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<SEC-DOCUMENT>0000891092-10-001808.txt : 20100504
<SEC-HEADER>0000891092-10-001808.hdr.sgml : 20100504
<ACCEPTANCE-DATETIME>20100504113941
ACCESSION NUMBER:		0000891092-10-001808
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20100504
FILED AS OF DATE:		20100504
DATE AS OF CHANGE:		20100504

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GROUP SIMEC SA DE CV
		CENTRAL INDEX KEY:			0000887153
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES  ROLLING MILLS (COKE OVENS) [3312]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11176
		FILM NUMBER:		10795701

	BUSINESS ADDRESS:	
		STREET 1:		CALZADA LAZARO CARDENAS 601
		CITY:			44910 GUADALAJARA JA
		STATE:			O5
		ZIP:			10022

	MAIL ADDRESS:	
		STREET 1:		CALZADA LAZARO CARDENAS
		CITY:			GUADALAJARA JALISCO
		STATE:			O5
		ZIP:			999999999
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>e38653-6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<HEAD>
   <TITLE></TITLE>
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<BODY bgcolor="#ffffff" style="font-family: 'Times New Roman';font-size: 10pt;">
<P style="text-align: center;"> <B>UNITED STATES</B><BR>
<B>SECURITIES AND EXCHANGE COMMISSION</B><BR>
<B>Washington, D.C. 20549</B></P>
<P style="text-align: center;"> <B>FORM 6-K</B></P>
<P style="text-align: center;"> <B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 <br>
  UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>
<P style="text-align: center;"> <B>COMMISSION FILE NUMBER 1-11176</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR valign="bottom">
    <TD align=left width="46%">
      <div align="left">For the month of     </div>
    </TD>
    <TD align=left width="54%">May, 2010.
</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left width="46%" colspan="2">
      <hr size="1" noshade width="87%" align="right">
    </TD>
  </TR>
</TABLE>
<div align="center"><br>
  Group Simec, Inc. </div>
<hr align="center" size="1" noshade>
<div align="center">
  (Translation of Registrant&#146;s Name Into English) <br>
  <br>
</div>
<div align="center">Av. Lazaro Cardenas 601, Colonia la Nogalera, Guadalajara,
  Jalisco, Mexico 44440 </div>
<hr align="center" size="1" noshade>
<div align="center">(Address of principal executive office) </div>
<P style="text-align: left;"> Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</P>
<TABLE width=100% border=0 cellpadding="0" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR valign="bottom">
    <TD width=7% align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD width=10% align=left> Form 20-F</TD>
    <TD width=7% align=left>|X|</TD>
    <TD width=10% align=left> Form 40-F</TD>
    <TD align=left>|_|</TD>
  </TR>
</TABLE>
<P style="text-align: left;"> Indicate by check mark whether the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1)</P>
<TABLE width=100% border=0 cellpadding="0" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR valign="bottom">
    <TD width=7% align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD width=10% align=left> Yes</TD>
    <TD width=7% align=left>|_|</TD>
    <TD width=10% align=left> No</TD>
    <TD align=left>|X|</TD>
  </TR>
</TABLE>
<P style="text-align: left;"> Indicate by check mark whether the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)</P>
<TABLE width=100% border=0 cellpadding="0" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR valign="bottom">
    <TD width=7% align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD width=10% align=left> Yes</TD>
    <TD width=7% align=left>|_|</TD>
    <TD width=10% align=left> No</TD>
    <TD align=left>|X|</TD>
  </TR>
</TABLE>
<P style="text-align: left;"> Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</P>
<TABLE width=100% border=0 cellpadding="0" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR valign="bottom">
    <TD width=7% align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD width=10% align=left> Yes</TD>
    <TD width=7% align=left>|_|</TD>
    <TD width=10% align=left> No</TD>
    <TD align=left>|X|</TD>
  </TR>
</TABLE>
<P style="text-align: left;"> (If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): <br>
  82-_______________________.)</P>
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<P style="text-align: left;"> SIGNATURE</P>
<P style="text-align: left;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
<P style="text-align: center;">&nbsp; </P>
<TABLE width=100% border=0 cellpadding="0" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR valign="bottom">
    <TD width=64% align=left>&nbsp;</TD>
    <TD colspan="3" align=left><div align="center">GRUPO SIMEC, S.A.B. de C.V.<br>
        <hr size="1" noshade>
        (Registrant)</div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD width=2% align=left>&nbsp;</TD>
    <TD align=left colspan=2>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Date: May 4, 2010.</TD>
    <TD align=left> By:</TD>
    <TD align=left colspan=2> /s/ Luis Garc&iacute;a Lim&oacute;n</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD colspan="2" align=left><hr size="1" noshade></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD width=3% align=left> Name:</TD>
    <TD width=31% align=left> Luis Garc&iacute;a Lim&oacute;n</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left> Title:</TD>
    <TD align=left> Chief Executive Officer</TD>
  </TR>
</TABLE>
<BR>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>e38653ex99-1.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
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<HEAD>
   <TITLE></TITLE>
</HEAD>

<BODY bgcolor="#ffffff" style="font-family: 'Times New Roman';font-size: 10pt;">
<p align="right">Exhibit 99.1</p>
<p> <IMG src="a38653x3x1.jpg" border=0> <BR>
</p>
<TABLE width=100% border=0 cellpadding="0" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR valign="bottom">
    <TD width=35% align=left> <B>PRESS RELEASE</B></TD>
    <TD colspan="2" align=left> Contact: Sergio Vigil Gonz&aacute;lez</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD width=5% align=left>&nbsp; </TD>
    <TD width=60% align=left style="TEXT-INDENT:9.000000px"> Adolfo Luna Luna</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left style="TEXT-INDENT:9.000000px"> Grupo Simec, S.A.B. de C.V.</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left style="TEXT-INDENT:9.000000px"> Calzada L&aacute;zaro C&aacute;rdenas
      601</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left style="TEXT-INDENT:9.000000px"> 44440 Guadalajara, Jalisco,
      M&eacute;xico</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left style="TEXT-INDENT:9.000000px"> 52 55 1165 1025</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left style="TEXT-INDENT:9.000000px"> 52 33 3770 6734</TD>
  </TR>
</TABLE>
<P style="text-align: left;"> <B>GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST THREE MONTHS OF 2010</B></P>
<P style="text-align: left;"> GUADALAJARA, MEXICO, April 28, 2010- Grupo Simec, S.A.B. de C.V. (AMEX: SIM) (&#147;Simec&#148;) announced today its results of operations for the three-month period ended March 31, 2010.</P>
<P style="text-align: left;"> <B>Comparative first quarter 2010 vs. first quarter 2009</B></P>
<P style="text-align: left;"> <B><I>Net Sales</I></B></P>
<P style="text-align: left;"> Net sales increased 26% to Ps. 6,393 million in the first quarter 2010 compared to Ps. 5,081 million in the same period 2009. Shipments of finished steel products increased 19% to 604 thousand tons in the first quarter 2010 compared to 506 thousand tons in the same period 2009. Total sales outside of Mexico in the first quarter 2010 increased 52% to Ps. 3,380 million compared to Ps. 2,222 million in the same period 2009, while total Mexican sales increased 5% from Ps. 2,859 million in the first quarter 2009 to Ps. 3,013 million in the same period 2010. The increase in sales can be explained due to major shipments during the first quarter 2010, compared to the same period of 2009 (a 98 thousand tons increase). The average price of steel products increased 5.4% in the first quarter 2010 compared with the same period of 2009.</P>
<P style="text-align: left;"> <B><I>Direct Cost of Sales</I></B></P>
<P style="text-align: left;"> Direct cost of sales increased 28% to Ps. 5,269 million in the first quarter 2010 from Ps. 4,111 million in the same period 2009. Direct cost of sales as a percentage of net sales represented 81% in the first quarter 2009 compared to 82% in the same period 2010. The average cost of raw materials used to produce steel products in the first quarter of 2010 increased 7% compared to the same period of 2009.</P>
<P style="text-align: left;"> <B><I>Marginal Profit</I></B></P>
<P style="text-align: left;"> Marginal profit in the first quarter 2010 was Ps. 1,124 million compared to Ps. 970 million in the same period 2009, an increase of 16%. Marginal profit as a percentage of net sales in the first quarter 2010 was 18% compared to 19% in the same period 2009. The increase in marginal profit is due to major shipments of 19% during the first quarter 2010 compared with the same period of 2009.</P>
<P style="text-align: left;"> <B><I>Operating Expenses</I></B></P>
<P style="text-align: left;"> Operating expenses fell 12% to Ps. 512 million in the first quarter 2010 compared to Ps. 585 million in the same period 2009, and represented 8% and 12% of net sales in the first quarter 2010 and the same period of 2009 respectively.</P>
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<P style="text-align: left;"> <B><I>Operating Income</I></B></P>
<P style="text-align: left;">Operating income increased 59% to Ps. 612 million
  for the first quarter 2010 compared to Ps. 385 million in the same period 2009.
  Operating income as a percentage of net sales was 10% in the first quarter 2010
  compared to 8% in the same period 2009. The increase in operating income is
  due to major shipments of 19% during the first quarter 2010 compared with the
  same period of 2009.</P>
<P style="text-align: left;"> <B><I>Comprehensive Financial Cost</I></B></P>
<P style="text-align: left;"> Comprehensive financial cost in the first quarter 2009 represented an income of Ps. 60 million compared with an expense of Ps. 24 million in the same period 2010. Net interest expense was Ps. 4 million in the first quarter 2009 compared with a gain of Ps. 3 million in the same period 2010. At the same time, we registered an exchange gain of Ps. 64 million in the first quarter 2009 compared with an exchange loss of Ps. 27 million in the same period 2010, reflecting a 4.55% revaluation of the peso versus the dollar in the first quarter 2010 compared to the same period of 2009.</P>
<P style="text-align: left;"> <B><I>Other Expenses (Income) net</I></B></P>
<P style="text-align: left;"> The company recorded other income net of Ps. 2 million in the first quarter 2009 compared to other income net of Ps. 10 million in the same period 2010.</P>
<P style="text-align: left;"> <B><I>Income Taxes</I></B></P>
<P style="text-align: left;"> Income Taxes recorded a provision of Ps. 7 million in the first quarter 2009 (including the provision of Ps. 167 million of deferred income taxes) compared to Ps. 21 million in the same period of 2010 (including the benefits of Ps. 2 million of deferred income taxes).</P>
<P style="text-align: left;"> <B><I>Net Income</I></B></P>
<P style="text-align: left;"> As a result of the foregoing, net income increased 31% to Ps. 577 million in the first quarter 2010 from Ps. 440 million in the same period 2009.</P>
<P style="text-align: left;"> <B><I>Liquidity and Capital Resources</I></B></P>
<P style="text-align: left;"> As of March 31, 2010, Simec&#146;s total consolidated debt consisted of U.S. &#36;302,000 of 8 7/8% medium-term notes (&#147;MTN&#146;s&#148;) due 1998, or Ps. 3.7 million (accrued interest on March 31, 2010 was U.S. &#36;425,189, or Ps. 5.3 million). As of December 31, 2009, Simec&#146;s total consolidated debt consisted of U.S. &#36;302,000 of 8 7/8% medium-term notes (&#147;MTN&#146;s&#148;) due 1998 (accrued interest on December 31, 2009 was U.S. &#36;418,176).</P>
<P style="text-align: left;"> <B>Comparative first quarter 2010 vs fourth quarter 2009</B></P>
<P style="text-align: left;"> <B><I>Net Sales</I></B></P>
<P style="text-align: left;"> Net sales increased 26% from Ps. 5,056 million in the fourth quarter 2009 to Ps. 6,393 million in the first quarter 2010. Sales in tons of finished steel increased 14% to 604 thousand tons in the first quarter 2010 compared with 531 thousand tons in the fourth quarter 2009. The total sales outside of Mexico for the first quarter 2010 increased 18% to Ps. 3,380 million compared with Ps. 2,864 million for the fourth quarter 2009. Total Mexican sales increased 37% from Ps. 2,192 million in the fourth quarter 2009 to Ps. 3,013 million in the first quarter 2010. Prices of finished products sold in the first quarter 2010 increased 11% compared to the fourth quarter 2009.</P>
<P style="text-align: left;"> <B><I>Direct Cost of Sales</I></B></P>
<P style="text-align: left;"> Direct cost of sales was similar in the fourth quarter 2009 from Ps. 5,279 million to Ps. 5,269 million in the first quarter 2010. With respect to sales, in the first quarter 2010, the direct cost of sales represents 82% compared to 104% for the fourth quarter 2009. The average cost of raw materials used to produce steel products decreased 12% in the first quarter 2010 versus the fourth quarter 2009, primarily as a result of decreases in the price of scrap and certain other raw materials.</P>
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<P style="TEXT-ALIGN: left"><B><I>Marginal Profit (Loss) </I></B></P>
<P style="TEXT-ALIGN: left">Marginal profit for the first quarter 2010 increased to Ps. 1,124 million compared with the loss profit of Ps. 223 million in the fourth quarter 2009. The marginal profit as a percentage of net sales for the first quarter 2010 was 18% compared with a loss of 4% for the fourth quarter of 2009. The increase in marginal profit is due to the decrease in the cost of raw materials used to produce steel products and increase of shipments.</P>
<P style="TEXT-ALIGN: left"><B><I>Operating Expenses</I></B></P>
<P style="TEXT-ALIGN: left">Operating expenses increased to Ps. 512 million in the first quarter 2010 versus Ps. 505 million in the fourth quarter 2009. Operating expenses as a percentage of net sales represented 8% during the first quarter 2010 and 10% the fourth quarter 2009.</P>
<P style="TEXT-ALIGN: left"><B><I>Operating Income (Loss) </I></B></P>
<P style="TEXT-ALIGN: left">Operating income was Ps. 612 million in the first quarter 2010 compared to Ps. 728 million of operating loss in the fourth quarter 2009. The operating income as a percentage of net sales in the first quarter 2010 was 10% compared to a operating loss of 14% in the fourth quarter 2009. The increase in operating income is due to the decrease in the cost of raw materials used to produce steel products and the major shipments in the first quarter 2010.</P>
<P style="TEXT-ALIGN: left"><B><I>Comprehensive Financial Cost</I></B></P>
<P style="TEXT-ALIGN: left">Comprehensive financial cost for the first quarter 2010 represented an expense of Ps. 24 million compared with an expense of Ps. 38 million for the fourth quarter 2009. Net interest income was Ps. 3 million in the first quarter 2010 compared with Ps. 7 million of net interest income in the fourth quarter 2009. At the same time we registered an exchange loss of Ps. 27 million in the first quarter 2010 compared with an exchange loss of Ps. 45 million in the fourth quarter 2009.</P>
<P style="TEXT-ALIGN: left"><B><I>Other Expenses (Income) net</I></B></P>
<P style="TEXT-ALIGN: left">The company recorded other income net of Ps. 10 million in the first quarter 2010 compared with other income net of Ps. 27 million for the fourth quarter 2009.</P>
<P style="TEXT-ALIGN: left"><B><I>Income Taxes</I></B></P>
<P style="TEXT-ALIGN: left">Income Taxes for the first quarter 2010 was an expense of Ps. 21 million compared to Ps. 727 million of income for the fourth quarter 2009.</P>
<P style="TEXT-ALIGN: left"><B><I>Net Income (Loss)</I></B></P>
<P style="TEXT-ALIGN: left">As a result of the foregoing, net income was Ps. 577 million in the first quarter 2010 compared to Ps. 12 million of net loss in the fourth quarter 2009.</P>
<TABLE width="100%" border=1 cellpadding="2" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD align=center style="TEXT-INDENT: 4px"><B>(Millions of pesos)</B></TD>
    <TD align=center><B>1Q &#145;10</B></TD>
    <TD align=center><B>1Q &#145;09</B></TD>
    <TD align=center><B>4Q &#145;09</B></TD>
    <TD align=center><B>1Q &#145;10 vs<br>
      1Q &#145;09</B></TD>
    <TD align=center><B>1Q &#145;10 vs<br>
      4Q &#145;09</B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>Sales</TD>
    <TD align=right>6,393</TD>
    <TD align=right>5,081</TD>
    <TD align=right>5,056</TD>
    <TD align=right>26%</TD>
    <TD align=right>26%</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>Cost of Sales</TD>
    <TD align=right>5,269</TD>
    <TD align=right>4,111</TD>
    <TD align=right>5,279</TD>
    <TD align=right>28%</TD>
    <TD align=right>0%</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>Marginal Profit</TD>
    <TD align=right>1,124</TD>
    <TD align=right>970</TD>
    <TD align=right>(223)</TD>
    <TD align=right>16%</TD>
    <TD align=right>604%</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>Operating Expenses</TD>
    <TD align=right>512</TD>
    <TD align=right>585</TD>
    <TD align=right>505</TD>
    <TD align=right>(12%)</TD>
    <TD align=right>1%</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>Operating Income (Loss)</TD>
    <TD align=right>612</TD>
    <TD align=right>385</TD>
    <TD align=right>(728)</TD>
    <TD align=right>59%</TD>
    <TD align=right>184%</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>EBITDA</TD>
    <TD align=right>870</TD>
    <TD align=right>660</TD>
    <TD align=right>36</TD>
    <TD align=right>32%</TD>
    <TD align=right>2,317%</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>Net Profit</TD>
    <TD align=right>577</TD>
    <TD align=right>440</TD>
    <TD align=right>(12)</TD>
    <TD align=right>31%</TD>
    <TD align=right>4,908%</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>Sales outside Mexico</TD>
    <TD align=right>3,380</TD>
    <TD align=right>2,222</TD>
    <TD align=right>2,864</TD>
    <TD align=right>52%</TD>
    <TD align=right>18%</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>Sales in M&#233;xico</TD>
    <TD align=right>3,013</TD>
    <TD align=right>2,859</TD>
    <TD align=right>2,192</TD>
    <TD align=right>5%</TD>
    <TD align=right>37%</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>Total sales (tons)</TD>
    <TD align=right>604</TD>
    <TD align=right>506</TD>
    <TD align=right>531</TD>
    <TD align=right>19%</TD>
    <TD align=right>14%</TD>
  </TR>
</TABLE>
<BR>
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<TABLE width="100%" border=1 cellpadding="2" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD style="TEXT-INDENT: 7px" align=center><B>Product</B></TD>
    <TD align=center><B>Thousands</B><br>
       <b>of tons</b><B><br>
      1Q &#145;10</B></TD>
    <TD align=center><B>Millions of</B><br>
       <b>pesos</b><B><br>
      1Q &#145;10</B></TD>
    <TD align=center><B>Average</B><BR>
       <B>price per</B><BR>
       <B>ton
      1Q &#145;10</B></TD>
    <TD align=center><B>Thousands</B><br>
       <b>of tons</b><B><br>
      1Q &#145;09</B></TD>
    <TD align=center><B>Millions</B><br>
       <b>of pesos</b><B><br>
      1Q &#145;09</B></TD>
    <TD align=center><B>Average</B><br>
       <b>price per</b><br>
       <b>ton</b><B><br>
      1Q &#145;09</B></TD>
    <TD align=center><B>Thousands</B><br>
       <b>of tons</b><B><br>
      4Q &#145;09</B></TD>
    <TD align=center><B>Millions</B><br>
       <b>of pesos</b><B><br>
      4Q &#145;09</B></TD>
    <TD align=center><B>Average</B><br>
       <b>price per</b><br>
       <b>ton</b><B><br>
      4Q &#145;09</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left><B>Commercial <br>
      Profiles</B></TD>
    <TD align=right>284</TD>
    <TD align=right>2,488</TD>
    <TD align=right>12,203</TD>
    <TD align=right>283</TD>
    <TD align=right>2,412</TD>
    <TD align=right>8,526</TD>
    <TD align=right>236</TD>
    <TD align=right>1,719</TD>
    <TD align=right>7,283</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left><B>Special Profiles</B></TD>
    <TD align=right>320</TD>
    <TD align=right>3,905</TD>
    <TD align=right>8,760</TD>
    <TD align=right>223</TD>
    <TD align=right>2,668</TD>
    <TD align=right>11,964</TD>
    <TD align=right>295</TD>
    <TD align=right>3,337</TD>
    <TD align=right>11,313</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left><B>Total</B></TD>
    <TD align=right>604</TD>
    <TD align=right>6,393</TD>
    <TD align=right>10,584</TD>
    <TD align=right>506</TD>
    <TD align=right>5,081</TD>
    <TD align=right>10,041</TD>
    <TD align=right>531</TD>
    <TD align=right>5,056</TD>
    <TD align=right>9,522</TD>
  </TR>
</TABLE>
<P style="TEXT-ALIGN: left"><I>Any forward-looking information contained herein is inherently subject to various risks, uncertainties and assumptions which, if incorrect, may cause actual results to vary materially from those anticipated, expected or estimated. The company assumes no obligation to update any forward-looking information contained herein.</I></P>
<HR align=center width="100%" noshade SIZE=5>
<!-- *************************************************************************** -->
<DIV title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></DIV>
<!-- -->
<BR>
<P style="TEXT-ALIGN: center"><B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="TEXT-ALIGN: center"><B>CONSOLIDATED FINANCIAL STATEMENT</B><BR>
AT MARCH 31 OF 2010 AND 2009<BR>
(thousands of Mexican pesos)</P>
<TABLE width="100%" border=1 cellpadding="2" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR align="center" vAlign=bottom>
    <TD>REF<br>
      S</TD>
    <TD valign="top">CONCEPTS</TD>
    <TD colspan="2" valign="top">CURRENT YEAR</TD>
    <TD colSpan=2 valign="top">PREVIOUS YEAR</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align="center">AMOUNT</TD>
    <TD align="center">%</TD>
    <TD align="center">AMOUNT</TD>
    <TD align="center">%</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right><B>s01</B></TD>
    <TD align=left><B>TOTAL ASSETS</B></TD>
    <TD align=right><B>27,449,233</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>31,722,335</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right><B>s02</B></TD>
    <TD align=left><B>CURRENT ASSETS</B></TD>
    <TD align=right><B>13,321,144</B></TD>
    <TD align=right><B>49</B></TD>
    <TD align=right><B>14,017,052</B></TD>
    <TD align=right><B>44</B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s03</TD>
    <TD align=left>CASH AND SHORT-TERM INVESTMENTS</TD>
    <TD align=right>1,915,544</TD>
    <TD align=right>7</TD>
    <TD align=right>922,014</TD>
    <TD align=right>3</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s04</TD>
    <TD align=left>ACCOUNTS AND NOTES RECEIVABLE (NET)</TD>
    <TD align=right>3,407,404</TD>
    <TD align=right>12</TD>
    <TD align=right>3,244,705</TD>
    <TD align=right>10</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s05</TD>
    <TD align=left>OTHER ACCOUNTS AND NOTES RECEIVABLE</TD>
    <TD align=right>1,488,539</TD>
    <TD align=right>5</TD>
    <TD align=right>828,807</TD>
    <TD align=right>3</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s06</TD>
    <TD align=left>INVENTORIES</TD>
    <TD align=right>6,245,142</TD>
    <TD align=right>23</TD>
    <TD align=right>8,672,727</TD>
    <TD align=right>27</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s07</TD>
    <TD align=left>OTHER CURRENT ASSETS</TD>
    <TD align=right>264,515</TD>
    <TD align=right>1</TD>
    <TD align=right>348,799</TD>
    <TD align=right>1</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right><B>s08</B></TD>
    <TD align=left><B>LONG-TERM</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s09</TD>
    <TD align=left>ACCOUNTS AND NOTES RECEIVABLE (NET)</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right valign="top">s10</TD>
    <TD align=left>INVESTMENT IN SHARES OF NON-CONSOLIDATED<br> &nbsp;&nbsp;&nbsp;SUBSIDIARIES
      AND ASSOCIATES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s11</TD>
    <TD align=left>OTHER INVESTMENTS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right><B>s12</B></TD>
    <TD align=left><B>PROPERTY, PLANT AND EQUIPMENT (NET)</B></TD>
    <TD align=right><B>9,587,893</B></TD>
    <TD align=right><B>35</B></TD>
    <TD align=right><B>10,338,885</B></TD>
    <TD align=right><B>33</B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s13</TD>
    <TD align=left>LAND AND BUILDINGS</TD>
    <TD align=right>3,722,224</TD>
    <TD align=right>14</TD>
    <TD align=right>3,751,091</TD>
    <TD align=right>12</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s14</TD>
    <TD align=left>MACHINERY AND INDUSTRIAL EQUIPMENT</TD>
    <TD align=right>12,869,908</TD>
    <TD align=right>47</TD>
    <TD align=right>12,955,284</TD>
    <TD align=right>41</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s15</TD>
    <TD align=left>OTHER EQUIPMENT</TD>
    <TD align=right>232,483</TD>
    <TD align=right>1</TD>
    <TD align=right>231,082</TD>
    <TD align=right>1</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s16</TD>
    <TD align=left>ACCUMULATED DEPRECIATION</TD>
    <TD align=right>7,627,548</TD>
    <TD align=right>28</TD>
    <TD align=right>7,066,745</TD>
    <TD align=right>22</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s17</TD>
    <TD align=left>CONSTRUCTION IN PROGRESS</TD>
    <TD align=right>390,826</TD>
    <TD align=right>1</TD>
    <TD align=right>468,173</TD>
    <TD align=right>1</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right><B>s18</B></TD>
    <TD align=left><B>OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET)</B></TD>
    <TD align=right><B>4,398,698</B></TD>
    <TD align=right><B>16</B></TD>
    <TD align=right><B>7,244,175</B></TD>
    <TD align=right><B>23</B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right><B>s19</B></TD>
    <TD align=left><B>OTHER ASSETS</B></TD>
    <TD align=right><B>141,498</B></TD>
    <TD align=right><B>1</B></TD>
    <TD align=right><B>122,223</B></TD>
    <TD align=right><B>0</B></TD>
  </TR>
  <TR>
    <TD colSpan=6>&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right><B>s20</B></TD>
    <TD align=left><B>TOTAL LIABILITIES</B></TD>
    <TD align=right><B>7,092,796</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>9,649,026</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>
  <TR>
    <TD colSpan=6>&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right><B>s21</B></TD>
    <TD align=left><B>CURRENT LIABILITIES</B></TD>
    <TD align=right><B>4,291,458</B></TD>
    <TD align=right><B>61</B></TD>
    <TD align=right><B>5,219,041</B></TD>
    <TD align=right><B>54</B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s22</TD>
    <TD align=left>SUPPLIERS</TD>
    <TD align=right>2,303,126</TD>
    <TD align=right>32</TD>
    <TD align=right>3,090,763</TD>
    <TD align=right>32</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s23</TD>
    <TD align=left>BANK LOANS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>9,316</TD>
    <TD align=right>0</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s24</TD>
    <TD align=left>STOCK MARKET LOANS</TD>
    <TD align=right>3,764</TD>
    <TD align=right>0</TD>
    <TD align=right>4,295</TD>
    <TD align=right>0</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s103</TD>
    <TD align=left>OTHER LOANS WITH COST</TD>
    <TD align=right>774,315</TD>
    <TD align=right>11</TD>
    <TD align=right>293,883</TD>
    <TD align=right>3</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s25</TD>
    <TD align=left>TAXES PAYABLE</TD>
    <TD align=right>181,507</TD>
    <TD align=right>3</TD>
    <TD align=right>341,726</TD>
    <TD align=right>4</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s26</TD>
    <TD align=left>OTHER CURRENT LIABILITIES WITHOUT COST</TD>
    <TD align=right>1,028,746</TD>
    <TD align=right>15</TD>
    <TD align=right>1,479,058</TD>
    <TD align=right>15</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right><B>s27</B></TD>
    <TD align=left><B>LONG-TERM LIABILITIES</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s28</TD>
    <TD align=left>BANK LOANS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s29</TD>
    <TD align=left>STOCK MARKET LOANS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s30</TD>
    <TD align=left>OTHER LOANS WITH COST</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right><B>s31</B></TD>
    <TD align=left><B>DEFERRED LIABILITIES</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right><B>s32</B></TD>
    <TD align=left><B>OTHER NON-CURRENT LIABILITIES WITHOUT COST</B></TD>
    <TD align=right><B>2,801,338</B></TD>
    <TD align=right><B>39</B></TD>
    <TD align=right><B>4,429,985</B></TD>
    <TD align=right><B>46</B></TD>
  </TR>
  <TR>
    <TD colSpan=6>&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right><B>s33</B></TD>
    <TD align=left><B>CONSOLIDATED STOCKHOLDERS&#146; EQUITY</B></TD>
    <TD align=right><B>20,356,437</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>22,073,309</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>
  <TR>
    <TD colSpan=6>&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right><B>s34</B></TD>
    <TD align=left><B>MINORITY INTEREST</B></TD>
    <TD align=right><B>2,101,638</B></TD>
    <TD align=right><B>10</B></TD>
    <TD align=right><B>3,202,784</B></TD>
    <TD align=right><B>15</B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right><B>s35</B></TD>
    <TD align=left><B>MAJORITY INTEREST</B></TD>
    <TD align=right><B>18,254,799</B></TD>
    <TD align=right><B>90</B></TD>
    <TD align=right><B>18,870,525</B></TD>
    <TD align=right><B>85</B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right><B>s36</B></TD>
    <TD align=left><B>CONTRIBUTED CAPITAL</B></TD>
    <TD align=right><B>8,350,900</B></TD>
    <TD align=right><B>41</B></TD>
    <TD align=right><B>8,350,900</B></TD>
    <TD align=right><B>38</B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>S79</TD>
    <TD align=left>CAPITAL STOCK</TD>
    <TD align=right>4,142,696</TD>
    <TD align=right>20</TD>
    <TD align=right>4,142,696</TD>
    <TD align=right>19</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s39</TD>
    <TD align=left>PREMIUM ON ISSUANCE OF SHARES</TD>
    <TD align=right>4,208,204</TD>
    <TD align=right>21</TD>
    <TD align=right>4,208,204</TD>
    <TD align=right>19</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s40</TD>
    <TD align=left>CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right><B>s41</B></TD>
    <TD align=left><B>EARNED CAPITAL</B></TD>
    <TD align=right><B>9,903,899</B></TD>
    <TD align=right><B>49</B></TD>
    <TD align=right><B>10,519,625</B></TD>
    <TD align=right><B>48</B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s42</TD>
    <TD align=left>RETAINED EARNINGS AND CAPITAL RESERVES</TD>
    <TD align=right>9,645,761</TD>
    <TD align=right>47</TD>
    <TD align=right>10,052,853</TD>
    <TD align=right>46</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s44</TD>
    <TD align=left>OTHER ACCUMULATED COMPREHENSIVE RESULT</TD>
    <TD align=right>258,138</TD>
    <TD align=right>1</TD>
    <TD align=right>466,772</TD>
    <TD align=right>2</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=right>s80</TD>
    <TD align=left>SHARES REPURCHASED</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>
</TABLE>
<BR>
<HR align=center width="100%" noshade SIZE=5>
<!-- *************************************************************************** -->
<DIV title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></DIV>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>CONSOLIDATED FINANCIAL STATEMENT</B><BR>
BREAKDOWN OF MAIN CONCEPTS<BR>
(thousands of Mexican pesos)</P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="bottom">
    <TD> <b>REF<br>
      S</b> </TD>
    <TD valign="top"> <B>CONCEPTS</B> </TD>
    <TD colspan=2 align="center" valign="top"> <B>CURRENT YEAR</B> </TD>
    <TD colspan=2 align="center" valign="top"> <B>PREVIOUS YEAR</B> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align="center"> <B>AMOUNT</B></TD>
    <TD align="center"><B>%</B> </TD>
    <TD align="center"> <B>AMOUNT</B></TD>
    <TD align="center"><B>%</B> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>s03</B></TD>
    <TD align=left> <B>CASH AND SHORT-TERM INVESTMENTS</B></TD>
    <TD align=right> <B>1,915,544</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>922,014</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s46</TD>
    <TD align=left> CASH</TD>
    <TD align=right> 972,927</TD>
    <TD align=right> 51</TD>
    <TD align=right> 664,976</TD>
    <TD align=right> 72</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s47</TD>
    <TD align=left> SHORT-TERM INVESTMENTS</TD>
    <TD align=right> 942,617</TD>
    <TD align=right> 49</TD>
    <TD align=right> 257,038</TD>
    <TD align=right> 28</TD>
  </TR>
  <TR>
    <TD colspan=6 align="right">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>s07</B></TD>
    <TD align=left> <B>OTHER CURRENT ASSETS</B></TD>
    <TD align=right> <B>264,515</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>348,799</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s81</TD>
    <TD align=left> DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s82</TD>
    <TD align=left> DISCONTINUED OPERATIONS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s83</TD>
    <TD align=left> OTHER</TD>
    <TD align=right> 264,515</TD>
    <TD align=right> 100</TD>
    <TD align=right> 348,799</TD>
    <TD align=right> 100</TD>
  </TR>
  <TR>
    <TD colspan=6 align="right">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>s18</B></TD>
    <TD align=left> <B>OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET)</B></TD>
    <TD align=right> <B>4,398,698</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>7,244,175</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s48</TD>
    <TD align=left> DEFERRED EXPENSES</TD>
    <TD align=right> 2,591,121</TD>
    <TD align=right> 59</TD>
    <TD align=right> 3,050,094</TD>
    <TD align=right> 42</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s49</TD>
    <TD align=left> GOODWILL</TD>
    <TD align=right> 1,798,293</TD>
    <TD align=right> 41</TD>
    <TD align=right> 4,166,160</TD>
    <TD align=right> 58</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s51</TD>
    <TD align=left> OTHER</TD>
    <TD align=right> 9,284</TD>
    <TD align=right> 0</TD>
    <TD align=right> 27,921</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=6 align="right">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>s19</B></TD>
    <TD align=left> <B>OTHER ASSETS</B></TD>
    <TD align=right> <B>141,498</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>122,223</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s84</TD>
    <TD align=left> INTANGIBLE ASSET FROM LABOR OBLIGATIONS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 3</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s85</TD>
    <TD align=left> DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s50</TD>
    <TD align=left> DEFERRED TAXES</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s86</TD>
    <TD align=left> DISCONTINUED OPERATIONS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s87</TD>
    <TD align=left> OTHER</TD>
    <TD align=right> 141,498</TD>
    <TD align=right> 100</TD>
    <TD align=right> 122,223</TD>
    <TD align=right> 100</TD>
  </TR>
  <TR>
    <TD colspan=6 align="right">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>s21</B></TD>
    <TD align=left> <B>CURRENT LIABILITIES</B></TD>
    <TD align=right> <B>4,291,458</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>5,219,041</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s52</TD>
    <TD align=left> FOREIGN CURRENCY LIABILITIES</TD>
    <TD align=right> 2,863,780</TD>
    <TD align=right> 67</TD>
    <TD align=right> 2,853,313</TD>
    <TD align=right> 55</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s53</TD>
    <TD align=left> MEXICAN PESOS LIABILITIES</TD>
    <TD align=right> 1,427,678</TD>
    <TD align=right> 33</TD>
    <TD align=right> 2,365,728</TD>
    <TD align=right> 45</TD>
  </TR>
  <TR>
    <TD colspan=6 align="right">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>s26</B></TD>
    <TD align=left> <B>OTHER CURRENT LIABILITIES WITHOUT COST</B></TD>
    <TD align=right> <B>1,028,746</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>1,479,058</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s88</TD>
    <TD align=left> DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD align=right> 211,104</TD>
    <TD align=right> 21</TD>
    <TD align=right> 445,808</TD>
    <TD align=right> 30</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s89</TD>
    <TD align=left> INTEREST LIABILITIES</TD>
    <TD align=right> 5,300</TD>
    <TD align=right> 1</TD>
    <TD align=right> 5,917</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s68</TD>
    <TD align=left> PROVISIONS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s90</TD>
    <TD align=left> DISCONTINUED OPERATIONS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s58</TD>
    <TD align=left> OTHER CURRENT LIABILITIES</TD>
    <TD align=right> 812,342</TD>
    <TD align=right> 79</TD>
    <TD align=right> 1,027,333</TD>
    <TD align=right> 69</TD>
  </TR>
  <TR>
    <TD colspan=6 align="right">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>s27</B></TD>
    <TD align=left> <B>LONG-TERM LIABILITIES</B></TD>
    <TD align=right> <B>0</B></TD>
    <TD align=right> <B>0</B></TD>
    <TD align=right> <B>0</B></TD>
    <TD align=right> <B>0</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s59</TD>
    <TD align=left> FOREIGN CURRENCY LIABILITIES</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s60</TD>
    <TD align=left> MEXICAN PESOS LIABILITIES</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=6 align="right">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>s31</B></TD>
    <TD align=left> <B>DEFERRED LIABILITIES</B></TD>
    <TD align=right> <B>0</B></TD>
    <TD align=right> <B>0</B></TD>
    <TD align=right> <B>0</B></TD>
    <TD align=right> <B>0</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s65</TD>
    <TD align=left> NEGATIVE GOODWILL</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s67</TD>
    <TD align=left> OTHER</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=6 align="right">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>s32</B></TD>
    <TD align=left> <B>OTHER NON CURRENT LIABILITIES WITHOUT COST</B></TD>
    <TD align=right> <B>2,801,338</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>4,429,985</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s66</TD>
    <TD align=left> DEFERRED TAXES</TD>
    <TD align=right> 2,798,898</TD>
    <TD align=right> 97</TD>
    <TD align=right> 4,359,169</TD>
    <TD align=right> 98</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s91</TD>
    <TD align=left> OTHER LIABILITIES IN RESPECT OF SOCIAL INSURANCE</TD>
    <TD align=right> 31,852</TD>
    <TD align=right> 1</TD>
    <TD align=right> 31,484</TD>
    <TD align=right> 1</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s92</TD>
    <TD align=left> DISCONTINUED OPERATIONS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s69</TD>
    <TD align=left> OTHER LIABILITIES</TD>
    <TD align=right> 59,588</TD>
    <TD align=right> 2</TD>
    <TD align=right> 39,332</TD>
    <TD align=right> 1</TD>
  </TR>
  <TR>
    <TD colspan=6 align="right">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>s79</B></TD>
    <TD align=left> <B>CAPITAL STOCK</B></TD>
    <TD align=right> <B>4,142,696</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>4,142,696</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s37</TD>
    <TD align=left> CAPITAL STOCK (NOMINAL)</TD>
    <TD align=right> 2,420,230</TD>
    <TD align=right> 58</TD>
    <TD align=right> 2,420,230</TD>
    <TD align=right> 58</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s69</TD>
    <TD align=left> RESTATEMENT OF CAPITAL STOCK</TD>
    <TD align=right> 1,722,466</TD>
    <TD align=right> 42</TD>
    <TD align=right> 1,722,466</TD>
    <TD align=right> 42</TD>
  </TR>
</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>CONSOLIDATED FINANCIAL STATEMENT</B><BR>
BREAKDOWN OF MAIN CONCEPTS<BR>
(thousands of Mexican pesos)</P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="bottom">
    <TD> <B>REF</B> <B><br>
      S</B> </TD>
    <TD valign="top"> <B>CONCEPTS</B> </TD>
    <TD colspan=2 valign="top"> <B>CURRENT YEAR</B> </TD>
    <TD colspan=2 valign="top"> <B>PREVIOUS YEAR</B> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=center> <B>AMOUNT</B></TD>
    <TD align=center><b>%</b> </TD>
    <TD align=center> <B>AMOUNT</B></TD>
    <TD align=center><b>%</b> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>s42</B></TD>
    <TD align=left> <B>RETAINED EARNINGS AND CAPITAL RESERVES</B></TD>
    <TD align=right> <B>9,645,761</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>10,052,853</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s93</TD>
    <TD align=left> LEGAL RESERVE</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s43</TD>
    <TD align=left> RESERVE FOR REPURCHASE OF SHARES</TD>
    <TD align=right> 200,612</TD>
    <TD align=right> 2</TD>
    <TD align=right> 200,612</TD>
    <TD align=right> 2</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s94</TD>
    <TD align=left> OTHER RESERVES</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s95</TD>
    <TD align=left> RETAINED EARNINGS</TD>
    <TD align=right> 8,875,093</TD>
    <TD align=right> 92</TD>
    <TD align=right> 9,307,346</TD>
    <TD align=right> 93</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s45</TD>
    <TD align=left> NET INCOME FOR THE YEAR</TD>
    <TD align=right> 570,056</TD>
    <TD align=right> 6</TD>
    <TD align=right> 544,895</TD>
    <TD align=right> 5</TD>
  </TR>
  <TR>
    <TD colspan=6>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>s44</B></TD>
    <TD align=left> <B>OTHER ACCUMULATED COMPREHENSIVE RESULT</B></TD>
    <TD align=right> <B>258,138</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>466,772</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s70</TD>
    <TD align=left> ACCUMULATED MONETARY RESULT</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s71</TD>
    <TD align=left> RESULT FROM HOLDING NON-MONETARY ASSETS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right valign="top">s96 </TD>
    <TD align=left> CUMULATIVE RESULT FROM FOREIGN CURRENCY<br> &nbsp;&nbsp;&nbsp;
      TRANSLATION</TD>
    <TD align=right> 405,914</TD>
    <TD align=right> 157</TD>
    <TD align=right> 787,753</TD>
    <TD align=right> 169</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s97</TD>
    <TD align=left> CUMULATIVE RESULT FROM DERIVATIVE FINANCIAL</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=left> INSTRUMENTS</TD>
    <TD align=right> (147,776)</TD>
    <TD align=right> (57)</TD>
    <TD align=right> (320,981)</TD>
    <TD align=right> (69)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s98</TD>
    <TD align=left> CUMULATIVE EFFECT OF DEFERRED INCOME TAXES</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s99</TD>
    <TD align=left> LABOR OBLIGATION ADJUSTMENT</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> s100</TD>
    <TD align=left> OTHER</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P align="center" style="text-align: center;"> <B>BALANCE SHEETS</B><BR>
  OTHER CONCEPTS<BR>
  (thousands of Mexican pesos)</P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="bottom">
    <TD> <B>REF</B> <B><br>
      S</B> </TD>
    <TD valign="top" style="TEXT-INDENT:29.000000px"> <B>CONCEPTS</B> </TD>
    <TD align=center valign="top"> <B>CURRENT YEAR</B> </TD>
    <TD align=center valign="top"> <B>PREVIOUS YEAR</B> </TD>
  </TR>
  <TR>
    <TD>&nbsp; </TD>
    <TD>&nbsp;</TD>
    <TD align="center"><b>AMOUNT</b></TD>
    <TD align="center"><b>AMOUNT</b></TD>
  </TR>
  <TR valign="bottom">
    <TD colspan="4" align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> S72</TD>
    <TD align=left> WORKING CAPITAL</TD>
    <TD align=right> 9,029,686</TD>
    <TD align=right> 8,798,011</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> S73</TD>
    <TD align=left> PENSIONS FUND AND SENIORITY PREMIUMS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> S74</TD>
    <TD align=left> EXECUTIVES (*)</TD>
    <TD align=right> 55</TD>
    <TD align=right> 60</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> S75</TD>
    <TD align=left> EMPLOYERS (*)</TD>
    <TD align=right> 1,539</TD>
    <TD align=right> 1,687</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> S76</TD>
    <TD align=left> WORKERS (*)</TD>
    <TD align=right> 2,787</TD>
    <TD align=right> 2,517</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> S77</TD>
    <TD align=left> COMMON SHARES (*)</TD>
    <TD align=right> 497,709,214</TD>
    <TD align=right> 497,709,214</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> S78</TD>
    <TD align=left> REPURCHASED SHARES (*)</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> S101</TD>
    <TD align=left> RESTRICTED CASH</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> S102</TD>
    <TD align=left> NET DEBT OF NON CONSOLIDATED COMPANIES</TD>
    <TD align=right> 770,229</TD>
    <TD align=right> 286,634</TD>
  </TR>
</TABLE>
<P style="text-align: left;"> (*) THESE ITEMS SHOULD BE EXPRESSED IN UNITS</P>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>STATEMENTS OF INCOME</B><BR>
FROM JANUARY 1 TO MARCH 31 OF 2010 AND 2009<BR>
(thousands of Mexican pesos)</P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="bottom">
    <TD> <B>REF</B> <B><br>
      R</B></TD>
    <TD valign="top" style="TEXT-INDENT:27.000000px"> <B>CATEGORIES</B> </TD>
    <TD colspan=2 valign="top"> <B>CURRENT YEAR</B> </TD>
    <TD colspan=2 valign="top"> <B>PREVIOUS YEAR</B> </TD>
  </TR>
  <TR align="center" valign="bottom">
    <TD>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD> <B>AMOUNT</B></TD>
    <TD><B>%</B> </TD>
    <TD> <B>AMOUNT</B></TD>
    <TD><B>%</B> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>r01</B></TD>
    <TD align=left> <B>NET SALES</B></TD>
    <TD align=right> <B>6,392,994</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>5,080,641</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r02</TD>
    <TD align=left> COST OF SALES</TD>
    <TD align=right> 5,268,797</TD>
    <TD align=right> 82</TD>
    <TD align=right> 4,110,730</TD>
    <TD align=right> 81</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>r03</B></TD>
    <TD align=left> <B>MARGINAL  PROFIT</B></TD>
    <TD align=right> <B>1,124,197</B></TD>
    <TD align=right> <B>18</B></TD>
    <TD align=right> <B>969,911</B></TD>
    <TD align=right> <B>19</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r04</TD>
    <TD align=left> OPERATING EXPENSES</TD>
    <TD align=right> 512,081</TD>
    <TD align=right> 8</TD>
    <TD align=right> 585,282</TD>
    <TD align=right> 12</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>r05</B></TD>
    <TD align=left> <B>OPERATING INCOME</B></TD>
    <TD align=right> <B>612,116</B></TD>
    <TD align=right> <B>10</B></TD>
    <TD align=right> <B>384,629</B></TD>
    <TD align=right> <B>8</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r08</TD>
    <TD align=left> OTHER INCOME AND (EXPENSE), NET</TD>
    <TD align=right> 10,229</TD>
    <TD align=right> 0</TD>
    <TD align=right> 1,852</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r06</TD>
    <TD align=left> COMPREHENSIVE FINANCING RESULT</TD>
    <TD align=right> (24,346)</TD>
    <TD align=right> 0</TD>
    <TD align=right> 59,925</TD>
    <TD align=right> 1</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right valign="top">r12 </TD>
    <TD align=left> EQUITY IN NET INCOME OF NON-CONSOLIDATED SUBSIDIARIES<br>

      &nbsp;&nbsp;&nbsp;AND ASSOCIATES</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r48</TD>
    <TD align=left> NON ORDINARY ITEMS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>r09</B></TD>
    <TD align=left> <B>INCOME BEFORE INCOME TAXES</B></TD>
    <TD align=right> <B>597,999</B></TD>
    <TD align=right> <B>9</B></TD>
    <TD align=right> <B>446,406</B></TD>
    <TD align=right> <B>9</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r10</TD>
    <TD align=left> INCOME TAXES</TD>
    <TD align=right> 20,534</TD>
    <TD align=right> 0</TD>
    <TD align=right> 6,734</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>r11</B></TD>
    <TD align=left> <B>INCOME (LOSS) BEFORE DISCONTINUED OPERATIONS</B></TD>
    <TD align=right> <B>577,465</B></TD>
    <TD align=right> <B>9</B></TD>
    <TD align=right> <B>439,672</B></TD>
    <TD align=right> <B>9</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r14</TD>
    <TD align=left> DISCONTINUED OPERATIONS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>r18</B></TD>
    <TD align=left> <B>NET CONSOLIDATED INCOME</B></TD>
    <TD align=right> <B>577,465</B></TD>
    <TD align=right> <B>9</B></TD>
    <TD align=right> <B>439,672</B></TD>
    <TD align=right> <B>9</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r19</TD>
    <TD align=left> NET INCOME OF MINORITY INTEREST</TD>
    <TD align=right> 7,409</TD>
    <TD align=right> 0</TD>
    <TD align=right> (105,223)</TD>
    <TD align=right> (2)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r20</TD>
    <TD align=left> NET INCOME OF MAJORITY INTEREST</TD>
    <TD align=right> 570,056</TD>
    <TD align=right> 9</TD>
    <TD align=right> 544,895</TD>
    <TD align=right> 11</TD>
  </TR>
</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P align="center"> <B>STATEMENTS OF INCOME</B><BR>

BREAKDOWN OF MAIN CONCEPTS<BR>

(thousands of Mexican pesos)</P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="bottom">
    <TD> <B>REF</B> <B><br>
      R</B></TD>
    <TD valign="top"> <B>CONCEPTS</B> </TD>
    <TD colspan=2 valign="top"> <B>CURRENT YEAR</B> </TD>
    <TD colspan=2 valign="top"> <B>PREVIOUS YEAR</B> </TD>
  </TR>
  <TR align="center" valign="bottom">
    <TD>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD> <B>AMOUNT</B></TD>
    <TD><B>%</B> </TD>
    <TD> <B>AMOUNT</B></TD>
    <TD> <B>%</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>r01</B></TD>
    <TD align=left> <B>NET SALES</B></TD>
    <TD align=right> <B>6,392,994</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>5,080,641</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r21</TD>
    <TD align=left> DOMESTIC</TD>
    <TD align=right> 3,012,812</TD>
    <TD align=right> 47</TD>
    <TD align=right> 2,859,092</TD>
    <TD align=right> 56</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r22</TD>
    <TD align=left> FOREIGN</TD>
    <TD align=right> 3,380,182</TD>
    <TD align=right> 53</TD>
    <TD align=right> 2,221,549</TD>
    <TD align=right> 44</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r23</TD>
    <TD align=left> TRANSLATED INTO DOLLARS (***)</TD>
    <TD align=right> 268,472</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 153,510</TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=6>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>r08</B></TD>
    <TD align=left> <B>OTHER INCOME AND (EXPENSE), NET</B></TD>
    <TD align=right> <B>10,229</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>1,852</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r49</TD>
    <TD align=left> OTHER INCOME AND (EXPENSE), NET</TD>
    <TD align=right> 10,229</TD>
    <TD align=right> 100</TD>
    <TD align=right> 1,852</TD>
    <TD align=right> 100</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r34</TD>
    <TD align=left> EMPLOYEES&#146; PROFIT SHARING EXPENSES</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r35</TD>
    <TD align=left> DEFERRED EMPLOYEES&#146; PROFIT SHARING</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=6>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>r06</B></TD>
    <TD align=left> <B>COMPREHENSIVE FINANCING RESULT</B></TD>
    <TD align=right> <B>(24,346)</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>59,925</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r24</TD>
    <TD align=left> INTEREST EXPENSE</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 13,478</TD>
    <TD align=right> 22</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r42</TD>
    <TD align=left> GAIN (LOSS) ON RESTATEMENT OF UDI&#146;S</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r45</TD>
    <TD align=left> OTHER FINANCE COSTS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r26</TD>
    <TD align=left> INTEREST INCOME</TD>
    <TD align=right> 2,580</TD>
    <TD align=right> (11)</TD>
    <TD align=right> 9,795</TD>
    <TD align=right> 16</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r46</TD>
    <TD align=left> OTHER FINANCIAL PRODUCTS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r25</TD>
    <TD align=left> FOREIGN EXCHANGE GAIN (LOSS), NET</TD>
    <TD align=right> (26,926)</TD>
    <TD align=right> 111</TD>
    <TD align=right> 63,608</TD>
    <TD align=right> 106</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r28</TD>
    <TD align=left> RESULT FROM MONETARY POSITION</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=6>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <b>r10</b></TD>
    <TD align=left> <b>INCOME TAXES</b></TD>
    <TD align=right> <B>(20,534)</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>6,734</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r32</TD>
    <TD align=left> INCOME TAX</TD>
    <TD align=right> 22,231</TD>
    <TD align=right> 108</TD>
    <TD align=right> -160,109</TD>
    <TD align=right> (2,378)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> r33</TD>
    <TD align=left> DEFERRED INCOME TAX</TD>
    <TD align=right> (1,697)</TD>
    <TD align=right> (8)</TD>
    <TD align=right> 166,843</TD>
    <TD align=right> 2,478</TD>
  </TR>
</TABLE>
<P style="text-align: left;"> (***) THOUSANDS OF DOLLARS</P>
<HR noshade align="center" width="100%" size="5">
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<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
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<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: left;"> <B>STATEMENTS OF INCOME</B><BR>
OTHER CONCEPTS<BR>
(thousands of Mexican pesos)</P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="bottom">
    <TD> <B>REF</B> <B><br>
      R</B></TD>
    <TD valign="top"> <B>CONCEPTS</B> </TD>
    <TD valign="top"> <B>CURRENT YEAR</B> </TD>
    <TD valign="top"> <B>PREVIOUS YEAR</B> </TD>
  </TR>
  <TR align="center" valign="bottom">
    <TD>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD> <B>AMOUNT</B></TD>
    <TD> <B>AMOUNT</B></TD>
  </TR>
  <TR>
    <TD colspan=4>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> r36</TD>
    <TD align=left> TOTAL SALES</TD>
    <TD align=right> 6,593,212</TD>
    <TD align=right> 5,233,819</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> r37</TD>
    <TD align=left> TAX RESULT FOR THE YEAR</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> r38</TD>
    <TD align=left> NET SALES (**)</TD>
    <TD align=right> 20,645,867</TD>
    <TD align=right> 32,977,894</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> r39</TD>
    <TD align=left> OPERATION INCOME (**)</TD>
    <TD align=right> 501,313</TD>
    <TD align=right> 2,621,628</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> r40</TD>
    <TD align=left> NET INCOME OF MAJORITY INTEREST (**)</TD>
    <TD align=right> 918,154</TD>
    <TD align=right> 1,868,159</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> r41</TD>
    <TD align=left> NET CONSOLIDATED INCOME (**)</TD>
    <TD align=right> 1,294,351</TD>
    <TD align=right> 1,748,131</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> r47</TD>
    <TD align=left> OPERATIVE DEPRECIATION AND AMORTIZATION</TD>
    <TD align=right> 258,484</TD>
    <TD align=right> 274,917</TD>
  </TR>
</TABLE>
<P style="text-align: left;"> (**) RESTATED INFORMATION FOR THE LAST TWELVE MONTHS</P>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>QUARTERLY STATEMENTS OF INCOME</B><BR>
FROM JANUARY 1 TO MARCH 31 OF 2010 AND 2009<BR>
(thousands of Mexican pesos)</P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="bottom">
    <TD height="32"> <B>REF</B><B><br>
      R</B></TD>
    <TD valign="top"> <B>CATEGORIES</B> </TD>
    <TD valign="top"> <B>CURRENT YEAR</B> </TD>
    <TD valign="top">&nbsp; </TD>
    <TD colspan=2 valign="top"> <B>PREVIOUS YEAR</B> </TD>
  </TR>
  <TR align="center" valign="bottom">
    <TD height="17">&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD> <B>AMOUNT</B></TD>
    <TD><B>%</B> </TD>
    <TD> <B>AMOUNT</B></TD>
    <TD><B>%</B> </TD>
  </TR>
  <TR valign="bottom">
    <TD height="17" align=right> <B>r01</B></TD>
    <TD align=left> <B>NET SALES</B></TD>
    <TD align=right> <B>6,392,994</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>5,080,641</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD height="17" align=right> r02</TD>
    <TD align=left> COST OF SALES</TD>
    <TD align=right> 5,268,797</TD>
    <TD align=right> 82</TD>
    <TD align=right> 4,110,730</TD>
    <TD align=right> 81</TD>
  </TR>
  <TR valign="bottom">
    <TD height="17" align=right> <B>r03</B></TD>
    <TD align=left> <B>MARGINAL PROFIT</B></TD>
    <TD align=right> <B>1,124,197</B></TD>
    <TD align=right> <B>18</B></TD>
    <TD align=right> <B>969,911</B></TD>
    <TD align=right> <B>19</B></TD>
  </TR>
  <TR valign="bottom">
    <TD height="17" align=right> r04</TD>
    <TD align=left> OPERATING EXPENSES</TD>
    <TD align=right> 512,081</TD>
    <TD align=right> 8</TD>
    <TD align=right> 585,282</TD>
    <TD align=right> 12</TD>
  </TR>
  <TR valign="bottom">
    <TD height="17" align=right> <B>r05</B></TD>
    <TD align=left> <B>OPERATING INCOME</B></TD>
    <TD align=right> <B>612,116</B></TD>
    <TD align=right> <B>10</B></TD>
    <TD align=right> <B>384,629</B></TD>
    <TD align=right> <B>8</B></TD>
  </TR>
  <TR valign="bottom">
    <TD height="17" align=right> r08</TD>
    <TD align=left> OTHER INCOME AND (EXPENSE), NET</TD>
    <TD align=right> 10,229</TD>
    <TD align=right> 0</TD>
    <TD align=right> 1852</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD height="17" align=right> r06</TD>
    <TD align=left> COMPREHENSIVE FINANCING RESULT</TD>
    <TD align=right> (24,346)</TD>
    <TD align=right> 0</TD>
    <TD align=right> 59,925</TD>
    <TD align=right> 1</TD>
  </TR>
  <TR valign="bottom">
    <TD height="17" align=right valign="top">r12 </TD>
    <TD align=left> EQUITY IN NET INCOME OF NON-CONSOLIDATED SUBSIDIARIES<br>
      &nbsp;&nbsp;&nbsp; AND ASSOCIATES</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD height="17" align=right> r48</TD>
    <TD align=left> NON ORDINARY ITEMS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD height="17" align=right> <B>r09</B></TD>
    <TD align=left> <B>INCOME BEFORE INCOME TAXES</B></TD>
    <TD align=right> <B>597,999</B></TD>
    <TD align=right> <B>9</B></TD>
    <TD align=right> <B>446,406</B></TD>
    <TD align=right> <B>9</B></TD>
  </TR>
  <TR valign="bottom">
    <TD height="17" align=right> r10</TD>
    <TD align=left> INCOME TAXES</TD>
    <TD align=right> 20,534</TD>
    <TD align=right> 0</TD>
    <TD align=right> 6,734</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD height="17" align=right> <B>r11</B></TD>
    <TD align=left> <B>INCOME (LOSS) BEFORE DISCONTINUED OPERATIONS</B></TD>
    <TD align=right> <B>577,465</B></TD>
    <TD align=right> <B>9</B></TD>
    <TD align=right> <B>439,672</B></TD>
    <TD align=right> <B>9</B></TD>
  </TR>
  <TR valign="bottom">
    <TD height="17" align=right> r14</TD>
    <TD align=left> DISCONTINUED OPERATIONS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD height="17" align=right> <B>r18</B></TD>
    <TD align=left> <B>NET CONSOLIDATED INCOME</B></TD>
    <TD align=right> <B>577,465</B></TD>
    <TD align=right> <B>9</B></TD>
    <TD align=right> <B>439,672</B></TD>
    <TD align=right> <B>9</B></TD>
  </TR>
  <TR valign="bottom">
    <TD height="17" align=right> r19</TD>
    <TD align=left> NET INCOME OF MINORITY INTEREST</TD>
    <TD align=right> 7,409</TD>
    <TD align=right> 0</TD>
    <TD align=right> (105,223)</TD>
    <TD align=right> (2)</TD>
  </TR>
  <TR valign="bottom">
    <TD height="17" align=right> r20</TD>
    <TD align=left> NET INCOME OF MAJORITY INTEREST</TD>
    <TD align=right> <B>570,056</B></TD>
    <TD align=right> <B>9</B></TD>
    <TD align=right> <B>544,895</B></TD>
    <TD align=right> <B>11</B></TD>
  </TR>
</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>QUARTERLY STATEMENTS OF INCOME</B><BR>
BREAKDOWN OF MAIN CONCEPTS<BR>
(thousands of Mexican pesos)</P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="bottom">
    <TD> <B>REF</B> <B><br>
      R</B></TD>
    <TD valign="top"> <B>CONCEPTS</B> </TD>
    <TD colspan=2 valign="top"> <B>CURRENT YEAR</B> </TD>
    <TD colspan=2 valign="top"> <B>PREVIOUS YEAR</B> </TD>
  </TR>
  <TR align="center" valign="bottom">
    <TD>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD> <B>AMOUNT</B></TD>
    <TD><B>%</B> </TD>
    <TD> <B>AMOUNT</B></TD>
    <TD> <B>%</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>rt01</B></TD>
    <TD align=left> <B>NET SALES</B></TD>
    <TD align=right> <B>6,392,994</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>5,080,641</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> rt21</TD>
    <TD align=left> DOMESTIC</TD>
    <TD align=right> 3,012,812</TD>
    <TD align=right> 47</TD>
    <TD align=right> 2,859,092</TD>
    <TD align=right> 56</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> rt22</TD>
    <TD align=left> FOREIGN</TD>
    <TD align=right> 3,380,182</TD>
    <TD align=right> 53</TD>
    <TD align=right> 2,221,549</TD>
    <TD align=right> 44</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> rt23</TD>
    <TD align=left> TRANSLATED INTO DOLLARS (***)</TD>
    <TD align=right> 268,472</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 153,510</TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=6>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>rt08</B></TD>
    <TD align=left> <B>OTHER INCOME AND (EXPENSE), NET</B></TD>
    <TD align=right> <B>10,229</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>1,852</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> rt49</TD>
    <TD align=left> OTHER INCOME AND (EXPENSE), NET</TD>
    <TD align=right> 10,229</TD>
    <TD align=right> 100</TD>
    <TD align=right> 1,852</TD>
    <TD align=right> 100</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> rt34</TD>
    <TD align=left> EMPLOYEES&#146; PROFIT SHARING EXPENSES</TD>
    <TD align=right> 0</TD>
    <TD align=right> 15</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> rt35</TD>
    <TD align=left> DEFERRED EMPLOYEES&#146; PROFIT SHARING</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=6>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> <B>rt06</B></TD>
    <TD align=left> <B>COMPREHENSIVE FINANCING RESULT</B></TD>
    <TD align=right> <B>(24,346)</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>59,925</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> rt24</TD>
    <TD align=left> INTEREST EXPENSE</TD>
    <TD align=right> 0</TD>
    <TD align=right> 8</TD>
    <TD align=right> 13,478</TD>
    <TD align=right> 22</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> rt42</TD>
    <TD align=left> GAIN (LOSS) ON RESTATEMENT OF UDI&#146;S</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> rt45</TD>
    <TD align=left> OTHER FINANCE COSTS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> rt26</TD>
    <TD align=left> INTEREST INCOME</TD>
    <TD align=right> 2,580</TD>
    <TD align=right> (11)</TD>
    <TD align=right> 9,795</TD>
    <TD align=right> 16</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> rt46</TD>
    <TD align=left> OTHER FINANCIAL PRODUCTS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> rt25</TD>
    <TD align=left> FOREIGN EXCHANGE GAIN (LOSS), NET</TD>
    <TD align=right> (26,926)</TD>
    <TD align=right> 111</TD>
    <TD align=right> 63,608</TD>
    <TD align=right> 106</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> rt28</TD>
    <TD align=left> RESULT FROM MONETARY POSITION</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=6>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=right><b> rt10</b></TD>
    <TD align=left><b> INCOME TAXES</b></TD>
    <TD align=right> <B>20,534</B></TD>
    <TD align=right> <B>100</B></TD>
    <TD align=right> <B>6,734</B></TD>
    <TD align=right> <B>100</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> rt32</TD>
    <TD align=left> INCOME TAX</TD>
    <TD align=right> 22,231</TD>
    <TD align=right> 108</TD>
    <TD align=right> (160,109)</TD>
    <TD align=right> (2,378)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> rt33</TD>
    <TD align=left> DEFERRED INCOME TAX</TD>
    <TD align=right> (1,697)</TD>
    <TD align=right> (.8)</TD>
    <TD align=right> 166,843</TD>
    <TD align=right> 2,478</TD>
  </TR>
</TABLE>
<P style="text-align: left;"> (***) THOUSANDS OF DOLLARS</P>
<HR noshade align="center" width="100%" size="5">
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<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
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<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>QUARTERLY STATEMENTS OF INCOME</B><BR>
OTHER CONCEPTS<BR>
(thousands of Mexican pesos)</P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="bottom">
    <TD> <B>REF</B> <B><br>
      RT</B></TD>
    <TD valign="top"> <B>CONCEPTS</B> </TD>
    <TD valign="top"> <B>CURRENT</B> <B><br>
      YEAR</B></TD>
    <TD valign="top"> <B>PREVIOUS</B> <B><br>
      YEAR</B></TD>
  </TR>
  <TR align="center" valign="bottom">
    <TD>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD> <B>AMOUNT</B></TD>
    <TD> <B>AMOUNT</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=right> rt47</TD>
    <TD align=left> OPERATIVE DEPRECIATION AND AMORTIZATION</TD>
    <TD align=right> 258,484</TD>
    <TD align=right> 274,917</TD>
  </TR>
</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
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<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>STATE OF CASH FLOW DIRECT METHOD)</B><BR>
FROM JANUARY 1 TO MARCH 31 OF 2010 AND 2009<BR>
(thousands of pesos)</P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="bottom">
    <TD> <B>REF</B> <B><br>
      C</B></TD>
    <TD valign="top"> <B>CONCEPTS</B> </TD>
    <TD valign="top"> <B>CURRENT YEAR</B> </TD>
    <TD valign="top"> <B>PREVIOUS YEAR</B> </TD>
  </TR>
  <TR align="center" valign="bottom">
    <TD>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD> <B>AMOUNT</B></TD>
    <TD> <B>AMOUNT</B></TD>
  </TR>
  <TR>
    <TD colspan=4>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=left> <B>ACTIVITIES OF OPERATION</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> <B>e01</B></TD>
    <TD align=left> <B>INCOME (LOSS) BEFORE INCOME TAXES</B></TD>
    <TD align=right> <B>597,999</B></TD>
    <TD align=right> <B>446,406</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e02</TD>
    <TD align=left> + (-) ITEMS NOT REQUIRING CASH</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e03</TD>
    <TD align=left> + (-) ITEMS RELATED TO INVESTING ACTIVITIES</TD>
    <TD align=right> 254,616</TD>
    <TD align=right> 280,990</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e04</TD>
    <TD align=left> + (-) ITEMS RELATED TO FINANCING ACTIVITIES</TD>
    <TD align=right> 0</TD>
    <TD align=right> 13,478</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> <B>e05</B></TD>
    <TD align=left> <B>CASH FLOW BEFORE INCOME TAX</B></TD>
    <TD align=right> <B>852,615</B></TD>
    <TD align=right> <B>740,874</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e06</TD>
    <TD align=left> CASH FLOW PROVIDED OR USED IN OPERATION</TD>
    <TD align=right> (896,490)</TD>
    <TD align=right> (332,336)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> <B>e07</B></TD>
    <TD align=left> <B>CASH FLOW PROVIDED OF OPERATING ACTIVITIES</B></TD>
    <TD align=right> <B>(43,875)</B></TD>
    <TD align=right> <B>408,538</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=center>&nbsp; </TD>
    <TD align=left> <B>INVESTMENT ACTIVITIES</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e08</TD>
    <TD align=left> NET CASH FLOW FROM INVESTING ACTIVITIES</TD>
    <TD align=right> (51,918)</TD>
    <TD align=right> (81,105)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> <B>e09</B></TD>
    <TD align=left> <B>CASH FLOW AFTER INVESTING ACTIVITIES</B></TD>
    <TD align=right> <B>(95,793)</B></TD>
    <TD align=right> <B>327,433</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=center>&nbsp; </TD>
    <TD align=left> <B>FINANCING ACTIVITIES</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e10</TD>
    <TD align=left> NET CASH FROM FINANCING ACTIVITIES</TD>
    <TD align=right> 63,607</TD>
    <TD align=right> 19,212</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center><B>e11</B> </TD>
    <TD align=left> <B>NET (DECREASE) INCREASE IN CASH AND CASH<br>
      EQUIVALENTS</B></TD>
    <TD align=right> <B>(32,186)</B></TD>
    <TD align=right> <B>346,645</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=center><B>e12</B> </TD>
    <TD align=left> <B>TRANSLATION DIFFERENCES IN CASH AND CASH<br>
      EQUIVALENTS</B></TD>
    <TD align=right> <B>(1,170)</B></TD>
    <TD align=right> <B>(1,372)</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e13</TD>
    <TD align=left> CASH AND CASH EQUIVALENTS AT THE BEGINNING OF PERIOD</TD>
    <TD align=right> 1,948,900</TD>
    <TD align=right> 576,741</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> <B>e14</B></TD>
    <TD align=left> <B>CASH AND CASH EQUIVALENTS AT THE END OF PERIOD</B></TD>
    <TD align=right> <B>1,915,544</B></TD>
    <TD align=right> <B>922,014</B></TD>
  </TR>
</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>STATE OF CASH FLOW (INDIRECT METHOD)</B><BR>
BREAKDOWN OF MAIN CONCEPTS<BR>
(thousands of pesos)</P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="bottom">
    <TD> <B>REF</B><B><br>
      C</B></TD>
    <TD valign="top"> <B>CONCEPTS</B> </TD>
    <TD valign="top"> <B>CURRENT YEAR</B> </TD>
    <TD valign="top"> <B>PREVIOUS YEAR</B> </TD>
  </TR>
  <TR align="center" valign="bottom">
    <TD>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD> <B>AMOUNT</B></TD>
    <TD> <B>AMOUNT</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> <B>e02</B></TD>
    <TD align=left> <B>+ (-) ITEMS NOT REQUIRING CASH</B></TD>
    <TD align=right> <B>0</B></TD>
    <TD align=right> <B>0</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e15</TD>
    <TD align=left> + ESTIMATES FOR THE PERIOD</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e16</TD>
    <TD align=left> + PROVISIONS FOR THE PERIOD</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e17</TD>
    <TD align=left> + (-) OTHER UNREALIZED ITEMS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=4 align="center">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> <B>e03</B></TD>
    <TD align=left> <B>+ (-) ITEMS RELATED TO INVESTING ACTIVITIES</B></TD>
    <TD align=right> <B>254,616</B></TD>
    <TD align=right> <B>280,990</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e18</TD>
    <TD align=left> + DEPRECIATION AND AMORTIZATION FOR THE PERIOD</TD>
    <TD align=right> 258,484</TD>
    <TD align=right> 274,917</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e19</TD>
    <TD align=left> (-) + GAIN OR LOSS ON SALE PROPERTY, PLANT AND EQUIPMENT</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e20</TD>
    <TD align=left> + IMPAIRMENT LOSS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e21</TD>
    <TD align=left> (-) + EQUITY IN RESULTS OF ASSOCIATES AND JOINT VENTURES</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e22</TD>
    <TD align=left> (-) DIVIDENDS RECEIVED</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e23</TD>
    <TD align=left> (-) INTEREST INCOME</TD>
    <TD align=right> (2,580)</TD>
    <TD align=right> (9,795)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e24</TD>
    <TD align=left> (-) + OTHER ITEMS</TD>
    <TD align=right> (1,288)</TD>
    <TD align=right> 15,868</TD>
  </TR>
  <TR>
    <TD colspan=4 align="center">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> <B>e04</B></TD>
    <TD align=left> <B>+ (-) ITEMS RELATED TO FINANCING ACTIVITIES</B></TD>
    <TD align=right> <B>0</B></TD>
    <TD align=right> <B>13,478</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e25</TD>
    <TD align=left> + ACCRUED INTEREST</TD>
    <TD align=right> 0</TD>
    <TD align=right> 13,478</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e26</TD>
    <TD align=left> + (-) OTHER ITEMS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=4 align="center">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> <B>e06</B></TD>
    <TD align=left> <B>CASH FLOW PROVIDED OR USED IN OPERATION</B></TD>
    <TD align=right> <B>(896,490)</B></TD>
    <TD align=right> <B>(332,336)</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e27</TD>
    <TD align=left> + (-) DECREASE (INCREASE) IN ACCOUNTS RECEIVABLE</TD>
    <TD align=right> (1,396,044)</TD>
    <TD align=right> (291,139)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e28</TD>
    <TD align=left> + (-) DECREASE (INCREASE) IN INVENTORIES</TD>
    <TD align=right> 337,077</TD>
    <TD align=right> (572,509)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e29</TD>
    <TD align=left> + (-)DECREASE (INCREASE) IN OTHER ACCOUNT RECEIVABLES</TD>
    <TD align=right> (25,282)</TD>
    <TD align=right> (408,381)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e30</TD>
    <TD align=left> + (-) INCREASE DECREASE IN SUPPLIERS</TD>
    <TD align=right> 430,017</TD>
    <TD align=right> (485,559)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e31</TD>
    <TD align=left> + (-)INCREASE DECREASE IN OTHER LIABILITIES</TD>
    <TD align=right> (215,527)</TD>
    <TD align=right> 454,235</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e32</TD>
    <TD align=left> + (-) INCOME TAXES PAID OR RETURNED</TD>
    <TD align=right> (26,731)</TD>
    <TD align=right> (174,001)</TD>
  </TR>
  <TR>
    <TD colspan=4 align="center">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> <B>e08</B></TD>
    <TD align=left> <B>NET CASH FLOW FROM INVESTING ACTIVITIES</B></TD>
    <TD align=right> <B>(51,918)</B></TD>
    <TD align=right> <B>(81,005)</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e33</TD>
    <TD align=left> (-) PERMANENT INVESTMENT IN SHARES</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e34</TD>
    <TD align=left> + DISPOSITION OF PERMANENT INVESTMENT IN SHARES</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e35</TD>
    <TD align=left> (-) INVESTMENT IN PROPERTY PLANT AND EQUIPMENT</TD>
    <TD align=right> (54,498)</TD>
    <TD align=right> (90,900)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e36</TD>
    <TD align=left> + SALE OF PROPERTY PLANT AND EQUIPMENT</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e37</TD>
    <TD align=left> (-) INVESTMENT IN INTANGIBLE ASSETS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e38</TD>
    <TD align=left> + DISPOSITION OF INTANGIBLE ASSETS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e39</TD>
    <TD align=left> + OTHER PERMANENT INVESTMENTS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e40</TD>
    <TD align=left> + DISPOSITION OF OTHER PERMANENT INVESTMENTS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e41</TD>
    <TD align=left> + DIVIDEND RECEIVED</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e42</TD>
    <TD align=left> + INTEREST RECEIVED</TD>
    <TD align=right> 2,580</TD>
    <TD align=right> 9,795</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e43</TD>
    <TD align=left> + (-) DECREASE (INCREASE) ADVANCES AND LOANS TO THIRD PARTS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e44</TD>
    <TD align=left> + (-) OTHER ITEMS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=4 align="center">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> <B>e10</B></TD>
    <TD align=left> <B>NET CASH FROM FINANCING ACTIVITIES</B></TD>
    <TD align=right> <B>63,607</B></TD>
    <TD align=right> <B>19,212</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e45</TD>
    <TD align=left> + BANK FINANCING</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e46</TD>
    <TD align=left> + STOCK MARKET FINANCING</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e47</TD>
    <TD align=left> + OTHER FINANCING</TD>
    <TD align=right> 63,607</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e48</TD>
    <TD align=left> (-) BANK FINANCING AMORTIZATION</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e49</TD>
    <TD align=left> (-) STOCK MARKET FINANCING AMORTIZATION</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e50</TD>
    <TD align=left> (-) OTHER FINANCING AMORTIZATION</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e51</TD>
    <TD align=left> + (-) INCREASE (DECREASE ) IN CAPITAL STOCK</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e52</TD>
    <TD align=left> (-) DIVIDENDS PAID</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e53</TD>
    <TD align=left> + PREMIUM ON ISSUANCE OF SHARES</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e54</TD>
    <TD align=left> + CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e55</TD>
    <TD align=left> (-) INTEREST EXPENSE</TD>
    <TD align=right> 0</TD>
    <TD align=right> (6,885)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e56</TD>
    <TD align=left> (-) REPURCHASE OF SHARES</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> e57</TD>
    <TD align=left> + (-) OTHER ITEMS</TD>
    <TD align=right> 0</TD>
    <TD align=right> 26,097</TD>
  </TR>
</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>DATE PER SHARE</B><BR>
CONSOLIDATED</P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR valign="bottom">
    <TD align=center> <B>REF</B><B><br>
      D</B></TD>
    <TD align=center valign="top"> <B>CATEGORIES</B> </TD>
    <TD align=center> <B>QUARTER OF PRESENT</B><B><br>
      FINANCIAL YEAR</B></TD>
    <TD align=center> <B>QUARTER OF PREVIOUS</B><B><br>
      FINANCIAL YEAR</B></TD>
  </TR>
  <TR>
    <TD colspan=4>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=4>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> d01</TD>
    <TD align=left> BASIC PROFIT PER ORDINARY SHARE (**)</TD>
    <TD align=center> &#36;&nbsp;&nbsp;2.60</TD>
    <TD align=center> &#36;&nbsp;&nbsp;3.56</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> d02</TD>
    <TD align=left> BASIC PROFIT PER PREFERRED SHARE (**)</TD>
    <TD align=center> &#36;&nbsp;&nbsp;0.00</TD>
    <TD align=center> &#36;&nbsp;&nbsp;0.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> d03</TD>
    <TD align=left> DILUTED PROFIT PER ORDINARY SHARE (**)</TD>
    <TD align=center> &#36;&nbsp;&nbsp;0.00</TD>
    <TD align=center> &#36;&nbsp;&nbsp;0.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">d04 </TD>
    <TD align=left> EARNINGS (LOSS) BEFORE DISCONTINUED OPERATIONS PER<br>
      COMMON SHARE (**)</TD>
    <TD align=center> &#36;&nbsp;&nbsp;2.60</TD>
    <TD align=center> &#36;&nbsp;&nbsp;3.56</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">d05 </TD>
    <TD align=left> DISCONTINUED OPERATIONS EFFECT ON EARNING (LOSS) PER<br>
      SHARE (**)</TD>
    <TD align=center> &#36;&nbsp;&nbsp;0.00</TD>
    <TD align=center> &#36;&nbsp;&nbsp;0.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> d08</TD>
    <TD align=left> CARRYING VALUE PER SHARE</TD>
    <TD align=center> &#36;36.68</TD>
    <TD align=center> &#36;37.91</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> d09</TD>
    <TD align=left> CASH DIVIDEND ACCUMULATED PER SHARE</TD>
    <TD align=center> &nbsp;&nbsp;&nbsp;&nbsp;0.00</TD>
    <TD align=center> &#36;&nbsp;&nbsp;0.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> d10</TD>
    <TD align=left> DIVIDEND IN SHARES PER SHARE</TD>
    <TD align=center> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.00
      shares</TD>
    <TD align=center> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.00
      shares</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> d11</TD>
    <TD align=left> MARKET PRICE TO CARRYING VALUE</TD>
    <TD align=center> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.99
      times</TD>
    <TD align=center> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.54
      times</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> d12</TD>
    <TD align=left> MARKET PRICE TO BASIC PROFIT PER ORDINARY SHARE</TD>
    <TD align=center> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.95
      times</TD>
    <TD align=center> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.77
      times</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> d13</TD>
    <TD align=left> MARKET PRICE TO BASIC PROFIT PER PREFERENT SHARE (**)</TD>
    <TD align=center> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.00
      times</TD>
    <TD align=center> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.00
      times</TD>
  </TR>
</TABLE>
<P style="text-align: left;"> (**) TO CALCULATE THE DATE PER SHARE USE THE NET INCOME FOR THE LAST TWELVE MONTHS.</P>
<HR noshade align="center" width="100%" size="5">
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<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><br>
  <B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>RATIOS</B><BR>
CONSOLIDATED</P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="bottom">
    <TD> <B>REF</B><B><br>
      P</B></TD>
    <TD valign="top"> <B>CATEGORIES</B> </TD>
    <TD> <B>QUARTER OF PRESENT</B><B><br>
      FINANCIAL YEAR</B></TD>
    <TD> <B>QUARTER OF PREVIOUS</B><B><br>
      FINANCIAL YEAR</B></TD>
  </TR>
  <TR>
    <TD colspan=4>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=left> <B>YIELD</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p01</TD>
    <TD align=left> NET INCOME TO NET SALES</TD>
    <TD align=center> 9.03%</TD>
    <TD align=center> 8.65%</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p02</TD>
    <TD align=left> NET INCOME TO STOCKHOLDERS&#146; EQUITY (**)</TD>
    <TD align=center> 6.36%</TD>
    <TD align=center> 7.92%</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p03</TD>
    <TD align=left> NET INCOME TO TOTAL ASSETS (**)</TD>
    <TD align=center> 4.72%</TD>
    <TD align=center> 5.51%</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p04</TD>
    <TD align=left> CASH DIVIDENDS TO PREVIOUS YEAR NET INCOME</TD>
    <TD align=center> 0.00%</TD>
    <TD align=center> 0.00%</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p05</TD>
    <TD align=left> INCOME DUE TO MONETARY POSITION TO NET INCOME</TD>
    <TD align=center> 0.00%</TD>
    <TD align=center> 0.00%</TD>
  </TR>
  <TR>
    <TD colspan=4 align="center">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center>&nbsp; </TD>
    <TD align=left> <B>ACTIVITY</B></TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p06</TD>
    <TD align=left> NET SALES TO NET ASSETS (**)</TD>
    <TD align=center> 0.75 times</TD>
    <TD align=center> 1.04 times</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p07</TD>
    <TD align=left> NET SALES TO FIXED ASSETS (**)</TD>
    <TD align=center> 2.15 times</TD>
    <TD align=center> 3.19 times</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p08</TD>
    <TD align=left> INVENTORIES TURNOVER (**)</TD>
    <TD align=center> 2.89 times</TD>
    <TD align=center> 3.21 times</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p09</TD>
    <TD align=left> ACCOUNTS RECEIVABLE IN DAYS OF SALES</TD>
    <TD align=center> 42 days</TD>
    <TD align=center> 50 days</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p10</TD>
    <TD align=left> PAID INTEREST TO TOTAL LIABILITIES WITH COST (**)</TD>
    <TD align=center> 1.25%</TD>
    <TD align=center> 8.39%</TD>
  </TR>
  <TR>
    <TD colspan=4 align="center">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center>&nbsp; </TD>
    <TD align=left> <B>LEVERAGE</B></TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p11</TD>
    <TD align=left> TOTAL LIABILITIES TO TOTAL ASSETS</TD>
    <TD align=center> 25.84%</TD>
    <TD align=center> 30.42%</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p12</TD>
    <TD align=left> TOTAL LIABILITIES TO STOCKHOLDERS&#146; EQUITY</TD>
    <TD align=center> 0.35 times</TD>
    <TD align=center> 0.44 times</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p13</TD>
    <TD align=left> FOREIGN CURRENCY LIABILITIES TO TOTAL LIABILITIES</TD>
    <TD align=center> 40.38%</TD>
    <TD align=center> 29.57%</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p14</TD>
    <TD align=left> LONG-TERM LIABILITIES TO FIXED ASSETS</TD>
    <TD align=center> 0.00%</TD>
    <TD align=center> 0.00%</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p15</TD>
    <TD align=left> OPERATING INCOME TO INTEREST PAID</TD>
    <TD align=center> 0 times</TD>
    <TD align=center> 28.54 times</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p16</TD>
    <TD align=left> NET SALES TO TOTAL LIABILITIES (**)</TD>
    <TD align=center> 2.91 times</TD>
    <TD align=center> 3.42 times</TD>
  </TR>
  <TR>
    <TD colspan=4 align="center">&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center>&nbsp; </TD>
    <TD align=left> <B>LIQUIDITY</B></TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p17</TD>
    <TD align=left> CURRENT ASSETS TO CURRENT LIABILITIES</TD>
    <TD align=center> 3.10 times</TD>
    <TD align=center> 2.69 times</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p18</TD>
    <TD align=left> CURRENT ASSETS LESS INVENTORY TO CURRENT LIABILITIES</TD>
    <TD align=center> 1.65 times</TD>
    <TD align=center> 1.02 times</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p19</TD>
    <TD align=left> CURRENT ASSETS TO TOTAL LIABILITIES</TD>
    <TD align=center> 1.88 times</TD>
    <TD align=center> 1.45 times</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center> p20</TD>
    <TD align=left> AVAILABLE ASSETS TO CURRENT LIABILITIES</TD>
    <TD align=center> 44.64%</TD>
    <TD align=center> 17.67%</TD>
  </TR>
</TABLE>
<P style="text-align: left;"> (**) IN THESE RATIOS FOR THE DATA TAKE INTO CONSIDERATION THE LAST TWELVE MONTHS</P>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>DIRECTOR REPORT</B></P>
<P style="text-align: right;"> CONSOLIDATED</P>
<P style="text-align: left;"> <B>Comparative first quarter 2010 vs. first quarter 2009</B></P>
<P style="text-align: left;"> <B><I>Net Sales</I></B></P>
<P style="text-align: left;"> Net sales increased 26% to Ps. 6,393 million in the first quarter 2010 compared to Ps. 5,081 million in the same period 2009. Shipments of finished steel products increased 19% to 604 thousand tons in the first quarter 2010 compared to 506 thousand tons in the same period 2009. Total sales outside of Mexico in the first quarter 2010 increased 52% to Ps. 3,380 million compared to Ps. 2,222 million in the same period 2009, while total Mexican sales increased 5% from Ps. 2,859 million in the first quarter 2009 to Ps. 3,013 million in the same period 2010. The increase in sales can be explained due to major shipments during the first quarter 2010, compared to the same period of 2009 (a 98 thousand tons increase). The average price of steel products increased 5.4% in the first quarter 2010 compared with the same period of 2009.</P>
<P style="text-align: left;"> <B><I>Direct Cost of Sales</I></B></P>
<P style="text-align: left;"> Direct cost of sales increased 28% to Ps. 5,269 million in the first quarter 2010 from Ps. 4,111 million in the same period 2009. Direct cost of sales as a percentage of net sales represented 81% in the first quarter 2009 compared to 82% in the same period 2010. The average cost of raw materials used to produce steel products in the first quarter of 2010 increased 7% compared to the same period of 2009.</P>
<P style="text-align: left;"> <B><I>Marginal Profit</I></B></P>
<P style="text-align: left;"> Marginal profit in the first quarter 2010 was Ps. 1,124 million compared to Ps. 970 million in the same period 2009, an increase of 16%. Marginal profit as a percentage of net sales in the first quarter 2010 was 18% compared to 19% in the same period 2009. The increase in marginal profit is due to major shipments of 19% during the first quarter 2010 compared with the same period of 2009.</P>
<P style="text-align: left;"> <B><I>Operating Expenses</I></B></P>
<P style="text-align: left;"> Operating expenses fell 12% to Ps. 512 million in the first quarter 2010 compared to Ps. 585 million in the same period 2009, and represented 8% and 12% of net sales in the first quarter 2010 and the same period of 2009 respectively.</P>
<P style="text-align: left;"> <B><I>Operating Income</I></B></P>
<P style="text-align: left;"> Operating income increased 59% to Ps. 612 million for the first quarter 2010 compared to Ps. 385 million in the same period 2009. Operating income as a percentage of net sales was 10% in the first quarter 2010 compared to 8% in the same period 2009. The increase in operating income is due to major shipments of 19% during the first quarter 2010 compared with the same period of 2009.</P>
<P style="text-align: left;"> <B><I>Comprehensive Financial Cost</I></B></P>
<P style="text-align: left;"> Comprehensive financial cost in the first quarter 2009 represented an income of Ps. 60 million compared with an expense of Ps. 24 million in the same period 2010. Net interest expense was Ps. 4 million in the first quarter 2009 compared with a gain of Ps. 3 million in the same period 2010. At the same time, we registered an exchange gain of Ps. 64 million in the first quarter 2009 compared with an exchange loss of Ps. 27 million in the same period 2010, reflecting a 4.55% revaluation of the peso versus the dollar in the first quarter 2010 compared to the same period of 2009.</P>
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<P style="text-align: left;"> <B><I>Other Expenses (Income) net</I></B></P>
<P style="text-align: left;"> The company recorded other income net of Ps. 2 million in the first quarter 2009 compared to other income net of Ps. 10 million in the same period 2010.</P>
<P style="text-align: left;"> <B><I>Income Taxes</I></B></P>
<P style="text-align: left;"> Income Taxes recorded a provision of Ps. 7 million in the first quarter 2009 (including the provision of Ps. 167 million of deferred income taxes) compared to Ps. 21 million in the same period of 2010 (including the benefits of Ps. 2 million of deferred income taxes).</P>
<P style="text-align: left;"> <B><I>Net Income</I></B></P>
<P style="text-align: left;"> As a result of the foregoing, net income increased 31% to Ps. 577 million in the first quarter 2010 from Ps. 440 million in the same period 2009.</P>
<P style="text-align: left;"> <B><I>Liquidity and Capital Resources</I></B></P>
<P style="text-align: left;"> As of March 31, 2010, Simec&#146;s total consolidated debt consisted of U.S. &#36;302,000 of 8 7/8% medium-term notes (&#147;MTN&#146;s&#148;) due 1998, or Ps. 3.7 million (accrued interest on March 31, 2010 was U.S. &#36;425,189, or Ps. 5.3 million). As of December 31, 2009, Simec&#146;s total consolidated debt consisted of U.S. &#36;302,000 of 8 7/8% medium-term notes (&#147;MTN&#146;s&#148;) due 1998 (accrued interest on December 31, 2009 was U.S. &#36;418,176).</P>
<P style="text-align: left;"> <B>Comparative first quarter 2010 vs fourth quarter 2009</B></P>
<P style="text-align: left;"> <B><I>Net Sales</I></B></P>
<P style="text-align: left;"> Net sales increased 26% from Ps. 5,056 million in the fourth quarter 2009 to Ps. 6,393 million in the first quarter 2010. Sales in tons of finished steel increased 14% to 604 thousand tons in the first quarter 2010 compared with 531 thousand tons in the fourth quarter 2009. The total sales outside of Mexico for the first quarter 2010 increased 18% to Ps. 3,380 million compared with Ps. 2,864 million for the fourth quarter 2009. Total Mexican sales increased 37% from Ps. 2,192 million in the fourth quarter 2009 to Ps. 3,013 million in the first quarter 2010. Prices of finished products sold in the first quarter 2010 increased 11% compared to the fourth quarter 2009.</P>
<P style="text-align: left;"> <B><I>Direct Cost of Sales</I></B></P>
<P style="text-align: left;"> Direct cost of sales was similar in the fourth quarter 2009 from Ps. 5,279 million to Ps. 5,269 million in the first quarter 2010. With respect to sales, in the first quarter 2010, the direct cost of sales represents 82% compared to 104% for the fourth quarter 2009. The average cost of raw materials used to produce steel products decreased 12% in the first quarter 2010 versus the fourth quarter 2009, primarily as a result of decreases in the price of scrap and certain other raw materials.</P>
<P style="text-align: left;"> <B><I>Marginal Profit (Loss) </I></B></P>
<P style="text-align: left;"> Marginal profit for the first quarter 2010 increased to Ps. 1,124 million compared with the loss profit of Ps. 223 million in the fourth quarter 2009. The marginal profit as a percentage of net sales for the first quarter 2010 was 18% compared with a loss of 4% for the fourth quarter of 2009. The increase in marginal profit is due to the decrease in the cost of raw materials used to produce steel products and increase of shipments.</P>
<P style="text-align: left;"> <B><I>Operating Expenses</I></B></P>
<P style="text-align: left;"> Operating expenses increased to Ps. 512 million
  in the first quarter 2010 versus Ps. 505 million in the fourth quarter 2009.
  Operating expenses as a percentage of net sales represented 8% during the first
  quarter 2010 and 10% the fourth quarter 2009.</P>
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<P style="text-align: left;"> <B><I>Operating Income (Loss) </I></B></P>
<P style="text-align: left;">Operating income was Ps. 612 million in the first
  quarter 2010 compared to Ps. 728 million of operating loss in the fourth quarter
  2009. The operating income as a percentage of net sales in the first quarter
  2010 was 10% compared to a operating loss of 14% in the fourth quarter 2009.
  The increase in operating income is due to the decrease in the cost of raw materials
  used to produce steel products and the major shipments in the first quarter
  2010.</P>
<P style="text-align: left;"> <B><I>Comprehensive Financial Cost</I></B></P>
<P style="text-align: left;"> Comprehensive financial cost for the first quarter 2010 represented an expense of Ps. 24 million compared with an expense of Ps. 38 million for the fourth quarter 2009. Net interest income was Ps. 3 million in the first quarter 2010 compared with Ps. 7 million of net interest income in the fourth quarter 2009. At the same time we registered an exchange loss of Ps. 27 million in the first quarter 2010 compared with an exchange loss of Ps. 45 million in the fourth quarter 2009.</P>
<P style="text-align: left;"> <B><I>Other Income (Expenses), Net</I></B></P>
<P style="text-align: left;"> The company recorded other income net of Ps. 10 million in the first quarter 2010 compared with other income net of Ps. 27 million for the fourth quarter 2009.</P>
<P style="text-align: left;"> <B><I>Income Taxes</I></B></P>
<P style="text-align: left;"> Income Taxes for the first quarter 2010 was an expense of Ps. 21 million compared to Ps. 727 million of income for the fourth quarter 2009.</P>
<P style="text-align: left;"> <B><I>Net Income (Loss)</I></B></P>
<P style="text-align: left;"> As a result of the foregoing, net income was Ps. 577 million in the first quarter 2010 compared to Ps. 12 million of net loss in the fourth quarter 2009.</P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR valign="bottom">
    <TD align=center> <B>(Millions of pesos)</B></TD>
    <TD align=center> <B>1Q &#145;10</B></TD>
    <TD align=center> <B>1Q &#145;09</B></TD>
    <TD align=center> <B>4Q &#145;09</B></TD>
    <TD align=center> <B>1Q &#145;10 vs<br>
      1Q &#145;09</B></TD>
    <TD align=center> <B>1Q &#145;10 vs<br>
      4Q &#145;09</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Sales</TD>
    <TD align=right> 6,393</TD>
    <TD align=right> 5,081</TD>
    <TD align=right> 5,056</TD>
    <TD align=right> 26%</TD>
    <TD align=right> 26%</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Cost of Sales</TD>
    <TD align=right> 5,269</TD>
    <TD align=right> 4,111</TD>
    <TD align=right> 5,279</TD>
    <TD align=right> 28%</TD>
    <TD align=right> 0%</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Marginal Profit (Loss)</TD>
    <TD align=right> 1,124</TD>
    <TD align=right> 970</TD>
    <TD align=right> (223)</TD>
    <TD align=right> 16%</TD>
    <TD align=right> 604%</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Operating Expenses</TD>
    <TD align=right> 512</TD>
    <TD align=right> 585</TD>
    <TD align=right> 505</TD>
    <TD align=right> (12%)</TD>
    <TD align=right> 1%</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Operating Income (Loss)</TD>
    <TD align=right> 612</TD>
    <TD align=right> 385</TD>
    <TD align=right> (728)</TD>
    <TD align=right> 59%</TD>
    <TD align=right> 184%</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> EBITDA</TD>
    <TD align=right> 870</TD>
    <TD align=right> 660</TD>
    <TD align=right> 36</TD>
    <TD align=right> 32%</TD>
    <TD align=right> 2,317%</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Net Income (Loss)</TD>
    <TD align=right> 577</TD>
    <TD align=right> 440</TD>
    <TD align=right> (12)</TD>
    <TD align=right> 31%</TD>
    <TD align=right> 4,908%</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Sales outside Mexico</TD>
    <TD align=right> 3,380</TD>
    <TD align=right> 2,222</TD>
    <TD align=right> 2,864</TD>
    <TD align=right> 52%</TD>
    <TD align=right> 18%</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Sales in M&eacute;xico</TD>
    <TD align=right> 3,013</TD>
    <TD align=right> 2,859</TD>
    <TD align=right> 2,192</TD>
    <TD align=right> 5%</TD>
    <TD align=right> 37%</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Total sales (tons)</TD>
    <TD align=right> 604</TD>
    <TD align=right> 506</TD>
    <TD align=right> 531</TD>
    <TD align=right> 19%</TD>
    <TD align=right> 14%</TD>
  </TR>
</TABLE>
<BR>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="bottom">
    <TD> <B>Product</B></TD>
    <TD> <B>Thousands<br>
      of tons<br>
      1Q &#145;10</B></TD>
    <TD> <B>Millions of<br>
      pesos<br>
      1Q &#145;10</B></TD>
    <TD> <B>Average<br>
      price per<br>
      ton 1Q &#145;10</B></TD>
    <TD> <B>Thousands<br>
      of tons<br>
      1Q &#145;09</B></TD>
    <TD> <B>Millions<br>
      of pesos<br>
      1Q &#145;09</B></TD>
    <TD> <B>Average<br>
      price per<br>
      ton<br>
      1Q &#145;09</B></TD>
    <TD> <B>Thousands<br>
      of tons<br>
      4Q &#145;09</B></TD>
    <TD> <B>Millions<br>
      of pesos<br>
      4Q &#145;09</B></TD>
    <TD> <B>Average<br>
      price per<br>
      ton<br>
      4Q &#145;09</B></TD>
  </TR>

  <TR valign="bottom">
    <TD align=left> <B>Commercial<br>
      Profiles</B></TD>
    <TD align=right> 284</TD>
    <TD align=right> 2,488</TD>
    <TD align=right> 12,203</TD>
    <TD align=right> 283</TD>
    <TD align=right> 2,412</TD>
    <TD align=right> 8,526</TD>
    <TD align=right> 236</TD>
    <TD align=right> 1,719</TD>
    <TD align=right> 7,283</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>Special Profiles</B></TD>
    <TD align=right> 320</TD>
    <TD align=right> 3,905</TD>
    <TD align=right> 8,760</TD>
    <TD align=right> 223</TD>
    <TD align=right> 2,668</TD>
    <TD align=right> 11,964</TD>
    <TD align=right> 295</TD>
    <TD align=right> 3,337</TD>
    <TD align=right> 11,313</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>Total</B></TD>
    <TD align=right> 604</TD>
    <TD align=right> 6,393</TD>
    <TD align=right> 10,584</TD>
    <TD align=right> 506</TD>
    <TD align=right> 5,081</TD>
    <TD align=right> 10,041</TD>
    <TD align=right> 531</TD>
    <TD align=right> 5,056</TD>
    <TD align=right> 9,522</TD>
  </TR>
</TABLE>
<BR>
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<P style="text-align: left;"> <I>Any forward-looking information contained herein is inherently subject to various risks, uncertainties and assumptions which, if incorrect, may cause actual results to vary materially from those anticipated, expected or estimated. The company assumes no obligation to update any forward-looking information contained herein.</I></P>
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<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>FINANCIAL STATEMENT NOTES</B></P>
<P style="text-align: right;"> CONSOLIDATED</P>
<P style="text-align: left;"> <B>(1) Operations preparation bases and summary of significant accounting policies:</B></P>
<P style="text-align: left;"> Grupo Simec, S.A. de C.V. and its Subsidiaries (&#147;the Company&#148;) are subsidiaries of Industrias CH, S.A. de C.V. (&#147;ICH&#148;), and their main activities consist of the manufacturing and sale of steel products primarily destined for the construction sector of Mexico and other countries.</P>
<P style="text-align: left;"> Significant accounting policies and practices followed by the Companies which affect the principal captions of the financial statements are described below:</P>
<P style="text-align: left;"> <B>a. Financial statement presentation &#150;</B> Below is a summary of the most significant accounting policies and practices used in the preparation of the consolidated financial statements, in conformity with Mexican Financial Reporting Standards (MFRS), which include Bulletins and Circulars issued by the Accounting Principles Commission (CPC) of the Mexican Institute of Public Accountants (IMCP) which have not been amended, replaced or abrogated by MFRS issued by the Mexican Financial Reporting Standards Research and Development Board (Consejo Mexicano para la Investigaci&oacute;n y Desarrollo de Normas de Informaci&oacute;n Financiera, A.C. (CINIF)</P>
<P style="text-align: left;"> <B>b. </B>All significant intercompany balances and transactions have been eliminated in consolidation.</P>
<P style="text-align: left;"> <B>c. Cash and cash equivalents &#150; </B>The Company considers short-term investments with original maturities not greater than three months to be cash equivalent. Cash equivalents include temporary investments and Mexican Government Treasury Bonds, and are stated at market value, which approximates cost plus earned interest. Any increase in market value is credited to operations for the period.</P>
<P style="text-align: left;"> <B>d. Inventories &#150; </B>Domestic subsidiaries&#146; inventories are recorded initially at average cost under the direct costing system. Foreign subsidiaries&#146; inventories are valued on a last-in, first-out (LIFO). For translation effects into MFRS the inventories have been adjusted from LIFO to average cost under the direct costing system.</P>
<P style="text-align: left;"> Billet finished goods and work in process, raw materials and materials, supplies and rollers - At the average cost.</P>
<P style="text-align: left;"> The Company presents as non-current inventories the rollers and spare parts, which according to historical data and production trends will not be used within a one-year period.</P>
<P style="text-align: left;"> <B>e. Derivative financial instruments</B> <b>&#150;</b> During 2010, 2009 and 2008 the Company used derivative financial instruments for hedging risks associated with natural gas prices for which it conducted studies on historical consumption, future requirement and commitments acquired, thus diminishing its exposure to risks other than its normal operating risks.</P>
<P style="text-align: left;"> To mitigate the risks associated with changes in natural gas prices occurring naturally as a result of the supply and demand on international markets, the Company uses natural gas cash-flow exchange contracts or natural gas swaps to offset fluctuations in the price of natural gas, whereby the Company receives a floating price and pays a fixed price. Fluctuations in natural gas prices from volumes consumed are recognized as part of the Company&#146;s operating cost.</P>
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<P style="text-align: left;"> The fair value of these assets or liabilities is restated at the end of each month based on the new estimate. The Company periodically evaluates the changes in cash flows of the derivative instrument to analyze if the swaps are highly effective for mitigating the exposure to natural gas price fluctuations. A hedge instrument is considered to be highly effective when changes in its fair value or cash flows of the primary position are compensated on a regular or cumulatively basis, by changes in fair value or cash flows of the hedging instrument in a range between 80% and 125%. In 2010, 2009 and 2008 the fair value of derivatives that did not qualify for hedge accounting was adjusted through Statement of Income. For the derivatives that qualified for hedge accounting their fair value was adjusted through
the Stockholders&#146; equity in the caption Fair value of derivative financial instruments until such time as the related item the derivative hedges is recognized in
income. At that time, the fair value included in Stockholders&#146; equity is also recognized in income. The Company is using derivative financial instruments for hedging risks associated with natural gas prices and conducted studies on historical consumption, future requirements and commitments; thus it avoided exposure to risks other than the normal operating risks. Management of the Company examines its financial risks by continually analyzing price, credit and liquidity risks.</P>
<P style="text-align: left;"> <B>f. Property, plant and equipment &#150; </B>Property, plant and equipment of domestic origin are restated by using factors derived from The National Consumer Price Index (&#147;NCPI&#148;) from the date of their acquisition, and imported machinery and equipment are restated by applying devaluation and inflation factors of the country of origin, until December 31, 2007. Depreciation recorded in the consolidated statement of income (loss) is computed based upon the estimated useful life and the restated cost of each asset. In addition, Financial expense incurred during the construction period is capitalized as construction in progress. The estimated useful lives of assets as of March 31, 2010 are as follows:</P>
<TABLE width=600 border=0 align="center" cellpadding="0" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=center> <U>Years</U></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Buildings</TD>
    <TD align=center> 15 to 50</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Machinery and equipment</TD>
    <TD align=center> 10 to 40</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Buildings and improvements (Republic)</TD>
    <TD align=center>10 to 25</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Land improvements (Republic)</TD>
    <TD align=center> 5 to 25 </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Machinery and equipment (Republic)</TD>
    <TD align=center> 5 to 20</TD>
  </TR>
</TABLE>
<P style="text-align: left;"> <B>g. Other assets &#150; </B>Organization and pre-operating expenses are capitalized and their amortization is calculated by the straight-line method over a period of 20 years.</P>
<P style="text-align: left;"> <B>h. Seniority premiums and severance payments &#150; </B>According to Federal Labor Law, employees are entitled to seniority premiums after fifteen years or more of services. These premiums are recognized as expenses in the years in which the services are rendered, using actuarial calculations based on the projected unit credit method, and since 1996 by applying real interest and salary increases.</P>
<P style="text-align: left;"> Any other payments to which employees may be entitled in case of separation, disability or death, are charged to operations in the period in which they become payable.</P>
<P style="text-align: left;"> <B>i. Pension plan &#150; </B>Until 1995, the Company provided pension benefits for all personnel with a minimum of 10 years of service and 35 years of age. The Company had established an irrevocable trust for its contributions, which were based on actuarial calculations. In December 1995, the board of directors of the Company, in agreement with the trade union, discontinued these benefits and related contributions to the trust fund. This decision was made because of the new Mexican pension fund system, Administradoras de Fondos para el Retiro, which establishes similar benefits for the employees. The balance of the trust fund will be applied to the retirement benefits of qualifying employees until the fund is exhausted due to the irrevocable status of the fund.</P>
<P style="text-align: left;"> The Company does not have any contractual obligation regarding the payment of pensions of retirements.</P>
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<P style="text-align: left;"> <B>j. Income taxes &#150; </B>In 1999, the Mexican Institute of Public Accountants issued Bulletin D-4, &#147;Accounting for Income and Asset Taxes and Employee Profit Sharing&#148;, which is effective for all fiscal years beginning January 1, 2000. Bulletin D-4 establishes financial accounting and reporting standards for the effects of asset tax, income tax and employee profit sharing that result from enterprise activities during the current and preceding years.</P>
<P style="text-align: left;"> The Company and its subsidiaries are included in the consolidated tax returns of the company&#146;s parent.</P>
<P style="text-align: left;"> <B>k. Foreign currency transactions and exchange differences &#150; </B>All transactions in foreign currency are recorded at the exchange rates prevailing on the date of their execution or liquidation. Foreign currency denominated assets and liabilities are translated at the exchange rates prevailing at the balance sheet date. Any exchange differences incurred with regard to assets or liabilities denominated in foreign currency are charged to operations of the period and are included in financial income (expense) in the accompanying consolidated statements of income (loss).</P>
<P style="text-align: left;"> For consolidation purposes, the financial statements of the foreign subsidiaries, were translated into pesos in conformity with Mexican accounting Bulletin MFRS B-15, Transactions in Foreign Currency.</P>
<P style="text-align: left;"> The first step in the process of conversion of financial information of the operations is the determination of the functional currency, which is in first instance the currency of primary the economic surroundings of the foreign operation; nevertheless, despite the previous thing, the functional currency can differ from the premises or registry, in the measurement that this one does not represent the currency that fundamentally affects the cash flow of the operations abroad. The financial statements of the foreign subsidiaries were turned to Mexican pesos with the following procedure:</P>
<P style="text-align: left;"> &#150; Applying the prevailing exchange rate at the consolidated balance date for monetary assets and liabilities.</P>
<P style="text-align: left;"> &#150; Applying the prevailing historical exchange rate for nonmonetary assets and liabilities and for stockholders&#146; equity accounts.</P>
<P style="text-align: left;"> &#150; Applying the prevailing the historical exchange rate at the consolidated balance sheet date for revenues and expenses during the reporting period </P>
<P style="text-align: left;">&#150; The resulting effect of translation, the process of consolidation and to apply the participation method, is recorded in stockholders&#146; equity under the accumulated effect by conversion forming part of the Comprehensive Income.</P>
<P style="text-align: left;"> <B>l. Geographic concentration of credit risk &#150; </B>The Company sells its products primarily to distributors for the construction industry with no specific geographic concentration. Additionally, no single customer accounted for a significant amount of the Company&#146;s sales, and there were no significant accounts receivable from a single customer or affiliate at March 31, 2010 sales to five customers accounted for approximately 26% of the Republic&#146;s sales. The Company performs evaluations of its customers&#146; credit histories and establishes and allowance for doubtful accounts based upon the credit risk of specific customers and historical trends.</P>
<P style="text-align: left;"> <B>m. Other income (expenses) &#150; </B>Other income (expenses) shown in the consolidated statements of operations primarily includes other financial operations.</P>
<P style="text-align: left;"> <B>(2) Financial Debt:</B></P>
<P style="text-align: left;"> As of March 31, 2010, Simec&#146;s total consolidated debt consisted of U.S. &#36;302,000 of 8 7/8% medium-term notes (&#147;MTN&#146;s&#148;) due 1998, or Ps. 3.7 million (accrued interest on March 31, 2010 was U.S. &#36;425,189, or Ps. 5.3 million). As of December 31, 2009, Simec&#146;s total consolidated debt consisted of U.S. &#36;302,000 of 8 7/8% medium-term notes (&#147;MTN&#146;s&#148;) due 1998 (accrued interest on December 31, 2009 was U.S. &#36;418,176).</P>
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<P style="text-align: left;"> <B>(3) Commitments and contingent liabilities: </B></P>
<P style="text-align: left;">a. Pacific Steel, Inc. (a wholly-owned subsidiary located in the U.S.A.) has been named in various claims and suits relating to the generation, storage, transport, disposal and cleanup of materials classified as hazardous waste. The Company has accrued approximately Ps. 5,287 (U.S. &#36;424,207) at March 31, 2010, (included in accrued liabilities) relating to these actions; the reduction of this reserve from previous levels reflects clean-up activities undertaken by Simec. Management believes the ultimate liability with respect to this matter will not exceed the amounts that have been accrued.</P>
<P style="text-align: left;"> b. The Company is subject to various other legal proceeding and claims, which have arisen, in the ordinary course of its business. It is the opinion of management that their ultimate resolution will not have a material adverse effect on the Company&#146;s consolidated financial position or consolidated results of operations.</P>
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<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>RELATIONS OF SHARES INVESTMENTS</B></P>
<P style="text-align: right;"> CONSOLIDATED</P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="top">
    <TD> COMPANY NAME </TD>
    <TD> MAIN ACTIVITIES </TD>
    <TD> NUMBER OF <br>
      SHARES</TD>
    <TD> OWNERSHIP </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> SUBSIDIARIES</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Cia Siderurgica de Guadalajara</TD>
    <TD align=center> Production and sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 99.99</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Simec International</TD>
    <TD align=center> Production and sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 99.99</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Arrendadora Simec</TD>
    <TD align=center> Production and sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Undershaft</TD>
    <TD align=center> Sub-Holding</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Pacific Steel</TD>
    <TD align=center> Scrap purchase</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Cia. Sider&uacute;rgica del Pac&iacute;fico</TD>
    <TD align=center> Rent of land</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 99.99</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Coordinadora de Servicios Sider&uacute;rgicos de Calidad</TD>
    <TD align=center> Administrative services</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Comercializadora Simec</TD>
    <TD align=center> Sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 99.99</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Industrias del Acero y del Alambre</TD>
    <TD align=center> Sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 99.99</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Procesadora Mexicali</TD>
    <TD align=center> Scrap purchase</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 99.99</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Servicios Simec</TD>
    <TD align=center> Administrative services</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Sistemas de Transporte de Baja California</TD>
    <TD align=center> Freight services</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Operadora de Metales</TD>
    <TD align=center> Administrative services</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Operadora de Servicios Sider&uacute;rgicos de Tlaxcala</TD>
    <TD align=center> Administrative services</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Administradora de Servicios Sider&uacute;rgicos de Tlaxcala</TD>
    <TD align=center> Administrative services</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Operadora de Servicios de la Industria Sider&uacute;rgica</TD>
    <TD align=center> Administrative services</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> SimRep</TD>
    <TD align=center> Sub-Holding</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 50.22</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Republic Engineered Products</TD>
    <TD align=center> Production and sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 50.22</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> CSG Comercial</TD>
    <TD align=center> Sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 99.95</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Comercializadora de Productos de Aceros de Tlaxcala</TD>
    <TD align=center> Sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 99.95</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Sider&uacute;rgica de Baja California</TD>
    <TD align=center> Sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 99.95</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Corporaci&oacute;n Aceros DM</TD>
    <TD align=center> Sub-Holding</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 99.99</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Productos Siderurgicos de Tlaxcala</TD>
    <TD align=center> Sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Comercializadora MSAN</TD>
    <TD align=center> Sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Comercializadora Aceros DM</TD>
    <TD align=center> Sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Promotora de Aceros San Luis</TD>
    <TD align=center> Sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Arrendadora Norte de Matamoros</TD>
    <TD align=center> Land</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 85.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Procesadora Industrial</TD>
    <TD align=center> Administrative services</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 99.99</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Acero Transporte San</TD>
    <TD align=center> Freight services</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Simec International 2</TD>
    <TD align=center> Production and sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 99.99</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Simec International 3</TD>
    <TD align=center> Production and sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 99.99</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Simec International 4</TD>
    <TD align=center> Production and sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 99.99</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Simec International 5</TD>
    <TD align=center> Production and sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 99.99</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Simec Acero</TD>
    <TD align=center> Sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Simec USA</TD>
    <TD align=center> Sales of steel products</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Pacific Projects</TD>
    <TD align=center> Administrative services</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 100.00</TD>
  </TR>
  <TR>
    <TD colspan=4>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>TOTAL INVESTMENT IN SUBSIDIARIES</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>ASSOCIATEDS</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>TOTAL INVESTMENT IN ASSOCIATEDS</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>OTHER PERMANENT INVESTMENTS</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 0.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>TOTAL</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 0</TD>
  </TR>
</TABLE>
<P style="text-align: left;"> NOTES</P>
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<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>CREDITS BREAK DOWN</B><BR>
<B>(THOUSANDS OF MEXICAN PESOS)</B></P>
<P style="text-align: right;"> CONSOLIDATED</P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center colspan=6> <B>Denominated in Pesos<br>
      (Thousands of Pesos)</B></TD>
    <TD colspan="6" align=center><b>Denominated in Foreign Currency<br>
      (Thousands
      of Pesos)</b> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>Credit Type /<br>
      Institution</B></TD>
    <TD align=center valign="top"> <B>Amortization<br>
      Date</B></TD>
    <TD align=center valign="top"> <B>Rate of<br>
      Interest</B></TD>
    <TD colspan="6" align=center> <B>Time Interval</B> </TD>
    <TD colspan="6" align=center> <B>Time Interval</B> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center> <B>Current<br>
      Year</B></TD>
    <TD align=center> <B>Until 1<br>
      Year</B></TD>
    <TD align=center> <B>Until 2<br>
      Years</B></TD>
    <TD align=center> <B>Until 3<br>
      Years</B></TD>
    <TD align=center> <B>Until 4<br>
      Years</B></TD>
    <TD align=center> <B>Until 5<br>
      Years<br>
      or<br>
      More </B></TD>
    <TD align=center> <B>Current<br>
      Year</B></TD>
    <TD align=center> <B>Until 1<br>
      Year</B></TD>
    <TD align=center> <B>Until 2<br>
      Years</B></TD>
    <TD align=center> <B>Until 3<br>
      Years</B></TD>
    <TD align=center> <B>Until 4<br>
      Years</B></TD>
    <TD align=center> <B>Until 5<br>
      Years or<br>
      More </B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
    <TD align=center>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>BANKS</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>TOTAL<br>
      BANKS</B></TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>LISTED IN<br>
      THE<br>
      STOCK<br>
      EXCHANGE</B></TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>UNSECURED<br>
      DEBT</B></TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Medium Term<br>
      Notes</TD>
    <TD align=right> 15/12/1998</TD>
    <TD align=right> 9.33</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 3,764</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>TOTAL<br>
      STOCK<br>
      EXCHANGE</B></TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 3,764</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>SUPPLIERS</B></TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Various</TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right> 645,595</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 1,657,531</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>TOTAL<br>
      SUPPLIERS</B></TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right> 645,595</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 1,657,531</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>OTHER<br>
      LOANS WITH<br>
      COST</B></TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>0.25 </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right> 774,315</TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>TOTAL</B></TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<BR>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR valign="bottom">
    <TD width="11%" align=left> <B>OTHER<br>
      CURRENT<br>
      LIABILITIES<br>
      WITHOUT<br>
      COST</B></TD>
    <TD width="10%" align=left>&nbsp;</TD>
    <TD width="6%" align=left>&nbsp;</TD>
    <TD width="6%" align=left>&nbsp; </TD>
    <TD width="5%" align=left>&nbsp;</TD>
    <TD width="5%" align=left>&nbsp; </TD>
    <TD width="6%" align=left>&nbsp; </TD>
    <TD width="5%" align=left>&nbsp;</TD>
    <TD width="6%" align=left>&nbsp; </TD>
    <TD width="7%" align=left>&nbsp; </TD>
    <TD width="6%" align=left>&nbsp;</TD>
    <TD width="6%" align=left>&nbsp; </TD>
    <TD width="6%" align=left>&nbsp;</TD>
    <TD width="6%" align=left>&nbsp; </TD>
    <TD width="9%" align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> Various</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right> 610,247</TD>
    <TD align=right>0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right>0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 418,499</TD>
    <TD align=right>0</TD>
    <TD align=right> 0</TD>
    <TD align=right>0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>TOTAL</B></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right> 610,247</TD>
    <TD align=right>0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right>0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 418,499</TD>
    <TD align=right>0</TD>
    <TD align=right> 0</TD>
    <TD align=right>0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>TOTAL</B></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right> 1,255,842</TD>
    <TD align=right>0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right>0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 2,854,109</TD>
    <TD align=right>0</TD>
    <TD align=right> 0</TD>
    <TD align=right>0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
</TABLE>
<P style="text-align: left;"> <B>NOTES: </B>The exchange rate of the peso to the U.S. Dollar at March 31, 2010 was Ps. 12.464</P>
<HR noshade align="center" width="100%" size="5">
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<BR>
<P style="text-align: center;"> <b>MEXICAN STOCK EXCHANGE<BR>
  SIFIC / ICS</b></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>MONETARY FOREIGN CURRENCY POSITION</B><BR>
<B>(Thousands of Mexican Pesos)</B></P>
<P style="text-align: right;"> <B>CONSOLIDATED</B></P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="bottom">
    <TD>&nbsp; </TD>
    <TD colspan=2> <B>DOLLARS</B></TD>
    <TD colspan=2> <B>OTHER CURRENCIES</B></TD>
    <TD> <B>TOTAL</B></TD>
  </TR>
  <TR align="center" valign="bottom">
    <TD valign="top"> <B>FOREIGN CURRENCY POSITION</B> </TD>
    <TD> <B>THOUSANDS</B> <B><br>
      OF DOLLARS</B></TD>
    <TD> <B>THOUSANDS</B> <B><br>
      OF PESOS</B></TD>
    <TD> <B>THOUSANDS</B> <B><br>
      OF DOLLARS</B></TD>
    <TD> <B>THOUSANDS</B> <B><br>
      OF PESOS</B></TD>
    <TD> <B>THOUSANDS</B> <B><br>
      OF PESOS</B></TD>
  </TR>
  <TR>
    <TD colspan=6>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=6>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>TOTAL ASSETS</B></TD>
    <TD align=right> <B>362,884</B></TD>
    <TD align=right> <B>4,522,977</B></TD>
    <TD align=right> <B>1</B></TD>
    <TD align=right> <B>13</B></TD>
    <TD align=right> <B>4,522,990</B></TD>
  </TR>
  <TR>
    <TD colspan=6>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>LIABILITIES POSITION</B></TD>
    <TD align=right> <B>229,570</B></TD>
    <TD align=right> <B>2,861,381</B></TD>
    <TD align=right> <B>192</B></TD>
    <TD align=right> <B>2,399</B></TD>
    <TD align=right> <B>2,863,780</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> SHORT TERM LIABILITIES POSITION</TD>
    <TD align=right> 229,570</TD>
    <TD align=right> 2,861,381</TD>
    <TD align=right> 192</TD>
    <TD align=right> 2,399</TD>
    <TD align=right> 2,863,780</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> LONG TERM LIABILITIES POSITION</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
    <TD align=right> 0</TD>
  </TR>
  <TR>
    <TD colspan=6>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>NET BALANCE</B></TD>
    <TD align=right> <B>133,314</B></TD>
    <TD align=right> <B>1,661,596</B></TD>
    <TD align=right> <B>(191)</B></TD>
    <TD align=right> <B>(2,386)</B></TD>
    <TD align=right> <B>1,659,210</B></TD>
  </TR>
</TABLE>
<P style="text-align: left;"> <B>NOTES</B></P>
<P style="text-align: left;"> THE EXCHANGE RATE OF THE PESO TO THE U.S. DOLLAR AT MARCH 31, 20109 WAS PS. 12.4640</P>
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<BR>
<P style="text-align: center;"> <b>MEXICAN STOCK EXCHANGE<BR>

SIFIC / ICS</b></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>DEBT INSTRUMENTS</B></P>
<P style="text-align: right;"> <B>CONSOLIDATED</B></P>
<P style="text-align: left;"> <B>FINANCIAL LIMITED BASED IN ISSUED DEED AND/OR TITLE</B></P>
<P style="text-align: center;"> <B>MEDIUM TERM NOTES</B></P>
<TABLE width="100%" border=0 cellpadding="0" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR>
    <TD width="3%" valign=top nowrap>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD width="3%" valign=top nowrap> A)&nbsp; &nbsp; &nbsp; </TD>
    <TD> <P align="left">Current assets to current liabilities must be 1.0 times
        or more.</P></TD>
  </TR>
  <TR>
    <TD colspan=3>&nbsp;</TD>
  </TR>
  <TR>
    <TD nowrap valign=top>&nbsp;</TD>
    <TD nowrap valign=top> B)&nbsp; &nbsp; &nbsp; </TD>
    <TD> <P align="left">Total liabilities to total assets do not be more than
        0.60.</P></TD>
  </TR>
  <TR>
    <TD colspan=3>&nbsp;</TD>
  </TR>
  <TR>
    <TD nowrap valign=top>&nbsp;</TD>
    <TD nowrap valign=top> C)&nbsp; &nbsp; &nbsp; </TD>
    <TD> <P align="left">Operating income plus items added to income which do
        not require using cash must be 2.0 times or more.</P></TD>
  </TR>
  <TR>
    <TD nowrap valign=top>&nbsp;</TD>
    <TD nowrap valign=top>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD nowrap valign=top>&nbsp;</TD>
    <TD colspan="2" valign=top nowrap>This notes was offered in the international
      market.</TD>
  </TR>
</TABLE>
<P style="text-align: center;"><B>ACTUAL SITUATION OF FINANCIAL LIMITED</B></P>
<P style="text-align: left;"> MEDIUM TERM NOTES</P>
<TABLE width="100%" border=0 cellpadding="0" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR>
    <TD width="3%" valign=top nowrap>&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD width="3%" valign=top nowrap> A)&nbsp; &nbsp; &nbsp; </TD>
    <TD> <P align="left">Accomplished the actual situation is 3.10 times.</P></TD>
  </TR>
  <TR>
    <TD colspan=3>&nbsp;</TD>
  </TR>
  <TR>
    <TD nowrap valign=top>&nbsp;</TD>
    <TD nowrap valign=top> B)&nbsp; &nbsp; &nbsp; </TD>
    <TD> <P align="left">Accomplished the actual situation is 0.26</P></TD>
  </TR>
  <TR>
    <TD colspan=3>&nbsp;</TD>
  </TR>
  <TR>
    <TD nowrap valign=top>&nbsp;</TD>
    <TD nowrap valign=top> C)&nbsp; &nbsp; &nbsp; </TD>
    <TD> <P align="left">Accomplished the actual situation is 89.66</P></TD>
  </TR>
  <TR>
    <TD nowrap valign=top>&nbsp;</TD>
    <TD nowrap valign=top>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD colspan="2" valign=top nowrap>As of March 31, 2010, the remaining balance
      of the MTNs not exchanged amounts to Ps. 3,764 (&#36;302,000 dollars).</TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD colspan="2" valign=top nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD valign=top nowrap>&nbsp;</TD>
    <TD colspan="2" valign=top nowrap>C.P. Adolfo Luna Luna<br>
      Chief Financial Officer</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>BONDS AND/OR MEDIUM TERM NOTES CERTIFICATE</B></P>
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<BR>
<P style="text-align: center;"> <b>MEXICAN STOCK EXCHANGE<BR>

SIFIC / ICS</b></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>PLANTS, COMMERCE CENTERS OR DISTRIBUTION CENTERS</B></P>
<P style="text-align: right;"> <B>CONSOLIDATED</B></P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="top">
    <TD> <B>PLANT OR CENTER</B></TD>
    <TD> <B>ECONOMIC ACTIVITY</B></TD>
    <TD> <B>PLANT<br>
      CAPACITY</B></TD>
    <TD><b>UTILIZATION (%)</b> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="top">GUADALAJARA MINI MILL </TD>
    <TD align=left> PRODUCTION AND SALES OF STEEL<br>
      PRODUCTS</TD>
    <TD align=center> 480</TD>
    <TD align=center> 77.11</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="top">MEXICALI MINI MILL </TD>
    <TD align=left> PRODUCTION AND SALES OF STEEL<br>
      PRODUCTS</TD>
    <TD align=center> 250</TD>
    <TD align=center> 82.14</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="top">APIZACO AND CHOLULA PLANTS </TD>
    <TD align=left> PRODUCTION AND SALES OF STEEL<br>
      PRODUCTS</TD>
    <TD align=center> 460</TD>
    <TD align=center> 72.07</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="top"> CANTON CASTER FACILITY</TD>
    <TD align=left> PRODUCTION OF BILLET</TD>
    <TD align=center> 1,380</TD>
    <TD align=center> 70.30</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="top"> LORAIN CASTER FACILITY</TD>
    <TD align=left> PRODUCTION OF BILLET</TD>
    <TD align=center> 1,150</TD>
    <TD align=center> 0.00</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="top">LORAIN HOT-ROLLING MILL </TD>
    <TD align=left> PRODUCTION AND SALES OF STEEL<br>
      PRODUCTS</TD>
    <TD align=center> 840</TD>
    <TD align=center> 40.30</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="top">LACKAWANNA HOT-ROLLING MILL </TD>
    <TD align=left> PRODUCTION AND SALES OF STEEL<br>
      PRODUCTS</TD>
    <TD align=center> 600</TD>
    <TD align=center> 73.90</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="top">MASSILLON COLD-FINISH FACILITY </TD>
    <TD align=left> PRODUCTION AND SALES OF STEEL<br>
      PRODUCTS</TD>
    <TD align=center> 125</TD>
    <TD align=center> 55.70</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="top">GARY COLD-FINISH FACILITY </TD>
    <TD align=left> PRODUCTION AND SALES OF STEEL<br>
      PRODUCTS</TD>
    <TD align=center> 70</TD>
    <TD align=center> 37.50</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="top">ONTARIO COLD-FINISH FACILITY </TD>
    <TD align=left> PRODUCTION AND SALES OF STEEL<br>
      PRODUCTS</TD>
    <TD align=center> 60</TD>
    <TD align=center> 67.50</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="top">SAN LUIS POTOSI COLD-FINISH FACILITY </TD>
    <TD align=left> PRODUCTION AND SALES OF STEEL<br>
      PRODUCTS</TD>
    <TD align=center> 600</TD>
    <TD align=center> 91.57</TD>
  </TR>
</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<BR>
<P style="text-align: center;"> <b>MEXICAN STOCK EXCHANGE<BR>

SIFIC / ICS</b></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>MAIN RAW MATERIALS</B></P>
<P style="text-align: right;"> <B>CONSOLIDATED</B></P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR valign="bottom">
    <TD align=left> <B>DOMESTIC</B></TD>
    <TD align=left> <B>MAIN SUPPLIERS</B></TD>
    <TD align=center> <B>FOREIGN</B></TD>
    <TD align=left> <B>MAIN SUPPLIERS</B></TD>
    <TD align=center> <B>DOMESTIC<br>
      SUBSTITUTION</B></TD>
    <TD align=center> <B>COST<br>
      PRODUCTION (%)</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> PLANTS IN USA</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left> SCRAP</TD>
    <TD align=left> VARIOUS</TD>
    <TD align=center> NO</TD>
    <TD align=center> 40.80</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> SCRAP</TD>
    <TD align=left> VARIOUS</TD>
    <TD align=left> PLANTS IN MEXICO</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=center> 54.98</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> FERROALLOYS</TD>
    <TD align=left> VARIOUS</TD>
    <TD align=left> PLANTS IN MEXICO</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=center> YES</TD>
    <TD align=center> 6.30</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> PLANTS IN USA</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left> FERROALLOYS</TD>
    <TD align=left> VARIOUS</TD>
    <TD align=center> NO</TD>
    <TD align=center> 5.90</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> ELECTRODES</TD>
    <TD align=left> VARIOUS</TD>
    <TD align=left> PLANTS IN MEXICO</TD>
    <TD align=left> VARIOUS</TD>
    <TD align=center> YES</TD>
    <TD align=center> 2.37</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> PLANTS IN USA</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left> ELECTRODES</TD>
    <TD align=left> VARIOUS</TD>
    <TD align=center> NO</TD>
    <TD align=center> 2.60</TD>
  </TR>
</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<BR>
<P style="text-align: center;"> <b>MEXICAN STOCK EXCHANGE<BR>

SIFIC / ICS</b></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>SELLS DISTRIBUTION BY PRODUCT</B></P>
<P style="text-align: right;"> <B>CONSOLIDATED</B></P>
<P style="text-align: center;"> <B>DOMESTIC SALES</B></P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="bottom">
    <TD> <B>MAIN PRODUCTS</B></TD>
    <TD colspan=2> <B>NET SALES</B></TD>
    <TD colspan=2> <B>MAIN DESTINATION</B></TD>
  </TR>
  <TR align="center" valign="bottom">
    <TD>&nbsp; </TD>
    <TD> <B>VOLUME</B></TD>
    <TD> <B>AMOUNT</B></TD>
    <TD> <B>TRADEMARKS</B></TD>
    <TD> <B>CUSTOMERS</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> COMMERCIAL PROFILES</TD>
    <TD align=right> 257</TD>
    <TD align=right> 2,272,595</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> SPECIAL PROFILES</TD>
    <TD align=right> 79</TD>
    <TD align=right> 740,217</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>T O T A L</B></TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right> <B>3,012,812</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>FOREIGN SALES</B></TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right> <B>3,380,182</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>TOTAL</B></TD>
    <TD align=right>&nbsp; </TD>
    <TD align=right> <B>6,392,994</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<BR>
<P style="text-align: center;"> <b>MEXICAN STOCK EXCHANGE<BR>

SIFIC / ICS</b></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>SELLS DISTRIBUTION BY PRODUCT</B></P>
<P style="text-align: right;"> <B>CONSOLIDATED</B></P>
<P style="text-align: center;"> <B>FOREIGN SALES</B></P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="bottom">
    <TD> <B>MAIN PRODUCTS</B></TD>
    <TD colspan="2"> <B>NET SELLS</B> </TD>
    <TD colspan="2"> <B>MAIN</B> </TD>
  </TR>
  <TR align="center" valign="bottom">
    <TD>&nbsp; </TD>
    <TD><b>VOLUME</b> </TD>
    <TD> <B>AMOUNT</B></TD>
    <TD><b>TRADEMARKS</b> </TD>
    <TD> <B>CUSTOMERS</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>EXPORTS</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> COMMERCIAL PROFILES</TD>
    <TD align=right> 27</TD>
    <TD align=right> 215,282</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> SPECIAL PROFILES</TD>
    <TD align=right> 18</TD>
    <TD align=right> 188,283</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>FOREIGN SUBSIDIARIES</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> SPECIAL PROFILES</TD>
    <TD align=right> 223</TD>
    <TD align=right> 2,976,617</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR>
    <TD colspan=5>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>T O T A L</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> <B>3,380,182</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<BR>
<P style="text-align: center;"> <b>MEXICAN STOCK EXCHANGE<BR>

SIFIC / ICS</b></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>CONSTRUCTION IN PROGRESS</B></P>
<P style="text-align: right;"> <B>CONSOLIDATED</B></P>
<P style="text-align: left;"> THE PROJECTS IN PROGRESS AT MARCH 31, 2010, ARE:</P>
<TABLE width=600 border=0 cellpadding="0" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR valign="bottom">
    <TD align=center style="TEXT-INDENT:7.000000px"> PROJECTS IN PROGRESS</TD>
    <TD align=right> TOTAL INVESTMENT</TD>
  </TR>
  <TR>
    <TD colspan=2>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> PROJECTS IN REPUBLIC</TD>
    <TD align=right> 259,158</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> PROJECTS IN MEXICALI</TD>
    <TD align=right> 5,381</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> PROJECTS IN TLAXCALA</TD>
    <TD align=right> 21,850</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> PROJECTS IN GUADALAJARA</TD>
    <TD align=right> 84,203</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> PROJECTS IN SAN LUIS POTOSI</TD>
    <TD align=right> 20,234</TD>
  </TR>
  <TR>
    <TD colspan=2>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>TOTAL INVESTMENT AT</B></TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>MARCH 31, 2010</B></TD>
    <TD align=right> <B>390,826</B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=right><hr align="right" width="47" size="2" noshade></TD>
  </TR>
</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<P style="text-align: center;"> <b>MEXICAN STOCK EXCHANGE<BR>

SIFIC / ICS</b></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>TRANSACTIONS IN FOREIGN CURRENCY AND CONVERSION OF FINANCIAL STATEMENTS OF FOREIGN OPERATIONS</B>
<B>INFORMATION RELATED TO BULLETIN B-15</B></P>
<P style="text-align: right;"> <B>CONSOLIDATED</B></P>
<P style="text-align: left;"> <B>Foreign currency transactions and exchange differences &#150; </B>Transactions in foreign currencies are recorded at the exchange rates prevailing at the celebration and liquidation dates. The assets and liabilities in foreign currencies are translated at the exchange rates prevailing at the date of the consolidated balance sheet. The exchange gains or losses incurred in connection with those assets or liabilities are included in the Statement of income, as part of the comprehensive financing cost. Note 3 presents the consolidated position in foreign currencies at the end of each year and the exchange rates used in the translation.</P>
<P style="text-align: left;"> The functional and reporting currency of the Company is the Mexican peso. The financial statements of foreign subsidiaries were translated to Mexican pesos in accordance with the New Mexican Financial Reporting Standard MFRS B-15 &#147;Conversion of foreign currencies&#148; that came into effect on January 1, 2008. Under this Standard, the first step to convert financial information from operations abroad is the determination of the functional currency. The functional currency is the currency of the primary economic environment of the foreign operation or, if different, the currency that mainly impacts its cash flows. The new rule incorporates the concepts of recording currency that is the currency in which the entity maintains its accounting records, whether for legal or information purposes and the reporting currency, which is the currency chosen by the Company to report its financial information.</P>
<P style="text-align: left;"> The U.S. dollar was considered as the functional currency of the subsidiary SimRep, therefore the financial statements of this subsidiary were translated into Mexican pesos by applying: i) the exchange rates at the balance sheet date to all assets and liabilities and (ii) the historical exchange rate at stockholders&#146; equity accounts and revenues, costs and expenses. The difference resulting from the translation or consolidation processes or from applying the equity method, is recognized as a cumulative translation adjustment as part of Translation effect in foreign subsidiaries in Stockholders&#146; equity.</P>
<P style="text-align: left;"> The Mexican Peso was considered the functional currency of the subsidiary Pacific Steel and the U.S. dollar as its recording currency; therefore the financial statements were translated to Mexican pesos as follows: i) monetary assets and liabilities by applying the exchange rates at the balance sheet date; ii) non-monetary assets and liabilities, as well as stockholders&#146; equity accounts, at the historical exchange rate; and iii) revenues, costs and expenses at the historical exchange rate. Translation differences were carried directly to the income statement under the caption Foreign exchange loss, net.</P>
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<P style="text-align: center;"> <b>MEXICAN STOCK EXCHANGE<br>
  SIFIC / ICS</b></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: center;"> <B>INTEGRATION OF THE PAID SOCIAL CAPITAL STOCK</B><BR>
<B>CHARACTERISTICS OF THE SHARES</B></P>
<P style="text-align: right;"> <B>CONSOLIDATED</B></P>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR align="center" valign="top">
    <TD><b>SERIES</b> </TD>
    <TD> <B>NOMINAL<br>
      VALUE</B></TD>
    <TD> <B>VALID<br>
      COUPON</B></TD>
    <TD colspan="4"> <b>NUMBER OF SHARES</b> </TD>
    <TD colspan=2> <B>CAPITAL STOCK<br>
      (Thousands of Pesos)</B></TD>
  </TR>
  <TR align="center" valign="bottom">
    <TD>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD>&nbsp; </TD>
    <TD> <B>FIXED<br>
      PORTION</B></TD>
    <TD> <B>VARIABLE<br>
      PORTION</B></TD>
    <TD> <B>MEXICAN</B></TD>
    <TD> <B>FREE<br>
      SUBSCRIPTION</B></TD>
    <TD> <B>FIXED </B></TD>
    <TD><b>VARIABLE</b></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> B</TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> 90,850,050</TD>
    <TD align=right> 406,859,164</TD>
    <TD align=right>0 </TD>
    <TD align=right>  497,709,214</TD>
    <TD align=right> 441,786</TD>
    <TD align=right> 1,978,444</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left> <B>TOTAL</B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> <B>90,850,050</B></TD>
    <TD align=right> <B>406,859,164</B></TD>
    <TD align=right><b>0</b> </TD>
    <TD align=right> <B> </B>497,709,214</TD>
    <TD align=right> <B>441,786</B></TD>
    <TD align=right> <B>1,978,444</B></TD>
  </TR>
</TABLE>
<BR>
<TABLE width=100% border=1 cellpadding="2" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
  <TR valign="bottom">
    <TD align=left> <B>TOTAL NUMBER OF SHARES REPRESENTING THE PAID-IN CAPITAL
      STOCK ON THE DATE OF SENDING THE INFORMATION:</B> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;497,709,214</TD>
  </TR>
</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<BR>
<P style="text-align: center;"> <b>MEXICAN STOCK EXCHANGE<BR>

SIFIC / ICS</b></P>
<TABLE width="100%" border=0 cellpadding="0" cellSpacing=0 style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'">
  <TR vAlign=bottom>
    <TD width="50%" align=left>STOCK EXCHANGE CODE:<B> SIMEC</B></TD>
    <TD width="50%" align=right>QUARTER: 1 YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<P style="text-align: right;"> <B>CONSOLIDATED</B></P>
<P style="text-align: center;"> <B>DECLARATION OF THE COMPANY OFFICIALS RESPONSIBLE FOR THE INFORMATION CONTAINED IN THIS REPORT.</B></P>
<P style="text-align: left;"> LUIS GARCIA LIMON AND ADOLFO LUNA LUNA CERTIFY THAT BASED ON OUR KNOWLEDGE, THIS REPORT DOES NOT CONTAIN ANY UNTRUE STATEMENT OF A MATERIAL FACT OR OMIT TO STATE A MATERIAL FACT NECESSARY TO MAKE THE STATEMENTS MADE HEREIN, IN LIGHT OF THE CIRCUMSTANCES UNDER WHICH SUCH STATEMENTS WERE MADE, NOT MISLEADING WITH RESPECT TO THE PERIOD COVERED BY THIS FIRST QUARTER REPORT.</P>
<TABLE width=100% border=0 cellpadding="0" cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
<TR align="center" valign="bottom">
     <TD width=50%> <B>ING LUIS GARCIA LIMON</B></TD>
     <TD width=50%> <B>C.P. ADOLFO LUNA LUNA</B></TD> </TR>
<TR align="center" valign="bottom">
     <TD width=50%> <B>CHIEF EXECUTIVE OFFICER</B></TD>
     <TD width=50%> <B>CHIEF FINANCIAL OFFICER</B></TD> </TR> </TABLE>
<P style="text-align: center;"> <B>GUADALAJARA, JAL, AT APRIL 27 OF 2010.</B></P>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
