<SEC-DOCUMENT>0001104659-23-023061.txt : 20230217
<SEC-HEADER>0001104659-23-023061.hdr.sgml : 20230217
<ACCEPTANCE-DATETIME>20230217080020
ACCESSION NUMBER:		0001104659-23-023061
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20230217
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:		23640322

	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>tm237216d2_6k.htm
<DESCRIPTION>FORM 6-K
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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: 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>

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<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="tm237216d2_ex99-1.htm">Exhibit 99.1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press release from Fomento Econ&oacute;mico Mexicano, S.A.B. de C.V. (FEMSA), dated February 17, 2023, regarding pricing of offering of shares of Heineken N.V. and Heinken Holding N.V. and concurrent offering of exchangeable bonds.</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">&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 17, 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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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm237216d2_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

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  <TD STYLE="text-align: right; width: 50%"><IMG SRC="tm237216d2_ex99-1img002.jpg" ALT="" STYLE="width: 350px"><B>&nbsp;</B></TD></TR>
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<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; color: #862633"><B>&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; color: #862633"><B>FEMSA announces the pricing of the offering of shares
of Heineken N.V. and Heineken Holding N.V. and the concurrent offering of exchangeable bonds exchangeable into shares of Heineken Holding
N.V.</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; color: #862633"></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; text-align: justify"><B>Monterrey, Mexico, February 17, 2023 &mdash;
</B>Fomento Econ&oacute;mico Mexicano, S.A.B. de C.V. (&ldquo;<B>FEMSA</B>&rdquo; or, the <B>&ldquo;Company</B>&rdquo;) (NYSE: FMX; BMV:
FEMSAUBD, FEMSAUB) announces today the pricing of the sale <FONT STYLE="font-family: Times New Roman, Times, Serif">by its wholly-owned
subsidiary CB Equity LLP </FONT>of existing issued ordinary shares (the &ldquo;<B>Shares</B>&rdquo;) of both Heineken N.V. and Heineken
Holding N.V. (together, the &ldquo;<B>Heineken Group</B>&rdquo;) in the total amount of <FONT STYLE="font-family: Times New Roman, Times, Serif">EUR
3.2 billion (approximately 7% of the combined interest in the Heineken Group)</FONT> (the &ldquo;<B>Equity Offering</B>&rdquo;). The Company
also announces today the pricing of an offering of senior unsecured exchangeable bonds in the aggregate principal amount of EUR 500 million
(the &ldquo;<B>Bonds</B>&rdquo;), exchangeable into Shares of Heineken Holding N.V. (the &ldquo;<B>Exchangeable Offering</B>&rdquo; and
together with the Equity Offering, the <B>&ldquo;Offering</B>&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Equity Offering</B></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; text-align: justify">The Equity Offering was executed via an accelerated
bookbuild to qualified investors.</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; text-align: justify">The Equity Offering consisted of:</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: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">20,879,120 in Heineken N.V. representing 3.62% of the issued share capital at a price of EUR91.00 per
share, raising gross proceeds of approximately 1.9 billion Euros.</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: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">17,333,518 Shares in Heineken Holding N.V. representing 6.02% of the issued share capital at a price of
EUR75.00 per share, raising gross proceeds of approximately 1.3 billion Euros.</TD></TR></TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Exchangeable Offering was offered and sold
outside the United States to non-U.S. persons (as defined in Regulation S (&quot;<B>Regulation S</B>&quot;) under the U.S. Securities
Act of 1933 (the &quot;<B>U.S. Securities Act</B>&quot;)).</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; text-align: justify">The Bonds will have a maturity of 3 years (unless
previously redeemed, exchanged or purchased and cancelled) and will pay a coupon of 2.625% per annum, payable annually in arrear on February
24 of each year, beginning on February 24, 2024 and will be issued at an issue price of 100% of their principal amount (i.e. 100 thousand
Euros per Bond), resulting in an annual yield-to-maturity of 2.625% per annum. The exchange premium was set at a 27.5% premium above the
clearing price per ordinary share of Heineken Holding N.V. in the Concurrent Equity Offering. Accordingly, the initial exchange price
was set at EUR95.625 and the number of Shares in Heineken Holding N.V. underlying the Bonds at the initial exchange price is approximately
5.2m shares.</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; text-align: justify">The Company will have the option to redeem all,
but not some only, of the Bonds in certain circumstances, including from approximately 2 years after the issue date at their principal
amount (together with accrued and unpaid interest to, but excluding, the relevant date fixed for redemption) provided that the value of
the <I>pro rata</I> share of the Exchange Property in respect of a Bond shall have exceeded 130% of the principal amount of a Bond over
a specified period. If not previously exchanged or redeemed, the Bonds will be redeemed at their principal amount on the maturity date,
expected to be February 24, 2026. Upon exchange, the Company will have the flexibility to pay in cash, deliver the relevant pro rata share
of the Exchange Property (comprising the underlying Heineken Holding N.V. shares) or deliver and pay a combination thereof.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
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    <TD STYLE="width: 18%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0"><B>Investor Contact</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(52) 818-328-6000</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">investor@femsa.com.mx</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">femsa.gcs-web.com</P></TD>
    <TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 22%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Media Contact</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(52) 555-249-6843</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">comunicacion@femsa.com.mx</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">femsa.com</P></TD>
    <TD STYLE="width: 3%; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 48%; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">February 17, 2023</FONT></TD>
    <TD STYLE="width: 8%; font-size: 10pt; text-align: right">&nbsp;&nbsp;&nbsp;| &nbsp;&nbsp;Page 1&#8239;</TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

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<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; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: left; width: 50%"><IMG SRC="tm237216d2_ex99-1img001.jpg" ALT=""><B></B></TD>
  <TD STYLE="text-align: right; width: 50%"><IMG SRC="tm237216d2_ex99-1img002.jpg" ALT="" STYLE="width: 350px"><B>&nbsp;</B></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 1in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">It is intended that an application will be made
to admit the Bonds to trading on the Open Market (Freiverkehr) of the Frankfurt Stock Exchange within 90 days following the closing of
the Exchangeable Offering.</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; text-align: justify"><B>Delta Placement</B></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; text-align: justify">The Company has been advised by the Joint Bookrunners
(as defined below) that the Joint Bookrunners have organised a simultaneous placement of existing Heineken Holding N.V. shares on behalf
of certain subscribers of the Bonds who wish to sell these shares in short sales to purchasers procured by the Joint Bookrunners in order
to hedge the market risk to which the subscribers are exposed with respect to the Bonds that they acquire in the Exchangeable Offering
(the &ldquo;<B>Delta Placement</B>&rdquo;). The placement price for the existing Heineken Holding N.V. shares sold in the Delta Placement
was EUR75.00 as determined via an accelerated bookbuilding process that was carried out by the Joint Bookrunners concurrently with the
Equity Offering (together with the Equity Offering, the &ldquo;<B>Concurrent Equity Offering</B>&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; text-align: justify">The Company has not received and will not receive
any proceeds, directly or indirectly, from any existing Heineken Holding N.V. shares sold pursuant to the Delta Placement.</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; text-align: justify">Subscribers of Bonds on whose behalf the Delta
Placement is organised will bear all costs associated therewith and any and all customary broking commissions.</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; text-align: justify">Any offer or sale of existing shares in the Heineken
Group in the Concurrent Equity Offering was made (A) (i) outside the United States in offshore transactions in reliance on Rule 903 of
Regulation S under the U.S. Securities Act or (ii) within the United States to qualified institutional buyers (as defined in Rule 144A
under the U.S. Securities Act) pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the
U.S. Securities Act, and (B) with respect to sales in the EEA or the UK, to qualified investors as defined in the Prospectus Regulation
(as defined below).</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; text-align: justify">The Company and its subsidiaries are subject to
lock-up undertakings ending 90 days after the closing of the Exchangeable Offering, subject to customary exceptions, as well as waiver
by the Joint Bookrunners.</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; text-align: justify">The Company and its subsidiaries are subject to
similar lock-up undertakings in the context of the Equity Offering.</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; text-align: justify"><B>Use of Proceeds</B></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; text-align: justify">The Company will use the proceeds of the Offering
for general corporate purposes and liability management exercises.</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; text-align: justify"><B>Bookbuilding Process</B></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">Settlement of the Equity Offering is expected to take place on February
21, 2023 with respect to all subscribers other than Heineken N.V. and Heineken Holding N.V. and February 24, 2023 with respect to Heineken
N.V. and Heineken Holding N.V. as subscribers. The Exchangeable Offering is expected to close on February 24, 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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 18%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0"><B>Investor Contact</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(52) 818-328-6000</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">investor@femsa.com.mx</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">femsa.gcs-web.com</P></TD>
    <TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 22%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Media Contact</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(52) 555-249-6843</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">comunicacion@femsa.com.mx</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">femsa.com</P></TD>
    <TD STYLE="width: 3%; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 48%; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">February 17, 2023</FONT></TD>
    <TD STYLE="width: 8%; font-size: 10pt; text-align: right">&nbsp;&nbsp;&nbsp;| &nbsp;&nbsp;Page 2&#8239;</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"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: left; width: 50%"><IMG SRC="tm237216d2_ex99-1img001.jpg" ALT=""><B></B></TD>
  <TD STYLE="text-align: right; width: 50%"><IMG SRC="tm237216d2_ex99-1img002.jpg" ALT="" STYLE="width: 350px"><B>&nbsp;</B></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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></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; text-align: justify">The Securities have not been and will not be registered
under the U.S. Securities Act and may not be offered or sold in the United States or, in the case of the Bonds or the shares to be delivered
upon exchange of the Bonds, to U.S. persons, absent registration under the U.S. Securities Act or pursuant to an available exemption from,
or in a transaction not subject to, the registration requirements of the U.S. Securities Act.</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; text-align: justify">No action has been taken by the Company, the joint
bookrunners of the offering (the &ldquo;<B>Joint Bookrunners</B>&rdquo;) or any of their respective affiliates that would permit an offering
of the Bonds, the Shares or the existing Heineken Holding N.V. shares sold in the Delta Placement (together, the &ldquo;<B>Securities</B>&rdquo;)
or possession or distribution of this announcement or any offering or publicity material relating to the Securities in any jurisdiction
where action for that purpose is required. The distribution of this announcement and the offer and sale of the Securities in certain jurisdictions
may be restricted by law. Persons into whose possession this announcement or other information referred to herein comes are required by
the Company and the Joint Bookrunners to inform themselves about, and to observe, any such restrictions.</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; text-align: justify">The Securities are not being offered to the public
in any jurisdiction and may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration
of any prospectus or offering document relating to the Securities in such jurisdiction. This announcement is not an offer of securities
or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction where such offer or solicitation
would be unlawful. This announcement does not contain or constitute an offer for sale or the solicitation of an offer to purchase securities
in the United States, Australia, Canada, Japan or South Africa or in any jurisdiction in which such offer or solicitation is unlawful.
There will be no public offer of the Securities in the United States, Australia, Canada, Japan or South Africa. No action has been taken
by FEMSA, the Joint Bookrunners or any of their respective affiliates to permit a public offering of the Securities or possession or distribution
of this announcement in any jurisdiction where action for that purpose is required. Neither this announcement nor anything contained herein
shall form the basis of, or be relied upon in connection with, any offer or purchase whatsoever in any jurisdiction and shall not constitute
or form part of an offer to sell or the solicitation of an offer to buy any securities in the United States or in any other jurisdiction.</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; text-align: justify">This announcement does not comprise a prospectus
for the purposes of the Prospectus Regulation (as defined below) and/or Part VI of the Financial Services and Markets Act 2000 of the
United Kingdom or otherwise and has not been approved by the Dutch Authority for the Financial Markets (<I>Stichting Autorireit Financi&euml;le
Markten</I>) or any other European securities supervisory authority. It is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgement. It is not intended as investment advice and under no circumstances is it to
be used or considered as an offer to sell to, or a solicitation of an offer to buy any security nor is it a recommendation to buy or sell
any security.</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; text-align: justify">This announcement and the offering when made are
only addressed to, and directed in, member states of the European Economic Area (the &ldquo;<B>EEA</B>&rdquo;) (each, a &ldquo;<B>Member
State</B>&rdquo;) and the United Kingdom, at persons who are &ldquo;qualified investors&rdquo; within the meaning of the Prospectus Regulation
(&ldquo;<B>Qualified Investors</B>&rdquo;) or to and at other persons to whom the offering can otherwise be made pursuant to available
exemptions under the Prospectus Regulation. For these purposes, the expression &quot;Prospectus Regulation&quot; means Regulation (EU)
2017/1129, as amended and Regulation (EU) 2017/1129 as it forms part of United Kingdom domestic law by virtue of the European Union (Withdrawal)
Act 2018 (the &ldquo;<B>EUWA</B>&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; text-align: justify">Solely for the purposes of the product governance
requirements contained within: (a) EU Directive 2014/65/EU on Markets in Financial Instruments, as amended (&ldquo;<B>MiFID II</B>&rdquo;);
(b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; (c) local implementing measures in the EEA;
(d) Regulation (EU) No 600/2014 as it forms part of United Kingdom domestic law by virtue of the EUWA (&ldquo;<B>UK MiFIR</B>&rdquo;);
and (e) the FCA Handbook Product Intervention and Product Governance Sourcebook (together, the &ldquo;<B>Product Governance Requirements</B>&rdquo;),
and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any &ldquo;Manufacturer&rdquo; (for the purposes
of the Product Governance Requirements) may otherwise have with respect thereto, the Bonds have been subject to a product approval process,
which has determined that: (i) the target market for the Bonds is (a) in the EEA, eligible counterparties and professional clients only,
each as defined in MiFID II and (b) in the United Kingdom, eligible counterparties (as defined in the FCA Handbook Conduct of Business
Sourcebook) and professional clients (as defined in UK MiFIR); and (ii) all channels for distribution of the Bonds to eligible counterparties
and professional clients are appropriate. Any person subsequently offering, selling or recommending the Bonds (a &quot;<B>distributor</B>&quot;)
should take into consideration the Manufacturers&rsquo; target market assessment; however, a distributor subject to MiFID II or the Product
Governance Requirements is responsible for undertaking its own target market assessment in respect of the Bonds (by either adopting or
refining the Manufacturers&rsquo; target market assessment) and determining appropriate distribution channels.</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; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 18%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0"><B>Investor Contact</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(52) 818-328-6000</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">investor@femsa.com.mx</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">femsa.gcs-web.com</P></TD>
    <TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 22%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Media Contact</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(52) 555-249-6843</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">comunicacion@femsa.com.mx</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">femsa.com</P></TD>
    <TD STYLE="width: 3%; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 48%; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">February 17, 2023</FONT></TD>
    <TD STYLE="width: 8%; font-size: 10pt; text-align: right">&nbsp;&nbsp;&nbsp;| &nbsp;&nbsp;Page 3&#8239;</TD></TR>
  </TABLE>
<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; text-align: justify"></P>

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<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; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: left; width: 50%"><IMG SRC="tm237216d2_ex99-1img001.jpg" ALT=""><B></B></TD>
  <TD STYLE="text-align: right; width: 50%"><IMG SRC="tm237216d2_ex99-1img002.jpg" ALT="" STYLE="width: 350px"><B>&nbsp;</B></TD></TR>
</TABLE>
<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; text-align: justify">The target market assessment is without prejudice
to the requirements of any contractual or legal selling restrictions in relation to any offering of the Bonds.</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; text-align: justify">For the avoidance of doubt, the target market
assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II or UK MiFIR; or (b) a
recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the
Bonds.</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; text-align: justify">The Bonds are not intended to be offered, sold
or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA or the United
Kingdom. For these purposes, a retail investor means (a) in the EEA, a person who is one (or more) of: (i) a retail client as defined
in point (11) of Article 4(1) of MiFID II; or (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would
not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II and (b) in the United Kingdom, a person who
is one (or more) of (i) a retail client, as defined in point (8) of Article 2 of Regulation (EU) no 2017/565 as it forms part of United
Kingdom domestic law by virtue of the EUWA or (ii) a customer within the meaning of the provisions of the Financial and Services and Markets
Act 2000 (the &ldquo;<B>FMSA</B>&rdquo;) and any rules or regulations made under the FSMA to implement Directive (EU) 2016/97, where that
customer would not qualify as a professional client, as defined in point (8) of Article 2(1) of Regulation (EU) no 600/2014 as it forms
part of United Kingdom domestic law by virtue of the EUWA.</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; text-align: justify">Consequently, no key information document required
by Regulation (EU) No 1286/2014, as amended (the &quot;<B>PRIIPs Regulation</B>&quot;) or the PRIIPs Regulation as it forms part of United
Kingdom domestic law by virtue of the EUWA (the &ldquo;<B>UK PRIIPs Regulation</B>&rdquo;) for offering or selling the Bonds or otherwise
making them available to retail investors in the EEA or the United Kingdom has been prepared and therefore offering or selling the Bonds
or otherwise making them available to any retail investor in the EEA or the United Kingdom may be unlawful under the PRIIPs Regulation
and/or the UK PRIIPs Regulation.</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; text-align: justify">In addition, in the United Kingdom, this announcement
is being distributed only to, and is directed only at, Qualified Investors who are persons who have professional experience in matters
relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005,
as amended (the &ldquo;<B>Order</B>&rdquo;) or who are high-net-worth entities and other persons to whom it may otherwise lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as &ldquo;<B>Relevant Persons</B>&rdquo;).
This announcement is directed only at Relevant Persons and must not be acted on or relied on (i) in the United Kingdom, by persons who
are not Relevant Persons, and (ii) in a Member State of the EEA, by persons who are not Qualified Investors. Any investment or investment
activity to which this announcement relates is available only to (a) Relevant Persons in the United Kingdom and will be engaged in only
with Relevant Persons in the United Kingdom and (b) Qualified Investors in Member States of the EEA. Any person in the United Kingdom
who is not a Relevant Person should not act or rely on this announcement or any of its contents.</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; text-align: justify">This announcement has not been and will not be
registered as a prospectus with the Monetary Authority of Singapore. Accordingly, this announcement and any other document or material
in connection with the offer or sale, or invitation for subscription or purchase, of the Bonds may not be circulated or distributed, nor
may the Bonds be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly,
to any person in Singapore other than (i) to an institutional investor (as defined in Section 4A of the Securities and Futures Act 2001
of Singapore, as modified or amended from time to time (the &ldquo;<B>SFA</B>&rdquo;)) pursuant to Section 274 of the SFA, (ii) to a relevant
person (as defined in Section 275(2) of the SFA) pursuant to Section 275(1) of the SFA, or any person pursuant to Section 275(1A) of the
SFA, and in accordance with the conditions specified in Section 275 of the SFA, or (iii) otherwise pursuant to, and in accordance with
the conditions of, any other applicable provision of the SFA.</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; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 18%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0"><B>Investor Contact</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(52) 818-328-6000</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">investor@femsa.com.mx</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">femsa.gcs-web.com</P></TD>
    <TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 22%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Media Contact</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(52) 555-249-6843</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">comunicacion@femsa.com.mx</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">femsa.com</P></TD>
    <TD STYLE="width: 3%; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 48%; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">February 17, 2023</FONT></TD>
    <TD STYLE="width: 8%; font-size: 10pt; text-align: right">&nbsp;&nbsp;&nbsp;| &nbsp;&nbsp;Page 4&#8239;</TD></TR>
  </TABLE>
<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; text-align: justify"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<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; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: left; width: 50%"><IMG SRC="tm237216d2_ex99-1img001.jpg" ALT=""><B></B></TD>
  <TD STYLE="text-align: right; width: 50%"><IMG SRC="tm237216d2_ex99-1img002.jpg" ALT="" STYLE="width: 350px"><B>&nbsp;</B></TD></TR>
</TABLE>
<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; text-align: justify">Singapore SFA Product Classification: In connection
with Section 309B of the SFA&nbsp;and the Securities and Futures (Capital Markets Products) Regulations 2018 of Singapore (the&nbsp;&ldquo;<B>CMP
Regulations 2018</B>&rdquo;), the Company has determined, and hereby notifies all relevant persons (as defined in Section 309A(1) of the
SFA),&nbsp;that the Bonds&nbsp;are &lsquo;prescribed capital markets products&rsquo; (as defined in the CMP Regulations 2018)&nbsp;and
Excluded Investment Products (as defined in MAS Notice SFA 04-N12: Notice on the Sale of Investment Products and MAS Notice FAA-N16: Notice
on Recommendations on Investment Products).</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; text-align: justify">The Bonds have not been and will not be registered
with the Mexican National Banking and Securities Commission (<I>Comisi&oacute;n Nacional Bancaria y de Valores</I>, or &ldquo;<B>CNBV</B>&rdquo;),
and therefore, may not be publicly offered or sold in Mexico; the Bonds, however, may be offered or sold in Mexico, on a private placement
basis, solely to investors that qualify as institutional or accredited investors, as defined under Mexican law, pursuant to the private
placement exemption set forth in Article 8 of the Mexican Securities Market Law and regulations thereunder. The terms and conditions of
the Bonds will be notified by the Company to the CNBV as required under applicable law for statistical and information purposes only.
The delivery of such notice to, and the receipt thereof by, the CNBV, does not constitute or imply any certification as to the investment
quality of the Bonds, or the solvency, liquidity or credit quality of FEMSA.</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; text-align: justify">Any decision to purchase any of the Securities
should only be made on the basis of an independent review by a prospective investor of the Company&rsquo;s and the Heineken Group&rsquo;s
publicly available information. Neither the Joint Bookrunners, their respective affiliates or any of their or their respective affiliates&rsquo;
directors, officers, employees, advisers or agents accept any liability arising from the use of, or make any representation or warranty,
express or implied, as to the accuracy or completeness of, this announcement the Company&rsquo;s publicly available information, or any
other information relating to FEMSA, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form,
and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise
arising in connection therewith. The information contained in this announcement is subject to change in its entirety without notice up
to the final settlement 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; text-align: justify">No assurance can be given that the Exchangeable
Offering or the Concurrent Equity Offering will be consummated or as to the ultimate terms of the Exchangeable Offering or the Concurrent
Equity Offering. This announcement contains certain forward-looking statements that reflect the current views and/or expectations of the
Company and its management with respect to its performance, business and future events. We use words such as &ldquo;believe,&rdquo; &ldquo;anticipate,&rdquo;
 &ldquo;plan,&rdquo; &ldquo;expect,&rdquo; &ldquo;intend,&rdquo; &ldquo;target,&rdquo; &ldquo;estimate,&rdquo; &ldquo;project,&rdquo; &ldquo;predict,&rdquo;
 &ldquo;forecast,&rdquo; &ldquo;guideline,&rdquo; &ldquo;should&rdquo; and other similar expressions to identify forward-looking statements,
but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions.
We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations,
estimates and intentions expressed in this release. FEMSA is under no obligation and expressly disclaims any intention or obligation to
update revise any forward-looking statements, whether as a result of new information, future events or otherwise.</P>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 18%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0.25in 0pt 0"><B>Investor Contact</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(52) 818-328-6000</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">investor@femsa.com.mx</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">femsa.gcs-web.com</P></TD>
    <TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 22%">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Media Contact</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(52) 555-249-6843</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">comunicacion@femsa.com.mx</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">femsa.com</P></TD>
    <TD STYLE="width: 3%; font-size: 10pt; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 48%; font-size: 10pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">February 17, 2023</FONT></TD>
    <TD STYLE="width: 8%; font-size: 10pt; text-align: right">&nbsp;&nbsp;&nbsp;| &nbsp;&nbsp;Page 5&#8239;</TD></TR>
  </TABLE>
<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; text-align: justify"></P>

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

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
