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<SEC-DOCUMENT>0000891092-10-004703.txt : 20101029
<SEC-HEADER>0000891092-10-004703.hdr.sgml : 20101029
<ACCEPTANCE-DATETIME>20101029171954
ACCESSION NUMBER:		0000891092-10-004703
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20101029
FILED AS OF DATE:		20101029
DATE AS OF CHANGE:		20101029

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:		101152758

	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>e40632_6k.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>

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<div align="center"><B>UNITED STATES</B><BR>

<B>SECURITIES AND EXCHANGE COMMISSION</B><BR>

<B>Washington, D.C. 20549</B><BR>

<BR>

<B>FORM 6-K</B><BR>

<BR>

<B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16</B><BR>

<B>UNDER THE SECURITIES EXCHANGE ACT OF 1934</B><BR>

<BR>

<B>COMMISSION FILE NUMBER 1-11176</B><BR>

<BR>

For the month of <U>October, 20</U>10.<BR>

<BR>

Group Simec, Inc.
</div>
<hr noshade align="center" width="100%" size="1">

<div align="center">(Translation of Registrant&#146;s Name Into English)<BR>

<BR>

Av. Lazaro Cardenas 601, Colonia la Nogalera, Guadalajara, Jalisco, Mexico 44440
  <hr noshade align="center" width="100%" size="1">

(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>
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    <TD align=left width=5%>&nbsp;&nbsp;</TD>


    <TD align=left width=20%> <FONT size=2>Form 20-F</FONT></TD>
    <TD align=left width=20%><font face=Wingdings>x</font></TD>
    <TD align=left width=20%> <FONT size=2>Form 40-F</FONT></TD>
    <TD align=left width=20%><font face=Wingdings>&#168;</font></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>
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  <TR valign="bottom">
    <TD align=left width=5%>&nbsp;&nbsp;</TD>


    <TD align=left width=20%> <FONT size=2>Yes</FONT></TD>
    <TD align=left width=20%><font face=Wingdings>&#168;</font></TD>
    <TD align=left width=20%> <FONT size=2>No</FONT></TD>
    <TD align=left width=20%><font face=Wingdings>x</font></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>
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  <tr valign="bottom">
    <td align=left width=5%>&nbsp;&nbsp;</td>
    <td align=left width=20%> <font size=2>Yes</font></td>
    <td align=left width=20%><font face=Wingdings>&#168;</font></td>
    <td align=left width=20%> <font size=2>No</font></td>
    <td align=left width=20%><font face=Wingdings>x</font></td>
  </tr>

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<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>
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  <tr valign="bottom">
    <td align=left width=5%>&nbsp;&nbsp;</td>
    <td align=left width=20%> <font size=2>Yes</font></td>
    <td align=left width=20%><font face=Wingdings>&#168;</font></td>
    <td align=left width=20%> <font size=2>No</font></td>
    <td align=left width=20%><font face=Wingdings>x</font></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): 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>
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    <TD align=left width="14%">&nbsp;</TD>
    <TD align=left colSpan=2>
      <div align="center"><FONT size=2>GRUPO SIMEC, S.A.B. de C.V.</FONT>
        <hr align=center width="100%" noshade size=1>
        <FONT size=2>
        (Registrant)</FONT></div>
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  <TR>

    <TD colSpan=4>&nbsp;</TD>
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    <TD align=left width="46%"><FONT size=2>Date: October 29, 2010.</FONT></TD>
    <TD align=left width="14%">
      <div align="right"><FONT size=2>By:&nbsp;&nbsp;</FONT></div>
    </TD>
    <TD align=left colSpan=2><font size=2>/s/ Luis Garc&#237;a Lim&#243;n</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="46%">&nbsp;</TD>
    <TD align=left width="14%">&nbsp;</TD>
    <TD align=left width="7%"><FONT size=2>Name:</FONT></TD>
    <TD align=center width="33%">
      <div align="left"><FONT size=2>Luis Garc&#237;a Lim&#243;n</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="46%">&nbsp;</TD>
    <TD align=left width="14%">&nbsp;</TD>
    <TD align=left width="7%"><FONT size=2>Title:</FONT></TD>
    <TD align=left width="33%"><FONT size=2>Chief Executive Officer</FONT></TD>
  </TR>
</TABLE>
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<P style="TEXT-ALIGN: left">GUADALAJARA, Mexico, Oct. 28 /PRNewswire-FirstCall/ -- Grupo Simec, S.A.B. de C.V. (AMEX: SIM) ("Simec") announced today its results of operations for the nine-month period ended September 30, 2010.</P>
<P style="TEXT-ALIGN: left">Nine-Month Period Ended September 30, 2010 compared to September-Month Period Ended September 30, 2009</P>
<P style="TEXT-ALIGN: left">Net Sales</P>
<P style="TEXT-ALIGN: left">Net sales increased 33% to Ps. 18,942 million in the
nine-month period ended September 30, 2010 compared to Ps. 14,277 million in the
same period of 2009.  Shipments of finished steel products increase 13% to 1 719
thousand  tons in the  nine-month  period ended  September  30, 2010 compared to
1,528 thousand tons in the same period of 2009. Total sales outside of Mexico in
the  nine-month  period ended  September  30, 2010  increase  75% to Ps.  10,683
million, compared with Ps. 6,108 million in the same period of 2009, while total
sales in Mexico  increased 1% from Ps. 8,169  million in the  nine-month  period
ended  September 30, 2009 to Ps. 8,259  millions in the same period of 2010. The
increase in sales is due to an increase  shipments during the nine-month  period
ended September 30, 2010, compared to the same period in 2009 (191 thousand tons
increase).  The average price of steel products  increased 18% in the nine-month
period ended September 30, 2010 compared with the same period of 2009.</P>
<P style="TEXT-ALIGN: left">Direct Cost of Sales</P>
<P style="TEXT-ALIGN: left">Direct cost of sales increased 40% from Ps. 11,610 million in the nine-month period ended September 30, 2009 to Ps. 16,283 million in the same period of 2010. Direct cost of sales as a percentage of net sales represented 86% in the nine-month period ended September 30, 2010 compared to 81% in the same period of 2009. The average cost of raw materials used to produce steel products increased 25% in the nine-month period ended September 30, 2010 versus the same period of 2009, primarily as a result of increases in the price of scrap and certain other raw materials, and an increase in sales in The United States of America.</P>
<P style="TEXT-ALIGN: left">Marginal Profit</P>
<P style="TEXT-ALIGN: left">Marginal profit in the nine-month period ended September 30, 2010 was Ps. 2, 659 million compared to Ps. 2,667 million in the same period of 2009. Marginal profit as a percentage of net sales in the nine-month period ended September 30, 2010 was 14% compared to 19% in the same period of 2009. The decline in marginal profit is due to an increase in scrap and other raw materials during the nine- month period ended September 30, 2010 compared with the same period of 2009.</P>
<P style="TEXT-ALIGN: left">&nbsp;</P>
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<P style="TEXT-ALIGN: left">Operating Expenses</P>
<P style="TEXT-ALIGN: left">Operating expenses decreased 6% to Ps. 1,559 million
  in the nine-month period ended September 30, 2010 compared to Ps. 1,665 million
  in the same period of 2009, and represented 8% of net sales in the nine-month
  period ended September 30, 2010 and 12% of net sales in the same period of 2009.</P>
<P style="TEXT-ALIGN: left">Operating Income</P>
<P style="TEXT-ALIGN: left">Operating income increased 10% to Ps. 1,100 million for the nine-month period ended September 30, 2010 compared to Ps. 1,002 million in the same period of 2009. Operating income as a percentage of net sales was 6% in the nine-month period ended September 30, 2010 compared to 7% in the same period of 2009. The increase in operating income is due to an increase in shipments of 13% during the nine-month period ended September 30, 2010 compared with the same period of 2009.</P>
<P style="TEXT-ALIGN: left">EBITDA</P>
<P style="TEXT-ALIGN: left">The EBITDA in the nine month period ended September 30, 2010, increased 4% from Ps.1,814 million in 2009, to Ps 1,880 million in 2010. This is due to an increase in shipments of steel products during 2010.</P>
<P style="TEXT-ALIGN: left">Comprehensive Financial Cost</P>
<P style="TEXT-ALIGN: left">Comprehensive financial cost in the nine-month period ended September 30 2010 represented an expense of Ps. 88 million compared with an expense of Ps. 49 million in the same period of 2009. Net interest expenses were Ps. 2 million in the nine-month period ended September 30, 2010 compared with a net interest expenses of Ps. 24 million in the same period of 2009. At the same time, we registered an exchange loss of Ps. 86 million in the nine-month period ended September 30, 2010 compared with an exchange loss of Ps. 25 million in the same period of 2009, reflecting a 4% increase in the value of the peso versus the dollar in the nine-month period ended September 30, 2010.</P>
<P style="TEXT-ALIGN: left">Other Expenses (Income) net</P>
<P style="TEXT-ALIGN: left">The company recorded other net expenses of Ps. 42 million in the nine-month period ended September 30, 2010 compared to other income net of Ps. 7 million in the same period of 2009.</P>
<P style="TEXT-ALIGN: left">Income Taxes</P>
<P style="TEXT-ALIGN: left">Income Taxes recorded a provision of Ps. 45 million in the nine-month period ended September 30, 2010 (including the income of deferred income tax of Ps. 19 million) compared to Ps. 168 million in the same period of 2009 (including the provision of Ps. 15 million of deferred income taxes).</P>
<P style="TEXT-ALIGN: left">Net Income</P>
<P style="TEXT-ALIGN: left">As a result of the foregoing, net income decreased by 9% to Ps. 1,069 million in the nine-month period ended September 30, 2010 from Ps. 1,169 million in the same period of 2009.</P>
<P style="TEXT-ALIGN: left">Liquidity and Capital Resources</P>
<P style="TEXT-ALIGN: left">As of September 30, 2010, Simec's total consolidated debt consisted of U.S. $ 302,000 of 8 7/8% medium-term notes ("MTN's") due 1998 (accrued interest on September 30, 2010 was U.S. $438,819). As of December 31, 2009, Simec's total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes (" MTN's") due 1998 (accrued interest on December 31, 2009 was U.S. $418,176).</P>
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<P style="TEXT-ALIGN: left">Comparative third quarter 2010 vs second quarter 2010</P>
<P style="TEXT-ALIGN: left">Net Sales</P>
<P style="TEXT-ALIGN: left">Net sales decreased 3% from Ps. 6,367 million in the second quarter of 2010 to Ps. 6,182 million for the third quarter of 2010. Sales in tons are similar in both quarters, finished steel in third quarter was 556 thousand tons compared with 558 thousand tons in the second quarter of 2010. The total sales outside of Mexico for the third quarter of 2010 decreased 5% to Ps. 3,553 million compared with Ps. 3,749 million in the second quarter of 2010. Total sales in Mexico are similar to 2,629 million in the third quarter of 2010 compared Ps. 2,618 million in the second quarter of 2010. Prices of finished products sold in the third quarter of 2010 decreased approximately 3% compared to the second quarter of 2010.</P>
<P style="TEXT-ALIGN: left">Direct Cost of Sales</P>
<P style="TEXT-ALIGN: left">Direct cost of sales was Ps. 5,503 million in the second quarter of 2010 to Ps. 5,511 million for the third quarter of 2010. With respect to sales, in the third quarter of 2010, the direct cost of sales represents 89% compared to 86% for the second quarter of 2010. The average cost of raw materials used to produce steel products increased 1% in the third quarter of 2010 versus the second quarter of 2010, primarily as a result of increases in the price of scrap and certain other raw materials and increase in sales in the United States of America.</P>
<P style="TEXT-ALIGN: left">Marginal Profit</P>
<P style="TEXT-ALIGN: left">Marginal profit for the third quarter of 2010 decreased 22% to Ps. 671 million compared to Ps. 864 million in the second quarter of 2010. The marginal profit as a percentage of net sales for the third quarter of 2010 was 11% compared with 14% for the second quarter of 2010. The decline in marginal profit is due to the increase in the cost of raw materials used to produce steel products in the third quarter of 2010 versus the second quarter of 2010.</P>
<P style="TEXT-ALIGN: left">Operating Expenses</P>
<P style="TEXT-ALIGN: left">Operating expenses increased 11% to Ps. 551 million in the third quarter of 2010 compared to Ps. 496 million for the second quarter of 2010. Operating expenses as a percentage of net sales represented 9% during the third quarter of 2010 and 8% during the second quarter of 2010.</P>
<P style="TEXT-ALIGN: left">Operating Income</P>
<P style="TEXT-ALIGN: left">Operating income decreased 67% from an operating income of Ps. 368 million in the second quarter of 2010 to Ps. 120 million of operating income for the third quarter of 2010. The operating income as a percentage of net sales in the third quarter of 2010 was 2% compared to 6% in the second quarter of 2010. The decrease in operating income is due to the increase in the cost of raw materials used to produce steel products in the third quarter of 2010 versus the second quarter of 2010 and more sales in the United States of America.</P>
<P style="TEXT-ALIGN: left">EBITDA</P>
<P style="TEXT-ALIGN: left">The EBITDA in the third quarter of 2010 decreased 39% from Ps. 629 million in the second quarter of 2010 to Ps. 381 million in the third quarter of 2010. The decrease in the EBITDA is due to the above explanation.</P>
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<P style="TEXT-ALIGN: left">Comprehensive Financial Income (Cost)</P>
<P style="TEXT-ALIGN: left">Comprehensive financial for the third quarter for 2010 was an expense of Ps. 50 million compared with an expense of Ps. 14 million for the second quarter of 2010 net interest expense in the third quarter was of Ps 5 million, while in the second quarter the interest was zero. At the same time we registered an exchange loss of Ps. 45 million in the third quarter of 2010 compared with an exchange loss of Ps. 14 million in the second quarter of 2010.</P>
<P style="TEXT-ALIGN: left">Other Expenses (Income) net</P>
<P style="TEXT-ALIGN: left">The company recorded other net expenses of Ps. 6 million in the third quarter of 2010 compared to other net expenses of Ps. 46 million for the second quarter of 2010.</P>
<P style="TEXT-ALIGN: left">Income Taxes</P>
<P style="TEXT-ALIGN: left">Income Taxes for the third quarter of 2010 was an expense of Ps. 58 million ( including an expense tax deferred for Ps. 27 million) compared to Ps. 34 million of income for the second quarter of 2010, (including an income tax deferred income of Ps. 44 million).</P>
<P style="TEXT-ALIGN: left">Net Income</P>
<P style="TEXT-ALIGN: left">As a result of the foregoing, net income was Ps. 106 million in the third quarter of 2010 compared to Ps. 393 million of net income in the second quarter of 2010.</P>
<P style="TEXT-ALIGN: left">Comparative third quarter 2010 vs third quarter 2009</P>
<P style="TEXT-ALIGN: left">Net Sales</P>
<P style="TEXT-ALIGN: left">Net sales increased 23% from Ps. 5,035 million for the third quarter of 2009 to Ps. 6,182 million for the third quarter of 2010. Sales in tons of finished steel in the third quarter of 2010 were 556 thousand tons versus to 551 thousand tons in the third quarter of 2009. The total sales outside of Mexico for the third quarter of 2010 increased 51% to Ps. 3,553 million compared with Ps. 2,348 million for the third quarter of 2009. Total sales in Mexico were Ps. 2,629 million in the third quarter of 2010 to Ps. 2,687 million in the third quarter of 2009. Prices of finished products sold in the third quarter of 2010 increased approximately 22% compared to the third quarter of 2009.</P>
<P style="TEXT-ALIGN: left">Direct Cost of Sales</P>
<P style="TEXT-ALIGN: left">Direct cost of sales increased 30% from Ps. 4,243 million in the third quarter of 2009 to Ps. 5,511 million for the third quarter of 2010. With respect to sales, in the third quarter of 2010, the direct cost of sales represents 89% compared to 84% for the third quarter of 2009. The average cost of raw materials used to produce steel products increased 29% in the third quarter of 2010 versus the third quarter of 2009, primarily as a result of increases in the price of scrap and certain other raw materials.</P>
<P style="TEXT-ALIGN: left">Marginal Profit</P>
<P style="TEXT-ALIGN: left">Marginal profit for the third quarter of 2010 decreased 15% to Ps. 671 million compared to Ps. 792 million in the third quarter of 2009. The marginal profit as a percentage of net sales for the third quarter of 2010 was 11% compared with 16% for the third quarter of 2009. The decline in marginal profit is due to increase of scrap and raw materials.</P>
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<P style="TEXT-ALIGN: left">Operating Expenses</P>
<P style="TEXT-ALIGN: left">Operating expenses increased 3% to Ps. 551 million in the third quarter of 2010 compared to Ps. 537 million for the third quarter of 2009. Operating expenses as a percentage of net sales represented 9% during the third quarter of 2010 and 11% during the third quarter of 2009.</P>
<P style="TEXT-ALIGN: left">Operating Income</P>
<P style="TEXT-ALIGN: left">Operating income decreased 53% from an operating income of Ps. 255 million in the third quarter of 2009 to Ps. 120 million in the third quarter of 2010. The operating income as a percentage of net sales in the third quarter of 2010 was 2% compared to 5% in the third quarter of 2009. The decrease in operating income is due to increases in scrap and other raw materials price.</P>
<P style="TEXT-ALIGN: left">EBITDA</P>
<P style="TEXT-ALIGN: left">The EBITDA from the third quarter of 2010 decreased 27% from Ps 522 million in the third quarter of 2009 to Ps 381 million in the third quarter of 2010.</P>
<P style="TEXT-ALIGN: left">Comprehensive Financial Income (Cost)</P>
<P style="TEXT-ALIGN: left">Comprehensive financial cost for the third quarter of 2010 was an expense of Ps. 50 million compared with an income of Ps 11 million in the third quarter of 2009. Net interest expense was Ps. 5 million in the third quarter of 2010 compared with Ps. 13 million of net interest expense in the third quarter of 2009. At the same time we registered an exchange loss of Ps. 45 million in the third quarter of 2010 compared with an exchange gain of Ps. 24 million in the third quarter of 2009.</P>
<P style="TEXT-ALIGN: left">Other Expenses (Income) net</P>
<P style="TEXT-ALIGN: left">The company recorded other net expenses of Ps. 6 million in the third quarter of 2010 compared with other income net of Ps. 7 million for the third quarter of 2009.</P>
<P style="TEXT-ALIGN: left">Income Taxes</P>
<P style="TEXT-ALIGN: left">Income Taxes for the third quarter of 2010 was an expense of Ps. 58 million ( including a provision of deferred income tax of Ps 27 million), compared to Ps. 7 million of income for the third quarter of 2009, (including a provision of deferred income tax of Ps. 15 million).</P>
<P style="TEXT-ALIGN: left">Net Income</P>
<P style="TEXT-ALIGN: left">As a result of the foregoing, net income was Ps. 106 million in the third quarter of 2010 compared to Ps. 348 million of net income in the third quarter of 2009.</P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0 width="100%">




  <TR vAlign=bottom>

    <TD align=center width="62%">
      <div align="left"><FONT size=2>Millions of pesos</FONT></div>
    </TD>
    <TD align=center colspan="2"><FONT size=2>Nine months ended</FONT><BR>

<FONT size=2>September 30, 2010</FONT></TD>
    <TD align=center colspan="2"><FONT size=2>Nine months ended</FONT><BR>

<FONT size=2>September 30, 2009</FONT></TD>
    <TD align=center width="8%"><FONT size=2>2010</FONT><BR>

<FONT size=2>vs.</FONT><BR>

<FONT size=2>2009</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="62%"><FONT size=2>Sales</FONT></TD>
    <TD align=right width="10%"><FONT size=2>18,942</FONT></TD>
    <TD align=right width="5%">&nbsp;&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>14,277</FONT></TD>
    <TD align=right width="5%">&nbsp;&nbsp;</TD>
    <TD align=right width="8%"><FONT size=2>33%</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="62%"><FONT size=2>Cost of Sales</FONT></TD>
    <TD align=right width="10%"><FONT size=2>16,283</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>11,610</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="8%"><FONT size=2>40%</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="62%"><FONT size=2>Marginal Profit</FONT></TD>
    <TD align=right width="10%"><FONT size=2>2,659</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>2,667</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="8%"><FONT size=2>0%</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="62%"><FONT size=2>Operating Expenses</FONT></TD>
    <TD align=right width="10%"><FONT size=2>1,559</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>1,665</FONT></TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="8%">
      <div align="right"><FONT size=2>(6%)</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="62%"><FONT size=2>Operating Income</FONT></TD>
    <TD align=right width="10%"><FONT size=2>1,100</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>1,002</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="8%"><FONT size=2>10%</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="62%"><FONT size=2>EBITDA</FONT></TD>
    <TD align=right width="10%"><FONT size=2>1,880</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>1,814</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="8%"><FONT size=2>4%</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="62%"><FONT size=2>Net Profit</FONT></TD>
    <TD align=right width="10%"><FONT size=2>925</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>793</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="8%"><FONT size=2>17%</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="62%"><FONT size=2>Sales outside Mexico</FONT></TD>
    <TD align=right width="10%"><FONT size=2>10,683</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>6,108</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="8%"><FONT size=2>75%</FONT></TD>
  </TR>
  <tr valign=bottom>

    <td align=left width="62%"><font size=2>Sales in Mexico</font></td>
    <td align=right width="10%"><font size=2>8,259</font></td>
    <td align=left width="5%">&nbsp;</td>
    <td align=right width="10%"><font size=2>8,169</font></td>
    <td align=right width="5%">&nbsp;</td>
    <td align=right width="8%"><font size=2>1%</font></td>
  </tr>
  <tr valign=bottom>

    <td align=left width="62%"><font size=2>Total sales (tons)</font></td>
    <td align=right width="10%"><font size=2>1,719</font></td>
    <td align=left width="5%">&nbsp;</td>
    <td align=right width="10%"><font size=2>1,528</font></td>
    <td align=right width="5%">&nbsp;</td>
    <td align=right width="8%"><font size=2>13%</font></td>
  </tr>


</TABLE>

<HR align=center width="100%" noshade SIZE=5>
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<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0 width="100%">










  <TR vAlign=bottom>

    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>3Q'10 vs</FONT></TD>
    <TD align=right><FONT size=2>3Q'10 vs</FONT></TD>
    <TD align=left width="10%">&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>(Millions of pesos)</FONT></TD>
    <TD align=right><FONT size=2>3Q '10</FONT></TD>
    <TD align=right><FONT size=2>2Q '10</FONT></TD>
    <TD align=right><FONT size=2>3Q '09</FONT></TD>
    <TD align=right><FONT size=2>2Q'10</FONT></TD>
    <TD align=right><FONT size=2>3Q'09</FONT></TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Sales</FONT></TD>
    <TD align=right><FONT size=2>6,182</FONT></TD>
    <TD align=right><FONT size=2>6,367</FONT></TD>
    <TD align=right><FONT size=2>5,035</FONT></TD>
    <TD align=right><FONT size=2>(3%)</FONT></TD>
    <TD align=right><FONT size=2>23%</FONT></TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Cost of Sales</FONT></TD>
    <TD align=right><FONT size=2>5,511</FONT></TD>
    <TD align=right><FONT size=2>5,503</FONT></TD>
    <TD align=right><FONT size=2>4,243</FONT></TD>
    <TD align=right><FONT size=2>0%</FONT></TD>
    <TD align=right><FONT size=2>30%</FONT></TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Marginal Profit</FONT></TD>
    <TD align=right><FONT size=2>671</FONT></TD>
    <TD align=right><FONT size=2>864</FONT></TD>
    <TD align=right><FONT size=2>792</FONT></TD>
    <TD align=right><FONT size=2>(22%)</FONT></TD>
    <TD align=right><FONT size=2>(15%)</FONT></TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Operating Expenses</FONT></TD>
    <TD align=right><FONT size=2>551</FONT></TD>
    <TD align=right><FONT size=2>496</FONT></TD>
    <TD align=right><FONT size=2>537</FONT></TD>
    <TD align=right><FONT size=2>11%</FONT></TD>
    <TD align=right><FONT size=2>3%</FONT></TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Operating Income</FONT></TD>
    <TD align=right><FONT size=2>120</FONT></TD>
    <TD align=right><FONT size=2>368</FONT></TD>
    <TD align=right><FONT size=2>255</FONT></TD>
    <TD align=right><FONT size=2>(67%)</FONT></TD>
    <TD align=right><FONT size=2>(53%)</FONT></TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>EBITDA</FONT></TD>
    <TD align=right><FONT size=2>381</FONT></TD>
    <TD align=right><FONT size=2>629</FONT></TD>
    <TD align=right><FONT size=2>522</FONT></TD>
    <TD align=right><FONT size=2>(39%)</FONT></TD>
    <TD align=right><FONT size=2>(27%)</FONT></TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Net Profit</FONT></TD>
    <TD align=right><FONT size=2>6</FONT></TD>
    <TD align=right><FONT size=2>342</FONT></TD>
    <TD align=right><FONT size=2>267</FONT></TD>
    <TD align=right><FONT size=2>(98%)</FONT></TD>
    <TD align=right><FONT size=2>(98%)</FONT></TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Sales outside Mexico</FONT></TD>
    <TD align=right><FONT size=2>3,553</FONT></TD>
    <TD align=right><FONT size=2>3,749</FONT></TD>
    <TD align=right><FONT size=2>2,348</FONT></TD>
    <TD align=right><FONT size=2>(5%)</FONT></TD>
    <TD align=right><FONT size=2>51%</FONT></TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Sales in Mexico</FONT></TD>
    <TD align=right><FONT size=2>2,629</FONT></TD>
    <TD align=right><FONT size=2>2,618</FONT></TD>
    <TD align=right><FONT size=2>2,687</FONT></TD>
    <TD align=right><FONT size=2>0%</FONT></TD>
    <TD align=right><FONT size=2>(2%)</FONT></TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Total sales (tons)</FONT></TD>
    <TD align=right><FONT size=2>556</FONT></TD>
    <TD align=right><FONT size=2>558</FONT></TD>
    <TD align=right><FONT size=2>551</FONT></TD>
    <TD align=right><FONT size=2>0%</FONT></TD>
    <TD align=right><FONT size=2>1%</FONT></TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0 width="100%">
  <TR vAlign=bottom>
    <TD align=center>&nbsp;</TD>
    <TD align=center><FONT size=2>Thousands</FONT><BR>
      <FONT size=2>of tons</FONT><BR>
      <FONT size=2>nine</FONT><BR>
      <FONT size=2>months</FONT><BR>
      <FONT size=2>ended</FONT><BR>
      <FONT size=2>September</FONT></TD>
    <TD align=center>&nbsp;&nbsp;</TD>
    <TD align=center><FONT size=2>Million</FONT><BR>
      <FONT size=2>of pesos</FONT><BR>
      <FONT size=2>nine</FONT><BR>
      <FONT size=2>months</FONT><BR>
      <FONT size=2>ended</FONT><BR>
      <FONT size=2>September</FONT></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center><FONT size=2>Average</FONT><BR>
      <FONT size=2>price per</FONT><BR>
      <FONT size=2>ton nine</FONT><BR>
      <FONT size=2>months</FONT><BR>
      <FONT size=2>ended</FONT><BR>
      <FONT size=2>September</FONT></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center><FONT size=2>Thousands</FONT><BR>
      <FONT size=2>of tons</FONT><BR>
      <FONT size=2>nine</FONT><BR>
      <FONT size=2>months</FONT><BR>
      <FONT size=2>ended</FONT><BR>
      <FONT size=2>September</FONT></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center><FONT size=2>Million of</FONT><BR>
      <FONT size=2>pesos nine</FONT><BR>
      <FONT size=2>months</FONT><BR>
      <FONT size=2>ended</FONT><BR>
      <FONT size=2>September</FONT></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center><FONT size=2>Average</FONT><BR>
      <FONT size=2>price per</FONT><BR>
      <FONT size=2>ton nine</FONT><BR>
      <FONT size=2>months</FONT><BR>
      <FONT size=2>ended</FONT><BR>
      <FONT size=2>September</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left><FONT size=2>Product</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>30, 2010</FONT></div>
    </TD>
    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=left>
      <div align="center"><FONT size=2>30, 2010</FONT></div>
    </TD>
    <TD align=left>
      <div align="center">&nbsp;&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="center"><FONT size=2>30, 2010</FONT></div>
    </TD>
    <TD align=right>
      <div align="center">&nbsp;&nbsp;</div>
    </TD>
    <TD align=right>
      <div align="center"><FONT size=2>30,2009</FONT></div>
    </TD>
    <TD align=right>
      <div align="center">&nbsp;&nbsp;</div>
    </TD>
    <TD align=right>
      <div align="center"><FONT size=2>30, 2009</FONT></div>
    </TD>
    <TD align=left>
      <div align="center">&nbsp;&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="center"><FONT size=2>30, 2009</FONT></div>
    </TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left><FONT size=2>SBQ</FONT></TD>
    <TD align=right>
      <div align="right"><FONT size=2>926</FONT></div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>12,006</FONT></div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>12,965</FONT></div>
    </TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>
      <div align="right"><FONT size=2>739</FONT></div>
    </TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>
      <div align="right"><FONT size=2>8,003</FONT></div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>10,829</FONT></div>
    </TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left><FONT size=2>Light</FONT></TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left><FONT size=2>&nbsp;&nbsp;&nbsp;Structural</FONT></TD>
    <TD align=right>
      <div align="right"><FONT size=2>793</FONT></div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>6,936</FONT></div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>8,747</FONT></div>
    </TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>
      <div align="right"><FONT size=2>789</FONT></div>
    </TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>
      <div align="right"><FONT size=2>6,274</FONT></div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>7,952</FONT></div>
    </TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left><FONT size=2>Total</FONT></TD>
    <TD align=right>
      <div align="right"><FONT size=2>1,719</FONT></div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>18,942</FONT></div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>11,019</FONT></div>
    </TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>
      <div align="right"><FONT size=2>1,528</FONT></div>
    </TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>
      <div align="right"><FONT size=2>14,277</FONT></div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>9,344</FONT></div>
    </TD>
  </TR>
</TABLE>
<BR>
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<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="95%" colspan=7><b><font size=2>MEXICAN STOCK EXCHANGE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="95%" colspan=7><b><font size=2>SIFIC / ICS</font></b></td>
  </tr>

  <tr>

    <td width="95%" colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="55%" colspan=2><font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b></td>
    <td align=left width="12%">&nbsp;</td>
    <td align=left width="6%">&nbsp;</td>
    <td align=left width="3%">&nbsp;</td>
    <td align=right width="19%" colspan=2><font size=2>QUARTER: </font><font size=2>3 </font><font size=2>YEAR: </font><b><font size=2>2010</font></b></td>
  </tr>

  <tr>

    <td width="95%" colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="55%" colspan=2><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></td>
    <td align=left width="12%">&nbsp;</td>
    <td align=left width="6%">&nbsp;</td>
    <td align=left width="3%">&nbsp;</td>
    <td align=left width="11%">&nbsp;</td>
    <td align=left width="8%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="95%" colspan=7><b><font size=2>CONSOLIDATED FINANCIAL STATEMENT</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="95%" colspan=7><font size=2>AT SEPTEMBER 30 OF 2010 AND 2009</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="95%" colspan=7><font size=2>(thousands of Mexican pesos)</font></td>
  </tr>

  <tr>

    <td width="95%" colspan=7>&nbsp;</td>
  </tr>
</table>
<br>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 cellpadding="2" width="100%">
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><FONT size=2>REF</FONT></div>
      <div align="center"><FONT size=2>S</FONT></div>
    </TD>
    <TD align=left valign="top">
      <div align="center"><FONT size=2>CONCEPTS</FONT></div>
    </TD>
    <TD align=right colSpan=2 valign="top">
      <div align="center"><FONT size=2>CURRENT YEAR</FONT></div>
    </TD>
    <TD align=right colSpan=2 valign="top">
      <div align="center"><FONT size=2>PREVIOUS YEAR</FONT></div>
    </TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>
      <div align="center"><FONT size=2>AMOUNT</FONT></div>
    </TD>
    <TD align=right>
      <div align="center"><FONT size=2>%</FONT></div>
    </TD>
    <TD align=right>
      <div align="center"><FONT size=2>AMOUNT</FONT></div>
    </TD>
    <TD align=right>
      <div align="center"><FONT size=2>%</FONT></div>
    </TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s01</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>TOTAL ASSETS</FONT></B></TD>
    <TD align=right><B><FONT size=2>27,250,075</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>30,629,914</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>
  <TR>
    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s02</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>CURRENT ASSETS</FONT></B></TD>
    <TD align=right><B><FONT size=2>13,430,476</FONT></B></TD>
    <TD align=right><B><FONT size=2>49</FONT></B></TD>
    <TD align=right><B><FONT size=2>13,425,170</FONT></B></TD>
    <TD align=right><B><FONT size=2>44</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s03</FONT></div>
    </TD>
    <TD align=left><FONT size=2>CASH AND SHORT-TERM INVESTMENTS</FONT></TD>
    <TD align=right><FONT size=2>3,284,504</FONT></TD>
    <TD align=right><FONT size=2>12</FONT></TD>
    <TD align=right><FONT size=2>1,709,796</FONT></TD>
    <TD align=right><FONT size=2>6</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s04</FONT></div>
    </TD>
    <TD align=left><FONT size=2>ACCOUNTS AND NOTES RECEIVABLE (NET)</FONT></TD>
    <TD align=right><FONT size=2>3,242,164</FONT></TD>
    <TD align=right><FONT size=2>12</FONT></TD>
    <TD align=right><FONT size=2>2,523,430</FONT></TD>
    <TD align=right><FONT size=2>8</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s05</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER ACCOUNTS AND NOTES RECEIVABLE</FONT></TD>
    <TD align=right><FONT size=2>677,003</FONT></TD>
    <TD align=right><FONT size=2>2</FONT></TD>
    <TD align=right><FONT size=2>584,230</FONT></TD>
    <TD align=right><FONT size=2>2</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s06</FONT></div>
    </TD>
    <TD align=left><FONT size=2>INVENTORIES</FONT></TD>
    <TD align=right><FONT size=2>6,065,299</FONT></TD>
    <TD align=right><FONT size=2>22</FONT></TD>
    <TD align=right><FONT size=2>8,371,833</FONT></TD>
    <TD align=right><FONT size=2>27</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s07</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER CURRENT ASSETS</FONT></TD>
    <TD align=right><FONT size=2>161,506</FONT></TD>
    <TD align=right><FONT size=2>1</FONT></TD>
    <TD align=right><FONT size=2>235,881</FONT></TD>
    <TD align=right><FONT size=2>1</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s08</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>LONG-TERM</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s09</FONT></div>
    </TD>
    <TD align=left><FONT size=2>ACCOUNTS AND NOTES RECEIVABLE (NET)</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left rowspan="2" valign="top">
      <div align="right"><FONT size=2>s10</FONT></div>
      </TD>
    <TD align=left rowspan="2" valign="top"><FONT size=2>INVESTMENT IN SHARES
      OF NON-CONSOLIDATED</FONT><FONT size=2>SUBSIDIARIES AND ASSOCIATES</FONT></TD>
    <TD align=left rowspan="2" valign="top">
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2" valign="top">
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2" valign="top">
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2" valign="top">
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
  </TR>
  <TR vAlign=bottom> </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s11</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER INVESTMENTS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s12</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>PROPERTY, PLANT AND EQUIPMENT (NET)</FONT></B></TD>
    <TD align=right><B><FONT size=2>9,478,933</FONT></B></TD>
    <TD align=right><B><FONT size=2>35</FONT></B></TD>
    <TD align=right><B><FONT size=2>9,931,055</FONT></B></TD>
    <TD align=right><B><FONT size=2>32</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s13</FONT></div>
    </TD>
    <TD align=left><FONT size=2>LAND AND BUILDINGS</FONT></TD>
    <TD align=right><FONT size=2>3,813,986</FONT></TD>
    <TD align=right><FONT size=2>14</FONT></TD>
    <TD align=right><FONT size=2>3,732,480</FONT></TD>
    <TD align=right><FONT size=2>12</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s14</FONT></div>
    </TD>
    <TD align=left><FONT size=2>MACHINERY AND INDUSTRIAL EQUIPMENT</FONT></TD>
    <TD align=right><FONT size=2>12,990,604</FONT></TD>
    <TD align=right><FONT size=2>48</FONT></TD>
    <TD align=right><FONT size=2>12,824,310</FONT></TD>
    <TD align=right><FONT size=2>42</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s15</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER EQUIPMENT</FONT></TD>
    <TD align=right><FONT size=2>235,095</FONT></TD>
    <TD align=right><FONT size=2>1</FONT></TD>
    <TD align=right><FONT size=2>231,272</FONT></TD>
    <TD align=right><FONT size=2>1</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s16</FONT></div>
    </TD>
    <TD align=left><FONT size=2>ACCUMULATED DEPRECIATION</FONT></TD>
    <TD align=right><FONT size=2>8,004,153</FONT></TD>
    <TD align=right><FONT size=2>29</FONT></TD>
    <TD align=right><FONT size=2>7,378,129</FONT></TD>
    <TD align=right><FONT size=2>24</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s17</FONT></div>
    </TD>
    <TD align=left><FONT size=2>CONSTRUCTION IN PROGRESS</FONT></TD>
    <TD align=right><FONT size=2>443,401</FONT></TD>
    <TD align=right><FONT size=2>2</FONT></TD>
    <TD align=right><FONT size=2>521,122</FONT></TD>
    <TD align=right><FONT size=2>2</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s18</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS
      (NET)</FONT></B></TD>
    <TD align=right><B><FONT size=2>4,199,169</FONT></B></TD>
    <TD align=right><B><FONT size=2>15</FONT></B></TD>
    <TD align=right><B><FONT size=2>7,151,466</FONT></B></TD>
    <TD align=right><B><FONT size=2>23</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s19</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>OTHER ASSETS</FONT></B></TD>
    <TD align=right><B><FONT size=2>141,497</FONT></B></TD>
    <TD align=right><B><FONT size=2>1</FONT></B></TD>
    <TD align=right><B><FONT size=2>122,223</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
  </TR>
  <TR>
    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s20</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>TOTAL LIABILITIES</FONT></B></TD>
    <TD align=right><B><FONT size=2>6,393,228</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>8,465,596</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>
  <TR>
    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s21</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>CURRENT LIABILITIES</FONT></B></TD>
    <TD align=right><B><FONT size=2>3,599,500</FONT></B></TD>
    <TD align=right><B><FONT size=2>56</FONT></B></TD>
    <TD align=right><B><FONT size=2>4,165,860</FONT></B></TD>
    <TD align=right><B><FONT size=2>49</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s22</FONT></div>
    </TD>
    <TD align=left><FONT size=2>SUPPLIERS</FONT></TD>
    <TD align=right><FONT size=2>2,037,271</FONT></TD>
    <TD align=right><FONT size=2>32</FONT></TD>
    <TD align=right><FONT size=2>2,020,071</FONT></TD>
    <TD align=right><FONT size=2>24</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s23</FONT></div>
    </TD>
    <TD align=left><FONT size=2>BANK LOANS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s24</FONT></div>
    </TD>
    <TD align=left><FONT size=2>STOCK MARKET LOANS</FONT></TD>
    <TD align=right><FONT size=2>3,775</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>4,078</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s103</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER LOANS WITH COST</FONT></TD>
    <TD align=right><FONT size=2>616,609</FONT></TD>
    <TD align=right><FONT size=2>10</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s25</FONT></div>
    </TD>
    <TD align=left><FONT size=2>TAXES PAYABLE</FONT></TD>
    <TD align=right><FONT size=2>256,646</FONT></TD>
    <TD align=right><FONT size=2>4</FONT></TD>
    <TD align=right><FONT size=2>230,728</FONT></TD>
    <TD align=right><FONT size=2>3</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s26</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER CURRENT LIABILITIES WITHOUT COST</FONT></TD>
    <TD align=right><FONT size=2>685,199</FONT></TD>
    <TD align=right><FONT size=2>11</FONT></TD>
    <TD align=right><FONT size=2>1,910,983</FONT></TD>
    <TD align=right><FONT size=2>23</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s27</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>LONG-TERM LIABILITIES</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s28</FONT></div>
    </TD>
    <TD align=left><FONT size=2>BANK LOANS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s29</FONT></div>
    </TD>
    <TD align=left><FONT size=2>STOCK MARKET LOANS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s30</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER LOANS WITH COST</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s31</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>DEFERRED LIABILITIES</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s32</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>OTHER NON-CURRENT LIABILITIES WITHOUT COST</FONT></B></TD>
    <TD align=right><B><FONT size=2>2,793,728</FONT></B></TD>
    <TD align=right><B><FONT size=2>44</FONT></B></TD>
    <TD align=right><B><FONT size=2>4,299,736</FONT></B></TD>
    <TD align=right><B><FONT size=2>51</FONT></B></TD>
  </TR>
  <TR>
    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s33</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>CONSOLIDATED STOCKHOLDERS&#146; EQUITY</FONT></B></TD>
    <TD align=right><B><FONT size=2>20,856,847</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>22,164,318</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>
  <TR>
    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s34</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>MINORITY INTEREST</FONT></B></TD>
    <TD align=right><B><FONT size=2>1,997,897</FONT></B></TD>
    <TD align=right><B><FONT size=2>10</FONT></B></TD>
    <TD align=right><B><FONT size=2>2,740,298</FONT></B></TD>
    <TD align=right><B><FONT size=2>12</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s35</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>MAJORITY INTEREST</FONT></B></TD>
    <TD align=right><B><FONT size=2>18,858,950</FONT></B></TD>
    <TD align=right><B><FONT size=2>90</FONT></B></TD>
    <TD align=right><B><FONT size=2>19,424,020</FONT></B></TD>
    <TD align=right><B><FONT size=2>88</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s36</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>CONTRIBUTED CAPITAL</FONT></B></TD>
    <TD align=right><B><FONT size=2>8,350,900</FONT></B></TD>
    <TD align=right><B><FONT size=2>40</FONT></B></TD>
    <TD align=right><B><FONT size=2>8,350,900</FONT></B></TD>
    <TD align=right><B><FONT size=2>38</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>S79</FONT></div>
    </TD>
    <TD align=left><FONT size=2>CAPITAL STOCK</FONT></TD>
    <TD align=right><FONT size=2>4,142,696</FONT></TD>
    <TD align=right><FONT size=2>20</FONT></TD>
    <TD align=right><FONT size=2>4,142,696</FONT></TD>
    <TD align=right><FONT size=2>19</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s39</FONT></div>
    </TD>
    <TD align=left><FONT size=2>PREMIUM ON ISSUANCE OF SHARES</FONT></TD>
    <TD align=right><FONT size=2>4,208,204</FONT></TD>
    <TD align=right><FONT size=2>20</FONT></TD>
    <TD align=right><FONT size=2>4,208,204</FONT></TD>
    <TD align=right><FONT size=2>19</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s40</FONT></div>
    </TD>
    <TD align=left><FONT size=2>CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s41</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>EARNED CAPITAL</FONT></B></TD>
    <TD align=right><B><FONT size=2>10,508,050</FONT></B></TD>
    <TD align=right><B><FONT size=2>50</FONT></B></TD>
    <TD align=right><B><FONT size=2>11,073,120</FONT></B></TD>
    <TD align=right><B><FONT size=2>50</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s42</FONT></div>
    </TD>
    <TD align=left><FONT size=2>RETAINED EARNINGS AND CAPITAL RESERVES</FONT></TD>
    <TD align=right><FONT size=2>10,144,448</FONT></TD>
    <TD align=right><FONT size=2>49</FONT></TD>
    <TD align=right><FONT size=2>10,677,190</FONT></TD>
    <TD align=right><FONT size=2>48</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s44</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER ACCUMULATED COMPREHENSIVE RESULT</FONT></TD>
    <TD align=right><FONT size=2>363,602</FONT></TD>
    <TD align=right><FONT size=2>2</FONT></TD>
    <TD align=right><FONT size=2>395,930</FONT></TD>
    <TD align=right><FONT size=2>2</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s80</FONT></div>
    </TD>
    <TD align=left><FONT size=2>SHARES REPURCHASED</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
</TABLE>
<BR>
<HR align=center width="100%" noshade SIZE=5>
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<BR>

<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><b><font size=2>MEXICAN STOCK EXCHANGE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><b><font size=2>SIFIC / ICS</font></b></td>
  </tr>

  <tr>

    <td width="97%" colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="55%" colspan=2><font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b></td>
    <td align=left width="12%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=right width="21%" colspan=2><font size=2>QUARTER: </font><font size=2>3 </font><font size=2>YEAR: </font><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="55%" colspan=2><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></td>
    <td align=left width="12%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=left width="11%">&nbsp;</td>
    <td align=left width="10%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><b><font size=2>CONSOLIDATED FINANCIAL STATEMENT</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><font size=2>BREAKDOWN OF MAIN CONCEPTS</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><font size=2>(thousands of Mexican pesos)</font></td>
  </tr>


</table>
<br>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><B><FONT size=2>REF</FONT></B></div>
      <div align="center"><B><FONT size=2>S</FONT></B></div>
    </TD>
    <TD align=left valign="top">
      <div align="center"><B><FONT size=2>CONCEPTS</FONT></B></div>
    </TD>
    <TD align=right colSpan=2 valign="top">
      <div align="center"><B><FONT size=2>CURRENT YEAR</FONT></B></div>
    </TD>
    <TD align=right colSpan=2 valign="top">
      <div align="center"><B><FONT size=2>PREVIOUS YEAR</FONT></B></div>
    </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>%</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>%</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>s03</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>CASH AND SHORT-TERM INVESTMENTS</FONT></B></TD>
    <TD align=right><B><FONT size=2>3,284,504</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>1,709,796</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s46</FONT></div>
    </TD>
    <TD align=left><FONT size=2>CASH</FONT></TD>
    <TD align=right><FONT size=2>3,104,469</FONT></TD>
    <TD align=right><FONT size=2>95</FONT></TD>
    <TD align=right><FONT size=2>1,546,154</FONT></TD>
    <TD align=right><FONT size=2>90</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s47</FONT></div>
    </TD>
    <TD align=left><FONT size=2>SHORT-TERM INVESTMENTS</FONT></TD>
    <TD align=right><FONT size=2>180,035</FONT></TD>
    <TD align=right><FONT size=2>5</FONT></TD>
    <TD align=right><FONT size=2>163,642</FONT></TD>
    <TD align=right><FONT size=2>10</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>s07</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>OTHER CURRENT ASSETS</FONT></B></TD>
    <TD align=right><B><FONT size=2>161,506</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>235,881</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s81</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DERIVATIVE FINANCIAL INSTRUMENTS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s82</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DISCONTINUED OPERATIONS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s83</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER</FONT></TD>
    <TD align=right><FONT size=2>161,506</FONT></TD>
    <TD align=right><FONT size=2>100</FONT></TD>
    <TD align=right><FONT size=2>235,881</FONT></TD>
    <TD align=right><FONT size=2>100</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>s18</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET)</FONT></B></TD>
    <TD align=right><B><FONT size=2>4,199,169</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>7,151,466</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s48</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DEFERRED EXPENSES</FONT></TD>
    <TD align=right><FONT size=2>2,390,437</FONT></TD>
    <TD align=right><FONT size=2>57</FONT></TD>
    <TD align=right><FONT size=2>2,950,654</FONT></TD>
    <TD align=right><FONT size=2>41</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s49</FONT></div>
    </TD>
    <TD align=left><FONT size=2>GOODWILL</FONT></TD>
    <TD align=right><FONT size=2>1,798,293</FONT></TD>
    <TD align=right><FONT size=2>43</FONT></TD>
    <TD align=right><FONT size=2>4,166,160</FONT></TD>
    <TD align=right><FONT size=2>58</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s51</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER</FONT></TD>
    <TD align=right><FONT size=2>10,439</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>34,652</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>s19</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>OTHER ASSETS</FONT></B></TD>
    <TD align=right><B><FONT size=2>141,497</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>122,223</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s84</FONT></div>
    </TD>
    <TD align=left><FONT size=2>INTANGIBLE ASSET FROM LABOR OBLIGATIONS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s85</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DERIVATIVE FINANCIAL INSTRUMENTS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s50</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DEFERRED TAXES</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s86</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DISCONTINUED OPERATIONS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s87</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER</FONT></TD>
    <TD align=right><FONT size=2>141,497</FONT></TD>
    <TD align=right><FONT size=2>100</FONT></TD>
    <TD align=right><FONT size=2>122,223</FONT></TD>
    <TD align=right><FONT size=2>100</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>s21</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>CURRENT LIABILITIES</FONT></B></TD>
    <TD align=right><B><FONT size=2>3,599,500</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>4,165,860</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s52</FONT></div>
    </TD>
    <TD align=left><FONT size=2>FOREIGN CURRENCY LIABILITIES</FONT></TD>
    <TD align=right><FONT size=2>2,579,156</FONT></TD>
    <TD align=right><FONT size=2>72</FONT></TD>
    <TD align=right><FONT size=2>1,991,288</FONT></TD>
    <TD align=right><FONT size=2>48</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s53</FONT></div>
    </TD>
    <TD align=left><FONT size=2>MEXICAN PESOS LIABILITIES</FONT></TD>
    <TD align=right><FONT size=2>1,020,344</FONT></TD>
    <TD align=right><FONT size=2>28</FONT></TD>
    <TD align=right><FONT size=2>2,174,572</FONT></TD>
    <TD align=right><FONT size=2>52</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>s26</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>OTHER CURRENT LIABILITIES WITHOUT COST</FONT></B></TD>
    <TD align=right><B><FONT size=2>685,199</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>1,910,983</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s88</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DERIVATIVE FINANCIAL INSTRUMENTS</FONT></TD>
    <TD align=right><FONT size=2>144,486</FONT></TD>
    <TD align=right><FONT size=2>21</FONT></TD>
    <TD align=right><FONT size=2>262,228</FONT></TD>
    <TD align=right><FONT size=2>14</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s89</FONT></div>
    </TD>
    <TD align=left><FONT size=2>INTEREST LIABILITIES</FONT></TD>
    <TD align=right><FONT size=2>5,486</FONT></TD>
    <TD align=right><FONT size=2>1</FONT></TD>
    <TD align=right><FONT size=2>12,357</FONT></TD>
    <TD align=right><FONT size=2>1</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s68</FONT></div>
    </TD>
    <TD align=left><FONT size=2>PROVISIONS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s90</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DISCONTINUED OPERATIONS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s58</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER CURRENT LIABILITIES</FONT></TD>
    <TD align=right><FONT size=2>535,227</FONT></TD>
    <TD align=right><FONT size=2>78</FONT></TD>
    <TD align=right><FONT size=2>1,636,398</FONT></TD>
    <TD align=right><FONT size=2>86</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>s27</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>LONG-TERM LIABILITIES</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s59</FONT></div>
    </TD>
    <TD align=left><FONT size=2>FOREIGN CURRENCY LIABILITIES</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s60</FONT></div>
    </TD>
    <TD align=left><FONT size=2>MEXICAN PESOS LIABILITIES</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>s31</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>DEFERRED LIABILITIES</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s65</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NEGATIVE GOODWILL</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s67</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>s32</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>OTHER NON CURRENT LIABILITIES WITHOUT COST</FONT></B></TD>
    <TD align=right><B><FONT size=2>2,793,728</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>4,299,736</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s66</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DEFERRED TAXES</FONT></TD>
    <TD align=right><FONT size=2>2,707,133</FONT></TD>
    <TD align=right><FONT size=2>97</FONT></TD>
    <TD align=right><FONT size=2>4,218,856</FONT></TD>
    <TD align=right><FONT size=2>98</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s91</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER LIABILITIES IN RESPECT OF SOCIAL INSURANCE</FONT></TD>
    <TD align=right><FONT size=2>34,023</FONT></TD>
    <TD align=right><FONT size=2>1</FONT></TD>
    <TD align=right><FONT size=2>32,138</FONT></TD>
    <TD align=right><FONT size=2>1</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s92</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DISCONTINUED OPERATIONS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s69</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER LIABILITIES</FONT></TD>
    <TD align=right><FONT size=2>52,572</FONT></TD>
    <TD align=right><FONT size=2>2</FONT></TD>
    <TD align=right><FONT size=2>48,742</FONT></TD>
    <TD align=right><FONT size=2>1</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>s79</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>CAPITAL STOCK</FONT></B></TD>
    <TD align=right><B><FONT size=2>4,142,696</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>4,142,696</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s37</FONT></div>
    </TD>
    <TD align=left><FONT size=2>CAPITAL STOCK (NOMINAL)</FONT></TD>
    <TD align=right><FONT size=2>2,420,230</FONT></TD>
    <TD align=right><FONT size=2>58</FONT></TD>
    <TD align=right><FONT size=2>2,420,230</FONT></TD>
    <TD align=right><FONT size=2>58</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>s69</FONT></div>
    </TD>
    <TD align=left><FONT size=2>RESTATEMENT OF CAPITAL STOCK</FONT></TD>
    <TD align=right><FONT size=2>1,722,466</FONT></TD>
    <TD align=right><FONT size=2>42</FONT></TD>
    <TD align=right><FONT size=2>1,722,466</FONT></TD>
    <TD align=right><FONT size=2>42</FONT></TD>
  </TR>
</TABLE>
<BR>
<HR align=center width="100%" noshade 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>

<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><b><font size=2>MEXICAN STOCK EXCHANGE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><b><font size=2>SIFIC / ICS</font></b></td>
  </tr>

  <tr>

    <td width="96%" colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="55%" colspan=2><font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b></td>
    <td align=left width="12%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=right width="21%" colspan=2><font size=2>QUARTER: </font><font size=2>3 </font><font size=2>YEAR: </font><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="55%" colspan=2><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></td>
    <td align=left width="12%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=left width="11%">&nbsp;</td>
    <td align=left width="10%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><b><font size=2>CONSOLIDATED FINANCIAL STATEMENT</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><font size=2>BREAKDOWN OF MAIN CONCEPTS</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><font size=2>(thousands of Mexican pesos)</font></td>
  </tr>


</table>
<br>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><B><FONT size=2>REF</FONT></B></div>
      <div align="center"><B><FONT size=2>S</FONT></B></div>
    </TD>
    <TD align=left valign="top">
      <div align="center"><B><FONT size=2>CONCEPTS</FONT></B></div>
    </TD>
    <TD align=right colSpan=2 valign="top">
      <div align="center"><B><FONT size=2>CURRENT YEAR</FONT></B></div>
    </TD>
    <TD align=right colSpan=2 valign="top">
      <div align="center"><B><FONT size=2>PREVIOUS YEAR</FONT></B></div>
    </TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>%</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>%</FONT></B></div>
    </TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s42</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>RETAINED EARNINGS AND CAPITAL RESERVES</FONT></B></TD>
    <TD align=right><B><FONT size=2>10,144,448</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>10,677,190</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s93</FONT></div>
    </TD>
    <TD align=left><FONT size=2>LEGAL RESERVE</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s43</FONT></div>
    </TD>
    <TD align=left><FONT size=2>RESERVE FOR REPURCHASE OF SHARES</FONT></TD>
    <TD align=right><FONT size=2>200,612</FONT></TD>
    <TD align=right><FONT size=2>2</FONT></TD>
    <TD align=right><FONT size=2>200,612</FONT></TD>
    <TD align=right><FONT size=2>2</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s94</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER RESERVES</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s95</FONT></div>
    </TD>
    <TD align=left><FONT size=2>RETAINED EARNINGS</FONT></TD>
    <TD align=right><FONT size=2>8,875,093</FONT></TD>
    <TD align=right><FONT size=2>87</FONT></TD>
    <TD align=right><FONT size=2>9,307,346</FONT></TD>
    <TD align=right><FONT size=2>87</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s45</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET INCOME FOR THE YEAR</FONT></TD>
    <TD align=right><FONT size=2>1,068,743</FONT></TD>
    <TD align=right><FONT size=2>11</FONT></TD>
    <TD align=right><FONT size=2>1,169,232</FONT></TD>
    <TD align=right><FONT size=2>11</FONT></TD>
  </TR>
  <TR>
    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>s44</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>OTHER ACCUMULATED COMPREHENSIVE RESULT</FONT></B></TD>
    <TD align=right><B><FONT size=2>363,602</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>395,930</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s70</FONT></div>
    </TD>
    <TD align=left><FONT size=2>ACCUMULATED MONETARY RESULT</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s71</FONT></div>
    </TD>
    <TD align=left><FONT size=2>RESULT FROM HOLDING NON-MONETARY ASSETS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><font size=2>s96</font></div>
    </TD>
    <TD align=left><FONT size=2>CUMULATIVE RESULT FROM FOREIGN CURRENCY TRANSLATION</FONT></TD>
    <TD align=right><FONT size=2>464,743</FONT></TD>
    <TD align=right><FONT size=2>128</FONT></TD>
    <TD align=right><FONT size=2>584,734</FONT></TD>
    <TD align=right><FONT size=2>148</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><font size=2>s97</font></div>
    </TD>
    <TD align=left><FONT size=2>CUMULATIVE RESULT FROM DERIVATIVE FINANCIAL INSTRUMENTS</FONT></TD>
    <TD align=right><FONT size=2>(101,141)</FONT></TD>
    <TD align=right><FONT size=2>(28)</FONT></TD>
    <TD align=right><FONT size=2>(188,804)</FONT></TD>
    <TD align=right><FONT size=2>(48)</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s98</FONT></div>
    </TD>
    <TD align=left><FONT size=2>CUMULATIVE EFFECT OF DEFERRED INCOME TAXES</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s99</FONT></div>
    </TD>
    <TD align=left><FONT size=2>LABOR OBLIGATION ADJUSTMENT</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>s100</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></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>

<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><b><font size=2>MEXICAN STOCK EXCHANGE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><b><font size=2>SIFIC / ICS</font></b></td>
  </tr>

  <tr>

    <td width="98%" colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="59%" colspan=2><font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b></td>
    <td align=left width="18%">&nbsp;</td>
    <td align=right width="21%"><font size=2>QUARTER: </font><font size=2>3 </font><font size=2>YEAR: </font><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="59%" colspan=2><font size=2>GRUPO SIMEC, S.A. DE C.V.</font></td>
    <td align=left width="18%">&nbsp;</td>
    <td align=left width="21%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><b><font size=2>BALANCE SHEETS</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><font size=2>OTHER CONCEPTS</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><font size=2>(thousands of Mexican pesos)</font></td>
  </tr>


</table>
<br>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">

  <TR vAlign=bottom>

    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>REF</FONT></B></div>
      <div align="center"><B><FONT size=2>S</FONT></B></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>CONCEPTS</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right rowspan="2">
      <div align="center"><B><FONT size=2>CURRENT YEAR</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right rowspan="2">
      <div align="center"><B><FONT size=2>PREVIOUS YEAR</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
  </TR>

  <TR>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>S72</FONT></div>
    </TD>
    <TD align=left><FONT size=2>WORKING CAPITAL</FONT></TD>
    <TD align=right><FONT size=2>9,830,976</FONT></TD>
    <TD align=right><FONT size=2>9,259,310</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>S73</FONT></div>
    </TD>
    <TD align=left><FONT size=2>PENSIONS FUND AND SENIORITY PREMIUMS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>S74</FONT></div>
    </TD>
    <TD align=left><FONT size=2>EXECUTIVES (*)</FONT></TD>
    <TD align=right><FONT size=2>54</FONT></TD>
    <TD align=right><FONT size=2>60</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>S75</FONT></div>
    </TD>
    <TD align=left><FONT size=2>EMPLOYERS (*)</FONT></TD>
    <TD align=right><FONT size=2>1,449</FONT></TD>
    <TD align=right><FONT size=2>1,638</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>S76</FONT></div>
    </TD>
    <TD align=left><FONT size=2>WORKERS (*)</FONT></TD>
    <TD align=right><FONT size=2>3,112</FONT></TD>
    <TD align=right><FONT size=2>2,767</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>S77</FONT></div>
    </TD>
    <TD align=left><FONT size=2>COMMON SHARES (*)</FONT></TD>
    <TD align=right><FONT size=2>497,709,214</FONT></TD>
    <TD align=right><FONT size=2>497,709,214</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>S78</FONT></div>
    </TD>
    <TD align=left><FONT size=2>REPURCHASED SHARES (*)</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>S101</FONT></div>
    </TD>
    <TD align=left><FONT size=2>RESTRICTED CASH</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>S102</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET DEBT OF NON CONSOLIDATED COMPANIES</FONT></TD>
    <TD align=right><FONT size=2>616,609</FONT></TD>
    <TD align=right><FONT size=2>645,704</FONT></TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0>
<TR>
     <TD vAlign=top nowrap width="2%">(*)&nbsp; &nbsp; &nbsp; </TD>
     <TD width="98%">THESE ITEMS SHOULD BE EXPRESSED IN UNITS </TD></TR>
<TR>
     <TD width="100%" colSpan=2>&nbsp;</TD></TR></TABLE>
<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>

<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><b><font size=2>MEXICAN STOCK EXCHANGE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><b><font size=2>SIFIC / ICS</font></b></td>
  </tr>

  <tr>

    <td width="96%" colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="55%" colspan=2><font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b></td>
    <td align=left width="12%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=right width="20%" colspan=2><font size=2>QUARTER: </font><font size=2>3 </font><font size=2>YEAR: </font><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="55%" colspan=2><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></td>
    <td align=left width="12%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=left width="11%">&nbsp;</td>
    <td align=left width="9%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><b><font size=2>STATEMENTS OF INCOME</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><font size=2>FROM JANUARY 1 TO SEPTEMBER 30 OF 2010 AND 2009</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><font size=2>(thousands of Mexican pesos)</font></td>
  </tr>


</table>
<br>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">
  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><B><FONT size=2>REF</FONT></B></div>
      <div align="center"><B><FONT size=2>R</FONT></B></div>
    </TD>
    <TD align=left valign="top">
      <div align="center"><B><FONT size=2>CATEGORIES</FONT></B></div>
    </TD>
    <TD align=right colSpan=2 valign="top">
      <div align="center"><B><FONT size=2>CURRENT YEAR</FONT></B></div>
    </TD>
    <TD align=right colSpan=2 valign="top">
      <div align="center"><B><FONT size=2>PREVIOUS YEAR</FONT></B></div>
    </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>%</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>%</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>r01</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>NET SALES</FONT></B></TD>
    <TD align=right><B><FONT size=2>18,941,567</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>14,277,276</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r02</FONT></div>
    </TD>
    <TD align=left><FONT size=2>COST OF SALES</FONT></TD>
    <TD align=right><FONT size=2>16,283,223</FONT></TD>
    <TD align=right><FONT size=2>86</FONT></TD>
    <TD align=right><FONT size=2>11,609,911</FONT></TD>
    <TD align=right><FONT size=2>81</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>r03</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>GROSS PROFIT</FONT></B></TD>
    <TD align=right><B><FONT size=2>2,658,344</FONT></B></TD>
    <TD align=right><B><FONT size=2>14</FONT></B></TD>
    <TD align=right><B><FONT size=2>2,667,365</FONT></B></TD>
    <TD align=right><B><FONT size=2>19</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r04</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OPERATING EXPENSES</FONT></TD>
    <TD align=right><FONT size=2>1,558,910</FONT></TD>
    <TD align=right><FONT size=2>8</FONT></TD>
    <TD align=right><FONT size=2>1,665,339</FONT></TD>
    <TD align=right><FONT size=2>12</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>r05</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>OPERATING INCOME</FONT></B></TD>
    <TD align=right><B><FONT size=2>1,099,434</FONT></B></TD>
    <TD align=right><B><FONT size=2>6</FONT></B></TD>
    <TD align=right><B><FONT size=2>1,002,026</FONT></B></TD>
    <TD align=right><B><FONT size=2>7</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r08</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER INCOME AND (EXPENSE), NET</FONT></TD>
    <TD align=right><FONT size=2>(41,898)</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>7,799</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r06</FONT></div>
    </TD>
    <TD align=left><FONT size=2>COMPREHENSIVE FINANCING RESULT</FONT></TD>
    <TD align=right><FONT size=2>(88,152)</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>(49,184)</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>



  <TR vAlign=top>
    <TD align=left>
      <div align="right"><font size=2>r12</font></div>
    </TD>
    <TD align=left><FONT size=2>EQUITY IN NET INCOME OF NON-CONSOLIDATED SUBSIDIARIES
      AND ASSOCIATES</FONT></TD>
    <TD align=right valign="bottom"><FONT size=2>0</FONT></TD>
    <TD align=right valign="bottom"><FONT size=2>0</FONT></TD>
    <TD align=right valign="bottom"><FONT size=2>0</FONT></TD>
    <TD align=right valign="bottom"><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r48</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NON ORDINARY ITEMS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>r09</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>INCOME BEFORE INCOME TAXES</FONT></B></TD>
    <TD align=right><B><FONT size=2>969,384</FONT></B></TD>
    <TD align=right><B><FONT size=2>5</FONT></B></TD>
    <TD align=right><B><FONT size=2>960,641</FONT></B></TD>
    <TD align=right><B><FONT size=2>7</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r10</FONT></div>
    </TD>
    <TD align=left><FONT size=2>INCOME TAXES</FONT></TD>
    <TD align=right><FONT size=2>44,636</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>168,062</FONT></TD>
    <TD align=right><FONT size=2>1</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>r11</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>INCOME (LOSS) BEFORE DISCONTINUED OPERATIONS</FONT></B></TD>
    <TD align=right><B><FONT size=2>924,748</FONT></B></TD>
    <TD align=right><B><FONT size=2>5</FONT></B></TD>
    <TD align=right><B><FONT size=2>792,579</FONT></B></TD>
    <TD align=right><B><FONT size=2>6</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r14</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DISCONTINUED OPERATIONS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>r18</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>NET CONSOLIDATED INCOME</FONT></B></TD>
    <TD align=right><B><FONT size=2>924,748</FONT></B></TD>
    <TD align=right><B><FONT size=2>5</FONT></B></TD>
    <TD align=right><B><FONT size=2>792,579</FONT></B></TD>
    <TD align=right><B><FONT size=2>6</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r19</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET INCOME OF MINORITY INTEREST</FONT></TD>
    <TD align=right><FONT size=2>(143,995)</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>(376,653)</FONT></TD>
    <TD align=right><FONT size=2>(3)</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r20</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET INCOME OF MAJORITY INTEREST</FONT></TD>
    <TD align=right><B><FONT size=2>1,068,743</FONT></B></TD>
    <TD align=right><B><FONT size=2>6</FONT></B></TD>
    <TD align=right><B><FONT size=2>1,169,232</FONT></B></TD>
    <TD align=right><B><FONT size=2>8</FONT></B></TD>
  </TR>
</TABLE>
<BR>
<HR align=center width="100%" noshade 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>

<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><b><font size=2>MEXICAN STOCK EXCHANGE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><b><font size=2>SIFIC / ICS</font></b></td>
  </tr>

  <tr>

    <td width="96%" colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="37%" colspan=2><font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b></td>
    <td align=left width="30%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=right width="21%" colspan=2><font size=2>QUARTER: </font><font size=2>3 </font><font size=2>YEAR: </font><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="37%" colspan=2><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></td>
    <td align=left width="30%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=left width="11%">&nbsp;</td>
    <td align=left width="10%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><b><font size=2>STATEMENTS OF INCOME</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><font size=2>BREAKDOWN OF MAIN CONCEPTS</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><font size=2>(thousands of Mexican pesos)</font></td>
  </tr>

  <tr>

    <td width="96%" colspan=7>&nbsp;</td>
  </tr>
</table>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><B><FONT size=2>REF</FONT></B></div>
      <div align="center"><B><FONT size=2>R</FONT></B></div>
    </TD>
    <TD align=left valign="top">
      <div align="center"><B><FONT size=2>CONCEPTS</FONT></B></div>
      </TD>
    <TD align=right colSpan=2 valign="top">
      <div align="center"><B><FONT size=2>CURRENT YEAR</FONT></B>&nbsp;</div>
      </TD>
    <TD align=right colSpan=2 valign="top">
      <div align="center"><B><FONT size=2>PREVIOUS YEAR</FONT></B>&nbsp;</div>
      </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>%</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>%</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>r01</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>NET SALES</FONT></B></TD>
    <TD align=right><B><FONT size=2>18,941,567</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>14,277,276</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r21</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DOMESTIC</FONT></TD>
    <TD align=right><FONT size=2>8,258,978</FONT></TD>
    <TD align=right><FONT size=2>44</FONT></TD>
    <TD align=right><FONT size=2>8,168,694</FONT></TD>
    <TD align=right><FONT size=2>57</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r22</FONT></div>
    </TD>
    <TD align=left><FONT size=2>FOREIGN</FONT></TD>
    <TD align=right><FONT size=2>10,682,589</FONT></TD>
    <TD align=right><FONT size=2>56</FONT></TD>
    <TD align=right><FONT size=2>6,108,582</FONT></TD>
    <TD align=right><FONT size=2>43</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r23</FONT></div>
    </TD>
    <TD align=left><FONT size=2>TRANSLATED INTO DOLLARS (***)</FONT></TD>
    <TD align=right><FONT size=2>837,029</FONT></TD>
    <TD align=right><FONT size=2>4</FONT></TD>
    <TD align=right><FONT size=2>447,238</FONT></TD>
    <TD align=right><FONT size=2>3</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>r08</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>OTHER INCOME AND (EXPENSE), NET</FONT></B></TD>
    <TD align=right><B><FONT size=2>(41,898)</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>7,799</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r49</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER INCOME AND (EXPENSE), NET</FONT></TD>
    <TD align=right><FONT size=2>(41,898)</FONT></TD>
    <TD align=right><FONT size=2>100</FONT></TD>
    <TD align=right><FONT size=2>7,799</FONT></TD>
    <TD align=right><FONT size=2>100</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r34</FONT></div>
    </TD>
    <TD align=left><FONT size=2>EMPLOYEES&#146; PROFIT SHARING EXPENSES</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r35</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DEFERRED EMPLOYEES&#146; PROFIT SHARING</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>r06</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>COMPREHENSIVE FINANCING RESULT</FONT></B></TD>
    <TD align=right><B><FONT size=2>(88,152)</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>(49,184)</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r24</FONT></div>
    </TD>
    <TD align=left><FONT size=2>INTEREST EXPENSE</FONT></TD>
    <TD align=right><FONT size=2>10,405</FONT></TD>
    <TD align=right><FONT size=2>(12)</FONT></TD>
    <TD align=right><FONT size=2>45,496</FONT></TD>
    <TD align=right><FONT size=2>(93)</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r42</FONT></div>
    </TD>
    <TD align=left><FONT size=2>GAIN (LOSS) ON RESTATEMENT OF UDI&#146;S</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r45</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER FINANCE COSTS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r26</FONT></div>
    </TD>
    <TD align=left><FONT size=2>INTEREST INCOME</FONT></TD>
    <TD align=right><FONT size=2>8,159</FONT></TD>
    <TD align=right><FONT size=2>(9)</FONT></TD>
    <TD align=right><FONT size=2>20,955</FONT></TD>
    <TD align=right><FONT size=2>(43)</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r46</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER FINANCIAL PRODUCTS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r25</FONT></div>
    </TD>
    <TD align=left><FONT size=2>FOREIGN EXCHANGE GAIN (LOSS), NET</FONT></TD>
    <TD align=right><FONT size=2>(85,906)</FONT></TD>
    <TD align=right><FONT size=2>97</FONT></TD>
    <TD align=right><FONT size=2>(24,643)</FONT></TD>
    <TD align=right><FONT size=2>50</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r28</FONT></div>
    </TD>
    <TD align=left><FONT size=2>RESULT FROM MONETARY POSITION</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r10</FONT></div>
    </TD>
    <TD align=left><FONT size=2>INCOME TAXES</FONT></TD>
    <TD align=right><B><FONT size=2>44,636</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>168,062</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r32</FONT></div>
    </TD>
    <TD align=left><FONT size=2>INCOME TAX</FONT></TD>
    <TD align=right><FONT size=2>63,459</FONT></TD>
    <TD align=right><FONT size=2>142</FONT></TD>
    <TD align=right><FONT size=2>152,674</FONT></TD>
    <TD align=right><FONT size=2>91</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r33</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DEFERRED INCOME TAX</FONT></TD>
    <TD align=right><FONT size=2>(18,823)</FONT></TD>
    <TD align=right><FONT size=2>(42)</FONT></TD>
    <TD align=right><FONT size=2>15,388</FONT></TD>
    <TD align=right><FONT size=2>9</FONT></TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0>
<TR>
     <TD vAlign=top nowrap width="2%">(***)&nbsp; &nbsp; &nbsp; </TD>
     <TD width="98%">THOUSANDS OF DOLLARS </TD></TR>
<TR>
     <TD width="100%" colSpan=2>&nbsp;</TD></TR></TABLE>
<HR align=center width="100%" noshade 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>

<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><b><font size=2>MEXICAN STOCK EXCHANGE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><b><font size=2>SIFIC / ICS</font></b></td>
  </tr>

  <tr>

    <td width="98%" colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="59%" colspan=2><font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b></td>
    <td align=left width="18%">&nbsp;</td>
    <td align=right width="21%"><font size=2>QUARTER: </font><font size=2>3 </font><font size=2>YEAR: </font><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="59%" colspan=2><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></td>
    <td align=left width="18%">&nbsp;</td>
    <td align=left width="21%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><b><font size=2>STATEMENTS OF INCOME</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><font size=2>OTHER CONCEPTS</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><font size=2>(thousands of Mexican pesos)</font></td>
  </tr>

  <tr>

    <td width="98%" colspan=4>&nbsp;</td>
  </tr>
</table>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">

  <TR vAlign=bottom>

    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>REF</FONT></B></div>
      <div align="center"><B><FONT size=2>R</FONT></B></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>CONCEPTS</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right rowspan="2">
      <div align="center"><B><FONT size=2>CURRENT YEAR</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right rowspan="2">
      <div align="center"><B><FONT size=2>PREVIOUS YEAR</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
  </TR>

  <TR>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r36</FONT></div>
    </TD>
    <TD align=left><FONT size=2>TOTAL SALES</FONT></TD>
    <TD align=right><FONT size=2>19,652,913</FONT></TD>
    <TD align=right><FONT size=2>14,674,857</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r37</FONT></div>
    </TD>
    <TD align=left><FONT size=2>TAX RESULT FOR THE YEAR</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r38</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET SALES (**)</FONT></TD>
    <TD align=right><FONT size=2>23,895,820</FONT></TD>
    <TD align=right><FONT size=2>21,895,164</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r39</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OPERATION INCOME (**)</FONT></TD>
    <TD align=right><FONT size=2>(668,799)</FONT></TD>
    <TD align=right><FONT size=2>376,924</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r40</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET INCOME OF MAJORITY INTEREST (**)</FONT></TD>
    <TD align=right><FONT size=2>(1,042,943)</FONT></TD>
    <TD align=right><FONT size=2>1,224,634</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r41</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET CONSOLIDATED INCOME (**)</FONT></TD>
    <TD align=right><FONT size=2>(423,427)</FONT></TD>
    <TD align=right><FONT size=2>341,775</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>r47</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OPERATIVE DEPRECIATION AND AMORTIZATION</FONT></TD>
    <TD align=right><FONT size=2>780,238</FONT></TD>
    <TD align=right><FONT size=2>811,806</FONT></TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0>
<TR>
     <TD vAlign=top nowrap width="2%">(**)&nbsp; &nbsp; &nbsp; </TD>
     <TD width="98%">RESTATED INFORMATION FOR THE LAST TWELVE MONTHS </TD></TR>
<TR>
     <TD width="100%" colSpan=2>&nbsp;</TD></TR></TABLE>
<HR align=center width="100%" noshade SIZE=5>
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<!-- -->
<BR>

<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><b><font size=2>MEXICAN STOCK EXCHANGE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><b><font size=2>SIFIC / ICS</font></b></td>
  </tr>

  <tr>

    <td width="97%" colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="55%" colspan=2><font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b></td>
    <td align=left width="12%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=right width="21%" colspan=2><font size=2>QUARTER: </font><font size=2>3 </font><font size=2>YEAR: </font><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="55%" colspan=2><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></td>
    <td align=left width="12%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=left width="11%">&nbsp;</td>
    <td align=left width="10%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><b><font size=2>QUARTERLY STATEMENTS OF INCOME</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><font size=2>FROM JANUARY 1 TO SEPTEMBER 30 OF 2010 AND 2009</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><font size=2>(thousands of Mexican pesos)</font></td>
  </tr>

  <tr>

    <td width="97%" colspan=7>&nbsp;</td>
  </tr>
</table>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><B><FONT size=2>REF</FONT></B></div>
      <div align="center"><B><FONT size=2>R</FONT></B></div>
    </TD>
    <TD align=left valign="top">
      <div align="center"><B><FONT size=2>CATEGORIES</FONT></B></div>
    </TD>
    <TD align=right colSpan=2 valign="top">
      <div align="center"><B><FONT size=2>CURRENT YEAR</FONT></B></div>
    </TD>
    <TD align=right colSpan=2 valign="top">
      <div align="center"><B><FONT size=2>PREVIOUS YEAR</FONT></B></div>
    </TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>%</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>%</FONT></B></div>
    </TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>r01</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>NET SALES</FONT></B></TD>
    <TD align=right><B><FONT size=2>6,181,671</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>5,035,211</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>r02</FONT></div>
    </TD>
    <TD align=left><FONT size=2>COST OF SALES</FONT></TD>
    <TD align=right><FONT size=2>5,511,059</FONT></TD>
    <TD align=right><FONT size=2>89</FONT></TD>
    <TD align=right><FONT size=2>4,242,839</FONT></TD>
    <TD align=right><FONT size=2>84</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>r03</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>GROSS PROFIT</FONT></B></TD>
    <TD align=right><B><FONT size=2>670,612</FONT></B></TD>
    <TD align=right><B><FONT size=2>11</FONT></B></TD>
    <TD align=right><B><FONT size=2>792,372</FONT></B></TD>
    <TD align=right><B><FONT size=2>16</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>r04</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OPERATING EXPENSES</FONT></TD>
    <TD align=right><FONT size=2>551,030</FONT></TD>
    <TD align=right><FONT size=2>9</FONT></TD>
    <TD align=right><FONT size=2>536,909</FONT></TD>
    <TD align=right><FONT size=2>11</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>r05</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>OPERATING INCOME</FONT></B></TD>
    <TD align=right><B><FONT size=2>119,582</FONT></B></TD>
    <TD align=right><B><FONT size=2>2</FONT></B></TD>
    <TD align=right><B><FONT size=2>255,463</FONT></B></TD>
    <TD align=right><B><FONT size=2>5</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>r08</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER INCOME AND (EXPENSE), NET</FONT></TD>
    <TD align=right><FONT size=2>(5,987)</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>7,330</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>r06</FONT></div>
    </TD>
    <TD align=left><FONT size=2>COMPREHENSIVE FINANCING RESULT</FONT></TD>
    <TD align=right><FONT size=2>(49,841)</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>11,461</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left valign="top">
      <div align="right"><font size=2>r12</font></div>
    </TD>
    <TD align=left valign="top"><FONT size=2>EQUITY IN NET INCOME OF NON-CONSOLIDATED
      SUBSIDIARIES AND ASSOCIATES</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>r48</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NON ORDINARY ITEMS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>r09</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>INCOME BEFORE INCOME TAXES</FONT></B></TD>
    <TD align=right><B><FONT size=2>63,754</FONT></B></TD>
    <TD align=right><B><FONT size=2>1</FONT></B></TD>
    <TD align=right><B><FONT size=2>274,254</FONT></B></TD>
    <TD align=right><B><FONT size=2>5</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>r10</FONT></div>
    </TD>
    <TD align=left><FONT size=2>INCOME TAXES</FONT></TD>
    <TD align=right><FONT size=2>58,192</FONT></TD>
    <TD align=right><FONT size=2>1</FONT></TD>
    <TD align=right><FONT size=2>7,287</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>r11</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>INCOME (LOSS) BEFORE DISCONTINUED OPERATIONS</FONT></B></TD>
    <TD align=right><B><FONT size=2>5,562</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>266,967</FONT></B></TD>
    <TD align=right><B><FONT size=2>5</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>r14</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DISCONTINUED OPERATIONS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><B><FONT size=2>r18</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>NET CONSOLIDATED INCOME</FONT></B></TD>
    <TD align=right><B><FONT size=2>5,562</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>266,967</FONT></B></TD>
    <TD align=right><B><FONT size=2>5</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>r19</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET INCOME OF MINORITY INTEREST</FONT></TD>
    <TD align=right><FONT size=2>(100,599)</FONT></TD>
    <TD align=right><FONT size=2>(2)</FONT></TD>
    <TD align=right><FONT size=2>(80,758)</FONT></TD>
    <TD align=right><FONT size=2>(2)</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="right"><FONT size=2>r20</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET INCOME OF MAJORITY INTEREST</FONT></TD>
    <TD align=right><B><FONT size=2>106,161</FONT></B></TD>
    <TD align=right><B><FONT size=2>2</FONT></B></TD>
    <TD align=right><B><FONT size=2>347,725</FONT></B></TD>
    <TD align=right><B><FONT size=2>7</FONT></B></TD>
  </TR>
</TABLE>
<BR>
<HR align=center width="100%" noshade SIZE=5>
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<BR>

<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><b><font size=2>MEXICAN STOCK EXCHANGE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><b><font size=2>SIFIC / ICS</font></b></td>
  </tr>

  <tr>

    <td width="97%" colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="37%" colspan=2><font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b></td>
    <td align=left width="30%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=right width="21%" colspan=2><font size=2>QUARTER: </font><font size=2>3 </font><font size=2>YEAR: </font><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="37%" colspan=2><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></td>
    <td align=left width="30%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=left width="11%">&nbsp;</td>
    <td align=left width="10%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><b><font size=2>QUARTERLY STATEMENTS OF INCOME</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><font size=2>BREAKDOWN OF MAIN CONCEPTS</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><font size=2>(thousands of Mexican pesos)</font></td>
  </tr>

  <tr>

    <td width="97%" colspan=7>&nbsp;</td>
  </tr>
</table>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">
  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><B><FONT size=2>REF</FONT></B></div>
      <div align="center"><B><FONT size=2>R</FONT></B></div>
    </TD>
    <TD align=left valign="top">
      <div align="center"><B><FONT size=2>CONCEPTS</FONT></B></div>
      </TD>
    <TD align=right colSpan=2 valign="top">
      <div align="center"><B><FONT size=2>CURRENT YEAR</FONT></B></div>
      </TD>
    <TD align=right colSpan=2 valign="top">
      <div align="center"><B><FONT size=2>PREVIOUS YEAR</FONT></B></div>
      </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>%</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>%</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>rt01</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>NET SALES</FONT></B></TD>
    <TD align=right><B><FONT size=2>6,181,671</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>5,035,211</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>rt21</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DOMESTIC</FONT></TD>
    <TD align=right><FONT size=2>2,628,470</FONT></TD>
    <TD align=right><FONT size=2>43</FONT></TD>
    <TD align=right><FONT size=2>2,686,776</FONT></TD>
    <TD align=right><FONT size=2>53</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>rt22</FONT></div>
    </TD>
    <TD align=left><FONT size=2>FOREIGN</FONT></TD>
    <TD align=right><FONT size=2>3,553,201</FONT></TD>
    <TD align=right><FONT size=2>57</FONT></TD>
    <TD align=right><FONT size=2>2,348,435</FONT></TD>
    <TD align=right><FONT size=2>47</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>rt23</FONT></div>
    </TD>
    <TD align=left><FONT size=2>TRANSLATED INTO DOLLARS (***)</FONT></TD>
    <TD align=right><FONT size=2>271,174</FONT></TD>
    <TD align=right><FONT size=2>4</FONT></TD>
    <TD align=right><FONT size=2>177,944</FONT></TD>
    <TD align=right><FONT size=2>4</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>rt08</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>OTHER INCOME AND (EXPENSE), NET</FONT></B></TD>
    <TD align=right><B><FONT size=2>(5,987)</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>7,330</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>rt49</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER INCOME AND (EXPENSE), NET</FONT></TD>
    <TD align=right><FONT size=2>(5,987)</FONT></TD>
    <TD align=right><FONT size=2>100</FONT></TD>
    <TD align=right><FONT size=2>7,330</FONT></TD>
    <TD align=right><FONT size=2>100</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>rt34</FONT></div>
    </TD>
    <TD align=left><FONT size=2>EMPLOYEES&#146; PROFIT SHARING EXPENSES</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>rt35</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DEFERRED EMPLOYEES&#146; PROFIT SHARING</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><B><FONT size=2>rt06</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>COMPREHENSIVE FINANCING RESULT</FONT></B></TD>
    <TD align=right><B><FONT size=2>(49,841)</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>11,461</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>rt24</FONT></div>
    </TD>
    <TD align=left><FONT size=2>INTEREST EXPENSE</FONT></TD>
    <TD align=right><FONT size=2>4,309</FONT></TD>
    <TD align=right><FONT size=2>(9)</FONT></TD>
    <TD align=right><FONT size=2>15,874</FONT></TD>
    <TD align=right><FONT size=2>139</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>rt42</FONT></div>
    </TD>
    <TD align=left><FONT size=2>GAIN (LOSS) ON RESTATEMENT OF UDI&#146;S</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>rt45</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER FINANCE COSTS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>rt26</FONT></div>
    </TD>
    <TD align=left><FONT size=2>INTEREST INCOME</FONT></TD>
    <TD align=right><FONT size=2>(372)</FONT></TD>
    <TD align=right><FONT size=2>1</FONT></TD>
    <TD align=right><FONT size=2>2,873</FONT></TD>
    <TD align=right><FONT size=2>25</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>rt46</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OTHER FINANCIAL PRODUCTS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>rt25</FONT></div>
    </TD>
    <TD align=left><FONT size=2>FOREIGN EXCHANGE GAIN (LOSS), NET</FONT></TD>
    <TD align=right><FONT size=2>(45,160)</FONT></TD>
    <TD align=right><FONT size=2>91</FONT></TD>
    <TD align=right><FONT size=2>24,462</FONT></TD>
    <TD align=right><FONT size=2>213</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>rt28</FONT></div>
    </TD>
    <TD align=left><FONT size=2>RESULT FROM MONETARY POSITION</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="right">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>rt10</FONT></div>
    </TD>
    <TD align=left><FONT size=2>INCOME TAXES</FONT></TD>
    <TD align=right><B><FONT size=2>(58,192)</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
    <TD align=right><B><FONT size=2>7,287</FONT></B></TD>
    <TD align=right><B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>rt32</FONT></div>
    </TD>
    <TD align=left><FONT size=2>INCOME TAX</FONT></TD>
    <TD align=right><FONT size=2>31,068</FONT></TD>
    <TD align=right><FONT size=2>53</FONT></TD>
    <TD align=right><FONT size=2>96,684</FONT></TD>
    <TD align=right><FONT size=2>1327</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right"><FONT size=2>rt33</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DEFERRED INCOME TAX</FONT></TD>
    <TD align=right><FONT size=2>27,124</FONT></TD>
    <TD align=right><FONT size=2>47</FONT></TD>
    <TD align=right><FONT size=2>(89,397)</FONT></TD>
    <TD align=right><FONT size=2>(1227)</FONT></TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0>
<TR>
     <TD vAlign=top nowrap width="2%">(***)&nbsp; &nbsp; &nbsp; </TD>
     <TD width="98%">THOUSANDS OF DOLLARS </TD></TR>
<TR>
     <TD width="100%" colSpan=2>&nbsp;</TD></TR></TABLE>
<HR align=center width="100%" noshade SIZE=5>
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<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="99%" colspan=4><b><font size=2>MEXICAN STOCK EXCHANGE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="99%" colspan=4><b><font size=2>SIFIC / ICS</font></b></td>
  </tr>

  <tr>

    <td width="99%" colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="70%" colspan=2><font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b></td>
    <td align=left width="29%" colspan="2">
      <div align="right"><font size=2>QUARTER: </font><font size=2>3 </font><font size=2>YEAR: </font><b><font size=2>2010</font></b></div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=left width="70%" colspan=2><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></td>
    <td align=left width="18%">&nbsp;</td>
    <td align=left width="11%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="99%" colspan=4><b><font size=2>QUARTERLY STATEMENTS OF INCOME</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="99%" colspan=4><font size=2>OTHER CONCEPTS</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="99%" colspan=4><font size=2>(thousands of Mexican pesos)</font></td>
  </tr>

  <tr>

    <td width="99%" colspan=4>&nbsp;</td>
  </tr>
</table>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 width="100%" border=1 cellpadding="2">

  <TR vAlign=bottom>

    <TD align=left width="7%" rowspan="2">
      <div align="center"><B><FONT size=2>REF</FONT></B></div>
      <div align="center"><B><FONT size=2>RT</FONT></B></div>
    </TD>
    <TD align=right width="63%" rowspan="2">
      <div align="center"><B><FONT size=2>CONCEPTS</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left width="18%" rowspan="2">
      <div align="center"><B><FONT size=2>CURRENT</FONT></B></div>
      <div align="center"><B><FONT size=2>YEAR</FONT></B></div>
    </TD>
    <TD align=left width="11%" rowspan="2">
      <div align="center"><B><FONT size=2>PREVIOUS</FONT></B></div>
      <div align="center"><B><FONT size=2>YEAR</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    <TD align=left width="7%">
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left width="63%">
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left width="18%">
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=left width="11%">
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="7%">
      <div align="right"><FONT size=2>rt47</FONT></div>
    </TD>
    <TD align=right width="63%">
      <div align="left"><FONT size=2>OPERATIVE DEPRECIATION AND AMORTIZATION</FONT></div>
    </TD>
    <TD align=left width="18%">
      <div align="right"><FONT size=2>260,612</FONT></div>
    </TD>
    <TD align=left width="11%">
      <div align="right"><FONT size=2>267,057</FONT></div>
    </TD>
  </TR>
</TABLE>
<BR>
<HR align=center width="100%" noshade SIZE=5>
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<BR>

<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><b><font size=2>MEXICAN STOCK EXCHANGE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><b><font size=2>SIFIC / ICS</font></b></td>
  </tr>

  <tr>

    <td width="98%" colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="58%" colspan=2><font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b></td>
    <td align=left width="19%">&nbsp;</td>
    <td align=right width="21%"><font size=2>QUARTER: </font><font size=2>3 </font><font size=2>YEAR:</font><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="58%" colspan=2><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></td>
    <td align=left width="19%">&nbsp;</td>
    <td align=left width="21%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><b><font size=2>STATE OF CASH FLOW DIRECT METHOD)</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><font size=2>FROM APRIL 1 TO SEPTEMBER 30 OF 2010 AND 2009</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><font size=2>(thousands of pesos)</font></td>
  </tr>

  <tr>

    <td width="98%" colspan=4>&nbsp;</td>
  </tr>
</table>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">
  <TR vAlign=bottom>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>REF</FONT></B></div>
      <div align="center"><B><FONT size=2>C</FONT></B></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>CONCEPTS</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right rowspan="2">
      <div align="center"><B><FONT size=2>CURRENT YEAR</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right rowspan="2">
      <div align="center"><B><FONT size=2>PREVIOUS YEAR</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
  </TR>
  <TR vAlign=bottom> </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
  </TR>
  <TR>
    <TD>
      <div align="center">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>&nbsp;</TD>
    <TD align=left><B><FONT size=2>ACTIVITIES OF OPERATION</FONT></B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><B><FONT size=2>e01</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>INCOME (LOSS) BEFORE INCOME TAXES</FONT></B></TD>
    <TD align=right><B><FONT size=2>969,384</FONT></B></TD>
    <TD align=right><B><FONT size=2>960,641</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><FONT size=2>e02</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ (-) ITEMS NOT REQUIRING CASH</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><FONT size=2>e03</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ (-) ITEMS RELATED TO INVESTING ACTIVITIES</FONT></TD>
    <TD align=right><FONT size=2>772,962</FONT></TD>
    <TD align=right><FONT size=2>788,894</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><FONT size=2>e04</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ (-) ITEMS RELATED TO FINANCING ACTIVITIES</FONT></TD>
    <TD align=right><FONT size=2>10,405</FONT></TD>
    <TD align=right><FONT size=2>45,496</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><B><FONT size=2>e05</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>CASH FLOW BEFORE INCOME TAX</FONT></B></TD>
    <TD align=right><B><FONT size=2>1,752,751</FONT></B></TD>
    <TD align=right><B><FONT size=2>1,795,031</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><FONT size=2>e06</FONT></div>
    </TD>
    <TD align=left><FONT size=2>CASH FLOW PROVIDED OR USED IN OPERATION</FONT></TD>
    <TD align=right><FONT size=2>(97,041)</FONT></TD>
    <TD align=right><FONT size=2>(474,173)</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><B><FONT size=2>e07</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>CASH FLOW PROVIDED OF OPERATING ACTIVITIES</FONT></B></TD>
    <TD align=right><B><FONT size=2>1,655,710</FONT></B></TD>
    <TD align=right><B><FONT size=2>1,320,858</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left><B><FONT size=2>INVESTMENT ACTIVITIES</FONT></B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><FONT size=2>e08</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET CASH FLOW FROM INVESTING ACTIVITIES</FONT></TD>
    <TD align=right><FONT size=2>(191,117)</FONT></TD>
    <TD align=right><FONT size=2>(144,649)</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><b><font size=2>e09</font></b></div>
    </TD>
    <TD align=left><B><FONT size=2>CASH FLOW AFTER INVESTING ACTIVITIES FINANCING
      ACTIVITIES</FONT></B></TD>
    <td align=right><b><font size=2>1,464,593</font></b></td>
    <td align=right><b><font size=2>1,176,209</font></b></td>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><FONT size=2>e10</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET CASH FROM FINANCING ACTIVITIES</FONT></TD>
    <TD align=right><FONT size=2>(128,567)</FONT></TD>
    <TD align=right><FONT size=2>(43,154)</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><b><font size=2>e11</font></b></div>
    </TD>
    <TD align=left><B><FONT size=2>NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS</FONT></B></TD>
    <TD align=right><B><FONT size=2>1,336,026</FONT></B></TD>
    <TD align=right><B><FONT size=2>1,133,055</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><b><font size=2>e12</font></b></div>
    </TD>
    <TD align=left><B><FONT size=2>TRANSLATION DIFFERENCES IN CASH AND CASH EQUIVALENTS</FONT></B></TD>
    <TD align=right><B><FONT size=2>(422)</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><FONT size=2>e13</FONT></div>
    </TD>
    <TD align=left><FONT size=2>CASH AND CASH EQUIVALENTS AT THE BEGINNING OF
      PERIOD</FONT></TD>
    <TD align=right><FONT size=2>1,948,900</FONT></TD>
    <TD align=right><FONT size=2>576,741</FONT></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>
      <div align="center"><B><FONT size=2>e14</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>CASH AND CASH EQUIVALENTS AT THE END OF PERIOD</FONT></B></TD>
    <TD align=right><B><FONT size=2>3,284,504</FONT></B></TD>
    <TD align=right><B><FONT size=2>1,709,796</FONT></B></TD>
  </TR>
</TABLE>
<BR>
<HR align=center width="100%" noshade SIZE=5>
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<BR>

<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><b><font size=2>MEXICAN STOCK EXCHANGE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><b><font size=2>SIFIC / ICS</font></b></td>
  </tr>

  <tr>

    <td width="98%" colspan=4>&nbsp;</td>
  </tr>

  <tr>

    <td width="98%" colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="58%" colspan=2><font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b></td>
    <td align=left width="19%">&nbsp;</td>
    <td align=right width="21%"><font size=2>QUARTER: </font><font size=2>3 </font><font size=2>YEAR: </font><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="58%" colspan=2><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></td>
    <td align=left width="19%">&nbsp;</td>
    <td align=left width="21%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><b><font size=2>STATE OF CASH FLOW (INDIRECT METHOD)</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><font size=2>BREAKDOWN OF MAIN CONCEPTS</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><font size=2>(thousands of pesos)</font></td>
  </tr>

  <tr>

    <td width="98%" colspan=4>&nbsp;</td>
  </tr>
</table>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">

  <TR vAlign=bottom>

    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>REF</FONT></B></div>
      <div align="center"><B><FONT size=2>C</FONT></B></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>CONCEPTS</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right rowspan="2">
      <div align="center"><B><FONT size=2>CURRENT YEAR</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right rowspan="2">
      <div align="center"><B><FONT size=2>PREVIOUS YEAR</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><B><FONT size=2>e02</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>+ (-) ITEMS NOT REQUIRING CASH</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
    <TD align=right><B><FONT size=2>0</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e15</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ ESTIMATES FOR THE PERIOD</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e16</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ PROVISIONS FOR THE PERIOD</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e17</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ (-) OTHER UNREALIZED ITEMS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="center">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><B><FONT size=2>e03</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>+ (-) ITEMS RELATED TO INVESTING ACTIVITIES</FONT></B></TD>
    <TD align=right><B><FONT size=2>772,962</FONT></B></TD>
    <TD align=right><B><FONT size=2>788,894</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e18</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ DEPRECIATION AND AMORTIZATION FOR THE PERIOD</FONT></TD>
    <TD align=right><FONT size=2>780,238</FONT></TD>
    <TD align=right><FONT size=2>811,806</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e19</FONT></div>
    </TD>
    <TD align=left><FONT size=2>(-) + GAIN OR LOSS ON SALE PROPERTY, PLANT AND EQUIPMENT</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e20</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ IMPAIRMENT LOSS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e21</FONT></div>
    </TD>
    <TD align=left><FONT size=2>(-) + EQUITY IN RESULTS OF ASSOCIATES AND JOINT VENTURES</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e22</FONT></div>
    </TD>
    <TD align=left><FONT size=2>(-) DIVIDENDS RECEIVED</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e23</FONT></div>
    </TD>
    <TD align=left><FONT size=2>(-) INTEREST INCOME</FONT></TD>
    <TD align=right><FONT size=2>(8,159)</FONT></TD>
    <TD align=right><FONT size=2>.(20,955)</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e24</FONT></div>
    </TD>
    <TD align=left><FONT size=2>(-) + OTHER ITEMS</FONT></TD>
    <TD align=right><FONT size=2>883</FONT></TD>
    <TD align=right><FONT size=2>(1,957)</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="center">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><B><FONT size=2>e04</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>+ (-) ITEMS RELATED TO FINANCING ACTIVITIES</FONT></B></TD>
    <TD align=right><B><FONT size=2>10,405</FONT></B></TD>
    <TD align=right><B><FONT size=2>45,496</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e25</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ ACCRUED INTEREST</FONT></TD>
    <TD align=right><FONT size=2>10,405</FONT></TD>
    <TD align=right><FONT size=2>45,496</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e26</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ (-) OTHER ITEMS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="center">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><B><FONT size=2>e06</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>CASH FLOW PROVIDED OR USED IN OPERATION</FONT></B></TD>
    <TD align=right><B><FONT size=2>(97,041)</FONT></B></TD>
    <TD align=right><B><FONT size=2>(474,173)</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e27</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ (-) DECREASE (INCREASE) IN ACCOUNTS RECEIVABLE</FONT></TD>
    <TD align=right><FONT size=2>(1,223,477)</FONT></TD>
    <TD align=right><FONT size=2>332,042</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e28</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ (-) DECREASE (INCREASE) IN INVENTORIES</FONT></TD>
    <TD align=right><FONT size=2>529,890</FONT></TD>
    <TD align=right><FONT size=2>478,073</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e29</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ (-)DECREASE (INCREASE) IN IN OTHER ACCOUNT RECEIVABLES</FONT></TD>
    <TD align=right><FONT size=2>815,332</FONT></TD>
    <TD align=right><FONT size=2>(142,571)</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e30</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ (-) INCREASE DECREASE IN SUPPLIERS</FONT></TD>
    <TD align=right><FONT size=2>174,100</FONT></TD>
    <TD align=right><FONT size=2>(1,379,700)</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e31</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ (-)INCREASE DECREASE IN OTHER LIABILITIES</FONT></TD>
    <TD align=right><FONT size=2>(349,028)</FONT></TD>
    <TD align=right><FONT size=2>687,200</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e32</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ (-) INCOME TAXES PAID OR RETURNED</FONT></TD>
    <TD align=right><FONT size=2>(43,858)</FONT></TD>
    <TD align=right><FONT size=2>(449,217)</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="center">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><B><FONT size=2>e08</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>NET CASH FLOW FROM INVESTING ACTIVITIES</FONT></B></TD>
    <TD align=right><B><FONT size=2>(191,117)</FONT></B></TD>
    <TD align=right><B><FONT size=2>(144,649)</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e33</FONT></div>
    </TD>
    <TD align=left><FONT size=2>(-) PERMANENT INVESTMENT IN SHARES</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e34</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ DISPOSITION OF PERMANENT INVESTMENT IN SHARES</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e35</FONT></div>
    </TD>
    <TD align=left><FONT size=2>(-) INVESTMENT IN PROPERTY PLANT AND EQUIPMENT</FONT></TD>
    <TD align=right><FONT size=2>(193,755)</FONT></TD>
    <TD align=right><FONT size=2>(165,604)</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e36</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ SALE OF PROPERTY PLANT AND EQUIPMENT</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e37</FONT></div>
    </TD>
    <TD align=left><FONT size=2>(-) INVESTMENT IN INTANGIBLE ASSETS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e38</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ DISPOSITION OF INTANGIBLE ASSETS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e39</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ OTHER PERMANENT INVESTMENTS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e40</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ DISPOSITION OF OTHER PERMANENT INVESTMENTS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e41</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ DIVIDEND RECEIVED</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left height="16">
      <div align="center"><FONT size=2>e42</FONT></div>
    </TD>
    <TD align=left height="16"><FONT size=2>+ INTEREST RECEIVED</FONT></TD>
    <TD align=right height="16"><FONT size=2>8,159</FONT></TD>
    <TD align=right height="16"><FONT size=2>20,955</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e43</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ (-) DECREASE (INCREASE) ADVANCES AND LOANS TO THIRD PARTS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e44</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ (-) OTHER ITEMS</FONT></TD>
    <TD align=right><FONT size=2>(5,521)</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR>

    <TD>
      <div align="center">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><B><FONT size=2>e10</FONT></B></div>
    </TD>
    <TD align=left><B><FONT size=2>NET CASH FRON FINANCING ACTIVITIES</FONT></B></TD>
    <TD align=right><B><FONT size=2>(128,567)</FONT></B></TD>
    <TD align=right><B><FONT size=2>(43,154)</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e45</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ BANK FINANCING</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e46</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ STOCK MARKET FINANCING</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e47</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ OTHER FINANCING</FONT></TD>
    <TD align=right><FONT size=2>250,022</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e48</FONT></div>
    </TD>
    <TD align=left><FONT size=2>(-) BANK FINANCING AMORTIZATION</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>(8,777)</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e49</FONT></div>
    </TD>
    <TD align=left><FONT size=2>(-) STOCK MARKET FINANCING AMORTIZATION</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e50</FONT></div>
    </TD>
    <TD align=left><FONT size=2>(-) OTHER FINANCING AMORTIZATION</FONT></TD>
    <TD align=right><FONT size=2>(369,504)</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e51</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ (-) INCREASE (DECREASE ) IN CAPITAL STOCK</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e52</FONT></div>
    </TD>
    <TD align=left><FONT size=2>(-) DIVIDENS PAID</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e53</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ PREMIUM ON ISSUANCE OF SHARES</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e54</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e55</FONT></div>
    </TD>
    <TD align=left><FONT size=2>(-) INTEREST EXPENSE</FONT></TD>
    <TD align=right><FONT size=2>(9,085)</FONT></TD>
    <TD align=right><FONT size=2>(21,270)</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e56</FONT></div>
    </TD>
    <TD align=left><FONT size=2>(-) REPURCHASE OF SHARES</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>e57</FONT></div>
    </TD>
    <TD align=left><FONT size=2>+ (-) OTHER ITEMS</FONT></TD>
    <TD align=right><FONT size=2>0</FONT></TD>
    <TD align=right><FONT size=2>(13,107)</FONT></TD>
  </TR>
</TABLE>
<BR>
<HR align=center width="100%" noshade 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>

<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="97%" colspan=5><b><font size=2>MEXICAN STOCK EXCHANGE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=5><b><font size=2>SIFIC / ICS</font></b></td>
  </tr>

  <tr>

    <td width="97%" colspan=5>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="56%" colspan=2><font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b></td>
    <td align=left width="8%">&nbsp;</td>
    <td align=left width="11%">&nbsp;</td>
    <td align=center width="22%"><font size=2>QUARTER: </font><font size=2>3 </font><font size=2>YEAR: </font><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="56%" colspan=2><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></td>
    <td align=left width="8%">&nbsp;</td>
    <td align=left width="11%">&nbsp;</td>
    <td align=left width="22%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=5><b><font size=2>DATE PER SHARE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=5><font size=2>CONSOLIDATED</font></td>
  </tr>

  <tr>

    <td width="97%" colspan=5>&nbsp;</td>
  </tr>

  <tr>

    <td width="97%" colspan=5>&nbsp;</td>
  </tr>
</table>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 cellpadding="2" width="100%">
  <TR vAlign=bottom>

    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>REF</FONT></B></div>
      <div align="center"><B><FONT size=2>D</FONT></B></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>CATEGORIES</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left colSpan=2 rowspan="2" width="15%">
      <div align="center"><B><FONT size=2>QUARTER OF PRESENT</FONT></B></div>
      <div align="center"><B><FONT size=2>FINANCIAL YEAR</FONT></B></div>
    </TD>
    <TD align=center rowspan="2" width="15%">
      <div align="center"><B><FONT size=2>QUARTER OF PREVIOUS</FONT></B></div>
      <div align="center"><B><FONT size=2>FINANCIAL YEAR</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR>

    <TD colSpan=5>&nbsp;</TD>
  </TR>

  <TR>

    <TD colSpan=5>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>d01</FONT></div>
    </TD>
    <TD align=left><FONT size=2>BASIC PROFIT PER ORDINARY SHARE (**)</FONT></TD>
    <TD align=left colSpan=2>
      <div align="center"><FONT size=2>$ (0.85)</FONT></div>
    </TD>
    <TD align=left>
      <div align="center"><FONT size=2>$ 0.52</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>d02</FONT></div>
    </TD>
    <TD align=left><FONT size=2>BASIC PROFIT PER PREFERRED SHARE (**)</FONT></TD>
    <TD align=left colSpan=2>
      <div align="center"><FONT size=2>$ 0.00</FONT></div>
    </TD>
    <TD align=left>
      <div align="center"><FONT size=2>$ 0.00</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>d03</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DILUTED PROFIT PER ORDINARY SHARE (**)</FONT></TD>
    <TD align=left colSpan=2>
      <div align="center"><FONT size=2>$ 0.00</FONT></div>
    </TD>
    <TD align=left>
      <div align="center"><FONT size=2>$ 0.00</FONT></div>
    </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left valign="top">
      <div align="center"><font size=2>d04</font></div>
    </TD>
    <TD align=left valign="top"><FONT size=2>EARNINGS (LOSS) BEFORE DISCONTINUED
      OPERATIONS PER COMMON SHARE (**)</FONT></TD>
    <TD align=left colSpan=2>
      <div align="center"><FONT size=2>$ (0.85)</FONT></div>
    </TD>
    <TD align=left>
      <div align="center"><FONT size=2>$ 0.52</FONT></div>
    </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><font size=2>d05</font></div>
    </TD>
    <TD align=left><FONT size=2>DISCONTINUED OPERATIONS EFFECT ON EARNING (LOSS) PER SHARE (**)</FONT></TD>
    <TD align=left colSpan=2>
      <div align="center"><FONT size=2>$ 0.00</FONT></div>
    </TD>
    <TD align=left>
      <div align="center"><FONT size=2>$ 0.00</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>d08</FONT></div>
    </TD>
    <TD align=left><FONT size=2>CARRYING VALUE PER SHARE</FONT></TD>
    <TD align=left colSpan=2>
      <div align="center"><FONT size=2>$ 37.89</FONT></div>
    </TD>
    <TD align=left>
      <div align="center"><FONT size=2>$ 39.03</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>d09</FONT></div>
    </TD>
    <TD align=left><FONT size=2>CASH DIVIDEND ACCUMULATED PER SHARE</FONT></TD>
    <TD align=left colSpan=2>
      <div align="center"><FONT size=2>$ 0.00</FONT></div>
    </TD>
    <TD align=left>
      <div align="center"><FONT size=2>$ 0.00</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>d10</FONT></div>
    </TD>
    <TD align=left><FONT size=2>DIVIDEND IN SHARES PER SHARE</FONT></TD>
    <TD align=left colspan="2">
      <div align="center"><FONT size=2>0.00 shares</FONT></div>
      </TD>
    <TD align=left>
      <div align="center"><FONT size=2>0.00 shares</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>d11</FONT></div>
    </TD>
    <TD align=left><FONT size=2>MARKET PRICE TO CARRYING VALUE</FONT></TD>
    <TD align=left colspan="2">
      <div align="center"><FONT size=2>0.81 times</FONT></div>
      </TD>
    <TD align=left>
      <div align="center"><FONT size=2>0.92 times</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>d12</FONT></div>
    </TD>
    <TD align=left><FONT size=2>MARKET PRICE TO BASIC PROFIT PER ORDINARY SHARE</FONT></TD>
    <TD align=left colSpan=2>
      <div align="center"><FONT size=2>(36.04) times</FONT></div>
    </TD>
    <TD align=left>
      <div align="center"><FONT size=2>52.13 times</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>d13</FONT></div>
    </TD>
    <TD align=left><FONT size=2>MARKET PRICE TO BASIC PROFIT PER PREFERENT SHARE (**)</FONT></TD>
    <TD align=left colspan="2">
      <div align="center"><FONT size=2>0.00 times</FONT></div>
      </TD>
    <TD align=left>
      <div align="center"><FONT size=2>0.00 times</FONT></div>
    </TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0>
<TR>
     <TD vAlign=top nowrap width="2%">(**)&nbsp; &nbsp; &nbsp; </TD>
     <TD width="98%">TO CALCULATE THE DATE PER SHARE USE THE NET INCOME FOR THE LAST TWELVE MONTHS. </TD></TR>
<TR>
     <TD width="100%" colSpan=2>&nbsp;</TD></TR></TABLE>
<HR align=center width="100%" noshade SIZE=5>
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<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><b><font size=2>MEXICAN STOCK EXCHANGE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><b><font size=2>SIFIC / ICS</font></b></td>
  </tr>

  <tr>

    <td width="98%" colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="56%" colspan=2><font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b></td>
    <td align=left width="20%">&nbsp;</td>
    <td align=center width="22%"><font size=2>QUARTER: </font><font size=2>3 </font><font size=2>YEAR: </font><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="56%" colspan=2><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></td>
    <td align=left width="20%">&nbsp;</td>
    <td align=left width="22%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><b><font size=2>RATIOS</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><font size=2>CONSOLIDATED</font></td>
  </tr>

  <tr>

    <td width="98%" colspan=4>&nbsp;</td>
  </tr>
</table>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">

  <TR vAlign=bottom>

    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>REF</FONT></B></div>
      <div align="center"><B><FONT size=2>P</FONT></B></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>CATEGORIES</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><B><FONT size=2>QUARTER OF PRESENT</FONT></B></div>
      <div align="center"><B><FONT size=2>FINANCIAL YEAR</FONT></B></div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><B><FONT size=2>QUARTER OF PREVIOUS</FONT></B></div>
      <div align="center"><B><FONT size=2>FINANCIAL YEAR</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>&nbsp;</TD>
    <TD align=left><B><FONT size=2>YIELD</FONT></B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p01</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET INCOME TO NET SALES</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>4.88%</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>5.55%</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p02</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET INCOME TO STOCKHOLDERS&#146; EQUITY (**)</FONT></TD>
    <TD align=center>
      <div align="center"><FONT size=2>(2.03)%</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>1.54%</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p03</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET INCOME TO TOTAL ASSETS (**)</FONT></TD>
    <TD align=center>
      <div align="center"><FONT size=2>(1.55)%</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>1.12%</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p04</FONT></div>
    </TD>
    <TD align=left><FONT size=2>CASH DIVIDENDS TO PREVIOUS YEAR NET INCOME</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>0.00%</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>0.00%</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p05</FONT></div>
    </TD>
    <TD align=left><FONT size=2>INCOME DUE TO MONETARY POSITION TO NET INCOME</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>0.00%</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>0.00%</FONT></div>
    </TD>
  </TR>

  <TR>

    <TD>
      <div align="center">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left><B><FONT size=2>ACTIVITY</FONT></B></TD>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p06</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET SALES TO NET ASSETS (**)</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>0.88 times</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>0.71 times</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p07</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET SALES TO FIXED ASSETS (**)</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>2.52 times</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>2.20 times</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p08</FONT></div>
    </TD>
    <TD align=left><FONT size=2>INVENTORIES TURNOVER (**)</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>2.68 times</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>1.39 times</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p09</FONT></div>
    </TD>
    <TD align=left><FONT size=2>ACCOUNTS RECEIVABLE IN DAYS OF SALES</FONT></TD>
    <TD align=center>
      <div align="center"><FONT size=2>40 days</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>41 days</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p10</FONT></div>
    </TD>
    <TD align=left><FONT size=2>PAID INTEREST TO TOTAL LIABILITIES WITH COST (**)</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>2.18%</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>7.00%</FONT></div>
    </TD>
  </TR>

  <TR>

    <TD>
      <div align="center">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left><B><FONT size=2>LEVERAGE</FONT></B></TD>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p11</FONT></div>
    </TD>
    <TD align=left><FONT size=2>TOTAL LIABILITIES TO TOTAL ASSETS</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>23.46%</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>27.64%</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p12</FONT></div>
    </TD>
    <TD align=left><FONT size=2>TOTAL LIABILITIES TO STOCKHOLDERS&#146; EQUITY</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>0.31 times</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>0.38 times</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p13</FONT></div>
    </TD>
    <TD align=left><FONT size=2>FOREIGN CURRENCY LIABILITIES TO TOTAL LIABILITIES</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>40.34%</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>23.52%</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p14</FONT></div>
    </TD>
    <TD align=left><FONT size=2>LONG-TERM LIABILITIES TO FIXED ASSETS</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>0.00%</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>0.00%</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p15</FONT></div>
    </TD>
    <TD align=left><FONT size=2>OPERATING INCOME TO INTEREST PAID</FONT></TD>
    <TD align=center>
      <div align="center"><FONT size=2>105.66 times</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>22.02 times</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p16</FONT></div>
    </TD>
    <TD align=left><FONT size=2>NET SALES TO TOTAL LIABILITIES (**)</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>3.74 times</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>2.59 times</FONT></div>
    </TD>
  </TR>

  <TR>

    <TD>
      <div align="center">&nbsp;</div>
    </TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left><B><FONT size=2>LIQUIDITY</FONT></B></TD>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p17</FONT></div>
    </TD>
    <TD align=left><FONT size=2>CURRENT ASSETS TO CURRENT LIABILITIES</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>3.73 times</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>3.22 times</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p18</FONT></div>
    </TD>
    <TD align=left><FONT size=2>CURRENT ASSETS LESS INVENTORY TO CURRENT LIABILITIES</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>2.05 times</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>1.21 times</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p19</FONT></div>
    </TD>
    <TD align=left><FONT size=2>CURRENT ASSETS TO TOTAL LIABILITIES</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>2.10 times</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>1.59 times</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>p20</FONT></div>
    </TD>
    <TD align=left><FONT size=2>AVAILABLE ASSETS TO CURRENT LIABILITIES</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>91.25%</FONT></div>
    </TD>
    <TD align=center>
      <div align="center"><FONT size=2>41.04%</FONT></div>
    </TD>
  </TR>
</TABLE>
<BR>
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<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 width="100%" border=0>

  <TR vAlign=bottom>

    <TD align=left width="98%" colSpan=4>
      <div align="center"><B><FONT size=2>MEXICAN STOCK EXCHANGE</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="98%" colspan="4">
      <div align="center"><B><FONT size=2>SIFIC / ICS</FONT></B></div>
    </TD>
  </TR>

  <TR>

    <TD width="98%" colSpan=4>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="39%"><FONT size=2>STOCK EXCHANGE CODE</FONT><B><FONT size=2>: SIMEC</FONT></B></TD>
    <TD align=right width="59%" colspan="3"><FONT size=2>QUARTER: </FONT><FONT size=2>3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT size=2>YEAR: </FONT><B><FONT size=2> 2010</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="39%"><FONT size=2>GRUPO SIMEC, S.A.B. DE C.V.</FONT></TD>
    <TD align=left width="36%">&nbsp;</TD>
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="20%">&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="98%" colspan="4">
      <div align="center"><B><FONT size=2>DIRECTOR REPORT</FONT></B></div>
    </TD>
  </TR>

  <TR>

    <TD width="98%" colSpan=4>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="39%">&nbsp;</TD>
    <TD align=left width="36%">&nbsp;</TD>
    <TD align=left width="3%">&nbsp;</TD>
    <TD align=left width="20%">
      <div align="right"><FONT size=2>CONSOLIDATED</FONT></div>
    </TD>
  </TR>
</TABLE>

<P style="TEXT-ALIGN: left">Nine-Month Period Ended September 30, 2010 compared to September-Month Period Ended September 30, 2009</P>
<P style="TEXT-ALIGN: left">Net Sales</P>
<P style="TEXT-ALIGN: left">Net sales increased 33% to Ps. 18,942 million in the
nine-month period ended September 30, 2010 compared to Ps. 14,277 million in the
same period of 2009.  Shipments of finished steel products increase 13% to 1 719
thousand  tons in the  nine-month  period ended  September  30, 2010 compared to
1,528 thousand tons in the same period of 2009. Total sales outside of Mexico in
the  nine-month  period ended  September  30, 2010  increase  75% to Ps.  10,683
million, compared with Ps. 6,108 million in the same period of 2009, while total
sales in Mexico  increased 1% from Ps. 8,169  million in the  nine-month  period
ended  September 30, 2009 to Ps. 8,259  millions in the same period of 2010. The
increase in sales is due to an increase  shipments during the nine-month  period
ended September 30, 2010, compared to the same period in 2009 (191 thousand tons
increase).  The average price of steel products  increased 18% in the nine-month
period ended September 30, 2010 compared with the same period of 2009.</P>
<P style="TEXT-ALIGN: left">Direct Cost of Sales</P>
<P style="TEXT-ALIGN: left">Direct cost of sales increased 40% from Ps. 11,610 million in the nine-month period ended September 30, 2009 to Ps. 16,283 million in the same period of 2010. Direct cost of sales as a percentage of net sales represented 86% in the nine-month period ended September 30, 2010 compared to 81% in the same period of 2009. The average cost of raw materials used to produce steel products increased 25% in the nine-month period ended September 30, 2010 versus the same period of 2009, primarily as a result of increases in the price of scrap and certain other raw materials, and an increase in sales in The United States of America.</P>
<P style="TEXT-ALIGN: left">Marginal Profit</P>
<P style="TEXT-ALIGN: left">Marginal profit in the nine-month period ended September 30, 2010 was Ps. 2, 659 million compared to Ps. 2,667 million in the same period of 2009. Marginal profit as a percentage of net sales in the nine-month period ended September 30, 2010 was 14% compared to 19% in the same period of 2009. The decline in marginal profit is due to an increase in scrap and other raw materials during the nine- month period ended September 30, 2010 compared with the same period of 2009.</P>
<P style="TEXT-ALIGN: left">Operating Expenses</P>
<P style="TEXT-ALIGN: left">Operating expenses decreased 6% to Ps. 1,559 million in the nine-month period ended September 30, 2010 compared to Ps. 1,665 million in the same period of 2009, and represented 8% of net sales in the nine-month period ended September 30, 2010 and 12% of net sales in the same period of 2009.</P>
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<P style="TEXT-ALIGN: left">Operating Income</P>
<P style="TEXT-ALIGN: left">Operating income increased 10% to Ps. 1,100 million for the nine-month period ended September 30, 2010 compared to Ps. 1,002 million in the same period of 2009. Operating income as a percentage of net sales was 6% in the nine-month period ended September 30, 2010 compared to 7% in the same period of 2009. The increase in operating income is due to an increase in shipments of 13% during the nine-month period ended September 30, 2010 compared with the same period of 2009.</P>
<P style="TEXT-ALIGN: left">EBITDA</P>
<P style="TEXT-ALIGN: left">The EBITDA in the nine month period ended September 30, 2010, increased 4% from Ps.1,814 million in 2009, to Ps 1,880 million in 2010. This is due to an increase in shipments of steel products during 2010.</P>
<P style="TEXT-ALIGN: left">Comprehensive Financial Cost</P>
<P style="TEXT-ALIGN: left">Comprehensive financial cost in the nine-month period ended September 30 2010 represented an expense of Ps. 88 million compared with an expense of Ps. 49 million in the same period of 2009. Net interest expenses were Ps. 2 million in the nine-month period ended September 30, 2010 compared with a net interest expenses of Ps. 24 million in the same period of 2009. At the same time, we registered an exchange loss of Ps. 86 million in the nine-month period ended September 30, 2010 compared with an exchange loss of Ps. 25 million in the same period of 2009, reflecting a 4% increase in the value of the peso versus the dollar in the nine-month period ended September 30, 2010.</P>
<P style="TEXT-ALIGN: left">Other Expenses (Income) net</P>
<P style="TEXT-ALIGN: left">The company recorded other net expenses of Ps. 42 million in the nine-month period ended September 30, 2010 compared to other income net of Ps. 7 million in the same period of 2009.</P>
<P style="TEXT-ALIGN: left">Income Taxes</P>
<P style="TEXT-ALIGN: left">Income Taxes recorded a provision of Ps. 45 million in the nine-month period ended September 30, 2010 (including the income of deferred income tax of Ps. 19 million) compared to Ps. 168 million in the same period of 2009 (including the provision of Ps. 15 million of deferred income taxes).</P>
<P style="TEXT-ALIGN: left">Net Income</P>
<P style="TEXT-ALIGN: left">As a result of the foregoing, net income decreased by 9% to Ps. 1,069 million in the nine-month period ended September 30, 2010 from Ps. 1,169 million in the same period of 2009.</P>
<P style="TEXT-ALIGN: left">Liquidity and Capital Resources</P>
<P style="TEXT-ALIGN: left">As of September 30, 2010, Simec's total consolidated
  debt consisted of U.S. $ 302,000 of 8 7/8% medium-term notes ("MTN's") due 1998
  (accrued interest on September 30, 2010 was U.S. $438,819). As of December 31,
  2009, Simec's total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term
  notes (" MTN's") due 1998 (accrued interest on December 31, 2009 was U.S. $418,176).</P>
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<P style="TEXT-ALIGN: left">Comparative third quarter 2010 vs second quarter 2010</P>
<p style="TEXT-ALIGN: left">Net Sales</p>
<P style="TEXT-ALIGN: left">Net sales decreased 3% from Ps. 6,367 million in the
  second quarter of 2010 to Ps. 6,182 million for the third quarter of 2010. Sales
  in tons are similar in both quarters, finished steel in third quarter was 556
  thousand tons compared with 558 thousand tons in the second quarter of 2010.
  The total sales outside of Mexico for the third quarter of 2010 decreased 5%
  to Ps. 3,553 million compared with Ps. 3,749 million in the second quarter of
  2010. Total sales in Mexico are similar to 2,629 million in the third quarter
  of 2010 compared Ps. 2,618 million in the second quarter of 2010. Prices of
  finished products sold in the third quarter of 2010 decreased approximately
  3% compared to the second quarter of 2010.</P>
<P style="TEXT-ALIGN: left">Direct Cost of Sales</P>
<P style="TEXT-ALIGN: left">Direct cost of sales was Ps. 5,503 million in the second quarter of 2010 to Ps. 5,511 million for the third quarter of 2010. With respect to sales, in the third quarter of 2010, the direct cost of sales represents 89% compared to 86% for the second quarter of 2010. The average cost of raw materials used to produce steel products increased 1% in the third quarter of 2010 versus the second quarter of 2010, primarily as a result of increases in the price of scrap and certain other raw materials and increase in sales in the United States of America.</P>
<P style="TEXT-ALIGN: left">Marginal Profit</P>
<P style="TEXT-ALIGN: left">Marginal profit for the third quarter of 2010 decreased 22% to Ps. 671 million compared to Ps. 864 million in the second quarter of 2010. The marginal profit as a percentage of net sales for the third quarter of 2010 was 11% compared with 14% for the second quarter of 2010. The decline in marginal profit is due to the increase in the cost of raw materials used to produce steel products in the third quarter of 2010 versus the second quarter of 2010.</P>
<P style="TEXT-ALIGN: left">Operating Expenses</P>
<P style="TEXT-ALIGN: left">Operating expenses increased 11% to Ps. 551 million in the third quarter of 2010 compared to Ps. 496 million for the second quarter of 2010. Operating expenses as a percentage of net sales represented 9% during the third quarter of 2010 and 8% during the second quarter of 2010.</P>
<P style="TEXT-ALIGN: left">Operating Income</P>
<P style="TEXT-ALIGN: left">Operating income decreased 67% from an operating income of Ps. 368 million in the second quarter of 2010 to Ps. 120 million of operating income for the third quarter of 2010. The operating income as a percentage of net sales in the third quarter of 2010 was 2% compared to 6% in the second quarter of 2010. The decrease in operating income is due to the increase in the cost of raw materials used to produce steel products in the third quarter of 2010 versus the second quarter of 2010 and more sales in the United States of America.</P>
<P style="TEXT-ALIGN: left">EBITDA</P>
<P style="TEXT-ALIGN: left">The EBITDA in the third quarter of 2010 decreased
  39% from Ps. 629 million in the second quarter of 2010 to Ps. 381 million in
  the third quarter of 2010. The decrease in the EBITDA is due to the above explanation.</P>
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<P style="TEXT-ALIGN: left">Comprehensive Financial Income (Cost)</P>
<P style="TEXT-ALIGN: left">Comprehensive financial for the third quarter for
  2010 was an expense of Ps. 50 million compared with an expense of Ps. 14 million
  for the second quarter of 2010 net interest expense in the third quarter was
  of Ps 5 million, while in the second quarter the interest was zero. At the same
  time we registered an exchange loss of Ps. 45 million in the third quarter of
  2010 compared with an exchange loss of Ps. 14 million in the second quarter
  of 2010.</P>
<P style="TEXT-ALIGN: left">Other Expenses (Income) net</P>
<P style="TEXT-ALIGN: left">The company recorded other net expenses of Ps. 6 million in the third quarter of 2010 compared to other net expenses of Ps. 46 million for the second quarter of 2010.</P>
<P style="TEXT-ALIGN: left">Income Taxes</P>
<P style="TEXT-ALIGN: left">Income Taxes for the third quarter of 2010 was an expense of Ps. 58 million ( including an expense tax deferred for Ps. 27 million) compared to Ps. 34 million of income for the second quarter of 2010, (including an income tax deferred income of Ps. 44 million).</P>
<P style="TEXT-ALIGN: left">Net Income</P>
<P style="TEXT-ALIGN: left">As a result of the foregoing, net income was Ps. 106 million in the third quarter of 2010 compared to Ps. 393 million of net income in the second quarter of 2010.</P>
<P style="TEXT-ALIGN: left">Comparative third quarter 2010 vs third quarter 2009</P>
<P style="TEXT-ALIGN: left">Net Sales</P>
<P style="TEXT-ALIGN: left">Net sales increased 23% from Ps. 5,035 million for the third quarter of 2009 to Ps. 6,182 million for the third quarter of 2010. Sales in tons of finished steel in the third quarter of 2010 were 556 thousand tons versus to 551 thousand tons in the third quarter of 2009. The total sales outside of Mexico for the third quarter of 2010 increased 51% to Ps. 3,553 million compared with Ps. 2,348 million for the third quarter of 2009. Total sales in Mexico were Ps. 2,629 million in the third quarter of 2010 to Ps. 2,687 million in the third quarter of 2009. Prices of finished products sold in the third quarter of 2010 increased approximately 22% compared to the third quarter of 2009.</P>
<P style="TEXT-ALIGN: left">Direct Cost of Sales</P>
<P style="TEXT-ALIGN: left">Direct cost of sales increased 30% from Ps. 4,243 million in the third quarter of 2009 to Ps. 5,511 million for the third quarter of 2010. With respect to sales, in the third quarter of 2010, the direct cost of sales represents 89% compared to 84% for the third quarter of 2009. The average cost of raw materials used to produce steel products increased 29% in the third quarter of 2010 versus the third quarter of 2009, primarily as a result of increases in the price of scrap and certain other raw materials.</P>
<P style="TEXT-ALIGN: left">Marginal Profit</P>
<P style="TEXT-ALIGN: left">Marginal profit for the third quarter of 2010 decreased
  15% to Ps. 671 million compared to Ps. 792 million in the third quarter of 2009.
  The marginal profit as a percentage of net sales for the third quarter of 2010
  was 11% compared with 16% for the third quarter of 2009. The decline in marginal
  profit is due to increase of scrap and raw materials.</P>
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<P style="TEXT-ALIGN: left">Operating Expenses</P>
<P style="TEXT-ALIGN: left">Operating expenses increased 3% to Ps. 551 million
  in the third quarter of 2010 compared to Ps. 537 million for the third quarter
  of 2009. Operating expenses as a percentage of net sales represented 9% during
  the third quarter of 2010 and 11% during the third quarter of 2009.</P>
<P style="TEXT-ALIGN: left">Operating Income</P>
<P style="TEXT-ALIGN: left">Operating income decreased 53% from an operating income of Ps. 255 million in the third quarter of 2009 to Ps. 120 million in the third quarter of 2010. The operating income as a percentage of net sales in the third quarter of 2010 was 2% compared to 5% in the third quarter of 2009. The decrease in operating income is due to increases in scrap and other raw materials price.</P>
<P style="TEXT-ALIGN: left">EBITDA</P>
<P style="TEXT-ALIGN: left">The EBITDA from the third quarter of 2010 decreased 27% from Ps 522 million in the third quarter of 2009 to Ps 381 million in the third quarter of 2010.</P>
<P style="TEXT-ALIGN: left">Comprehensive Financial Income (Cost)</P>
<P style="TEXT-ALIGN: left">Comprehensive financial cost for the third quarter of 2010 was an expense of Ps. 50 million compared with an income of Ps 11 million in the third quarter of 2009. Net interest expense was Ps. 5 million in the third quarter of 2010 compared with Ps. 13 million of net interest expense in the third quarter of 2009. At the same time we registered an exchange loss of Ps. 45 million in the third quarter of 2010 compared with an exchange gain of Ps. 24 million in the third quarter of 2009.</P>
<P style="TEXT-ALIGN: left">Other Expenses (Income) net</P>
<P style="TEXT-ALIGN: left">The company recorded other net expenses of Ps. 6 million in the third quarter of 2010 compared with other income net of Ps. 7 million for the third quarter of 2009.</P>
<P style="TEXT-ALIGN: left">Income Taxes</P>
<P style="TEXT-ALIGN: left">Income Taxes for the third quarter of 2010 was an expense of Ps. 58 million ( including a provision of deferred income tax of Ps 27 million), compared to Ps. 7 million of income for the third quarter of 2009, (including a provision of deferred income tax of Ps. 15 million).</P>
<P style="TEXT-ALIGN: left">Net Income</P>
<P style="TEXT-ALIGN: left">As a result of the foregoing, net income was Ps. 106 million in the third quarter of 2010 compared to Ps. 348 million of net income in the third quarter of 2009.</P>
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<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0 width="100%">




  <TR vAlign=bottom>

    <TD align=center width="65%">
      <div align="left"><FONT size=2>Millions of pesos</FONT></div>
    </TD>
    <TD align=center colspan="2"><FONT size=2>Nine months ended</FONT><BR>

<FONT size=2>September 30, 2010</FONT></TD>
    <TD align=center colspan="2"><FONT size=2>Nine months ended</FONT><BR>

<FONT size=2>September 30, 2009</FONT></TD>
    <TD align=center width="6%"><FONT size=2>2010</FONT><BR>

<FONT size=2>vs.</FONT><BR>

<FONT size=2>2009</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="65%"><FONT size=2>Sales</FONT></TD>
    <TD align=right width="10%"><FONT size=2>18,942</FONT></TD>
    <TD align=right width="4%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>14,277</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="6%"><FONT size=2>33%</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="65%"><FONT size=2>Cost of Sales</FONT></TD>
    <TD align=right width="10%"><FONT size=2>16,283</FONT></TD>
    <TD align=right width="4%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>11,610</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="6%"><FONT size=2>40%</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="65%"><FONT size=2>Marginal Profit</FONT></TD>
    <TD align=right width="10%"><FONT size=2>2,659</FONT></TD>
    <TD align=right width="4%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>2,667</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="6%"><FONT size=2>0%</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="65%"><FONT size=2>Operating Expenses</FONT></TD>
    <TD align=right width="10%"><FONT size=2>1,559</FONT></TD>
    <TD align=right width="4%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>1,665</FONT></TD>
    <TD align=left width="5%">&nbsp;</TD>
    <TD align=left width="6%">
      <div align="right"><FONT size=2>(6%)</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="65%"><FONT size=2>Operating Income</FONT></TD>
    <TD align=right width="10%"><FONT size=2>1,100</FONT></TD>
    <TD align=right width="4%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>1,002</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="6%"><FONT size=2>10%</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="65%"><FONT size=2>EBITDA</FONT></TD>
    <TD align=right width="10%"><FONT size=2>1,880</FONT></TD>
    <TD align=right width="4%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>1,814</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="6%"><FONT size=2>4%</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="65%"><FONT size=2>Net Profit</FONT></TD>
    <TD align=right width="10%"><FONT size=2>925</FONT></TD>
    <TD align=right width="4%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>793</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="6%"><FONT size=2>17%</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="65%"><FONT size=2>Sales outside Mexico</FONT></TD>
    <TD align=right width="10%"><FONT size=2>10,683</FONT></TD>
    <TD align=right width="4%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>6,108</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="6%"><FONT size=2>75%</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="65%"><FONT size=2>Sales in Mexico</FONT></TD>
    <TD align=right width="10%"><FONT size=2>8,259</FONT></TD>
    <TD align=right width="4%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>8,169</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="6%"><FONT size=2>1%</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="65%"><FONT size=2>Total sales (tons)</FONT></TD>
    <TD align=right width="10%"><FONT size=2>1,719</FONT></TD>
    <TD align=right width="4%">&nbsp;</TD>
    <TD align=right width="10%"><FONT size=2>1,528</FONT></TD>
    <TD align=right width="5%">&nbsp;</TD>
    <TD align=right width="6%"><FONT size=2>13%</FONT></TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0 width="100%">


  <TR vAlign=bottom>

    <TD align=center>
      <div align="left"><FONT size=2>(Millions of pesos)</FONT></div>
    </TD>
    <TD align=center colspan="2" width="10%"><FONT size=2>3Q '10</FONT></TD>
    <TD align=center colspan="2" width="10%"><FONT size=2>2Q '10</FONT></TD>
    <TD align=center colspan="2" width="10%"><FONT size=2>3Q '09</FONT></TD>
    <TD align=center colspan="2" width="10%"><FONT size=2>3Q'10 vs</FONT><BR>

<FONT size=2>2Q'10</FONT>&nbsp;</TD>
    <TD align=center colspan="2" width="10%"><FONT size=2>3Q'10 vs</FONT><BR>

<FONT size=2>3Q'09</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Sales</FONT></TD>
    <TD align=right><FONT size=2>6,182</FONT></TD>
    <TD align=right>&nbsp;&nbsp;</TD>
    <TD align=right><FONT size=2>6,367</FONT></TD>
    <TD align=right>&nbsp;&nbsp;</TD>
    <TD align=right><FONT size=2>5,035</FONT></TD>
    <TD align=right>&nbsp;&nbsp;&nbsp;</TD>
    <TD align=right><FONT size=2>(3%)</FONT></TD>
    <TD align=right>&nbsp;&nbsp;</TD>
    <TD align=right><FONT size=2>23%</FONT></TD>
    <TD align=right>&nbsp;&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Cost of Sales</FONT></TD>
    <TD align=right><FONT size=2>5,511</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>5,503</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>4,243</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>0%</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>30%</FONT></TD>
    <TD align=right>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Marginal Profit</FONT></TD>
    <TD align=right><FONT size=2>671</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>864</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>792</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>(22%)</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>(15%)</FONT></TD>
    <TD align=right>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Operating Expenses</FONT></TD>
    <TD align=right><FONT size=2>551</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>496</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>537</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>11%</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>3%</FONT></TD>
    <TD align=right>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Operating Income</FONT></TD>
    <TD align=right><FONT size=2>120</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>368</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>255</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>(67%)</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>(53%)</FONT></TD>
    <TD align=right>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>EBITDA</FONT></TD>
    <TD align=right><FONT size=2>381</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>629</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>522</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>(39%)</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>(27%)</FONT></TD>
    <TD align=right>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Net Profit</FONT></TD>
    <TD align=right><FONT size=2>6</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>342</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>267</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>(98%)</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>(98%)</FONT></TD>
    <TD align=right>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Sales outside Mexico</FONT></TD>
    <TD align=right><FONT size=2>3,553</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>3,749</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>2,348</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>(5%)</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>51%</FONT></TD>
    <TD align=right>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Sales in Mexico</FONT></TD>
    <TD align=right><FONT size=2>2,629</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>2,618</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>2,687</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>0%</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>(2%)</FONT></TD>
    <TD align=right>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Total sales (tons)</FONT></TD>
    <TD align=right><FONT size=2>556</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>558</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>551</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>0%</FONT></TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right><FONT size=2>1%</FONT></TD>
    <TD align=right>&nbsp;</TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0 width="100%">










  <TR vAlign=bottom>

    <TD align=center>&nbsp;</TD>
    <TD align=center colspan="2" width="13%"><FONT size=2>Thousands</FONT><BR>

<FONT size=2>of tons</FONT><BR>

<FONT size=2>nine</FONT><BR>

<FONT size=2>months</FONT><BR>

<FONT size=2>ended</FONT><BR>

<FONT size=2>September</FONT></TD>
    <TD align=center colspan="2" width="13%"><FONT size=2>Million</FONT><BR>

<FONT size=2>of pesos</FONT><BR>

<FONT size=2>nine</FONT><BR>

<FONT size=2>months</FONT><BR>

<FONT size=2>ended</FONT><BR>

<FONT size=2>September</FONT></TD>
    <TD align=center colspan="2" width="13%"><FONT size=2>Average</FONT><BR>

<FONT size=2>price per</FONT><BR>

<FONT size=2>ton nine</FONT><BR>

<FONT size=2>months</FONT><BR>

<FONT size=2>ended</FONT><BR>

<FONT size=2>September</FONT></TD>
    <TD align=center colspan="2" width="13%"><FONT size=2>Thousands</FONT><BR>

<FONT size=2>of tons</FONT><BR>

<FONT size=2>nine</FONT><BR>

<FONT size=2>months</FONT><BR>

<FONT size=2>ended</FONT><BR>

<FONT size=2>September</FONT></TD>
    <TD align=center colspan="2" width="13%"><FONT size=2>Million of</FONT><BR>

<FONT size=2>pesos nine</FONT><BR>

<FONT size=2>months</FONT><BR>

<FONT size=2>ended</FONT><BR>

<FONT size=2>September</FONT></TD>
    <TD align=center colspan="2" width="13%"><FONT size=2>Average</FONT><BR>

<FONT size=2>price per</FONT><BR>

<FONT size=2>ton nine</FONT><BR>

<FONT size=2>months</FONT><BR>

<FONT size=2>ended</FONT><BR>

<FONT size=2>September</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Product</FONT></TD>
    <TD align=left>
      <div align="right"><FONT size=2>30, 2010</FONT></div>
    </TD>
    <TD align=left>&nbsp;&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>30, 2010</FONT></div>
    </TD>
    <TD align=left>&nbsp;&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>30, 2010</FONT></div>
    </TD>
    <TD align=left>&nbsp;&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>30,2009</FONT></div>
    </TD>
    <TD align=left>&nbsp;&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>30, 2009</FONT></div>
    </TD>
    <TD align=left>&nbsp;&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>30, 2009</FONT></div>
    </TD>
    <TD align=left>&nbsp;&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>SBQ</FONT></TD>
    <TD align=right>
      <div align="right"><FONT size=2>926</FONT></div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>12,006</FONT></div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>12,965</FONT></div>
    </TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>
      <div align="right"><FONT size=2>739</FONT></div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>8,003</FONT></div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>10,829</FONT></div>
    </TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Light</FONT></TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>&nbsp;&nbsp;&nbsp;Structural</FONT></TD>
    <TD align=right>
      <div align="right"><FONT size=2>793</FONT></div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>6,936</FONT></div>
    </TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>
      <div align="right"><FONT size=2>8,747</FONT></div>
    </TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>
      <div align="right"><FONT size=2>789</FONT></div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>6,274</FONT></div>
    </TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>
      <div align="right"><FONT size=2>7,952</FONT></div>
    </TD>
    <TD align=center>&nbsp;</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>
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<TR vAlign=bottom>
     <TD align=center width="97%" colSpan=4><B><FONT size=2>MEXICAN STOCK EXCHANGE</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=center width="97%" colSpan=4><B><FONT size=2>SIFIC / ICS</FONT></B></TD></TR>
<TR>
     <TD width="97%" colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left width="39%"><FONT size=2>STOCK EXCHANGE CODE</FONT><B><FONT size=2>: SIMEC</FONT></B></TD>
     <TD align=right width="32%"><FONT size=2>QUARTER:</FONT></TD>
     <TD align=left width="3%"><FONT size=2>3</FONT></TD>
     <TD align=left width="23%"><FONT size=2>YEAR: </FONT><B><FONT size=2>2010</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=left width="39%"><FONT size=2>GRUPO SIMEC, S.A.B. DE C.V.</FONT></TD>
     <TD align=left width="32%">&nbsp;</TD>
     <TD align=left width="3%">&nbsp;</TD>
     <TD align=left width="23%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center width="97%" colSpan=4><B><FONT size=2>FINANCIAL STATEMENT NOTES</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=left width="39%">&nbsp;</TD>
     <TD align=left width="32%">&nbsp;</TD>
     <TD align=left width="3%">&nbsp;</TD>
     <TD align=left width="23%"><FONT size=2>CONSOLIDATED</FONT></TD></TR></TABLE>

<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 </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&#243;n y Desarrollo de Normas de
  Informaci&#243;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 - </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 - </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>-- 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 - </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 September 30, 2010 are as follows:</P>
<div align="center">
  <TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0 width="60%">

    <TR vAlign=bottom>

      <TD align=left>&nbsp;</TD>
      <TD align=right>
        <div align="center"><U><FONT size=2>Years</FONT></U></div>
      </TD>
    </TR>

    <TR vAlign=bottom>

      <TD align=left><FONT size=2>Buildings</FONT></TD>
      <TD align=right>
        <div align="center"><FONT size=2>15 to 50</FONT></div>
      </TD>
    </TR>

    <TR vAlign=bottom>

      <TD align=left><FONT size=2>Machinery and equipment</FONT></TD>
      <TD align=center>
        <div align="center"><FONT size=2>10 to 40</FONT></div>
      </TD>
    </TR>

    <TR vAlign=bottom>

      <TD align=left><FONT size=2>Buildings and improvements (Repu</FONT><FONT size=2>blic)</FONT></TD>
      <TD align=right>
        <div align="center"><FONT size=2>10 to 25</FONT></div>
      </TD>
    </TR>

    <TR vAlign=bottom>

      <TD align=left><FONT size=2>Land improvements (Republic)</FONT></TD>
      <TD align=right>
        <div align="center"><FONT size=2>5 to 25</FONT></div>
      </TD>
    </TR>

    <TR vAlign=bottom>

      <TD align=left><FONT size=2>Machinery and equipment (Republic)</FONT></TD>
      <TD align=right>
        <div align="center"><FONT size=2>5 to 20</FONT></div>
      </TD>
    </TR>
  </TABLE>
  <BR>

</div>
<P style="TEXT-ALIGN: left"><B>g. Other assets - </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 </B><B>&#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 - </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 - </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's parent.</P>
<P style="TEXT-ALIGN: left"><B>k. Foreign currency transactions and exchange differences </B><B>&#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">- Applying the prevailing exchange rate at the consolidated balance date for monetary assets and liabilities.<BR>

- - Applying the prevailing historical exchange rate for nonmonetary assets and liabilities and for stockholders&#146;
equity accounts.<BR>

- - Applying the prevailing the historical exchange rate at the consolidated balance sheet date for revenues and
expenses during the reporting period<BR>

- - 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 - </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's sales, and there were no significant accounts receivable from a single customer or affiliate at September 30, 2010 sales of ten customers accounted for approximately 25% of the</P>
<P style="TEXT-ALIGN: left">Republic&#146;s sales. The Company performs evaluations of its customers' 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) - </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:<br>
  </B>As of September 30, 2010,
  Simec&#146;s total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term
  notes (&#147;MTN's&#148;) due 1998, or Ps. 3.8 million (accrued interest on
  September 30, 2010 was U.S. $438,819, or Ps. 5.5 million). As of December 31,
  2009, Simec&#146;s total consolidated debt consisted of U.S. $302,000 of 8 7/8%
  medium-term notes (&#147;MTN's&#148;) due 1998 (accrued interest on December
  31, 2009 was U.S. $418,176).</P>
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<P style="TEXT-ALIGN: left"><B>(3) Commitments and contingent liabilities: </B>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. 5,303 (U.S. $424,207) at September 30, 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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<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="99%" colspan=4><b><font size=2>MEXICAN STOCK EXCHANGE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="99%" colspan=4><b><font size=2>SIFIC / ICS</font></b></td>
  </tr>

  <tr>

    <td width="99%" colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="38%"><font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b></td>
    <td align=left width="32%">&nbsp;</td>
    <td align=left width="29%" colspan=2>
      <div align="right"><font size=2>QUARTER: </font><font size=2>3 </font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;YEAR:</font><b><font size=2>2010</font></b></div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=left width="38%"><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></td>
    <td align=left width="32%">&nbsp;</td>
    <td align=left width="12%">&nbsp;</td>
    <td align=left width="17%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="99%" colspan=4><b><font size=2>RELATIONS OF SHARES INVESTMENTS</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="38%">&nbsp;</td>
    <td align=left width="32%">&nbsp;</td>
    <td align=left width="12%">&nbsp;</td>
    <td align=right width="17%"><font size=2>CONSOLIDATED</font></td>
  </tr>
</table>
<br>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">

  <TR vAlign=bottom>

    <TD align=left rowspan="2">
      <div align="center"><FONT size=2>COMPANY NAME</FONT></div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><FONT size=2>MAIN ACTIVITIES</FONT></div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><FONT size=2>NUMBER OF</FONT></div>
      <div align="center"><FONT size=2>SHARES</FONT></div>
    </TD>
    <TD align=right rowspan="2">
      <div align="center"><FONT size=2>OWNERSHIP</FONT></div>
      <div align="center">&nbsp;</div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>SUBSIDIARIES</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Cia Siderurgica de Guadalajara</FONT></TD>
    <TD align=center><FONT size=2>Production and sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>99.99</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Simec International</FONT></TD>
    <TD align=center><FONT size=2>Production and sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>99.99</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Arrendadora Simec</FONT></TD>
    <TD align=center><FONT size=2>Production and sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Undershaft</FONT></TD>
    <TD align=center><FONT size=2>Sub-Holding</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Pacific Steel</FONT></TD>
    <TD align=center><FONT size=2>Scrap purchase</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Cia. Sider&#250;rgica del Pac&#237;fico</FONT></TD>
    <TD align=center><FONT size=2>Rent of land</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>99.99</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Coordinadora de Servicios Sider&#250;rgicos de Calidad</FONT></TD>
    <TD align=center><FONT size=2>Administrative services</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Comercializadora Simec</FONT></TD>
    <TD align=center><FONT size=2>Sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>99.99</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Industrias del Acero y del Alambre</FONT></TD>
    <TD align=center><FONT size=2>Sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>99.99</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Procesadora Mexicali</FONT></TD>
    <TD align=center><FONT size=2>Scrap purchase</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>99.99</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Servicios Simec</FONT></TD>
    <TD align=center><FONT size=2>Administrative services</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Sistemas de Transporte de Baja California</FONT></TD>
    <TD align=center><FONT size=2>Freight services</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Operadora de Metales</FONT></TD>
    <TD align=center><FONT size=2>Administrative services</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Operadora de Servicios Sider&#250;rgicos de Tlaxcala</FONT></TD>
    <TD align=center><FONT size=2>Administrative services</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Administradora de Servicios Sider&#250;rgicos de Tlaxcala</FONT></TD>
    <TD align=center><FONT size=2>Administrative services</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Operadora de Servicios de la Industria Sider&#250;rgica</FONT></TD>
    <TD align=center><FONT size=2>Administrative services</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>SimRep</FONT></TD>
    <TD align=center><FONT size=2>Sub-Holding</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>50.22</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Republic Engineered Products</FONT></TD>
    <TD align=center><FONT size=2>Production and sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>50.22</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>CSG Comercial</FONT></TD>
    <TD align=center><FONT size=2>Sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>99.95</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Comercializadora de Productos de Aceros de Tlaxcala</FONT></TD>
    <TD align=center><FONT size=2>Sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>99.95</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Sider&#250;rgica de Baja California</FONT></TD>
    <TD align=center><FONT size=2>Sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>99.95</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Corporaci&#243;n Aceros DM</FONT></TD>
    <TD align=center><FONT size=2>Sub-Holding</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>99.99</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Productos Siderurgicos de Tlaxcala</FONT></TD>
    <TD align=center><FONT size=2>Sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Comercializadora MSAN</FONT></TD>
    <TD align=center><FONT size=2>Sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Comercializadora Aceros DM</FONT></TD>
    <TD align=center><FONT size=2>Sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Promotora de Aceros San Luis</FONT></TD>
    <TD align=center><FONT size=2>Sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Arrendadora Norte de Matamoros</FONT></TD>
    <TD align=center><FONT size=2>Land</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>85.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Procesadora Industrial</FONT></TD>
    <TD align=center><FONT size=2>Administrative services</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>99.99</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Acero Transporte San</FONT></TD>
    <TD align=center><FONT size=2>Freight services</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Simec International 2</FONT></TD>
    <TD align=center><FONT size=2>Production and sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>99.99</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Simec International 3</FONT></TD>
    <TD align=center><FONT size=2>Production and sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>99.99</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Simec International 4</FONT></TD>
    <TD align=center><FONT size=2>Production and sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>99.99</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Simec International 5</FONT></TD>
    <TD align=center><FONT size=2>Production and sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>99.99</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Simec International 6</FONT></TD>
    <TD align=center><FONT size=2>Production and sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>99.99</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Simec Acero</FONT></TD>
    <TD align=center><FONT size=2>Sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Simec USA</FONT></TD>
    <TD align=center><FONT size=2>Sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Simec Steel</FONT></TD>
    <TD align=center><FONT size=2>Sales of steel products</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Pacific Projects</FONT></TD>
    <TD align=center><FONT size=2>Administrative services</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>100.00</FONT></TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left><B><FONT size=2>TOTAL INVESTMENT IN SUBSIDIARIES</FONT></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><FONT size=2>ASSOCIATEDS</FONT></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><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B><FONT size=2>TOTAL INVESTMENT IN ASSOCIATEDS</FONT></B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B><FONT size=2>OTHER PERMANENT INVESTMENTS</FONT></B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>0.00</FONT></TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left><B><FONT size=2>TOTAL</FONT></B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><FONT size=2>0</FONT></TD>
  </TR>
</TABLE>
<BR>
<P style="TEXT-ALIGN: left">NOTES</P>
<HR align=center width="100%" noshade 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>

<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="94%" colspan="15"><b><font size=2>MEXICAN STOCK EXCHANGE</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="94%" colspan="15"><b><font size=2>SIFIC / ICS</font></b></td>
  </tr>

  <tr>

    <td align=center width="94%" colspan=15>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="28%" colspan=3 rowspan=2>
      <div align="left"><font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b><br>

<font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></div>
    </td>
    <td align=center width="8%">&nbsp;</td>
    <td align=center width="6%">&nbsp;</td>
    <td align=center width="4%">&nbsp;</td>
    <td align=center width="6%">&nbsp;</td>
    <td align=center width="4%">&nbsp;</td>
    <td align=center width="5%">&nbsp;</td>
    <td align=center width="8%">&nbsp;</td>
    <td align=center width="25%" colspan=5>
      <div align="right"><font size=2>QUARTER: </font><font size=2>3 </font><font size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;YEAR:</font><b><font size=2>  2010</font></b></div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=center width="8%">&nbsp;</td>
    <td align=center width="6%">&nbsp;</td>
    <td align=center width="4%">&nbsp;</td>
    <td align=center width="6%">&nbsp;</td>
    <td align=center width="4%">&nbsp;</td>
    <td align=center width="5%">&nbsp;</td>
    <td align=center width="8%">&nbsp;</td>
    <td align=center width="6%">&nbsp;</td>
    <td align=center width="7%">&nbsp;</td>
    <td align=center width="5%">&nbsp;</td>
    <td align=center width="3%">&nbsp;</td>
    <td align=center width="4%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="94%" colspan="15"><b><font size=2>CREDITS BREAK DOWN</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="94%" colspan="15"><b><font size=2>(THOUSANDS OF MEXICAN PESOS)</font></b></td>
  </tr>

  <tr>

    <td align=center width="94%" colspan=15 height="16">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="94%" colspan="15">
      <div align="right"><font size=2>CONSOLIDATED</font></div>
    </td>
  </tr>

  <tr>

    <td align=center width="94%" colspan=15>&nbsp;</td>
  </tr>
</table>
<br>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">

  <TR vAlign=top>

    <TD align=center rowspan="2">&nbsp;</TD>
    <TD align=center rowspan="2"><B><FONT size=2>Amortization</FONT></B></TD>
    <TD align=center rowspan="2"><B><FONT size=2>Rate of</FONT></B></TD>
    <TD align=center colspan="6" rowspan="2"><B><FONT size=2>Denominated in Pesos (Thousands of Pesos)</FONT></B></TD>
    <TD align=center colSpan=6 rowspan="2"><B><FONT size=2>Denominated in Foreign Currency <br>
      (Thousands of</FONT></B><B><FONT size=2> Pesos)</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=top>

    <TD align=center rowSpan=2><B><FONT size=2>Credit Type /</FONT></B><BR>

<B><FONT size=2>Institution</FONT></B></TD>
    <TD align=center rowspan="2"><B><FONT size=2>Date</FONT></B></TD>
    <TD align=center rowspan="2"><B><FONT size=2>Interest</FONT></B></TD>
    <TD align=center colspan="6" rowspan="2"><B><FONT size=2>Time Interval</FONT></B></TD>
    <TD align=center colspan="6" rowspan="2"><B><FONT size=2>Time Interval</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    </TR>



  <TR vAlign=top>

    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center><B><FONT size=2>Current</FONT></B></TD>
    <TD align=center><B><FONT size=2>Until 1</FONT></B></TD>
    <TD align=center><b><font size=2>Until  </font></b><b> </b><b><font size=2>2</font></b><br>

</TD>
    <TD align=center><B><FONT size=2>Until 3</FONT></B></TD>
    <TD align=center><B><FONT size=2>Until 4</FONT></B></TD>
    <TD align=center><b><font size=2>Until 5</font></b>

<b></b></TD>
    <TD align=center><B><FONT size=2>Current</FONT></B></TD>
    <TD align=center><B><FONT size=2>Until 1</FONT></B></TD>
    <TD align=center><B><FONT size=2>Until 2</FONT></B></TD>
    <TD align=center><B><FONT size=2>Until 3</FONT></B></TD>
    <TD align=center><B><FONT size=2>Until 4</FONT></B></TD>
    <TD align=center><B><FONT size=2>Until 5</FONT></B></TD>
  </TR>



  <TR vAlign=top>

    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center><B><FONT size=2>Year</FONT></B></TD>
    <TD align=center><B><FONT size=2>Year</FONT></B></TD>
    <TD align=center><b><font size=2>Year</font></b>

<b><font size=2>s</font></b></TD>
    <TD align=center><b><font size=2>Years </font></b><B></B></TD>
    <TD align=center><b><font size=2>Years</font></b></TD>
    <TD align=center><b><font size=2>Years</font></b><br>

<b><font size=2>or</font></b></TD>
    <TD align=center><B><FONT size=2>Year</FONT></B></TD>
    <TD align=center><B><FONT size=2>Year</FONT></B></TD>
    <TD align=center><b><font size=2>Years   </font></b></TD>
    <TD align=center><b><font size=2>Years</font></b></TD>
    <TD align=center><b><font size=2>Years</font></b></TD>
    <TD align=center><b><font size=2>Years or</font></b><b></b></TD>
  </TR>

  <TR vAlign=top>

    <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><b><font size=2>More</font></b></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><B><FONT size=2>More</FONT></B></TD>
  </TR>

  <TR vAlign=top>

    <TD align=left><B><FONT size=2>BANKS</FONT></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=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left rowspan="2"><B><FONT size=2>TOTAL</FONT></B><B><FONT size=2><br>
      BANKS</FONT></B></TD>
    <TD align=left rowspan="2">&nbsp;</TD>
    <TD align=left rowspan="2">&nbsp;</TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>





  <TR>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left rowspan="4"><B><FONT size=2>LISTED IN </FONT></B><B><FONT size=2><br>
      THE </FONT></B><B><FONT size=2>STOCK </FONT></B><B><FONT size=2><br>
      EXCHANGE</FONT></B></TD>
    <TD align=left rowspan="4">&nbsp;</TD>
    <TD align=left rowspan="4">&nbsp;</TD>
    <TD align=left rowspan="4">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="4">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="4">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="4">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="4">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="4">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="4">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="4">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="4">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="4">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="4">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="4">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    </TR>



  <TR vAlign=bottom>

    <TD align=left rowspan="2"><B><FONT size=2>UNSECURED<br>
      </FONT></B><B><FONT size=2>DEBT</FONT></B></TD>
    <TD align=left rowspan="2">&nbsp;</TD>
    <TD align=left rowspan="2">&nbsp;</TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>



  <TR vAlign=bottom>

    <TD align=left rowspan="2"><FONT size=2>Medium Term</FONT><FONT size=2><br>
      Notes</FONT></TD>
    <TD align=left rowspan="2">
      <div align="right"><FONT size=2>15/12/1998</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right"><FONT size=2>9.33</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>3,775</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>





  <TR vAlign=bottom>

    <TD align=left rowspan="3"><B><FONT size=2>TOTAL</FONT></B><B><FONT size=2><br>
      STOCK</FONT></B><B><FONT size=2><br>
      EXCHANGE</FONT></B></TD>
    <TD align=left rowspan="3">&nbsp;</TD>
    <TD align=left rowspan="3">&nbsp;</TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>3,775</FONT></div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    </TR>







  <TR vAlign=bottom>

    <TD align=left><B><FONT size=2>SUPPLIERS</FONT></B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Various</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>474,116</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>1,563,155</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left rowspan="2"><B><FONT size=2>TOTAL</FONT></B><B><FONT size=2><br>
      SUPPLIERS</FONT></B></TD>
    <TD align=left rowspan="2">&nbsp;</TD>
    <TD align=left rowspan="2">&nbsp;</TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>474,116</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>1,563,155</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>



  <TR vAlign=bottom>

    <TD align=left rowspan="3"><B><FONT size=2>OTHER</FONT></B><B><FONT size=2> <br>
      LOANS WITH</FONT></B><B><FONT size=2><br>
       COST</FONT></B></TD>
    <TD align=left rowspan="3">&nbsp;</TD>
    <TD align=left rowspan="3">
      <div align="right"><FONT size=2>0.25</FONT></div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right"><FONT size=2>616,609</FONT></div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="3">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    </TR>







  <TR vAlign=bottom>

    <TD align=left><B><FONT size=2>TOTAL</FONT></B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>0</FONT></div>
    </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>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">

  <TR vAlign=bottom>

    <TD align=left rowspan="5"><B><FONT size=2>OTHER</FONT></B><B><FONT size=2><br>
      CURRENT</FONT></B><B><FONT size=2><br>
      LIABILITIES</FONT></B><B><FONT size=2><br>
      WITHOUT</FONT></B><B><FONT size=2><br>
      COST</FONT></B></TD>
    <TD align=left rowspan="5" width="6%">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="5" width="6%">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="5" width="6%">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="5" width="6%">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="5" width="6%">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="5" width="6%">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="5" width="6%">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="5" width="6%">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="5" width="6%">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="5" width="6%">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="5" width="6%">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="5" width="6%">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left rowspan="5" width="6%">
      <div align="right">&nbsp;</div>
      <div align="right">&nbsp;</div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>Various</FONT></TD>
    <TD align=left>
      <div align="right"><FONT size=2>289,582</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2> 0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2> 0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2> 395,617</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2> 0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2> 0</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B><FONT size=2>TOTAL</FONT></B></TD>
    <TD align=left>
      <div align="right"><FONT size=2>289,582</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2> 0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2> 0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2> 395,617</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2> 0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2> 0</FONT></div>
    </TD>
  </TR>



  <TR>

    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B><FONT size=2>TOTAL</FONT></B></TD>
    <TD align=left>
      <div align="right"><FONT size=2>763,698</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2> 0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2> 0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2> 2,579,156</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2> 0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><font size=2>0</font></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2> 0</FONT></div>
    </TD>
  </TR>
</TABLE>
<BR>
<P style="TEXT-ALIGN: left"><B>NOTES: </B>The exchange rate of the peso to the U.S. Dollar at September 30, 2010 was Ps. 12.5011</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>

<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><font size=2>MEXICAN STOCK EXCHANGE</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><font size=2>SIFIC / ICS</font></td>
  </tr>

  <tr>

    <td width="97%" colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="29%"><font size=2>STOCK EXCHANGE CODE:</font></td>
    <td align=left width="14%">&nbsp;</td>
    <td align=right width="28%" colspan=2><b><font size=2>SIMEC&nbsp;&nbsp; </font></b><font size=2>QUARTER:</font></td>
    <td align=left width="8%"><font size=2>&nbsp;&nbsp;3</font></td>
    <td align=right width="18%" colspan=2><font size=2>YEAR: </font><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="29%"><b><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></b></td>
    <td align=left width="14%">&nbsp;</td>
    <td align=left width="14%">&nbsp;</td>
    <td align=left width="14%">&nbsp;</td>
    <td align=left width="8%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left width="13%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><b><font size=2>MONETARY FOREIGN CURRENCY POSITION</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="97%" colspan=7><b><font size=2>(Thousands of Mexican Pesos)</font></b></td>
  </tr>

  <tr>

    <td width="97%" colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="29%">&nbsp;</td>
    <td align=left width="14%">&nbsp;</td>
    <td align=left width="14%">&nbsp;</td>
    <td align=left width="14%">&nbsp;</td>
    <td align=left width="8%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=right width="13%"><b><font size=2>CONSOLIDATED</font></b></td>
  </tr>

  <tr>

    <td width="97%" colspan=7>&nbsp;</td>
  </tr>
</table>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 width="100%" border=1 cellpadding="2">

  <TR vAlign=bottom>

    <TD align=left width="29%">
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left width="28%" colSpan=2>
      <div align="center"><B><FONT size=2>DOLLARS</FONT></B></div>
    </TD>
    <TD align=left width="27%" colSpan=2>
      <div align="center"><B><FONT size=2>OTHER CURRENCIES</FONT></B></div>
    </TD>
    <TD align=left width="13%">
      <div align="center"><B><FONT size=2>TOTAL</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="29%">
      <div align="center"><B><FONT size=2>FOREIGN CURRENCY POSITION</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left width="14%">
      <div align="center"><B><FONT size=2>THOUSANDS</FONT></B></div>
      <div align="center"><B><FONT size=2>OF DOLLARS</FONT></B></div>
    </TD>
    <TD align=right width="14%">
      <div align="center"><B><FONT size=2>THOUSANDS</FONT></B></div>
      <div align="center"><B><FONT size=2>OF PESOS</FONT></B></div>
    </TD>
    <TD align=right width="14%">
      <div align="center"><B><FONT size=2>THOUSANDS</FONT></B></div>
      <div align="center"><B><FONT size=2>OF DOLLARS</FONT></B></div>
    </TD>
    <TD align=right width="13%">
      <div align="center"><B><FONT size=2>THOUSANDS</FONT></B></div>
      <div align="center"><B><FONT size=2>OF PESOS</FONT></B></div>
    </TD>
    <TD align=right width="13%">
      <div align="center"><B><FONT size=2>THOUSANDS</FONT></B></div>
      <div align="center"><B><FONT size=2>OF PESOS</FONT></B></div>
    </TD>
  </TR>





  <TR>

    <TD width="97%" colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="29%"><B><FONT size=2>TOTAL ASSETS</FONT></B></TD>
    <TD align=left width="14%">
      <div align="right"><B><FONT size=2>411,329</FONT></B></div>
    </TD>
    <TD align=right width="14%">
      <div align="right"><B><FONT size=2>5,142,064</FONT></B></div>
    </TD>
    <TD align=right width="14%">
      <div align="right"><B><FONT size=2>88</FONT></B></div>
    </TD>
    <TD align=right width="5%">
      <div align="right"><B><FONT size=2>1,101</FONT></B></div>
    </TD>
    <TD align=right width="13%">
      <div align="right"><B><FONT size=2>5,143,165</FONT></B></div>
    </TD>
  </TR>

  <TR>

    <TD width="97%" colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="29%"><B><FONT size=2>LIABILITIES POSITION</FONT></B></TD>
    <TD align=left width="14%">
      <div align="right"><B><FONT size=2>206,314</FONT></B></div>
    </TD>
    <TD align=right width="14%">
      <div align="right"><B><FONT size=2>2,578,409</FONT></B></div>
    </TD>
    <TD align=right width="14%">
      <div align="right"><B><FONT size=2>51</FONT></B></div>
    </TD>
    <TD align=right width="5%">
      <div align="right"><B><FONT size=2>696</FONT></B></div>
    </TD>
    <TD align=right width="13%">
      <div align="right"><B><FONT size=2>2,579,105</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="29%" height="16"><FONT size=2>SHORT TERM LIABILITIES POSITION</FONT></TD>
    <TD align=left width="14%" height="16">
      <div align="right"><FONT size=2>206,314</FONT></div>
    </TD>
    <TD align=right width="14%" height="16">
      <div align="right"><FONT size=2>2,578,409</FONT></div>
    </TD>
    <TD align=right width="14%" height="16">
      <div align="right"><FONT size=2>51</FONT></div>
    </TD>
    <TD align=right width="5%" height="16">
      <div align="right"><FONT size=2>696</FONT></div>
    </TD>
    <TD align=right width="13%" height="16">
      <div align="right"><FONT size=2>2,579,105</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="29%"><FONT size=2>LONG TERM LIABILITIES POSITION</FONT></TD>
    <TD align=left width="14%">
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right width="14%">
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right width="14%">
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right width="5%">
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right width="13%">
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
  </TR>

  <TR>

    <TD width="97%" colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="29%"><B><FONT size=2>NET BALANCE</FONT></B></TD>
    <TD align=left width="14%">
      <div align="right"><B><FONT size=2>205,015</FONT></B></div>
    </TD>
    <TD align=right width="14%">
      <div align="right"><B><FONT size=2>2,563,655</FONT></B></div>
    </TD>
    <TD align=right width="14%">
      <div align="right"><B><FONT size=2>37</FONT></B></div>
    </TD>
    <TD align=right width="5%">
      <div align="right"><B><FONT size=2>405</FONT></B></div>
    </TD>
    <TD align=right width="13%">
      <div align="right"><B><FONT size=2>2,564,060</FONT></B></div>
    </TD>
  </TR>
</TABLE>
<BR>
<P style="TEXT-ALIGN: left"><B>NOTES</B><BR>
THE EXCHANGE RATE OF THE PESO TO THE U.S. DOLLAR AT SEPTEMBER 30, 2010 WAS PS. 12.5011</P>
<HR align=center width="100%" noshade SIZE=5>
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<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 width="100%" border=0>
<TR vAlign=bottom>
     <TD align=center width="97%" colSpan=4><FONT size=2>MEXICAN STOCK EXCHANGE</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center width="97%" colSpan=4><FONT size=2>SIFIC / ICS</FONT></TD></TR>
<TR>
     <TD width="97%" colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left width="28%"><FONT size=2>STOCK EXCHANGE CODE:</FONT></TD>

    <TD align=right width="45%"><B><FONT size=2>SIMEC </FONT></B><FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;QUARTER:</FONT></TD>

    <TD align=left width="6%"><FONT size=2>&nbsp;&nbsp;3</FONT></TD>
     <TD align=left width="18%"><FONT size=2>YEAR: </FONT><B><FONT size=2>2010</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=left width="28%"><B><FONT size=2>GRUPO SIMEC, S.A.B. DE C.V.</FONT></B></TD>
     <TD align=left width="45%">&nbsp;</TD>
     <TD align=left width="6%">&nbsp;</TD>
     <TD align=left width="18%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center width="97%" colSpan=4><B><FONT size=2>DEBT INSTRUMENTS</FONT></B></TD></TR>
<TR>
     <TD width="97%" colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left width="28%">&nbsp;</TD>
     <TD align=left width="45%">&nbsp;</TD>
     <TD align=left width="6%">&nbsp;</TD>
     <TD align=left width="18%"><B><FONT size=2>CONSOLIDATED</FONT></B></TD></TR>
<TR>
     <TD width="97%" colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD width="97%" colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left width="73%" colSpan=2><B><FONT size=2>FINANCIAL LIMITED BASED IN ISSUED DEED AND/OR TITLE</FONT></B></TD>
     <TD align=left width="6%">&nbsp;</TD>
     <TD align=left width="18%">&nbsp;</TD></TR></TABLE>

<P style="TEXT-ALIGN: center"><B>MEDIUM TERM NOTES</B></P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0>
<TR>
     <TD vAlign=top nowrap width="2%">A)&nbsp; &nbsp; &nbsp; </TD>
     <TD width="98%">Current assets to current liabilities must be 1.0 times or more. </TD></TR>
<TR>
     <TD width="100%" colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top nowrap width="2%">B)&nbsp; &nbsp; &nbsp; </TD>
     <TD width="98%">Total liabilities to total assets do not be more than 0.60. </TD></TR>
<TR>
     <TD width="100%" colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top nowrap width="2%">C)&nbsp; &nbsp; &nbsp; </TD>
     <TD width="98%">Operating income plus items added to income which do not require using cash must be 2.0 times or more. </TD></TR>
<TR>
     <TD width="100%" colSpan=2>&nbsp;</TD></TR></TABLE>
<P style="TEXT-ALIGN: left">This notes was offered in the international market.</P>
<P style="TEXT-ALIGN: center"><B>ACTUAL SITUATION OF FINANCIAL LIMITED</B></P>
<P style="TEXT-ALIGN: left">MEDIUM TERM NOTES</P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0>
<TR>
     <TD vAlign=top nowrap width="2%">A)&nbsp; &nbsp; &nbsp; </TD>
     <TD width="98%">Accomplished the actual situation is 3.73 times. </TD></TR>
<TR>
     <TD width="100%" colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top nowrap width="2%">B)&nbsp; &nbsp; &nbsp; </TD>
     <TD width="98%">Accomplished the actual situation is 0.23 </TD></TR>
<TR>
     <TD width="100%" colSpan=2>&nbsp;</TD></TR>
<TR>
     <TD vAlign=top nowrap width="2%">C)&nbsp; &nbsp; &nbsp; </TD>
     <TD width="98%">Accomplished the actual situation is 24.68 </TD></TR>
<TR>
     <TD width="100%" colSpan=2>&nbsp;</TD></TR></TABLE>
<P style="TEXT-ALIGN: left" align="left">As of September 30, 2010, the remaining balance of the MTNs not exchanged amounts to Ps. 3,775 ($302,000 dollars).</P>
<P style="TEXT-ALIGN: left">C.P. Adolfo Luna Luna<BR>
Chief Financial Officer</P>
<P style="TEXT-ALIGN: center" align="center"><B>BONDS AND/OR MEDIUM TERM NOTES CERTIFICATE</B></P>
<HR align=center width="100%" noshade SIZE=5>
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<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><font size=2>MEXICAN STOCK EXCHANGE</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><font size=2>SIFIC / ICS</font></td>
  </tr>

  <tr>

    <td width="98%" colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="32%"><font size=2>STOCK EXCHANGE CODE:</font></td>
    <td align=left width="39%">
      <div align="right"><b><font size=2>SIMEC&nbsp;&nbsp;&nbsp;&nbsp; </font></b><font size=2>QUARTER:</font></div>
    </td>
    <td align=right width="10%">
      <div align="center"><font size=2>3</font></div>
    </td>
    <td align=left width="17%"><font size=2>YEAR: </font><b><font size=2>&nbsp;&nbsp;2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="32%"><b><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></b></td>
    <td align=left width="39%">&nbsp;</td>
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="17%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="98%" colspan=4><b><font size=2>PLANTS, COMMERCE CENTERS OR DISTRIBUTION CENTERS</font></b></td>
  </tr>

  <tr>

    <td width="98%" colspan=4>&nbsp;</td>
  </tr>

  <tr>

    <td width="98%" colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="32%">&nbsp;</td>
    <td align=left width="39%">&nbsp;</td>
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="17%"><b><font size=2>CONSOLIDATED</font></b></td>
  </tr>

  <tr>

    <td width="98%" colspan=4>&nbsp;</td>
  </tr>












































</table>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">





















  <TR vAlign=bottom>

    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>PLANT OR CENTER</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>ECONOMIC ACTIVITY</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>PLANT</FONT></B></div>
      <div align="center"><B><FONT size=2>CAPACITY</FONT></B></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>UTILIZATION (%)</FONT></B></div>
      <div align="center">&nbsp;</div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    <TD align=left rowspan="2"><FONT size=2>GUADALAJARA MINI MILL</FONT></TD>
    <TD align=left rowspan="2"><FONT size=2>PRODUCTION AND SALES OF STEEL </FONT><FONT size=2>PRODUCTS</FONT></TD>
    <TD align=left rowspan="2">
      <div align="center"><FONT size=2>480</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><FONT size=2>78.40</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    <TD align=left rowspan="2"><FONT size=2>MEXICALI MINI MILL</FONT></TD>
    <TD align=left rowspan="2"><FONT size=2>PRODUCTION AND SALES OF STEEL</FONT><FONT size=2> PRODUCTS</FONT></TD>
    <TD align=left rowspan="2">
      <div align="center"><FONT size=2>250</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><FONT size=2>62.32</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    <TD align=left rowspan="2"><FONT size=2>APIZACO AND CHOLULA PLANTS</FONT></TD>
    <TD align=left rowspan="2"><FONT size=2>PRODUCTION AND SALES OF STEEL</FONT><FONT size=2> PRODUCTS</FONT></TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><FONT size=2>460</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><FONT size=2>78.53</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>CANTON CASTER FACILITY</FONT></TD>
    <TD align=left><FONT size=2>PRODUCTION OF BILLET</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>1,380</FONT></div>
    </TD>
    <TD align=left>
      <div align="center"><FONT size=2>71.30</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>LORAIN CASTER FACILITY</FONT></TD>
    <TD align=left><FONT size=2>PRODUCTION OF BILLET</FONT></TD>
    <TD align=right>
      <div align="center"><FONT size=2>1,150</FONT></div>
    </TD>
    <TD align=left>
      <div align="center"><FONT size=2>0.00</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left rowspan="2"><FONT size=2>LORAIN HOT-ROLLING MILL</FONT></TD>
    <TD align=left rowspan="2"><FONT size=2>PRODUCTION AND SALES OF STEEL</FONT><FONT size=2> PRODUCTS</FONT></TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><FONT size=2>840</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><FONT size=2>42.00</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    <TD align=left rowspan="2"><FONT size=2>LACKAWANNA HOT-ROLLING MILL</FONT></TD>
    <TD align=left rowspan="2"><FONT size=2>PRODUCTION AND SALES OF STEEL</FONT><FONT size=2> PRODUCTS</FONT></TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><FONT size=2>600</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><FONT size=2>72.70</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    <TD align=left rowspan="2"><FONT size=2>MASSILLON COLD-FINISH FACILITY</FONT></TD>
    <TD align=left rowspan="2"><FONT size=2>PRODUCTION AND SALES OF STEEL </FONT><FONT size=2>PRODUCTS</FONT></TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><FONT size=2>125</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><FONT size=2>63.10</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    <TD align=left rowspan="2"><FONT size=2>GARY COLD-FINISH FACILITY</FONT></TD>
    <TD align=left rowspan="2"><FONT size=2>PRODUCTION AND SALES OF STEEL</FONT><FONT size=2> PRODUCTS</FONT></TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><FONT size=2>70</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><FONT size=2>42.40</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    <TD align=left rowspan="2"><FONT size=2>ONTARIO COLD-FINISH FACILITY</FONT></TD>
    <TD align=left rowspan="2"><FONT size=2>PRODUCTION AND SALES OF STEEL</FONT><FONT size=2> PRODUCTS</FONT></TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><FONT size=2>60</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><FONT size=2>60.60</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>

    <TD align=left rowspan="2"><FONT size=2>SAN LUIS POTOSI COLD-FINISH FACILITY</FONT></TD>
    <TD align=left rowspan="2"><FONT size=2>PRODUCTION AND SALES OF STEEL </FONT><FONT size=2>PRODUCTS</FONT></TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><FONT size=2>600</FONT></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><FONT size=2>87.80</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>
</TABLE>
<BR>
<HR align=center width="100%" noshade SIZE=5>
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<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><font size=2>MEXICAN STOCK EXCHANGE</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><font size=2>SIFIC / ICS</font></td>
  </tr>

  <tr>

    <td width="96%" colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="31%" colspan=2><font size=2>STOCK EXCHANGE CODE:</font></td>
    <td align=left width="16%">&nbsp;</td>
    <td align=right width="22%" colspan=2><b><font size=2>SIMEC </font></b><font size=2>QUARTER:</font></td>
    <td align=right width="10%"><font size=2>3</font></td>
    <td align=left width="17%"><font size=2>YEAR: </font><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="31%" colspan=2><b><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></b></td>
    <td align=left width="16%">&nbsp;</td>
    <td align=left width="17%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="17%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><b><font size=2>MAIN RAW MATERIALS</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="14%">&nbsp;</td>
    <td align=left width="17%">&nbsp;</td>
    <td align=left width="16%">&nbsp;</td>
    <td align=left width="17%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="17%">
      <div align="right"><b><font size=2>CONSOLIDATED</font></b></div>
    </td>
  </tr>
</table>
<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 border=1 width="100%" cellpadding="2">
  <tr valign=bottom>
    <td align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><b><font size=2>DOMESTIC</font></b></div>
    </td>
    <td align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><b><font size=2>MAIN SUPPLIERS</font></b></div>
    </td>
    <td align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><b><font size=2>FOREIGN</font></b></div>
    </td>
    <td align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><b><font size=2>MAIN SUPPLIERS</font></b></div>
    </td>
    <td align=right rowspan="2">
      <div align="center"><b><font size=2>DOMESTIC</font></b></div>
      <div align="center"><b><font size=2>SUBSTITUTION</font></b></div>
    </td>
    <td align=center rowspan="2">
      <div align="center"><b><font size=2>COST</font></b></div>
      <div align="center"><b><font size=2>PRODUCTION (%)</font></b></div>
    </td>
  </tr>
  <tr valign=bottom> </tr>
  <tr valign=bottom>
    <td align=left><font size=2>PLANTS IN USA</font></td>
    <td align=left>
      <div align="left">&nbsp;</div>
    </td>
    <td align=left>
      <div align="left"><font size=2>SCRAP</font></div>
    </td>
    <td align=right>
      <div align="left"><font size=2>VARIOUS</font></div>
    </td>
    <td align=right>
      <div align="center"><font size=2>NO</font></div>
    </td>
    <td align=center><font size=2>37.52</font></td>
  </tr>
  <tr valign=bottom>
    <td align=left><font size=2>SCRAP</font></td>
    <td align=right>
      <div align="left"><font size=2>VARIOUS</font></div>
    </td>
    <td align=left>
      <div align="left"><font size=2>PLANTS IN MEXICO</font></div>
    </td>
    <td align=left>
      <div align="left">&nbsp;</div>
    </td>
    <td align=left>
      <div align="center">&nbsp;</div>
    </td>
    <td align=center><font size=2>54.80</font></td>
  </tr>
  <tr valign=bottom>
    <td align=left><font size=2>FERROALLOYS</font></td>
    <td align=right>
      <div align="left"><font size=2>VARIOUS</font></div>
    </td>
    <td align=left>
      <div align="left"><font size=2>PLANTS IN MEXICO</font></div>
    </td>
    <td align=left>
      <div align="left">&nbsp;</div>
    </td>
    <td align=left>
      <div align="center"><font size=2>YES</font></div>
    </td>
    <td align=center><font size=2>6.72</font></td>
  </tr>
  <tr valign=bottom>
    <td align=left><font size=2>PLANTS IN USA</font></td>
    <td align=left>
      <div align="left">&nbsp;</div>
    </td>
    <td align=left>
      <div align="left"><font size=2>FERROALLOYS</font></div>
    </td>
    <td align=right>
      <div align="left"><font size=2>VARIOUS</font></div>
    </td>
    <td align=right>
      <div align="center"><font size=2>NO</font></div>
    </td>
    <td align=center><font size=2>12.18</font></td>
  </tr>
  <tr valign=bottom>
    <td align=left><font size=2>ELECTRODES</font></td>
    <td align=right>
      <div align="left"><font size=2>VARIOUS</font></div>
    </td>
    <td align=left>
      <div align="left"><font size=2>PLANTS IN MEXICO</font></div>
    </td>
    <td align=right>
      <div align="left"><font size=2>VARIOUS</font></div>
    </td>
    <td align=left>
      <div align="center"><font size=2>YES</font></div>
    </td>
    <td align=center><font size=2>2.35</font></td>
  </tr>
  <tr valign=bottom>
    <td align=left><font size=2>PLANTS IN USA</font></td>
    <td align=left>
      <div align="left">&nbsp;</div>
    </td>
    <td align=left>
      <div align="left"><font size=2>ELECTRODES</font></div>
    </td>
    <td align=right>
      <div align="left"><font size=2>VARIOUS</font></div>
    </td>
    <td align=right>
      <div align="center"><font size=2>NO</font></div>
    </td>
    <td align=center><font size=2>2.65</font></td>
  </tr>
</table>
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<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><font size=2>MEXICAN STOCK EXCHANGE</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><font size=2>SIFIC / ICS</font></td>
  </tr>

  <tr>

    <td width="96%" colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="30%"><font size=2>STOCK EXCHANGE CODE:</font></td>
    <td align=left width="21%">&nbsp;</td>
    <td align=right width="20%" colspan=3><b><font size=2>SIMEC </font></b><font size=2>QUARTER:</font></td>
    <td align=left width="8%"><font size=2>3</font></td>
    <td align=right width="17%"><font size=2>YEAR: </font><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="30%"><b><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></b></td>
    <td align=left width="21%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left width="9%">&nbsp;</td>
    <td align=left width="6%">&nbsp;</td>
    <td align=left width="8%">&nbsp;</td>
    <td align=left width="17%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><b><font size=2>SELLS DISTRIBUTION BY PRODUCT</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="30%">&nbsp;</td>
    <td align=left width="21%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left width="9%">&nbsp;</td>
    <td align=left width="6%">&nbsp;</td>
    <td align=left width="8%">&nbsp;</td>
    <td align=right width="17%"><b><font size=2>CONSOLIDATED</font></b></td>
  </tr>

  <tr>

    <td width="96%" colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="96%" colspan=7><b><font size=2>DOMESTIC SALES</font></b></td>
  </tr>
  <tr valign=bottom>
    <td align=center width="96%" colspan=7>&nbsp;</td>
  </tr>
</table>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><B><FONT size=2>MAIN PRODUCTS</FONT></B></div>
    </TD>
    <TD align=left colSpan=2>
      <div align="center"><B><FONT size=2>NET SALES</FONT></B></div>
    </TD>
    <TD align=left colspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><B><FONT size=2>MAIN DESTINATION</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left>
      <div align="center"><B><FONT size=2>VOLUME</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>AMOUNT</FONT></B></div>
    </TD>
    <TD align=left>
      <div align="center"><B><FONT size=2>TRADEMARKS</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>CUSTOMERS</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>COMMERCIAL PROFILES</FONT></TD>
    <TD align=left>
      <div align="right"><FONT size=2>665</FONT></div>
    </TD>
    <TD align=right><FONT size=2>5,572,203</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>SPECIAL PROFILES</FONT></TD>
    <TD align=left>
      <div align="right"><FONT size=2>267</FONT></div>
    </TD>
    <TD align=right><FONT size=2>2,686,775</FONT></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><FONT size=2>T O T A L</FONT></B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><B><FONT size=2>8,258,978</FONT></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><FONT size=2>FOREIGN SALES</FONT></B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><B><FONT size=2>10,682,589</FONT></B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B><FONT size=2>TOTAL</FONT></B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><B><FONT size=2>18,941,567</FONT></B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<BR>
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<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="95%" colspan=7><font size=2>MEXICAN STOCK EXCHANGE</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="95%" colspan=7><font size=2>SIFIC / ICS</font></td>
  </tr>

  <tr>

    <td width="95%" colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="28%"><font size=2>STOCK EXCHANGE CODE:</font></td>
    <td align=left width="15%">&nbsp;</td>
    <td align=left width="11%">&nbsp;</td>
    <td align=right width="17%" colspan=2><b><font size=2>SIMEC </font></b><font size=2>QUARTER:</font></td>
    <td align=right width="5%"><font size=2>3</font></td>
    <td align=left width="19%"><font size=2>YEAR: </font><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="28%"><b><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></b></td>
    <td align=left width="15%">&nbsp;</td>
    <td align=left width="11%">&nbsp;</td>
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="7%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left width="19%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="95%" colspan=7><b><font size=2>SELLS DISTRIBUTION BY PRODUCT</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="28%">&nbsp;</td>
    <td align=left width="15%">&nbsp;</td>
    <td align=left width="11%">&nbsp;</td>
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="7%">&nbsp;</td>
    <td align=left width="5%">&nbsp;</td>
    <td align=left width="19%"><b><font size=2>CONSOLIDATED</font></b></td>
  </tr>

  <tr>

    <td width="95%" colspan=7>&nbsp;</td>
  </tr>

  <tr>

    <td width="95%" colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center width="95%" colspan=7><b><font size=2>FOREIGN SALES</font></b></td>
  </tr>

  <tr>

    <td width="95%" colspan=7>&nbsp;</td>
  </tr>
</table>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><B><FONT size=2>MAIN PRODUCTS</FONT></B></div>
    </TD>
    <TD align=left colspan="2">
      <div align="center"><B><FONT size=2>NET SELLS</FONT></B></div>
    </TD>
    <TD align=left colspan="2">
      <div align="center">&nbsp;</div>
      <div align="center">&nbsp;</div>
      <div align="center"><B><FONT size=2>MAIN</FONT></B></div>
    </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=right>
      <div align="center"><B><font size=2>VOLUME</font></B></div>
    </TD>
    <TD align=right>
      <div align="center"><b><font size=2>AMOUNT</font></b></div>
    </TD>
    <TD align=right>
      <div align="center"><B><FONT size=2>TRADEMARKS</FONT></B></div>
    </TD>
    <TD align=left>
      <div align="center"><B><FONT size=2>CUSTOMERS</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B><FONT size=2>EXPORTS</FONT></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><FONT size=2>COMMERCIAL PROFILES</FONT></TD>
    <TD align=left>
      <div align="right"><FONT size=2>129</FONT></div>
    </TD>
    <TD align=right><FONT size=2>1,279,258</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>SPECIAL PROFILES</FONT></TD>
    <TD align=left>
      <div align="right"><FONT size=2>58</FONT></div>
    </TD>
    <TD align=right><FONT size=2>653,198</FONT></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>OTHERS</FONT></TD>
    <TD align=left>
      <div align="right"><FONT size=2>0</FONT></div>
    </TD>
    <TD align=right><FONT size=2>84,133</FONT></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><FONT size=2>FOREIGN SUBSIDIARIES</FONT></B></TD>
    <TD align=left>
      <div align="right">&nbsp;</div>
    </TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><FONT size=2>SPECIAL PROFILES</FONT></TD>
    <TD align=left>
      <div align="right"><FONT size=2>600</FONT></div>
    </TD>
    <TD align=right><FONT size=2>8,666,000</FONT></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><FONT size=2>T O T A L</FONT></B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right><B><FONT size=2>10,682,589</FONT></B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<BR>
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<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 width="100%" border=0>
<TR vAlign=bottom>
     <TD align=center width="97%" colSpan=4><FONT size=2>MEXICAN STOCK EXCHANGE</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=center width="97%" colSpan=4><FONT size=2>SIFIC / ICS</FONT></TD></TR>
<TR>
     <TD width="97%" colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left width="28%"><FONT size=2>STOCK EXCHANGE CODE:</FONT></TD>
     <TD align=left width="45%"><B><FONT size=2>SIMEC </FONT></B><FONT size=2>QUARTER:</FONT></TD>
     <TD align=left width="6%"><FONT size=2>3</FONT></TD>
     <TD align=left width="18%"><FONT size=2>YEAR: </FONT><B><FONT size=2>2010</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD align=left width="28%"><B><FONT size=2>GRUPO SIMEC, S.A.B. DE C.V.</FONT></B></TD>
     <TD align=left width="45%">&nbsp;</TD>
     <TD align=left width="6%">&nbsp;</TD>
     <TD align=left width="18%">&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center width="97%" colSpan=4><B><FONT size=2>CONSTRUCTION IN PROGRESS</FONT></B></TD></TR>
<TR>
     <TD width="97%" colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left width="28%">&nbsp;</TD>
     <TD align=left width="45%">&nbsp;</TD>
     <TD align=left width="6%">&nbsp;</TD>
     <TD align=left width="18%"><B><FONT size=2>CONSOLIDATED</FONT></B></TD></TR></TABLE>

<P style="TEXT-ALIGN: left">THE PROJECTS IN PROGRESS AT SEPTEMBER 30, 2010, ARE:</P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=0 width="500">

<TR vAlign=bottom>

    <TD align=left>
      <div align="center"><FONT size=2>PROJECTS IN PROGRESS</FONT></div>
    </TD>

    <TD align=right>
      <div align="center"><FONT size=2>TOTAL INVESTMENT</FONT></div>
    </TD></TR>
<TR>

    <TD colSpan=2>&nbsp;</TD>
  </TR>
<TR vAlign=bottom>

    <TD align=left><FONT size=2>PROJECTS IN REPUBLIC</FONT></TD>

    <TD align=right><FONT size=2>240,254</FONT></TD>
  </TR>
<TR vAlign=bottom>

    <TD align=left><FONT size=2>PROJECTS IN MEXICALI</FONT></TD>

    <TD align=right><FONT size=2>3,661</FONT></TD>
  </TR>
<TR vAlign=bottom>

    <TD align=left><FONT size=2>PROJECTS IN TLAXCALA</FONT></TD>

    <TD align=right><FONT size=2>159,005</FONT></TD>
  </TR>
<TR vAlign=bottom>

    <TD align=left><FONT size=2>PROJECTS IN GUADALAJARA</FONT></TD>

    <TD align=right><FONT size=2>20,502</FONT></TD>
  </TR>
<TR vAlign=bottom>

    <TD align=left><FONT size=2>PROJECTS IN SAN LUIS POTOSI</FONT></TD>

    <TD align=right><FONT size=2>19,979</FONT></TD>
  </TR>
<TR>

    <TD colSpan=2>&nbsp;</TD>
  </TR>
  <TR vAlign=top>

    <TD align=left><B><FONT size=2>TOTAL INVESTMENT AT</FONT></B></TD>

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

    <TD align=left><B><FONT size=2>SEPTEMBER 30, 2010</FONT></B></TD>

    <TD align=right>
      <div align="right"><B><FONT size=2>443,401</FONT></B>
      </div>
      <hr noshade size="2" width="75" align="right">
    </TD>
  </TR></TABLE><BR>
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  <TR vAlign=bottom>

    <TD align=center width="97%" colSpan=4><FONT size=2>MEXICAN STOCK EXCHANGE</FONT></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center width="97%" colSpan=4><FONT size=2>SIFIC / ICS</FONT></TD>
  </TR>

  <TR>

    <TD width="97%" colSpan=4>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="27%"><FONT size=2>STOCK EXCHANGE CODE:</FONT></TD>
    <TD align=left width="46%">
      <div align="right"><B><FONT size=2>SIMEC </FONT></B><FONT size=2>&nbsp;&nbsp;&nbsp;QUARTER:&nbsp;&nbsp;</FONT></div>
    </TD>
    <TD align=left width="6%"><FONT size=2>3</FONT></TD>
    <TD align=right width="18%"><FONT size=2>YEAR: </FONT><B><FONT size=2>2010</FONT></B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="27%"><B><FONT size=2>GRUPO SIMEC, S.A.B. DE C.V.</FONT></B></TD>
    <TD align=left width="46%">&nbsp;</TD>
    <TD align=left width="6%">&nbsp;</TD>
    <TD align=left width="18%">&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="97%" colSpan=4>
      <div align="center"><B><FONT size=2>TRANSACTIONS IN FOREIGN CURRENCY AND CONVERSION OF FINANCIAL STATEMENTS OF FOREIGN OPERATIONS</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center width="97%" colSpan=4>
      <div align="center"><B><FONT size=2>INFORMATION RELATED TO BULLETIN B-15</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left width="27%">&nbsp;</TD>
    <TD align=left width="46%">&nbsp;</TD>
    <TD align=left width="6%">&nbsp;</TD>
    <TD align=right width="18%"><B><FONT size=2>CONSOLIDATED</FONT></B></TD>
  </TR>
</TABLE>

<P style="TEXT-ALIGN: left"><B>Foreign currency transactions and exchange differences </B><B>&#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 "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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<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellspacing=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center width="93%" colspan=10><font size=2>MEXICAN STOCK EXCHANGE</font></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="93%" colspan=10><font size=2>SIFIC / ICS</font></td>
  </tr>

  <tr>

    <td width="93%" colspan=10>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="24%" colspan=2><font size=2>STOCK EXCHANGE CODE:</font></td>
    <td align=left width="13%">&nbsp;</td>
    <td align=left width="13%">&nbsp;</td>
    <td align=right width="9%"><b><font size=2>SIMEC&nbsp;&nbsp;&nbsp;</font></b></td>
    <td align=left width="12%" colspan=2><font size=2>QUARTER:</font></td>
    <td align=right width="3%">
      <div align="center"><font size=2>3</font></div>
    </td>
    <td align=left width="10%">
      <div align="right"><font size=2>YEAR:</font></div>
    </td>
    <td align=right width="9%"><b><font size=2>2010</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="24%" colspan=2><b><font size=2>GRUPO SIMEC, S.A.B. DE C.V.</font></b></td>
    <td align=left width="13%">&nbsp;</td>
    <td align=left width="13%">&nbsp;</td>
    <td align=left width="9%">&nbsp;</td>
    <td align=left width="2%">&nbsp;</td>
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="3%">&nbsp;</td>
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="9%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="15%">&nbsp;</td>
    <td align=left width="9%">&nbsp;</td>
    <td align=left width="13%">&nbsp;</td>
    <td align=left width="13%">&nbsp;</td>
    <td align=left width="9%">&nbsp;</td>
    <td align=left width="2%">&nbsp;</td>
    <td align=left width="10%">&nbsp;</td>
    <td align=left width="3%">&nbsp;</td>
    <td align=left width="19%" colspan=2>
      <div align="right"><b><font size=2>CONSOLIDATED</font></b></div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=center width="93%" colspan=10><b><font size=2>INTEGRATION OF THE PAID SOCIAL CAPITAL STOCK</font></b></td>
  </tr>

  <tr valign=bottom>

    <td align=center width="93%" colspan=10><b><font size=2>CHARACTERISTICS OF THE SHARES</font></b></td>
  </tr>

  <tr>

    <td width="93%" colspan=10>&nbsp;</td>
  </tr>
</table>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 border=1 width="100%" cellpadding="2">

  <TR vAlign=bottom>
    <TD align=left rowspan="2"><b><font size=2>SERIES</font></b></TD>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2> NOMINAL</FONT></B></div>
      <div align="center"><B><FONT size=2>VALUE</FONT></B></div>
    </TD>
    <TD align=right rowspan="2">
      <div align="center"><B><FONT size=2>VALID</FONT></B></div>
      <div align="center"><B><FONT size=2>COUPON</FONT></B></div>
    </TD>
    <TD align=left colspan="4" rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><B><FONT size=2>NUMBER OF SHARES</FONT></B></div>
      <div align="center">&nbsp;</div>
      <div align="center">&nbsp;</div>
      <div align="center">&nbsp;</div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left colSpan=2 rowspan="2">
      <div align="center"><B><FONT size=2>CAPITAL STOCK</FONT></B></div>
      <div align="center"><B><FONT size=2>(Thousands of Pesos)</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR vAlign=bottom>
    <TD align=left rowspan="2">&nbsp;</TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>FIXED</FONT></B></div>
      <div align="center"><B><FONT size=2>PORTION</FONT></B></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>VARIABLE</FONT></B></div>
      <div align="center"><B><FONT size=2>PORTION</FONT></B></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><B><FONT size=2>MEXICAN</FONT></B></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>FREE</FONT></B></div>
      <div align="center"><B><FONT size=2>SUBSCRIPTION</FONT></B></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><B><FONT size=2>FIXED</FONT></B></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center">&nbsp;</div>
      <div align="center"><B><FONT size=2>VARIABLE</FONT></B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>
    </TR>

  <TR vAlign=bottom>
    <td align=left>
      <div align="center"><font size=2>B</font></div>
    </td>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><FONT size=2>90,850,050</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>406,859,164</FONT></div>
    </TD>
    <td align=right>
      <div align="right"><font size=2>0</font></div>
    </td>
    <TD align=left>
      <div align="right"><FONT size=2>497,709,214</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><FONT size=2>441,786</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>1,978,444</FONT></div>
    </TD>
  </TR>

  <TR vAlign=bottom>
    <td align=left>
      <div align="center"><b><font size=2>TOTAL</font></b></div>
    </td>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>
      <div align="right"><B><FONT size=2>90,850,050</FONT></B></div>
    </TD>
    <TD align=left>
      <div align="right"><B><FONT size=2>406,859,164</FONT></B></div>
    </TD>
    <td align=right>
      <div align="right"><b><font size=2>0</font></b></div>
    </td>
    <TD align=left>
      <div align="right"><FONT size=2>497,709,214</FONT></div>
    </TD>
    <TD align=left>
      <div align="right"><B><FONT size=2>441,786</FONT></B></div>
    </TD>
    <TD align=right>
      <div align="right"><B><FONT size=2>1,978,444</FONT></B></div>
    </TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman'" cellSpacing=0 width="100%" border=1 cellpadding="2">

<TR vAlign=bottom>
     <TD align=left width="90%"><B><FONT size=2>TOTAL NUMBER OF SHARES REPRESENTING THE PAID-IN CAPITAL STOCK ON THE DATE OF SENDING THE INFORMATION:</FONT></B></TD>
     <TD align=left width="9%"><FONT size=2>497,709,214</FONT></TD></TR></TABLE><BR>
<HR align=center width="100%" noshade 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;"> MEXICAN STOCK EXCHANGE<BR>
SIFIC / ICS</P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">
<TR valign="bottom">
     <TD align=left width=40%> <FONT size=2>STOCK EXCHANGE CODE:</FONT></TD>

    <TD align=left width=22%>
      <div align="right"><B><FONT size=2>SIMEC&nbsp;&nbsp;&nbsp;</FONT></B></div>
    </TD>

    <TD align=left width=12%>
      <div align="center"><FONT size=2>QUARTER:</FONT></div>
    </TD>
     <TD align=left width=7%> <FONT size=2>3</FONT></TD>
     <TD align=left width=17%> <FONT size=2>YEAR: </FONT><B><FONT size=2>2010</FONT></B></TD> </TR>
<TR valign="bottom">
     <TD align=left width=40%> <B><FONT size=2>GRUPO SIMEC, S.A.B. DE C.V.</FONT></B></TD>
     <TD align=left width=22%>&nbsp; </TD>
     <TD align=left width=12%>&nbsp; </TD>
     <TD align=left width=7%>&nbsp; </TD>
     <TD align=left width=17%>&nbsp; </TD> </TR>
<TR valign="bottom">
     <TD align=left width=40%>&nbsp; </TD>
     <TD align=left width=22%>&nbsp; </TD>
     <TD align=left width=12%>&nbsp; </TD>
     <TD align=left width=7%>&nbsp; </TD>
     <TD align=left width=17%> <B><FONT size=2>CONSOLIDATED</FONT></B></TD> </TR> </TABLE>

<P style="text-align: left;"> <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 border=0 cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;" width=100%>

  <tr valign="bottom">

    <td align=left width=50%>
      <div align="center"><b><font size=2>ING LUIS GARCIA LIMON</font></b></div>
    </td>
    <td align=left width=50%>
      <div align="center"><b><font size=2>C.P. ADOLFO LUNA LUNA</font></b></div>
    </td>
  </tr>

  <tr valign="bottom">

    <td align=left>
      <div align="center"><b><font size=2>CHIEF EXECUTIVE OFFICER</font></b></div>
    </td>
    <td align=left>
      <div align="center"><b><font size=2>CHIEF FINANCIAL OFFICER</font></b></div>
    </td>
  </tr>









</table>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Times New Roman';font-size: 10pt;">





  <TR>

    <TD colspan=2>&nbsp; </TD>
  </TR>

  <TR>

    <TD colspan=2>&nbsp; </TD>
  </TR>

  <TR>

    <TD colspan=2>&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width=99% colspan="2">
      <div align="center"><B><FONT size=2>GUADALAJARA, JAL, AT OCTOBER 29 OF 2010.</FONT></B> </div>
    </TD>
  </TR>

</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
