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<SEC-DOCUMENT>0000891092-11-001100.txt : 20110216
<SEC-HEADER>0000891092-11-001100.hdr.sgml : 20110216
<ACCEPTANCE-DATETIME>20110216143412
ACCESSION NUMBER:		0000891092-11-001100
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110216
FILED AS OF DATE:		20110216
DATE AS OF CHANGE:		20110216

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:		11617073

	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>e42232_6k.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>

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<P style="text-align: center;"> <B><font size="3">UNITED STATES</font></B><font size="3"><BR>

<B>SECURITIES AND EXCHANGE COMMISSION</B></font><B><br>
  </B><B>Washington, D.C. 20549</B><BR>

<BR>

<B>FORM 6-K</B></P>
<P style="text-align: center;"> <B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16</B><BR>
<B>UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>
<P style="text-align: center;"> <B>COMMISSION FILE NUMBER 1-11176</B></P>

<div align="center">For the month of <u>February 16, 20</u>11.<BR>

<BR>

Group Simec, Inc.
</div>
<hr noshade size="1" align="center">
<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 size="1" align="center">
  (Address of principal executive office)
</div>
<P style="text-align: left;"> Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</P>
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    <TD align=left width="25%"> Form 20-F</TD>
    <TD align=left width="25%"><font size="2" face="Times New Roman, Times, serif">|X|</font></TD>
    <TD align=left width="25%"> Form 40-F</TD>
    <TD align=left width="25%"><font size="2" face="Times New Roman, Times, serif"><u>|&nbsp;&nbsp;&nbsp;|</u></font></TD>
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<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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    <td align=left width="25%"> Yes</td>
    <td align=left width="25%"><font size="2" face="Times New Roman, Times, serif"><u>|&nbsp;&nbsp;&nbsp;|</u></font></td>
    <td align=left width="25%"> No</td>
    <td align=left width="25%"><font size="2" face="Times New Roman, Times, serif">|X|</font></td>
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<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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    <td align=left width="25%"> Yes</td>
    <td align=left width="25%"><font size="2" face="Times New Roman, Times, serif"><u>|&nbsp;&nbsp;&nbsp;|</u></font></td>
    <td align=left width="25%"> No</td>
    <td align=left width="25%"><font size="2" face="Times New Roman, Times, serif">|X|</font></td>
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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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    <td align=left width="25%"> Yes</td>
    <td align=left width="25%"><font size="2" face="Times New Roman, Times, serif"><u>|&nbsp;&nbsp;&nbsp;|</u></font></td>
    <td align=left width="25%"> No</td>
    <td align=left width="25%"><font size="2" face="Times New Roman, Times, serif">|X|</font></td>
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<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="60%">&nbsp;</TD>
    <TD align=center colSpan=2>GRUPO SIMEC, S.A.B. de C.V.</TD>
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  <TR vAlign=bottom>
    <TD align=left>&nbsp;</TD>
    <TD align=left colspan="2">
      <hr noshade size="1">
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    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=center>(Registrant)</TD>
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    <TD colSpan=3>&nbsp;</TD>
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    <TD colSpan=3>&nbsp;</TD>
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    <TD colSpan=3>&nbsp;</TD>
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    <TD align=left>Date: February 16, 2011.</TD>
    <TD align=left>By:</TD>
    <TD align=center>/s/ Luis Garc&#237;a Lim&#243;n</TD>
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    <td align=left>&nbsp;</td>
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      <hr noshade size="1">
    </td>
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    <TD align=left>&nbsp;</TD>
    <TD align=left width="6%">Name:</TD>
    <TD align=center>
      <div align="left">Luis Garc&#237;a Lim&#243;n</div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>&nbsp;</TD>
    <TD align=left>Title:</TD>
    <TD align=left>
      <div align="left">Chief Executive Officer</div>
    </TD>
  </TR>
</TABLE>
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<P style="TEXT-ALIGN: left">GUADALAJARA, Mexico, Feb. 16 /PRNewswire-FirstCall/ -- Grupo Simec , S.A.B. de C.V. (AMEX: SIM) ("Simec") announced today its results of operations for the Twelve-month period ended December 31, 2010.</P>
<P style="TEXT-ALIGN: left">Twelve-Months Period Ended December 31, 2010 compared to Twelve-Months Period Ended December 31, 2009</P>
<P style="TEXT-ALIGN: left"><I>Net Sales</I></P>
<P style="TEXT-ALIGN: left">Net sales increased 28% due to increase in shipments
of finished steel products and the average price per ton, the sale rose to Ps.
24,557 million in the twelve-months period ended December 31, 2010 compared to
Ps. 19,232 million in the same period of 2009. Shipments of finished steel
products increase 10% to 2,241 thousand tons in the twelve-months period ended
December 31, 2010 compared to 2,046 thousand tons in the same period of 2009.
Total sales outside of Mexico in the twelve-months period ended December 30,
2010 increased 54% to Ps. 13,777 million, compared with Ps. 8,935 million in the
same period of 2009, while total sales in Mexico increased 5% from Ps. 10,297
million in the twelve-months period ended December 31, 2009 to Ps. 10,780
millions in the same period of 2010. The increase in sales is due to an increase
shipments during the twelve-months period ended December 31, 2010, compared to
the same period in 2009 (195, thousand tons increase). The average price of
steel products increased 17% in the twelve-months period ended December 31, 2010
compared with the same period of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Direct Cost of Sales</I></P>
<P style="TEXT-ALIGN: left">Direct cost of sales increased 20% from Ps. 17,717 million in the twelve-months period ended December 31, 2009 to Ps. 21,256 million in the same period of 2010. Direct cost of sales as a percentage of net sales represented 87% in the twelve-months period ended December 31, 2010 compared to 92% in the same period of 2009. The average cost of finished steel produced increased 10% in the twelve-months period ended December 31, 2010 versus the same period of 2009 this is due to the increase of shipments of steel products in The United States of America.</P>
<P style="TEXT-ALIGN: left"><I>Marginal Profit</I></P>
<P style="TEXT-ALIGN: left">Marginal profit in the twelve-months period ended December 30, 2010 was Ps. 3,301 million compared to Ps. 1,515 million in the same period of 2009. Marginal profit as a percentage of net sales in the twelve-months period ended December 31, 2010 was 13% compared to 8% in the same period of 2009. The increase in the marginal profit is due to an increase in the average price per ton of finished steel products during the twelvemonths period ended December 31, 2010 compared with the same period of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Operating Expenses</I></P>
<P style="TEXT-ALIGN: left">Operating expenses decreased 9% to Ps. 2,094 million in the twelve-months period ended December 31, 2010 compared to Ps. 2,301 million in the same period of 2009, and represented 9% of net sales in the twelvemonths period ended December 2010 and 12% of net sales in the same period of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Operating Income</I></P>
<P style="TEXT-ALIGN: left">Operating income increased 254% to Ps. 1,207 million for the twelve-months period ended December 31, 2010 compared for a loss of Ps. 786 million in the same period of 2009. Operating income as a percentage of net sales was 5% in the twelve-months period ended December 31, 2010 compared to minus 4% in the same period of 2009. The increase in operating income is due to an increase in shipments and average price per ton.</P>
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<P style="TEXT-ALIGN: left">EBITDA</P>
<P style="TEXT-ALIGN: left">The EBITDA at the twelve-months prior ended December 31, of 2010, increase 753% from Ps. 262 million in 2009, to Ps. 2,235 million in 2010, these is due to an increase of shipments of steel products during the 2010, increase in the margin profit and reduction of operating expenses.</P>
<P style="TEXT-ALIGN: left"><I>Comprehensive Financial Cost</I></P>
<P style="TEXT-ALIGN: left">Comprehensive financial cost in the twelve-months period ended December 31, 2010 represented an expense of Ps. 98 million compared with an expense of Ps. 96 million in the same period of 2009. Net interest expenses was Ps. 2 million in the twelve-months period ended December 31, 2010 compared with a net interest expenses of Ps. 18 million in the same period of 2009. At the same time, we registered an exchange loss of Ps. 96 million in the twelve-months period ended December 31, 2010 compared with an exchange loss of Ps. 78 million in the same period of 2009, reflecting a 5% increase in the value of the peso versus the dollar in the twelve-months period ended December 31, 2010 compared to December 31, 2009.</P>
<P style="TEXT-ALIGN: left"><I>Other Expenses (Income) net</I></P>
<P style="TEXT-ALIGN: left">The company recorded other net expenses of Ps. 56 million in the twelve-months period ended December 31, 2010 compared to other income net of Ps. 30 million in the same period of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Income Taxes</I></P>
<P style="TEXT-ALIGN: left">Income Taxes recorded a provision of Ps. 40 million in the twelve-months period ended December 31, 2010 (including the income of deferred income tax of Ps. 183 million) compared with a net income of Ps. 2,045 million in the same period of 2009 (including the income of Ps. 1,404 million of deferred income taxes).</P>
<P style="TEXT-ALIGN: left"><I>Net Income (After Minority Interest)</I></P>
<P style="TEXT-ALIGN: left">As a result of the foregoing, net income increased by 524% to Ps. 1,369 million in the twelve-months period ended December 31, 2010 from a net loss of Ps. 323 million in the same period of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Liquidity and Capital Resources</I></P>
<P style="TEXT-ALIGN: left">As of December 31, 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 December 31, 2010 was U.S. $445,914). 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>
<P style="TEXT-ALIGN: left">Comparative fourth quarter 2010 vs third quarter 2010</P>
<P style="TEXT-ALIGN: left"><I>Net Sales</I></P>
<P style="TEXT-ALIGN: left">Net sales decreased 9% from Ps. 6,182 million in the third quarter of 2010 to Ps. 5,615 million for the fourth quarter of 2010. Sales in tons decreased from 556 thousand ton in the third quarter of 2010 to 522 thousand ton in the fourth quarter of the same period. The total sales outside of Mexico for the fourth quarter of 2010 decreased 13% to Ps. 3,094 million in the fourth quarter compared with Ps. 3,553 million in the third quarter of 2010. Total sales in Mexico decreases form 2,629 million in the third quarter of 2010 compared Ps. 2,521 million in the fourth quarter of 2010. Prices of finished products sold in the fourth quarter of 2010 decreased approximately 3% compared to the third quarter of 2010.</P>
<P style="TEXT-ALIGN: left"><I>Direct Cost of Sales</I></P>
<P style="TEXT-ALIGN: left">Direct cost of sales was Ps. 4,972 million in the fourth quarter of 2010 compared to Ps. 5,511 million for the third quarter of 2010. With respect to sales, in the fourth and third quarter of 2010, the direct cost of sales represents 89%. The average cost of sales by ton decreased 4% in the fourth quarter of 2010 versus the third quarter of 2010, primarily as a result of the blend of finished steel products sales while the cost of production in both quarter are similar.</P>
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<P style="TEXT-ALIGN: left"><I>Marginal Profit</I></P>
<P style="TEXT-ALIGN: left">Marginal profit for the fourth quarter of 2010 decreased 4% to Ps. 643 million compared to Ps. 671 million in the third quarter of 2010. The marginal profit as a percentage of net sales for the fourth and third quarter of 2010 was 11%.</P>
<P style="TEXT-ALIGN: left"><I>Operating Expenses</I></P>
<P style="TEXT-ALIGN: left">Operating expenses decrease 3% to Ps. 535 million in the fourth quarter of 2010 compared to Ps. 551 million for the third quarter of 2010. Operating expenses as a percentage of net sales represented 10% during the fourth quarter of 2010 and 9% during the third quarter of 2010.</P>
<P style="TEXT-ALIGN: left"><I>Operating Income</I></P>
<P style="TEXT-ALIGN: left">Operating income decreased 10% from an operating income of Ps. 120 million in the third quarter of 2010 to Ps. 108 million of operating income for the fourth quarter of 2010. The operating income as a percentage of net sales in the fourth and third quarter of 2010 was 2%. The decrease in operating income is due to down in the shipments of finished steel products and average price sales from third to fourth quarter.</P>
<P style="TEXT-ALIGN: left">EBITDA</P>
<P style="TEXT-ALIGN: left"><I>The EBITDA of the fourth quarter of, 2010 decreased 7% from Ps. 381 million in the third quarter of 2010 to Ps. 356 million in the fourth quarter of 2010 the decrease in the EBITDA is due to the above explained</I></P>
<P style="TEXT-ALIGN: left"><I>Comprehensive Financial Income (Cost</I>)</P>
<P style="TEXT-ALIGN: left">Comprehensive financial cost for the fourth quarter for 2010 was an expense of Ps. 10 million compared with an expense of Ps. 50 million for the third quarter of 2010 net interest expense in the third quarter was of Ps. 4 million, while in the fourth 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. 10 million in the fourth quarter of 2010.</P>
<P style="TEXT-ALIGN: left"><I>Other Expenses (Income) net</I></P>
<P style="TEXT-ALIGN: left">The company recorded other net expense of Ps. 14 million in the fourth quarter of 2010 compared to other net expense of Ps. 6 million for the third quarter of 2010.</P>
<P style="TEXT-ALIGN: left"><I>Income Taxes</I></P>
<P style="TEXT-ALIGN: left">Income Taxes for the fourth quarter of 2010 was an income of Ps. 85 million (including an income tax deferred for Ps. 164 million) compared to an expense of Ps. 58 million for the third quarter of 2010, (including an expense tax deferred of Ps. 27 million).</P>
<P style="TEXT-ALIGN: left"><I>Net Income</I></P>
<P style="TEXT-ALIGN: left">As a result of the foregoing, net income was Ps. 300 million in the fourth quarter of 2010 compared to Ps. 106 million of net income in the third quarter of 2010.</P>
<P style="TEXT-ALIGN: left">Comparative fourth quarter 2010 vs fourth quarter 2009</P>
<P style="TEXT-ALIGN: left"><I>Net Sales</I></P>
<P style="TEXT-ALIGN: left">Net sales increased 13% from Ps. 4,954 million for the fourth quarter of 2009 to Ps. 5,615 million for the fourth quarter of 2010. Sales in tons of finished steel in the fourth quarter of 2010 were 522 thousand tons versus to 518 thousand tons in the fourth quarter of 2009. The total sales outside of Mexico for the fourth quarter of 2010 increased 9% to Ps. 3,094 million compared with Ps. 2,826 million for the fourth quarter of 2009. Total sales in Mexico increase 18% from Ps. 2,521 million in the fourth quarter of 2010 to Ps. 2,128 million in the fourth quarter</P>
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<P style="TEXT-ALIGN: left">of 2009. Prices of finished products sold in the fourth quarter of 2010 increased approximately 12% compared to the fourth quarter of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Direct Cost of Sales</I></P>
<P style="TEXT-ALIGN: left">Direct cost of sales decreased 19% from Ps. 6,107 million in the fourth quarter of 2009 to Ps. 4,972 million for the fourth quarter of 2010. With respect to sales, in the fourth quarter of 2010, the direct cost of sales represents 89% compared to 123% for the fourth quarter of 2009. The average cost of raw materials used to produce steel products decreased 19% in the fourth quarter of 2010 versus the fourth quarter of 2009, basically for a provision of certain raw materials in 2009.</P>
<P style="TEXT-ALIGN: left"><I>Marginal Profit</I></P>
<P style="TEXT-ALIGN: left">Marginal profit for the fourth quarter of 2010 increased 156% to Ps. 643 million compared to a loss of Ps. 1,153 million in the fourth quarter of 2009. The marginal profit as a percentage of net sales for the fourth quarter of 2010 was 11% compared with deficit of 23% for the fourth quarter of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Operating Expenses</I></P>
<P style="TEXT-ALIGN: left">Operating expenses decreased 16% to Ps. 535 million in the fourth quarter of 2010 compared to Ps. 635 million for the fourth quarter of 2009. Operating expenses as a percentage of net sales represented 10% during the fourth quarter of 2010 and 13% during the fourth quarter of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Operating Income</I></P>
<P style="TEXT-ALIGN: left">Operating income was of Ps. 108 million in the fourth quarter of 2010 compared with a loss of Ps. 1,788 million in the fourth quarter of 2009. The operating income as a percentage of net sales in the fourth quarter of 2010 was 2% compared to a deficit of 36% in the fourth quarter of 2009.</P>
<P style="TEXT-ALIGN: left"><I>EBITDA</I></P>
<P style="TEXT-ALIGN: left"><I>The EBITDA from the fourth quarter of 2010 increased 123% from a loss of Ps. 1,552 million in the fourth quarter of 2009 to Ps. 356 million in the fourth quarter of 2010.</I></P>
<P style="TEXT-ALIGN: left"><I>Comprehensive Financial Income (Cost </I>)</P>
<P style="TEXT-ALIGN: left">Comprehensive financial cost for the fourth quarter of 2010 was an expense of Ps. 10 million compared with an expense of Ps. 47 million in the fourth quarter of 2009. Net interest expense was zero in the fourth quarter of 2010 compared with an expense of Ps. 7 million of net interest expense in the fourth quarter of 2009. At the same time we registered an exchange loss of Ps. 10 million in the fourth quarter of 2010 compared with an exchange loss of Ps. 54 million in the fourth quarter of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Other Expenses (Income) net</I></P>
<P style="TEXT-ALIGN: left">The company recorded other net expense of Ps. 14 million in the fourth quarter of 2010 compared with other income net of Ps. 22 million for the fourth quarter of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Income Taxes</I></P>
<P style="TEXT-ALIGN: left">Income Taxes for the fourth quarter of 2010 was an income of Ps. 85 million (including a provision of deferred income tax of Ps. 164 million), compared to Ps. 2,213 million of income for the fourth quarter of 2009, (including a provision of deferred income tax of Ps. 1,419 million).</P>
<P style="TEXT-ALIGN: left"><I>Net Income</I></P>
<P style="TEXT-ALIGN: left">As a result of the foregoing, net income was Ps. 300 million in the fourth quarter of 2010 compared to a loss of Ps. 1,492 million of net income in the fourth quarter of 2009.</P>
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    <TD align=center>
      <div align="left"><font size="1">Millions of pesos</font></div>
    </TD>
    <TD align=center><font size="1">Twelve months ended<br>
      December 31, 2010</font></TD>
    <TD align=center><font size="1">Twelve months ended<br>
      December 31, 2009</font></TD>
    <TD align=center><font size="1">2010<br>
      vs.<BR>

2009</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Sales</font></TD>
    <TD align=right><font size="1">24,557</font></TD>
    <TD align=right><font size="1">19,232</font></TD>
    <TD align=right><font size="1">28%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Cost of Sales</font></TD>
    <TD align=right><font size="1">21,256</font></TD>
    <TD align=right><font size="1">17,717</font></TD>
    <TD align=right><font size="1">20%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Marginal Profit</font></TD>
    <TD align=right><font size="1">3,301</font></TD>
    <TD align=right><font size="1">1,515</font></TD>
    <TD align=right><font size="1">118%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Operating Expenses</font></TD>
    <TD align=right><font size="1">2,094</font></TD>
    <TD align=right><font size="1">2,301</font></TD>
    <TD align=right><font size="1">(9%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Operating Income</font></TD>
    <TD align=right><font size="1">1,207</font></TD>
    <TD align=right><font size="1">-786</font></TD>
    <TD align=right><font size="1">(254%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">EBITDA</font></TD>
    <TD align=right><font size="1">2,235</font></TD>
    <TD align=right><font size="1">262</font></TD>
    <TD align=right><font size="1">753%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Net Profit</font></TD>
    <TD align=right><font size="1">1,094</font></TD>
    <TD align=right><font size="1">-1,175</font></TD>
    <TD align=right><font size="1">(193%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Sales outside Mexico</font></TD>
    <TD align=right><font size="1">13,777</font></TD>
    <TD align=right><font size="1">8,935</font></TD>
    <TD align=right><font size="1">54%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Sales in Mexico</font></TD>
    <TD align=right><font size="1">10,780</font></TD>
    <TD align=right><font size="1">10,297</font></TD>
    <TD align=right><font size="1">5%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Total sales (tons)</font></TD>
    <TD align=right><font size="1">2,241</font></TD>
    <TD align=right><font size="1">2,046</font></TD>
    <TD align=right><font size="1">10%</font></TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=4 border=1>





  <TR vAlign=bottom>

    <TD align=center>
      <div align="left"><font size="1">(Millions of pesos)</font></div>
    </TD>
    <TD align=center><font size="1">4Q '10</font></TD>
    <TD align=center><font size="1">3Q '10</font></TD>
    <TD align=center><font size="1">4Q '09</font></TD>
    <TD align=center><font size="1">4Q'10 vs  3Q'10</font></TD>
    <TD align=center><font size="1">4Q'10 vs 4Q&#180;09</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Sales</font></TD>
    <TD align=right><font size="1">5,615</font></TD>
    <TD align=right><font size="1">6,182</font></TD>
    <TD align=right><font size="1">4,954</font></TD>
    <TD align=right><font size="1">(9%)</font></TD>
    <TD align=right><font size="1">13%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Cost of Sales</font></TD>
    <TD align=right><font size="1">4,972</font></TD>
    <TD align=right><font size="1">5,511</font></TD>
    <TD align=right><font size="1">6,107</font></TD>
    <TD align=right><font size="1">(10%)</font></TD>
    <TD align=right><font size="1">(19%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Marginal Profit</font></TD>
    <TD align=right><font size="1">643</font></TD>
    <TD align=right><font size="1">671</font></TD>
    <TD align=right><font size="1">-1,153</font></TD>
    <TD align=right><font size="1">(4%)</font></TD>
    <TD align=right><font size="1">(156%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Operating Expenses</font></TD>
    <TD align=right><font size="1">535</font></TD>
    <TD align=right><font size="1">551</font></TD>
    <TD align=right><font size="1">635</font></TD>
    <TD align=right><font size="1">(3)%</font></TD>
    <TD align=right><font size="1">(16%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Operating Income</font></TD>
    <TD align=right><font size="1">108</font></TD>
    <TD align=right><font size="1">120</font></TD>
    <TD align=right><font size="1">-1,788</font></TD>
    <TD align=right><font size="1">(10%)</font></TD>
    <TD align=right><font size="1">(106%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">EBITDA</font></TD>
    <TD align=right><font size="1">356</font></TD>
    <TD align=right><font size="1">381</font></TD>
    <TD align=right><font size="1">-1,552</font></TD>
    <TD align=right><font size="1">(7%)</font></TD>
    <TD align=right><font size="1">(123%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Net Profit</font></TD>
    <TD align=right><font size="1">169</font></TD>
    <TD align=right><font size="1">6</font></TD>
    <TD align=right><font size="1">-1,968</font></TD>
    <TD align=right><font size="1">2,717%</font></TD>
    <TD align=right><font size="1">(109%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Sales outside Mexico </font></TD>
    <TD align=left><font size="1">3,094</font></TD>
    <TD align=right><font size="1">3,553</font></TD>
    <TD align=right><font size="1">2,826</font></TD>
    <TD align=right><font size="1">(13%)</font></TD>
    <TD align=right><font size="1">9%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Sales in Mexico</font></TD>
    <TD align=right><font size="1">2,521</font></TD>
    <TD align=right><font size="1">2,629</font></TD>
    <TD align=right><font size="1">2,128</font></TD>
    <TD align=right><font size="1">(4%)</font></TD>
    <TD align=right><font size="1">18%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Total sales (tons)</font></TD>
    <TD align=right><font size="1">522</font></TD>
    <TD align=right><font size="1">556</font></TD>
    <TD align=right><font size="1">518</font></TD>
    <TD align=right><font size="1">(6)%</font></TD>
    <TD align=right><font size="1">1%</font></TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=4 border=1>





  <TR vAlign=bottom>

    <TD align=center>
      <div align="left"><font size="1">Product</font></div>
    </TD>
    <TD align=center><font size="1">Thousands of tons<BR>

12 months ended<BR>

December 31, 2010</font></TD>
    <TD align=center><font size="1">Million of pesos 12<br>

months ended<br>
      December 31, 2010 </font></TD>
    <TD align=center><font size="1">Average price per ton<br>
      12 months ended<br>
      December 31, 2010</font></TD>
    <TD align=center><font size="1">12 months ended<BR>

December 31,2009</font></TD>
    <TD align=center><font size="1">Million of pesos 12<br>

months ended<br>
      December 30, 2009 </font></TD>
    <TD align=center><font size="1">Average price per ton<br>

12 months ended<br>
      December 31, 2009</font></TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left><font size="1">SBQ</font></TD>
    <TD align=right><font size="1">1,187</font></TD>
    <TD align=right><font size="1">15,194</font></TD>
    <TD align=right><font size="1">12,800</font></TD>
    <TD align=right><font size="1">957</font></TD>
    <TD align=right><font size="1">10,681</font></TD>
    <TD align=right><font size="1">11,161</font></TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left><font size="1">Light <br>
      Structural</font></TD>
    <TD align=right><font size="1">1,054</font></TD>
    <TD align=right><font size="1">9,363</font></TD>
    <TD align=right><font size="1">8,883</font></TD>
    <TD align=right><font size="1">1,089</font></TD>
    <TD align=right><font size="1">8,551</font></TD>
    <TD align=right><font size="1">7,852</font></TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left><font size="1">Total</font></TD>
    <TD align=right><font size="1">2,241</font></TD>
    <TD align=right><font size="1">24,557</font></TD>
    <TD align=right><font size="1">10,958</font></TD>
    <TD align=right><font size="1">2,046</font></TD>
    <TD align=right><font size="1">19,232</font></TD>
    <TD align=right><font size="1">9,400</font></TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=4 border=1>







  <TR vAlign=bottom>

    <TD align=center width="56">
      <div align="left"><font size="1">Product</font></div>
    </TD>
    <td align=center width="77"><font size="1">Thousands of<br>
      tons

4Q '10</font></td>
    <TD align=center width="59"><font size="1">Millions of<br>
      pesos

4Q'10</font></TD>
    <TD align=center width="78"><font size="1">Average price<BR>

per ton 4Q'10</font></TD>
    <TD align=center width="82"><font size="1">Thousands of <br>
      tons

3Q '10</font></TD>
    <TD align=center width="58"><font size="1">Millions of<br>
      pesos

3Q'10</font></TD>
    <TD align=center width="78"><font size="1">Average price<BR>

per ton 3Q'10</font></TD>
    <TD align=center width="77"><font size="1">Thousands of<BR>

tons 4Q'09</font></TD>
    <TD align=center width="76"><font size="1">Millions of<br>
      pesos 4Q'09 </font></TD>
    <TD align=center width="78"><font size="1">Average price<br>
      per ton 4Q'09</font></TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left width="56"><font size="1">SBQ</font></TD>
    <TD align=right>
      <font size="1">261</font></TD>
    <TD align=right width="59">
      <div align="right"><font size="1">3,187</font></div>
    </TD>
    <TD align=right width="78">
      <div align="right"><font size="1">12,211</font></div>
    </TD>
    <TD align=left width="82">
      <div align="right"><font size="1">273</font></div>
    </TD>
    <TD align=right width="58">
      <div align="right"><font size="1">3,656</font></div>
    </TD>
    <TD align=right width="78">
      <div align="right"><font size="1">13,392</font></div>
    </TD>
    <TD align=right width="77">
      <div align="right"><font size="1">287</font></div>
    </TD>
    <TD align=left width="76">
      <div align="right"><font size="1">3,264</font></div>
    </TD>
    <TD align=right width="78">
      <div align="right"><font size="1">11,373</font></div>
    </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left width="56"><font size="1">Light<br>
      Structural</font></TD>
    <TD align="right">
      <font size="1">261</font></TD>
    <TD align=right width="59">
      <div align="right"><font size="1">2,428</font></div>
    </TD>
    <TD align=right width="78">
      <div align="right"><font size="1">9,303</font></div>
    </TD>
    <TD align=left width="82">
      <div align="right"><font size="1">283</font></div>
    </TD>
    <TD align=right width="58">
      <div align="right"><font size="1">2.526</font></div>
    </TD>
    <TD align=right width="78">
      <div align="right"><font size="1">8,926</font></div>
    </TD>
    <TD align=right width="77">
      <div align="right"><font size="1">231</font></div>
    </TD>
    <TD align=left width="76">
      <div align="right"><font size="1">1,690</font></div>
    </TD>
    <TD align=right width="78">
      <div align="right"><font size="1">8,974</font></div>
    </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left width="56"><font size="1">Total</font></TD>
    <TD align="right"><font size="1">522</font></TD>
    <TD align=right width="59">
      <div align="right"><font size="1">5,615</font></div>
    </TD>
    <TD align=right width="78">
      <div align="right"><font size="1">10,757</font></div>
    </TD>
    <TD align=left width="82">
      <div align="right"><font size="1">556</font></div>
    </TD>
    <TD align=right width="58">
      <div align="right"><font size="1">6,182</font></div>
    </TD>
    <TD align=right width="78">
      <div align="right"><font size="1">11,119</font></div>
    </TD>
    <TD align=right width="77">
      <div align="right"><font size="1">518</font></div>
    </TD>
    <TD align=left width="76">
      <div align="right"><font size="1">4,954</font></div>
    </TD>
    <TD align=right width="78">
      <div align="right"><font size="1">9,564</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>
<P style="TEXT-ALIGN: center"><B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellspacing=0 cellpadding=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=left colspan=2>STOCK EXCHANGE CODE<b>: SIMEC</b></td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=center colspan=2>QUARTER: 4 YEAR: <b>2010</b></td>
  </tr>

  <tr>

    <td colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>GRUPO SIMEC, S.A.B. DE C.V.</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=center colspan=7><b>CONSOLIDATED FINANCIAL STATEMENT</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7>AT DECEMBER 31 OF 2010 AND 2009</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7>(thousands of Mexican pesos)</td>
  </tr>
</table>
<br>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=2 border=1 width="100%">





  <TR vAlign=top>

    <TD align=center>REF<br>
      S
    </TD>
    <TD align=left>
      <div align="center">CONCEPTS</div>
    </TD>
    <TD align=right colspan="2">
      <div align="center">CURRENT YEAR</div>
      <div align="center"></div>
    </TD>
    <TD align=left colSpan=2>
      <div align="center">PREVIOUS YEAR</div>
    </TD>
  </TR>



  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

    <TD align=right><B>s01</B></TD>
    <TD align=left><B>TOTAL ASSETS</B></TD>
    <TD align=right><B>27,454,547</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>26,883,123</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s02</B></TD>
    <TD align=left><B>CURRENT ASSETS</B></TD>
    <TD align=right><B>13,422,741</B></TD>
    <TD align=right><B>49</B></TD>
    <TD align=right><B>12,477,733</B></TD>
    <TD align=right><B>46</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s03</TD>
    <TD align=left>CASH AND SHORT-TERM INVESTMENTS</TD>
    <TD align=right>3,384,823</TD>
    <TD align=right>12</TD>
    <TD align=right>1,948,900</TD>
    <TD align=right>7</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s04</TD>
    <TD align=left>ACCOUNTS AND NOTES RECEIVABLE (NET)</TD>
    <TD align=right>2,342,092</TD>
    <TD align=right>9</TD>
    <TD align=right>2,062,155</TD>
    <TD align=right>8</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s05</TD>
    <TD align=left>OTHER ACCOUNTS AND NOTES RECEIVABLE</TD>
    <TD align=right>734,413</TD>
    <TD align=right>3</TD>
    <TD align=right>1,477,367</TD>
    <TD align=right>5</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s06</TD>
    <TD align=left>INVENTORIES</TD>
    <TD align=right>6,784,588</TD>
    <TD align=right>25</TD>
    <TD align=right>6,792,064</TD>
    <TD align=right>25</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s07</TD>
    <TD align=left>OTHER CURRENT ASSETS</TD>
    <TD align=right>176,825</TD>
    <TD align=right>1</TD>
    <TD align=right>197,247</TD>
    <TD align=right>1</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s08</B></TD>
    <TD align=left><B>LONG-TERM</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s09</TD>
    <TD align=left>ACCOUNTS AND NOTES RECEIVABLE (NET)</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left valign="top">
      <div align="right">s10</div>
    </TD>
    <TD align=center>
      <div align="left">INVESTMENT IN SHARES OF NON-CONSOLIDATED<br>
        &nbsp;&nbsp;&nbsp;SUBSIDIARIES AND ASSOCIATES</div>
    </TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s11</TD>
    <TD align=left>OTHER INVESTMENTS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s12</B></TD>
    <TD align=left><B>PROPERTY, PLANT AND EQUIPMENT (NET)</B></TD>
    <TD align=right><B>9,531,995</B></TD>
    <TD align=right><B>35</B></TD>
    <TD align=right><B>9,794,942</B></TD>
    <TD align=right><B>36</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s13</TD>
    <TD align=left>LAND AND BULIDINGS</TD>
    <TD align=right>3,800,468</TD>
    <TD align=right>14</TD>
    <TD align=right>3,734,281</TD>
    <TD align=right>14</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s14</TD>
    <TD align=left>MACHINERY AND INDUSTRIAL EQUIPMENT</TD>
    <TD align=right>13,117,147</TD>
    <TD align=right>48</TD>
    <TD align=right>12,973,637</TD>
    <TD align=right>48</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s15</TD>
    <TD align=left>OTHER EQUIPMENT</TD>
    <TD align=right>233,810</TD>
    <TD align=right>1</TD>
    <TD align=right>232,275</TD>
    <TD align=right>1</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s16</TD>
    <TD align=left>ACCUMULATED DEPRECIATION</TD>
    <TD align=right>8,106,865</TD>
    <TD align=right>30</TD>
    <TD align=right>7,504,768</TD>
    <TD align=right>28</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s17</TD>
    <TD align=left>CONSTRUCTION IN PROGRESS</TD>
    <TD align=right>487,435</TD>
    <TD align=right>2</TD>
    <TD align=right>359,517</TD>
    <TD align=right>1</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s18</B></TD>
    <TD align=left><B>OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET)</B></TD>
    <TD align=right><B>4,344,195</B></TD>
    <TD align=right><B>16</B></TD>
    <TD align=right><B>4,468,951</B></TD>
    <TD align=right><B>17</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s19</B></TD>
    <TD align=left><B>OTHER ASSETS</B></TD>
    <TD align=right><B>155,616</B></TD>
    <TD align=right><B>1</B></TD>
    <TD align=right><B>141,497</B></TD>
    <TD align=right><B>1</B></TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s20</B></TD>
    <TD align=left><B>TOTAL LIABILITIES</B></TD>
    <TD align=right><B>6,500,394</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>6,901,229</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s21</B></TD>
    <TD align=left><B>CURRENT LIABILITIES</B></TD>
    <TD align=right><B>3,846,224</B></TD>
    <TD align=right><B>59</B></TD>
    <TD align=right><B>4,067,703</B></TD>
    <TD align=right><B>59</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s22</TD>
    <TD align=left>SUPPLIERS</TD>
    <TD align=right>2,271,826</TD>
    <TD align=right>35</TD>
    <TD align=right>1,896,825</TD>
    <TD align=right>27</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s23</TD>
    <TD align=left>BANK LOANS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s24</TD>
    <TD align=left>STOCK MARKET LOANS</TD>
    <TD align=right>3,732</TD>
    <TD align=right>0</TD>
    <TD align=right>3,944</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s103</TD>
    <TD align=left>OTHER LOANS WITH COST</TD>
    <TD align=right>599,619</TD>
    <TD align=right>9</TD>
    <TD align=right>740,285</TD>
    <TD align=right>11</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s25</TD>
    <TD align=left>TAXES PAYABLE</TD>
    <TD align=right>347,399</TD>
    <TD align=right>5</TD>
    <TD align=right>334,278</TD>
    <TD align=right>5</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s26</TD>
    <TD align=left>OTHER CURRENT LIABILITIES WITHOUT COST</TD>
    <TD align=right>623,648</TD>
    <TD align=right>10</TD>
    <TD align=right>1,092,371</TD>
    <TD align=right>16</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s27</B></TD>
    <TD align=left><B>LONG-TERM LIABILITIES</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s28</TD>
    <TD align=left>BANK LOANS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s29</TD>
    <TD align=left>STOCK MARKET LOANS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s30</TD>
    <TD align=left>OTHER LOANS WITH COST</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s31</B></TD>
    <TD align=left><B>DEFERRED LIABILITIES</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>0</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s32</B></TD>
    <TD align=left><B>OTHER NON-CURRENT LIABILITIES WITHOUT COST</B></TD>
    <TD align=right><B>2,654,170</B></TD>
    <TD align=right><B>41</B></TD>
    <TD align=right><B>2,833,526</B></TD>
    <TD align=right><B>41</B></TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s33</B></TD>
    <TD align=left><B>CONSOLIDATED STOCKHOLDERS&#146; EQUITY</B></TD>
    <TD align=right><B>20,954,153</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>19,981,894</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s34</B></TD>
    <TD align=left><B>MINORITY INTEREST</B></TD>
    <TD align=right><B>1,813,421</B></TD>
    <TD align=right><B>9</B></TD>
    <TD align=right><B>2,191,358</B></TD>
    <TD align=right><B>11</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s35</B></TD>
    <TD align=left><B>MAJORITY INTEREST</B></TD>
    <TD align=right><B>19,140,732</B></TD>
    <TD align=right><B>91</B></TD>
    <TD align=right><B>17,790,536</B></TD>
    <TD align=right><B>89</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s36</B></TD>
    <TD align=left><B>CONTRIBUTED CAPITAL</B></TD>
    <TD align=right><B>8,350,900</B></TD>
    <TD align=right><B>40</B></TD>
    <TD align=right><B>8,350,900</B></TD>
    <TD align=right><B>42</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>S79</TD>
    <TD align=left>CAPITAL STOCK</TD>
    <TD align=right>4,142,696</TD>
    <TD align=right>20</TD>
    <TD align=right>4,142,696</TD>
    <TD align=right>21</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s39</TD>
    <TD align=left>PREMIUM ON ISSUANCE OF SHARES</TD>
    <TD align=right>4,208,204</TD>
    <TD align=right>20</TD>
    <TD align=right>4,208,204</TD>
    <TD align=right>21</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s40</TD>
    <TD align=left>CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s41</B></TD>
    <TD align=left><B>EARNED CAPITAL</B></TD>
    <TD align=right><B>10,789,832</B></TD>
    <TD align=right><B>51</B></TD>
    <TD align=right><B>9,439,636</B></TD>
    <TD align=right><B>47</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s42</TD>
    <TD align=left>RETAINED EARNINGS AND CAPITAL RESERVES</TD>
    <TD align=right>10,444,938</TD>
    <TD align=right>50</TD>
    <TD align=right>9,075,705</TD>
    <TD align=right>45</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s44</TD>
    <TD align=left>OTHER ACCUMULATED COMPREHENSIVE RESULT</TD>
    <TD align=right>344,894</TD>
    <TD align=right>2</TD>
    <TD align=right>363,931</TD>
    <TD align=right>2</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s80</TD>
    <TD align=left>SHARES REPURCHASED</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>
</TABLE>
<BR>
<HR align=center width="100%" noshade SIZE=5>
<!-- *************************************************************************** -->
<DIV title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></DIV>
<!-- -->
<BR>
<P style="TEXT-ALIGN: left"><B>MEXICAN STOCK EXCHANGE</B></P>
<P style="TEXT-ALIGN: center"><B>SIFIC / ICS</B></P>
<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellspacing=0 cellpadding=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=left colspan=2>STOCK EXCHANGE CODE<b>: SIMEC</b></td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=right colspan=2>QUARTER: 4 YEAR: <b>2010</b></td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>GRUPO SIMEC, S.A.B. DE C.V.</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=center colspan=7><b>CONSOLIDATED FINANCIAL STATEMENT</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7>BREAKDOWN OF MAIN CONCEPTS</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7>(thousands of Mexican pesos)</td>
  </tr>

  <tr>

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



  <TR vAlign=top>

    <TD align=center>
      <div align="center"><B>REF<br>
      S
      </B></div>
    </TD>
    <TD align=left>
      <div align="center"><B>CONCEPTS</B></div>
    </TD>
    <TD align=right colspan="2">
      <div align="center"><B>CURRENT YEAR</B></div>
      <div align="center"></div>
    </TD>
    <TD align=right colSpan=2>
      <div align="center"><B>PREVIOUS YEAR</B></div>
    </TD>
  </TR>



  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

    <TD align=left><B>s03</B></TD>
    <TD align=left><B>CASH AND SHORT-TERM INVESTMENTS</B></TD>
    <TD align=right><B>3,384,823</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>1,948,900</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s46</TD>
    <TD align=left>CASH</TD>
    <TD align=right>769,305</TD>
    <TD align=right>23</TD>
    <TD align=right>1,109,012</TD>
    <TD align=right>57</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s47</TD>
    <TD align=left>SHORT-TERM INVESTMENTS</TD>
    <TD align=right>2,615,518</TD>
    <TD align=right>77</TD>
    <TD align=right>839,888</TD>
    <TD align=right>43</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B>s07</B></TD>
    <TD align=left><B>OTHER CURRENT ASSETS</B></TD>
    <TD align=right><B>176,825</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>197,247</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s81</TD>
    <TD align=left>DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s82</TD>
    <TD align=left>DISCONTINUED OPERATIONS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s83</TD>
    <TD align=left>OTHER</TD>
    <TD align=right>176,825</TD>
    <TD align=right>100</TD>
    <TD align=right>197,247</TD>
    <TD align=right>100</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B>s18</B></TD>
    <TD align=left><B>OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET)</B></TD>
    <TD align=right><B>4,344,195</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>4,468,951</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s48</TD>
    <TD align=left>DEFERRED EXPENSES</TD>
    <TD align=right>2,534,622</TD>
    <TD align=right>58</TD>
    <TD align=right>2,574,564</TD>
    <TD align=right>58</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s49</TD>
    <TD align=left>GOODWILL</TD>
    <TD align=right>1,798,160</TD>
    <TD align=right>41</TD>
    <TD align=right>1,798,160</TD>
    <TD align=right>40</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s51</TD>
    <TD align=left>OTHER</TD>
    <TD align=right>11,413</TD>
    <TD align=right>0</TD>
    <TD align=right>96,227</TD>
    <TD align=right>2</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B>s19</B></TD>
    <TD align=left><B>OTHER ASSETS</B></TD>
    <TD align=right><B>155,616</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>141,497</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s84</TD>
    <TD align=left>INTANGIBLE ASSET FROM LABOR OBLIGATIONS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s85</TD>
    <TD align=left>DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s50</TD>
    <TD align=left>DEFERRED TAXES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s86</TD>
    <TD align=left>DISCONTINUED OPERATIONS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s87</TD>
    <TD align=left>OTHER</TD>
    <TD align=right>155,616</TD>
    <TD align=right>100</TD>
    <TD align=right>141,497</TD>
    <TD align=right>100</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B>s21</B></TD>
    <TD align=left><B>CURRENT LIABILITIES</B></TD>
    <TD align=right><B>3,846,224</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>4,067,703</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s52</TD>
    <TD align=left>FOREIGN CURRENCY LIABILITIES</TD>
    <TD align=right>2,774,682</TD>
    <TD align=right>72</TD>
    <TD align=right>2,530,335</TD>
    <TD align=right>62</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s53</TD>
    <TD align=left>MEXICAN PESOS LIABILITIES</TD>
    <TD align=right>1,071,542</TD>
    <TD align=right>28</TD>
    <TD align=right>1,537,368</TD>
    <TD align=right>38</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B>s26</B></TD>
    <TD align=left><B>OTHER CURRENT LIABILITIES WITHOUT COST</B></TD>
    <TD align=right><B>623,648</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>1,092,371</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s88</TD>
    <TD align=left>DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD align=right>91,775</TD>
    <TD align=right>15</TD>
    <TD align=right>216,753</TD>
    <TD align=right>20</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s89</TD>
    <TD align=left>INTEREST LIABILITIES</TD>
    <TD align=right>5,486</TD>
    <TD align=right>1</TD>
    <TD align=right>5,461</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s68</TD>
    <TD align=left>PROVISIONS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s90</TD>
    <TD align=left>DISCONTINUED OPERATIONS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s58</TD>
    <TD align=left>OTHER CURRENT LIABILITIES</TD>
    <TD align=right>526,387</TD>
    <TD align=right>84</TD>
    <TD align=right>870,157</TD>
    <TD align=right>80</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B>s27</B></TD>
    <TD align=left><B>LONG-TERM LIABILITIES</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s59</TD>
    <TD align=left>FOREIGN CURRENCY LIABILITIES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s60</TD>
    <TD align=left>MEXICAN PESOS LIABILITIES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B>s31</B></TD>
    <TD align=left><B>DEFERRED LIABILITIES</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s65</TD>
    <TD align=left>NEGATIVE GOODWILL</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s67</TD>
    <TD align=left>OTHER</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B>s32</B></TD>
    <TD align=left><B>OTHER NON CURRENT LIABILITIES WITHOUT COST</B></TD>
    <TD align=right><B>2,654,170</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>2,833,526</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s66</TD>
    <TD align=left>DEFERRED TAXES</TD>
    <TD align=right>2,562,123</TD>
    <TD align=right>97</TD>
    <TD align=right>2,737,770</TD>
    <TD align=right>97</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s91</TD>
    <TD align=left>OTHER LIABILITIES IN RESPECT OF SOCIAL INSURANCE</TD>
    <TD align=right>43,518</TD>
    <TD align=right>2</TD>
    <TD align=right>33,140</TD>
    <TD align=right>1</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s92</TD>
    <TD align=left>DISCONTINUED OPERATIONS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>s69</TD>
    <TD align=left>OTHER LIABILITIES</TD>
    <TD align=right>48,529</TD>
    <TD align=right>2</TD>
    <TD align=right>62,616</TD>
    <TD align=right>2</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B>s79</B></TD>
    <TD align=left><B>CAPITAL STOCK</B></TD>
    <TD align=right><B>4,142,696</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>4,142,696</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

    <TD align=left>s69</TD>
    <TD align=left>RESTATEMENT OF CAPITAL STOCK</TD>
    <TD align=right>1,722,466</TD>
    <TD align=right>42</TD>
    <TD align=right>1,722,466</TD>
    <TD align=right>42</TD>
  </TR>
</TABLE>
<BR>
<HR 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: 'Arial'" cellspacing=0 cellpadding=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center colspan=7><b>MEXICAN STOCK EXCHANGE</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7><b>SIFIC / ICS</b></td>
  </tr>

  <tr>

    <td colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>STOCK EXCHANGE CODE<b>: SIMEC</b></td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=right colspan=2>QUARTER: 4 YEAR: <b>2010</b></td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>GRUPO SIMEC, S.A.B. DE C.V.</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=center colspan=7><b>CONSOLIDATED FINANCIAL STATEMENT</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7>BREAKDOWN OF MAIN CONCEPTS</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7>(thousands of Mexican pesos)</td>
  </tr>

  <tr>

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



  <TR vAlign=top>

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



  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=right>
      <div align="center"><B>AMOUNT</B></div>
    </TD>
    <TD align=left>
      <div align="center"><b>%</b></div>
    </TD>
    <TD align=right>
      <div align="center"><B>AMOUNT</B></div>
    </TD>
    <TD align=right>
      <div align="center"><B>%</B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s42</B></TD>
    <TD align=left><B>RETAINED EARNINGS AND CAPITAL RESERVES</B></TD>
    <TD align=right><B>10,444,938</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>9,075,705</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s93</TD>
    <TD align=left>LEGAL RESERVE</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s43</TD>
    <TD align=left>RESERVE FOR REPURCHASE OF SHARES</TD>
    <TD align=right>200,612</TD>
    <TD align=right>2</TD>
    <TD align=right>200,612</TD>
    <TD align=right>2</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s94</TD>
    <TD align=left>OTHER RESERVES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s95</TD>
    <TD align=left>RETAINED EARNINGS</TD>
    <TD align=right>8,875,093</TD>
    <TD align=right>85</TD>
    <TD align=right>9,198,031</TD>
    <TD align=right>101</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s45</TD>
    <TD align=left>NET INCOME FOR THE YEAR</TD>
    <TD align=right>1,369,233</TD>
    <TD align=right>13</TD>
    <TD align=right>(322,938)</TD>
    <TD align=right>(4)</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>s44</B></TD>
    <TD align=left><B>OTHER ACCUMULATED COMPREHENSIVE RESULT</B></TD>
    <TD align=right><B>344,894</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>363,931</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s70</TD>
    <TD align=left>ACCUMULATED MONETARY RESULT</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s71</TD>
    <TD align=left>RESULT FROM HOLDING NON-MONETARY ASSETS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left valign="top">
      <div align="right">s96</div>
    </TD>
    <TD align=left>CUMULATIVE RESULT FROM FOREIGN CURRENCY<br>
      TRANSLATION</TD>
    <TD align=right>408,543</TD>
    <TD align=right>118</TD>
    <TD align=right>515,658</TD>
    <TD align=right>142</TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left valign="top">
      <div align="right">s97</div>
    </TD>
    <TD align=left>CUMULATIVE RESULT FROM DERIVATIVE FINANCIAL<br>
      INSTRUMENTS</TD>
    <TD align=right>(63,649)</TD>
    <TD align=right>(18)</TD>
    <TD align=right>(151,727)</TD>
    <TD align=right>(42)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s98</TD>
    <TD align=left>CUMULATIVE EFFECT OF DEFERRED INCOME TAXES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s99</TD>
    <TD align=left>LABOR OBLIGATION ADJUSTMENT</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>s100</TD>
    <TD align=left>OTHER</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>
</TABLE>
<BR>
<HR 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: 'Arial'" cellspacing=0 cellpadding=0 border=0 width="100%">



  <tr valign=bottom>

    <td align=center colspan=4><b>MEXICAN STOCK EXCHANGE</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4><b>SIFIC / ICS</b></td>
  </tr>

  <tr>

    <td colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>STOCK EXCHANGE CODE<b>: SIMEC</b></td>
    <td align=left>&nbsp;</td>
    <td align=right>QUARTER: 4 YEAR: <b>2010</b></td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>GRUPO SIMEC, S.A. DE C.V.</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4><b>BALANCE SHEETS</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4>OTHER CONCEPTS</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4>(thousands of Mexican pesos)</td>
  </tr>

  <tr>

    <td colspan=4>&nbsp;</td>
  </tr>


























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





















  <TR vAlign=bottom>

    <TD align=center>
      <div align="center"><B>REF<br>
      S
      </B></div>
    </TD>
    <TD align=left valign="top">
      <div align="center"><B>CONCEPTS</B></div>
    </TD>
    <TD align=center valign="top">
      <div align="center"><B>CURRENT YEAR</B></div>
    </TD>
    <TD align=center valign="top">
      <div align="center"><B>PREVIOUS YEAR</B></div>
    </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=center>
      <div align="center"><B>AMOUNT</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>AMOUNT</B></div>
    </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=center>S72</TD>
    <TD align=left>WORKING CAPITAL</TD>
    <TD align=right>9,576,517</TD>
    <TD align=right>8,410,030</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>S73</TD>
    <TD align=left>PENSIONS FUND AND SENIORITY PREMIUMS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>S74</TD>
    <TD align=left>EXECUTIVES (*)</TD>
    <TD align=right>54</TD>
    <TD align=right>56</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>S75</TD>
    <TD align=left>EMPLOYERS (*)</TD>
    <TD align=right>1,443</TD>
    <TD align=right>1,564</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>S76</TD>
    <TD align=left>WORKERS (*)</TD>
    <TD align=right>2,864</TD>
    <TD align=right>2,758</TD>
  </TR>

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

    <TD align=center>S78</TD>
    <TD align=left>REPURCHASED SHARES (*)</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>S101</TD>
    <TD align=left>RESTRICTED CASH</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>S102</TD>
    <TD align=left>NET DEBT OF NON CONSOLIDATED COMPANIES</TD>
    <TD align=right>599,619</TD>
    <TD align=right>0</TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=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></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: 'Arial'" cellspacing=0 cellpadding=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center colspan=7><b>MEXICAN STOCK EXCHANGE</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7><b>SIFIC / ICS</b></td>
  </tr>

  <tr>

    <td colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>STOCK EXCHANGE CODE<b>: SIMEC</b></td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=right colspan=2>QUARTER: 4 YEAR: <b>2010</b></td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>GRUPO SIMEC, S.A.B. DE C.V.</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=center colspan=7><b>STATEMENTS OF INCOME</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7>FROM JANUARY 1 TO DECEMBER 31 OF 2010 AND 2009</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7>(thousands of Mexican pesos)</td>
  </tr>

  <tr>

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



  <TR vAlign=bottom>

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



  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

    <TD align=right><B>r01</B></TD>
    <TD align=left><B>NET SALES</B></TD>
    <TD align=right><B>24,556,595</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>19,231,529</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r02</TD>
    <TD align=left>COST OF SALES</TD>
    <TD align=right>21,255,453</TD>
    <TD align=right>87</TD>
    <TD align=right>17,716,754</TD>
    <TD align=right>92</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>r03</B></TD>
    <TD align=left><B>GROSS PROFIT</B></TD>
    <TD align=right><B>3,301,142</B></TD>
    <TD align=right><B>13</B></TD>
    <TD align=right><B>1,514,775</B></TD>
    <TD align=right><B>8</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r04</TD>
    <TD align=left>OPERATING EXPENSES</TD>
    <TD align=right>2,093,683</TD>
    <TD align=right>9</TD>
    <TD align=right>2,300,982</TD>
    <TD align=right>12</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>r05</B></TD>
    <TD align=left><B>OPERATING INCOME</B></TD>
    <TD align=right><B>1,207,459</B></TD>
    <TD align=right><B>5</B></TD>
    <TD align=right><B>(786,207)</B></TD>
    <TD align=right><B>(4)</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r08</TD>
    <TD align=left>OTHER INCOME AND (EXPENSE), NET</TD>
    <TD align=right>(55,587)</TD>
    <TD align=right>0</TD>
    <TD align=right>(2,338,009)</TD>
    <TD align=right>(12)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r06</TD>
    <TD align=left>COMPREHENSIVE FINANCING RESULT</TD>
    <TD align=right>(98,065)</TD>
    <TD align=right>0</TD>
    <TD align=right>(96,298)</TD>
    <TD align=right>0</TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left valign="top">
      <div align="right">r12</div>
    </TD>
    <TD align=left>EQUITY IN NET INCOME OF NON-CONSOLIDATED SUBSIDIARIES<br>
      AND ASSOCIATES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r48</TD>
    <TD align=left>NON ORDINARY ITEMS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>r09</B></TD>
    <TD align=left><B>INCOME BEFORE INCOME TAXES</B></TD>
    <TD align=right><B>1,053,807</B></TD>
    <TD align=right><B>4</B></TD>
    <TD align=right><B>(3,220,514)</B></TD>
    <TD align=right><B>(17)</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r10</TD>
    <TD align=left>INCOME TAXES</TD>
    <TD align=right>(40,452)</TD>
    <TD align=right>0</TD>
    <TD align=right>(2,045,402)</TD>
    <TD align=right>(11)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>r11</B></TD>
    <TD align=left><B>INCOME (LOSS) BEFORE DISCONTINUED OPERATIONS</B></TD>
    <TD align=right><B>1,094,259</B></TD>
    <TD align=right><B>4</B></TD>
    <TD align=right><B>(1,175,112)</B></TD>
    <TD align=right><B>(6)</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r14</TD>
    <TD align=left>DISCONTINUED OPERATIONS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>r18</B></TD>
    <TD align=left><B>NET CONSOLIDATED INCOME</B></TD>
    <TD align=right><B>1,094,259</B></TD>
    <TD align=right><B>4</B></TD>
    <TD align=right><B>(1,175,112)</B></TD>
    <TD align=right><B>(6)</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r19</TD>
    <TD align=left>NET INCOME OF MINORITY INTEREST</TD>
    <TD align=right>(274,974)</TD>
    <TD align=right>(1)</TD>
    <TD align=right>(852,174)</TD>
    <TD align=right>(4)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r20</TD>
    <TD align=left>NET INCOME OF MAJORITY INTEREST</TD>
    <TD align=right><B>1,369,233</B></TD>
    <TD align=right><B>6</B></TD>
    <TD align=right><B>(322,938)</B></TD>
    <TD align=right><B>(2)</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>
<!-- -->
<BR>

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

  <tr valign=bottom>

    <td align=center colspan=7><b>MEXICAN STOCK EXCHANGE</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7><b>SIFIC / ICS</b></td>
  </tr>

  <tr>

    <td colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>STOCK EXCHANGE CODE<b>: SIMEC</b></td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=right colspan=2>QUARTER: 4 YEAR: <b>2010</b></td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>GRUPO SIMEC, S.A.B. DE C.V.</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=center colspan=7><b>STATEMENTS OF INCOME</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7>BREAKDOWN OF MAIN CONCEPTS</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7>(thousands of Mexican pesos)</td>
  </tr>

  <tr>

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



  <TR vAlign=top>

    <TD align=right>
      <div align="center"><B>REF<br>
      R
      </B></div>
    </TD>
    <TD align=left>
      <div align="center"><B>CONCEPTS</B></div>
    </TD>
    <TD align=right colspan="2">
      <div align="center"><B>CURRENT YEAR</B></div>
      <div align="center"></div>
    </TD>
    <TD align=right colSpan=2>
      <div align="center"><B>PREVIOUS YEAR</B></div>
    </TD>
  </TR>



  <TR vAlign=top>

    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=right>
      <div align="center"><B>AMOUNT</B></div>
    </TD>
    <TD align=left>
      <div align="center"><b>%</b></div>
    </TD>
    <TD align=right>
      <div align="center"><B>AMOUNT</B></div>
    </TD>
    <TD align=right>
      <div align="center"><B>%</B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>r01</B></TD>
    <TD align=left><B>NET SALES</B></TD>
    <TD align=right><B>24,556,595</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>19,231,529</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r21</TD>
    <TD align=left>DOMESTIC</TD>
    <TD align=right>10,779,898</TD>
    <TD align=right>44</TD>
    <TD align=right>10,296,834</TD>
    <TD align=right>54</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r22</TD>
    <TD align=left>FOREIGN</TD>
    <TD align=right>13,776,697</TD>
    <TD align=right>56</TD>
    <TD align=right>8,934,695</TD>
    <TD align=right>46</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r23</TD>
    <TD align=left>TRANSLATED INTO DOLLARS (***)</TD>
    <TD align=right>1,114,881</TD>
    <TD align=right>5</TD>
    <TD align=right>660,671</TD>
    <TD align=right>3</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>r08</B></TD>
    <TD align=left><B>OTHER INCOME AND (EXPENSE), NET</B></TD>
    <TD align=right><B>(55,587)</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>(2,338,009)</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r49</TD>
    <TD align=left>OTHER INCOME AND (EXPENSE), NET</TD>
    <TD align=right>(55,587)</TD>
    <TD align=right>100</TD>
    <TD align=right>(2,330,747)</TD>
    <TD align=right>100</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r34</TD>
    <TD align=left>EMPLOYEES&#146; PROFIT SHARING EXPENSES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>7,262</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r35</TD>
    <TD align=left>DEFERRED EMPLOYEES&#146; PROFIT SHARING</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>r06</B></TD>
    <TD align=left><B>COMPREHENSIVE FINANCING RESULT</B></TD>
    <TD align=right><B>(98,065)</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>(96,298)</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r24</TD>
    <TD align=left>INTEREST EXPENSE</TD>
    <TD align=right>13,916</TD>
    <TD align=right>(14)</TD>
    <TD align=right>48,644</TD>
    <TD align=right>(51)</TD>
  </TR>

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

    <TD align=right>r45</TD>
    <TD align=left>OTHER FINANCE COSTS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r26</TD>
    <TD align=left>INTEREST INCOME</TD>
    <TD align=right>12,058</TD>
    <TD align=right>(12)</TD>
    <TD align=right>30,775</TD>
    <TD align=right>(32)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r46</TD>
    <TD align=left>OTHER FINANCIAL PRODUCTS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r25</TD>
    <TD align=left>FOREIGN EXCHANGE GAIN (LOSS), NET</TD>
    <TD align=right>(96,207)</TD>
    <TD align=right>98</TD>
    <TD align=right>(78,429)</TD>
    <TD align=right>81</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r28</TD>
    <TD align=left>RESULT FROM MONETARY POSITION</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r10</TD>
    <TD align=left>INCOME TAXES</TD>
    <TD align=right><B>(40,452)</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>(2,045,402)</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r32</TD>
    <TD align=left>INCOME TAX</TD>
    <TD align=right>142,491</TD>
    <TD align=right>(352)</TD>
    <TD align=right>(641,742)</TD>
    <TD align=right>31</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r33</TD>
    <TD align=left>DEFERRED INCOME TAX</TD>
    <TD align=right>(182,943)</TD>
    <TD align=right>452</TD>
    <TD align=right>(1,403,660)</TD>
    <TD align=right>69</TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=0 border=0>
<TR>
     <TD vAlign=top nowrap width="2%">(***)&nbsp; &nbsp; &nbsp; </TD>
     <TD width="98%">THOUSANDS OF DOLLARS </TD></TR></TABLE>
<HR align=center width="100%" noshade SIZE=5>
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<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellspacing=0 cellpadding=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center colspan=4><b>MEXICAN STOCK EXCHANGE</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4><b>SIFIC / ICS</b></td>
  </tr>

  <tr>

    <td colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>STOCK EXCHANGE CODE<b>: SIMEC</b></td>
    <td align=left>&nbsp;</td>
    <td align=right>QUARTER: 4 YEAR: <b>2010</b></td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>GRUPO SIMEC, S.A.B. DE C.V.</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4><b>STATEMENTS OF INCOME</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4>OTHER CONCEPTS</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4>(thousands of Mexican pesos)</td>
  </tr>

  <tr>

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



  <TR vAlign=top>

    <TD align=center><B>REF<br>
      R
      </B></TD>
    <TD align=left><B>CONCEPTS</B></TD>
    <TD align=center><B>CURRENT YEAR</B></TD>
    <TD align=center><B>PREVIOUS YEAR</B></TD>
  </TR>



  <TR vAlign=top>

    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=center><B>AMOUNT</B></TD>
    <TD align=center><B>AMOUNT</B></TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=center>r36</TD>
    <TD align=left>TOTAL SALES</TD>
    <TD align=right>25,775,855</TD>
    <TD align=right>19,884,915</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>r37</TD>
    <TD align=left>TAX RESULT FOR THE YEAR</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>r38</TD>
    <TD align=left>NET SALES (**)</TD>
    <TD align=right>24,556,595</TD>
    <TD align=right>19,231,529</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>r39</TD>
    <TD align=left>OPERATION INCOME (**)</TD>
    <TD align=right>1,207,459</TD>
    <TD align=right>(786,207)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>r40</TD>
    <TD align=left>NET INCOME OF MAJORITY INTEREST (**)</TD>
    <TD align=right>1,369,233</TD>
    <TD align=right>(322,938)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>r41</TD>
    <TD align=left>NET CONSOLIDATED INCOME (**)</TD>
    <TD align=right>1,094,259</TD>
    <TD align=right>(1,175,112)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>r47</TD>
    <TD align=left>OPERATIVE DEPRECIATION AND AMORTIZATION</TD>
    <TD align=right>1,028,422</TD>
    <TD align=right>1,047,882</TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=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></TABLE>
<HR align=center width="100%" noshade SIZE=5>
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<BR>

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

  <tr valign=bottom>

    <td align=center colspan=7><b>MEXICAN STOCK EXCHANGE</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7><b>SIFIC / ICS</b></td>
  </tr>

  <tr>

    <td colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>STOCK EXCHANGE CODE<b>: SIMEC</b></td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=right colspan=2>QUARTER: 4 YEAR: <b>2010</b></td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>GRUPO SIMEC, S.A.B. DE C.V.</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=center colspan=7><b>QUARTERLY STATEMENTS OF INCOME</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7>FROM JANUARY 1 TO DECEMBER 31 OF 2010 AND 2009</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7>(thousands of Mexican pesos)</td>
  </tr>

  <tr>

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



  <TR vAlign=top>

    <TD align=center>
      <div align="center"><B>REF<br>
      R
      </B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>CATEGORIES</B></div>
    </TD>
    <TD align=right colspan="2">
      <div align="center"><B>CURRENT YEAR</B></div>
      <div align="center"></div>
    </TD>
    <TD align=right colSpan=2>
      <div align="center"><B>PREVIOUS YEAR</B></div>
    </TD>
  </TR>



  <TR vAlign=top>

    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=right>
      <div align="center"><B>AMOUNT</B></div>
    </TD>
    <TD align=left>
      <div align="center"><b>%</b></div>
    </TD>
    <TD align=right>
      <div align="center"><B>AMOUNT</B></div>
    </TD>
    <TD align=right>
      <div align="center"><B>%</B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>r01</B></TD>
    <TD align=left><B>NET SALES</B></TD>
    <TD align=right><B>5,615,028</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>4,954,253</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r02</TD>
    <TD align=left>COST OF SALES</TD>
    <TD align=right>4,972,230</TD>
    <TD align=right>89</TD>
    <TD align=right>6,106,843</TD>
    <TD align=right>123</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>r03</B></TD>
    <TD align=left><B>GROSS PROFIT</B></TD>
    <TD align=right><B>642,798</B></TD>
    <TD align=right><B>11</B></TD>
    <TD align=right><B>(1,152,590)</B></TD>
    <TD align=right><B>(23)</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r04</TD>
    <TD align=left>OPERATING EXPENSES</TD>
    <TD align=right>534,773</TD>
    <TD align=right>10</TD>
    <TD align=right>635,643</TD>
    <TD align=right>13</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>r05</B></TD>
    <TD align=left><B>OPERATING INCOME</B></TD>
    <TD align=right><B>108,025</B></TD>
    <TD align=right><B>2</B></TD>
    <TD align=right><B>(1,788,233)</B></TD>
    <TD align=right><B>(36)</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r08</TD>
    <TD align=left>OTHER INCOME AND (EXPENSE), NET</TD>
    <TD align=right>(13,689)</TD>
    <TD align=right>0</TD>
    <TD align=right>(2,345,808)</TD>
    <TD align=right>(47)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r06</TD>
    <TD align=left>COMPREHENSIVE FINANCING RESULT</TD>
    <TD align=right>(9,913)</TD>
    <TD align=right>0</TD>
    <TD align=right>(47,,114)</TD>
    <TD align=right>0</TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left valign="top">
      <div align="right">r12</div>
    </TD>
    <TD align=left>EQUITY IN NET INCOME OF NON-CONSOLIDATED SUBSIDIARIES<br>
      AND ASSOCIATES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r48</TD>
    <TD align=left>NON ORDINARY ITEMS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>r09</B></TD>
    <TD align=left><B>INCOME BEFORE INCOME TAXES</B></TD>
    <TD align=right><B>84,423</B></TD>
    <TD align=right><B>2</B></TD>
    <TD align=right><B>(4,181,155)</B></TD>
    <TD align=right><B>(84)</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r10</TD>
    <TD align=left>INCOME TAXES</TD>
    <TD align=right>(85,088)</TD>
    <TD align=right>(2)</TD>
    <TD align=right>(2,213,464)</TD>
    <TD align=right>(45)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>r11</B></TD>
    <TD align=left><B>INCOME (LOSS) BEFORE DISCONTINUED OPERATIONS</B></TD>
    <TD align=right><B>169,511</B></TD>
    <TD align=right><B>3</B></TD>
    <TD align=right><B>(1,967,691)</B></TD>
    <TD align=right><B>(40)</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r14</TD>
    <TD align=left>DISCONTINUED OPERATIONS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>r18</B></TD>
    <TD align=left><B>NET CONSOLIDATED INCOME</B></TD>
    <TD align=right><B>169,511</B></TD>
    <TD align=right><B>3</B></TD>
    <TD align=right><B>(1,967,,691)</B></TD>
    <TD align=right><B>(40)</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r19</TD>
    <TD align=left>NET INCOME OF MINORITY INTEREST</TD>
    <TD align=right>(130,979)</TD>
    <TD align=right>(2)</TD>
    <TD align=right>(475,521)</TD>
    <TD align=right>(10)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>r20</TD>
    <TD align=left>NET INCOME OF MAJORITY INTEREST</TD>
    <TD align=right><B>300,490</B></TD>
    <TD align=right><B>5</B></TD>
    <TD align=right><B>(1,492,170)</B></TD>
    <TD align=right><B>(30)</B></TD>
  </TR>
</TABLE>
<BR>
<HR align=center width="100%" noshade SIZE=5>
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<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellspacing=0 cellpadding=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center colspan=7><b>MEXICAN STOCK EXCHANGE</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7><b>SIFIC / ICS</b></td>
  </tr>

  <tr>

    <td colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>STOCK EXCHANGE CODE<b>: SIMEC</b></td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=right colspan=2>QUARTER: 4 YEAR: <b>2010</b></td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>GRUPO SIMEC, S.A.B. DE C.V.</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=center colspan=7><b>QUARTERLY STATEMENTS OF INCOME</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7>BREAKDOWN OF MAIN CONCEPTS</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7>(thousands of Mexican pesos)</td>
  </tr>

  <tr>

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



  <TR vAlign=top>

    <TD align=right>
      <div align="center"><B>REF<br>
      R
      </B></div>
    </TD>
    <TD align=left>
      <div align="center"><B>CONCEPTS</B></div>
    </TD>
    <TD align=right colspan="2">
      <div align="center"><B>CURRENT YEAR</B></div>
      <div align="center"></div>
    </TD>
    <TD align=right colSpan=2>
      <div align="center"><B>PREVIOUS YEAR</B></div>
    </TD>
  </TR>



  <TR vAlign=top>

    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=right>
      <div align="center"><B>AMOUNT</B></div>
    </TD>
    <TD align=left>
      <div align="center"><b>%</b></div>
    </TD>
    <TD align=right>
      <div align="center"><B>AMOUNT</B></div>
    </TD>
    <TD align=right>
      <div align="center"><B>%</B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>rt01</B></TD>
    <TD align=left><B>NET SALES</B></TD>
    <TD align=right><B>5,615,028</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>4,954,253</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>rt21</TD>
    <TD align=left>DOMESTIC</TD>
    <TD align=right>2,520,920</TD>
    <TD align=right>45</TD>
    <TD align=right>2,128,140</TD>
    <TD align=right>43</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>rt22</TD>
    <TD align=left>FOREIGN</TD>
    <TD align=right>3,094,108</TD>
    <TD align=right>55</TD>
    <TD align=right>2,826,113</TD>
    <TD align=right>57</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>rt23</TD>
    <TD align=left>TRANSLATED INTO DOLLARS (***)</TD>
    <TD align=right>250,391</TD>
    <TD align=right>4</TD>
    <TD align=right>213,433</TD>
    <TD align=right>4</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>rt08</B></TD>
    <TD align=left><B>OTHER INCOME AND (EXPENSE), NET</B></TD>
    <TD align=right><B>(13,689)</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>(2,345,808)</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>rt49</TD>
    <TD align=left>OTHER INCOME AND (EXPENSE), NET</TD>
    <TD align=right>(13,689)</TD>
    <TD align=right>100</TD>
    <TD align=right>(2,338,546)</TD>
    <TD align=right>100</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>rt34</TD>
    <TD align=left>EMPLOYEES&#146; PROFIT SHARING EXPENSES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>7,262</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>rt35</TD>
    <TD align=left>DEFERRED EMPLOYEES&#146; PROFIT SHARING</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right><B>rt06</B></TD>
    <TD align=left><B>COMPREHENSIVE FINANCING RESULT</B></TD>
    <TD align=right><B>(9,913)</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>(47,114)</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>rt24</TD>
    <TD align=left>INTEREST EXPENSE</TD>
    <TD align=right>3,511</TD>
    <TD align=right>(35)</TD>
    <TD align=right>3,148</TD>
    <TD align=right>(7)</TD>
  </TR>

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

    <TD align=right>rt45</TD>
    <TD align=left>OTHER FINANCE COSTS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>rt26</TD>
    <TD align=left>INTEREST INCOME</TD>
    <TD align=right>3,899</TD>
    <TD align=right>(39)</TD>
    <TD align=right>9,820</TD>
    <TD align=right>(21)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>rt46</TD>
    <TD align=left>OTHER FINANCIAL PRODUCTS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>rt25</TD>
    <TD align=left>FOREIGN EXCHANGE GAIN (LOSS), NET</TD>
    <TD align=right>(10,301)</TD>
    <TD align=right>104</TD>
    <TD align=right>(53,786)</TD>
    <TD align=right>114</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>rt28</TD>
    <TD align=left>RESULT FROM MONETARY POSITION</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>rt10</TD>
    <TD align=left>INCOME TAXES</TD>
    <TD align=right><B>(85,088)</B></TD>
    <TD align=right><B>100</B></TD>
    <TD align=right><B>(2,213,464)</B></TD>
    <TD align=right><B>100</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>rt32</TD>
    <TD align=left>INCOME TAX</TD>
    <TD align=right>79,032</TD>
    <TD align=right>(93)</TD>
    <TD align=right>(794,416)</TD>
    <TD align=right>36</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>rt33</TD>
    <TD align=left>DEFERRED INCOME TAX</TD>
    <TD align=right>(164,120)</TD>
    <TD align=right>193</TD>
    <TD align=right>(1,419,048)</TD>
    <TD align=right>64</TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=0 border=0>
<TR>
     <TD vAlign=top nowrap width="2%">(***)&nbsp; &nbsp; &nbsp; </TD>
     <TD width="98%">THOUSANDS OF DOLLARS </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: 'Arial'" cellspacing=0 cellpadding=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center colspan=4><b>MEXICAN STOCK EXCHANGE</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4><b>SIFIC / ICS</b></td>
  </tr>

  <tr>

    <td colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>STOCK EXCHANGE CODE<b>: SIMEC</b></td>
    <td align=left>QUARTER:</td>
    <td align=left>4 YEAR: <b>2010</b></td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>GRUPO SIMEC, S.A.B. DE C.V.</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4><b>QUARTERLY STATEMENTS OF INCOME</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4>OTHER CONCEPTS</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4>(thousands of Mexican pesos)</td>
  </tr>

  <tr>

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


  <TR vAlign=top>

    <TD align=center>
      <div align="center"><B>REF<br>
      RT
      </B></div>
    </TD>
    <TD align=left>
      <div align="center"><B>CONCEPTS</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>CURRENT<br>
        YEAR</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>PREVIOUS<br>
        YEAR
        </B></div>
    </TD>
  </TR>



  <TR vAlign=top>

    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=center>
      <div align="center"><B>AMOUNT</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>AMOUNT</B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="right">rt47</div>
    </TD>
    <TD align=left>OPERATIVE DEPRECIATION AND AMORTIZATION</TD>
    <TD align=left>
      <div align="right">248,184</div>
    </TD>
    <TD align=left>
      <div align="right">236,076</div>
    </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>
<!-- -->
<BR>

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

  <tr valign=bottom>

    <td align=center colspan=4><b>MEXICAN STOCK EXCHANGE</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4><b>SIFIC / ICS</b></td>
  </tr>

  <tr>

    <td colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>STOCK EXCHANGE CODE<b>: SIMEC</b></td>
    <td align=left>&nbsp;</td>
    <td align=right>QUARTER: 4 YEAR:<b>2010</b></td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>GRUPO SIMEC, S.A.B. DE C.V.</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4><b>STATE OF CASH FLOW DIRECT METHOD)</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4>FROM JANUARY 1 TO DECEMBER 31 OF 2010 AND 2009</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4>(thousands of pesos)</td>
  </tr>

  <tr>

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



  <TR vAlign=top>

    <TD align=center>
      <div align="center"><B>REF<br>
      C
      </B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>CONCEPTS</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>CURRENT YEAR</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>PREVIOUS YEAR</B></div>
    </TD>
  </TR>



  <TR vAlign=top>

    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=right>
      <div align="center"><B>AMOUNT</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>AMOUNT</B></div>
    </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left>&nbsp;</TD>
    <TD align=left><B>ACTIVITIES OF OPERATION</B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center><B>e01</B></TD>
    <TD align=left><B>INCOME (LOSS) BEFORE INCOME TAXES</B></TD>
    <TD align=right><B>1,053,807</B></TD>
    <TD align=right><B>-3,220,514</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e02</TD>
    <TD align=left>+ (-) ITEMS NOT REQUIRING CASH</TD>
    <TD align=right>0</TD>
    <TD align=right>165,573</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e03</TD>
    <TD align=left>+ (-) ITEMS RELATED TO INVESTING ACTIVITIES</TD>
    <TD align=right>1,026,742</TD>
    <TD align=right>3,384,918</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e04</TD>
    <TD align=left>+ (-) ITEMS RELATED TO FINANCING ACTIVITIES</TD>
    <TD align=right>13,916</TD>
    <TD align=right>48,644</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center><B>e05</B></TD>
    <TD align=left><B>CASH FLOW BEFORE INCOME TAX</B></TD>
    <TD align=right><B>2,094,465</B></TD>
    <TD align=right><B>378,621</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e06</TD>
    <TD align=left>CASH FLOW PROVIDED OR USED IN OPERATION</TD>
    <TD align=right>217,250</TD>
    <TD align=right>780,880</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center><B>e07</B></TD>
    <TD align=left><B>CASH FLOW PROVIDED OF OPERATING ACTIVITIES</B></TD>
    <TD align=right><B>2,311,715</B></TD>
    <TD align=right><B>1,159,501</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>&nbsp;</TD>
    <TD align=left><B>INVESTMENT ACTIVITIES</B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e08</TD>
    <TD align=left>NET CASH FLOW FROM INVESTING ACTIVITIES</TD>
    <TD align=right>(743,601)</TD>
    <TD align=right>(225,517)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center><B>e09</B></TD>
    <TD align=left><B>CASH FLOW AFTER INVESTING ACTIVITIES</B></TD>
    <TD align=right><B>1,568,114</B></TD>
    <TD align=right><B>933,984</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>&nbsp;</TD>
    <TD align=left><B>FINANCING ACTIVITIES</B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e10</TD>
    <TD align=left>NET CASH FROM FINANCING ACTIVITIES</TD>
    <TD align=right>(131,423)</TD>
    <TD align=right>438,579</TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left valign="top">
      <div align="center"><b>e11</b></div>
    </TD>
    <TD align=left><B>NET (DECREASE) INCREASE IN CASH AND CASH<br>
      EQUIVALENTS</B></TD>
    <TD align=right><B>1,436,691</B></TD>
    <TD align=right><B>1,372,563</B></TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left valign="top">
      <div align="center"><b>e12</b></div>
    </TD>
    <TD align=left><B>TRANSLATION DIFFERENCES IN CASH AND CASH<br>
      EQUIVALENTS</B></TD>
    <TD align=right><B>(768)</B></TD>
    <TD align=right><B>(404)</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e13</TD>
    <TD align=left>CASH AND CASH EQUIVALENTS AT THE BEGINNING OF PERIOD</TD>
    <TD align=right>1,948,900</TD>
    <TD align=right>576,741</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center><B>e14</B></TD>
    <TD align=left><B>CASH AND CASH EQUIVALENTS AT THE END OF PERIOD</B></TD>
    <TD align=right><B>3,384,823</B></TD>
    <TD align=right><B>1,948,900</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>
<!-- -->
<BR>

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

  <tr valign=bottom>

    <td align=center colspan=4><b>MEXICAN STOCK EXCHANGE</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4><b>SIFIC / ICS</b></td>
  </tr>

  <tr>

    <td colspan=4>&nbsp;</td>
  </tr>

  <tr>

    <td colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>STOCK EXCHANGE CODE<b>: SIMEC</b></td>
    <td align=left>&nbsp;</td>
    <td align=right>QUARTER: 4 YEAR: <b>2010</b></td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>GRUPO SIMEC, S.A.B. DE C.V.</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4><b>STATE OF CASH FLOW (INDIRECT METHOD)</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4>BREAKDOWN OF MAIN CONCEPTS</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4>(thousands of pesos)</td>
  </tr>

  <tr>

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



  <TR vAlign=top>

    <TD align=center>
      <div align="center"><B>REF<br>
      C
      </B></div>
    </TD>
    <TD align=left>
      <div align="center"><B>CONCEPTS</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>CURRENT YEAR</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>PREVIOUS YEAR</B></div>
    </TD>
  </TR>



  <TR vAlign=top>

    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=center>
      <div align="center"><B>AMOUNT</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>AMOUNT</B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center><B>e02</B></TD>
    <TD align=left><B>+ (-) ITEMS NOT REQUIRING CASH</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>165,573</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e15</TD>
    <TD align=left>+ ESTIMATES FOR THE PERIOD</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e16</TD>
    <TD align=left>+ PROVISIONS FOR THE PERIOD</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e17</TD>
    <TD align=left>+ (-) OTHER UNREALIZED ITEMS</TD>
    <TD align=right>0</TD>
    <TD align=right>165,573</TD>
  </TR>

  <TR>

    <TD colSpan=4>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center><B>e03</B></TD>
    <TD align=left><B>+ (-) ITEMS RELATED TO INVESTING ACTIVITIES</B></TD>
    <TD align=right><B>1,026,742</B></TD>
    <TD align=right><B>3,384,918</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e18</TD>
    <TD align=left>+ DEPRECIATION AND AMORTIZATION FOR THE PERIOD</TD>
    <TD align=right>1,028,422</TD>
    <TD align=right>1,047,882</TD>
  </TR>

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

    <TD align=center>e20</TD>
    <TD align=left>+ IMPAIRMENT LOSS</TD>
    <TD align=right>0</TD>
    <TD align=right>2,368,000</TD>
  </TR>

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

    <TD align=center>e22</TD>
    <TD align=left>(-) DIVIDENDS RECEIVED</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e23</TD>
    <TD align=left>(-) INTEREST INCOME</TD>
    <TD align=right>(12,058)</TD>
    <TD align=right>.(30,964)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e24</TD>
    <TD align=left>(-) + OTHER ITEMS</TD>
    <TD align=right>10,378</TD>
    <TD align=right>0</TD>
  </TR>

  <TR>

    <TD colSpan=4>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center><B>e04</B></TD>
    <TD align=left><B>+ (-) ITEMS RELATED TO FINANCING ACTIVITIES</B></TD>
    <TD align=right><B>13,916</B></TD>
    <TD align=right><B>48,644</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e25</TD>
    <TD align=left>+ ACCRUED INTEREST</TD>
    <TD align=right>13,916</TD>
    <TD align=right>48,644</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e26</TD>
    <TD align=left>+ (-) OTHER ITEMS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR>

    <TD colSpan=4>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center><B>e06</B></TD>
    <TD align=left><B>CASH FLOW PROVIDED OR USED IN OPERATION</B></TD>
    <TD align=right><B>217,250</B></TD>
    <TD align=right><B>780,880</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e27</TD>
    <TD align=left>+ (-) DECREASE (INCREASE) IN ACCOUNTS RECEIVABLE</TD>
    <TD align=right>(329,526)</TD>
    <TD align=right>630,548</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e28</TD>
    <TD align=left>+ (-) DECREASE (INCREASE) IN INVENTORIES</TD>
    <TD align=right>(263,193)</TD>
    <TD align=right>1,864,306</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e29</TD>
    <TD align=left>+ (-)DECREASE (INCREASE) IN IN OTHER ACCOUNT RECEIVABLES</TD>
    <TD align=right>734,766</TD>
    <TD align=right>128,228</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e30</TD>
    <TD align=left>+ (-) INCREASE DECREASE IN SUPPLIERS</TD>
    <TD align=right>460,334</TD>
    <TD align=right>(1,338,235)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e31</TD>
    <TD align=left>+ (-)INCREASE DECREASE IN OTHER LIABILITIES</TD>
    <TD align=right>(334,727)</TD>
    <TD align=right>(286,682)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e32</TD>
    <TD align=left>+ (-) INCOME TAXES PAID OR RETURNED</TD>
    <TD align=right>(50,404)</TD>
    <TD align=right>(217,285)</TD>
  </TR>

  <TR>

    <TD colSpan=4>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center><B>e08</B></TD>
    <TD align=left><B>NET CASH FLOW FROM INVESTING ACTIVITIES</B></TD>
    <TD align=right><B>(743,601)</B></TD>
    <TD align=right><B>(225,517)</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e33</TD>
    <TD align=left>(-) PERMANENT INVESTMENT IN SHARES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e34</TD>
    <TD align=left>+ DISPOSITION OF PERMANENT INVESTMENT IN SHARES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e35</TD>
    <TD align=left>(-) INVESTMENT IN PROPERTY PLANT AND EQUIPMENT</TD>
    <TD align=right>(503,811)</TD>
    <TD align=right>(263,207)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e36</TD>
    <TD align=left>+ SALE OF PROPERTY PLANT AND EQUIPMENT</TD>
    <TD align=right>0</TD>
    <TD align=right>6,114</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e37</TD>
    <TD align=left>(-) INVESTMENT IN INTANGIBLE ASSETS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e38</TD>
    <TD align=left>+ DISPOSITION OF INTANGIBLE ASSETS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e39</TD>
    <TD align=left>+ OTHER PERMANENT INVESTMENTS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e40</TD>
    <TD align=left>+ DISPOSITION OF OTHER PERMANENT INVESTMENTS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e41</TD>
    <TD align=left>+ DIVIDEND RECEIVED</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e42</TD>
    <TD align=left>+ INTEREST RECEIVED</TD>
    <TD align=right>12,058</TD>
    <TD align=right>30,758</TD>
  </TR>

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

    <TD align=center>e44</TD>
    <TD align=left>+ (-) OTHER ITEMS</TD>
    <TD align=right>(251,848)</TD>
    <TD align=right>818</TD>
  </TR>

  <TR>

    <TD colSpan=4>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center><B>e10</B></TD>
    <TD align=left><B>NET CASH FRON FINANCING ACTIVITIES</B></TD>
    <TD align=right><B>(131,423)</B></TD>
    <TD align=right><B>(438,579)</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e45</TD>
    <TD align=left>+ BANK FINANCING</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e46</TD>
    <TD align=left>+ STOCK MARKET FINANCING</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e47</TD>
    <TD align=left>+ OTHER FINANCING</TD>
    <TD align=right>323,720</TD>
    <TD align=right>1,189,850</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e48</TD>
    <TD align=left>(-) BANK FINANCING AMORTIZATION</TD>
    <TD align=right>0</TD>
    <TD align=right>(8,800)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e49</TD>
    <TD align=left>(-) STOCK MARKET FINANCING AMORTIZATION</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e50</TD>
    <TD align=left>(-) OTHER FINANCING AMORTIZATION</TD>
    <TD align=right>(442,688)</TD>
    <TD align=right>(702,219)</TD>
  </TR>

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

    <TD align=center>e52</TD>
    <TD align=left>(-) DIVIDENS PAID</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e53</TD>
    <TD align=left>+ PREMIUM ON ISSUANCE OF SHARES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e54</TD>
    <TD align=left>+ CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e55</TD>
    <TD align=left>(-) INTEREST EXPENSE</TD>
    <TD align=right>(12,455)</TD>
    <TD align=right>(33,252)</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e56</TD>
    <TD align=left>(-) REPURCHASE OF SHARES</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>e57</TD>
    <TD align=left>+ (-) OTHER ITEMS</TD>
    <TD align=right>0</TD>
    <TD align=right>0</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: 'Arial'" cellspacing=0 cellpadding=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center colspan=4><b>MEXICAN STOCK EXCHANGE</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4><b>SIFIC / ICS</b></td>
  </tr>

  <tr>

    <td colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>STOCK EXCHANGE CODE<b>: SIMEC</b></td>
    <td align=left>&nbsp;</td>
    <td align=center>
      <div align="right">QUARTER: 4 YEAR: <b>2010</b></div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>GRUPO SIMEC, S.A.B. DE C.V.</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4><b>DATE PER SHARE</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4>CONSOLIDATED</td>
  </tr>

  <tr>

    <td colspan=4>&nbsp;</td>
  </tr>

  <tr>

    <td colspan=4>&nbsp;</td>
  </tr>
</table>
<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellspacing=0 cellpadding=2 border=1 width="100%">



  <tr valign=bottom>

    <td align=center><b>REF<br>
      </b><b>D</b></td>
    <td align=left valign="top">
      <div align="center"><b>CATEGORIES</b></div>
    </td>
    <td align=center valign="top"><b>QUARTER OF PRESENT</b><b><br>
      FINANCIAL YEAR</b></td>
    <td align=center valign="top"><b>QUARTER OF PREVIOUS</b><b><br>
      FINANCIAL YEAR</b></td>
  </tr>



  <tr>

    <td colspan=4>&nbsp;</td>
  </tr>

  <tr>

    <td colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center>d01</td>
    <td align=left>BASIC PROFIT PER ORDINARY SHARE (**)</td>
    <td align=left>
      <div align="center">$&nbsp;&nbsp; 2.75</div>
    </td>
    <td align=left>
      <div align="center">$&nbsp;&nbsp; 0.65</div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=center>d02</td>
    <td align=left>BASIC PROFIT PER PREFERRED SHARE (**)</td>
    <td align=left>
      <div align="center">$&nbsp;&nbsp; 0.00</div>
    </td>
    <td align=left>
      <div align="center">$&nbsp;&nbsp; 0.00</div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=center>d03</td>
    <td align=left>DILUTED PROFIT PER ORDINARY SHARE (**)</td>
    <td align=left>
      <div align="center">$&nbsp;&nbsp; 0.00</div>
    </td>
    <td align=left>
      <div align="center">$&nbsp;&nbsp; 0.00</div>
    </td>
  </tr>



  <tr valign=bottom>

    <td align=left valign="top">
      <div align="center">d04</div>
    </td>
    <td align=left>EARNINGS (LOSS) BEFORE DISCONTINUED OPERATIONS PER
      COMMON SHARE (**)</td>
    <td align=center>
      <div align="center">$&nbsp;&nbsp; 2.75</div>
    </td>
    <td align=left>
      <div align="center">$&nbsp; &nbsp;0.65</div>
    </td>
  </tr>



  <tr valign=bottom>

    <td align=left valign="top">
      <div align="center">d05</div>
    </td>
    <td align=left>DISCONTINUED OPERATIONS EFFECT ON EARNING (LOSS) PER
      SHARE (**)</td>
    <td align=left>
      <div align="center">$&nbsp;&nbsp; 0.00</div>
    </td>
    <td align=left>
      <div align="center">$&nbsp;&nbsp; 0.00</div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=center>d08</td>
    <td align=left>CARRYING VALUE PER SHARE</td>
    <td align=left>
      <div align="center">$ 38.46</div>
    </td>
    <td align=left>
      <div align="center">$ 35.74</div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=center>d09</td>
    <td align=left>CASH DIVIDEND ACCUMULATED PER SHARE</td>
    <td align=left>
      <div align="center">$&nbsp; &nbsp;0.00</div>
    </td>
    <td align=left>
      <div align="center">$&nbsp;&nbsp; 0.00</div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=center>d10</td>
    <td align=left>DIVIDEND IN SHARES PER SHARE</td>
    <td align=left>
      <div align="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.00 shares</div>
    </td>
    <td align=left>
      <div align="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.00 shares</div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=center>d11</td>
    <td align=left>MARKET PRICE TO CARRYING VALUE</td>
    <td align=left>
      <div align="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.81 times</div>
    </td>
    <td align=left>
      <div align="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.02 times</div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=center>d12</td>
    <td align=left>MARKET PRICE TO BASIC PROFIT PER ORDINARY SHARE</td>
    <td align=left>
      <div align="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.83 times</div>
    </td>
    <td align=left>
      <div align="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(55.93) times</div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=center valign="top">d13</td>
    <td align=left>MARKET PRICE TO BASIC PROFIT PER PREFERENT SHARE (**)</td>
    <td align=left>
      <div align="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.00 times</div>
    </td>
    <td align=center>
      <div align="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.00 times</div>
    </td>
  </tr>
</table>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=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></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: 'Arial'" cellspacing=0 cellpadding=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center colspan=4><b>MEXICAN STOCK EXCHANGE</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4><b>SIFIC / ICS</b></td>
  </tr>

  <tr>

    <td colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>STOCK EXCHANGE CODE<b>: SIMEC</b></td>
    <td align=left>&nbsp;</td>
    <td align=left>
      <div align="right">QUARTER: 4 YEAR: <b>2010</b></div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>GRUPO SIMEC, S.A.B. DE C.V.</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4><b>RATIOS</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4>CONSOLIDATED</td>
  </tr>

  <tr>

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



  <TR vAlign=top>

    <TD align=center rowspan="2">
      <div align="center"><B>REF<br>
      </B><B>P</B></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><B>CATEGORIES</B></div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><B>QUARTER OF PRESENT<br>
      </B><B>FINANCIAL YEAR</B></div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><B>QUARTER OF PREVIOUS</B><B><br>
      FINANCIAL YEAR</B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    </TR>

  <TR>

    <TD colSpan=4>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

    <TD align=center>p01</TD>
    <TD align=left>NET INCOME TO NET SALES</TD>
    <TD align=center>4.46%</TD>
    <TD align=center>(6.11)%</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p02</TD>
    <TD align=left>NET INCOME TO STOCKHOLDERS&#146; EQUITY (**)</TD>
    <TD align=center>5.22%</TD>
    <TD align=center>(5.88)%</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p03</TD>
    <TD align=left>NET INCOME TO TOTAL ASSETS (**)</TD>
    <TD align=center>3.99%</TD>
    <TD align=center>(4.37)%</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p04</TD>
    <TD align=left>CASH DIVIDENDS TO PREVIOUS YEAR NET INCOME</TD>
    <TD align=center>0.00%</TD>
    <TD align=center>0.00%</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p05</TD>
    <TD align=left>INCOME DUE TO MONETARY POSITION TO NET INCOME</TD>
    <TD align=center>0.00%</TD>
    <TD align=center>0.00%</TD>
  </TR>

  <TR>

    <TD colSpan=4>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>&nbsp;</TD>
    <TD align=left><B>ACTIVITY</B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p06</TD>
    <TD align=left>NET SALES TO NET ASSETS (**)</TD>
    <TD align=center>0.89 times</TD>
    <TD align=center>0.72 times</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p07</TD>
    <TD align=left>NET SALES TO FIXED ASSETS (**)</TD>
    <TD align=center>2.58 times</TD>
    <TD align=center>1.96 times</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p08</TD>
    <TD align=left>INVENTORIES TURNOVER (**)</TD>
    <TD align=center>3.13 times</TD>
    <TD align=center>2.61 times</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p09</TD>
    <TD align=left>ACCOUNTS RECEIVABLE IN DAYS OF SALES</TD>
    <TD align=center>30 days</TD>
    <TD align=center>33 days</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p10</TD>
    <TD align=left>PAID INTEREST TO TOTAL LIABILITIES WITH COST (**)</TD>
    <TD align=center>2.31%</TD>
    <TD align=center>6.65%</TD>
  </TR>

  <TR>

    <TD colSpan=4>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>&nbsp;</TD>
    <TD align=left><B>LEVERAGE</B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p11</TD>
    <TD align=left>TOTAL LIABILITIES TO TOTAL ASSETS</TD>
    <TD align=center>23.68%</TD>
    <TD align=center>25.67%</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p12</TD>
    <TD align=left>TOTAL LIABILITIES TO STOCKHOLDERS&#146; EQUITY</TD>
    <TD align=center>0.31 times</TD>
    <TD align=center>0.35 times</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p13</TD>
    <TD align=left>FOREIGN CURRENCY LIABILITIES TO TOTAL LIABILITIES</TD>
    <TD align=center>42.68%</TD>
    <TD align=center>36.66%</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p14</TD>
    <TD align=left>LONG-TERM LIABILITIES TO FIXED ASSETS</TD>
    <TD align=center>0.00%</TD>
    <TD align=center>0.00%</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p15</TD>
    <TD align=left>OPERATING INCOME TO INTEREST PAID</TD>
    <TD align=center>86.77 times</TD>
    <TD align=center>(16.16) times</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p16</TD>
    <TD align=left>NET SALES TO TOTAL LIABILITIES (**)</TD>
    <TD align=center>3.78 times</TD>
    <TD align=center>2.79 times</TD>
  </TR>

  <TR>

    <TD colSpan=4>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>&nbsp;</TD>
    <TD align=left><B>LIQUIDITY</B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p17</TD>
    <TD align=left>CURRENT ASSETS TO CURRENT LIABILITIES</TD>
    <TD align=center>3.49 times</TD>
    <TD align=center>3.07 times</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p18</TD>
    <TD align=left>CURRENT ASSETS LESS INVENTORY TO CURRENT LIABILITIES</TD>
    <TD align=center>1.73 times</TD>
    <TD align=center>1.40 times</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p19</TD>
    <TD align=left>CURRENT ASSETS TO TOTAL LIABILITIES</TD>
    <TD align=center>2.06 times</TD>
    <TD align=center>1.81 times</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center>p20</TD>
    <TD align=left>AVAILABLE ASSETS TO CURRENT LIABILITIES</TD>
    <TD align=center>88.00%</TD>
    <TD align=center>47.91%</TD>
  </TR>
</TABLE>
<BR>
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  <TR>

    <TD width="39%"></TD>
    <TD width="40%"></TD>
    <TD width="20%"></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center colSpan=3><B>MEXICAN STOCK EXCHANGE</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left colspan="3">
      <div align="center"><B>SIFIC / ICS</B></div>
    </TD>
  </TR>

  <TR>

    <TD colSpan=3>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>STOCK EXCHANGE CODE<B>: SIMEC</B></TD>
    <TD align=left colspan="2">
      <div align="right">QUARTER: 4&nbsp;&nbsp;YEAR: <b>2010</b></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left colspan="3">
      <div align="center"><B>DIRECTOR REPORT</B></div>
    </TD>
  </TR>

  <TR>

    <TD colSpan=3>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

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

<P style="TEXT-ALIGN: left">Twelve-Months Period Ended December 31, 2010 compared to Twelve-Months Period Ended December 31, 2009</P>
<P style="TEXT-ALIGN: left"><I>Net Sales</I></P>
<P style="TEXT-ALIGN: left">Net sales increased 28% due to increase in shipments
of finished steel products and the average price per ton, the sale rose to Ps.
24,557 million in the twelve-months period ended December 31, 2010 compared to
Ps. 19,232 million in the same period of 2009. Shipments of finished steel
products increase 10% to 2,241 thousand tons in the twelve-months period ended
December 31, 2010 compared to 2,046 thousand tons in the same period of 2009.
Total sales outside of Mexico in the twelve-months period ended December 30,
2010 increased 54% to Ps. 13,777 million, compared with Ps. 8,935 million in the
same period of 2009, while total sales in Mexico increased 5% from Ps. 10,297
million in the twelve-months period ended December 31, 2009 to Ps. 10,780
millions in the same period of 2010. The increase in sales is due to an increase
shipments during the twelve-months period ended December 31, 2010, compared to
the same period in 2009 (195, thousand tons increase). The average price of
steel products increased 17% in the twelve-months period ended December 31, 2010
compared with the same period of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Direct Cost of Sales</I></P>
<P style="TEXT-ALIGN: left">Direct cost of sales increased 20% from Ps. 17,717 million in the twelve-months period ended December 31, 2009 to Ps. 21,256 million in the same period of 2010. Direct cost of sales as a percentage of net sales represented 87% in the twelve-months period ended December 31, 2010 compared to 92% in the same period of 2009. The average cost of finished steel produced increased 10% in the twelve-months period ended December 31, 2010 versus the same period of 2009 this is due to the increase of shipments of steel products in The United States of America.</P>
<P style="TEXT-ALIGN: left"><I>Marginal Profit</I></P>
<P style="TEXT-ALIGN: left">Marginal profit in the twelve-months period ended December 30, 2010 was Ps. 3,301 million compared to Ps. 1,515 million in the same period of 2009. Marginal profit as a percentage of net sales in the twelve-months period ended December 31, 2010 was 13% compared to 8% in the same period of 2009. The increase in the marginal profit is due to an increase in the average price per ton of finished steel products during the twelvemonths period ended December 31, 2010 compared with the same period of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Operating Expenses</I></P>
<P style="TEXT-ALIGN: left">Operating expenses decreased 9% to Ps. 2,094 million in the twelve-months period ended December 31, 2010 compared to Ps. 2,301 million in the same period of 2009, and represented 9% of net sales in the twelvemonths period ended December 2010 and 12% of net sales in the same period of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Operating Income</I></P>
<P style="TEXT-ALIGN: left">Operating income increased 254% to Ps. 1,207 million for the twelve-months period ended December 31, 2010 compared for a loss of Ps. 786 million in the same period of 2009. Operating income as a percentage of net sales was 5% in the twelve-months period ended December 31, 2010 compared to minus 4% in the same period of 2009. The increase in operating income is due to an increase in shipments and average price per ton.</P>
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<P style="TEXT-ALIGN: left">EBITDA</P>
<P style="TEXT-ALIGN: left">The EBITDA at the twelve-months prior ended December 31, of 2010, increase 753% from Ps. 262 million in 2009, to Ps. 2,235 million in 2010, these is due to an increase of shipments of steel products during the 2010, increase in the margin profit and reduction of operating expenses.</P>
<P style="TEXT-ALIGN: left"><I>Comprehensive Financial Cost</I></P>
<P style="TEXT-ALIGN: left">Comprehensive financial cost in the twelve-months period ended December 31, 2010 represented an expense of Ps. 98 million compared with an expense of Ps. 96 million in the same period of 2009. Net interest expenses was Ps. 2 million in the twelve-months period ended December 31, 2010 compared with a net interest expenses of Ps. 18 million in the same period of 2009. At the same time, we registered an exchange loss of Ps. 96 million in the twelve-months period ended December 31, 2010 compared with an exchange loss of Ps. 78 million in the same period of 2009, reflecting a 5% increase in the value of the peso versus the dollar in the twelve-months period ended December 31, 2010 compared to December 31, 2009.</P>
<P style="TEXT-ALIGN: left"><I>Other Expenses (Income) net</I></P>
<P style="TEXT-ALIGN: left">The company recorded other net expenses of Ps. 56 million in the twelve-months period ended December 31, 2010 compared to other income net of Ps. 30 million in the same period of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Income Taxes</I></P>
<P style="TEXT-ALIGN: left">Income Taxes recorded a provision of Ps. 40 million in the twelve-months period ended December 31, 2010 (including the income of deferred income tax of Ps. 183 million) compared with a net income of Ps. 2,045 million in the same period of 2009 (including the income of Ps. 1,404 million of deferred income taxes).</P>
<P style="TEXT-ALIGN: left"><I>Net Income (After Minority Interest)</I></P>
<P style="TEXT-ALIGN: left">As a result of the foregoing, net income increased by 524% to Ps. 1,369 million in the twelve-months period ended December 31, 2010 from a net loss of Ps. 323 million in the same period of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Liquidity and Capital Resources</I></P>
<P style="TEXT-ALIGN: left">As of December 31, 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 December 31, 2010 was U.S. $445,914). 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>
<P style="TEXT-ALIGN: left">Comparative fourth quarter 2010 vs third quarter 2010</P>
<P style="TEXT-ALIGN: left"><I>Net Sales</I></P>
<P style="TEXT-ALIGN: left">Net sales decreased 9% from Ps. 6,182 million in the third quarter of 2010 to Ps. 5,615 million for the fourth quarter of 2010. Sales in tons decreased from 556 thousand ton in the third quarter of 2010 to 522 thousand ton in the fourth quarter of the same period. The total sales outside of Mexico for the fourth quarter of 2010 decreased 13% to Ps. 3,094 million in the fourth quarter compared with Ps. 3,553 million in the third quarter of 2010. Total sales in Mexico decreases form 2,629 million in the third quarter of 2010 compared Ps. 2,521 million in the fourth quarter of 2010. Prices of finished products sold in the fourth quarter of 2010 decreased approximately 3% compared to the third quarter of 2010.</P>
<P style="TEXT-ALIGN: left"><I>Direct Cost of Sales</I></P>
<P style="TEXT-ALIGN: left">Direct cost of sales was Ps. 4,972 million in the fourth quarter of 2010 compared to Ps. 5,511 million for the third quarter of 2010. With respect to sales, in the fourth and third quarter of 2010, the direct cost of sales represents 89%. The average cost of sales by ton decreased 4% in the fourth quarter of 2010 versus the third quarter of</P>
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<P style="TEXT-ALIGN: left">2010, primarily as a result of the blend of finished steel products sales while the cost of production in both quarter are similar.</P>
<P style="TEXT-ALIGN: left"><I>Marginal Profit</I></P>
<P style="TEXT-ALIGN: left">Marginal profit for the fourth quarter of 2010 decreased 4% to Ps. 643 million compared to Ps. 671 million in the third quarter of 2010. The marginal profit as a percentage of net sales for the fourth and third quarter of 2010 was 11%.</P>
<P style="TEXT-ALIGN: left"><I>Operating Expenses</I></P>
<P style="TEXT-ALIGN: left">Operating expenses decrease 3% to Ps. 535 million in the fourth quarter of 2010 compared to Ps. 551 million for the third quarter of 2010. Operating expenses as a percentage of net sales represented 10% during the fourth quarter of 2010 and 9% during the third quarter of 2010.</P>
<P style="TEXT-ALIGN: left"><I>Operating Income</I></P>
<P style="TEXT-ALIGN: left">Operating income decreased 10% from an operating income of Ps. 120 million in the third quarter of 2010 to Ps. 108 million of operating income for the fourth quarter of 2010. The operating income as a percentage of net sales in the fourth and third quarter of 2010 was 2%. The decrease in operating income is due to down in the shipments of finished steel products and average price sales from third to fourth quarter.</P>
<P style="TEXT-ALIGN: left">EBITDA</P>
<P style="TEXT-ALIGN: left"><I>The EBITDA of the fourth quarter of, 2010 decreased 7% from Ps. 381 million in the third quarter of 2010 to Ps. 356 million in the fourth quarter of 2010 the decrease in the EBITDA is due to the above explained</I></P>
<P style="TEXT-ALIGN: left"><I>Comprehensive Financial Income (Cost</I>)</P>
<P style="TEXT-ALIGN: left">Comprehensive financial cost for the fourth quarter for 2010 was an expense of Ps. 10 million compared with an expense of Ps. 50 million for the third quarter of 2010 net interest expense in the third quarter was of Ps. 4 million, while in the fourth 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. 10 million in the fourth quarter of 2010.</P>
<P style="TEXT-ALIGN: left"><I>Other Expenses (Income) net</I></P>
<P style="TEXT-ALIGN: left">The company recorded other net expense of Ps. 14 million in the fourth quarter of 2010 compared to other net expense of Ps. 6 million for the third quarter of 2010.</P>
<P style="TEXT-ALIGN: left"><I>Income Taxes</I></P>
<P style="TEXT-ALIGN: left">Income Taxes for the fourth quarter of 2010 was an income of Ps. 85 million (including an income tax deferred for Ps. 164 million) compared to an expense of Ps. 58 million for the third quarter of 2010, (including an expense tax deferred of Ps. 27 million).</P>
<P style="TEXT-ALIGN: left"><I>Net Income</I></P>
<P style="TEXT-ALIGN: left">As a result of the foregoing, net income was Ps. 300 million in the fourth quarter of 2010 compared to Ps. 106 million of net income in the third quarter of 2010.</P>
<P style="TEXT-ALIGN: left">Comparative fourth quarter 2010 vs fourth quarter 2009</P>
<P style="TEXT-ALIGN: left"><I>Net Sales</I></P>
<P style="TEXT-ALIGN: left">Net sales increased 13% from Ps. 4,954 million for the fourth quarter of 2009 to Ps. 5,615 million for the fourth quarter of 2010. Sales in tons of finished steel in the fourth quarter of 2010 were 522 thousand tons versus to</P>
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<P style="TEXT-ALIGN: left">518 thousand tons in the fourth quarter of 2009. The total sales outside of Mexico for the fourth quarter of 2010 increased 9% to Ps. 3,094 million compared with Ps. 2,826 million for the fourth quarter of 2009. Total sales in Mexico increase 18% from Ps. 2,521 million in the fourth quarter of 2010 to Ps. 2,128 million in the fourth quarter of 2009. Prices of finished products sold in the fourth quarter of 2010 increased approximately 12% compared to the fourth quarter of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Direct Cost of Sales</I></P>
<P style="TEXT-ALIGN: left">Direct cost of sales decreased 19% from Ps. 6,107 million in the fourth quarter of 2009 to Ps. 4,972 million for the fourth quarter of 2010. With respect to sales, in the fourth quarter of 2010, the direct cost of sales represents 89% compared to 123% for the fourth quarter of 2009. The average cost of raw materials used to produce steel products decreased 19% in the fourth quarter of 2010 versus the fourth quarter of 2009, basically for a provision of certain raw materials in 2009.</P>
<P style="TEXT-ALIGN: left"><I>Marginal Profit</I></P>
<P style="TEXT-ALIGN: left">Marginal profit for the fourth quarter of 2010 increased 156% to Ps. 643 million compared to a loss of Ps. 1,153 million in the fourth quarter of 2009. The marginal profit as a percentage of net sales for the fourth quarter of 2010 was 11% compared with deficit of 23% for the fourth quarter of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Operating Expenses</I></P>
<P style="TEXT-ALIGN: left">Operating expenses decreased 16% to Ps. 535 million in the fourth quarter of 2010 compared to Ps. 635 million for the fourth quarter of 2009. Operating expenses as a percentage of net sales represented 10% during the fourth quarter of 2010 and 13% during the fourth quarter of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Operating Income</I></P>
<P style="TEXT-ALIGN: left">Operating income was of Ps. 108 million in the fourth quarter of 2010 compared with a loss of Ps. 1,788 million in the fourth quarter of 2009. The operating income as a percentage of net sales in the fourth quarter of 2010 was 2% compared to a deficit of 36% in the fourth quarter of 2009.</P>
<P style="TEXT-ALIGN: left"><I>EBITDA</I></P>
<P style="TEXT-ALIGN: left"><I>The EBITDA from the fourth quarter of 2010 increased 123% from a loss of Ps. 1,552 million in the fourth quarter of 2009 to Ps. 356 million in the fourth quarter of 2010.</I></P>
<P style="TEXT-ALIGN: left"><I>Comprehensive Financial Income (Cost </I>)</P>
<P style="TEXT-ALIGN: left">Comprehensive financial cost for the fourth quarter of 2010 was an expense of Ps. 10 million compared with an expense of Ps. 47 million in the fourth quarter of 2009. Net interest expense was zero in the fourth quarter of 2010 compared with an expense of Ps. 7 million of net interest expense in the fourth quarter of 2009. At the same time we registered an exchange loss of Ps. 10 million in the fourth quarter of 2010 compared with an exchange loss of Ps. 54 million in the fourth quarter of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Other Expenses (Income) net</I></P>
<P style="TEXT-ALIGN: left">The company recorded other net expense of Ps. 14 million in the fourth quarter of 2010 compared with other income net of Ps. 22 million for the fourth quarter of 2009.</P>
<P style="TEXT-ALIGN: left"><I>Income Taxes</I></P>
<P style="TEXT-ALIGN: left">Income Taxes for the fourth quarter of 2010 was an income of Ps. 85 million (including a provision of deferred income tax of Ps. 164 million), compared to Ps. 2,213 million of income for the fourth quarter of 2009, (including a provision of deferred income tax of Ps. 1,419 million).</P>
<P style="TEXT-ALIGN: left"><I>Net Income</I></P>
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<P style="TEXT-ALIGN: left">As a result of the foregoing, net income was Ps. 300 million in the fourth quarter of 2010 compared to a loss of Ps. 1,492 million of net income in the fourth quarter of 2009.</P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=4 border=1>







  <TR vAlign=bottom>

    <TD align=center>
      <div align="left"><font size="1">Millions of pesos</font></div>
    </TD>
    <TD align=center><font size="1">Twelve months ended<br>
      December 31, 2010</font></TD>
    <TD align=center><font size="1">Twelve months ended <br>
      December 31, 2009</font></TD>
    <TD align=center><font size="1">2010<br>
      vs.<BR>

2009</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Sales</font></TD>
    <TD align=right><font size="1">24,557</font></TD>
    <TD align=right><font size="1">19,232</font></TD>
    <TD align=right><font size="1">28%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Cost of Sales</font></TD>
    <TD align=right><font size="1">21,256</font></TD>
    <TD align=right><font size="1">17,717</font></TD>
    <TD align=right><font size="1">20%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Marginal Profit</font></TD>
    <TD align=right><font size="1">3,301</font></TD>
    <TD align=right><font size="1">1,515</font></TD>
    <TD align=right><font size="1">118%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Operating Expenses</font></TD>
    <TD align=right><font size="1">2,094</font></TD>
    <TD align=right><font size="1">2,301</font></TD>
    <TD align=right><font size="1">(9%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Operating Income</font></TD>
    <TD align=right><font size="1">1,207</font></TD>
    <TD align=right><font size="1">-786</font></TD>
    <TD align=right><font size="1">(254%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">EBITDA</font></TD>
    <TD align=right><font size="1">2,235</font></TD>
    <TD align=right><font size="1">262</font></TD>
    <TD align=right><font size="1">753%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Net Profit</font></TD>
    <TD align=right><font size="1">1,094</font></TD>
    <TD align=right><font size="1">-1,175</font></TD>
    <TD align=right><font size="1">(193%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Sales outside Mexico</font></TD>
    <TD align=right><font size="1">13,777</font></TD>
    <TD align=right><font size="1">8,935</font></TD>
    <TD align=right><font size="1">54%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Sales in Mexico</font></TD>
    <TD align=right><font size="1">10,780</font></TD>
    <TD align=right><font size="1">10,297</font></TD>
    <TD align=right><font size="1">5%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Total sales (tons)</font></TD>
    <TD align=right><font size="1">2,241</font></TD>
    <TD align=right><font size="1">2,046</font></TD>
    <TD align=right><font size="1">10%</font></TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=2 border=1>





  <TR vAlign=bottom>

    <TD align=left><font size="1">(Millions of pesos)</font></TD>
    <TD align=center><font size="1">4Q '10</font></TD>
    <TD align=center><font size="1">3Q '10</font></TD>
    <TD align=right><font size="1">4Q '09</font></TD>
    <TD align=right><font size="1">4Q'10 vs<br>
      3Q'10</font></TD>
    <TD align=right><font size="1">4Q'10 vs<br>
      4Q&#180;09</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Sales</font></TD>
    <TD align=right><font size="1">5,615</font></TD>
    <TD align=right><font size="1">6,182</font></TD>
    <TD align=right><font size="1">4,954</font></TD>
    <TD align=right><font size="1">(9%)</font></TD>
    <TD align=right><font size="1">13%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Cost of Sales</font></TD>
    <TD align=right><font size="1">4,972</font></TD>
    <TD align=right><font size="1">5,511</font></TD>
    <TD align=right><font size="1">6,107</font></TD>
    <TD align=right><font size="1">(10%)</font></TD>
    <TD align=right><font size="1">(19%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Marginal Profit</font></TD>
    <TD align=right><font size="1">643</font></TD>
    <TD align=right><font size="1">671</font></TD>
    <TD align=right><font size="1">-1,153</font></TD>
    <TD align=right><font size="1">(4%)</font></TD>
    <TD align=right><font size="1">(156%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Operating Expenses</font></TD>
    <TD align=right><font size="1">535</font></TD>
    <TD align=right><font size="1">551</font></TD>
    <TD align=right><font size="1">635</font></TD>
    <TD align=right><font size="1">(3)%</font></TD>
    <TD align=right><font size="1">(16%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Operating Income</font></TD>
    <TD align=right><font size="1">108</font></TD>
    <TD align=right><font size="1">120</font></TD>
    <TD align=right><font size="1">-1,788</font></TD>
    <TD align=right><font size="1">(10%)</font></TD>
    <TD align=right><font size="1">(106%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">EBITDA</font></TD>
    <TD align=right><font size="1">356</font></TD>
    <TD align=right><font size="1">381</font></TD>
    <TD align=right><font size="1">-1,552</font></TD>
    <TD align=right><font size="1">(7%)</font></TD>
    <TD align=right><font size="1">(123%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Net Profit</font></TD>
    <TD align=right><font size="1">169</font></TD>
    <TD align=right><font size="1">6</font></TD>
    <TD align=right><font size="1">-1,968</font></TD>
    <TD align=right><font size="1">2,717%</font></TD>
    <TD align=right><font size="1">(109%)</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left colSpan=2><font size="1">Sales outside Mexico 3,094</font></TD>
    <TD align=right><font size="1">3,553</font></TD>
    <TD align=right><font size="1">2,826</font></TD>
    <TD align=right><font size="1">(13%)</font></TD>
    <TD align=right><font size="1">9%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Sales in Mexico</font></TD>
    <TD align=right><font size="1">2,521</font></TD>
    <TD align=right><font size="1">2,629</font></TD>
    <TD align=right><font size="1">2,128</font></TD>
    <TD align=right><font size="1">(4%)</font></TD>
    <TD align=right><font size="1">18%</font></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">Total sales (tons)</font></TD>
    <TD align=right><font size="1">522</font></TD>
    <TD align=right><font size="1">556</font></TD>
    <TD align=right><font size="1">518</font></TD>
    <TD align=right><font size="1">(6)%</font></TD>
    <TD align=right><font size="1">1%</font></TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=2 border=1>




  <TR vAlign=bottom>

    </TR>




  <TR vAlign=bottom>
    <TD align=left>
      <div align="left"><font size="1">Product</font></div>
    </TD>
    <TD align=right>
      <div align="center"><font size="1">Thousands of tons<br>

12 months ended<br>

December 31, 2010</font></div>
    </TD>
    <TD align=right>
      <div align="center"><font size="1">Million of pesos 12<br>

months ended <br>
      December 31, 2010 </font></div>
    </TD>
    <TD align=right>
      <div align="center"><font size="1">Average price per ton<br>
       12 months ended <br>
        December 31, 2010</font></div>
    </TD>
    <TD align=right>
      <div align="center"><font size="1">Thousands of tons<br>
      12 months ended<br>

December 31,2009</font></div>
    </TD>
    <TD align=right>
      <div align="center"><font size="1">Million of pesos 12<br>

months ended<br>
      December 30, 2009</font></div>
    </TD>
    <TD align=right>
      <div align="center"><font size="1">Average price per ton<br>

12 months ended<br>
      December 31, 2009</font></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><font size="1">SBQ</font></TD>
    <TD align=right><font size="1">1,187</font></TD>
    <TD align=right><font size="1">15,194</font></TD>
    <TD align=right><font size="1">12,800</font></TD>
    <TD align=right><font size="1">957</font></TD>
    <TD align=right><font size="1">10,681</font></TD>
    <TD align=right><font size="1">11,161</font></TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left><font size="1">Light<br>
      Structural</font></TD>
    <TD align=right><font size="1">1,054</font></TD>
    <TD align=right><font size="1">9,363</font></TD>
    <TD align=right><font size="1">8,883</font></TD>
    <TD align=right><font size="1">1,089</font></TD>
    <TD align=right><font size="1">8,551</font></TD>
    <TD align=right><font size="1">7,852</font></TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left><font size="1">Total</font></TD>
    <TD align=right><font size="1">2,241</font></TD>
    <TD align=right><font size="1">24,557</font></TD>
    <TD align=right><font size="1">10,958</font></TD>
    <TD align=right><font size="1">2,046</font></TD>
    <TD align=right><font size="1">19,232</font></TD>
    <TD align=right><font size="1">9,400</font></TD>
  </TR>
</TABLE>
<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=2 border=1 width="738">





  <TR vAlign=bottom>

    <TD align=center width="40">
      <div align="left"><font size="1">Product</font></div>
    </TD>
    <TD align=center colspan="2"><font size="1">Thousands of<br>
      tons&nbsp;4Q '10</font><font size="1"></font></TD>
    <TD align=center width="76"><font size="1">Millions of<br>
      pesos&nbsp;4Q'10</font></TD>
    <TD align=center width="78"><font size="1">Average price<BR>

per ton 4Q'10</font></TD>
    <TD align=center width="65"><font size="1">Thousands&nbsp;of<br>
      tons&nbsp;3Q '10</font></TD>
    <TD align=center width="61"><font size="1">Millions of<br>
      pesos&nbsp;3Q'10</font></TD>
    <TD align=center width="72"><font size="1">Average price<BR>

per ton 3Q'10</font></TD>
    <TD align=center width="68"><font size="1">Thousands of<BR>

tons 4Q'09</font></TD>
    <TD align=center width="59"><font size="1">Millions of<br>
      pesos 4Q'09 </font></TD>
    <TD align=center width="73"><font size="1">Average price<br>
      per ton 4Q'09</font></TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left width="40"><font size="1">SBQ</font></TD>
    <TD align=left colspan="2">
      <div align="right"></div>
      <div align="right"><font size="1">261</font></div>
    </TD>
    <TD align=right width="76">
      <div align="right"><font size="1">3,187</font></div>
    </TD>
    <TD align=right width="78">
      <div align="right"><font size="1">12,211</font></div>
    </TD>
    <TD align=left width="65">
      <div align="right"><font size="1">273</font></div>
    </TD>
    <TD align=right width="61">
      <div align="right"><font size="1">3,656</font></div>
    </TD>
    <TD align=right width="72">
      <div align="right"><font size="1">13,392</font></div>
    </TD>
    <TD align=right width="68">
      <div align="right"><font size="1">287</font></div>
    </TD>
    <TD align=left width="59">
      <div align="right"><font size="1">3,264</font></div>
    </TD>
    <TD align=right width="73">
      <div align="right"><font size="1">11,373</font></div>
    </TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left width="40"><font size="1">Light</font></TD>
    <TD align=left colspan="2">
      <div align="right"></div>
      <div align="right"><font size="1">261</font></div>
    </TD>
    <TD align=right width="76">
      <div align="right"><font size="1">2,428</font></div>
    </TD>
    <TD align=right width="78">
      <div align="right"><font size="1">9,303</font></div>
    </TD>
    <TD align=left width="65">
      <div align="right"><font size="1">283</font></div>
    </TD>
    <TD align=right width="61">
      <div align="right"><font size="1">2.526</font></div>
    </TD>
    <TD align=right width="72">
      <div align="right"><font size="1">8,926</font></div>
    </TD>
    <TD align=right width="68">
      <div align="right"><font size="1">231</font></div>
    </TD>
    <TD align=left width="59">
      <div align="right"><font size="1">1,690</font></div>
    </TD>
    <TD align=right width="73">
      <div align="right"><font size="1">8,974</font></div>
    </TD>
  </TR>
</TABLE>
<BR>
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<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellspacing=0 cellpadding=2 width="100%" border=1>



  <tr valign=bottom>

    <td align=left><font size="1">Structural</font></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><font size="1">Total</font></td>
    <td align=right>
      <font size="1">522</font></td>
    <td align=right>
      <font size="1">5,615</font></td>
    <td align=right>
      <font size="1">10,757</font></td>
    <td align=right>
      <font size="1">556</font></td>
    <td align=right>
      <font size="1">6,182</font></td>
    <td align=right>
      <font size="1">11,119</font></td>
    <td align=right>
      <font size="1">518</font></td>
    <td align=right>
      <font size="1">4,954</font></td>
    <td align=right>
      <font size="1">9,564</font></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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<P style="TEXT-ALIGN: center"><B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=0 width="100%" border=0>
<TR>
     <TD width="48%"></TD>
     <TD width="27%"></TD>
     <TD width="23%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left>STOCK EXCHANGE CODE<B>: SIMEC</B></TD>
     <TD align=left>
      <div align="right"></div>
    </TD>
     <TD align=left>
      <div align="right">QUARTER: 4&nbsp;&nbsp;&nbsp;YEAR: <B>2010</B></div>
    </TD></TR>
<TR vAlign=bottom>
     <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=3><B>FINANCIAL STATEMENT NOTES</B></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>
      <div align="right">CONSOLIDATED</div>
    </TD></TR></TABLE>

<P style="TEXT-ALIGN: left"><B>(1) Operations preparation bases and summary of significant accounting policies:<br>
  </B>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 December 31, 2010 are as follows:</P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=0 border=0 width="50%">

  <TR>

    <TD></TD>
    <TD></TD>
  </TR>

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

    <TD align=left>Buildings and improvements (Republic)</TD>
    <TD align=left>
      <div align="center">10 to 25</div>
    </TD>
  </TR>

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

<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 &#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 &#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.</P>
<P style="TEXT-ALIGN: left">- Applying the prevailing historical exchange rate for nonmonetary assets and liabilities and for stockholders&#146; equity accounts.</P>
<P style="TEXT-ALIGN: left">- Applying the prevailing the historical exchange rate at the consolidated balance sheet date for revenues and expenses during the reporting period - 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 December 31, 2010 sales of ten customers accounted for approximately 25% of the 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 December 31, 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. 3.7 million (accrued interest on December 31, 2010 was U.S. $445,314, or Ps. 3.9 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><br>
  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. 5,242 (U.S. $424,207) at December 31, 2010, (included in accrued liabilities) relating to these actions; the reduction of this reserve from previous levels reflects clean-up activities undertaken by Simec. Management believes the ultimate liability with respect to this matter will not exceed the amounts that have been accrued.</P>
<P style="TEXT-ALIGN: left">b. The Company is subject to various other legal proceeding and claims, which have arisen, in the ordinary course of its business. It is the opinion of management that their ultimate resolution will not have a material adverse effect on the Company&#146;s consolidated financial position or consolidated results of operations.</P>
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<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellspacing=0 cellpadding=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center colspan=4><b>MEXICAN STOCK EXCHANGE</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4><b>SIFIC / ICS</b></td>
  </tr>

  <tr>

    <td colspan=4>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left>STOCK EXCHANGE CODE<b>: SIMEC</b></td>
    <td align=left>&nbsp;</td>
    <td align=right colspan=2>QUARTER: 4 &nbsp;YEAR:<b>2010</b></td>
  </tr>

  <tr valign=bottom>

    <td align=left>GRUPO SIMEC, S.A.B. DE C.V.</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=4><b>RELATIONS OF SHARES INVESTMENTS</b></td>
  </tr>

  <tr valign=bottom>

    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=right>CONSOLIDATED</td>
  </tr>
</table>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=2 border=1 width="100%">



  <TR vAlign=top>

    <TD align=left>
      <div align="center">COMPANY NAME</div>
    </TD>
    <TD align=center>MAIN ACTIVITIES</TD>
    <TD align=center>NUMBER OF<br>
      SHARES
    </TD>
    <TD align=right>
      <div align="center">OWNERSHIP</div>
    </TD>
  </TR>



  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

    <TD align=left height="14">Cia. Sider&#250;rgica del Pac&#237;fico</TD>
    <TD align=center height="14">Rent of land</TD>
    <TD align=left height="14">&nbsp;</TD>
    <TD align=right height="14">99.99</TD>
  </TR>

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

    <TD align=left>Simec International 7</TD>
    <TD align=center>Production and sales of steel products</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>99.99</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>Corporaci&#243;n ASL</TD>
    <TD align=center>Sales of steel products</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>99.99</TD>
  </TR>

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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



  <TR vAlign=bottom>

    <TD align=left><B>TOTAL INVESTMENT IN SUBSIDIARIES</B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>



  <TR vAlign=bottom>

    <TD align=left><B>ASSOCIATEDS</B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>0</TD>
  </TR>

  <TR vAlign=bottom>

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

  <TR vAlign=bottom>

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



  <TR vAlign=bottom>

    <TD align=left><B>TOTAL</B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>0</TD>
  </TR>
</TABLE>
<BR>
<P style="TEXT-ALIGN: left">NOTES</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: 'Arial'" cellSpacing=0 cellpadding=0 width="100%" border=0>
<TR>
     <TD width="29%"></TD>
     <TD width="44%"></TD>
     <TD width="26%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=center><B>MEXICAN STOCK EXCHANGE</B></TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=3><B>SIFIC / ICS</B></TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>STOCK EXCHANGE CODE<B>: SIMEC</B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>QUARTER: 4 YEAR:<B>2010</B></TD></TR>
<TR vAlign=bottom>
     <TD align=left>GRUPO SIMEC, S.A.B. DE C.V.</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=3><B>CREDITS BREAK DOWN</B></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=3><B>(THOUSANDS OF MEXICAN PESOS)</B></TD></TR>
<TR>
     <TD colSpan=3>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>CONSOLIDATED</TD></TR></TABLE><BR>

<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellspacing=0 cellpadding=2 border=1 width="100%">



  <tr valign=bottom>

    <td align=center rowspan="4"><font size="1"><b>Credit Type /</b><br>

<b>Institution</b></font></td>
    <td align=center rowspan="4"><font size="1"><b>Amortization <br>
      Date</b></font></td>
    <td align=center rowspan="4"><font size="1"><b>Rate of <br>
      Interest</b></font></td>
    <td align=center colspan="6" rowspan="2"><font size="1"><b>Denominated in Pesos <br>
      (Thousands of Pesos)</b></font></td>
    <td align=center colspan=6 rowspan="2"><font size="1"><b>Denominated in Foreign Currency <br>
      (Thousands of Pesos)</b></font></td>
  </tr>

  <tr valign=bottom>

    </tr>

  <tr valign=bottom>

    <td align=center colspan="6" rowspan="2"><font size="1"><b>Time Interval</b></font></td>
    <td align=center colspan="6" rowspan="2"><font size="1"><b>Time Interval</b></font></td>
  </tr>

  <tr valign=bottom>

    </tr>

  <tr valign=bottom>

    <td align=center rowspan="6">
      <font size="1"><b>BANKS</b></font></td>
    <td align=center rowspan="6"><font size="1">&nbsp;</font></td>
    <td align=center rowspan="6"><font size="1">&nbsp;</font></td>
    <td align=center rowspan="6"><font size="1"><b>Current <br>
      Year</b></font></td>
    <td align=center rowspan="6"><font size="1"><b>Until <br>
      1 Year</b></font></td>
    <td align=center rowspan="6"><font size="1"><b>Until <br>
      2</b> <b>Years</b></font></td>
    <td align=center rowspan="6"><font size="1"><b>Until <br>
      3 Years</b></font></td>
    <td align=center rowspan="6"><font size="1"><b>Until <br>
      4 Years</b></font></td>
    <td align=center rowspan="6"><font size="1"><b>Until 5</b><br>

<b>Years</b><br>

<b>or</b><br>

<b>More</b></font></td>
    <td align=center rowspan="6"><font size="1"><b>Current <br>
      Year</b></font></td>
    <td align=center rowspan="6"><font size="1"><b>Until <br>
      1 Year</b></font></td>
    <td align=center rowspan="6"><font size="1"><b>Until   <br>
      2 Years</b></font></td>
    <td align=center rowspan="6"><font size="1"><b>Until <br>
      3 Years</b></font></td>
    <td align=center rowspan="6"><font size="1"><b>Until <br>
      4 Years</b></font></td>
    <td align=center rowspan="6"><font size="1"><b>Until 5</b><br>

<b>Year</b>

<b>s or</b><br>

<b>More</b></font></td>
  </tr>

  <tr valign=bottom>

    </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="1">&nbsp;</font></td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
  </tr>



  <tr valign=bottom>

    <td align=left><font size="1">&nbsp;</font></td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
  </tr>





  <tr valign=bottom>

    <td align=left><font size="1"><b>TOTAL<br>
      BANKS</b></font></td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
  </tr>















  <tr valign=bottom>

    <td align=left><font size="1"><b>LISTED IN<br>
      THE<br>
      STOCK<br>
      EXCHANGE</b></font></td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
  </tr>





  <tr valign=bottom>

    <td align=left><font size="1"><b>UNSECURED<br>
      DEBT</b></font></td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
  </tr>





  <tr valign=bottom>

    <td align=left><font size="1">Medium Term<br>
      Notes</font></td>
    <td align=right><font size="1">
      15/12/1998</font></td>
    <td align=right><font size="1">
      9.33</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      3,732</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
  </tr>









  <tr valign=bottom>

    <td align=left><font size="1"><b>TOTAL<br>
      STOCK<br>
      EXCHANGE</b></font></td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      3,732</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
  </tr>









  <tr valign=bottom>

    <td align=left><font size="1"><b>SUPPLIERS</b></font></td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
  </tr>



  <tr valign=bottom>

    <td align=left><font size="1">Various</font></td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right><font size="1">
      386,267</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      1,885,559</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
  </tr>





  <tr valign=bottom>

    <td align=left><font size="1"><b>TOTAL<br>
      SUPPLIERS</b></font></td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right><font size="1">
      386,267</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      1,885,559</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
  </tr>





  <tr valign=bottom>

    <td align=left><font size="1"><b>OTHER<br>
      LOANS WITH<br>
      COST
      </b></font></td>
    <td align=right>&nbsp;
      </td>
    <td align=right><font size="1">
      0.25</font></td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
  </tr>











  <tr valign=bottom>

    <td align=left><font size="1"><b>TOTAL</b></font></td>
    <td align=right>&nbsp;
      </td>
    <td align=right>&nbsp;
      </td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
    <td align=right><font size="1">
      0</font></td>
  </tr>
</table>
<BR>
<HR align=center width="100%" noshade SIZE=5>
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<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellspacing=0 cellpadding=2 border=1 width="100%">










  <tr valign=bottom>

    <td align=left width="10%"><font size="1"><b>OTHER<br>
      CURRENT<br>
      LIABILITIES<br>
      WITHOUT<br>
      COST</b></font></td>
    <td align=right width="11%"><font size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td align=right width="6%"><font size="1">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></td>
    <td align=right width="7%">&nbsp;</td>
    <td align=right width="5%"><font size="1">&nbsp;</font></td>
    <td align=right width="6%">&nbsp;</td>
    <td align=right width="6%">&nbsp;</td>
    <td align=right width="6%">&nbsp;</td>
    <td align=right width="5%">&nbsp;</td>
    <td align=right width="8%">&nbsp;</td>
    <td align=right width="5%">&nbsp;</td>
    <td align=right width="6%">&nbsp;</td>
    <td align=right width="5%">&nbsp;</td>
    <td align=right width="7%">&nbsp;</td>
    <td align=right width="7%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left width="10%"><font size="1">Various</font></td>
    <td align=right width="11%"><font size="1">&nbsp;</font></td>
    <td align=right width="6%">&nbsp;
      </td>
    <td align=right width="7%"><font size="1">
      337,866</font></td>
    <td align=right width="5%"><font size="1">0</font></td>
    <td align=right width="6%"><font size="1">
      0</font></td>
    <td align=right width="6%"><font size="1">
      0</font></td>
    <td align=right width="6%"><font size="1">
      0</font></td>
    <td align=right width="5%"><font size="1">
      0</font></td>
    <td align=right width="8%"><font size="1">
      285,782</font></td>
    <td align=right width="5%"><font size="1">
      0</font></td>
    <td align=right width="6%"><font size="1">
       0</font></td>
    <td align=right width="5%"><font size="1">
       0</font></td>
    <td align=right width="7%"><font size="1">
      0</font></td>
    <td align=right width="7%"><font size="1">
      0</font></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="10%"><font size="1"><b>TOTAL</b></font></td>
    <td align=right width="11%">&nbsp;</td>
    <td align=right width="6%">&nbsp;
      </td>
    <td align=right width="7%"><font size="1">
      337,866</font></td>
    <td align=right width="5%"><font size="1">0</font></td>
    <td align=right width="6%"><font size="1">
       0</font></td>
    <td align=right width="6%"><font size="1">
      0</font></td>
    <td align=right width="6%"><font size="1">
      0</font></td>
    <td align=right width="5%"><font size="1">
       0</font></td>
    <td align=right width="8%"><font size="1">
      285,782</font></td>
    <td align=right width="5%"><font size="1">
      0</font></td>
    <td align=right width="6%"><font size="1">
       0</font></td>
    <td align=right width="5%"><font size="1">
       0</font></td>
    <td align=right width="7%"><font size="1">
      0</font></td>
    <td align=right width="7%"><font size="1">
      0</font></td>
  </tr>





  <tr valign=bottom>

    <td align=left width="10%"><font size="1"><b>TOTAL</b></font></td>
    <td align=right width="11%">&nbsp;</td>
    <td align=right width="6%">&nbsp;
      </td>
    <td align=right width="7%"><font size="1">
      724,133</font></td>
    <td align=right width="5%"><font size="1">0</font></td>
    <td align=right width="6%"><font size="1">
       0</font></td>
    <td align=right width="6%"><font size="1">
      0</font></td>
    <td align=right width="6%"><font size="1">
      0</font></td>
    <td align=right width="5%"><font size="1">
       0</font></td>
    <td align=right width="8%"><font size="1">
      2,774,692</font></td>
    <td align=right width="5%"><font size="1">
      0</font></td>
    <td align=right width="6%"><font size="1">
       0</font></td>
    <td align=right width="5%"><font size="1">
       0</font></td>
    <td align=right width="7%"><font size="1">
      0</font></td>
    <td align=right width="7%"><font size="1">
      0</font></td>
  </tr>
</table>
<BR>
<P style="TEXT-ALIGN: left"><B>NOTES: </B>The exchange rate of the peso to the U.S. Dollar at December 31, 2010 was Ps. 12.3571</P>
<HR align=center width="100%" noshade SIZE=5>
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<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellspacing=0 cellpadding=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center colspan=7>MEXICAN STOCK EXCHANGE</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7>SIFIC / ICS</td>
  </tr>

  <tr>

    <td colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left>STOCK EXCHANGE CODE:</td>
    <td align=left>&nbsp;</td>
    <td align=right colspan=2><b>SIMEC </b>QUARTER:</td>
    <td align=left>&nbsp;&nbsp;4</td>
    <td align=right colspan=2>YEAR: <b>2010</b></td>
  </tr>

  <tr valign=bottom>

    <td align=left><b>GRUPO SIMEC, S.A.B. DE C.V.</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>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7><b>MONETARY FOREIGN CURRENCY POSITION</b></td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7><b>(Thousands of Mexican Pesos)</b></td>
  </tr>

  <tr>

    <td colspan=7>&nbsp;</td>
  </tr>

  <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=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=right><b>CONSOLIDATED</b></td>
  </tr>

  <tr>

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



  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"></div>
    </TD>
    <TD align=right colSpan=2>
      <div align="center"><B>DOLLARS</B></div>
    </TD>
    <TD align=left colSpan=2>
      <div align="center"><B>OTHER CURRENCIES</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>TOTAL</B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=right>
      <div align="left"><B>FOREIGN CURRENCY POSITION</B></div>
      <div align="center"></div>
    </TD>
    <TD align=center>
      <div align="center"><B>THOUSANDS</B></div>
      <div align="center"><B>OF DOLLARS</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>THOUSANDS</B></div>
      <div align="center"><B>OF PESOS</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>THOUSANDS</B></div>
      <div align="center"><B>OF DOLLARS</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>THOUSANDS</B></div>
      <div align="center"><B>OF PESOS</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>THOUSANDS</B></div>
      <div align="center"><B>OF PESOS</B></div>
    </TD>
  </TR>





  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B>TOTAL ASSETS</B></TD>
    <TD align=right><B>384,765</B></TD>
    <TD align=right><B>4,754,578</B></TD>
    <TD align=right><B>88</B></TD>
    <TD align=right><B>1,087</B></TD>
    <TD align=right><B>4,755,665</B></TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B>LIABILITIES POSITION</B></TD>
    <TD align=right><B>224,542</B></TD>
    <TD align=right><B>2,774,062</B></TD>
    <TD align=right><B>0</B></TD>
    <TD align=right><B>630</B></TD>
    <TD align=right><B>2,774,692</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>SHORT TERM LIABILITIES POSITION</TD>
    <TD align=right>224,542</TD>
    <TD align=right>2,774,062</TD>
    <TD align=right>0</TD>
    <TD align=right>630</TD>
    <TD align=right>2,774,692</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>LONG TERM LIABILITIES POSITION</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
    <TD align=right>0</TD>
  </TR>

  <TR>

    <TD colSpan=6>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B>NET BALANCE</B></TD>
    <TD align=right><B>160,223</B></TD>
    <TD align=right><B>1,980,516</B></TD>
    <TD align=right><B>88</B></TD>
    <TD align=right><B>457</B></TD>
    <TD align=right><B>1,980,973</B></TD>
  </TR>
</TABLE>

<P style="TEXT-ALIGN: left"><B>NOTES</B></P>
<P style="TEXT-ALIGN: left">THE EXCHANGE RATE OF THE PESO TO THE U.S. DOLLAR AT DECEMBER 31, 2010 WAS PS. 12.3571</P>
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<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=0 width="100%" border=0>
<TR>
     <TD width="28%"></TD>
     <TD width="45%"></TD>
     <TD width="6%"></TD>
     <TD width="18%"></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=4>MEXICAN STOCK EXCHANGE</TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=4>SIFIC / ICS</TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>STOCK EXCHANGE CODE:</TD>
     <TD align=left>
      <div align="right"><B>SIMEC </B>QUARTER:</div>
    </TD>
     <TD align=left>
      <div align="center">4</div>
    </TD>
     <TD align=left>
      <div align="right">YEAR: <B>2010</B></div>
    </TD></TR>
<TR vAlign=bottom>
     <TD align=left><B>GRUPO SIMEC, S.A.B. DE C.V.</B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=4><B>DEBT INSTRUMENTS</B></TD></TR>
<TR>
     <TD colSpan=4>&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"><B>CONSOLIDATED</B></div>
    </TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left colSpan=2><B>FINANCIAL LIMITED BASED IN ISSUED DEED AND/OR TITLE</B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR></TABLE>

<P style="TEXT-ALIGN: center"><B>MEDIUM TERM NOTES</B></P>
<P style="TEXT-ALIGN: left">A) Current assets to current liabilities must be 1.0 times or more.<BR>
B) Total liabilities to total assets do not be more than 0.60.<BR>
C) Operating income plus items added to income which do not require using cash must be 2.0 times or more.</P>
<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>
<P style="TEXT-ALIGN: left">A) Accomplished the actual situation is 3.49 times.<BR>
B) Accomplished the actual situation is 0.20<BR>
C) Accomplished the actual situation is 160.7</P>
<P  align="left">As of December 31, 2010, the remaining balance of the MTNs not exchanged amounts to Ps. 3,732 ($302,000 dollars).</P>
<P style="TEXT-ALIGN: left">C.P. Adolfo Luna Luna<BR>
Chief Financial Officer</P>
<P style="TEXT-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: 'Arial'" cellSpacing=0 cellpadding=0 width="100%" border=0>

  <TR>

    <TD width="32%"></TD>
    <TD width="39%"></TD>
    <TD width="10%"></TD>
    <TD width="17%"></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center colSpan=4>MEXICAN STOCK EXCHANGE</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center colSpan=4>SIFIC / ICS</TD>
  </TR>

  <TR>

    <TD colSpan=4>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>STOCK EXCHANGE CODE:</TD>
    <TD align=left>
      <div align="right"><B>SIMEC </B>QUARTER:</div>
    </TD>
    <TD align=right>
      <div align="center">4</div>
    </TD>
    <TD align=left>
      <div align="right">YEAR: <B>2010</B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B>GRUPO SIMEC, S.A.B. DE C.V.</B></TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center colSpan=4><B>PLANTS, COMMERCE CENTERS OR DISTRIBUTION CENTERS</B></TD>
  </TR>

  <TR>

    <TD colSpan=4>&nbsp;</TD>
  </TR>

  <TR>

    <TD colSpan=4>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left><B>CONSOLIDATED</B></TD>
  </TR>

  <TR>

    <TD colSpan=4>&nbsp;</TD>
  </TR>












































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























  <tr valign=top>

    <td align=left>
      <div align="center"><b>PLANT OR CENTER</b></div>
    </td>
    <td align=left>
      <div align="center"><b>ECONOMIC ACTIVITY</b></div>
    </td>
    <td align=center>
      <div align="center"><b>PLANT<br>
        CAPACITY
        </b></div>
    </td>
    <td align=center>
      <div align="center"><b>UTILIZATION (%)</b></div>
    </td>
  </tr>





  <tr valign=bottom>

    <td align=left valign="top">GUADALAJARA MINI MILL</td>
    <td align=left valign="top">PRODUCTION AND SALES OF STEEL<br>
      PRODUCTS</td>
    <td align=center>480</td>
    <td align=center>64.77</td>
  </tr>

  <tr valign=bottom>

    <td align=left rowspan="2" valign="top">MEXICALI MINI MILL</td>
    <td align=left rowspan="2" valign="top">PRODUCTION AND SALES OF STEEL<br>
    PRODUCTS</td>
    <td align=left rowspan="2">
      <div align="center">250</div>
    </td>
    <td align=left rowspan="2">
      <div align="center">94.73</div>
    </td>
  </tr>

  <tr valign=bottom>

    </tr>

  <tr valign=bottom>

    <td align=left rowspan="2" valign="top">APIZACO AND CHOLULA PLANTS</td>
    <td align=left rowspan="2" valign="top">PRODUCTION AND SALES OF STEEL<br>
    PRODUCTS</td>
    <td align=left rowspan="2">
      <div align="center">460</div>
    </td>
    <td align=left rowspan="2">
      <div align="center">78.73</div>
    </td>
  </tr>

  <tr valign=bottom>

    </tr>

  <tr valign=bottom>

    <td align=left valign="top">CANTON CASTER FACILITY</td>
    <td align=left valign="top">PRODUCTION OF BILLET</td>
    <td align=center>1,380</td>
    <td align=center>68.66</td>
  </tr>

  <tr valign=bottom>

    <td align=left valign="top">LORAIN CASTER FACILITY</td>
    <td align=left valign="top">PRODUCTION OF BILLET</td>
    <td align=center>1,150</td>
    <td align=center>0.00</td>
  </tr>

  <tr valign=bottom>

    <td align=left height="15" rowspan="2" valign="top">LORAIN HOT-ROLLING MILL</td>
    <td align=left height="15" rowspan="2" valign="top">PRODUCTION AND SALES OF STEEL<br>
    PRODUCTS</td>
    <td align=left height="15" rowspan="2">
      <div align="center">840</div>
    </td>
    <td align=left height="15" rowspan="2">
      <div align="center">41.53</div>
    </td>
  </tr>

  <tr valign=bottom>

    </tr>

  <tr valign=bottom>

    <td align=left rowspan="2" valign="top">LACKAWANNA HOT-ROLLING MILL</td>
    <td align=left rowspan="2" valign="top">PRODUCTION AND SALES OF STEEL<br>
    PRODUCTS</td>
    <td align=left rowspan="2">
      <div align="center">600</div>
    </td>
    <td align=left rowspan="2">
      <div align="center">69.30</div>
    </td>
  </tr>

  <tr valign=bottom>

    </tr>

  <tr valign=bottom>

    <td align=left rowspan="2" valign="top">MASSILLON COLD-FINISH FACILITY</td>
    <td align=left rowspan="2" valign="top">PRODUCTION AND SALES OF STEEL<br>
    PRODUCTS</td>
    <td align=left rowspan="2">
      <div align="center">125</div>
    </td>
    <td align=left rowspan="2">
      <div align="center">59.51</div>
    </td>
  </tr>

  <tr valign=bottom>

    </tr>

  <tr valign=bottom>

    <td align=left rowspan="2" valign="top">GARY COLD-FINISH FACILITY</td>
    <td align=left rowspan="2" valign="top">PRODUCTION AND SALES OF STEEL<br>
    PRODUCTS</td>
    <td align=left rowspan="2">
      <div align="center">70</div>
    </td>
    <td align=left rowspan="2">
      <div align="center">42.25</div>
    </td>
  </tr>

  <tr valign=bottom>

    </tr>

  <tr valign=bottom>

    <td align=left rowspan="2" valign="top">ONTARIO COLD-FINISH FACILITY</td>
    <td align=left rowspan="2" valign="top">PRODUCTION AND SALES OF STEEL<br>
    PRODUCTS</td>
    <td align=left rowspan="2">
      <div align="center">60</div>
    </td>
    <td align=left rowspan="2">
      <div align="center">60.48</div>
    </td>
  </tr>

  <tr valign=bottom>

    </tr>

  <tr valign=bottom>

    <td align=left rowspan="2" valign="top">SAN LUIS POTOSI COLD-FINISH FACILITY</td>
    <td align=left rowspan="2" valign="top">PRODUCTION AND SALES OF STEEL<br>
    PRODUCTS</td>
    <td align=left rowspan="2">
      <div align="center">600</div>
    </td>
    <td align=left rowspan="2">
      <div align="center">95.35</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: 'Arial'" cellspacing=0 cellpadding=0 width="100%" border=0>

  <tr valign=bottom>

    <td align=center colspan=7>MEXICAN STOCK EXCHANGE</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7>SIFIC / ICS</td>
  </tr>

  <tr>

    <td colspan=7>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2>STOCK EXCHANGE CODE:</td>
    <td align=left width="0%">&nbsp;</td>
    <td align=left colspan=2>
      <div align="right"><b>SIMEC </b>QUARTER:</div>
    </td>
    <td align=right width="4%">4</td>
    <td align=left width="19%">
      <div align="right">YEAR: <b>2010</b></div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=left colspan=2><b>GRUPO SIMEC, S.A.B. DE C.V.</b></td>
    <td align=left width="0%">&nbsp;</td>
    <td align=left width="13%">&nbsp;</td>
    <td align=left width="34%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=left width="19%">&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=center colspan=7><b>MAIN RAW MATERIALS</b></td>
  </tr>

  <tr valign=bottom>

    <td align=left width="15%">&nbsp;</td>
    <td align=left width="15%">&nbsp;</td>
    <td align=left width="0%">&nbsp;</td>
    <td align=left width="13%">&nbsp;</td>
    <td align=left width="34%">&nbsp;</td>
    <td align=left width="4%">&nbsp;</td>
    <td align=left width="19%">
      <div align="right"><b>CONSOLIDATED</b></div>
    </td>
  </tr>
</table>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=2 border=1 width="100%">





  <TR vAlign=bottom>

    <TD align=left>
      <div align="center"><B>DOMESTIC</B></div>
    </TD>
    <TD align=left>
      <div align="center"><B>MAIN SUPPLIERS</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>FOREIGN</B></div>
    </TD>
    <TD align=left>
      <div align="center"><B>MAIN SUPPLIERS</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>DOMESTIC<br>
      SUBSTITUTION</B></div>
    </TD>
    <TD align=center>
      <div align="center"><B>COST<br>
      PRODUCTION (%)</B></div>
    </TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>PLANTS IN USA</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>SCRAP</TD>
    <TD align=left>VARIOUS</TD>
    <TD align=center>NO</TD>
    <TD align=center>37.52</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>SCRAP</TD>
    <TD align=left>VARIOUS</TD>
    <TD align=left>PLANTS IN MEXICO</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=center>54.80</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>FERROALLOYS</TD>
    <TD align=left>VARIOUS</TD>
    <TD align=left>PLANTS IN MEXICO</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=center>YES</TD>
    <TD align=center>6.72</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>PLANTS IN USA</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>FERROALLOYS</TD>
    <TD align=left>VARIOUS</TD>
    <TD align=center>NO</TD>
    <TD align=center>12.18</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>ELECTRODES</TD>
    <TD align=left>VARIOUS</TD>
    <TD align=left>PLANTS IN MEXICO</TD>
    <TD align=left>VARIOUS</TD>
    <TD align=center>YES</TD>
    <TD align=center>2.35</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>PLANTS IN USA</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>ELECTRODES</TD>
    <TD align=left>VARIOUS</TD>
    <TD align=center>NO</TD>
    <TD align=center>2.65</TD>
  </TR>
</TABLE>
<BR>
<HR align=center width="100%" noshade SIZE=5>
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<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=0 width="100%" border=0>

  <TR>

    <TD width="30%"></TD>
    <TD width="21%"></TD>
    <TD width="5%"></TD>
    <TD width="9%"></TD>
    <TD width="6%"></TD>
    <TD width="8%"></TD>
    <TD width="17%"></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center colSpan=7>MEXICAN STOCK EXCHANGE</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center colSpan=7>SIFIC / ICS</TD>
  </TR>

  <TR>

    <TD colSpan=7>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>STOCK EXCHANGE CODE:</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right colSpan=3><B>SIMEC </B>QUARTER:</TD>
    <TD align=left>4</TD>
    <TD align=left>YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B>GRUPO SIMEC, S.A.B. DE C.V.</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>
  </TR>

  <TR vAlign=bottom>

    <TD align=center colSpan=7><B>SELLS DISTRIBUTION BY PRODUCT</B></TD>
  </TR>

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

  <TR>

    <TD colSpan=7>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center colSpan=7><B>DOMESTIC SALES</B></TD>
  </TR>
</TABLE>
<br>
<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellspacing=0 cellpadding=2 border=1 width="100%">

  <tr valign=bottom>

    <td align=left>
      <div align="center"><b>MAIN PRODUCTS</b></div>
    </td>
    <td align=right colspan=2>
      <div align="center"><b>NET SALES</b></div>
    </td>
    <td align=left colspan="2">
      <div align="center"></div>
      <div align="center"><b>MAIN DESTINATION</b></div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=left>
      <div align="center"></div>
    </td>
    <td align=right>
      <div align="center"><b>VOLUME</b></div>
    </td>
    <td align=right>
      <div align="center"><b>AMOUNT</b></div>
    </td>
    <td align=left>
      <div align="center"><b>TRADEMARKS</b></div>
    </td>
    <td align=left>
      <div align="center"><b>CUSTOMERS</b></div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=left>COMMERCIAL PROFILES</td>
    <td align=right>890</td>
    <td align=right>7,603,320</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left>SPECIAL PROFILES</td>
    <td align=right>335</td>
    <td align=right>3,176,578</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr>

    <td colspan=5>&nbsp;&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left><b>T O T A L</b></td>
    <td align=left>&nbsp;</td>
    <td align=right><b>10,779,898</b></td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr>

    <td colspan=5>&nbsp;&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left><b>FOREIGN SALES</b></td>
    <td align=right>1,016</td>
    <td align=right><b>13,776,697</b></td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left><b>TOTAL</b></td>
    <td align=left>&nbsp;</td>
    <td align=right><b>24,556,595</b></td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>
</table>
<BR>
<HR align=center width="100%" noshade SIZE=5>
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<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=0 width="100%" border=0>

  <TR>

    <TD width="28%"></TD>
    <TD width="15%"></TD>
    <TD width="11%"></TD>
    <TD width="10%"></TD>
    <TD width="7%"></TD>
    <TD width="5%"></TD>
    <TD width="19%"></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center colSpan=7>MEXICAN STOCK EXCHANGE</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center colSpan=7>SIFIC / ICS</TD>
  </TR>

  <TR>

    <TD colSpan=7>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>STOCK EXCHANGE CODE:</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right colSpan=2><B>SIMEC </B>QUARTER:</TD>
    <TD align=left>4</TD>
    <TD align=left>YEAR: <B>2010</B></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B>GRUPO SIMEC, S.A.B. DE C.V.</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>
  </TR>

  <TR vAlign=bottom>

    <TD align=center colSpan=7><B>SELLS DISTRIBUTION BY PRODUCT</B></TD>
  </TR>

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


  <TR>

    <TD colSpan=7>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=center colSpan=7><B>FOREIGN SALES</B></TD>
  </TR>

  <TR>

    <TD colSpan=7>&nbsp;</TD>
  </TR>
























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
























  <tr valign=bottom>

    <td align=left>
      <div align="center"><b>MAIN PRODUCTS</b></div>
    </td>
    <td align=center colspan="2">
      <div align="center"><b>NET SELLS</b></div>
    </td>
    <td align=left colspan="2">
      <div align="center"></div>
      <div align="center"><b>MAIN</b></div>
    </td>
  </tr>



  <tr valign=bottom>

    <td align=left>
      <div align="center"></div>
    </td>
    <td align=right>
      <div align="center"><b>VOLUME</b></div>
    </td>
    <td align=right>
      <div align="center"><b>AMOUNT</b></div>
    </td>
    <td align=left>
      <div align="center"><b>TRADEMARKS</b></div>
    </td>
    <td align=left>
      <div align="center"><b>CUSTOMERS</b></div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=left><b>EXPORTS</b></td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left>COMMERCIAL PROFILES</td>
    <td align=right>165</td>
    <td align=right>1,691,115</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left>SPECIAL PROFILES</td>
    <td align=right>74</td>
    <td align=right>878,647</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left>OTHERS</td>
    <td align=right>0</td>
    <td align=right>68,844</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>



  <tr valign=bottom>

    <td align=left><b>FOREIGN SUBSIDIARIES</b></td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left>SPECIAL PROFILES</td>
    <td align=right>777</td>
    <td align=right>11,138,091</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>

  <tr>

    <td colspan=5>&nbsp;</td>
  </tr>

  <tr valign=bottom>

    <td align=left><b>T O T A L</b></td>
    <td align=left>&nbsp;</td>
    <td align=right><b>13,776,697</b></td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
  </tr>
</table>
<BR>
<HR align=center width="100%" noshade SIZE=5>
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<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=0 width="100%" border=0>
<TR>
     <TD width="28%"></TD>
     <TD width="45%"></TD>
     <TD width="6%"></TD>
     <TD width="18%"></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=4>MEXICAN STOCK EXCHANGE</TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=4>SIFIC / ICS</TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>STOCK EXCHANGE CODE:</TD>
     <TD align=left>
      <div align="right"><B>SIMEC </B>QUARTER:</div>
    </TD>
     <TD align=left>
      <div align="center">4</div>
    </TD>
     <TD align=left>YEAR: <B>2010</B></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B>GRUPO SIMEC, S.A.B. DE C.V.</B></TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=4><B>CONSTRUCTION IN PROGRESS</B></TD></TR>
<TR>
     <TD colSpan=4>&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"><B>CONSOLIDATED</B></div>
    </TD></TR></TABLE>

<P style="TEXT-ALIGN: left">THE PROJECTS IN PROGRESS AT DECEMBER 31, 2010, ARE:</P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=0 border=0 width="50%">

  <TR>

    <TD></TD>
    <TD></TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>
      <div align="center">PROJECTS IN PROGRESS</div>
    </TD>
    <TD align=right>TOTAL INVESTMENT</TD>
  </TR>

  <TR>

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

  <TR vAlign=bottom>

    <TD align=left>PROJECTS IN REPUBLIC</TD>
    <TD align=right>76,473</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>PROJECTS IN MEXICALI</TD>
    <TD align=right>5,883</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>PROJECTS IN TLAXCALA</TD>
    <TD align=right>316,116</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>PROJECTS IN GUADALAJARA</TD>
    <TD align=right>9,099</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left>PROJECTS IN SAN LUIS POTOSI</TD>
    <TD align=right>79,864</TD>
  </TR>

  <TR>

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

  <TR vAlign=bottom>

    <TD align=left><B>TOTAL INVESTMENT AT</B></TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>

    <TD align=left><B>DECEMBER 31, 2010</B></TD>
    <TD align=right><B>487,435</B></TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>&nbsp;</TD>
    <TD align=right>
      <hr noshade size="2" width="100" align="right">
    </TD>
  </TR>
</TABLE>
<BR>
<HR align=center width="100%" noshade SIZE=5>
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<P style="TEXT-ALIGN: center">MEXICAN STOCK EXCHANGE<BR>
SIFIC / ICS</P>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=0 width="100%" border=0>
<TR>
     <TD width="41%"></TD>
     <TD width="23%"></TD>
     <TD width="12%"></TD>
     <TD width="7%"></TD>
     <TD width="9%"></TD>
     <TD width="4%"></TD></TR>
<TR vAlign=bottom>
     <TD align=left>STOCK EXCHANGE CODE:</TD>
     <TD align=left>
      <div align="right"><B>SIMEC</B></div>
    </TD>
     <TD align=left>
      <div align="right">QUARTER:</div>
    </TD>
     <TD align=left>
      <div align="center">4</div>
    </TD>
     <TD align=left>
      <div align="center">YEAR:</div>
    </TD>
     <TD align=left><B>2010</B></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B>GRUPO SIMEC, S.A.B. DE C.V.</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></TR></TABLE>

<P style="TEXT-ALIGN: center"><B>TRANSACTIONS IN FOREIGN CURRENCY AND CONVERSION OF FINANCIAL STATEMENTS OF FOREIGN OPERATIONS</B><BR>
<B>INFORMATION RELATED TO BULLETIN B-15</B></P>
<P style="TEXT-ALIGN: right"><B>CONSOLIDATED</B></P>
<P style="TEXT-ALIGN: left"><B>Foreign currency transactions and exchange differences &#150; </B>Transactions in foreign currencies are recorded at the exchange rates prevailing at the celebration and liquidation dates. The assets and liabilities in foreign currencies are translated at the exchange rates prevailing at the date of the consolidated balance sheet. The exchange gains or losses incurred in connection with those assets or liabilities are included in the Statement of income, as part of the comprehensive financing cost. Note 3 presents the consolidated position in foreign currencies at the end of each year and the exchange rates used in the translation.</P>
<P style="TEXT-ALIGN: left">The functional and reporting currency of the Company is the Mexican peso. The financial statements of foreign subsidiaries were translated to Mexican pesos in accordance with the New Mexican Financial Reporting Standard MFRS B-15 "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: 'Arial'" cellSpacing=0 cellpadding=0 width="100%" border=0>
<TR>
     <TD width="26%"></TD>
     <TD width="48%"></TD>
     <TD width="7%"></TD>
     <TD width="17%"></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=4>MEXICAN STOCK EXCHANGE</TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=4>SIFIC / ICS</TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>STOCK EXCHANGE CODE:</TD>
     <TD align=left>
      <div align="right"><B>SIMEC </B>QUARTER:</div>
    </TD>
     <TD align=left>
      <div align="center">4</div>
    </TD>
     <TD align=left>YEAR: <B>2010</B></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B>GRUPO SIMEC, S.A.B. DE C.V.</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=left>
      <div align="right"><B>CONSOLIDATED</B></div>
    </TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=4><B>INTEGRATION OF THE PAID SOCIAL CAPITAL STOCK</B></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=4><B>CHARACTERISTICS OF THE SHARES</B></TD></TR></TABLE>
<br>
<table style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellspacing=0 cellpadding=2 border=1 width="100%">

  <tr valign=top>

    <td align=center rowspan="2"><b>SERIES</b></td>
    <td align=center rowspan=2><b>NOMINAL</b><br>

<b>VALUE</b></td>
    <td align=center rowspan=2><b>VALID</b><br>

<b>COUPON</b></td>
    <td align=center colspan="4" rowspan="2"><b>NUMBER OF SHARES</b></td>
    <td align=center colspan=2 rowspan=2><b>CAPITAL STOCK</b><br>

<b>(Thousands of Pesos)</b></td>
  </tr>

  <tr valign=bottom>

    </tr>

  <tr valign=bottom>

    <td align=center rowspan="2">&nbsp;</td>
    <td align=center rowspan="2">&nbsp;</td>
    <td align=center rowspan="2">&nbsp;</td>
    <td align=center rowspan=2><b>FIXED</b><br>

<b>PORTION</b></td>
    <td align=center rowspan=2><b>VARIABLE</b><br>

<b>PORTION</b></td>
    <td align=center rowspan="2"><b>MEXICAN</b></td>
    <td align=center rowspan=2><b>FREE</b><br>

<b>SUBSCRIPTION</b></td>
    <td align=center rowspan="2"><b>FIXED </b></td>
    <td align=center rowspan="2"><b>VARIABLE</b></td>
  </tr>

  <tr valign=bottom>

    </tr>

  <tr valign=bottom>

    <td align=center>B</td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>
      <div align="right">90,850,050</div>
    </td>
    <td align=left>
      <div align="right">406,859,164</div>
    </td>
    <td align=left>
      <div align="right">0</div>
    </td>
    <td align=right>
      <div align="right"> 497,709,214</div>
    </td>
    <td align=left>
      <div align="right">441,786</div>
    </td>
    <td align=right>
      <div align="right">1,978,444</div>
    </td>
  </tr>

  <tr valign=bottom>

    <td align=center><b>TOTAL</b></td>
    <td align=left>&nbsp;</td>
    <td align=left>&nbsp;</td>
    <td align=left>
      <div align="right"><b>90,850,050</b></div>
    </td>
    <td align=left>
      <div align="right"><b>406,859,164</b></div>
    </td>
    <td align=left>
      <div align="right"><b>0</b></div>
    </td>
    <td align=right>
      <div align="right"><b> </b>497,709,214</div>
    </td>
    <td align=left>
      <div align="right"><b>441,786</b></div>
    </td>
    <td align=right>
      <div align="right"><b>1,978,444</b></div>
    </td>
  </tr>
</table>


<BR>
<TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=2 border=1>



  <TR vAlign=bottom>

    <TD align=left colspan="2"><B>TOTAL NUMBER OF SHARES REPRESENTING THE PAID-IN CAPITAL STOCK ON THE DATE OF SENDING THE INFORMATION :</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;497,709,214</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: 'Arial'" cellSpacing=0 cellpadding=0 width="100%" border=0>
<TR>
     <TD width="28%"></TD>
     <TD width="46%"></TD>
     <TD width="7%"></TD>
     <TD width="17%"></TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=4>MEXICAN STOCK EXCHANGE</TD></TR>
<TR vAlign=bottom>
     <TD align=center colSpan=4>SIFIC / ICS</TD></TR>
<TR>
     <TD colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>STOCK EXCHANGE CODE:</TD>
     <TD align=left>
      <div align="right"><B>SIMEC </B>QUARTER:</div>
    </TD>
     <TD align=left>
      <div align="center">4</div>
    </TD>
     <TD align=left>YEAR: <B>2010</B></TD></TR>
<TR vAlign=bottom>
     <TD align=left><B>GRUPO SIMEC, S.A.B. DE C.V.</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=left>
      <div align="right"><B>CONSOLIDATED</B></div>
    </TD></TR></TABLE>

<P style="TEXT-ALIGN: center"><B>DECLARATION OF THE COMPANY OFFICIALS RESPONSIBLE FOR THE INFORMATION CONTAINED IN THIS REPORT.</B></P>
<P style="TEXT-ALIGN: left">LUIS GARCIA LIMON AND ADOLFO LUNA LUNA CERTIFY THAT BASED ON OUR KNOWLEDGE, THIS REPORT DOES NOT CONTAIN ANY UNTRUE STATEMENT OF A MATERIAL FACT OR OMIT TO STATE A MATERIAL FACT NECESSARY TO MAKE THE STATEMENTS MADE HEREIN, IN LIGHT OF THE CIRCUMSTANCES UNDER WHICH SUCH STATEMENTS WERE MADE, NOT MISLEADING WITH RESPECT TO THE PERIOD COVERED BY THIS FIRST QUARTER REPORT.</P>
<P style="TEXT-ALIGN: left">&nbsp;</P>
<div align="center">
  <TABLE style="FONT-SIZE: 10pt; FONT-FAMILY: 'Arial'" cellSpacing=0 cellpadding=0 border=0 width="75%">

    <TR>

      <TD></TD>
      <TD></TD>
  </TR>

    <TR vAlign=bottom>

      <TD align=left><B>ING LUIS GARCIA LIMON</B></TD>
      <TD align=center>
        <div align="center"><B>C.P. ADOLFO LUNA LUNA</B></div>
      </TD>
  </TR>

    <TR vAlign=bottom>

      <TD align=left><B>CHIEF EXECUTIVE OFFICER</B></TD>
      <TD align=center><B>CHIEF FINANCIAL OFFICER</B></TD>
  </TR>
  </TABLE>
  <BR>

</div>
<P style="TEXT-ALIGN: center"><B>GUADALAJARA, JAL, AT FEBRUARY 16 OF 2010.</B></P>
<HR align=center width="100%" noshade SIZE=5>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
