<SEC-DOCUMENT>0001193125-16-753794.txt : 20161031
<SEC-HEADER>0001193125-16-753794.hdr.sgml : 20161031
<ACCEPTANCE-DATETIME>20161031172855
ACCESSION NUMBER:		0001193125-16-753794
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20161031
FILED AS OF DATE:		20161031
DATE AS OF CHANGE:		20161031

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:		161962647

	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>d279524d6k.htm
<DESCRIPTION>6-K
<TEXT>
<HTML><HEAD>
<TITLE>6-K</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">6-K</FONT> </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>REPORT OF A
FOREIGN PRIVATE ISSUER </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>PURSUANT TO RULE <FONT STYLE="white-space:nowrap">13a-16</FONT> OR
<FONT STYLE="white-space:nowrap">15d-16</FONT> </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>For the month of October 2016 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Commission File Number: <FONT STYLE="white-space:nowrap">1-16269</FONT> </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>AM&Eacute;RICA M&Oacute;VIL, S.A.B. DE C.V. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact Name of the Registrant as Specified in the Charter) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>America Mobile </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Translation of Registrant&#146;s Name into English) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Lago Zurich 245, </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Plaza
Carso / Edificio Telcel, </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Colonia Ampliaci&oacute;n Granada, </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Delegaci&oacute;n Miguel Hidalgo, </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>11529, Mexico City, </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>M&eacute;xico </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Address of
Principal Executive Office) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant files or will file annual reports under cover of Form <FONT STYLE="white-space:nowrap">20-F</FONT> or Form <FONT
STYLE="white-space:nowrap">40-F.</FONT></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Form
<FONT STYLE="white-space:nowrap">20-F&nbsp;&nbsp;&#9746;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form</FONT> <FONT STYLE="white-space:nowrap">40-F&nbsp;&nbsp;&#9744;</FONT> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark if the registrant is submitting the Form <FONT STYLE="white-space:nowrap">6-K</FONT> in paper as permitted by Regulation <FONT
STYLE="white-space:nowrap">S-T</FONT> Rule 101(b)(1):&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark if the registrant is submitting the Form <FONT
STYLE="white-space:nowrap">6-K</FONT> in paper as permitted by Regulation <FONT STYLE="white-space:nowrap">S-T</FONT> Rule 101(b)(7):&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>EXHIBITS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


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<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Notice of ADS Scrip Dividend &#150; Series A Share ADSs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Exhibit&nbsp;99.1</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Notice of ADS Scrip Dividend &#150; Series L Share ADSs</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Exhibit&nbsp;99.2</TD></TR>
</TABLE>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">&nbsp;&nbsp;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. </P> <P STYLE="margin-top:8pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: October 31, 2016 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><B>AM&Eacute;RICA&nbsp;M&Oacute;VIL,&nbsp;S.A.B.&nbsp;DE&nbsp;C.V.</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">By:</P> <P STYLE="font-size:3pt; margin-top:0pt; margin-bottom:1pt">&nbsp;</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Alejandro Cant&uacute; Jim&eacute;nez</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
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<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Alejandro Cant&uacute; Jim&eacute;nez</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Attorney-in-fact</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d279524dex991.htm
<DESCRIPTION>NOTICE OF ADS SCRIP DIVIDEND - SERIES A SHARE ADSS
<TEXT>
<HTML><HEAD>
<TITLE>Notice of ADS Scrip Dividend  - Series A Share ADSs</TITLE>
</HEAD>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="right"><B>October 31, 2016 </B></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>AM&Eacute;RICA M&Oacute;VIL, S.A.B. DE C.V. </B></P>
<P STYLE="margin-top:14pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>NOTICE OF ADS SCRIP DIVIDEND </B></P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">TO ALL
HOLDERS AND BENEFICIAL OWNERS OF </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">AM&Eacute;RICA M&Oacute;VIL, S.A.B. DE C.V. AMERICAN DEPOSITARY SHARES (&#147;<U>ADSs</U>&#148;) </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" ALIGN="center">


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<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt">DEPOSITARY:</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">CITIBANK, N.A. (&#147;<U>Depositary</U>&#148;).</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">COMPANY:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">AM&Eacute;RICA M&Oacute;VIL, S.A.B. DE C.V., a company organized under the laws of the United Mexican States (&#147;<U>Company</U>&#148; or
&#147;<U>Am&eacute;rica M&oacute;vil</U>&#148;).</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">DEPOSITED&nbsp;SECURITIES:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">Series A shares of the Company (&#147;<U>Series A</U> <U>Shares</U>&#148;).</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">DEPOSIT AGREEMENT:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">Amended and Restated Deposit Agreement, dated as of September 13, 2016, by and among the Depositary, the Company and the Holders and
Beneficial Owners from time to time of ADSs issued thereunder (&#147;<U>Deposit Agreement</U>&#148;).</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">CUSIP NO:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">02364W204.</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">ADS TICKER:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">AMOV.</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">RATIO&nbsp;OF&nbsp;SERIES&nbsp;A&nbsp;SHARES&nbsp;TO ADS:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">20 Series A Shares to 1 ADS (the &#147;<U>ADS Ratio</U>&#148;).</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">ADS RECORD DATE:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">October 31, 2016 (COB NYC) (&#147;<U>ADS Record Date</U>&#148;).</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">SHARE RECORD DATE:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">November 8, 2016 (COB Mexico City) (&#147;<U>Share Record Date</U>&#148;).</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">ADS SCRIP ELECTION DEADLINE:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">3:00 PM (New York City time) on November 10, 2016 (&#147;<U>ADS Scrip Election Deadline</U>&#148;).</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">ADS BOOKS CLOSURE TO
ADS</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">ISSUANCES AND</P> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:12pt; font-family:Times New Roman">CANCELLATIONS:</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">October 31, 2016 (COB NYC) to November 8,&nbsp;2016 (COB NYC).</TD></TR>
</TABLE> <P STYLE="font-size:14pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
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<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>I.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt"><B>&nbsp;&nbsp;&nbsp;OVERVIEW </B></P></TD></TR></TABLE>
<P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The Company has informed the Depositary that the shareholders of the Company approved, at the general and extraordinary
shareholders&#146; meeting held on October&nbsp;6, 2016, a Scrip Dividend of Ps. 0.14 per Series A Share (the &#147;<U>Dividend Amount</U>&#148;), payable in cash or in Series L Shares in accordance with the terms described below (the &#147;<U>Scrip
Dividend</U>&#148;). </P> <P STYLE="margin-top:14pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The Company has informed the Depositary that under the terms of the Scrip Dividend, holders of
Series&nbsp;A Shares as of the Share Record Date will be entitled to elect to receive either (i)&nbsp;cash or (ii)&nbsp;Series L Shares or (iii)&nbsp;a combination thereof.&nbsp;The reference price used to calculate the number of Series L Shares to
be received by any given shareholder that elects to receive Series L Shares will be calculated based on the market price per Series L Share at the opening of trading on the Mexican Stock Exchange on the payment date, as described in the
Informational Notice (as defined below). </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The terms of the Scrip Dividend payable to holders of Shares are more fully
described in the Notice of Dividend, dated October 31, 2016, a copy of which is available from the Company&#146;s website at http://www.americamovil.com and the SEC website at www.sec.gov (the &#147;<U>Informational Notice</U>&#148;).&nbsp;For more
information about the Company, the Series A Shares and the Series L Shares, please consult the Company&#146;s 2015 Annual Report on Form 20-F (&#147;<U>20-F</U>&#148;) filed with the SEC on April 26, 2016, and the Company&#146;s Reports on Form 6-K
(&#147;<U>6-K</U>&#148;) filed with the SEC from time to time.&nbsp;For more information about the American Depositary Shares representing Series A Shares and Series L Shares, please consult the Registration Statements on Form F-6
(&#147;<U>F-6</U>&#148;) filed with the SEC on September 8, 2016.&nbsp;The 20-F, the 6-Ks and the F-6s are available on the SEC website at www.sec.gov.</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The Company has requested that the Depositary make the Scrip Dividend available to holders of ADSs as of the ADS Record
Date.&nbsp;In accordance with the Deposit Agreement, the Depositary, in consultation with the Company, has determined that it is not reasonably practicable to provide holders of ADSs with the option to receive the Scrip Dividend in the form of a
combination of cash and shares. Consequently, holders of ADSs as of the ADS Record Date will be entitled to receive either (i) cash or (ii) Series L ADSs, but not a combination thereof, upon the terms set forth herein (the &#147;<U>ADS Scrip
Dividend</U>&#148;).</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B><I>Calculation of ADS Scrip Dividend </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The Depositary has agreed to make available to ADS holders as of the ADS Record Date the option to elect to receive the ADS
Scrip Dividend in the form of Series L ADSs representing Series L Shares currently held by the Company as treasury stock.&nbsp;ADS holders may elect to receive the ADS Scrip Dividend in whole, but not in part, in the form of Series L ADSs.&nbsp;If
you do not elect to receive the ADS Scrip Dividend in the form of Series L ADSs, you will receive from the Company the U.S. dollar equivalent of Ps.2.80 (two Mexican pesos and eighty Mexican cents) per ADS held as of the ADS Record Date (after
conversion from Mexican pesos into US dollars by the Depositary upon the terms contemplated in the Deposit Agreement).&nbsp;The number of Series L ADSs to be received by an ADS holder that timely and validly elects to receive Series L ADSs will be
determined by dividing (x) the product of (i) the number of Series A shares represented by the ADSs held by the ADS holder as of the ADS Record Date and (ii) the Dividend Amount, by (y) the &#147;Reference Price&#148; (which is the market price per
Series L Share at the opening of trading on the Mexican Stock Exchange on the payment date, as described in the Informational Notice), and adjusting the resulting amount to reflect the ADS Ratio (i.e., dividing the resulting number of Series L
Shares by twenty (20)).</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B><I>Fractions of Series L ADSs </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Holders will not receive fractions of Series L ADSs in connection with the ADS Scrip Dividend.&nbsp;In the event that the
application of the formula set forth in the Informational Notice (as adjusted to reflect the ADS Ratio) results in a number of Series L ADSs other than a whole number, the number of Series L ADSs to be received by any Holder will be rounded down to
the nearest whole number. In accordance with the Deposit Agreement, the Depositary will (i) aggregate the remaining fractions of a Series L ADS, (ii) arrange for the sale of the aggregated fractions on the New York Stock Exchange promptly after the
Company distributes the Series L Shares for the Scrip Dividend, and (iii) distribute to the applicable ADS holders their allocable portion of the net cash proceeds from the sale of the fractional entitlements to Series L ADSs (net of applicable
fees, taxes and expenses).</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B><I>Process and Timeline </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">ADSs holders as of the ADS Record Date who wish to receive payment of the ADS Scrip Dividend in the form of Series L ADSs will
need to submit their ADS Scrip Dividend payment option election (the &#147;<U>ADS Scrip Election</U>&#148;) prior to the ADS Scrip Election Deadline by returning a duly completed and signed ADS Scrip Dividend Election Form (the &#147;<U>ADS Scrip
Dividend Election Form</U>&#148;), a copy of which is enclosed with this Notice of ADS Scrip Dividend, so that it is received by the Depositary at the designated address prior to the ADS Scrip Election Deadline. ADS holders who wish to receive
payment of the ADS Scrip Dividend in cash do not need to take any action.</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>Partial ADS Scrip Elections are not
permitted.&nbsp;Any ADS holder who elects to receive the ADS Scrip Dividend in the form of Series L ADSs will receive Series L ADSs with respect to all of such holder&#146;s ADSs.&nbsp;Any ADS holder who has validly elected to receive the ADS Scrip
Dividend in the form of Series L ADSs and who wishes to change such election, should send a signed written letter revoking the earlier election to the Depositary at the applicable address specified in the ADS Scrip Election Form prior to the ADS
Scrip Election Deadline.&nbsp;Partial revocations of earlier ADS Scrip Elections are not permitted.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Beneficial owners of ADSs as of the ADS Record Date who hold their ADSs through a bank, broker or other securities
intermediary must contact their bank, broker or other securities intermediary through which they hold their ADSs in order to make their ADS Scrip Election consistent with that entity&#146;s procedures.&nbsp;The deadline for contacting your
securities intermediary will be governed by the standing arrangements between you and your securities intermediary.&nbsp;If you wish to elect to receive payment of the ADS Scrip Dividend in the form of Series L ADSs, please take action promptly to
provide instructions to your securities intermediary to allow sufficient time for your securities intermediary to gather your instructions and to submit an election on your behalf to the Depositary, prior to applicable deadlines.&nbsp;Holders of
ADSs for which a valid election is not received in a timely manner will receive the ADS Scrip Dividend in the form of cash. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The Depositary expects to distribute the ADS Scrip Dividend to ADS holders in cash or in Series L ADSs, as applicable,
promptly after receipt of the applicable funds and Series L Shares from the Company.</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">3 </P>


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<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>II.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt"><B>&nbsp;&nbsp;&nbsp;TAX CONSIDERATIONS </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B><I>U.S. Taxation </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The following is a summary of certain U.S. federal income tax consequences of the receipt of the dividend to a holder of ADSs
that is a citizen or resident of the United States of America, a corporation (or other entity taxable as a corporation) organized under the laws of the United States of America or any state thereof, or otherwise subject to U.S. federal income
taxation on a net income basis with respect to the ADSs (a &#147;U.S. holder&#148;).&nbsp;This summary is subject to the limitations described in the Company&#146;s Form 20-F under the heading &#147;Taxation of Shares and ADSs&#151;U.S. Federal
Income Tax Considerations&#148; and is based on the U.S. Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), Treasury regulations promulgated thereunder, administrative rulings and judicial decisions, each as of the date hereof, and
does not purport to be a comprehensive description of all of the tax consequences of receiving the second installment of the dividend. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>This summary is not exhaustive, and does not describe all of the tax considerations that may be relevant to a U.S.
holder&#146;s decision to elect to receive cash or additional Series L ADSs.&nbsp;The consequences to any particular U.S. holder will depend on the personal circumstances of such holder.&nbsp;Each U.S. holder is advised to consult its own tax
advisors regarding the tax consequences of the dividend to it, including the consequences under U.S. federal, state, local or foreign tax laws. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Very generally, regardless of a U.S. holder&#146;s election to receive cash or additional Series L ADSs, a U.S. holder that
receives the dividend will be treated as having received a taxable distribution with the consequences described in the Company&#146;s Form 20-F under &#147;Taxation of Shares and ADSs&#151;U.S. Federal Income Tax Considerations&#151;Taxation of
Distributions.&#148;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">In the case of a U.S. holder that receives the dividend in Mexican pesos in whole or in part
(including any paid in lieu of fractional shares), the U.S. holder generally will recognize dividend income as to such portion equal to the gross amount of Mexican pesos the Company pays.&nbsp;In general, the gross amount of any dividend will be
includible in the gross income of a U.S. holder as ordinary income on the day on which it is received by the U.S. holder, in the case of shares, or by the Depositary, in the case of ADSs. The dividend will be paid in pesos and will be includible in
the income of a U.S. holder in a U.S. dollar amount calculated by reference to the exchange rate in effect on the date that it is received by the U.S. holder, in the case of shares, or by the Depositary, in the case of ADSs (regardless of whether
such pesos are in fact converted into U.S. dollars on such date).&nbsp;If the dividend is converted into U.S. dollars on the date of such receipt, a U.S. holder generally should not be required to recognize foreign currency gain or loss in respect
of the dividend.&nbsp;U.S. holders should consult their own tax advisors regarding the treatment of foreign currency gain or loss, if any, on any pesos received by a U.S. holder or depositary that are converted into U.S. dollars on a date subsequent
to receipt.</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">In the case of a U.S. holder that makes a valid election to receive the dividend in additional Series L ADSs,
the U.S. holder will recognize dividend income in an amount equal to the U.S. dollar value of the rights to receive additional Series L ADSs as of the payment date.&nbsp;Such a U.S. holder&#146;s tax basis in the additional Series L ADSs received
will equal such U.S. dollar value, and the U.S. holder&#146;s holding period in the additional Series L ADSs will begin on the day after the payment date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">A U.S. holder whose fractional entitlement to a Series L ADSs is sold by the
Depositary in the open market and who receives cash in lieu of a fractional entitlement to a Series L ADS should realize short-term capital gain or loss in an amount equal to the difference between the U.S. holder&#146;s tax basis in the fractional
entitlement to a Series L ADS and the amount realized on the disposition (each as determined in U.S. dollars). The U.S. holder&#146;s tax basis in the fractional entitlement to a Series L ADS should be equal to the fair market value of the Series L
ADS (in U.S. dollars) as of the date of distribution (that is, the amount includible in income as ordinary dividend income as described above). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Subject to applicable limitations, certain non-corporate U.S. holders may be taxable on the amount of the dividend at a rate
that is lower than the rate applicable to ordinary income.&nbsp;U.S. holders should consult the discussion in the Company&#146;s Form 20-F under &#147;Taxation of Shares and ADSs&#151;U.S. Federal Income Tax Considerations&#151;Taxation of
Distributions,&#148; as well as their own tax advisors regarding the availability of the reduced tax rate on the dividend in their particular circumstances. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The dividend will not be eligible for the dividends-received deduction allowed to corporations under the Code.&nbsp;In
general, a U.S. holder that receives additional Series L ADSs will be treated as owning the Series&nbsp;L Shares represented by those Series L ADSs for U.S. federal income tax purposes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The dividend may be subject to information reporting and backup withholding unless the holder establishes that it is an exempt
recipient if required, or provides an accurate taxpayer identification number on a properly completed Internal Revenue Service Form W-9 and certifies that no loss of exemption from backup withholding has occurred.&nbsp;The amount of any backup
withholding from a payment to a holder will be allowed as a credit against the U.S. holder&#146;s U.S. federal income tax liability and may entitle such holder to a refund, provided that certain required information is timely furnished to the
Internal Revenue Service. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B><I>Mexican Taxation </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The following summary contains a description of certain Mexican income tax consequences of the distribution described in this
notice, but it does not purport to be a comprehensive description of all of the tax considerations that may be relevant to the decision to receive the dividend in cash or Series L ADSs. This discussion does not constitute, and should not be
considered as, legal or tax advice to the Company&#146;s ADS holders. The discussion is for general information purposes only and is based upon the tax laws of Mexico as in effect on the date of this notice.&nbsp;For additional information on the
Mexican income tax consequences of the Scrip Dividend, please consult the Informational Notice. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><I>The tax
consequences discussed below may not be applicable to all of the Company&#146;s ADS holders. Accordingly, the Company encourages ADS holders to consult their own tax advisors to better understand the tax consequences of their participation in the
payment process described herein. The Company disclaims any liability for any tax consequence suffered or obligation incurred by any ADS holder who elects to participate in such distribution. </I></B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><I>For the purposes of Mexican accounting and tax rules, receiving the Series
L ADSs will be deemed to be an automatic and simultaneous reinvestment and not a dividend payment in kind. </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><I>Under no circumstances will the dividend be deemed to be either a sale of shares by the Company or a general
solicitation of a waiver or transfer of any rights from the shareholders or ADS holders. The Company has not realized nor will realize, with respect to the dividend, any public sales efforts of its shares or ADSs and/or a public offer. </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><U>Cash Dividend </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><I>General: Withholding Tax </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Dividends, either in cash or in kind, paid with respect to the Company&#146;s shares to Mexican and non-Mexican resident
individuals will generally be subject to a 10% Mexican withholding tax. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Nonresident ADS holders could be subject to a
lower tax rate, to the extent that they are eligible for benefits under an income tax treaty to which Mexico is a party. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><I>Exception: Earnings accrued
prior to 2014 </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><U>However</U></B>, dividends from net earnings accrued prior to 2014 are not subject to the Mexican
withholding tax. <B>The earnings distributed as dividends pursuant to this notice were accrued by us </B><B><U>prior to December 31, 2013</U></B><B>. Accordingly, such dividends will not be subject to Mexican tax withholding irrespective of the
election made by any given ADS holder.</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><U>Reinvestment of ADSs </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><I>Reinvestment of Profits </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Income from dividends reinvested within thirty (30) days of their distribution is deemed realized in the year in which the
capital contribution is refunded or the issuer is liquidated. Accordingly, for the purposes of Mexican accounting and tax rules, receipt of the Series L ADSs on the Payment Date, will be deemed to be a reinvested dividend immediately upon its
distribution, will not be subject to the Mexican withholding tax and will not be deemed realized until such time as the Company may refund the capital contributions in connection with a decrease in the Company&#146;s share capital or until the
Company is liquidated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><I>Tax Basis </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">For purposes of Mexican taxation, the acquisition of shares or ADSs through the reinvestment of dividends or profits within
thirty (30) days of their distribution carries no tax basis for any future dispositions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">6 </P>


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<TR>
<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>III.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt"><B>&nbsp;&nbsp;&nbsp;OTHER INFORMATION </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Please find additional information provided by the Company on its Scrip Dividend in the Informational Notice.&nbsp;We urge you
to read this Notice of Scrip ADS Dividend and the Informational Notice in their entirety. In the event of any conflict between the terms set forth in this Notice of ADS Scrip Dividend and the terms of the Informational Notice, the terms hereof will
govern the rights and obligations of the Company, the ADS holders and the Depositary in respect of the ADS Scrip Dividend. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The information contained herein with respect to the Scrip Dividend has been provided by the Company.&nbsp;The Depositary is
forwarding this information to you solely as Depositary for the ADSs and in accordance with the terms of the Deposit Agreement, and disclaims any responsibility with respect to the accuracy or completeness of such information.&nbsp;The Depositary
does not, and should not be deemed to, express any opinion with respect to the Scrip Dividend.&nbsp;The rights and obligations of ADS holders, the Company and the Depositary are set forth in their entirety in the Deposit Agreement and are summarized
in the American Depositary Receipts issued to evidence ADSs (if any).&nbsp;If you wish to receive a copy of the Deposit Agreement, please contact the Depositary at the number set forth below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">If you have any questions or need assistance regarding the ADS Scrip Dividend, please contact Citibank, N.A. &#150; ADR
Shareholder Services at 866-254-7069. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:65%; font-size:12pt; font-family:Times New Roman">Citibank, N.A., </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:65%; font-size:12pt; font-family:Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as Depositary </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Enclosure: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:12pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">ADS Scrip Dividend Election Form </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">7 </P>

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<TYPE>EX-99.2
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<FILENAME>d279524dex992.htm
<DESCRIPTION>NOTICE OF ADS SCRIP DIVIDEND - SERIES L SHARE ADSS
<TEXT>
<HTML><HEAD>
<TITLE>Notice of ADS Scrip Dividend  - Series L Share ADSs</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="right"><B>October 31, 2016 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>AM&Eacute;RICA M&Oacute;VIL, S.A.B. DE C.V. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>NOTICE OF ADS SCRIP DIVIDEND </B></P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">TO ALL
HOLDERS AND BENEFICIAL OWNERS OF </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">AM&Eacute;RICA M&Oacute;VIL, S.A.B. DE C.V. AMERICAN DEPOSITARY SHARES (&#147;<U>ADSs</U>&#148;) </P>
<P STYLE="font-size:24pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="top" STYLE="BORDER:1px solid #000000; padding-left:8pt">DEPOSITARY:</TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">CITIBANK, N.A. (&#147;<U>Depositary</U>&#148;).</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">COMPANY:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">AM&Eacute;RICA M&Oacute;VIL, S.A.B. DE C.V., a company organized under the laws of the United Mexican States (&#147;<U>Company</U>&#148; or
&#147;<U>Am&eacute;rica M&oacute;vil</U>&#148;).</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">DEPOSITED SECURITIES:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">Series L shares of the Company (&#147;<U>Series L</U> <U>Shares</U>&#148;).</TD></TR>
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<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">DEPOSIT AGREEMENT:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">Amended and Restated Deposit Agreement, dated as of September 13, 2016, by and among the Depositary, the Company and the Holders and
Beneficial Owners from time to time of ADSs issued thereunder (&#147;<U>Deposit Agreement</U>&#148;).</TD></TR>
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<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">CUSIP NO:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">02364W105.</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">ADS TICKER:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">AMX.</TD></TR>
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<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">RATIO OF SERIES L SHARES TO ADS:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">20 Series L Shares to 1 ADS (the &#147;<U>ADS Ratio</U>&#148;).</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">ADS RECORD DATE:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">October 31, 2016 (COB NYC) (&#147;<U>ADS Record Date</U>&#148;).</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">SHARE RECORD DATE:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">November 8, 2016 (COB Mexico City) (&#147;<U>Share Record Date</U>&#148;).</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">ADS SCRIP ELECTION DEADLINE:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">3:00 PM (New York City time) on November 10, 2016 (&#147;<U>ADS Scrip Election Deadline</U>&#148;).</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top" STYLE="BORDER-LEFT:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-left:8pt">ADS BOOKS CLOSURE TO ADS ISSUANCES AND CANCELLATIONS:</TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;&nbsp;</TD>
<TD VALIGN="top" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8pt">October 31, 2016 (COB NYC) to November 8,&nbsp;2016 (COB NYC).</TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>I.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt"><B>&nbsp;&nbsp;&nbsp;OVERVIEW </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The Company has informed the Depositary that the shareholders of the Company approved, at the general and extraordinary
shareholders&#146; meeting held on October&nbsp;6, 2016, a Scrip Dividend of Ps. 0.14 per Series L Share (the &#147;<U>Dividend Amount</U>&#148;), payable in cash or in additional Series L Shares in accordance with the terms described below (the
&#147;<U>Scrip Dividend</U>&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The Company has informed the Depositary that under the terms of the Scrip Dividend,
holders of Series&nbsp;L Shares as of the Share Record Date will be entitled to elect to receive either (i)&nbsp;cash or (ii)&nbsp;additional Series L Shares or (iii)&nbsp;a combination thereof.&nbsp;The reference price used to calculate the
additional number of Series L Shares to be received by any given shareholder that elects to receive additional Series L Shares will be calculated based on the market price per Series L Share at the opening of trading on the Mexican Stock Exchange on
the payment date, as described in the Informational Notice (as defined below). </P>

<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The terms of the Scrip Dividend payable to holders of Shares are more fully
described in the Notice of Dividend, dated October 31, 2016, a copy of which is available from the Company&#146;s website at http://www.americamovil.com and the SEC website at www.sec.gov (the &#147;<U>Informational Notice</U>&#148;).&nbsp;For more
information about the Company and the Series L Shares, please consult the Company&#146;s 2015 Annual Report on Form 20-F (&#147;<U>20-F</U>&#148;) filed with the SEC on April 26, 2016, and the Company&#146;s Reports on Form 6-K
(&#147;<U>6-K</U>&#148;) filed with the SEC from time to time.&nbsp;For more information about the American Depositary Shares representing Series L Shares, please consult the Registration Statement on Form F-6 (&#147;<U>F-6</U>&#148;) for Series L
ADSs filed with the SEC on September 8, 2016.&nbsp;The 20-F, the 6-Ks and the F-6s are available on the SEC website at www.sec.gov.</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The Company has requested that the Depositary make the Scrip Dividend available to holders of ADSs as of the ADS Record
Date.&nbsp;In accordance with the Deposit Agreement, the Depositary, in consultation with the Company, has determined that it is not reasonably practicable to provide holders of ADSs with the option to receive the Scrip Dividend in the form of a
combination of cash and shares. Consequently, holders of ADSs as of the ADS Record Date will be entitled to receive either (i) cash or (ii) additional ADSs, but not a combination thereof, upon the terms set forth herein (the &#147;<U>ADS Scrip
Dividend</U>&#148;).</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B><I>Calculation of ADS Scrip Dividend </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The Depositary has agreed to make available to ADS holders as of the ADS Record Date the option to elect to receive the ADS
Scrip Dividend in the form of additional ADSs representing Series L Shares currently held by the Company as treasury stock.&nbsp;ADS holders may elect to receive the ADS Scrip Dividend in whole, but not in part, in the form of additional
ADSs.&nbsp;If you do not elect to receive the ADS Scrip Dividend in the form of additional ADSs, you will receive from the Company the U.S. dollar equivalent of Ps.2.80 (two Mexican pesos and eighty Mexican cents) per ADS held as of the ADS Record
Date (after conversion from Mexican pesos into US dollars by the Depositary upon the terms contemplated in the Deposit Agreement).&nbsp;The number of additional ADSs to be received by an ADS holder that timely and validly elects to receive
additional ADSs will be determined by dividing (x) the product of (i) the number of Series L shares represented by the ADSs held by the ADS holder as of the ADS Record Date and (ii) the Dividend Amount, by (y) the &#147;Reference Price&#148; (which
is the market price per Series L Share at the opening of trading on the Mexican Stock Exchange on the payment date, as described in the Informational Notice), and adjusting the resulting amount to reflect the ADS Ratio (i.e., dividing the resulting
number of Series L Shares by twenty (20)).</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B><I>Fractions of New ADSs </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Holders will not receive fractions of new ADSs in connection with the ADS Scrip Dividend.&nbsp;In the event that the
application of the formula set forth in the Informational Notice (as adjusted to reflect the ADS Ratio) results in a number of ADSs other than a whole number, the number of additional ADSs to be received by any Holder will be rounded down to the
nearest whole number. In accordance with the Deposit Agreement, the Depositary will (i) aggregate the remaining fractions of an ADS, (ii) arrange for the sale of the aggregated fractions on the New York Stock Exchange promptly after the Company
distributes the Series L Shares for the Scrip Dividend, and (iii) distribute to the applicable ADS holders their allocable portion of the net cash proceeds from the sale of the fractional entitlements to ADSs (net of applicable fees, taxes and
expenses).</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">2 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B><I>Process and Timeline </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">ADSs holders as of the ADS Record Date who wish to receive payment of the ADS Scrip Dividend in the form of ADSs will need to
submit their ADS Scrip Dividend payment option election (the &#147;<U>ADS Scrip Election</U>&#148;) prior to the ADS Scrip Election Deadline by returning a duly completed and signed ADS Scrip Dividend Election Form (the &#147;<U>ADS Scrip Dividend
Election Form</U>&#148;), a copy of which is enclosed with this Notice of ADS Scrip Dividend, so that it is received by the Depositary at the designated address prior to the ADS Scrip Election Deadline. ADS holders who wish to receive payment of the
ADS Scrip Dividend in cash do not need to take any action.</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>Partial ADS Scrip Elections are not permitted.&nbsp;Any ADS
holder who elects to receive the ADS Scrip Dividend in the form of additional ADSs will receive additional ADSs with respect to all of such holder&#146;s ADSs.&nbsp;Any ADS holder who has validly elected to receive the ADS Scrip Dividend in the form
of additional ADSs and who wishes to change such election, should send a signed written letter revoking the earlier election to the Depositary at the applicable address specified in the ADS Scrip Election Form prior to the ADS Scrip Election
Deadline.&nbsp;Partial revocations of earlier ADS Scrip Elections are not permitted. </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Beneficial owners of ADSs as of
the ADS Record Date who hold their ADSs through a bank, broker or other securities intermediary must contact their bank, broker or other securities intermediary through which they hold their ADSs in order to make their ADS Scrip Election consistent
with that entity&#146;s procedures.&nbsp;The deadline for contacting your securities intermediary will be governed by the standing arrangements between you and your securities intermediary.&nbsp;If you wish to elect to receive payment of the ADS
Scrip Dividend in the form of additional ADSs, please take action promptly to provide instructions to your securities intermediary to allow sufficient time for your securities intermediary to gather your instructions and to submit an election on
your behalf to the Depositary, prior to applicable deadlines.&nbsp;Holders of ADSs for which a valid election is not received in a timely manner will receive the ADS Scrip Dividend in the form of cash. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The Depositary expects to distribute the ADS Scrip Dividend to ADS holders in cash or in additional ADSs, as applicable,
promptly after receipt of the applicable funds and Series L Shares from the Company.</P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">3 </P>


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<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>II.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt"><B>&nbsp;&nbsp;&nbsp;TAX CONSIDERATIONS </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B><I>U.S. Taxation </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The following is a summary of certain U.S. federal income tax consequences of the receipt of the dividend to a holder of ADSs
that is a citizen or resident of the United States of America, a corporation (or other entity taxable as a corporation) organized under the laws of the United States of America or any state thereof, or otherwise subject to U.S. federal income
taxation on a net income basis with respect to the ADSs (a &#147;U.S. holder&#148;).&nbsp;This summary is subject to the limitations described in the Company&#146;s Form 20-F under the heading &#147;Taxation of Shares and ADSs&#151;U.S. Federal
Income Tax Considerations&#148; and is based on the U.S. Internal Revenue Code of 1986, as amended (the &#147;Code&#148;), Treasury regulations promulgated thereunder, administrative rulings and judicial decisions, each as of the date hereof, and
does not purport to be a comprehensive description of all of the tax consequences of receiving the second installment of the dividend. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B>This summary is not exhaustive, and does not describe all of the tax considerations that may be relevant to a U.S.
holder&#146;s decision to elect to receive cash or additional ADSs.&nbsp;The consequences to any particular U.S. holder will depend on the personal circumstances of such holder.&nbsp;Each U.S. holder is advised to consult its own tax advisors
regarding the tax consequences of the dividend to it, including the consequences under U.S. federal, state, local or foreign tax laws. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Very generally, regardless of a U.S. holder&#146;s election to receive cash or additional ADSs, a U.S. holder that receives
the dividend will be treated as having received a taxable distribution with the consequences described in the Company&#146;s Form 20-F under &#147;Taxation of Shares and ADSs&#151;U.S. Federal Income Tax Considerations&#151;Taxation of
Distributions.&#148;</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">In the case of a U.S. holder that receives the dividend in Mexican pesos in whole or in part
(including any paid in lieu of fractional shares), the U.S. holder generally will recognize dividend income as to such portion equal to the gross amount of Mexican pesos the Company pays.&nbsp;In general, the gross amount of any dividend will be
includible in the gross income of a U.S. holder as ordinary income on the day on which it is received by the U.S. holder, in the case of shares, or by the Depositary, in the case of ADSs. The dividend will be paid in pesos and will be includible in
the income of a U.S. holder in a U.S. dollar amount calculated by reference to the exchange rate in effect on the date that it is received by the U.S. holder, in the case of shares, or by the Depositary, in the case of ADSs (regardless of whether
such pesos are in fact converted into U.S. dollars on such date).&nbsp;If the dividend is converted into U.S. dollars on the date of such receipt, a U.S. holder generally should not be required to recognize foreign currency gain or loss in respect
of the dividend.&nbsp;U.S. holders should consult their own tax advisors regarding the treatment of foreign currency gain or loss, if any, on any pesos received by a U.S. holder or depositary that are converted into U.S. dollars on a date subsequent
to receipt.</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">In the case of a U.S. holder that makes a valid election to receive the dividend in additional ADSs, the U.S.
holder will recognize dividend income in an amount equal to the U.S. dollar value of the rights to receive additional ADSs as of the payment date.&nbsp;Such a U.S. holder&#146;s tax basis in the additional ADSs received will equal such U.S. dollar
value, and the U.S. holder&#146;s holding period in the additional ADSs will begin on the day after the payment date. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">4 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">A U.S. holder whose fractional entitlement to an ADSs is sold by the Depositary
in the open market and who receives cash in lieu of a fractional entitlement to an ADS should realize short-term capital gain or loss in an amount equal to the difference between the U.S. holder&#146;s tax basis in the fractional entitlement to an
ADS and the amount realized on the disposition (each as determined in U.S. dollars). The U.S. holder&#146;s tax basis in the fractional entitlement to an ADS should be equal to the fair market value of the ADS (in U.S. dollars) as of the date of
distribution (that is, the amount includible in income as ordinary dividend income as described above). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Subject to
applicable limitations, certain non-corporate U.S. holders may be taxable on the amount of the dividend at a rate that is lower than the rate applicable to ordinary income.&nbsp;U.S. holders should consult the discussion in the Company&#146;s Form
20-F under &#147;Taxation of Shares and ADSs&#151;U.S. Federal Income Tax Considerations&#151;Taxation of Distributions,&#148; as well as their own tax advisors regarding the availability of the reduced tax rate on the dividend in their particular
circumstances. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The dividend will not be eligible for the dividends-received deduction allowed to corporations under the
Code.&nbsp;In general, a U.S. holder that receives additional ADSs will be treated as owning the Series L Shares represented by those Series L ADSs for U.S. federal income tax purposes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The dividend may be subject to information reporting and backup withholding unless the holder establishes that it is an exempt
recipient if required, or provides an accurate taxpayer identification number on a properly completed Internal Revenue Service Form W-9 and certifies that no loss of exemption from backup withholding has occurred.&nbsp;The amount of any backup
withholding from a payment to a holder will be allowed as a credit against the U.S. holder&#146;s U.S. federal income tax liability and may entitle such holder to a refund, provided that certain required information is timely furnished to the
Internal Revenue Service. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><B><I>Mexican Taxation </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The following summary contains a description of certain Mexican income tax consequences of the distribution described in this
notice, but it does not purport to be a comprehensive description of all of the tax considerations that may be relevant to the decision to receive the dividend in cash or additional ADSs. This discussion does not constitute, and should not be
considered as, legal or tax advice to the Company&#146;s ADS holders. The discussion is for general information purposes only and is based upon the tax laws of Mexico as in effect on the date of this notice.&nbsp;For additional information on the
Mexican income tax consequences of the Scrip Dividend, please consult the Informational Notice. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><I>The tax
consequences discussed below may not be applicable to all of the Company&#146;s ADS holders. Accordingly, the Company encourages ADS holders to consult their own tax advisors to better understand the tax consequences of their participation in the
payment process described herein. The Company disclaims any liability for any tax consequence suffered or obligation incurred by any ADS holder who elects to participate in such distribution. </I></B></P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">5 </P>


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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><I>For the purposes of Mexican accounting and tax rules, receiving the
additional ADSs will be deemed to be an automatic and simultaneous reinvestment and not a dividend payment in kind. </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><I>Under no circumstances will the dividend be deemed to be either a sale of shares by the Company or a general
solicitation of a waiver or transfer of any rights from the shareholders or ADS holders. The Company has not realized nor will realize, with respect to the dividend, any public sales efforts of its shares or ADSs and/or a public offer. </I></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><U>Cash Dividend </U></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><I>General: Withholding Tax </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Dividends, either in cash or in kind, paid with respect to the Company&#146;s shares to Mexican and non-Mexican resident
individuals will generally be subject to a 10% Mexican withholding tax. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Nonresident ADS holders could be subject to a
lower tax rate, to the extent that they are eligible for benefits under an income tax treaty to which Mexico is a party. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><I>Exception: Earnings accrued
prior to 2014 </I></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify"><B><U>However</U></B>, dividends from net earnings accrued prior to 2014 are not subject to the Mexican
withholding tax. <B>The earnings distributed as dividends pursuant to this notice were accrued by us </B><B><U>prior to December 31, 2013</U></B><B>. Accordingly, such dividends will not be subject to Mexican tax withholding irrespective of the
election made by any given ADS holder.</B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><U>Reinvestment of ADSs </U></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><I>Reinvestment of Profits </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Income from dividends reinvested within thirty (30) days of their distribution is deemed realized in the year in which the
capital contribution is refunded or the issuer is liquidated. Accordingly, for the purposes of Mexican accounting and tax rules, receipt of the additional ADSs on the Payment Date, will be deemed to be a reinvested dividend immediately upon its
distribution, will not be subject to the Mexican withholding tax and will not be deemed realized until such time as the Company may refund the capital contributions in connection with a decrease in the Company&#146;s share capital or until the
Company is liquidated. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman"><I>Tax Basis </I></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">For purposes of Mexican taxation, the acquisition of shares or ADSs through the reinvestment of dividends or profits within
thirty (30) days of their distribution carries no tax basis for any future dispositions. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">6 </P>


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<TD WIDTH="5%" VALIGN="top" ALIGN="left"><B>III.</B></TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="justify" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:12pt"><B>&nbsp;&nbsp;&nbsp;OTHER INFORMATION </B></P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">Please find additional information provided by the Company on its Scrip Dividend in the Informational Notice.&nbsp;We urge you
to read this Notice of Scrip ADS Dividend and the Informational Notice in their entirety. In the event of any conflict between the terms set forth in this Notice of ADS Scrip Dividend and the terms of the Informational Notice, the terms hereof will
govern the rights and obligations of the Company, the ADS holders and the Depositary in respect of the ADS Scrip Dividend. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">The information contained herein with respect to the Scrip Dividend has been provided by the Company.&nbsp;The Depositary is
forwarding this information to you solely as Depositary for the ADSs and in accordance with the terms of the Deposit Agreement, and disclaims any responsibility with respect to the accuracy or completeness of such information.&nbsp;The Depositary
does not, and should not be deemed to, express any opinion with respect to the Scrip Dividend.&nbsp;The rights and obligations of ADS holders, the Company and the Depositary are set forth in their entirety in the Deposit Agreement and are summarized
in the American Depositary Receipts issued to evidence ADSs (if any).&nbsp;If you wish to receive a copy of the Deposit Agreement, please contact the Depositary at the number set forth below. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:7%; font-size:12pt; font-family:Times New Roman" ALIGN="justify">If you have any questions or need assistance regarding the ADS Scrip Dividend, please contact Citibank, N.A. &#150; ADR
Shareholder Services at 866-254-7069. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
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<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top">Citibank, N.A.,</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:12pt">
<TD VALIGN="top">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as Depositary</TD></TR>
</TABLE></DIV> <P STYLE="margin-top:42pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman">Enclosure: </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="3%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">ADS Scrip Dividend Election Form </TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center">7 </P>

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