11,913</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>19.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Other Financial Expenses</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-6,396</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7,656</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>16.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,516</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7,486</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>173.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Foreign Exchange Loss</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11,826</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,935</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-8.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13,665</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30,768</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-55.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Comprehensive Financing Cost (Income)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>12,671</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>10,978</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>15.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>33,369</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>35,194</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-5.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Income &amp; Deferred Taxes</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,547</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10,108</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-55.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,770</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14,505</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-53.3%</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=7>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Net Income before Minority</FONT>&nbsp;</TD>

   <TD align=left>&nbsp; </TD>

   <TD align=left>&nbsp; </TD>

   <TD align=left>&nbsp; </TD>

   <TD align=left>&nbsp; </TD>

   <TD align=left>&nbsp; </TD>

   <TD align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Interest and Equity Participation in Results</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,540</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15,230</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-43.9%</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13,661</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24,330</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-43.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>of Affiliates</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=left>&nbsp; </TD></TR>

<TR>

   <TD colSpan=7>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equity Participation in Results of Affiliates*</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>33</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1,395</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>102.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>70</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1,389</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>105.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Minority Interest</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-873</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>213</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>n.m.</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1,233</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-666</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-85.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Net Income</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7,700</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>14,048</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-45.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>12,499</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>22,276</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-43.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Includes KPN</FONT></I></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>n.m. Not meaningful</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Our cash flow from operations, the distributions obtained from our shareholdings&#8211;particularly those in KPN&#8211;and the unwinding of currency swaps allowed us to finance capital expenditures amounting to 57.2 billion pesos, share buybacks </FONT>


<FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>of 5.2 billion pesos and acquisitions of equity interests of 3.4 billion pesos. In addition they allowed us to further reduce our net debt.</FONT></P>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

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<TR>

   <TD width="20%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="8%"></TD>

   <TD width="20%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

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   <TD style="BORDER-BOTTOM: #007399 1px solid" width="100%" colSpan=8 align=left><FONT color=#007399 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif><STRONG>Balance Sheet (in accordance with IFRS) - Am&#233;rica M&#243;vil Consolidated</STRONG> </FONT><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Mexican Pesos</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jun '16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec '15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jun '16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec '15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" width="20%" align=left><I><FONT size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>Current Assets</FONT></I>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 0pt" width="20%" align=left>

   <P style="MARGIN-LEFT: 10pt"><I><FONT size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>Current Liabilities</FONT></I>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="20%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Cash, Marketable</FONT>&nbsp;</TD>

   <TD width="11%" align=left>&nbsp; </TD>

   <TD width="11%" align=left>&nbsp; </TD>

   <TD width="8%" align=left>&nbsp; </TD>

   <TD width="20%" align=left>&nbsp; </TD>

   <TD width="11%" align=left>&nbsp; </TD>

   <TD width="11%" align=left>&nbsp; </TD>

   <TD width="8%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="20%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Securities &amp; Other Short</FONT>&nbsp;</TD>

   <TD width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>106,025</FONT>&nbsp;</TD>

   <TD width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>101,508</FONT>&nbsp;</TD>

   <TD width="8%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4.5%</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" width="20%" align=left>

   <P style="MARGIN-LEFT: 10pt"><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Short Term Debt*</FONT>&nbsp;</P></TD>

   <TD width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>105,727</FONT>&nbsp;</TD>

   <TD width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>119,590</FONT>&nbsp;</TD>

   <TD width="8%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>-11.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" width="20%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Term Ivestments</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" width="20%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Accounts Receivable</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>194,884</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>196,123</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 0pt" width="20%" align=left>

   <P style="MARGIN-LEFT: 10pt"><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Accounts Payable</FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>288,899</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>249,632</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>15.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" vAlign=middle width="20%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Other Current Assets</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" vAlign=middle width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>26,285</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" vAlign=middle width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>18,124</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" vAlign=middle width="8%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>45.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" vAlign=middle width="20%" align=left>

   <P style="MARGIN-LEFT: 10pt"><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Other Current</FONT><BR><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Liabilities</FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" vAlign=middle width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>56,556</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" vAlign=middle width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>56,313</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="8%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>0.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" width="20%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Inventories</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>36,824</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>35,577</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>3.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>451,183</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>425,535</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>364,019</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>351,332</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="8%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="8%" align=left>&nbsp; </TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=8>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" width="20%" align=left><I><FONT size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>Non Current Assets</FONT></I>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="20%" align=left>

   <P style="MARGIN-LEFT: 10pt"><I><FONT size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>Non Current Liabilities</FONT></I>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" width="20%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Plant &amp; Equipment</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>646,936</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>573,529</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>12.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 0pt" width="20%" align=left>

   <P style="MARGIN-LEFT: 10pt"><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Long Term Debt</FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>608,578</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>563,627</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>8.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" width="20%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Investments in Affiliates</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>3,484</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>3,111</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>12.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 0pt" width="20%" align=left>

   <P style="MARGIN-LEFT: 10pt"><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Other Liabilities</FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>161,178</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>146,470</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>10.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>769,756</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>710,097</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" width="20%" align=left><I><FONT size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>Deferred Assets</FONT></I>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" width="20%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Goodwill (Net)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>146,445</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>137,114</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>6.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" width="20%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Intangible Assets</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>118,834</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>101,750</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>16.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 0pt" width="20%" align=left>

   <P style="MARGIN-LEFT: 10pt"><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Shareholder's Equity</FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>217,836</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>160,854</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="8%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>35.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="20%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Deferred Assets</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>159,058</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>129,652</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="8%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>22.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="8%" align=left>&nbsp; </TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=8>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" vAlign=middle width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Assets</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" vAlign=middle width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,438,775</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" vAlign=middle width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,296,487</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" vAlign=middle width="8%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>11.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" vAlign=middle width="20%" align=left>

   <P style="MARGIN-LEFT: 10pt"><STRONG><FONT color=#007399 size=2 face=Arial>Total Liabilities</FONT></STRONG>&nbsp;<BR><STRONG><FONT color=#007399 size=2 face=Arial>and Equity</FONT></STRONG>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" vAlign=middle width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,438,775</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" vAlign=middle width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,296,487</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" vAlign=middle width="8%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>11.0%</FONT></B>&nbsp;</TD></TR>

<TR>

   <TD width="100%" colSpan=8>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=8 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Includes current portion of Long Term Debt.</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<TABLE style="WIDTH: 99%" border=0 cellSpacing=0>



<TR>

   <TD width="70%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="70%" align=left><FONT color=#007399 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif><STRONG>Financial Debt of Am&#233;rica M&#243;vil</STRONG> </FONT><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of U.S. dollars equivalent</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="70%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jun-16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec-15</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" width="70%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Peso - denominated debt</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4,078</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,022</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 14.983pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Bonds and other securities</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,929</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,869</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 14.983pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Banks and others</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>149</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>153</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" width="70%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>U.S. Dollar - denominated debt</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>13,413</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>14,965</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 14.984pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Bonds and other securities</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,631</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,670</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 14.984pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Banks and others</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>782</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,295</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" width="70%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Debt denominated in other currencies</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>20,281</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>19,720</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 14.984pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Bonds and other securities</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>19,682</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>19,121</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 14.984pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Banks and others</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>598</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>599</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" width="70%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Debt*</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>37,771</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>39,707</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" vAlign=middle width="70%" align=left>

   <P><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Cash, Marketable Securities and Short Term</FONT></B>&nbsp;<BR>&nbsp;&nbsp; <STRONG><FONT color=#007399 size=2 face=Arial>Financial Investments</FONT></STRONG>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" vAlign=middle width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,606</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" vAlign=middle width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,899</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007399 1px solid; TEXT-INDENT: 8.503pt" width="70%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Net Debt**</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>32,165</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007399 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>33,808</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" width="100%" colSpan=3 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Includes the full face value of our hybrid bonds.</FONT></I></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" width="100%" colSpan=3 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>**Does not include the net value of our derivatives position.</FONT></I></TD></TR></TABLE>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 8pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=#007298 face=asap-bold></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Our wireless subscriber base ended June with 73.1 million clients, 0.7% more than a year before. We had net disconnections of 387 thousand in the second quarter, which resulted from cutting-off 575 thousand prepaid clients that were not generating traffic, while adding 188 thousand postpaid subs.&nbsp; Our postpaid base rose 10.4% year-on-year to 11.6 million subscribers. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>On the fixed-line platform we ended the quarter with 21.7 million RGUs including 12.8 million landlines and 8.9 million broadband connections. The growth of broadband accesses, 3.6%, more than compensated for voice-line disconnections, leading to a 0.5% increase in RGUs over the year. Our not being allowed yet to provide triple-play bundles has limited our capacity to expand in the fixed-line platform.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Service revenues declined 10.7% year-on-year to 49.4 billion pesos, mostly because of continued reductions in prepaid revenues as we moved a greater part of our subscribers over to the new unlimited plans that involve unlimited calling (and more data usage) for the duration of the cards. Prepaid cards come in different denominations and their life is a function of the given denomination.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Mobile service revenues were down 16.9% over the prior year, mainly on account of reduced prepaid revenues. On the fixed-line platform service revenues declined 1.5%. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>In the prepaid segment, our customers are strongly increasing voice and data traffic per subscriber &#8211;up to six times more&#8211; and paying less than a year ago. This presents us with an important opportunity to significantly expand the services we provide our customers, leveraging the unmatched quality, coverage and capacity of our network.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Equipment revenues increased 23% reflecting both the depreciation of the currency and the fact that subsidies have been reduced. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>The Mexican mobile market has become very competitive as other operators try to buy market share &#8211;even losing money in the process, after asymmetric subsidies&#8211; with plans that are substantially cheaper than the ones they offer in their home market. They have led the market in the direction of unlimited usage of some services at a low cost.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt">&nbsp;</P>

<TABLE style="WIDTH: 99%" border=0 cellSpacing=0>



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   <TD width="46%"></TD>

   <TD width="9%"></TD>

   <TD width="9%"></TD>

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   <TD width="9%"></TD>

   <TD width="9%"></TD>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=7 align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT></B><B><I><FONT color=#007399 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Mexico </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of MxP</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="46%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007399 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>65,118</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>68,059</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-4.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>129,934</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>134,621</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-3.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>49,425</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>55,343</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-10.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>100,630</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>110,846</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-9.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.464pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41,876</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>44,906</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-6.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>83,536</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>88,021</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27,913</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>33,580</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-16.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>57,213</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>67,265</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-14.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13,712</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11,144</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25,330</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20,589</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.464pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25,115</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24,721</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>49,948</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>49,657</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>21,502</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>28,196</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-23.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>44,687</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>55,967</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-20.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>33.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>14,842</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>21,722</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-31.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>31,576</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>43,065</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-26.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 align=left>

   <P style="TEXT-INDENT: -2pt; MARGIN-LEFT: 10pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM></P></TD></TR></TABLE>

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<TR>

   <TD width="58%"></TD>

   <TD width="14%"></TD>

   <TD width="14%"></TD>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=4 align=left><STRONG><FONT style="COLOR: #007298" color=#4dd9ff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Mexico Operating Data (IFRS)</FONT><FONT style="COLOR: #007298"></FONT></STRONG> <FONT style="COLOR: #007298"></FONT><FONT style="COLOR: #007298"></FONT><FONT style="COLOR: #007298"></FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="58%" align=left><FONT style="COLOR: #007298">&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="58%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>73,108</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>72,633</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.464pt" width="58%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11,619</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10,522</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.464pt" width="58%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>61,489</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>62,111</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="58%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>420</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>262</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>60.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="58%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (MxP)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>127</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>155</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-17.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="58%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.8</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="58%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>21,722</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>21,606</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.464pt" width="58%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Lines</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,826</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13,017</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.464pt" width="58%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Broadband</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,896</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,589</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line and Broadband</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 5pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: 18pt; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"><B><FONT style="FONT-SIZE: 16pt" lang=EN-US color=#007298 face=Asap-Bold>Argentina, Paraguay and Uruguay</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>At the end of June we had nearly 23 million wireless subscribers in Argentina, Paraguay and Uruguay; 6.1% more than last year, having added 91 thousand new clients in the second quarter. We also had 588 thousand fixed RGUs. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Second quarter revenues totaled 9.4 billion Argentinean pesos, exceeding by 40.1% those of the prior year, with wireless service revenues rising 32.5% on the back of data revenues that jumped 53.2%. Data services now account for 56.5% of wireless service revenues. Albeit from a small base, fixed-line revenues climbed 56.7% to reach 667 million Argentinean pesos.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>EBITDA of 3.1 billion Argentinean pesos was up 33.7% year-on-year, with the EBITDA margin declining slightly to 33.3%. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>We formally launched our 4G-LTE services in Paraguay in the second quarter. This will strengthen our position in market, as we will improve the customer experience both in terms of quality and speed. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt">&nbsp;</P>

<TABLE style="WIDTH: 99%" border=0 cellSpacing=0>



<TR>

   <TD width="46%"></TD>

   <TD width="9%"></TD>

   <TD width="9%"></TD>

   <TD width="9%"></TD>

   <TD width="9%"></TD>

   <TD width="9%"></TD>

   <TD width="9%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=7 align=left><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif><STRONG>INCOME STATEMENT (IFRS) </STRONG>- </FONT><B><I><FONT color=#007298 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Argentina, Paraguay &amp; Uruguay </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of ARP</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="46%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 16</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 15</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>9,410</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6,718</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>40.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>18,497</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>13,464</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>37.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,943</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,418</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14,271</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10,524</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,818</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,330</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>39.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17,352</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,683</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,667</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,033</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13,115</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9,747</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,145</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,298</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>65.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,226</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,935</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>44.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>667</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>426</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>56.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,277</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>854</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>49.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3,131</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,342</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>33.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6,396</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4,611</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>38.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>33.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,399</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,866</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>28.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4,983</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3,696</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>34.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 align=left>

   <P style="TEXT-INDENT: -2pt; MARGIN-LEFT: 10pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</P></TD></TR></TABLE>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=4 align=left><STRONG><FONT style="COLOR: #007298" color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Argentina, Paraguay &amp; Uruguay Operating Data (IFRS)</FONT><FONT style="COLOR: #007298"></FONT></STRONG> <FONT style="COLOR: #007298"></FONT><FONT style="COLOR: #007298"></FONT><FONT style="COLOR: #007298"></FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" width="58%" align=left><FONT style="COLOR: #007298">&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="58%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>22,976</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>21,661</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6.1%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="58%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,504</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,716</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.8%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="58%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20,472</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18,946</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.1%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="58%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>98</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>124</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-21.3%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="58%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (ARP)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>98</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>77</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>27.3%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="58%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(0.5)</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="58%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>588</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>581</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.4%</FONT></B>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line, Broadband and PayTV.</FONT></I></TD></TR></TABLE>

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<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: medium none; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt" color=#007298 face=Asap-Bold>Brazil</FONT></B></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular>We ended the second quarter with just over 101 million accesses in Brazil, including 64.3 million wireless subscribers and, on the fixed-line platform, 36.8 million RGUs, slightly more than in 2015.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular>In the postpaid segment we registered a 6.2% expansion of the base year-on-year after net additions of 82 thousand subs in the quarter.&nbsp; In the prepaid segment we continued to disconnect clients that were not generating traffic, with 1.1 million net disconnections in the quarter. On the fixed-line platform broadband connections expanded 7.1% over the year. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular>Second quarter revenues of 9.1 billion reais remained practically unchanged as compared to the year-earlier quarter.&nbsp; On the fixed division, we saw improvements in all revenue lines, 9.6% on broadband, 4.4% on PayTV and 1.6% in fixed voice. On the mobile platform the decline of voice revenues&#8212;part of it coming from the reduction of interconnection rates&#8212;is diminishing, but mobile data services fell on account of new promotions.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular>The period&#8217;s EBITDA of 2.4 billion reais was 4.5% lower than a year before, with the EBITDA margin coming down 1.2 percentage points to 26.2% mainly as a result of increases in maintenance costs, some of them dollar-linked, and past due accounts that have risen on the back of the economic recession afflicting the country. Energy costs have also gone up considerably, almost 45% over the year. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Asap-Regular>We are ready to welcome all the athletes and visitors to the Rio Olympic games. We executed an important project to be the official telecom service provider for the games and all the venues are now connected to Embratel&#8217;s backbone, which has been enhanced in Rio and surrounding areas to provide very high quality services. </FONT></P>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=7 align=left><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif><STRONG>INCOME STATEMENT (IFRS) </STRONG>- </FONT><B><I><FONT color=#007298 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Brazil </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of BrL</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" width="46%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>9,084</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>9,095</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>18,038</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>18,108</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.4%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,751</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,764</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17,453</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17,443</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.1%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,946</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,274</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-10.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,952</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,541</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-9.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,616</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,949</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-11.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,372</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,893</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-8.8%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>332</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>325</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>581</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>647</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-10.1%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,137</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,821</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,086</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11,568</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,379</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,493</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-4.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4,736</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4,821</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-1.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>194</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>515</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-62.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>340</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>901</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-62.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 align=left>

   <P style="TEXT-INDENT: -2pt; MARGIN-LEFT: 10pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</P></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt">&nbsp;</P>

<TABLE style="WIDTH: 99%" border=0 cellSpacing=0>



<TR>

   <TD width="58%"></TD>

   <TD width="14%"></TD>

   <TD width="14%"></TD>

   <TD width="14%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="58%" align=left><STRONG><FONT style="COLOR: #007298" color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Brazil Operating Data (IFRS)</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=left><FONT style="COLOR: #007298">&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=left><FONT style="COLOR: #007298">&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=left><FONT style="COLOR: #007298">&nbsp; </FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="58%" align=left><FONT style="COLOR: #007298">&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="14%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff; TEXT-INDENT: 8.503pt" width="58%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>64,264</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>71,202</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-9.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff; TEXT-INDENT: 21.463pt" width="58%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>16,952</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15,956</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff; TEXT-INDENT: 21.463pt" width="58%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>47,313</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>55,246</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-14.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff; TEXT-INDENT: 8.503pt" width="58%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>103</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>100</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff; TEXT-INDENT: 8.503pt" width="58%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (BrL)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>13</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>14</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-1.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff; TEXT-INDENT: 8.503pt" width="58%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.3</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff; TEXT-INDENT: 8.503pt" width="58%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>36,809</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>36,516</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid; BACKGROUND-COLOR: #ffffff" width="14%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="58%" align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line, Broadband and Television</FONT></I>&nbsp;</TD>

   <TD width="14%" align=left>&nbsp; </TD>

   <TD width="14%" align=left>&nbsp; </TD>

   <TD width="14%" align=left>&nbsp; </TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt">&nbsp;</P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 8pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=#007298 face=Asap-Bold>Chile</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="LETTER-SPACING: 0.1pt; FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Our wireless subscriber base ended June with 6.5 million clients, 7.8% more than a year before. Fixed RGUs increased 4.4% relative to 2015, for the most part on account of a 14.5% expansion of broadband accesses. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="LETTER-SPACING: 0.1pt; FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="LETTER-SPACING: 0.1pt; FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>The quarter&#8217;s revenues, 186 billion Chilean pesos, were down 3.8% year-on-year. The decline in revenues is linked to a 44.1% drop in equipment revenues, since service revenues actually rose 4.3% over the period, with wireless data revenues rising 10.1%. Fixed-line service revenues, that already account for almost 40% of revenues, expanded 4.4% in the period.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="LETTER-SPACING: 0.1pt; FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="LETTER-SPACING: 0.1pt; FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>EBITDA came in at 13.9 billion Chilean pesos, 35.6% more than in the year-earlier quarter. The EBITDA margin was 7.5% in the second quarter, 2.2 points higher than a year before.&nbsp; </FONT></P>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=7 align=left><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif><STRONG>INCOME STATEMENT (IFRS) -</STRONG> </FONT><B><I><FONT color=#007298 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Chile </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of ChPL</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="46%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>185,718</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>192,993</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-3.8%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>366,424</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>370,380</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-1.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>167,702</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>160,762</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>333,724</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>319,220</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>121,934</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>131,056</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>240,152</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>247,970</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>104,005</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>98,945</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>206,865</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>197,069</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18,016</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32,232</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-44.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32,700</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>51,160</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-36.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>69,355</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>67,057</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>137,403</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>132,504</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>13,854</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>10,217</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>35.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>27,127</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>21,108</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>28.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-38,909</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-41,723</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-78,414</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-81,049</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-21.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-21.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-21.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-21.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 align=left>

   <P style="TEXT-INDENT: -2pt; MARGIN-LEFT: 10pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt">&nbsp;</P>

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<TR>

   <TD width="55%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="55%" align=left><STRONG><FONT style="COLOR: #007298" color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Chile Operating Data (IFRS)</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=left><FONT style="COLOR: #007298">&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=left><FONT style="COLOR: #007298">&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=left><FONT style="COLOR: #007298">&nbsp; </FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="55%" align=left><FONT style="COLOR: #007298">&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT style="COLOR: #007298" color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT style="COLOR: #007298">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6,476</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6,005</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,482</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,428</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,993</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,577</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>142</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>159</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-10.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (ChP)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,452</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,626</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-3.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.1</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,283</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,229</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line, Broadband and Television</FONT></I></TD></TR></TABLE>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="LETTER-SPACING: 0.1pt; FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 8pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=#007298 face=Asap-Bold>Colombia</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>We gained 145 thousand postpaid clients in the second quarter&#8212;the highest number in at least ten quarters&#8212;and disconnected 225 thousand prepaid subscribers to close the quarter with 28.3 million clients. Our postpaid base, 6.1 million at the end of June, rose 4.7% from the year-earlier quarter. On the fixed-line front, RGUs were up 8.5% over the year to 6.1 million accesses, with voice lines and broadband accesses exhibiting double digit growth rates. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Second quarter revenues of 2.7 trillion Colombian pesos were down 3.9% year-on-year, with service revenues falling 4.3% and equipment revenues declining 2.0%. Fixed-line revenues increased 13% in the period&#8212;they now represent 34.8% of our service revenues in the country&#8212;on the back of triple play bundles.&nbsp; Wireless service revenues on their part were down 10.5%, as voice prices continued to fall. Wireless data revenues were up 17.2% and already account for nearly half of our wireless service revenues </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>EBITDA of 957 billion Colombian pesos was 11.4% lower than in 2015 following the revenue contraction. The EBITDA margin for the quarter was 35.6%, three points below that of the prior year.&nbsp;&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

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   <TD width="9%"></TD>

   <TD width="9%"></TD>

   <TD width="9%"></TD>

   <TD width="9%"></TD>

   <TD width="9%"></TD>

   <TD width="9%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=7 align=left><STRONG><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><I><FONT color=#007298 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Colombia </FONT></I></STRONG><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Billions of COP</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="46%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,689</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,797</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-3.9%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,400</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,651</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-4.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,137</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,233</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,352</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,585</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,973</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,153</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-8.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,988</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,381</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-9.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,411</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,577</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-10.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,913</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,286</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-11.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>545</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>564</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,033</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,066</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>744</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>658</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,460</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,297</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>957</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,080</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-11.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,936</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,202</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-12.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>38.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>39.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>519</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>688</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-24.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,065</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,433</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-25.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>19.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>19.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 align=left>

   <P style="TEXT-INDENT: -2pt; MARGIN-LEFT: 10pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt">&nbsp;</P>

<TABLE style="WIDTH: 99%" border=0 cellSpacing=0>



<TR>

   <TD width="55%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="55%" align=left><STRONG><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Colombia Operating Data (IFRS)</FONT>&nbsp;</STRONG></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers* (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>28,260</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>29,370</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-3.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,083</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,811</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22,177</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23,559</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>209</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>209</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (COP)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>16,557</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>17,682</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-6.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.1</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs)**</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6,055</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,583</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Due to differences in the policy for accounting active subscribers, the figures in this report are different from those published by the Ministry of Communications of</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>Colombia (MinTIC).</FONT></EM>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>** Fixed Line, Broadband and Television</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

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<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=#007298 face=Asap-Bold>Ecuador</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>At the end of June we had 8.9 million wireless subscribers in Ecuador, having added 199 thousand subscribers in the quarter.&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Our second quarter revenues totaled 364 million dollars. Service revenues declined 11.9% year on year, partly as a result of new commercial promotions but also on account of a new 15% tax levied on telecommunication services that took effect beginning May 1st, as well as an increase in VAT from 12% to 14%, that have increased the cost of telecom services to our clients and has thereby reduced their consumption. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>EBITDA came in at 152 million dollars and was down 12.4% from the prior year, with the EBITDA representing 41.6% of revenues.&nbsp; We made some extraordinary payments of 16 million dollars in the second quarter, all of them tax-related, in absence of which we would have had an expansion of the EBITDA margin.</FONT></P>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" colSpan=7 align=left><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif><STRONG>INCOME STATEMENT (IFRS) </STRONG>- </FONT><B><I><FONT color=#007298 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Ecuador </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Dollars</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>364</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>406</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-10.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>729</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>816</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-10.6%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>312</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>354</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-11.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>631</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>717</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-12.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>352</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>393</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-10.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>704</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>789</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-10.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>300</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>342</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-12.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>606</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>692</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-12.4%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>52</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>51</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>98</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>98</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.2%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>152</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>173</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-12.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>304</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>349</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-12.8%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>42.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>42.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left>&nbsp; </TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>100</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>121</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-17.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>200</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>247</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-18.9%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" align=left>&nbsp; </TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" colSpan=7 align=left>

   <P style="TEXT-INDENT: -2pt; MARGIN-LEFT: 10pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

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   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" width="55%" align=left><STRONG><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Ecuador Operating Data (IFRS)</FONT>&nbsp;</STRONG></TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8,864</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>9,923</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-10.7%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,650</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,433</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.9%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,214</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7,490</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-17.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>213</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>184</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>15.6%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (US$)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>11</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>11</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.2%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(2.3)</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>354</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>368</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-3.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="55%" align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line, Broadband and Television</FONT></I>&nbsp;</TD>

   <TD width="15%" align=left>&nbsp; </TD>

   <TD width="15%" align=left>&nbsp; </TD>

   <TD width="15%" align=left>&nbsp; </TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>

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<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 8pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=#007298 face=Asap-Bold>Peru</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>We added 23 thousand postpaid subscribers and disconnected 139 thousand prepaid clients to finish the second quarter with nearly 12 million subscribers, 3.4% below the prior year. On the fixed platform we had 1.5 million RGUs, up 14.4% year-on-year.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Our second quarter revenues, 1.3 billion soles, were down 2.0% year on year with service revenues declining 2.6% in the period as voice revenues continued their trend downwards.&nbsp; Wireless data revenues were up 7.4% but failed to compensate for the reduction in voice revenues. On the fixed-line segment, we saw service revenues increase 9.8%, from a small base, driven by broadband and PayTV, whose revenues climbed 12.1% and 14.6%, respectively. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>EBITDA dropped 36.2% to 210 million soles, or 16.5% of revenues. The contraction of EBITDA stems from an 80% increase in net interconnection costs, as well as higher subscriber acquisition and retention costs.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>In May we acquired in a public auction 30 MHz of spectrum in the 700MHz frequency. The cost of the spectrum was 306 million dollars. Our spectrum holdings will increase with the acquisition of Olo Peru, in the process of being approved by the relevant authorities.&nbsp; This will enable us to improve our 4G-LTE offerings in terms of the overall experience of our subscribers including more competitive prices. </FONT></P>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=7 align=left><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif><STRONG>INCOME STATEMENT (IFRS) </STRONG>- </FONT><B><I><FONT color=#007298 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Peru </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Soles</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="46%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,270</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,296</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-2.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,542</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,654</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-4.2%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,106</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,136</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,233</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,333</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,059</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,102</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,123</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,270</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-6.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>882</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>935</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,794</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,940</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>163</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>158</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>306</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>316</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.4%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>211</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>194</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>420</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>384</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>210</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>329</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-36.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>465</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>728</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-36.1%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>16.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>38</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>175</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-78.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>128</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>424</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-69.7%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>16.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 align=left>

   <P style="TEXT-INDENT: -2pt; MARGIN-LEFT: 10pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</P></TD></TR></TABLE></DIV>

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   <TD width="15%"></TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=4 align=left><STRONG><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Peru Operating Data (IFRS)</FONT></STRONG></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>11,954</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>12,370</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-3.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,130</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,935</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7,824</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,435</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>166</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>153</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (Sol)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>24</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>25</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-3.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.9</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,475</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,289</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>14.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line, Broadband and Television</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=#007298 face=asap-bold></FONT></B>&nbsp;</P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 8pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=#007298 face=Asap-Bold>Central America</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Our operations in Central America finished June with 15.8 million wireless subscribers, 7.2% more than a year before, with our postpaid base growing almost twice as much as the prepaid one. We added 189 thousand new wireless subscribers in the quarter, primarily from Guatemala and Nicaragua. Fixed RGUs expanded 8.8% compared to a year before and reached 5.2 million. Broadband accesses jumped 18.1% year-on-year, while PayTV units were up 5.7%.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Revenues totaled 564 million dollars and were 5.0% higher than a year before. Service revenues rose 5.1% on the back of data that expanded 15.4% on the mobile platform and 12.7% on the fixed one. PayTV revenues exceeded by 8.3% those of 2015. Voice revenues declined on all platforms, 1.1% on mobile and 7.2% on the fixed. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>EBITDA for the quarter came in at 195 million dollars, 7.0% above the precedent year, and was equivalent to 34.6% of revenues. </FONT></P>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=7 align=left><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif><STRONG>INCOME STATEMENT (IFRS) </STRONG>- </FONT><B><I><FONT color=#007298 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Central America </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Dollars</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="46%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>564</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>537</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,115</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,062</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>524</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>503</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,042</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>999</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>382</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>358</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>756</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>704</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>341</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>324</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>681</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>640</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>39</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>33</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>16.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>72</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>63</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>186</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>182</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>367</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>363</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>195</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>182</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>386</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>357</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>33.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>59</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>29</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>105.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>115</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>60</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>91.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 align=left>

   <P style="TEXT-INDENT: -2pt; MARGIN-LEFT: 10pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt">&nbsp;</P>

<TABLE style="WIDTH: 99%" border=0 cellSpacing=0>



<TR>

   <TD width="55%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=4 align=left><STRONG><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Central America Operating Data (IFRS)</FONT></STRONG></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>15,773</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>14,720</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,305</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,064</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13,468</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,657</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>167</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>192</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-13.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (US$)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-2.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.5</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,183</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4,763</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line, Broadband and Television</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 8pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=#007298 face=Asap-Bold>Caribbean</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Our operations in the islands ended the quarter with 5.4 million wireless subscribers, up 3.5% with the postpaid base rising 8.6%. On the fixed division, we registered an increase of 7.0% in the total number of RGUs with PayTV units growing 18.5% and broadband accesses 9.6%. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>The quarter&#8217;s revenues were up 6.8% mostly on account of higher equipment revenues. Service revenues declined slightly, 1.6%, as voice revenues continued to go down on both the mobile and fixed-line platforms.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>EBITDA of 157 million dollars was 2.5% lower than a year before. The EBITDA margin stood at 31.6% of revenues. </FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

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   <TD width="46%"></TD>

   <TD width="9%"></TD>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=7 align=left><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif><STRONG>INCOME STATEMENT (IFRS) -</STRONG> </FONT><B><I><FONT color=#007298 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Caribbean </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Dollars</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="46%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>498</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>466</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6.8%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>966</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>938</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>432</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>444</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>865</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>893</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>285</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>254</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>542</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>514</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>224</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>237</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>450</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>480</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-6.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>62</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>238.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>93</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>160.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>213</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>212</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>425</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>423</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>157</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>162</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-2.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>290</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>303</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-4.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>88</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>79</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>11.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>140</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>135</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>16.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 align=left>

   <P style="TEXT-INDENT: -2pt; MARGIN-LEFT: 10pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt">&nbsp;</P>

<TABLE style="WIDTH: 99%" border=0 cellSpacing=0>



<TR>

   <TD width="55%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=4 align=left><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif><STRONG>Caribbean Operating Data (IFRS)</STRONG></FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,373</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,193</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,738</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,600</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,634</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,593</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>282</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>303</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-6.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (US$)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>14</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>15</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-8.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.4</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,601</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,431</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line, Broadband and Television</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT size=2></FONT>&nbsp;</P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 8pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=#007298 face=Asap-Bold>United States</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>In the second quarter we added 110 thousand new clients in the U.S.&#8212;with June being the strongest month in the past two years&#8212;to finish the quarter with 25.3 million subscribers.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>The quarter&#8217;s revenues stood at 1.8 billion dollars and were 5.0% greater than those of a year before, with equipment revenues rising 95.1% and service revenues declining 1.1%. The surge in subscriber growth had a significant impact on EBITDA, which at 77 million dollars was down 61% on subscriber acquisition costs.</FONT></P>

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<TR>

   <TD width="46%"></TD>

   <TD width="9%"></TD>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=7 align=left><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif><STRONG>INCOME STATEMENT (IFRS) </STRONG>- </FONT><B><I><FONT color=#007298 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>United States </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Dollars</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="46%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,775</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,691</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3,530</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3,506</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,563</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,581</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,129</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,154</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>212</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>109</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>95.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>402</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>352</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>77</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>197</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-61.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>239</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>411</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-41.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>66</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>185</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-64.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>216</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>388</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-44.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR></TABLE></DIV>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=4 align=left><STRONG><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>United States Operating Data (IFRS)</FONT></STRONG></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>25,321</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>25,713</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-1.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>496</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>522</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-4.9%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (US$)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>21</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>21</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.2</FONT></B>&nbsp;</TD></TR></TABLE>

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<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 8pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=#007298 face=Asap-Bold>Telekom Austria Group</FONT></B></P></DIV>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Altogether, our operations in Europe ended June with 20.5 million wireless subscribers, 2.4% higher than in 2015 reflecting the acquisitions in Eastern Europe, in absence of which our subscriber base would have been down 0.4%. Our postpaid base was up 4.2% relative to last year&#8217;s&#8212;2.1% organically&#8212;after net additions of 37 thousand in the quarter, most of which came from Austria. We also had 5.6 million fixed RGUs, 24.1% more than in the prior year, 2.7% adjusting for acquisitions.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>Total revenues topped one billion euros in the second quarter, reflecting a slight decline of 0.2% year-on-year in a proforma basis. Total reported revenues in Austria rose by 0.4% on the back of higher equipment revenues and other operating income which compensated for the losses in service revenues that derive from the elimination of roaming, beginning April 30th. In Eastern Europe, we saw pressure in revenues stemming from Belarus (mostly FX linked), Macedonia and Slovenia.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>The group&#8217;s EBITDA rose 0.7% to reach 329 million euros in the second quarter due to cost controls and important reductions in restructuring expenses. The EBITDA margin for the period stood at 31.9% of revenues.</FONT></P>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=7 align=left><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif><STRONG>INCOME STATEMENT (IFRS) </STRONG>- </FONT><B><I><FONT color=#007298 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Telekom Austria Group- Pro-forma </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Euros</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="46%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" noWrap align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,031</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,032</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,040</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,065</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-1.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>929</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>951</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,843</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,905</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>647</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>649</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,276</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,298</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>532</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>558</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,052</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,090</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 30.103pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>94</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>75</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>184</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>149</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.3%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>384</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>384</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>764</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>767</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>329</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>327</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>664</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>670</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>114</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>118</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-2.9%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>232</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>257</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-9.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="46%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 align=left>

   <P style="TEXT-INDENT: -2pt; MARGIN-LEFT: 10pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</P></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular></FONT>&nbsp;</P>

<TABLE style="WIDTH: 99%" border=0 cellSpacing=0>



<TR>

   <TD width="55%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="55%" align=left><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif><STRONG>Telekom Austria Group Operating Data (IFRS) Pro-forma</STRONG> </FONT><B><SUP><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(1)</FONT></SUP></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>20,482</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>20,573</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14,845</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14,539</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,637</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,034</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-6.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>309</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>306</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (Euros)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>9</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>9</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-4.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.8%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.9%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(0.1)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,609</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,462</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.943pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>(1) 2015 figures adjusted for acquisitions in Bulgaria, Croacia and Macedonia. * Fixed Line, Broadband and Television.</FONT></I></TD></TR></TABLE>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Asap-Regular>We will host our conference call to discuss 2Q16 financial and operating results on August 2nd at 9:00am Mexico City time. To access the call please log on to www.americamovil.com/investors.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US color=#007298 face=asap-bold>Glossary of Terms</FONT></B></P>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average Revenue per User. The ratio of service revenues in a given period </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>to the average number of wireless subscribers in the same period. It is pre</FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>sented on a monthly basis.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPM</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average Revenue per Minute. The ratio of service revenues to airtime traffic.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Capex</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Capital Expenditure. Accrued capital expenditures related to the expansion </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>of the telecommunications infrastructure.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Disconnection Rate. The ratio of wireless subscribers disconnected during a </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>given period to the number of wireless subscribers at the beginning of that </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>period.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Earnings Before Interest and Taxes, also known as Operating Profit.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD rowSpan=2 align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>The ratio of EBIT to total operating revenue.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>margin</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>&nbsp;</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Earnings Before Interest, Taxes, Depreciation, and Amortization.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD rowSpan=2 align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>The ratio of EBITDA to total operating revenue.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>margin</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD></TR></TABLE>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=#007298 face=Asap-Regular></FONT></B>&nbsp;</P>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EPS</FONT></B>&nbsp;</TD>

   <TD rowSpan=3 align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Earnings per share. Total earnings in Mexican pesos divided by total shares.</FONT>&nbsp;</TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(Mexican</FONT></B>&nbsp;</TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>pesos)</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD></TR>

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   <TD colSpan=2>&nbsp; </TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Earnings</FONT></B>&nbsp;</TD>

   <TD rowSpan=3 align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total earnings in U.S. dollars divided by total ADRs equivalent.</FONT>&nbsp;</TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>per ADR</FONT></B>&nbsp;</TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(US$)</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD></TR>

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   <TD colSpan=2>&nbsp; </TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Equity</FONT></B>&nbsp;</TD>

   <TD rowSpan=2 align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Subscribers weighted by the economic interest held in each company.</FONT>&nbsp;</TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>subscribers</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD></TR>

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   <TD colSpan=2>&nbsp; </TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Gross</FONT></B>&nbsp;</TD>

   <TD rowSpan=2 align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total number of subscribers acquired during the period.</FONT>&nbsp;</TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>additions</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD></TR>

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   <TD colSpan=2>&nbsp; </TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Licensed</FONT></B>&nbsp;</TD>

   <TD rowSpan=2 align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Licensed population. Population covered by the licenses that each of the </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>companies manage.</FONT>&nbsp;</TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>pops</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD></TR>

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   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>LTE</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Long-term evolution is a 4th generation standard for wireless communica</FONT><FONT size=2 face=Arial>tion of high-speed data for mobile phones and data terminals.</FONT></TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Market</FONT></B>&nbsp;</TD>

   <TD rowSpan=2 align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>A company&#8217;s subscriber base divided by the total number of subscribers in </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>that country.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>share</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Minutes of Use per subscriber. The ratio of wireless traffic in a given period </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>to the average number of wireless subscribers in that same period. It is pre</FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>sented on a monthly basis.</FONT>&nbsp;</TD></TR></TABLE><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=Asap-Regular></FONT></DIV>

<TABLE style="WIDTH: 99%" border=0 cellSpacing=0>



<TR>

   <TD width="14%">&nbsp;</TD>

   <TD width="85%">&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Net</FONT></B>&nbsp;</TD>

   <TD rowSpan=3 align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>The difference in the subscriber base from one period to another. It is the </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>different between gross additions and disconnections.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>subscriber</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>additions</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Net debt</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total short and long term debt minus cash and marketable securities.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Net debt</FONT></B>&nbsp;</TD>

   <TD rowSpan=2 align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>The ratio of total short and long term debt minus cash and securities to trail</FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>ing 12-month income before interest, taxes, depreciation and amortization.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>/ EBITDA</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Prepaid</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Subscriber that may purchase airtime to recharge a cellular phone. The cli</FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>ent does not hold a contract with the company for voice and data services.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Postpaid</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Subscriber that has a contract for the use of airtime. The client has no need </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>of activating airtime, it is done so immediately.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>SMS</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Short Message Service.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>SAC</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Subscriber Acquisition Cost. The sum of handset subsidies, marketing ex</FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>penses and commissions to distributors for handset activation. Handset sub</FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>sidy is calculated as the difference between equipment cost and equipment </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>revenues.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless</FONT></B>&nbsp;</TD>

   <TD rowSpan=2 align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>The ratio of total wireless subscribers in any given country divided by the </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>total population in that country.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>penetration</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD></TR></TABLE>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

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   <TD width="34%"></TD>

   <TD width="11%"></TD>

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   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=7 align=left><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif><STRONG>Exchange Rates Local Currency Units per USD</STRONG></FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Mexico</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.91</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15.57</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.91</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15.57</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.04</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15.31</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.04</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15.12</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>19.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Brazil</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.21</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.10</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.21</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.10</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.51</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.07</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.71</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.97</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Argentina</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15.04</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.09</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>65.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15.04</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.09</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>65.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14.22</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.95</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>58.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14.33</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.82</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>62.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Chile</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>661</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>639</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>661</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>639</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>677</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>618</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>689</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>621</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Colombia</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,916</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,585</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,916</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,585</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,994</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,500</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>19.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,124</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,483</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Guatemala</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.64</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.62</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.64</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.62</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.68</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.68</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.68</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.66</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Honduras</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.95</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.06</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.95</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.06</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.80</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.09</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.76</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21.99</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Nicaragua</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.61</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.25</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.61</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.25</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.44</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.08</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.27</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.92</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Costa Rica</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>554</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>541</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>554</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>541</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>545</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>540</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>544</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>541</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Peru</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.29</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.18</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.29</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.18</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.32</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.14</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.39</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.10</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Paraguay</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,589</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,184</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,589</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,184</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,614</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,051</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,705</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,902</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>16.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Uruguay</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.62</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.07</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.62</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.07</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.27</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.59</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.41</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25.69</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Dominican Republic</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>45.97</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>44.98</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>45.97</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>44.98</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>45.90</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>44.88</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>45.82</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>44.83</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Austria &amp; CEE</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.90</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.90</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.90</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.90</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.89</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.90</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.90</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.90</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.0%</FONT>&nbsp;</TD></TR></TABLE>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Calibri,sans-serif></FONT>&nbsp;</P>

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<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_21"></A>

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<a name="_bclHeader21"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV>

<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>

<TABLE style="WIDTH: 99%" cellSpacing=0 border=0>



<TR>

   <TD width="34%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="100%" colSpan=7 align=left><FONT color=#007298 size=2 face=Asap-Regular,Arial,Helvetica,sans-serif><STRONG>Exchange Rates Local Currency Units per MxP</STRONG></FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>2Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Jun 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT color=#007298 size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>USA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.06</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-17.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.06</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-17.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.06</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.07</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-15.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.06</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.07</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-16.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Brazil</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.20</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-14.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.20</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-14.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.19</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.20</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.21</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.20</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Argentina</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.80</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.58</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.80</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.58</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.79</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.58</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.79</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.58</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Chile</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35.0</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41.0</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-14.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35.0</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41.0</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-14.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>37.5</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>40.4</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>38.2</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41.1</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Colombia</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>154</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>166</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>154</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>166</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>166</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>163</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>173</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>164</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Guatemala</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.40</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.49</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-17.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.40</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.49</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-17.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.43</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.50</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-15.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.43</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.51</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-16.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Honduras</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.21</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.42</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-14.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.21</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.42</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-14.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.26</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.44</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-12.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.26</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.45</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-13.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Nicaragua</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.51</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.75</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-13.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.51</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.75</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-13.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.58</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.77</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-10.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.57</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.78</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-12.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Costa Rica</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29.3</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.7</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-15.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29.3</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.7</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-15.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.2</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35.2</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-14.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.1</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35.8</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-15.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Peru</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.20</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-14.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.20</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-14.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.18</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.21</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-10.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.19</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.21</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-8.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Paraguay</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>323</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>333</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-11.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>296</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>333</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-11.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>321</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>330</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>316</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>324</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Uruguay</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.62</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.74</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-6.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.62</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.74</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-6.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.73</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.74</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.74</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.70</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=1 face=Asap-Bold,Arial,Helvetica,sans-serif>Dominican Republic</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.505pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.43</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.89</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-15.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.43</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.89</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-15.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #007298 1px solid; TEXT-INDENT: 8.505pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.54</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.93</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-13.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.54</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.96</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #007298 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-14.3%</FONT>&nbsp;</TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify"><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>For further information please visit our website at: </FONT><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>www.americamovil.com</FONT></B></P>

<P style="TEXT-ALIGN: justify"><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Am&#233;rica M&#243;vil, S.A.B. de C.V. (the &#8220;Company&#8221;) quarterly reports and all other written materials may from time to time contain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, or achievements, and may contain words like &#8220;believe&#8221;, &#8220;anticipate&#8221;, &#8220;expect&#8221;, &#8220;envisages&#8221;, &#8220;will likely result&#8221;, or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this report. In no event, neither the Company nor any of its subsidiaries, affiliates, directors, officers, agents or employees shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this document or for any consequential, special or similar damages.</FONT></P></DIV>

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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>SIGNATURE </B></FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV style="TEXT-INDENT: 0%" align=left><FONT color=#000000 size=3 face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </FONT></DIV>

<DIV style="TEXT-INDENT: 0%" align=left><FONT color=#000000 size=3 face="Times New Roman">Date:&nbsp;August 1, 2016</FONT></DIV>

<DIV style="TEXT-INDENT: 4%">&nbsp;</DIV>

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<DIV align=center>

<TABLE style="WIDTH: 50%" cellSpacing=0 cellPadding=0 border=0>



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   <TD vAlign=top width="43%" colSpan=3>

   <DIV style="MARGIN-LEFT: 36%; TEXT-INDENT: -2%"><FONT color=#000000 size=2 face="Times New Roman">AM&#201;RICA M&#211;VIL, S.A.B. DE C.V. </FONT></DIV></TD></TR>

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   <TD height=16 width="3%"></TD>

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   <DIV style="MARGIN-LEFT: 2%; TEXT-INDENT: -2%"></DIV></TD>

   <TD vAlign=top width="3%"><FONT color=#000000 size=2 face="Times New Roman">By:</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT></TD>

   <TD vAlign=bottom width="37%" align=center>

   <DIV align=center><FONT color=#000000 size=2 face="Times New Roman">/<SMALL>S</SMALL>/&nbsp;Carlos Jos&#233; Garc&#237;a Moreno Elizondo</FONT>

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   <TD width="3%"><FONT size=1>&nbsp;</FONT></TD>

   <TD vAlign=top width="3%"><FONT size=2 face="Times New Roman">Name:<BR>Title: </FONT></TD>

   <TD vAlign=bottom width="37%" align=center>

   <DIV align=left><STRONG><FONT color=#000000 size=2 face="Times New Roman">Carlos Jos&#233; Garc&#237;a Moreno Elizondo</FONT></STRONG></DIV>

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Attorney-in-fact </B></FONT></DIV></TD></TR></TABLE></DIV>

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