<SEC-DOCUMENT>0001104659-23-022998.txt : 20230217
<SEC-HEADER>0001104659-23-022998.hdr.sgml : 20230217
<ACCEPTANCE-DATETIME>20230217060302
ACCESSION NUMBER:		0001104659-23-022998
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20230216
FILED AS OF DATE:		20230217
DATE AS OF CHANGE:		20230217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MEXICAN ECONOMIC DEVELOPMENT INC
		CENTRAL INDEX KEY:			0001061736
		STANDARD INDUSTRIAL CLASSIFICATION:	BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			O5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35934
		FILM NUMBER:		23640181

	BUSINESS ADDRESS:	
		STREET 1:		GENERAL ANAYA NO 601 PTE
		STREET 2:		COLONIA BELLA VISTA
		CITY:			MONTERREY, N.L.
		STATE:			O5
		ZIP:			64410
		BUSINESS PHONE:		528183286167

	MAIL ADDRESS:	
		STREET 1:		GENERAL ANAYA NO 601 PTE
		STREET 2:		COLONIA BELLA VISTA
		CITY:			MONTERREY, N.L.
		STATE:			O5
		ZIP:			64410
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm237216d1_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">WASHINGTON, DC 20549</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM 6-K</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">REPORT OF FOREIGN PRIVATE ISSUER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">THE SECURITIES EXCHANGE ACT OF 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of February 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FOMENTO ECON&Oacute;MICO MEXICANO, S.A.B. DE C.V.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of Registrant as specified in its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Mexican Economic Development, Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of Registrant&rsquo;s name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">United Mexican States</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Jurisdiction of incorporation or organization)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">General Anaya No. 601 Pte.<BR>
Colonia Bella Vista<BR>
Monterrey, Nuevo Le&oacute;n 64410<BR>
M&eacute;xico</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Indicate by check mark whether the registrant files
or will file annual reports</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">under cover of Form 20-F or Form 40-F:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form 20-F <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT>
 &nbsp;&nbsp;Form 40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">permitted by Regulation S-T Rule 101(b)(1): _______</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">permitted by Regulation S-T Rule 101(b)(7): _______</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Indicate by check mark whether by furnishing the
information contained in this</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form, the registrant is also thereby furnishing
the information to the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Yes <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">If &quot;Yes&quot; is marked, indicate below the
file number assigned to the registrant in</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">connection with Rule 12g3-2(b): 82-_____________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>CONTENTS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><A HREF="tm237216d1_ex99-1.htm" STYLE="-sec-extract: exhibit">Exhibit 99.1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press release from Fomento Econ&oacute;mico Mexicano, S.A.B. de C.V. (FEMSA), dated February 16, 2023, regarding commencement of tender offer.</A></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to the requirements of the Securities
Exchange Act of 1934, the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">registrant has duly caused this report to be signed
on its behalf of the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: left"><FONT STYLE="font-size: 10pt">FOMENTO ECON&Oacute;MICO MEXICANO, S.A.B. DE C.V.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center; width: 50%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 15%"><FONT STYLE="font-size: 10pt">By:&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 35%"> <FONT STYLE="font-size: 10pt">/s/ Eugenio Garza y Garza</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-size: 10pt">Eugenio Garza y Garza</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Director of Finance and Corporate Development</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: February 16, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm237216d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="text-align: right; margin: 0pt"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">FEMSA ANNOUNCES
COMMENCEMENT OF tender offer</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in"><B>FEBRUARY 16, 2023</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"><B>MONTERREY, MEXICO</B> &ndash; FOMENTO ECON&Oacute;MICO
MEXICANO, S.A.B. DE C.V. (&ldquo;<U>FEMSA</U>&rdquo;) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced that it has commenced offers to purchase
for cash (the &ldquo;<U>Offers</U>&rdquo; and, individually, an &ldquo;<U>Offer</U>&rdquo;) FEMSA&rsquo;s notes of the series set forth
in the table below (all such notes, the &ldquo;<U>Notes</U>&rdquo; and each such series, a &ldquo;<U>series</U>&rdquo; of Notes), for
an aggregate purchase price, excluding Accrued Interest (as defined below) and Additional Amounts (as defined below), if any (the &ldquo;<U>Aggregate
Purchase Price</U>&rdquo;), of up to US$2.0 billion (the &ldquo;<U>Tender Cap</U>&rdquo;), subject to the acceptance priority procedures
and proration described herein from each registered holder of the Notes (each a &ldquo;<U>Holder</U>&rdquo; and, collectively, the &ldquo;<U>Holders</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">The Offers are being made pursuant to the terms and
subject to the conditions set forth in the Offer to Purchase dated February 16, 2023 (as may be amended or supplemented from time to time,
the &ldquo;<U>Offer to Purchase</U>&rdquo;). The series of Notes denominated in U.S. dollars are herein referred to as the &ldquo;U.S.
Dollar Notes,&rdquo; and the series of Notes denominated in Euros are herein referred to as the &ldquo;EUR Notes.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table sets forth the series of Notes subject to the Offers:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center"><FONT STYLE="font-size: 8pt">Notes</FONT></TD><TD STYLE="text-align: center; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 8pt">CUSIP/ISIN</FONT></TD><TD STYLE="text-align: center; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: center; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center"><FONT STYLE="font-size: 8pt">Principal
    Amount<BR>
    Outstanding</FONT></TD><TD STYLE="text-align: center; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: center; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 8pt">Acceptance<BR>
    Priority <BR>
    Level</FONT></TD><TD STYLE="text-align: center; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: center; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center"><FONT STYLE="font-size: 8pt">Reference
    Security/<BR>
    Interpolated<BR>
    Mid-Swap Rate</FONT></TD><TD STYLE="text-align: center; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center"><FONT STYLE="font-size: 8pt">Bloomberg<BR>
    Reference Page</FONT></TD><TD STYLE="text-align: center; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: bold 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center"><P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Fixed
                                            Spread (basis<BR>
                                            points)<SUP>(1)</SUP></B></FONT></P></TD><TD STYLE="text-align: center; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="text-align: center; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; white-space: nowrap; text-align: center"><P STYLE="border-bottom: Black 0.5pt solid; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Hypothetical
                                            <BR>
                                            Total<BR>
                                            Consideration<SUP>(2)</SUP></B></FONT></P></TD><TD STYLE="text-align: center; white-space: nowrap; font: bold 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">3.500% Senior Notes due 2050<SUP>(3)</SUP></FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">344419
                                            AC0 / US344419AC03</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">US$2,500,000,000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">1</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">4.00% U.S. Treasury Note due 11/15/52</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">PX1</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">+120</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">US$768.10</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">4.375% Senior Notes due 2043</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">344419
                                            AB2 / US344419AB20</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">US$700,000,000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">2</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">4.00% U.S. Treasury Note due 11/15/42</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">PX1</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">+120</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">US$893.00</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font-size: 10pt; text-align: center; width: 17%"><FONT STYLE="font-size: 8pt">0.500% Senior Notes due 2028</FONT></TD><TD STYLE="font-size: 10pt; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: center; width: 12%"><FONT STYLE="font-size: 8pt">-/
                                            XS2337285519</FONT></TD><TD STYLE="font-size: 10pt; text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center; width: 8%">&euro;<FONT STYLE="font-size: 8pt">700,000,000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: center; width: 8%"><FONT STYLE="font-size: 8pt">3</FONT></TD><TD STYLE="font-size: 10pt; text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center; width: 12%"><FONT STYLE="font-size: 8pt">2028 Interpolated Mid-Swap Rate</FONT></TD><TD STYLE="font-size: 10pt; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center; width: 12%"><FONT STYLE="font-size: 8pt">IRSB EU &lt;GO&gt; (Euro Zone) Page, Pricing Source:
    BGN</FONT></TD><TD STYLE="font-size: 10pt; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: center; width: 8%"><FONT STYLE="font-size: 8pt">+70</FONT></TD><TD STYLE="font-size: 10pt; text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center; width: 8%"><FONT STYLE="font-size: 8pt">&euro;772.24</FONT></TD><TD STYLE="font-size: 10pt; text-align: left; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">1.000% Senior Notes due 2033</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">-/
                                            XS2337285865</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center">&euro;<FONT STYLE="font-size: 8pt">500,000,000</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">4</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">2033 Interpolated Mid-Swap Rate</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">IRSB EU &lt;GO&gt; (Euro Zone) Page, Pricing Source:
    BGN</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">+30</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD><TD STYLE="font-size: 10pt"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-size: 8pt">&euro;863.71</FONT></TD><TD STYLE="font-size: 10pt; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD></TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 25%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>The Total Consideration (as defined below) payable per each US$1,000 or &euro;1,000, as applicable, principal amount of each series
of Notes validly tendered for purchase will be calculated in accordance with the formulas set forth in Schedule I and Schedule II to the
Offer to Purchase, based on the fixed spread specified in the table above for such series of Notes, <I>plus</I> the yield of the specified
Reference Security/ Interpolated Mid-Swap Rate for that series as determined from the Bloomberg Reference Page specified in the table
above as of 11:00 a.m., New York City time, on March 2, 2023, unless extended with respect to an Offer (such date and time, as the same
may be extended with respect to an Offer, the &ldquo;<U>Price Determination Date</U>&rdquo;). The Total Consideration for each series
of Notes includes an early tender premium in the amount of US$30 per US$1,000 or &euro;30 per &euro;1,000, as applicable, principal amount
of Notes validly tendered on or prior to the Early Tender Time (and not validly withdrawn) and accepted for purchase pursuant to the Offers
(the &ldquo;<U>Early Tender Premium</U>&rdquo;).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>Per US$1,000 or &euro;1,000, as applicable, principal amount of each series of Notes validly tendered and accepted for purchase. The
hypothetical Total Consideration provided in the above table is for illustrative purposes only and was calculated based on the yield calculated
to the applicable maturity date or par call date, as applicable, and has been determined as of 11:00 a.m., New York City time, on February
15, 2023 in accordance with the formulas set forth in Schedule I and Schedule II to the Offer to Purchase. The hypothetical Total Consideration
for each series of Notes includes the applicable Early Tender Premium for such series. FEMSA makes no representation with respect to the
actual Total Consideration payable in connection with the Offers, and such amounts may be greater or less than those shown in the above
table depending on the yield of the applicable Reference Security or the Interpolated Mid-Swap Rate on the Price Determination Date.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD>The par call date for this series of Notes is July 16, 2049.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Offers will expire at 11:59 p.m., New York
City time, on March 16, 2023, unless extended or earlier terminated with respect to an Offer (such time and date, as the same may be extended
or earlier terminated with respect to an Offer, the &ldquo;<U>Expiration Time</U>&rdquo;). In order to be eligible to receive the applicable
Total Consideration, Holders must validly tender (and not validly withdraw) their Notes on or prior to 2:00 a.m., New York City time,
on March 3, 2023, unless extended with respect to an Offer (such time and date, as the same may be extended with respect to an Offer,
the &ldquo;<U>Early Tender Time</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Tenders of Notes may be withdrawn at any time on or before 2:00 a.m.,
New York City time, on March 3, 2023, unless extended with respect to an Offer, but not thereafter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On the Price Determination Date, FEMSA will notify
the tender agent and will make a public announcement thereof to the Holders promptly after 11:00 a.m., New York City time on the Price
Determination Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The total consideration (the &ldquo;<U>Total Consideration</U>&rdquo;)
offered for each US$1,000 or &euro;1,000, as applicable, principal amount of each series of Notes validly tendered (and not validly withdrawn)
and accepted for purchase pursuant to the Offers is the price (calculated as described in Schedule I and Schedule II to the Offer to Purchase)
that would reflect:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD>(i)</TD><TD COLSPAN="2">for each series of U.S. Dollar Notes,</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2">&nbsp;</TD></TR>
                                                                                                              <TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">&nbsp;</TD><TD STYLE="width: 0.02in">(1)&nbsp;</TD>
               <TD>the present value on the Initial Settlement Date (as defined below) of (x) US$1,000, representing the principal amount
               payable on the scheduled maturity date or par call date of the relevant series of U.S. Dollar Notes, as applicable, and
               (y) all scheduled interest payments from the Initial Settlement Date up to and including the scheduled maturity date or
               par call date of the relevant series of U.S. Dollar Notes, as applicable, in each case discounted on the basis of a yield
               equal to the sum of (a)&nbsp;the yield to maturity (the &ldquo;<U>Reference Yield</U>&rdquo;)&nbsp;of the applicable reference
               security set forth in the table above in the column under the heading &ldquo;Reference Security/ Interpolated Mid-Swap
               Rate&rdquo; (each, a &ldquo;<U>Reference Security</U>&rdquo;), as calculated by BofA Securities, Inc. in its capacity
               as Dealer Manager (as defined below) in accordance with standard market practice, determined by reference to the bid-side
               price of the Reference Security at 11:00 a.m., New York City time, on the Price Determination Date, as displayed on the
               applicable Bloomberg Reference Page specified in the table above in the column under the heading &ldquo;Bloomberg Reference
               Page&rdquo; or any recognized quotation source selected by the Dealer Manager in its sole discretion if such Bloomberg
               Reference Page is not available or is manifestly erroneous, <I>plus </I>(b)&nbsp;the applicable fixed spread specified
               in the table above in the column under the heading &ldquo; Fixed Spread&rdquo; (the &ldquo;<U>Fixed Spread</U>&rdquo;),
               <I>minus</I></TD></TR>
                                                                                                              <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD></TD>
               <TD>&nbsp;</TD></TR>
                                                                                                              <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>(2)&nbsp;</TD>
               <TD>Accrued Interest to, but not including,
the Initial Settlement Date, and</TD></TR>
                                                                                                              <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2">&nbsp;</TD></TR>
                                                                                                              <TR STYLE="vertical-align: top">
<TD>(ii)</TD><TD COLSPAN="2">for each series of EUR Notes,</TD></TR>
                                                                                                              <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD COLSPAN="2">&nbsp;</TD></TR>
                                                                                                              <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>(1)&nbsp;</TD>
               <TD>the present value on the Initial
Settlement Date of (x) &euro;1,000, representing the principal amount payable on the scheduled maturity date of the relevant series of
EUR Notes, as applicable, and (y) all scheduled interest payments (assuming the applicable Sustainability Performance Targets have been
satisfied by the applicable Interest Rate Step Up Date, each as defined in the terms of the indenture under which such EUR Notes were
issued) from the Initial Settlement Date up to and including the scheduled maturity date of the relevant series of EUR Notes, in each
case discounted on the basis of a yield equal to the sum of (a) the Reference Yield (corresponding to the applicable Interpolated Mid-Swap
Rate) as calculated by BofA Securities, Inc. in its capacity as Dealer Manager in accordance with standard market practice, <I>plus</I>
(b) the applicable Fixed Spread, <I>minus</I></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
                                                                                                              <TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in">&nbsp;</TD><TD STYLE="width: 0.02in">(2)&nbsp;</TD>
               <TD>Accrued Interest to, but not including,
the Initial Settlement Date,</TD></TR>
                                                                                                              </TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">such price being rounded to the nearest US$0.01 per US$1,000 principal
amount of the U.S. Dollar Notes or &euro;0.01 per &euro;1,000 principal amount of the EUR Notes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Total Consideration, when calculated in the manner set out in the
Offer to Purchase, includes the Early Tender Premium.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Subject to the terms and conditions of the Offers, each Holder who
validly tenders on or prior to the Early Tender Time and does not validly withdraw such Holder&rsquo;s Notes will be entitled to receive,
if such Notes are accepted for purchase (the date of such purchase, the &ldquo;<U>Initial Settlement Date</U>&rdquo;), the applicable
Total Consideration, <I>plus</I> accrued and unpaid interest on the purchased Notes (the &ldquo;<U>Accrued Interest</U>&rdquo;) from and
including the last interest payment date to, but not including, the Initial Settlement Date and additional amounts in respect of withholding
taxes applicable to the Accrued Interest (including gains derived from the sale of the Notes in the Offers that are treated as interest),
if any (the &ldquo;<U>Additional Amounts</U>&rdquo;). Holders who validly tender their Notes after the Early Tender Time but on or prior
to the Expiration Time will be entitled to receive, if such Notes are accepted for purchase (the date of such purchase, the &ldquo;<U>Final
Settlement Date</U>&rdquo; and each of the Initial Settlement Date and the Final Settlement Date, a &ldquo;<U>Settlement Date</U>&rdquo;),
the applicable Total Consideration <I>minus</I> the Early Tender Premium, <I>plus</I> Accrued Interest to, but not including, the Final
Settlement Date and Additional Amounts, if any. Assuming all conditions to the Offers have been satisfied or waived, the Initial Settlement
Date is expected to occur on the second business day following the Early Tender Time, or March 7, 2023, and the Final Settlement Date
is expected to occur on the second business day following the Expiration Time, or March 20, 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Offers are not contingent upon the valid tender of any minimum
principal amount of Notes. The consummation of the Offers is conditioned upon satisfaction or waiver of each and all of the conditions
set forth in the Offer to Purchase, including (i) FEMSA having consummated a borrowing under FEMSA&rsquo;s U.S.-dollar denominated credit
agreement to be executed on or about February 16, 2023, with, among others, certain lenders that include one or more affiliates of the
Dealer Manager, yielding net proceeds to FEMSA sufficient to fund, together with available cash on hand, the Aggregate Purchase Price,
together with Accrued Interest and Additional Amounts, if any, due to Holders of such series tendered in the applicable Offer (the &ldquo;<FONT STYLE="font-weight: normal"><U>Financing
Condition</U></FONT>&rdquo;) and (ii) other customary conditions. Subject to applicable law, FEMSA reserves the right to (x) waive any
and all conditions to an Offer on or prior to the Initial Settlement Date, without necessarily extending withdrawal rights except as may
be required by applicable law, or the Expiration Time, (y) extend an Offer or (z) if the conditions of an Offer are not satisfied or waived,
otherwise amend or terminate such Offer in any respect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If the purchase of all Notes validly tendered (and not validly withdrawn)
on or prior to the Early Tender Time would cause FEMSA to purchase an aggregate principal amount of Notes that would result in an Aggregate
Purchase Price in excess of the Tender Cap, then the Offers will be oversubscribed at the Early Tender Time, and FEMSA will not accept
for purchase any Notes tendered after the Early Tender Time and FEMSA will (assuming satisfaction or, where applicable, the waiver of
the conditions to the Offers) only accept for purchase on the Initial Settlement Date, the Notes tendered at or prior to the Early Tender
Time resulting in the payment of an Aggregate Purchase Price not exceeding the Tender Cap pursuant to the Acceptance Priority Procedures
(as defined below). If the Offers are not oversubscribed at the Early Tender Time and the purchase of all Notes validly tendered at or
prior to the Expiration Time would cause FEMSA to purchase an aggregate principal amount of Notes that would result in an Aggregate Purchase
Price (taking into account the Total Consideration paid for Notes purchased on the Initial Settlement Date) in excess of the Tender Cap,
then the Offers will be oversubscribed at the Expiration Time and FEMSA will (assuming satisfaction or, where applicable, the waiver of
the conditions to the Offers) only accept for purchase all Notes validly tendered prior to the Early Tender Time and purchase any Notes
tendered after the Early Tender Time resulting in a payment of an Aggregate Purchase Price not exceeding the Tender Cap pursuant to the
Acceptance Priority Procedures.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In the Offers, subject to the satisfaction of the conditions to the
Offers, FEMSA will accept for purchase validly tendered Notes in the order of the related acceptance priority level set forth in the above
table in the column under the heading &ldquo;Acceptance Priority Level&rdquo; (the &ldquo;<U>Acceptance Priority Level</U>&rdquo;), beginning
at the lowest numerical value first, as described in the following sentences, subject to the procedures described below for undersubscribed
Offers by the Early Tender Time. If the aggregate principal amount of all validly tendered Notes corresponding to an Acceptance Priority
Level, when added to the aggregate principal amount of all Notes accepted for purchase corresponding to each higher Acceptance Priority
Level (lower numerical value), if any, would result in an Aggregate Purchase Price that does not exceed the Tender Cap, then FEMSA will
accept for purchase all such tendered Notes of a series and will then apply the foregoing procedure to the next lower Acceptance Priority
Level (next higher numerical value). If the condition described in the foregoing sentence is not met, FEMSA will accept for purchase on
a pro rata basis the maximum aggregate principal amount of such tendered Notes of the lowest Acceptance Priority Level (higher numerical
value) as FEMSA can while still satisfying that condition. No tendered Notes in subsequent Acceptance Priority Levels will be accepted
for purchase, to the extent that the acceptance of tendered Notes in previous Acceptance Priority Levels results in the purchase of Notes
with an Aggregate Purchase Price in excess of the Tender Cap (as may be increased by FEMSA in its sole discretion). If the Offers are
not fully subscribed at the Early Tender Time, subject to the Tender Cap, Notes tendered at or before the Early Tender Time will be accepted
for purchase in priority to other Notes tendered after the Early Tender Time, even if such Notes tendered after the Early Tender Time
have a higher Acceptance Priority Level than Notes tendered prior to the Early Tender Time. FEMSA refers to the procedures described in
this paragraph as the &ldquo;<U>Acceptance Priority Procedures</U>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If proration of a series of tendered Notes is required, FEMSA will
determine the final proration factor as soon as practicable after the Early Tender Time or Expiration Time, as applicable, and will inform
the Holders of such series of Notes of the results of the proration. In the event proration is required with respect to a series of Notes,
FEMSA will multiply the principal amount of each valid tender of such series of Notes by the applicable proration rate and round the resulting
amount down to the nearest US$2,000 with respect to the U.S. Dollar Notes or &euro;1,000 with respect to the EUR Notes. The excess principal
amount of Notes not accepted from the tendering Holders will be promptly returned to such Holders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In determining if the Aggregate Purchase Price exceeds the Tender Cap,
the aggregate U.S. dollar-equivalent principal amount of EUR Notes tendered and accepted in such Offers shall be calculated at the applicable
exchange rate, as of 11:00 a.m., New York City time, on the Price Determination Date, as reported on Bloomberg screen page &ldquo;FXIP&rdquo;
under the heading &ldquo;FX Rate vs. USD&rdquo; (or, if such screen is unavailable, a generally recognized source for currency quotations
selected by the Dealer Manager with quotes as of a time as close as reasonably possible to the aforementioned).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">* * *</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">FEMSA has engaged BofA Securities, Inc. as dealer manager in connection
with the Offers (the &ldquo;<U>Dealer Manager</U>&rdquo;). Global Bondholder Services Corporation is acting as the tender and information
agent for the Offers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This press release is neither an offer to purchase nor a solicitation
of an offer to sell the Notes. The Offers are not being made to Holders in any jurisdiction in which FEMSA is aware that the making of
the Offers would not be in compliance with the laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky
laws require the Offers to be made by a licensed broker or dealer, the Offers will be deemed to be made on FEMSA&rsquo;s behalf by the
Dealer Manager or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction. Any questions or requests
for assistance regarding the Offers may be directed to BofA Securities, Inc. at (888) 292-0070 (toll-free) or (646) 855-8988 (collect)
or (+44) (207) 996 5420. Requests for additional copies of the Offer to Purchase and related documents may be directed to Global Bondholder
Services Corporation at (212) 430-3774 or (855) 654-2014 (toll-free).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Neither the Offer to Purchase nor any documents related to the Offers
have been filed with, nor have they been approved or reviewed by, any federal or state securities commission or regulatory authority of
any country. No authority has passed upon the accuracy or adequacy of the Offer to Purchase or any documents related to the Offers, and
it is unlawful and may be a criminal offense to make any representation to the contrary.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>FEMSA Forward Announcement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The offers described above form an integral part of the series of strategic
initiatives announced by FEMSA on February 15, 2023, as a result of a thorough strategic review of its business platform, including the
bottom-up definition of long-range plans for each business unit, as well as the top-down analysis of FEMSA&rsquo;s corporate and capital
structure. That announcement is available at: https://www.globenewswire.com/news-release/2023/02/15/2609255/0/en/FEMSA-Forward-Announcing-results-of-strategic-review.html.
That announcement does not form part of this communication.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About FEMSA</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">FEMSA is a company that creates economic and social
value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It
participates in the retail industry through a Proximity Division operating OXXO, a small-format store chain, OXXO Gas, a chain of retail
service stations, and Valora, an operator of convenience and foodvenience formats present in 5 countries in Europe. In the retail industry
it also participates though a Health Division, which includes drugstores and related activities and Digital@FEMSA, which includes Spin
by OXXO and OXXO Premia, among other loyalty and digital financial services initiatives. In the beverage industry, it participates through
Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume; and in the beer industry, as the second largest
shareholder of Heineken, one of the world&rsquo;s leading brewers with operations in over 70 countries. FEMSA also participates in the
logistics and distribution industry through its Strategic Business Unit, which additionally provides point-of-sale refrigeration and plastic
solutions to its business units and third-party clients. Across its business units, FEMSA has more than 320,000 employees in 18 countries.
FEMSA is a member of the Dow Jones Sustainability MILA Pacific Alliance, the FTSE4Good Emerging Index and the Mexican Stock Exchange Sustainability
Index: S&amp;P/BMV Total M&eacute;xico ESG, among other indexes that evaluate its sustainability performance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This press release contains forward-looking statements. Forward-looking
statements are information of a non-historical nature or which relate to future events and are subject to risks and uncertainties. No
assurance can be given that the transactions described herein will be consummated or as to the ultimate terms of any such transactions.
FEMSA undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or
future events or for any other reason.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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