<SEC-DOCUMENT>0000891092-11-002905.txt : 20110503
<SEC-HEADER>0000891092-11-002905.hdr.sgml : 20110503
<ACCEPTANCE-DATETIME>20110503164322
ACCESSION NUMBER:		0000891092-11-002905
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110503
FILED AS OF DATE:		20110503
DATE AS OF CHANGE:		20110503

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:		11805950

	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>e43400_6k.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>

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

<B>SECURITIES AND EXCHANGE COMMISSION<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>
<P style="text-align: center;" align="center"> For the month of <U>May, 2011.</U></P>
<div align="center"></div>
<div align="center">Group Simec, Inc.<br>
</div>
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<div align="center">(Translation of Registrant&#146;s Name Into English)<br>
  <br>
  Av. Lazaro Cardenas 601, Colonia la Nogalera, Guadalajara, Jalisco, Mexico 44440<br>
  </div>
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<div align="center">(Address of principal executive office)
</div>
<P style="text-align: left;"> Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. </P>
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    <td align=left width=5%>&nbsp;&nbsp;</td>
    <td align=left width=20%> <font size=2>Form 20-F</font></td>
    <td align=left width=20%><font face=Wingdings>x</font></td>
    <td align=left width=20%> <font size=2>Form 40-F</font></td>
    <td align=left width=20%><font face=Wingdings>&#168;</font></td>
  </tr>

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

</table>
<P style="text-align: left;"> Indicate by check mark whether the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)</P>
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  <tr valign="bottom">
    <td align=left width=5%>&nbsp;&nbsp;</td>
    <td align=left width=20%> <font size=2>Yes</font></td>
    <td align=left width=20%><font face=Wingdings>&#168;</font></td>
    <td align=left width=20%> <font size=2>No</font></td>
    <td align=left width=20%><font face=Wingdings>x</font></td>
  </tr>

</table>
<P style="text-align: left;"> Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. </P>
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    <td align=left width=5%>&nbsp;&nbsp;</td>
    <td align=left width=20%> <font size=2>Yes</font></td>
    <td align=left width=20%><font face=Wingdings>&#168;</font></td>
    <td align=left width=20%> <font size=2>No</font></td>
    <td align=left width=20%><font face=Wingdings>x</font></td>
  </tr>

</table>
<P style="text-align: left;"> (If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-_______________________.)</P>
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<P style="text-align: left;"> SIGNATURE</P>
<P style="text-align: left;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
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    <TD width=54%></TD>
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    <TD align=left width="50%">&nbsp; </TD>
    <TD align=left width="4%">&nbsp; </TD>
    <TD align=center colspan=2> <font size="2">GRUPO SIMEC, S.A.B. de C.V.</font></TD>
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    <TD align=left width="50%"><font size="2"></font></TD>
    <TD align=left width="4%"><font size="2"></font></TD>
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      <hr noshade size="1">
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    <TD align=left width="50%">&nbsp; </TD>
    <TD align=left width="4%">&nbsp; </TD>
    <TD align=left colspan="2">
      <div align="center"><font size="2">(Registrant)</font></div>
    </TD>
  </TR>





  <TR>

    <TD width="50%">&nbsp; </TD>
    <TD width="4%"><font size="2"></font></TD>
    <TD width="6%"><font size="2"></font></TD>
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    <TD align=left width="50%"> <font size="2">Date: May 3, 2011.</font></TD>
    <TD align=left width="4%"> <font size="2">By:</font></TD>
    <TD align=left colspan=2 width="6%"> <font size="2">/s/ Luis Garc&iacute;a Lim&oacute;n</font></TD>
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    <TD align=left width="4%"><font size="2"></font></TD>
    <TD align=left colspan="2" width="6%">
      <hr noshade size="1">
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    <TD align=left width="50%">&nbsp; </TD>
    <TD align=left width="4%">&nbsp; </TD>
    <TD align=left width="6%"> <font size="2">Name:</font></TD>
    <TD align=center width="54%">
      <div align="left"><font size="2">Luis Garc&iacute;a Lim&oacute;n</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width="50%">&nbsp; </TD>
    <TD align=left width="4%">&nbsp; </TD>
    <TD align=left width="6%"> <font size="2">Title:</font></TD>
    <TD align=left width="54%"> <font size="2">Chief Executive Officer</font></TD>
  </TR>

</TABLE>
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<P style="text-align: left;"> GUADALAJARA, MEXICO, May 2, 2011- Grupo Simec, S.A.B. de C.V. (AMEX: SIM) (&#147;Simec&#148;) announced today its results of operations for the three-month period ended March 31, 2011.</P>
<P style="text-align: left;"> <B>Comparative first quarter of 2011 vs. first quarter of 2010</B></P>
<P style="text-align: left;"> <B><I>Net Sales</I></B></P>
<P style="text-align: left;"> Net sales of the company increased 3% by the
combination of: improved in the sales price and fall of volume of shipments,
sales rose from Ps. 6,393 millions in the first quarter of 2010 to Ps. 6,565
millions in the same period of 2011. Shipments of finished steel products
decreased 11%, from 604 thousand tons in the first quarter of 2010 compared to
538 thousand tons in the same period of 2011. Total sales outside of Mexico in
the first quarter of 2011 increased 9% to Ps. 3,678 millions compared to Ps.
3,380 millions in the same period of 2010. The Mexican sales decreased 4% from
Ps. 3,013 millions in the first quarter of 2010 to Ps. 2,887 millions in the
same period of 2011. The increase in sales can be explained due to improvement
in the price of the subsidiary Simrep, because the volume of tons shipments in
both periods are similar, while the finished products of the facilities of
Mexico showed a fall in the first quarter of 2011, by the failure of the
transformer in the plant of Guadalajara. Comparatively with the same period of
2010, sales in volume decreased 66 thousand shipment in 2011. The average price
of steel products increased 15% in the first quarter of 2011 compared with the
same period of 2010.</P>
<P style="text-align: left;"> <B><I>Direct Cost of Sales</I></B></P>
<P style="text-align: left;"> Direct cost of sales increased 5% from Ps. 5,391 millions in the first quarter of 2010 to Ps. 5,682 millions in the same period of 2011. Direct cost of sales as a percentage of net sales in the first quarter of 2011 represented 87% compared to 84% the same period of previous year. The increase is due to increase in price of raw materials. The average cost of finished steel products in the first quarter of 2011 increased 18% compared to the same period of 2010.</P>
<P style="text-align: left;"> <B><I>Marginal Profit</I></B></P>
<P style="text-align: left;"> Marginal profit of the company for the same period decreased 12% from Ps. 1,002 millions in 2010 to Ps. 883 millions in the same period of 2011. Marginal profit as a percentage of net sales in the first quarter of 2011 was 13% and for the same period of 2010 was 16%. The fall in marginal profit is due to fall in volume of shipments and increase in raw materials during the first quarter of 2011 compared with the same period of 2010.</P>
<P style="text-align: left;"> <B><I>Operating Expenses</I></B></P>
<P style="text-align: left;"> Operating expenses decrease 20% to Ps. 282 millions in the first quarter of 2011 compared to Ps. 354 millions in the same period of 2010, and represented 4% of net sales in the first quarter of 2011 and 6% in the first quarter of 2010.</P>
<P style="text-align: left;"> <B><I>Operating Income</I></B></P>
<P style="text-align: left;"> Operating income decreased 7% from Ps. 648 millions for the first quarter of 2010 compared to Ps. 601 millions in the same period of 2011. Operating income as a percentage of net sales was 10% in the first quarter of 2010 compared to 9% in the same period of 2011. The decreased in operating income is due to fall in volume of shipments, increased in raw material during the first quarter of 2011 compared with the same period of 2010.</P>
<P style="text-align: left;"> <B>EBITDA</B></P>
<P style="text-align: left;"> The ebitda of the company for the first quarter of 2011, show a decreased of 8%, by the above mentioned, to fall from Ps. 906 millions in the first quarter of 2010 compared against Ps. 831 millions of the first quarter of 2011,</P>
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<P style="text-align: left;"> <B><I>Comprehensive Financial Cost</I></B></P>
<P style="text-align: left;"> Comprehensive financial cost in the first quarter of 2011 represented an expense of Ps. 84 millions compared with an expense of Ps. 24 millions in the same period of 2010. Net interest income was Ps. 2 millions in the first quarter of 2011 compared with a net gain of Ps. 3 millions in the same period of 2010. At the same time, Simec registered an exchange loss of Ps. 86 millions in the first quarter of 2011 compared with an exchange loss of Ps. 27 millions in the same period of 2010, due to 5.3% revaluation of the peso versus the dollar as of March 31, 2011 compared to December 31, 2010.</P>
<P style="text-align: left;"> <B><I>Other Expenses (Income) net</I></B></P>
<P style="text-align: left;"> The company recorded other income net of Ps. 1 millions in the first quarter of 2011 compared to other income net of Ps. 10 millions in the same period of 2010.</P>
<P style="text-align: left;"> <B><I>Income Taxes</I></B></P>
<P style="text-align: left;"> Income Taxes recorded an income of Ps. 11 millions in the first quarter of 2011 (including the income of Ps. 33 millions of deferred income taxes) compared to an expense of Ps. 21 millions in the same period of 2010 (including the benefits of Ps. 2 millions of deferred income taxes).</P>
<P style="text-align: left;"> <B><I>Net Income</I></B></P>
<P style="text-align: left;"> As a result of the foregoing, net income decreased 14% to Ps. 529 millions in the first quarter of 2011 versus Ps. 614 millions in the same period of 2010.</P>
<P style="text-align: left;"> <B><I>Liquidity and Capital Resources</I></B></P>
<P style="text-align: left;"> As of March 31, 2011, Simec&#146;s total consolidated debt consisted of U.S. &#36;302,000 of 8 7/8% medium-term notes (&#147;MTN's&#148;) due 1998, or Ps. 3.6 millions (accrued interest on March 31, 2011 was U.S. &#36;452,189, or Ps. 5.4 millions). As of December 31, 2010, Simec&#146;s total consolidated debt consisted of U.S. &#36;302,000 of 8 7/8% medium-term notes (&#147;MTN's&#148;) due 1998 (accrued interest on December 31, 2010 was U.S. &#36;445,314).</P>
<P style="text-align: left;"> <B>Comparative first quarter of 2011 vs. fourth quarter of 2010</B></P>
<P style="text-align: left;"> <B><I>Net Sales</I></B></P>
<P style="text-align: left;"> Net sales of the company increased 17% from Ps. 5,615 millions of the fourth quarter of 2010 to Ps. 6,565 millions to the first quarter of 2011. Sales in tons of finished steel increased 3% from 522 thousand tons in the fourth quarter of 2010 compared with 538 thousand tons in the first quarter of 2011. The total sales outside of Mexico for the first quarter of 2011 increased 19% to Ps. 3,094 millions in the fourth quarter of 2010, compared with Ps. 3,678 millions for the first quarter of 2011. The Mexican sales increased 15% from Ps. 2,521 millions in the fourth quarter of 2010 to Ps. 2,887 millions in the first quarter of 2011. Prices of finished products sold in the first quarter 2011 increased 13% compared to the fourth quarter 2010.</P>
<P style="text-align: left;"> <B><I>Direct Cost of Sales</I></B></P>
<P style="text-align: left;"> Direct cost of sales increased 11% from Ps. 5,136 millions in the fourth quarter of 2010 to Ps. 5,682 millions in the first quarter of 2011. With respect to sales, in the first quarter of 2011, the direct cost of sales represent 87% compared to 91% for the fourth quarter of 2010. The average cost of raw materials used to produce steel products increased 7% in the first quarter of 2011 versus the fourth quarter of 2010, primarily as a result of increase in the volume of shipments and increases in the price of raw materials.</P>
<P style="text-align: left;"> <B><I>Marginal (Loss) Profit</I></B></P>
<P style="text-align: left;"> Marginal profit for the first quarter of 2011 grew to Ps. 883 millions compared with the profit of Ps. 479 millions in the fourth quarter of 2010, this represented an increased of 84%. The marginal profit as a percentage of net</P>
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<P style="text-align: left;"> sales for the first quarter of 2011 was 13% compared with 9% for the fourth quarter of 2010. The increase in marginal profit is due to the swift improved in the volume of the shipments and improved of the sales price.</P>
<P style="text-align: left;"> <B><I>Operating Expenses</I></B></P>
<P style="text-align: left;"> Operating expenses represented to Ps. 282 millions in the first quarter of 2011 versus Ps. 325 millions in the fourth quarter of 2010, equivalent to a decreased of 13%. Operating expenses as a percentage of net sales represented 4% during the first quarter of 2011 and 6% for the fourth quarter of 2010.</P>
<P style="text-align: left;"> <B><I>Operating (Loss) Income</I></B></P>
<P style="text-align: left;"> Operating income was Ps. 601 millions in the first quarter of 2011 compared to Ps. 154 millions of the fourth quarter of 2010. The operating income increase 290% between both quarters. The operating income as a percentage of net sales in the first quarter of 2011 was 9% compared to a operating loss of 3% in the fourth quarter 2010. The increase in operating income is due to the improved in shipments and sales price for the first quarter of 2011 compared with the fourth quarter of 2010.</P>
<P style="text-align: left;"> <B>EBITDA</B></P>
<P style="text-align: left;"> The ebitda of the first quarter of 2011 was of Ps. 831 millions compared to Ps. 402 millions of the fourth quarter of 2010, an increased of Ps 429 millions.</P>
<P style="text-align: left;"> <B><I>Comprehensive Financial Cost</I></B></P>
<P style="text-align: left;"> Comprehensive financial cost for the first quarter of 2011 represented an expense of Ps. 84 millions compared with an expense of Ps. 10 millions for the fourth quarter of 2010. Net interest income was Ps. 2 millions in the first quarter of 2011 compared with a zero cost in the fourth quarter of 2010. At the same time we registered an exchange net loss of Ps. 86 millions in the first quarter of 2011 compared with an exchange net loss of Ps. 10 millions in the fourth quarter of 2010.</P>
<P style="text-align: left;"> <B><I>Other Expenses (Income) net</I></B></P>
<P style="text-align: left;"> The company recorded other income net of Ps. 1 millions in the first quarter of 2011 compared with other expenses net of Ps. 14 millions for the fourth quarter of 2010.</P>
<P style="text-align: left;"> <B><I>Income Taxes</I></B></P>
<P style="text-align: left;"> Income Taxes, the company recorded an income of Ps. 11 millions in the first quarter of 2011 (include an income of income tax deferred for Ps 33 millions) compared against an income of Ps. 85 millions of income for income tax for the fourth quarter of 2010.</P>
<P style="text-align: left;"> <B><I>Income (Loss)</I></B></P>
<P style="text-align: left;"> As a result of the foregoing, the company recorded a net income of Ps. 529 millions in the first quarter 2011 compared to a net income of Ps. 215 millions in the fourth quarter 2010.</P>
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<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" width=100% cellpadding="2">



  <TR valign="bottom" align="center">

    <TD rowspan="2">  <B><FONT size=2>(Millions of pesos)</FONT></B></TD>
    <TD rowspan="2">  <B><FONT size=2>1Q &#145;11</FONT></B></TD>
    <TD rowspan="2">  <B><FONT size=2>1Q &#145;10</FONT></B></TD>
    <TD rowspan="2">  <B><FONT size=2>4Q &#145;10</FONT></B></TD>
    <TD rowspan="2"> <B><FONT size=2>1Q&acute;11 vs</FONT></B><B><FONT size=2><br>
      1Q'10</FONT></B></TD>
    <TD rowspan="2"> <B><FONT size=2>1Q&acute;11 vs</FONT></B> <B><FONT size=2><br>
      4Q&acute;10</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Sales</FONT></TD>
    <TD align=right> <FONT size=2>6,565</FONT></TD>
    <TD align=right> <FONT size=2>6,393</FONT></TD>
    <TD align=right> <FONT size=2>5,615</FONT></TD>
    <TD align=right> <FONT size=2>3%</FONT></TD>
    <TD align=right> <FONT size=2>17%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Cost of Sales</FONT></TD>
    <TD align=right> <FONT size=2>5,682</FONT></TD>
    <TD align=right> <FONT size=2>5,391</FONT></TD>
    <TD align=right> <FONT size=2>5,136</FONT></TD>
    <TD align=right> <FONT size=2>5%</FONT></TD>
    <TD align=right> <FONT size=2>11%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Gross Profit</FONT></TD>
    <TD align=right> <FONT size=2>883</FONT></TD>
    <TD align=right> <FONT size=2>1.002</FONT></TD>
    <TD align=right> <FONT size=2>479</FONT></TD>
    <TD align=right> <FONT size=2>(12%)</FONT></TD>
    <TD align=right> <FONT size=2>84%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Operating Expenses</FONT></TD>
    <TD align=right> <FONT size=2>282</FONT></TD>
    <TD align=right> <FONT size=2>354</FONT></TD>
    <TD align=right> <FONT size=2>325</FONT></TD>
    <TD align=right> <FONT size=2>(20%)</FONT></TD>
    <TD align=right> <FONT size=2>(13%)</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Operating Profit</FONT></TD>
    <TD align=right> <FONT size=2>601</FONT></TD>
    <TD align=right> <FONT size=2>648</FONT></TD>
    <TD align=right> <FONT size=2>154</FONT></TD>
    <TD align=right> <FONT size=2>(7%)</FONT></TD>
    <TD align=right> <FONT size=2>290%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>EBITDA</FONT></TD>
    <TD align=right> <FONT size=2>831</FONT></TD>
    <TD align=right> <FONT size=2>906</FONT></TD>
    <TD align=right> <FONT size=2>402</FONT></TD>
    <TD align=right> <FONT size=2>(8%)</FONT></TD>
    <TD align=right> <FONT size=2>107%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Net Profit</FONT></TD>
    <TD align=right> <FONT size=2>529</FONT></TD>
    <TD align=right> <FONT size=2>614</FONT></TD>
    <TD align=right> <FONT size=2>215</FONT></TD>
    <TD align=right> <FONT size=2>(14%)</FONT></TD>
    <TD align=right> <FONT size=2>146%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Sales outside Mexico</FONT></TD>
    <TD align=right> <FONT size=2>3,678</FONT></TD>
    <TD align=right> <FONT size=2>3,380</FONT></TD>
    <TD align=right> <FONT size=2>3,094</FONT></TD>
    <TD align=right> <FONT size=2>9%</FONT></TD>
    <TD align=right> <FONT size=2>19%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Sales in M&eacute;xico</FONT></TD>
    <TD align=right> <FONT size=2>2,887</FONT></TD>
    <TD align=right> <FONT size=2>3,013</FONT></TD>
    <TD align=right> <FONT size=2>2,521</FONT></TD>
    <TD align=right> <FONT size=2>(4%)</FONT></TD>
    <TD align=right> <FONT size=2>15%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Total sales (tons)</FONT></TD>
    <TD align=right> <FONT size=2>538</FONT></TD>
    <TD align=right> <FONT size=2>604</FONT></TD>
    <TD align=right> <FONT size=2>522</FONT></TD>
    <TD align=right> <FONT size=2>(11%)</FONT></TD>
    <TD align=right> <FONT size=2>3%</FONT></TD>
  </TR>

</TABLE>
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  <TR valign="bottom">

    <TD align=center rowspan="5" valign="top"> <font size="2"><B>Product</B>
      </font>
      <div align="center"></div>
    </TD>
    <TD align=left colspan="9">&nbsp;         </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left rowspan="4">
      <div align="center"><font size="2"><B>Thousands</B><br>
        <B>of tons</B> <B><br>
      1Q '11</B></font></div>
    </TD>
    <TD align=left rowspan="4">
      <div align="center"><font size="2"><B>Millions of</B><br>
        <B>pesos</B> <B><br>
      1Q'11</B></font></div>
    </TD>
    <TD align=left rowspan="4">
      <div align="center"><font size="2"><B>Average</B> <B><br>
      price per</B> <B><br>
      ton 1Q'11</B></font></div>
    </TD>
    <TD align=left rowspan="4">
      <div align="center"><font size="2"><B>Thousands<br>
        </B><B>
      of tons</B> <B><br>
      1Q'10</B></font></div>
    </TD>
    <TD align=left rowspan="4">
      <div align="center"><font size="2"><B>Millions<br>
      </B> <B>of pesos</B><br>
        <B>1Q'10</B></font></div>
    </TD>
    <TD align=center rowspan="4">
      <div align="center"><font size="2"><B>Average</B> <B><br>
      price per</B><br>
       <B>ton</B> <B><br>
      1Q'10</B></font></div>
    </TD>
    <TD align=left rowspan="4">
      <div align="center"><font size="2"><B>Thousands</B><B><br>
      of tons</B> <B><br>
      4Q'10</B></font></div>
    </TD>
    <TD align=left rowspan="4">
      <div align="center"><font size="2"><B>Millions<br>
        </B><B>
      of pesos</B><br>
        <B>
      4Q'10</B></font></div>
    </TD>
    <TD align=center rowspan="4">
      <div align="center"><font size="2"><B>Average</B><B><br>
      price per<br>
        </B><B>
      ton<br>
        </B><B>4Q'10</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2"><B>Comercial Profiles</B></font></TD>
    <TD align=left style="TEXT-INDENT:8.000000px">
      <div align="right"><font size="2">234</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">2,362</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:3.000000px">
      <div align="right"><font size="2">10,094</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">284</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">2,488</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">8,760</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">261</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">2,428</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">9,303</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2"><B>Special Profiles</B></font></TD>
    <TD align=left style="TEXT-INDENT:8.000000px">
      <div align="right"><font size="2">304</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">4,203</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:3.000000px">
      <div align="right"><font size="2">13,825</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">320</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">3,905</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><font size="2">12,203</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">261</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">3,187</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><font size="2">12,211</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left>&nbsp; </TD>
    <TD align=left style="TEXT-INDENT:8.000000px">
      <div align="right"><font size="2">538</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">6565</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:3.000000px">
      <div align="right"><font size="2">10,202</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">604</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">6,393</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><font size="2">10,584</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">522</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">5,615</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><font size="2">10,757</font></div>
    </TD>
  </TR>

</TABLE>
<BR>

<P style="text-align: left;"> <B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The comparative table of the three Quarter Income have been modified with the full cost system</B></P>
<P style="text-align: left;"> <I>Any forward-looking information contained herein is inherently subject to various risks, uncertainties and assumptions which, if incorrect, may cause actual results to vary materially from those anticipated, expected or estimated. The company assumes no obligation to update any forward-looking information contained herein</I></P>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;">

  <TR>

    <TD width=29%></TD>
    <TD width=42%></TD>
    <TD width=16%></TD>
    <TD width=11%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">STOCK EXCHANGE CODE<B>: SIMEC</B></font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left colspan="2">
      <div align="right"><font size="2">QUARTER:</font> <font size="2">1 YEAR: <B>2011</B></font></div>
    </TD>
  </TR>

  <TR>

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

  <TR valign="bottom">

    <TD align=left> <font size="2">GRUPO SIMEC, S.A.B. DE C.V.</font></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> <font size="2"><B>CONSOLIDATED FINANCIAL STATEMENT</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">AT MARCH 31 OF 2011 AND 2010</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">(thousands of Mexican pesos)</font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="bottom">

    <TD align=center rowspan="2">
      <div align="center"><font size="2">REF<br>
        S</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:29.000000px" rowspan="2" valign="top">
      <div align="center"><font size="2">CONCEPTS</font></div>
    </TD>
    <TD align=right rowspan="2" colspan=2 valign="top">
      <div align="center"><font size="2">CURRENT YEAR</font></div>
      <div align="center"></div>
    </TD>
    <TD align=left colspan=2 style="TEXT-INDENT:2.000000px" rowspan="2" valign="top">
      <div align="center"><font size="2">PREVIOUS YEAR</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left>&nbsp; </TD>
    <TD align=left valign="top">&nbsp; </TD>
    <TD align=center valign="top"> <font size="2">AMOUNT</font></TD>
    <TD align=left valign="top">
      <div align="center"><font size="2">%</font> </div>
    </TD>
    <TD align=center valign="top"> <font size="2">AMOUNT</font></TD>
    <TD align=right valign="top">
      <div align="center"><font size="2">%</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2"><B>s01</B></font></TD>
    <TD align=left> <font size="2"><B>TOTAL ASSETS</B></font></TD>
    <TD align=right> <font size="2"><B>27,691,000</B></font></TD>
    <TD align=right> <font size="2"><B>100</B></font></TD>
    <TD align=right> <font size="2"><B>27,449,233</B></font></TD>
    <TD align=right> <font size="2"><B>100</B></font></TD>
  </TR>

  <TR>

    <TD>&nbsp;  </TD>
    <TD><font size="2">&nbsp; </font></TD>
    <TD><font size="2">&nbsp; </font></TD>
    <TD><font size="2">&nbsp; </font></TD>
    <TD><font size="2">&nbsp; </font></TD>
    <TD><font size="2">&nbsp; </font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2"><B>s02</B></font></TD>
    <TD align=left> <font size="2"><B>CURRENT ASSETS</B></font></TD>
    <TD align=right> <font size="2"><B>14,102,998</B></font></TD>
    <TD align=right> <font size="2"><B>51</B></font></TD>
    <TD align=right> <font size="2"><B>13,321,144</B></font></TD>
    <TD align=right> <font size="2"><B>49</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s03</font></TD>
    <TD align=left> <font size="2">CASH AND SHORT-TERM INVESTMENTS</font></TD>
    <TD align=right> <font size="2">3,510,387</font></TD>
    <TD align=right> <font size="2">13</font></TD>
    <TD align=right> <font size="2">1,915,544</font></TD>
    <TD align=right> <font size="2">7</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s04</font></TD>
    <TD align=left> <font size="2">ACCOUNTS AND NOTES RECEIVABLE (NET)</font></TD>
    <TD align=right> <font size="2">2,925,469</font></TD>
    <TD align=right> <font size="2">11</font></TD>
    <TD align=right> <font size="2">3,407,404</font></TD>
    <TD align=right> <font size="2">12</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s05</font></TD>
    <TD align=left> <font size="2">OTHER ACCOUNTS AND NOTES RECEIVABLE</font></TD>
    <TD align=right> <font size="2">765,750</font></TD>
    <TD align=right> <font size="2">3</font></TD>
    <TD align=right> <font size="2">1,488,539</font></TD>
    <TD align=right> <font size="2">5</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s06</font></TD>
    <TD align=left> <font size="2">INVENTORIES</font></TD>
    <TD align=right> <font size="2">6,819,309</font></TD>
    <TD align=right> <font size="2">25</font></TD>
    <TD align=right> <font size="2">6,245,142</font></TD>
    <TD align=right> <font size="2">23</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s07</font></TD>
    <TD align=left> <font size="2">OTHER CURRENT ASSETS</font></TD>
    <TD align=right> <font size="2">82,083</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">264,515</font></TD>
    <TD align=right> <font size="2">1</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2"><B>s08</B></font></TD>
    <TD align=left> <font size="2"><B>LONG-TERM</B></font></TD>
    <TD align=right> <font size="2"><B>0</B></font></TD>
    <TD align=right> <font size="2"><B>0</B></font></TD>
    <TD align=right> <font size="2"><B>0</B></font></TD>
    <TD align=right> <font size="2"><B>0</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s09</font></TD>
    <TD align=left> <font size="2">ACCOUNTS AND NOTES RECEIVABLE (NET)</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right rowspan="2" valign="top"> <font size="2">s10</font> </TD>
    <TD align=left rowspan="2"> <font size="2">INVESTMENT IN SHARES OF NON-CONSOLIDATED</font>
      <div align="left"><font size="2">SUBSIDIARIES AND ASSOCIATES</font></div>
    </TD>
    <TD align=right rowspan="2">  <font size="2">0</font></TD>
    <TD align=right rowspan="2">  <font size="2">0</font></TD>
    <TD align=right rowspan="2">  <font size="2">0</font></TD>
    <TD align=right rowspan="2">  <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s11</font></TD>
    <TD align=left> <font size="2">OTHER INVESTMENTS</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2"><B>s12</B></font></TD>
    <TD align=left> <font size="2"><B>PROPERTY, PLANT AND EQUIPMENT (NET)</B></font></TD>
    <TD align=right> <font size="2"><B>9,401,542</B></font></TD>
    <TD align=right> <font size="2"><B>34</B></font></TD>
    <TD align=right> <font size="2"><B>9,587,893</B></font></TD>
    <TD align=right> <font size="2"><B>35</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s13</font></TD>
    <TD align=left> <font size="2">LAND AND BULIDINGS</font></TD>
    <TD align=right> <font size="2">3,982,923</font></TD>
    <TD align=right> <font size="2">14</font></TD>
    <TD align=right> <font size="2">3,722,224</font></TD>
    <TD align=right> <font size="2">14</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s14</font></TD>
    <TD align=left> <font size="2">MACHINERY AND INDUSTRIAL EQUIPMENT</font></TD>
    <TD align=right> <font size="2">13,039,574</font></TD>
    <TD align=right> <font size="2">47</font></TD>
    <TD align=right> <font size="2">12,869,908</font></TD>
    <TD align=right> <font size="2">47</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s15</font></TD>
    <TD align=left> <font size="2">OTHER EQUIPMENT</font></TD>
    <TD align=right> <font size="2">237,805</font></TD>
    <TD align=right> <font size="2">1</font></TD>
    <TD align=right> <font size="2">232,483</font></TD>
    <TD align=right> <font size="2">1</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s16</font></TD>
    <TD align=left> <font size="2">ACCUMULATED DEPRECIATION</font></TD>
    <TD align=right> <font size="2">8,285,512</font></TD>
    <TD align=right> <font size="2">30</font></TD>
    <TD align=right> <font size="2">7,627,548</font></TD>
    <TD align=right> <font size="2">28</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s17</font></TD>
    <TD align=left> <font size="2">CONSTRUCTION IN PROGRESS</font></TD>
    <TD align=right> <font size="2">426,752</font></TD>
    <TD align=right> <font size="2">2</font></TD>
    <TD align=right> <font size="2">390,826</font></TD>
    <TD align=right> <font size="2">1</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2"><B>s18</B></font></TD>
    <TD align=left> <font size="2"><B>OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET)</B></font></TD>
    <TD align=right> <font size="2"><B>4,030,844</B></font></TD>
    <TD align=right> <font size="2"><B>15</B></font></TD>
    <TD align=right> <font size="2"><B>4,398,698</B></font></TD>
    <TD align=right> <font size="2"><B>16</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2"><B>s19</B></font></TD>
    <TD align=left> <font size="2"><B>OTHER ASSETS</B></font></TD>
    <TD align=right> <font size="2"><B>155,616</B></font></TD>
    <TD align=right> <font size="2"><B>1</B></font></TD>
    <TD align=right> <font size="2"><B>141,498</B></font></TD>
    <TD align=right> <font size="2"><B>1</B></font></TD>
  </TR>
  <tr>

    <td>&nbsp;  </td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
  </tr>



  <TR valign="bottom">

    <TD align=right> <font size="2"><B>s20</B></font></TD>
    <TD align=left> <font size="2"><B>TOTAL LIABILITIES</B></font></TD>
    <TD align=right> <font size="2"><B>6,807,387</B></font></TD>
    <TD align=right> <font size="2"><B>100</B></font></TD>
    <TD align=right> <font size="2"><B>7,092,796</B></font></TD>
    <TD align=right> <font size="2"><B>100</B></font></TD>
  </TR>
  <tr>

    <td>&nbsp;  </td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
  </tr>



  <TR valign="bottom">

    <TD align=right> <font size="2"><B>s21</B></font></TD>
    <TD align=left> <font size="2"><B>CURRENT LIABILITIES</B></font></TD>
    <TD align=right> <font size="2"><B>4,093,462</B></font></TD>
    <TD align=right> <font size="2"><B>60</B></font></TD>
    <TD align=right> <font size="2"><B>4,291,458</B></font></TD>
    <TD align=right> <font size="2"><B>61</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s22</font></TD>
    <TD align=left> <font size="2">SUPPLIERS</font></TD>
    <TD align=right> <font size="2">2,598,994</font></TD>
    <TD align=right> <font size="2">38</font></TD>
    <TD align=right> <font size="2">2,303,126</font></TD>
    <TD align=right> <font size="2">32</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s23</font></TD>
    <TD align=left> <font size="2">BANK LOANS</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s24</font></TD>
    <TD align=left> <font size="2">STOCK MARKET LOANS</font></TD>
    <TD align=right> <font size="2">3,614</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">3,764</font></TD>
    <TD align=right> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s103</font></TD>
    <TD align=left> <font size="2">OTHER LOANS WITH COST</font></TD>
    <TD align=right> <font size="2">581,130</font></TD>
    <TD align=right> <font size="2">9</font></TD>
    <TD align=right> <font size="2">774,315</font></TD>
    <TD align=right> <font size="2">11</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s25</font></TD>
    <TD align=left> <font size="2">TAXES PAYABLE</font></TD>
    <TD align=right> <font size="2">387,049</font></TD>
    <TD align=right> <font size="2">6</font></TD>
    <TD align=right> <font size="2">181,507</font></TD>
    <TD align=right> <font size="2">3</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s26</font></TD>
    <TD align=left> <font size="2">OTHER CURRENT LIABILITIES WITHOUT COST</font></TD>
    <TD align=right> <font size="2">522,675</font></TD>
    <TD align=right> <font size="2">8</font></TD>
    <TD align=right> <font size="2">1,028,746</font></TD>
    <TD align=right> <font size="2">15</font></TD>
  </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=right> <font size="2">s28</font></TD>
    <TD align=left> <font size="2">BANK LOANS</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s29</font></TD>
    <TD align=left> <font size="2">STOCK MARKET LOANS</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s30</font></TD>
    <TD align=left> <font size="2">OTHER LOANS WITH COST</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=right> <font size="2"><B>s32</B></font></TD>
    <TD align=left> <font size="2"><B>OTHER NON-CURRENT LIABILITIES WITHOUT COST</B></font></TD>
    <TD align=right> <font size="2"><B>2,713,925</B></font></TD>
    <TD align=right> <font size="2"><B>40</B></font></TD>
    <TD align=right> <font size="2"><B>2,801,338</B></font></TD>
    <TD align=right> <font size="2"><B>39</B></font></TD>
  </TR>
  <tr>

    <td>&nbsp;  </td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
  </tr>



  <TR valign="bottom">

    <TD align=right> <font size="2"><B>s33</B></font></TD>
    <TD align=left> <font size="2"><B>CONSOLIDATED STOCKHOLDERS&#146; EQUITY</B></font></TD>
    <TD align=right> <font size="2"><B>20,883,613</B></font></TD>
    <TD align=right> <font size="2"><B>100</B></font></TD>
    <TD align=right> <font size="2"><B>20,356,437</B></font></TD>
    <TD align=right> <font size="2"><B>100</B></font></TD>
  </TR>
  <tr>

    <td>&nbsp;  </td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
  </tr>



  <TR valign="bottom">

    <TD align=right> <font size="2"><B>s34</B></font></TD>
    <TD align=left> <font size="2"><B>MINORITY INTEREST</B></font></TD>
    <TD align=right> <font size="2"><B>1,768,711</B></font></TD>
    <TD align=right> <font size="2"><B>8</B></font></TD>
    <TD align=right> <font size="2"><B>2,101,638</B></font></TD>
    <TD align=right> <font size="2"><B>10</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2"><B>s35</B></font></TD>
    <TD align=left> <font size="2"><B>MAJORITY INTEREST</B></font></TD>
    <TD align=right> <font size="2"><B>19,114,902</B></font></TD>
    <TD align=right> <font size="2"><B>92</B></font></TD>
    <TD align=right> <font size="2"><B>18,254,799</B></font></TD>
    <TD align=right> <font size="2"><B>90</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2"><B>s36</B></font></TD>
    <TD align=left> <font size="2"><B>CONTRIBUTED CAPITAL</B></font></TD>
    <TD align=right> <font size="2"><B>8,350,900</B></font></TD>
    <TD align=right> <font size="2"><B>40</B></font></TD>
    <TD align=right> <font size="2"><B>8,350,900</B></font></TD>
    <TD align=right> <font size="2"><B>41</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">S79</font></TD>
    <TD align=left> <font size="2">CAPITAL STOCK</font></TD>
    <TD align=right> <font size="2">4,142,696</font></TD>
    <TD align=right> <font size="2">20</font></TD>
    <TD align=right> <font size="2">4,142,696</font></TD>
    <TD align=right> <font size="2">20</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s39</font></TD>
    <TD align=left> <font size="2">PREMIUM ON ISSUANCE OF SHARES</font></TD>
    <TD align=right> <font size="2">4,208,204</font></TD>
    <TD align=right> <font size="2">20</font></TD>
    <TD align=right> <font size="2">4,208,204</font></TD>
    <TD align=right> <font size="2">21</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s40</font></TD>
    <TD align=left> <font size="2">CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2"><B>s41</B></font></TD>
    <TD align=left> <font size="2"><B>EARNED CAPITAL</B></font></TD>
    <TD align=right> <font size="2"><B>10,764,002</B></font></TD>
    <TD align=right> <font size="2"><B>52</B></font></TD>
    <TD align=right> <font size="2"><B>9,903,899</B></font></TD>
    <TD align=right> <font size="2"><B>49</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s42</font></TD>
    <TD align=left> <font size="2">RETAINED EARNINGS AND CAPITAL RESERVES</font></TD>
    <TD align=right> <font size="2">10,462,101</font></TD>
    <TD align=right> <font size="2">50</font></TD>
    <TD align=right> <font size="2">9,645,761</font></TD>
    <TD align=right> <font size="2">47</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s44</font></TD>
    <TD align=left> <font size="2">OTHER ACCUMULATED COMPREHENSIVE RESULT</font></TD>
    <TD align=right> <font size="2">301,901</font></TD>
    <TD align=right> <font size="2">1</font></TD>
    <TD align=right> <font size="2">258,138</font></TD>
    <TD align=right> <font size="2">1</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">s80</font></TD>
    <TD align=left> <font size="2">SHARES REPURCHASED</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
  </TR>

</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
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<BR>
<P style="text-align: left;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;">

  <TR>

    <TD width=29%></TD>
    <TD width=42%></TD>
    <TD width=16%></TD>
    <TD width=11%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">STOCK EXCHANGE CODE<B>: SIMEC</B></font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left colspan="2">
      <div align="right"><font size="2">QUARTER:</font> <font size="2">1 YEAR: <B>2011</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">GRUPO SIMEC, S.A.B. DE C.V.</font></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> <font size="2"><B>CONSOLIDATED FINANCIAL STATEMENT</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">BREAKDOWN OF MAIN CONCEPTS</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">(thousands of Mexican pesos)</font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="bottom">

    <TD align=center rowspan="2">
      <div align="center"><B><FONT size=2>REF<br>
      </FONT></B><B><FONT size=2>S</FONT></B></div>
    </TD>
    <TD align=left style="TEXT-INDENT:29.000000px" rowspan="2" valign="top">
      <div align="center"><B><FONT size=2>CONCEPTS</FONT></B> </div>
    </TD>
    <TD align=right colspan=2 rowspan="2" valign="top">
      <div align="center"><B><FONT size=2>CURRENT YEAR</FONT></B>   </div>
    </TD>
    <TD align=right colspan=2 rowspan="2" valign="top">
      <div align="center"><B><FONT size=2>PREVIOUS YEAR</FONT></B>   </div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=center> <B><FONT size=2>AMOUNT</FONT></B></TD>
    <TD align=center><b><font size=2>%</font></b> </TD>
    <TD align=center> <B><FONT size=2>AMOUNT</FONT></B></TD>
    <TD align=center><b><font size=2>%</font></b> </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><B><FONT size=2>s03</FONT></B></div>
    </TD>
    <TD align=left> <B><FONT size=2>CASH AND SHORT-TERM INVESTMENTS</FONT></B></TD>
    <TD align=right> <B><FONT size=2>3,510,387</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
    <TD align=right> <B><FONT size=2>1,915,544</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s46</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>CASH</FONT></TD>
    <TD align=right> <FONT size=2>700,135</FONT></TD>
    <TD align=right> <FONT size=2>20</FONT></TD>
    <TD align=right> <FONT size=2>972,927</FONT></TD>
    <TD align=right> <FONT size=2>51</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s47</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>SHORT-TERM INVESTMENTS</FONT></TD>
    <TD align=right> <FONT size=2>2,810,252</FONT></TD>
    <TD align=right> <FONT size=2>80</FONT></TD>
    <TD align=right> <FONT size=2>942,617</FONT></TD>
    <TD align=right> <FONT size=2>49</FONT></TD>
  </TR>
  <tr>

    <td>&nbsp;  </td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
  </tr>



  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><B><FONT size=2>s07</FONT></B></div>
    </TD>
    <TD align=left> <B><FONT size=2>OTHER CURRENT ASSETS</FONT></B></TD>
    <TD align=right> <B><FONT size=2>82,083</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
    <TD align=right> <B><FONT size=2>264,515</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s81</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>DERIVATIVE FINANCIAL INSTRUMENTS</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s82</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>DISCONTINUED OPERATIONS</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s83</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>OTHER</FONT></TD>
    <TD align=right> <FONT size=2>82,083</FONT></TD>
    <TD align=right> <FONT size=2>100</FONT></TD>
    <TD align=right> <FONT size=2>264,515</FONT></TD>
    <TD align=right> <FONT size=2>100</FONT></TD>
  </TR>
  <tr>

    <td>&nbsp;  </td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
  </tr>



  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><B><FONT size=2>s18</FONT></B></div>
    </TD>
    <TD align=left> <B><FONT size=2>OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET)</FONT></B></TD>
    <TD align=right> <B><FONT size=2>&nbsp;&nbsp;4,030,844</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
    <TD align=right> <B><FONT size=2>&nbsp;&nbsp;4,398,698</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s48</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>DEFERRED EXPENSES</FONT></TD>
    <TD align=right> <FONT size=2>2,222,085</FONT></TD>
    <TD align=right> <FONT size=2>55</FONT></TD>
    <TD align=right> <FONT size=2>2,591,121</FONT></TD>
    <TD align=right> <FONT size=2>59</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s49</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>GOODWILL</FONT></TD>
    <TD align=right> <FONT size=2>1,797,672</FONT></TD>
    <TD align=right> <FONT size=2>45</FONT></TD>
    <TD align=right> <FONT size=2>1,798,293</FONT></TD>
    <TD align=right> <FONT size=2>41</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s51</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>OTHER</FONT></TD>
    <TD align=right> <FONT size=2>11,087</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>9,284</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>
  <tr>

    <td>&nbsp;  </td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
  </tr>



  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><B><FONT size=2>s19</FONT></B></div>
    </TD>
    <TD align=left> <B><FONT size=2>OTHER ASSETS</FONT></B></TD>
    <TD align=right> <B><FONT size=2>155,616</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
    <TD align=right> <B><FONT size=2>141,498</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s84</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>INTANGIBLE ASSET FROM LABOR OBLIGATIONS</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s85</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>DERIVATIVE FINANCIAL INSTRUMENTS</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s50</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>DEFERRED TAXES</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s86</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>DISCONTINUED OPERATIONS</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s87</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>OTHER</FONT></TD>
    <TD align=right> <FONT size=2>155,616</FONT></TD>
    <TD align=right> <FONT size=2>100</FONT></TD>
    <TD align=right> <FONT size=2>141,498</FONT></TD>
    <TD align=right> <FONT size=2>100</FONT></TD>
  </TR>
  <tr>

    <td>&nbsp;  </td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
  </tr>



  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><B><FONT size=2>s21</FONT></B></div>
    </TD>
    <TD align=left> <B><FONT size=2>CURRENT LIABILITIES</FONT></B></TD>
    <TD align=right> <B><FONT size=2>4,093,462</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
    <TD align=right> <B><FONT size=2>4,291,458</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s52</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>FOREIGN CURRENCY LIABILITIES</FONT></TD>
    <TD align=right> <FONT size=2>2,906,823</FONT></TD>
    <TD align=right> <FONT size=2>71</FONT></TD>
    <TD align=right> <FONT size=2>2,863,780</FONT></TD>
    <TD align=right> <FONT size=2>67</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s53</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>MEXICAN PESOS LIABILITIES</FONT></TD>
    <TD align=right> <FONT size=2>1,186,639</FONT></TD>
    <TD align=right> <FONT size=2>29</FONT></TD>
    <TD align=right> <FONT size=2>1,427,678</FONT></TD>
    <TD align=right> <FONT size=2>33</FONT></TD>
  </TR>
  <tr>

    <td>&nbsp;  </td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
  </tr>



  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><B><FONT size=2>s26</FONT></B></div>
    </TD>
    <TD align=left> <B><FONT size=2>OTHER CURRENT LIABILITIES WITHOUT COST</FONT></B></TD>
    <TD align=right> <B><FONT size=2>522,675</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
    <TD align=right> <B><FONT size=2>1,028,746</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s88</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>DERIVATIVE FINANCIAL INSTRUMENTS</FONT></TD>
    <TD align=right> <FONT size=2>45,961</FONT></TD>
    <TD align=right> <FONT size=2>9</FONT></TD>
    <TD align=right> <FONT size=2>211,104</FONT></TD>
    <TD align=right> <FONT size=2>21</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s89</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>INTEREST LIABILITIES</FONT></TD>
    <TD align=right> <FONT size=2>5,413</FONT></TD>
    <TD align=right> <FONT size=2>1</FONT></TD>
    <TD align=right> <FONT size=2>5,300</FONT></TD>
    <TD align=right> <FONT size=2>1</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s68</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>PROVISIONS</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s90</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>DISCONTINUED OPERATIONS</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s58</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>OTHER CURRENT LIABILITIES</FONT></TD>
    <TD align=right> <FONT size=2>471,301</FONT></TD>
    <TD align=right> <FONT size=2>90</FONT></TD>
    <TD align=right> <FONT size=2>812,342</FONT></TD>
    <TD align=right> <FONT size=2>79</FONT></TD>
  </TR>
  <tr>

    <td>&nbsp;  </td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
  </tr>



  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><B><FONT size=2>s27</FONT></B></div>
    </TD>
    <TD align=left> <B><FONT size=2>LONG-TERM LIABILITIES</FONT></B></TD>
    <TD align=right> <B><FONT size=2>0</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
    <TD align=right> <B><FONT size=2>0</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s59</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>FOREIGN CURRENCY LIABILITIES</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s60</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>MEXICAN PESOS LIABILITIES</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>
  <tr>

    <td>&nbsp;  </td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
  </tr>



  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><B><FONT size=2>s31</FONT></B></div>
    </TD>
    <TD align=left> <B><FONT size=2>DEFERRED LIABILITIES</FONT></B></TD>
    <TD align=right> <B><FONT size=2>0</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
    <TD align=right> <B><FONT size=2>0</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s65</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>NEGATIVE GOODWILL</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s67</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>OTHER</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>
  <tr>

    <td>&nbsp;  </td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
  </tr>



  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><B><FONT size=2>s32</FONT></B></div>
    </TD>
    <TD align=left> <B><FONT size=2>OTHER NON CURRENT LIABILITIES WITHOUT COST</FONT></B></TD>
    <TD align=right> <B><FONT size=2>2,713,925</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
    <TD align=right> <B><FONT size=2>2,801,338</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s66</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>DEFERRED TAXES</FONT></TD>
    <TD align=right> <FONT size=2>2,630,015</FONT></TD>
    <TD align=right> <FONT size=2>97</FONT></TD>
    <TD align=right> <FONT size=2>2,709,898</FONT></TD>
    <TD align=right> <FONT size=2>97</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s91</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>OTHER LIABILITIES IN RESPECT OF SOCIAL INSURANCE</FONT></TD>
    <TD align=right> <FONT size=2>34,410</FONT></TD>
    <TD align=right> <FONT size=2>1</FONT></TD>
    <TD align=right> <FONT size=2>31,852</FONT></TD>
    <TD align=right> <FONT size=2>1</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s92</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>DISCONTINUED OPERATIONS</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s69</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>OTHER LIABILITIES</FONT></TD>
    <TD align=right> <FONT size=2>49,500</FONT></TD>
    <TD align=right> <FONT size=2>2</FONT></TD>
    <TD align=right> <FONT size=2>59,588</FONT></TD>
    <TD align=right> <FONT size=2>2</FONT></TD>
  </TR>
  <tr>

    <td>&nbsp;  </td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
  </tr>



  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><B><FONT size=2>s79</FONT></B></div>
    </TD>
    <TD align=left> <B><FONT size=2>CAPITAL STOCK</FONT></B></TD>
    <TD align=right> <B><FONT size=2>4,142,696</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
    <TD align=right> <B><FONT size=2>4,142,696</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s37</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>CAPITAL STOCK (NOMINAL)</FONT></TD>
    <TD align=right> <FONT size=2>2,420,230</FONT></TD>
    <TD align=right> <FONT size=2>58</FONT></TD>
    <TD align=right> <FONT size=2>2,420,230</FONT></TD>
    <TD align=right> <FONT size=2>58</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>s69</FONT></div>
    </TD>
    <TD align=left> <FONT size=2>RESTATEMENT OF CAPITAL STOCK</FONT></TD>
    <TD align=right> <FONT size=2>1,722,466</FONT></TD>
    <TD align=right> <FONT size=2>42</FONT></TD>
    <TD align=right> <FONT size=2>1,722,466</FONT></TD>
    <TD align=right> <FONT size=2>42</FONT></TD>
  </TR>

</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
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<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=29%></TD>
    <TD width=42%></TD>
    <TD width=16%></TD>
    <TD width=11%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">STOCK EXCHANGE CODE<B>: SIMEC</B></font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left colspan="2">
      <div align="right"><font size="2">QUARTER:</font> <font size="2">1 YEAR: <B>2011</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">GRUPO SIMEC, S.A.B. DE C.V.</font></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> <font size="2"><B>CONSOLIDATED FINANCIAL STATEMENT</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">BREAKDOWN OF MAIN CONCEPTS</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">(thousands of Mexican pesos)</font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="bottom">

    <TD align=right rowspan="2">
      <div align="center"><B><FONT size=2>REF<br>
      </FONT></B><B><FONT size=2>S</FONT></B></div>
    </TD>
    <TD align=left style="TEXT-INDENT:29.000000px" rowspan="2" valign="top">
      <div align="center"><B><FONT size=2>CONCEPTS</FONT></B> </div>
    </TD>
    <TD align=right colspan=2 rowspan="2" valign="top">
      <div align="center"><B><FONT size=2>CURRENT YEAR</FONT></B>   </div>
    </TD>
    <TD align=right colspan=2 rowspan="2" valign="top">
      <div align="center"><B><FONT size=2>PREVIOUS YEAR</FONT></B>   </div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=right> <B><FONT size=2>s42</FONT></B></TD>
    <TD align=left> <B><FONT size=2>RETAINED EARNINGS AND CAPITAL RESERVES</FONT></B></TD>
    <TD align=right> <B><FONT size=2>10,462,101</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
    <TD align=right> <B><FONT size=2>9,645,761</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>s93</FONT></TD>
    <TD align=left> <FONT size=2>LEGAL RESERVE</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=right> <FONT size=2>s94</FONT></TD>
    <TD align=left> <FONT size=2>OTHER RESERVES</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>s95</FONT></TD>
    <TD align=left> <FONT size=2>RETAINED EARNINGS</FONT></TD>
    <TD align=right> <FONT size=2>9,778,636</FONT></TD>
    <TD align=right> <FONT size=2>93</FONT></TD>
    <TD align=right> <FONT size=2>8,875,093</FONT></TD>
    <TD align=right> <FONT size=2>92</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>s45</FONT></TD>
    <TD align=left> <FONT size=2>NET INCOME FOR THE YEAR</FONT></TD>
    <TD align=right> <FONT size=2>482,853</FONT></TD>
    <TD align=right> <FONT size=2>5</FONT></TD>
    <TD align=right> <FONT size=2>570,056</FONT></TD>
    <TD align=right> <FONT size=2>6</FONT></TD>
  </TR>
  <tr>

    <td>&nbsp;  </td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
    <td><font size="2">&nbsp; </font></td>
  </tr>



  <TR valign="bottom">

    <TD align=right> <B><FONT size=2>s44</FONT></B></TD>
    <TD align=left> <B><FONT size=2>OTHER ACCUMULATED COMPREHENSIVE RESULT</FONT></B></TD>
    <TD align=right> <B><FONT size=2>301,901</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
    <TD align=right> <B><FONT size=2>258,138</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>s70</FONT></TD>
    <TD align=left> <FONT size=2>ACCUMULATED MONETARY RESULT</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>s71</FONT></TD>
    <TD align=left> <FONT size=2>RESULT FROM HOLDING NON-MONETARY ASSETS</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right rowspan="2" valign="top"> <FONT size=2>s96</FONT> </TD>
    <TD align=left rowspan="2"> <FONT size=2>CUMULATIVE RESULT FROM FOREIGN CURRENCY</FONT> <FONT size=2><br>
      TRANSLATION</FONT></TD>
    <td rowspan="2" align="right"><font size="2">&nbsp; </font> <FONT size=2>333,887</FONT></td>
    <td rowspan="2" align="right"><font size="2">&nbsp; </font> <FONT size=2>118</FONT></td>
    <td rowspan="2" align="right"><font size="2">&nbsp; </font> <FONT size=2>405,914</FONT></td>
    <td rowspan="2" align="right"><font size="2">&nbsp; </font> <FONT size=2>157</FONT></td>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=right rowspan="2" valign="top"> <FONT size=2>s97</FONT> </TD>
    <TD align=left rowspan="2"> <FONT size=2>CUMULATIVE RESULT FROM DERIVATIVE FINANCIAL</FONT> <FONT size=2><br>
      INSTRUMENTS</FONT></TD>
    <td rowspan="2" align="right"><font size="2">&nbsp; </font> <FONT size=2>(31,986)</FONT></td>
    <td rowspan="2" align="right"><font size="2">&nbsp; </font> <FONT size=2>(11)</FONT></td>
    <td rowspan="2" align="right"><font size="2">&nbsp; </font> <FONT size=2>(147,776)</FONT></td>
    <td rowspan="2" align="right"><font size="2">&nbsp; </font> <FONT size=2>(57)</FONT></td>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>s98</FONT></TD>
    <TD align=left> <FONT size=2>CUMULATIVE EFFECT OF DEFERRED INCOME TAXES</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>s99</FONT></TD>
    <TD align=left> <FONT size=2>LABOR OBLIGATION ADJUSTMENT</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>s100</FONT></TD>
    <TD align=left> <FONT size=2>OTHER</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=32%></TD>
    <TD width=37%></TD>
    <TD width=18%></TD>
    <TD width=11%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>STOCK EXCHANGE CODE</FONT><B><FONT size=2>: SIMEC</FONT></B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left colspan="2">
      <div align="right"><FONT size=2>QUARTER:</FONT> <FONT size=2>1 </FONT><FONT size=2>YEAR: </FONT><B><FONT size=2>2011</FONT></B></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>GRUPO SIMEC, S.A. DE C.V.</FONT></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><FONT size=2>BALANCE SHEETS</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <FONT size=2>OTHER CONCEPTS</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <FONT size=2>(thousands of Mexican pesos)</FONT></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="bottom">

    <TD align=center rowspan="2" width="6%">
      <div align="center"><font size="2"><B>REF<br>
      S</B></font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:29.000000px" rowspan="2" valign="top" width="60%">
      <div align="center"><font size="2"><B>CONCEPTS</B> </font></div>
    </TD>
    <TD align=center rowspan="2" valign="top" width="18%">
      <div align="center"><font size="2"><B>CURRENT YEAR</B> </font></div>
    </TD>
    <TD align=center rowspan="2" valign="top" width="16%">
      <div align="center"><font size="2"><B>PREVIOUS YEAR</B> </font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left width="6%">&nbsp; </TD>
    <TD align=left width="60%">&nbsp; </TD>
    <TD align=center width="18%"> <font size="2"><B>AMOUNT</B></font></TD>
    <TD align=center width="16%"> <font size="2"><B>AMOUNT</B></font></TD>
  </TR>

  <TR>

    <TD width="6%">&nbsp; </TD>
    <TD width="60%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
    <TD width="16%">&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="6%">
      <div align="right"><font size="2">S72</font></div>
    </TD>
    <TD align=left width="60%"> <font size="2">WORKING CAPITAL</font></TD>
    <TD align=right width="18%"> <font size="2">10,009,536</font></TD>
    <TD align=right width="16%"> <font size="2">9,029,686</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="6%">
      <div align="right"><font size="2">S73</font></div>
    </TD>
    <TD align=left width="60%"> <font size="2">PENSIONS FUND AND SENIORITY PREMIUMS</font></TD>
    <TD align=right width="18%"> <font size="2">0</font></TD>
    <TD align=right width="16%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="6%">
      <div align="right"><font size="2">S74</font></div>
    </TD>
    <TD align=left width="60%"> <font size="2">EXECUTIVES (*)</font></TD>
    <TD align=right width="18%"> <font size="2">54</font></TD>
    <TD align=right width="16%"> <font size="2">55</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="6%">
      <div align="right"><font size="2">S75</font></div>
    </TD>
    <TD align=left width="60%"> <font size="2">EMPLOYERS (*)</font></TD>
    <TD align=right width="18%"> <font size="2">1,455</font></TD>
    <TD align=right width="16%"> <font size="2">1,539</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="6%">
      <div align="right"><font size="2">S76</font></div>
    </TD>
    <TD align=left width="60%"> <font size="2">WORKERS (*)</font></TD>
    <TD align=right width="18%"> <font size="2">3,081</font></TD>
    <TD align=right width="16%"> <font size="2">2,787</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="6%">
      <div align="right"><font size="2">S77</font></div>
    </TD>
    <TD align=left width="60%"> <font size="2">COMMON SHARES (*)</font></TD>
    <TD align=right width="18%"> <font size="2">497,709,214</font></TD>
    <TD align=right width="16%"> <font size="2">497,709,214</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="6%">
      <div align="right"><font size="2">S78</font></div>
    </TD>
    <TD align=left width="60%"> <font size="2">REPURCHASED SHARES (*)</font></TD>
    <TD align=right width="18%"> <font size="2">0</font></TD>
    <TD align=right width="16%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="6%">
      <div align="right"><font size="2">S101</font></div>
    </TD>
    <TD align=left width="60%"> <font size="2">RESTRICTED CASH</font></TD>
    <TD align=right width="18%"> <font size="2">0</font></TD>
    <TD align=right width="16%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="6%">
      <div align="right"><font size="2">S102</font></div>
    </TD>
    <TD align=left width="60%"> <font size="2">NET DEBT OF NON CONSOLIDATED COMPANIES</font></TD>
    <TD align=right width="18%"> <font size="2">581,130</font></TD>
    <TD align=right width="16%"> <font size="2">770,229</font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=0 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;">

  <TR>

    <TD nowrap valign=top width="100%" colspan="2"><font size="2"> (*)   </font><font size="2"> THESE ITEMS SHOULD BE EXPRESSED IN UNITS  </font></TD>
  </TR>

</TABLE>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=38%></TD>
    <TD width=37%></TD>
    <TD width=14%></TD>
    <TD width=11%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width="38%"> <font size="2">STOCK EXCHANGE CODE<B>: SIMEC</B></font></TD>
    <TD align=left width="37%">&nbsp; </TD>
    <TD align=left colspan="2">
      <div align="right"><font size="2">QUARTER:</font> <font size="2">1 YEAR: <B>2011</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width="38%"> <font size="2">GRUPO SIMEC, S.A.B. DE C.V.</font></TD>
    <TD align=left width="37%">&nbsp; </TD>
    <TD align=left width="14%">&nbsp; </TD>
    <TD align=left width="11%">&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2"><B>STATEMENTS OF INCOME</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">FROM JANUARY 1 TO MARCH 31 OF 2011 AND 2010</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">(thousands of Mexican pesos)</font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="bottom">

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

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=right> <B><FONT size=2>r01</FONT></B></TD>
    <TD align=left> <B><FONT size=2>NET SALES</FONT></B></TD>
    <TD align=right> <B><FONT size=2>6,565,451</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
    <TD align=right> <B><FONT size=2>6,392,994</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>r02</FONT></TD>
    <TD align=left> <FONT size=2>COST OF SALES</FONT></TD>
    <TD align=right> <FONT size=2>5,682,267</FONT></TD>
    <TD align=right> <FONT size=2>87</FONT></TD>
    <TD align=right> <FONT size=2>5,268,797</FONT></TD>
    <TD align=right> <FONT size=2>82</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <B><FONT size=2>r03</FONT></B></TD>
    <TD align=left> <B><FONT size=2>GROSS PROFIT</FONT></B></TD>
    <TD align=right> <B><FONT size=2>883,184</FONT></B></TD>
    <TD align=right> <B><FONT size=2>13</FONT></B></TD>
    <TD align=right> <B><FONT size=2>1,124,197</FONT></B></TD>
    <TD align=right> <B><FONT size=2>18</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>r04</FONT></TD>
    <TD align=left> <FONT size=2>OPERATING EXPENSES</FONT></TD>
    <TD align=right> <FONT size=2>282,259</FONT></TD>
    <TD align=right> <FONT size=2>4</FONT></TD>
    <TD align=right> <FONT size=2>512,081</FONT></TD>
    <TD align=right> <FONT size=2>8</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <B><FONT size=2>r05</FONT></B></TD>
    <TD align=left> <B><FONT size=2>OPERATING INCOME</FONT></B></TD>
    <TD align=right> <B><FONT size=2>600,925</FONT></B></TD>
    <TD align=right> <B><FONT size=2>9</FONT></B></TD>
    <TD align=right> <B><FONT size=2>612,116</FONT></B></TD>
    <TD align=right> <B><FONT size=2>10</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>r08</FONT></TD>
    <TD align=left> <FONT size=2>OTHER INCOME AND (EXPENSE), NET</FONT></TD>
    <TD align=right> <FONT size=2>938</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>10,229</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>r06</FONT></TD>
    <TD align=left> <FONT size=2>COMPREHENSIVE FINANCING RESULT</FONT></TD>
    <TD align=right> <FONT size=2>(84,279)</FONT></TD>
    <TD align=right> <FONT size=2>(1)</FONT></TD>
    <TD align=right> <FONT size=2>(24,346)</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=right> <B><FONT size=2>r09</FONT></B></TD>
    <TD align=left> <B><FONT size=2>INCOME BEFORE INCOME TAXES</FONT></B></TD>
    <TD align=right> <B><FONT size=2>517,584</FONT></B></TD>
    <TD align=right> <B><FONT size=2>8</FONT></B></TD>
    <TD align=right> <B><FONT size=2>597,999</FONT></B></TD>
    <TD align=right> <B><FONT size=2>9</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>r10</FONT></TD>
    <TD align=left> <FONT size=2>INCOME TAXES</FONT></TD>
    <TD align=right> <FONT size=2>(11,169)</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>20,534</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <B><FONT size=2>r11</FONT></B></TD>
    <TD align=left> <B><FONT size=2>INCOME (LOSS) BEFORE DISCONTINUED OPERATIONS</FONT></B></TD>
    <TD align=right> <B><FONT size=2>528,753</FONT></B></TD>
    <TD align=right> <B><FONT size=2>8</FONT></B></TD>
    <TD align=right> <B><FONT size=2>577,465</FONT></B></TD>
    <TD align=right> <B><FONT size=2>9</FONT></B></TD>
  </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=right> <B><FONT size=2>r18</FONT></B></TD>
    <TD align=left> <B><FONT size=2>NET CONSOLIDATED INCOME</FONT></B></TD>
    <TD align=right> <B><FONT size=2>528,753</FONT></B></TD>
    <TD align=right> <B><FONT size=2>8</FONT></B></TD>
    <TD align=right> <B><FONT size=2>577,465</FONT></B></TD>
    <TD align=right> <B><FONT size=2>9</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>r19</FONT></TD>
    <TD align=left> <FONT size=2>NET INCOME OF MINORITY INTEREST</FONT></TD>
    <TD align=right> <FONT size=2>45,900</FONT></TD>
    <TD align=right> <FONT size=2>1</FONT></TD>
    <TD align=right> <FONT size=2>7,409</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>r20</FONT></TD>
    <TD align=left> <FONT size=2>NET INCOME OF MAJORITY INTEREST</FONT></TD>
    <TD align=right> <B><FONT size=2>482,853</FONT></B></TD>
    <TD align=right> <B><FONT size=2>7</FONT></B></TD>
    <TD align=right> <B><FONT size=2>570,056</FONT></B></TD>
    <TD align=right> <B><FONT size=2>9</FONT></B></TD>
  </TR>

</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=31%></TD>
    <TD width=40%></TD>
    <TD width=17%></TD>
    <TD width=11%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">STOCK EXCHANGE CODE<B>: SIMEC</B></font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left colspan="2">
      <div align="right"><font size="2">QUARTER:</font> <font size="2">1 YEAR: <B>2011</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">GRUPO SIMEC, S.A.B. DE C.V.</font></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> <font size="2"><B>STATEMENTS OF INCOME</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">BREAKDOWN OF MAIN CONCEPTS</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">(thousands of Mexican pesos)</font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="bottom">

    <TD align=right rowspan="2">
      <div align="center"><font size="2"><B>REF<br>
      R</B></font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:29.000000px" rowspan="2" valign="top">
      <div align="center"><font size="2"><B>CONCEPTS</B></font></div>
    </TD>
    <TD align=right colspan=2 rowspan="2" valign="top">
      <div align="center"><font size="2"><B>CURRENT YEAR</B>   </font></div>
    </TD>
    <TD align=right colspan=2 rowspan="2" valign="top">
      <div align="center"><font size="2"><B>PREVIOUS YEAR</B>   </font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=right> <font size="2"><B>r01</B></font></TD>
    <TD align=left> <font size="2"><B>NET SALES</B></font></TD>
    <TD align=right> <font size="2"><B>6,565,451</B></font></TD>
    <TD align=right> <font size="2"><B>100</B></font></TD>
    <TD align=right> <font size="2"><B>6,392,994</B></font></TD>
    <TD align=right> <font size="2"><B>100</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">r21</font></TD>
    <TD align=left> <font size="2">DOMESTIC</font></TD>
    <TD align=right> <font size="2">2,887,125</font></TD>
    <TD align=right> <font size="2">44</font></TD>
    <TD align=right> <font size="2">3,012,812</font></TD>
    <TD align=right> <font size="2">47</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">r22</font></TD>
    <TD align=left> <font size="2">FOREIGN</font></TD>
    <TD align=right> <font size="2">3,678,326</font></TD>
    <TD align=right> <font size="2">56</font></TD>
    <TD align=right> <font size="2">3,380,182</font></TD>
    <TD align=right> <font size="2">53</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">r23</font></TD>
    <TD align=left> <font size="2">TRANSLATED INTO DOLLARS (***)</font></TD>
    <TD align=right> <font size="2">307,352</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">268,472</font></TD>
    <TD align=right> <font size="2">4</font></TD>
  </TR>

  <TR>

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

  <TR valign="bottom">

    <TD align=right> <font size="2"><B>r08</B></font></TD>
    <TD align=left> <font size="2"><B>OTHER INCOME AND (EXPENSE), NET</B></font></TD>
    <TD align=right> <font size="2"><B>938</B></font></TD>
    <TD align=right> <font size="2"><B>100</B></font></TD>
    <TD align=right> <font size="2"><B>10,229</B></font></TD>
    <TD align=right> <font size="2"><B>100</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">r49</font></TD>
    <TD align=left> <font size="2">OTHER INCOME AND (EXPENSE), NET</font></TD>
    <TD align=right> <font size="2">938</font></TD>
    <TD align=right> <font size="2">100</font></TD>
    <TD align=right> <font size="2">10,229</font></TD>
    <TD align=right> <font size="2">100</font></TD>
  </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR>

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

  <TR valign="bottom">

    <TD align=right> <font size="2"><B>r06</B></font></TD>
    <TD align=left> <font size="2"><B>COMPREHENSIVE FINANCING RESULT</B></font></TD>
    <TD align=right> <font size="2"><B>(84,279)</B></font></TD>
    <TD align=right> <font size="2"><B>100</B></font></TD>
    <TD align=right> <font size="2"><B>(24,346)</B></font></TD>
    <TD align=right> <font size="2"><B>100</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">r24</font></TD>
    <TD align=left> <font size="2">INTEREST EXPENSE</font></TD>
    <TD align=right> <font size="2">3,209</font></TD>
    <TD align=right> <font size="2">(4)</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0)</font></TD>
  </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=right> <font size="2">r26</font></TD>
    <TD align=left> <font size="2">INTEREST INCOME</font></TD>
    <TD align=right> <font size="2">5,379</font></TD>
    <TD align=right> <font size="2">(6)</font></TD>
    <TD align=right> <font size="2">2,580</font></TD>
    <TD align=right> <font size="2">(11)</font></TD>
  </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=right> <font size="2">r25</font></TD>
    <TD align=left> <font size="2">FOREIGN EXCHANGE GAIN (LOSS), NET</font></TD>
    <TD align=right> <font size="2">(86,449)</font></TD>
    <TD align=right> <font size="2">103</font></TD>
    <TD align=right> <font size="2">(26,926)</font></TD>
    <TD align=right> <font size="2">111</font></TD>
  </TR>

  <TR valign="bottom">

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

  <TR>

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

  <TR valign="bottom">

    <TD align=right> <font size="2">r10</font></TD>
    <TD align=left> <font size="2">INCOME TAXES</font></TD>
    <TD align=right> <font size="2"><B>(11,169)</B></font></TD>
    <TD align=right> <font size="2"><B>100</B></font></TD>
    <TD align=right> <font size="2"><B>20,534</B></font></TD>
    <TD align=right> <font size="2"><B>100</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">r32</font></TD>
    <TD align=left> <font size="2">INCOME TAX</font></TD>
    <TD align=right> <font size="2">22,133</font></TD>
    <TD align=right> <font size="2">(198)</font></TD>
    <TD align=right> <font size="2">22,231</font></TD>
    <TD align=right> <font size="2">108</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <font size="2">r33</font></TD>
    <TD align=left> <font size="2">DEFERRED INCOME TAX</font></TD>
    <TD align=right> <font size="2">(33,302)</font></TD>
    <TD align=right> <font size="2">298</font></TD>
    <TD align=right> <font size="2">(1,697)</font></TD>
    <TD align=right> <font size="2">(8)</font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=0 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;">

  <TR>

    <TD nowrap valign=top width="100%" colspan="2"> <font size="2">(***)          THOUSANDS OF DOLLARS</font>      </TD>
  </TR>

</TABLE>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=32%></TD>
    <TD width=37%></TD>
    <TD width=18%></TD>
    <TD width=11%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>STOCK EXCHANGE CODE</FONT><B><FONT size=2>: SIMEC</FONT></B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left colspan="2">
      <div align="right"><FONT size=2>QUARTER:</FONT> <FONT size=2>1 </FONT><FONT size=2>YEAR: </FONT><B><FONT size=2>2011</FONT></B></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>GRUPO SIMEC, S.A.B. DE C.V.</FONT></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><FONT size=2>STATEMENTS OF INCOME</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <FONT size=2>OTHER CONCEPTS</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <FONT size=2>(thousands of Mexican pesos)</FONT></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="bottom">

    <TD align=center rowspan="2" width="5%">
      <div align="center"><font size="2"><B>REF<br>
      R</B></font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:29.000000px" rowspan="2" width="57%" valign="top">
      <div align="center"><font size="2"><B>CONCEPTS</B> </font></div>
    </TD>
    <TD align=center rowspan="2" width="19%" valign="top">
      <div align="center"><font size="2"><B>CURRENT YEAR</B> </font></div>
    </TD>
    <TD align=center rowspan="2" width="19%" valign="top">
      <div align="center"><font size="2"><B>PREVIOUS YEAR</B> </font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left width="5%">&nbsp; </TD>
    <TD align=left width="57%">
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=center width="19%">
      <div align="center"><font size="2"><B>AMOUNT</B></font></div>
    </TD>
    <TD align=center width="19%">
      <div align="center"><font size="2"><B>AMOUNT</B></font></div>
    </TD>
  </TR>

  <TR>

    <TD width="5%">&nbsp; </TD>
    <TD width="57%"><font size="2">&nbsp;</font></TD>
    <TD width="19%"><font size="2">&nbsp;</font></TD>
    <TD width="19%"><font size="2">&nbsp;</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%">
      <div align="right"><font size="2">r36</font></div>
    </TD>
    <TD align=left width="57%"> <font size="2">TOTAL SALES</font></TD>
    <TD align=right width="19%"> <font size="2">6,634,778</font></TD>
    <TD align=right width="19%"> <font size="2">6,593,212</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%">
      <div align="right"><font size="2">r37</font></div>
    </TD>
    <TD align=left width="57%"> <font size="2">TAX RESULT FOR THE YEAR</font></TD>
    <TD align=right width="19%"> <font size="2">0</font></TD>
    <TD align=right width="19%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%">
      <div align="right"><font size="2">r38</font></div>
    </TD>
    <TD align=left width="57%"> <font size="2">NET SALES (**)</font></TD>
    <TD align=right width="19%"> <font size="2">24,729,052</font></TD>
    <TD align=right width="19%"> <font size="2">20,645,867</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%">
      <div align="right"><font size="2">r39</font></div>
    </TD>
    <TD align=left width="57%"> <font size="2">OPERATION INCOME (**)</font></TD>
    <TD align=right width="19%"> <font size="2">1,148,202</font></TD>
    <TD align=right width="19%"> <font size="2">501,313</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%">
      <div align="right"><font size="2">r40</font></div>
    </TD>
    <TD align=left width="57%"> <font size="2">NET INCOME OF MAJORITY INTEREST (**)</font></TD>
    <TD align=right width="19%"> <font size="2">997,481</font></TD>
    <TD align=right width="19%"> <font size="2">918,154</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%">
      <div align="right"><font size="2">r41</font></div>
    </TD>
    <TD align=left width="57%"> <font size="2">NET CONSOLIDATED INCOME (**)</font></TD>
    <TD align=right width="19%"> <font size="2">1,233,964</font></TD>
    <TD align=right width="19%"> <font size="2">1,294,351</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%">
      <div align="right"><font size="2">r47</font></div>
    </TD>
    <TD align=left width="57%"> <font size="2">OPERATIVE DEPRECIATION AND AMORTIZATION</font></TD>
    <TD align=right width="19%"> <font size="2">230,039</font></TD>
    <TD align=right width="19%"> <font size="2">258,484</font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=0 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;">

  <TR>

    <TD nowrap valign=top width="100%" colspan="2"><font size="2"> (**)&nbsp;</font><font size="2">RESTATED INFORMATION FOR THE LAST TWELVE MONTHS   </font></TD>
  </TR>


</TABLE>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=37%></TD>
    <TD width=38%></TD>
    <TD width=14%></TD>
    <TD width=11%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width="37%"> <font size="2">STOCK EXCHANGE CODE<B>: SIMEC</B></font></TD>
    <TD align=left width="38%">&nbsp; </TD>
    <TD align=left colspan="2">
      <div align="right"><font size="2">QUARTER:</font> <font size="2">1 YEAR: <B>2011</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width="37%"> <font size="2">GRUPO SIMEC, S.A.B. DE C.V.</font></TD>
    <TD align=left width="38%">&nbsp; </TD>
    <TD align=left width="14%">&nbsp; </TD>
    <TD align=left width="11%">&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2"><B>QUARTERLY STATEMENTS OF INCOME</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">FROM JANUARY 1 TO MARCH 31 OF 2011 AND 2010</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">(thousands of Mexican pesos)</font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="bottom">

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

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=right> <B><FONT size=2>r01</FONT></B></TD>
    <TD align=left> <B><FONT size=2>NET SALES</FONT></B></TD>
    <TD align=right> <B><FONT size=2>6,565,451</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
    <TD align=right> <B><FONT size=2>6,392,994</FONT></B></TD>
    <TD align=right> <B><FONT size=2>100</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>r02</FONT></TD>
    <TD align=left> <FONT size=2>COST OF SALES</FONT></TD>
    <TD align=right> <FONT size=2>5,682,267</FONT></TD>
    <TD align=right> <FONT size=2>87</FONT></TD>
    <TD align=right> <FONT size=2>5,268,797</FONT></TD>
    <TD align=right> <FONT size=2>82</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <B><FONT size=2>r03</FONT></B></TD>
    <TD align=left> <B><FONT size=2>GROSS PROFIT</FONT></B></TD>
    <TD align=right> <B><FONT size=2>883,184</FONT></B></TD>
    <TD align=right> <B><FONT size=2>13</FONT></B></TD>
    <TD align=right> <B><FONT size=2>1,124,197</FONT></B></TD>
    <TD align=right> <B><FONT size=2>18</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>r04</FONT></TD>
    <TD align=left> <FONT size=2>OPERATING EXPENSES</FONT></TD>
    <TD align=right> <FONT size=2>282,259</FONT></TD>
    <TD align=right> <FONT size=2>4</FONT></TD>
    <TD align=right> <FONT size=2>512,081</FONT></TD>
    <TD align=right> <FONT size=2>8</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <B><FONT size=2>r05</FONT></B></TD>
    <TD align=left> <B><FONT size=2>OPERATING INCOME</FONT></B></TD>
    <TD align=right> <B><FONT size=2>600,925</FONT></B></TD>
    <TD align=right> <B><FONT size=2>9</FONT></B></TD>
    <TD align=right> <B><FONT size=2>612,116</FONT></B></TD>
    <TD align=right> <B><FONT size=2>10</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>r08</FONT></TD>
    <TD align=left> <FONT size=2>OTHER INCOME AND (EXPENSE), NET</FONT></TD>
    <TD align=right> <FONT size=2>938</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>10,229</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>r06</FONT></TD>
    <TD align=left> <FONT size=2>COMPREHENSIVE FINANCING RESULT</FONT></TD>
    <TD align=right> <FONT size=2>(84,279)</FONT></TD>
    <TD align=right> <FONT size=2>(1)</FONT></TD>
    <TD align=right> <FONT size=2>(24,346)</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=right> <B><FONT size=2>r09</FONT></B></TD>
    <TD align=left> <B><FONT size=2>INCOME BEFORE INCOME TAXES</FONT></B></TD>
    <TD align=right> <B><FONT size=2>517,584</FONT></B></TD>
    <TD align=right> <B><FONT size=2>8</FONT></B></TD>
    <TD align=right> <B><FONT size=2>597,999</FONT></B></TD>
    <TD align=right> <B><FONT size=2>9</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>r10</FONT></TD>
    <TD align=left> <FONT size=2>INCOME TAXES</FONT></TD>
    <TD align=right> <FONT size=2>(11,169)</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>20,534</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <B><FONT size=2>r11</FONT></B></TD>
    <TD align=left> <B><FONT size=2>INCOME (LOSS) BEFORE DISCONTINUED OPERATIONS</FONT></B></TD>
    <TD align=right> <B><FONT size=2>528,753</FONT></B></TD>
    <TD align=right> <B><FONT size=2>8</FONT></B></TD>
    <TD align=right> <B><FONT size=2>577,465</FONT></B></TD>
    <TD align=right> <B><FONT size=2>9</FONT></B></TD>
  </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=right> <B><FONT size=2>r18</FONT></B></TD>
    <TD align=left> <B><FONT size=2>NET CONSOLIDATED INCOME</FONT></B></TD>
    <TD align=right> <B><FONT size=2>528,753</FONT></B></TD>
    <TD align=right> <B><FONT size=2>8</FONT></B></TD>
    <TD align=right> <B><FONT size=2>577,465</FONT></B></TD>
    <TD align=right> <B><FONT size=2>9</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>r19</FONT></TD>
    <TD align=left> <FONT size=2>NET INCOME OF MINORITY INTEREST</FONT></TD>
    <TD align=right> <FONT size=2>45,900</FONT></TD>
    <TD align=right> <FONT size=2>1</FONT></TD>
    <TD align=right> <FONT size=2>7,409</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right> <FONT size=2>r20</FONT></TD>
    <TD align=left> <FONT size=2>NET INCOME OF MAJORITY INTEREST</FONT></TD>
    <TD align=right> <B><FONT size=2>482,853</FONT></B></TD>
    <TD align=right> <B><FONT size=2>7</FONT></B></TD>
    <TD align=right> <B><FONT size=2>570,056</FONT></B></TD>
    <TD align=right> <B><FONT size=2>9</FONT></B></TD>
  </TR>

</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=30%></TD>
    <TD width=42%></TD>
    <TD width=16%></TD>
    <TD width=11%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">STOCK EXCHANGE CODE<B>: SIMEC</B></font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left colspan="2">
      <div align="right"><font size="2">QUARTER:</font> <font size="2">1 YEAR: <B>2011</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">GRUPO SIMEC, S.A.B. DE C.V.</font></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> <font size="2"><B>QUARTERLY STATEMENTS OF INCOME</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">BREAKDOWN OF MAIN CONCEPTS</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">(thousands of Mexican pesos)</font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="top">

    <TD align=right rowspan="2" width="5%">
      <div align="center"><font size="2"><B>REF<br>
      R</B></font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:29.000000px" rowspan="2" width="65%">
      <div align="center"><font size="2"><B>CONCEPTS</B> </font></div>
    </TD>
    <TD align=right colspan=2 rowspan="2">
      <div align="center"><font size="2"><B>CURRENT YEAR</B>   </font></div>
    </TD>
    <TD align=right colspan=2 rowspan="2">
      <div align="center"><font size="2"><B>PREVIOUS YEAR</B>   </font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left width="5%">&nbsp; </TD>
    <TD align=left width="65%">&nbsp; </TD>
    <TD align=center width="10%"> <font size="2"><B>AMOUNT</B></font></TD>
    <TD align=left width="5%">
      <div align="center"><font size="2"><b>%</b> </font></div>
    </TD>
    <TD align=center width="10%">
      <div align="center"><font size="2"><B>AMOUNT</B></font></div>
    </TD>
    <TD align=left width="5%">
      <div align="center"><font size="2"><b>%</b> </font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2"><B>rt01</B></font></TD>
    <TD align=left width="65%"> <font size="2"><B>NET SALES</B></font></TD>
    <TD align=right width="10%"> <font size="2"><B>6,565,451</B></font></TD>
    <TD align=right width="5%"> <font size="2"><B>100</B></font></TD>
    <TD align=right width="10%"> <font size="2"><B>6,392,994</B></font></TD>
    <TD align=right width="5%"> <font size="2"><B>100</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2">rt21</font></TD>
    <TD align=left width="65%"> <font size="2">DOMESTIC</font></TD>
    <TD align=right width="10%"> <font size="2">2,887,125</font></TD>
    <TD align=right width="5%"> <font size="2">44</font></TD>
    <TD align=right width="10%"> <font size="2">3,012,812</font></TD>
    <TD align=right width="5%"> <font size="2">47</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2">rt22</font></TD>
    <TD align=left width="65%"> <font size="2">FOREIGN</font></TD>
    <TD align=right width="10%"> <font size="2">3,678,326</font></TD>
    <TD align=right width="5%"> <font size="2">56</font></TD>
    <TD align=right width="10%"> <font size="2">3,380,182</font></TD>
    <TD align=right width="5%"> <font size="2">53</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2">rt23</font></TD>
    <TD align=left width="65%"> <font size="2">TRANSLATED INTO DOLLARS (***)</font></TD>
    <TD align=right width="10%"> <font size="2">307,352</font></TD>
    <TD align=right width="5%"> <font size="2">5</font></TD>
    <TD align=right width="10%"> <font size="2">268,472</font></TD>
    <TD align=right width="5%"> <font size="2">4</font></TD>
  </TR>

  <TR>

    <TD width="5%">&nbsp; </TD>
    <TD width="65%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2"><B>rt08</B></font></TD>
    <TD align=left width="65%"> <font size="2"><B>OTHER INCOME AND (EXPENSE), NET</B></font></TD>
    <TD align=right width="10%"> <font size="2"><B>938</B></font></TD>
    <TD align=right width="5%"> <font size="2"><B>100</B></font></TD>
    <TD align=right width="10%"> <font size="2"><B>10,229</B></font></TD>
    <TD align=right width="5%"> <font size="2"><B>100</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2">rt49</font></TD>
    <TD align=left width="65%"> <font size="2">OTHER INCOME AND (EXPENSE), NET</font></TD>
    <TD align=right width="10%"> <font size="2">938</font></TD>
    <TD align=right width="5%"> <font size="2">100</font></TD>
    <TD align=right width="10%"> <font size="2">10,229</font></TD>
    <TD align=right width="5%"> <font size="2">100</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2">rt34</font></TD>
    <TD align=left width="65%"> <font size="2">EMPLOYEES&#146; PROFIT SHARING EXPENSES</font></TD>
    <TD align=right width="10%"> <font size="2">0</font></TD>
    <TD align=right width="5%"> <font size="2">0</font></TD>
    <TD align=right width="10%"> <font size="2">0</font></TD>
    <TD align=right width="5%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2">rt35</font></TD>
    <TD align=left width="65%"> <font size="2">DEFERRED EMPLOYEES&#146; PROFIT SHARING</font></TD>
    <TD align=right width="10%"> <font size="2">0</font></TD>
    <TD align=right width="5%"> <font size="2">0</font></TD>
    <TD align=right width="10%"> <font size="2">0</font></TD>
    <TD align=right width="5%"> <font size="2">0</font></TD>
  </TR>

  <TR>

    <TD width="5%">&nbsp; </TD>
    <TD width="65%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2"><B>rt06</B></font></TD>
    <TD align=left width="65%"> <font size="2"><B>COMPREHENSIVE FINANCING RESULT</B></font></TD>
    <TD align=right width="10%"> <font size="2"><B>(84,279)</B></font></TD>
    <TD align=right width="5%"> <font size="2"><B>100</B></font></TD>
    <TD align=right width="10%"> <font size="2"><B>(24,346)</B></font></TD>
    <TD align=right width="5%"> <font size="2"><B>100</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2">rt24</font></TD>
    <TD align=left width="65%"> <font size="2">INTEREST EXPENSE</font></TD>
    <TD align=right width="10%"> <font size="2">3,209</font></TD>
    <TD align=right width="5%"> <font size="2">(4)</font></TD>
    <TD align=right width="10%"> <font size="2">0</font></TD>
    <TD align=right width="5%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2">rt42</font></TD>
    <TD align=left width="65%"> <font size="2">GAIN (LOSS) ON RESTATEMENT OF UDI&#146;S</font></TD>
    <TD align=right width="10%"> <font size="2">0</font></TD>
    <TD align=right width="5%"> <font size="2">0</font></TD>
    <TD align=right width="10%"> <font size="2">0</font></TD>
    <TD align=right width="5%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2">rt45</font></TD>
    <TD align=left width="65%"> <font size="2">OTHER FINANCE COSTS</font></TD>
    <TD align=right width="10%"> <font size="2">0</font></TD>
    <TD align=right width="5%"> <font size="2">0</font></TD>
    <TD align=right width="10%"> <font size="2">0</font></TD>
    <TD align=right width="5%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2">rt26</font></TD>
    <TD align=left width="65%"> <font size="2">INTEREST INCOME</font></TD>
    <TD align=right width="10%"> <font size="2">5,379</font></TD>
    <TD align=right width="5%"> <font size="2">(6)</font></TD>
    <TD align=right width="10%"> <font size="2">2,580</font></TD>
    <TD align=right width="5%"> <font size="2">(11)</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2">rt46</font></TD>
    <TD align=left width="65%"> <font size="2">OTHER FINANCIAL PRODUCTS</font></TD>
    <TD align=right width="10%"> <font size="2">0</font></TD>
    <TD align=right width="5%"> <font size="2">0</font></TD>
    <TD align=right width="10%"> <font size="2">0</font></TD>
    <TD align=right width="5%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2">rt25</font></TD>
    <TD align=left width="65%"> <font size="2">FOREIGN EXCHANGE GAIN (LOSS), NET</font></TD>
    <TD align=right width="10%"> <font size="2">(86,449)</font></TD>
    <TD align=right width="5%"> <font size="2">103</font></TD>
    <TD align=right width="10%"> <font size="2">(26,926)</font></TD>
    <TD align=right width="5%"> <font size="2">111</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2">rt28</font></TD>
    <TD align=left width="65%"> <font size="2">RESULT FROM MONETARY POSITION</font></TD>
    <TD align=right width="10%"> <font size="2">0</font></TD>
    <TD align=right width="5%"> <font size="2">0</font></TD>
    <TD align=right width="10%"> <font size="2">0</font></TD>
    <TD align=right width="5%"> <font size="2">0</font></TD>
  </TR>

  <TR>

    <TD width="5%">&nbsp; </TD>
    <TD width="65%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2">rt10</font></TD>
    <TD align=left width="65%"> <font size="2">INCOME TAXES</font></TD>
    <TD align=right width="10%"> <font size="2"><B>(11,169)</B></font></TD>
    <TD align=right width="5%"> <font size="2"><B>100</B></font></TD>
    <TD align=right width="10%"> <font size="2"><B>20,534</B></font></TD>
    <TD align=right width="5%"> <font size="2"><B>100</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2">rt32</font></TD>
    <TD align=left width="65%"> <font size="2">INCOME TAX</font></TD>
    <TD align=right width="10%"> <font size="2">22,133</font></TD>
    <TD align=right width="5%"> <font size="2">(198)</font></TD>
    <TD align=right width="10%"> <font size="2">22,231</font></TD>
    <TD align=right width="5%"> <font size="2">108</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=right width="5%"> <font size="2">rt33</font></TD>
    <TD align=left width="65%"> <font size="2">DEFERRED INCOME TAX</font></TD>
    <TD align=right width="10%"> <font size="2">(33,302)</font></TD>
    <TD align=right width="5%"> <font size="2">298</font></TD>
    <TD align=right width="10%"> <font size="2">(1,697)</font></TD>
    <TD align=right width="5%"> <font size="2">(8)</font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=0 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;">

  <TR>

    <TD nowrap valign=top width="100%" colspan="2"> (***)&nbsp;THOUSANDS OF DOLLARS      </TD>
  </TR>


</TABLE>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=30%></TD>
    <TD width=42%></TD>
    <TD width=16%></TD>
    <TD width=11%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>STOCK EXCHANGE CODE</FONT><B><FONT size=2>: SIMEC</FONT></B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left colspan="2">
      <div align="right"><FONT size=2>QUARTER:</FONT> <FONT size=2>1 </FONT><FONT size=2>YEAR: </FONT><B><FONT size=2>2011</FONT></B></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>GRUPO SIMEC, S.A.B. DE C.V.</FONT></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><FONT size=2>QUARTERLY STATEMENTS OF INCOME</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <FONT size=2>OTHER CONCEPTS</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <FONT size=2>(thousands of Mexican pesos)</FONT></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="bottom">

    <TD align=center rowspan="2"> <font size="2"><B>REF</B><br>
      <B>RT</B></font></TD>
    <TD align=left style="TEXT-INDENT:39.000000px" rowspan="2" valign="top">
      <div align="center"><font size="2"><B>CONCEPTS</B> </font></div>
    </TD>
    <TD align=center rowspan="2"> <font size="2"><B>CURRENT</B> <B><br>
      YEAR</B></font></TD>
    <TD align=center rowspan="2"> <font size="2"><B>PREVIOUS<br>
      YEAR</B></font></TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:3.000000px">
      <div align="right"><font size="2">rt47</font></div>
    </TD>
    <TD align=left> <font size="2">OPERATIVE DEPRECIATION AND AMORTIZATION</font></TD>
    <TD align=left style="TEXT-INDENT:6.000000px">
      <div align="right"><font size="2">230,039</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:7.000000px">
      <div align="right"><font size="2">258,484</font></div>
    </TD>
  </TR>

</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=40%></TD>
    <TD width=35%></TD>
    <TD width=14%></TD>
    <TD width=11%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width="40%"> <font size="2">STOCK EXCHANGE CODE<B>: SIMEC</B></font></TD>
    <TD align=left width="35%">&nbsp; </TD>
    <TD align=left colspan="2">
      <div align="right"><font size="2">QUARTER:</font> <font size="2">1 YEAR:<B>20110</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width="40%"> <font size="2">GRUPO SIMEC, S.A.B. DE C.V.</font></TD>
    <TD align=left width="35%">&nbsp; </TD>
    <TD align=left width="14%">&nbsp; </TD>
    <TD align=left width="11%">&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2"><B>STATE OF CASH FLOW DIRECT METHOD)</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">FROM JANUARY 1 TO MARCH 31 OF 2011 AND 2010</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">(thousands of pesos)</font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="bottom">

    <TD align=center rowspan="2" width="5%">
      <div align="center"><font size="2"><B>REF<br>
      C</B></font></div>
    </TD>
    <TD align=center rowspan="2" width="72%" valign="top">
      <div align="center"><font size="2"><B>CONCEPTS</B> </font></div>
    </TD>
    <TD align=center rowspan="2" width="11%" valign="top">
      <div align="center"><font size="2"><B>CURRENT YEAR</B> </font></div>
    </TD>
    <TD align=center rowspan="2" width="12%" valign="top">
      <div align="center"><font size="2"><B>PREVIOUS YEAR</B> </font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left width="5%">&nbsp; </TD>
    <TD align=left width="72%">&nbsp; </TD>
    <TD align=center width="11%"> <font size="2"><B>AMOUNT</B></font></TD>
    <TD align=center width="12%"> <font size="2"><B>AMOUNT</B></font></TD>
  </TR>

  <TR>

    <TD width="5%">&nbsp; </TD>
    <TD width="72%"><font size="2">&nbsp;</font></TD>
    <TD width="11%"><font size="2">&nbsp;</font></TD>
    <TD width="12%"><font size="2">&nbsp;</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width="5%">&nbsp; </TD>
    <TD align=left width="72%"> <font size="2"><B>ACTIVITIES OF OPERATION</B></font></TD>
    <TD align=left width="11%">&nbsp; </TD>
    <TD align=left width="12%">&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%"> <font size="2"><B>e01</B></font></TD>
    <TD align=left width="72%"> <font size="2"><B>INCOME (LOSS) BEFORE INCOME TAXES</B></font></TD>
    <TD align=right width="11%"> <font size="2"><B>517,584</B></font></TD>
    <TD align=right width="12%"> <font size="2"><B>597,999</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%"> <font size="2">e02</font></TD>
    <TD align=left width="72%"> <font size="2">+ (-) ITEMS NOT REQUIRING CASH</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%"> <font size="2">e03</font></TD>
    <TD align=left width="72%"> <font size="2">+ (-) ITEMS RELATED TO INVESTING ACTIVITIES</font></TD>
    <TD align=right width="11%"> <font size="2">224,660</font></TD>
    <TD align=right width="12%"> <font size="2">254,616</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%"> <font size="2">e04</font></TD>
    <TD align=left width="72%"> <font size="2">+ (-) ITEMS RELATED TO FINANCING ACTIVITIES</font></TD>
    <TD align=right width="11%"> <font size="2">(3,596)</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%"> <font size="2"><B>e05</B></font></TD>
    <TD align=left width="72%"> <font size="2"><B>CASH FLOW BEFORE INCOME TAX</B></font></TD>
    <TD align=right width="11%"> <font size="2"><B>738,648</B></font></TD>
    <TD align=right width="12%"> <font size="2"><B>852,615</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%"> <font size="2">e06</font></TD>
    <TD align=left width="72%"> <font size="2">CASH FLOW PROVIDED OR USED IN OPERATION</font></TD>
    <TD align=right width="11%"> <font size="2">(435,997)</font></TD>
    <TD align=right width="12%"> <font size="2">(896,490)</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%"> <font size="2"><B>e07</B></font></TD>
    <TD align=left width="72%"> <font size="2"><B>CASH FLOW PROVIDED OF OPERATING ACTIVITIES</B></font></TD>
    <TD align=right width="11%"> <font size="2"><B>302,6561</B></font></TD>
    <TD align=right width="12%"> <font size="2"><B>(43,875)</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width="5%">&nbsp; </TD>
    <TD align=left width="72%"> <font size="2"><B>INVESTMENT ACTIVITIES</B></font></TD>
    <TD align=left width="11%">&nbsp; </TD>
    <TD align=left width="12%">&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%"> <font size="2">e08</font></TD>
    <TD align=left width="72%"> <font size="2">NET CASH FLOW FROM INVESTING ACTIVITIES</font></TD>
    <TD align=right width="11%"> <font size="2">(164,645)</font></TD>
    <TD align=right width="12%"> <font size="2">(51,918)</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%"> <font size="2"><B>e09</B></font></TD>
    <TD align=left width="72%"> <font size="2"><B>CASH FLOW AFTER INVESTING ACTIVITIES</B></font></TD>
    <TD align=right width="11%"> <font size="2"><B>138,006</B></font></TD>
    <TD align=right width="12%"> <font size="2"><B>(95,793)</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width="5%">&nbsp; </TD>
    <TD align=left width="72%"> <font size="2"><B>FINANCING ACTIVITIES</B></font></TD>
    <TD align=left width="11%">&nbsp; </TD>
    <TD align=left width="12%">&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%"> <font size="2">e10</font></TD>
    <TD align=left width="72%"> <font size="2">NET CASH FROM FINANCING ACTIVITIES</font></TD>
    <TD align=right width="11%"> <font size="2">0)</font></TD>
    <TD align=right width="12%"> <font size="2">63,607</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%" rowspan="2" valign="top"> <font size="2"><B>e11</B></font> </TD>
    <TD align=left width="72%" rowspan="2"> <font size="2"><B>NET (DECREASE) INCREASE IN CASH AND CASH</B></font> <font size="2"><B><br>
      EQUIVALENTS</B></font></TD>
    <TD align=left width="11%" rowspan="2">
      <div align="right"><font size="2"><B>138,006</B></font></div>
    </TD>
    <TD align=left width="12%" rowspan="2">
      <div align="right"><font size="2"><B>(32,186)</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=center width="5%" rowspan="2" valign="top"> <font size="2"><B>e12</B></font> </TD>
    <TD align=left width="72%" rowspan="2"> <font size="2"><B>TRANSLATION DIFFERENCES IN CASH AND CASH</B></font> <font size="2"><B><br>
      EQUIVALENTS</B></font></TD>
    <TD align=left width="11%" rowspan="2">
      <div align="right"><font size="2"><B>(12,536)</B></font></div>
    </TD>
    <TD align=left width="12%" rowspan="2">
      <div align="right"><font size="2"><B>(1,170)</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=center width="5%"> <font size="2">e13</font></TD>
    <TD align=left width="72%"> <font size="2">CASH AND CASH EQUIVALENTS AT THE BEGINNING OF PERIOD</font></TD>
    <TD align=right width="11%"> <font size="2">3,384,917</font></TD>
    <TD align=right width="12%"> <font size="2">1,948,900</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="5%"> <font size="2"><B>e14</B></font></TD>
    <TD align=left width="72%"> <font size="2"><B>CASH AND CASH EQUIVALENTS AT THE END OF PERIOD</B></font></TD>
    <TD align=right width="11%"> <font size="2"><B>3,510,387</B></font></TD>
    <TD align=right width="12%"> <font size="2"><B>1,915,544</B></font></TD>
  </TR>

</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=29%></TD>
    <TD width=43%></TD>
    <TD width=15%></TD>
    <TD width=11%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">STOCK EXCHANGE CODE<B>: SIMEC</B></font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left colspan="2">
      <div align="right"><font size="2">QUARTER:</font> <font size="2">1 YEAR: <B>2011</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">GRUPO SIMEC, S.A.B. DE C.V.</font></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> <font size="2"><B>STATE OF CASH FLOW (INDIRECT METHOD)</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">BREAKDOWN OF MAIN CONCEPTS</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">(thousands of pesos)</font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="bottom">

    <TD align=center rowspan="2" width="4%">
      <div align="center"><font size="2"><B>REF<br>
      C</B></font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:29.000000px" rowspan="2" valign="top" width="73%">
      <div align="center"><font size="2"><B>CONCEPTS</B> </font></div>
    </TD>
    <TD align=center rowspan="2" valign="top" width="11%">
      <div align="center"><font size="2"><B>CURRENT
      YEAR</B> </font></div>
    </TD>
    <TD align=center rowspan="2" valign="top" width="12%">
      <div align="center"><font size="2"><B>PREVIOUS
      YEAR</B> </font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left width="4%">
      <div align="center">&nbsp;&nbsp;&nbsp;</div>
    </TD>
    <TD align=left width="73%">
      <div align="center">&nbsp;&nbsp;</div>
    </TD>
    <TD align=center width="11%">
      <div align="center"><font size="2"><B>AMOUNT</B></font></div>
    </TD>
    <TD align=center width="12%">
      <div align="center"><font size="2"><B>AMOUNT</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2"><B>e02</B></font></TD>
    <TD align=left width="73%"> <font size="2"><B>+ (-) ITEMS NOT REQUIRING CASH</B></font></TD>
    <TD align=right width="11%"> <font size="2"><B>0</B></font></TD>
    <TD align=right width="12%"> <font size="2"><B>0</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e15</font></TD>
    <TD align=left width="73%"> <font size="2">+ ESTIMATES FOR THE PERIOD</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e16</font></TD>
    <TD align=left width="73%"> <font size="2">+ PROVISIONS FOR THE PERIOD</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e17</font></TD>
    <TD align=left width="73%"> <font size="2">+ (-) OTHER UNREALIZED ITEMS</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR>

    <TD width="4%">&nbsp; </TD>
    <TD width="73%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2"><B>e03</B></font></TD>
    <TD align=left width="73%"> <font size="2"><B>+ (-) ITEMS RELATED TO INVESTING ACTIVITIES</B></font></TD>
    <TD align=right width="11%"> <font size="2"><B>224,660</B></font></TD>
    <TD align=right width="12%"> <font size="2"><B>254,616</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e18</font></TD>
    <TD align=left width="73%"> <font size="2">+ DEPRECIATION AND AMORTIZATION FOR THE PERIOD</font></TD>
    <TD align=right width="11%"> <font size="2">230,039</font></TD>
    <TD align=right width="12%"> <font size="2">258,484</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e19</font></TD>
    <TD align=left width="73%"> <font size="2">(-) + GAIN OR LOSS ON SALE PROPERTY, PLANT AND EQUIPMENT</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e20</font></TD>
    <TD align=left width="73%"> <font size="2">+ IMPAIRMENT LOSS</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e21</font></TD>
    <TD align=left width="73%"> <font size="2">(-) + EQUITY IN RESULTS OF ASSOCIATES AND JOINT VENTURES</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e22</font></TD>
    <TD align=left width="73%"> <font size="2">(-) DIVIDENDS RECEIVED</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e23</font></TD>
    <TD align=left width="73%"> <font size="2">(-) INTEREST INCOME</font></TD>
    <TD align=right width="11%"> <font size="2">(5,379)</font></TD>
    <TD align=right width="12%"> <font size="2">.(2,580)</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e24</font></TD>
    <TD align=left width="73%"> <font size="2">(-) + OTHER ITEMS</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">(1,288)</font></TD>
  </TR>

  <TR>

    <TD width="4%">&nbsp; </TD>
    <TD width="73%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2"><B>e04</B></font></TD>
    <TD align=left width="73%"> <font size="2"><B>+ (-) ITEMS RELATED TO FINANCING ACTIVITIES</B></font></TD>
    <TD align=right width="11%"> <font size="2"><B>(3,596)</B></font></TD>
    <TD align=right width="12%"> <font size="2"><B>0</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e25</font></TD>
    <TD align=left width="73%"> <font size="2">+ ACCRUED INTEREST</font></TD>
    <TD align=right width="11%"> <font size="2">(3,596)</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e26</font></TD>
    <TD align=left width="73%"> <font size="2">+ (-) OTHER ITEMS</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR>

    <TD width="4%">&nbsp; </TD>
    <TD width="73%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2"><B>e06</B></font></TD>
    <TD align=left width="73%"> <font size="2"><B>CASH FLOW PROVIDED OR USED IN OPERATION</B></font></TD>
    <TD align=right width="11%"> <font size="2"><B>(435,997)</B></font></TD>
    <TD align=right width="12%"> <font size="2"><B>(896,490)</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e27</font></TD>
    <TD align=left width="73%"> <font size="2">+ (-) DECREASE (INCREASE) IN ACCOUNTS RECEIVABLE</font></TD>
    <TD align=right width="11%"> <font size="2">(497,748)</font></TD>
    <TD align=right width="12%"> <font size="2">(1,396,044)</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e28</font></TD>
    <TD align=left width="73%"> <font size="2">+ (-) DECREASE (INCREASE) IN INVENTORIES</font></TD>
    <TD align=right width="11%"> <font size="2">(406,231)</font></TD>
    <TD align=right width="12%"> <font size="2">337,077</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e29</font></TD>
    <TD align=left width="73%"> <font size="2">+ (-)DECREASE (INCREASE) IN IN OTHER ACCOUNT RECEIVABLES</font></TD>
    <TD align=right width="11%"> <font size="2">51,706</font></TD>
    <TD align=right width="12%"> <font size="2">(25,282)</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e30</font></TD>
    <TD align=left width="73%"> <font size="2">+ (-) INCREASE DECREASE IN SUPPLIERS</font></TD>
    <TD align=right width="11%"> <font size="2">492,893</font></TD>
    <TD align=right width="12%"> <font size="2">430,017</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e31</font></TD>
    <TD align=left width="73%"> <font size="2">+ (-)INCREASE DECREASE IN OTHER LIABILITIES</font></TD>
    <TD align=right width="11%"> <font size="2">(76,617)</font></TD>
    <TD align=right width="12%"> <font size="2">(215,527)</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e32</font></TD>
    <TD align=left width="73%"> <font size="2">+ (-) INCOME TAXES PAID OR RETURNED</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">(26,731)</font></TD>
  </TR>

  <TR>

    <TD width="4%">&nbsp; </TD>
    <TD width="73%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2"><B>e08</B></font></TD>
    <TD align=left width="73%"> <font size="2"><B>NET CASH FLOW FROM INVESTING ACTIVITIES</B></font></TD>
    <TD align=right width="11%"> <font size="2"><B>(164,645)</B></font></TD>
    <TD align=right width="12%"> <font size="2"><B>(51,918)</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e33</font></TD>
    <TD align=left width="73%"> <font size="2">(-) PERMANENT INVESTMENT IN SHARES</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e34</font></TD>
    <TD align=left width="73%"> <font size="2">+ DISPOSITION OF PERMANENT INVESTMENT IN SHARES</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e35</font></TD>
    <TD align=left width="73%"> <font size="2">(-) INVESTMENT IN PROPERTY PLANT AND EQUIPMENT</font></TD>
    <TD align=right width="11%"> <font size="2">(146,785)</font></TD>
    <TD align=right width="12%"> <font size="2">(54,498)</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e36</font></TD>
    <TD align=left width="73%"> <font size="2">+ SALE OF PROPERTY PLANT AND EQUIPMENT</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e37</font></TD>
    <TD align=left width="73%"> <font size="2">(-) INVESTMENT IN INTANGIBLE ASSETS</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e38</font></TD>
    <TD align=left width="73%"> <font size="2">+ DISPOSITION OF INTANGIBLE ASSETS</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e39</font></TD>
    <TD align=left width="73%"> <font size="2">+ OTHER PERMANENT INVESTMENTS</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e40</font></TD>
    <TD align=left width="73%"> <font size="2">+ DISPOSITION OF OTHER PERMANENT INVESTMENTS</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e41</font></TD>
    <TD align=left width="73%"> <font size="2">+ DIVIDEND RECEIVED</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e42</font></TD>
    <TD align=left width="73%"> <font size="2">+ INTEREST RECEIVED</font></TD>
    <TD align=right width="11%"> <font size="2">5,379</font></TD>
    <TD align=right width="12%"> <font size="2">2,580</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e43</font></TD>
    <TD align=left width="73%"> <font size="2">+ (-) DECREASE (INCREASE) ADVANCES AND LOANS TO THIRD PARTS</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e44</font></TD>
    <TD align=left width="73%"> <font size="2">+ (-) OTHER ITEMS</font></TD>
    <TD align=right width="11%"> <font size="2">(23,239)</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR>

    <TD width="4%">&nbsp; </TD>
    <TD width="73%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
    <TD width="12%">&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2"><B>e10</B></font></TD>
    <TD align=left width="73%"> <font size="2"><B>NET CASH FRON FINANCING ACTIVITIES</B></font></TD>
    <TD align=right width="11%"> <font size="2"><B>0</B></font></TD>
    <TD align=right width="12%"> <font size="2"><B>63,607</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e45</font></TD>
    <TD align=left width="73%"> <font size="2">+ BANK FINANCING</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e46</font></TD>
    <TD align=left width="73%"> <font size="2">+ STOCK MARKET FINANCING</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e47</font></TD>
    <TD align=left width="73%"> <font size="2">+ OTHER FINANCING</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">63,607</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e48</font></TD>
    <TD align=left width="73%"> <font size="2">(-) BANK FINANCING AMORTIZATION</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e49</font></TD>
    <TD align=left width="73%"> <font size="2">(-) STOCK MARKET FINANCING AMORTIZATION</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e50</font></TD>
    <TD align=left width="73%"> <font size="2">(-) OTHER FINANCING AMORTIZATION</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e51</font></TD>
    <TD align=left width="73%"> <font size="2">+ (-) INCREASE (DECREASE ) IN CAPITAL STOCK</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e52</font></TD>
    <TD align=left width="73%"> <font size="2">(-) DIVIDENS PAID</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e53</font></TD>
    <TD align=left width="73%"> <font size="2">+ PREMIUM ON ISSUANCE OF SHARES</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e54</font></TD>
    <TD align=left width="73%"> <font size="2">+ CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e55</font></TD>
    <TD align=left width="73%"> <font size="2">(-) INTEREST EXPENSE</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e56</font></TD>
    <TD align=left width="73%"> <font size="2">(-) REPURCHASE OF SHARES</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <font size="2">e57</font></TD>
    <TD align=left width="73%"> <font size="2">+ (-) OTHER ITEMS</font></TD>
    <TD align=right width="11%"> <font size="2">0</font></TD>
    <TD align=right width="12%"> <font size="2">0</font></TD>
  </TR>

</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=34%></TD>
    <TD width=33%></TD>
    <TD width=20%></TD>
    <TD width=11%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">STOCK EXCHANGE CODE<B>: SIMEC</B></font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left colspan="2">
      <div align="right"><font size="2">QUARTER:</font> <font size="2">1 YEAR: <B>2011</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">GRUPO SIMEC, S.A.B. DE C.V.</font></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> <font size="2"><B>DATE PER SHARE</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">CONSOLIDATED</font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="bottom">

    <TD align=center rowspan="2" width="4%"> <B><FONT size=2>REF<br>
      </FONT></B><B><FONT size=2>D</FONT></B></TD>
    <TD align=left style="TEXT-INDENT:27.000000px" rowspan="2" valign="top" width="62%">
      <div align="center"><B><FONT size=2>CATEGORIES</FONT></B> </div>
    </TD>
    <TD align=center rowspan="2" valign="top" width="17%">
      <div align="center"><B><FONT size=2>QUARTER OF PRESENT</FONT></B> <B><FONT size=2><br>
      FINANCIAL YEAR</FONT></B></div>
    </TD>
    <TD align=center rowspan="2" valign="top" width="17%">
      <div align="center"><B><FONT size=2>QUARTER OF PREVIOUS<br>
      </FONT></B><B><FONT size=2>FINANCIAL YEAR</FONT></B></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR>

    <TD width="4%">&nbsp; </TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
  </TR>

  <TR>

    <TD width="4%">&nbsp; </TD>
    <TD width="62%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>d01</FONT></TD>
    <TD align=left width="62%"> <FONT size=2>BASIC PROFIT PER ORDINARY SHARE (**)</FONT></TD>
    <TD align=left style="TEXT-INDENT:9.000000px" width="17%">
      <div align="center"><FONT size=2>&#36;&nbsp;&nbsp; 2.60&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></div>
    </TD>
    <TD align=left style="TEXT-INDENT:10.000000px" width="17%">
      <div align="center"><FONT size=2>&#36;&nbsp;&nbsp; 2.60&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>d02</FONT></TD>
    <TD align=left width="62%"> <FONT size=2>BASIC PROFIT PER PREFERRED SHARE (**)</FONT></TD>
    <TD align=left style="TEXT-INDENT:9.000000px" width="17%">
      <div align="center"><FONT size=2>&#36;&nbsp;&nbsp; 0.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></div>
    </TD>
    <TD align=left style="TEXT-INDENT:10.000000px" width="17%">
      <div align="center"><FONT size=2>&#36;&nbsp;&nbsp; 0.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>d03</FONT></TD>
    <TD align=left width="62%"> <FONT size=2>DILUTED PROFIT PER ORDINARY SHARE (**)</FONT></TD>
    <TD align=left style="TEXT-INDENT:9.000000px" width="17%">
      <div align="center"><FONT size=2>&#36;&nbsp;&nbsp; 0.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></div>
    </TD>
    <TD align=left style="TEXT-INDENT:10.000000px" width="17%">
      <div align="center"><FONT size=2>&#36;&nbsp;&nbsp; 0.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>d04</FONT></TD>
    <TD align=left width="62%"> <FONT size=2>EARNINGS (LOSS) BEFORE DISCONTINUED OPERATIONS PER</FONT></TD>
    <TD align=left width="17%">
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left width="17%">
      <div align="center">&nbsp;</div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width="4%">&nbsp; </TD>
    <TD align=left width="62%"> <FONT size=2>COMMON SHARE (**)</FONT></TD>
    <td align=left style="TEXT-INDENT:9.000000px" width="17%">
      <div align="center"><font size=2>&#36;&nbsp;&nbsp; 2.60&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></div>
    </td>
    <TD align=left style="TEXT-INDENT:10.000000px" width="17%">
      <div align="center"><FONT size=2>&#36;&nbsp;&nbsp; 2.60&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%" rowspan="2" valign="top"> <FONT size=2>d05</FONT> </TD>
    <TD align=left width="62%" rowspan="2"> <FONT size=2>DISCONTINUED OPERATIONS EFFECT ON EARNING (LOSS) PER</FONT> <FONT size=2><br>
      SHARE (**)</FONT></TD>
    <TD align=left width="17%" rowspan="2" valign="bottom">
      <div align="center">&nbsp;</div>
      <div align="center"><FONT size=2>&#36;&nbsp;&nbsp; 0.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></div>
    </TD>
    <TD align=left width="17%" rowspan="2" valign="bottom">
      <div align="center">&nbsp;</div>
      <div align="center"><FONT size=2>&#36;&nbsp;&nbsp; 0.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>d08</FONT></TD>
    <TD align=left width="62%"> <FONT size=2>CARRYING VALUE PER SHARE</FONT></TD>
    <TD align=left style="TEXT-INDENT:9.000000px" width="17%">
      <div align="center"><FONT size=2>&#36; 38.41&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></div>
    </TD>
    <TD align=left style="TEXT-INDENT:10.000000px" width="17%">
      <div align="center"><FONT size=2>&#36; 36.68&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>d09</FONT></TD>
    <TD align=left width="62%"> <FONT size=2>CASH DIVIDEND ACCUMULATED PER SHARE</FONT></TD>
    <TD align=left style="TEXT-INDENT:9.000000px" width="17%">
      <div align="center"><FONT size=2>&#36;&nbsp;&nbsp; 0.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></div>
    </TD>
    <TD align=left style="TEXT-INDENT:10.000000px" width="17%">
      <div align="center"><FONT size=2>&#36;&nbsp;&nbsp; 0.00&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>d10</FONT></TD>
    <TD align=left width="62%"> <FONT size=2>DIVIDEND IN SHARES PER SHARE</FONT></TD>
    <TD align=left style="TEXT-INDENT:12.000000px" width="17%">
      <div align="center"><FONT size=2>0.00 shares</FONT></div>
    </TD>
    <TD align=left style="TEXT-INDENT:13.000000px" width="17%">
      <div align="center"><FONT size=2>0.00 shares</FONT></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>d11</FONT></TD>
    <TD align=left width="62%"> <FONT size=2>MARKET PRICE TO CARRYING VALUE</FONT></TD>
    <TD align=left style="TEXT-INDENT:12.000000px" width="17%">
      <div align="center"><FONT size=2>0.77 times&nbsp;&nbsp;</FONT></div>
    </TD>
    <TD align=left style="TEXT-INDENT:13.000000px" width="17%">
      <div align="center"><FONT size=2>0.99 times&nbsp;&nbsp;</FONT></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>d12</FONT></TD>
    <TD align=left width="62%"> <FONT size=2>MARKET PRICE TO BASIC PROFIT PER ORDINARY SHARE</FONT></TD>
    <TD align=left style="TEXT-INDENT:10.000000px" width="17%">
      <div align="center"><FONT size=2>12.50 times&nbsp;&nbsp;&nbsp;&nbsp;</FONT></div>
    </TD>
    <TD align=left style="TEXT-INDENT:11.000000px" width="17%">
      <div align="center"><FONT size=2>13.95 times&nbsp;&nbsp;&nbsp;&nbsp;</FONT></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>d13</FONT></TD>
    <TD align=left width="62%"> <FONT size=2>MARKET PRICE TO BASIC PROFIT PER PREFERENT SHARE (**)</FONT></TD>
    <TD align=left style="TEXT-INDENT:11.000000px" width="17%">
      <div align="center"><FONT size=2>0.00 times&nbsp;&nbsp;</FONT></div>
    </TD>
    <TD align=left style="TEXT-INDENT:12.000000px" width="17%">
      <div align="center"><FONT size=2>0.00 times&nbsp;&nbsp;</FONT></div>
    </TD>
  </TR>

</TABLE>
<BR>
<TABLE border=0 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD nowrap valign=top width="100%" colspan="2"> <font size="2">(**)&nbsp;TO CALCULATE THE DATE PER SHARE USE THE NET INCOME FOR THE LAST TWELVE MONTHS. </font>   </TD>
  </TR>


</TABLE>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=34%></TD>
    <TD width=33%></TD>
    <TD width=20%></TD>
    <TD width=11%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">STOCK EXCHANGE CODE<B>: SIMEC</B></font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left colspan="2">
      <div align="right"><font size="2">QUARTER:</font> <font size="2">1 YEAR: <B>2011</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">GRUPO SIMEC, S.A.B. DE C.V.</font></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> <font size="2"><B>RATIOS</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2">CONSOLIDATED</font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="bottom">

    <TD align=center rowspan="2" width="4%"> <B><FONT size=2>REF</FONT></B><B><FONT size=2><br>
      P</FONT></B></TD>
    <TD align=left style="TEXT-INDENT:27.000000px" rowspan="2" valign="top" width="64%"> <B><FONT size=2>CATEGORIES</FONT></B> </TD>
    <TD align=center rowspan="2" valign="top" width="15%"> <B><FONT size=2>QUARTER OF PRESENT</FONT></B><br>
      <B><FONT size=2>FINANCIAL YEAR</FONT></B></TD>
    <TD align=center rowspan="2" valign="top" width="17%"> <B><FONT size=2>QUARTER OF PREVIOUS</FONT></B><br>
       <B><FONT size=2>FINANCIAL YEAR</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR>

    <TD width="4%">&nbsp; </TD>
    <TD width="64%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width="4%">&nbsp; </TD>
    <TD align=left width="64%"> <B><FONT size=2>YIELD</FONT></B></TD>
    <TD align=left width="15%">&nbsp; </TD>
    <TD align=left width="17%">&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p01</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>NET INCOME TO NET SALES</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>8.05%</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>9.03%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p02</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>NET INCOME TO STOCKHOLDERS&#146; EQUITY (**)</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>5.91%</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>6.36%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p03</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>NET INCOME TO TOTAL ASSETS (**)</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>4.46%</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>4.72%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p04</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>CASH DIVIDENDS TO PREVIOUS YEAR NET INCOME</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>0.00%</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>0.00%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p05</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>INCOME DUE TO MONETARY POSITION TO NET INCOME</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>0.00%</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>0.00%</FONT></TD>
  </TR>
  <tr>

    <td width="4%">&nbsp; </td>
    <td width="64%">&nbsp;</td>
    <td width="15%">&nbsp;</td>
    <td width="17%">&nbsp;</td>
  </tr>



  <TR valign="bottom">

    <TD align=left width="4%">&nbsp; </TD>
    <TD align=left width="64%"> <B><FONT size=2>ACTIVITY</FONT></B></TD>
    <TD align=left width="15%">&nbsp; </TD>
    <TD align=left width="17%">&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p06</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>NET SALES TO NET ASSETS (**)</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>0.89 times</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>0.75 times</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p07</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>NET SALES TO FIXED ASSETS (**)</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>2.63 times</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>2.15 times</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p08</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>INVENTORIES TURNOVER (**)</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>0.83 times</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>2.89 times</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p09</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>ACCOUNTS RECEIVABLE IN DAYS OF SALES</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>35 days</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>41 days</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p10</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>PAID INTEREST TO TOTAL LIABILITIES WITH COST (**)</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>0.55%</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>1.25%</FONT></TD>
  </TR>
  <tr>

    <td width="4%">&nbsp; </td>
    <td width="64%">&nbsp;</td>
    <td width="15%">&nbsp;</td>
    <td width="17%">&nbsp;</td>
  </tr>



  <TR valign="bottom">

    <TD align=left width="4%">&nbsp; </TD>
    <TD align=left width="64%"> <B><FONT size=2>LEVERAGE</FONT></B></TD>
    <TD align=left width="15%">&nbsp; </TD>
    <TD align=left width="17%">&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p11</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>TOTAL LIABILITIES TO TOTAL ASSETS</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>24.58%</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>25.84%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p12</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>TOTAL LIABILITIES TO STOCKHOLDERS&#146; EQUITY</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>0.33 times</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>0.35 times</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p13</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>FOREIGN CURRENCY LIABILITIES TO TOTAL LIABILITIES</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>42.70%</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>40.38%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p14</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>LONG-TERM LIABILITIES TO FIXED ASSETS</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>0.00%</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>0.00%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p15</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>OPERATING INCOME TO INTEREST PAID</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>187.26 times</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>0.00 times</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p16</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>NET SALES TO TOTAL LIABILITIES (**)</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>3.63 times</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>2.91 times</FONT></TD>
  </TR>
  <tr>

    <td width="4%">&nbsp; </td>
    <td width="64%">&nbsp;</td>
    <td width="15%">&nbsp;</td>
    <td width="17%">&nbsp;</td>
  </tr>



  <TR valign="bottom">

    <TD align=left width="4%">&nbsp; </TD>
    <TD align=left width="64%"> <B><FONT size=2>LIQUIDITY</FONT></B></TD>
    <TD align=left width="15%">&nbsp; </TD>
    <TD align=left width="17%">&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p17</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>CURRENT ASSETS TO CURRENT LIABILITIES</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>3.45 times</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>3.10 times</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p18</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>CURRENT ASSETS LESS INVENTORY TO CURRENT LIABILITIES</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>1.78 times</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>1.65 times</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p19</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>CURRENT ASSETS TO TOTAL LIABILITIES</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>2.07 times</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>1.88 times</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center width="4%"> <FONT size=2>p20</FONT></TD>
    <TD align=left width="64%"> <FONT size=2>AVAILABLE ASSETS TO CURRENT LIABILITIES</FONT></TD>
    <TD align=center width="15%"> <FONT size=2>85.76%</FONT></TD>
    <TD align=center width="17%"> <FONT size=2>44.64%</FONT></TD>
  </TR>

</TABLE>
<BR>
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<BR>
<P style="text-align: center;" align="center"> <B>MEXICAN STOCK EXCHANGE</B><BR>

<B>SIFIC / ICS</B></P>
<table border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;">

  <tr>

    <td width=41%></td>
    <td width=26%></td>
    <td width=16%></td>
    <td width=15%></td>
  </tr>

  <tr valign="bottom">

    <td align=left> <font size=2>STOCK EXCHANGE CODE</font><b><font size=2>: SIMEC</font></b></td>
    <td align=left>&nbsp; </td>
    <td align=left colspan="2">
      <div align="right"><font size=2>QUARTER: 1</font> <font size=2>YEAR: </font><b><font size=2>2011</font></b></div>
    </td>
  </tr>

  <tr valign="bottom">

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

  <tr valign="bottom" align="center">

    <td colspan="4">
      <div align="center"><b><font size=2>DIRECTOR REPORT</font></b></div>
    </td>
  </tr>

</table>
<P style="text-align: left;"><B>Comparative first quarter of 2011 vs. first quarter of 2010</B></P>
<P style="text-align: left;"> <B><I>Net Sales</I></B></P>
<P style="text-align: left;"> Net sales of the company increased 3% by the
combination of: improved in the sales price and fall of volume of shipments,
sales rose from Ps. 6,393 millions in the first quarter of 2010 to Ps. 6,565
millions in the same period of 2011. Shipments of finished steel products
decreased 11%, from 604 thousand tons in the first quarter of 2010 compared to
538 thousand tons in the same period of 2011. Total sales outside of Mexico in
the first quarter of 2011 increased 9% to Ps. 3,678 millions compared to Ps.
3,380 millions in the same period of 2010. The Mexican sales decreased 4% from
Ps. 3,013 millions in the first quarter of 2010 to Ps. 2,887 millions in the
same period of 2011. The increase in sales can be explained due to improvement
in the price of the subsidiary Simrep, because the volume of tons shipments in
both periods are similar, while the finished products of the facilities of
Mexico showed a fall in the first quarter of 2011, by the failure of the
transformer in the plant of Guadalajara. Comparatively with the same period of
2010, sales in volume decreased 66 thousand shipment in 2011. The average price
of steel products increased 15% in the first quarter of 2011 compared with the
same period of 2010.</P>
<P style="text-align: left;"> <B><I>Direct Cost of Sales</I></B></P>
<P style="text-align: left;"> Direct cost of sales increased 5% from Ps. 5,391 millions in the first quarter of 2010 to Ps. 5,682 millions in the same period of 2011. Direct cost of sales as a percentage of net sales in the first quarter of 2011 represented 87% compared to 84% the same period of previous year. The increase is due to increase in price of raw materials. The average cost of finished steel products in the first quarter of 2011 increased 18% compared to the same period of 2010.</P>
<P style="text-align: left;"> <B><I>Marginal Profit</I></B></P>
<P style="text-align: left;"> Marginal profit of the company for the same period decreased 12% from Ps. 1,002 millions in 2010 to Ps. 883 millions in the same period of 2011. Marginal profit as a percentage of net sales in the first quarter of 2011 was 13% and for the same period of 2010 was 16%. The fall in marginal profit is due to fall in volume of shipments and increase in raw materials during the first quarter of 2011 compared with the same period of 2010.</P>
<P style="text-align: left;"> <B><I>Operating Expenses</I></B></P>
<P style="text-align: left;"> Operating expenses decrease 20% to Ps. 282 millions in the first quarter of 2011 compared to Ps. 354 millions in the same period of 2010, and represented 4% of net sales in the first quarter of 2011 and 6% in the first quarter of 2010.</P>
<P style="text-align: left;"> <B><I>Operating Income</I></B></P>
<P style="text-align: left;"> Operating income decreased 7% from Ps. 648 millions for the first quarter of 2010 compared to Ps. 601 millions in the same period of 2011. Operating income as a percentage of net sales was 10% in the first quarter of 2010 compared to 9% in the same period of 2011. The decreased in operating income is due to fall in volume of shipments, increased in raw material during the first quarter of 2011 compared with the same period of 2010.<BR>

</P>
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<P style="text-align: left;"> <B>EBITDA</B></P>
<P style="text-align: left;"> The ebitda of the company for the first quarter of 2011, show a decreased of 8%, by the above mentioned, to fall from Ps. 906 millions in the first quarter of 2010 compared against Ps. 831 millions of the first quarter of 2011,</P>
<P style="text-align: left;"> <B><I>Comprehensive Financial Cost</I></B></P>
<P style="text-align: left;"> Comprehensive financial cost in the first quarter of 2011 represented an expense of Ps. 84 millions compared with an expense of Ps. 24 millions in the same period of 2010. Net interest income was Ps. 2 millions in the first quarter of 2011 compared with a net gain of Ps. 3 millions in the same period of 2010. At the same time, Simec registered an exchange loss of Ps. 86 millions in the first quarter of 2011 compared with an exchange loss of Ps. 27 millions in the same period of 2010, due to 5.3% revaluation of the peso versus the dollar as of March 31, 2011 compared to December 31, 2010.</P>
<P style="text-align: left;"> <B><I>Other Expenses (Income) net</I></B></P>
<P style="text-align: left;"> The company recorded other income net of Ps. 1 millions in the first quarter of 2011 compared to other income net of Ps. 10 millions in the same period of 2010.</P>
<P style="text-align: left;"> <B><I>Income Taxes</I></B></P>
<P style="text-align: left;"> Income Taxes recorded an income of Ps. 11 millions in the first quarter of 2011 (including the income of Ps. 33 millions of deferred income taxes) compared to an expense of Ps. 21 millions in the same period of 2010 (including the benefits of Ps. 2 millions of deferred income taxes).</P>
<P style="text-align: left;"> <B><I>Net Income</I></B></P>
<P style="text-align: left;"> As a result of the foregoing, net income decreased 14% to Ps. 529 millions in the first quarter of 2011 versus Ps. 614 millions in the same period of 2010.</P>
<P style="text-align: left;"> <B><I>Liquidity and Capital Resources</I></B></P>
<P style="text-align: left;"> As of March 31, 2011, Simec&#146;s total consolidated debt consisted of U.S. &#36;302,000 of 8 7/8% medium-term notes (&#147;MTN's&#148;) due 1998, or Ps. 3.6 millions (accrued interest on March 31, 2011 was U.S. &#36;452,189, or Ps. 5.4 millions). As of December 31, 2010, Simec&#146;s total consolidated debt consisted of U.S. &#36;302,000 of 8 7/8% medium-term notes (&#147;MTN's&#148;) due 1998 (accrued interest on December 31, 2010 was U.S. &#36;445,314).</P>
<P style="text-align: left;"> <B>Comparative first quarter of 2011 vs. fourth quarter of 2010</B></P>
<P style="text-align: left;"> <B><I>Net Sales</I></B></P>
<P style="text-align: left;"> Net sales of the company increased 17% from Ps. 5,615 millions of the fourth quarter of 2010 to Ps. 6,565 millions to the first quarter of 2011. Sales in tons of finished steel increased 3% from 522 thousand tons in the fourth quarter of 2010 compared with 538 thousand tons in the first quarter of 2011. The total sales outside of Mexico for the first quarter of 2011 increased 19% to Ps. 3,094 millions in the fourth quarter of 2010, compared with Ps. 3,678 millions for the first quarter of 2011. The Mexican sales increased 15% from Ps. 2,521 millions in the fourth quarter of 2010 to Ps. 2,887 millions in the first quarter of 2011. Prices of finished products sold in the first quarter 2011 increased 13% compared to the fourth quarter 2010.</P>
<P style="text-align: left;"> <B><I>Direct Cost of Sales</I></B></P>
<P style="text-align: left;"> Direct cost of sales increased 11% from Ps. 5,136 millions in the fourth quarter of 2010 to Ps. 5,682 millions in the first quarter of 2011. With respect to sales, in the first quarter of 2011, the direct cost of sales represent 87% compared to 91% for the fourth quarter of 2010. The average cost of raw materials used to produce steel products increased 7% in the first quarter of 2011 versus the fourth quarter of 2010, primarily as a result of increase in the volume of shipments and increases in the price of raw materials.</P>
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<P style="text-align: left;"> <B><I>Marginal (Loss) Profit</I></B></P>
<P style="text-align: left;"> Marginal profit for the first quarter of 2011 grew to Ps. 883 millions compared with the profit of Ps. 479 millions in the fourth quarter of 2010, this represented an increased of 84%. The marginal profit as a percentage of net sales for the first quarter of 2011 was 13% compared with 9% for the fourth quarter of 2010. The increase in marginal profit is due to the swift improved in the volume of the shipments and improved of the sales price.</P>
<P style="text-align: left;"> <B><I>Operating Expenses</I></B></P>
<P style="text-align: left;"> Operating expenses represented to Ps. 282 millions in the first quarter of 2011 versus Ps. 325 millions in the fourth quarter of 2010, equivalent to a decreased of 13%. Operating expenses as a percentage of net sales represented 4% during the first quarter of 2011 and 6% for the fourth quarter of 2010.</P>
<P style="text-align: left;"> <B><I>Operating (Loss) Income</I></B></P>
<P style="text-align: left;"> Operating income was Ps. 601 millions in the first quarter of 2011 compared to Ps. 154 millions of the fourth quarter of 2010. The operating income increase 290% between both quarters. The operating income as a percentage of net sales in the first quarter of 2011 was 9% compared to a operating loss of 3% in the fourth quarter 2010. The increase in operating income is due to the improved in shipments and sales price for the first quarter of 2011 compared with the fourth quarter of 2010.</P>
<P style="text-align: left;"> <B>EBITDA</B></P>
<P style="text-align: left;"> The ebitda of the first quarter of 2011 was of Ps. 831 millions compared to Ps. 402 millions of the fourth quarter of 2010, an increased of Ps 429 millions.</P>
<P style="text-align: left;"> <B><I>Comprehensive Financial Cost</I></B></P>
<P style="text-align: left;"> Comprehensive financial cost for the first quarter of 2011 represented an expense of Ps. 84 millions compared with an expense of Ps. 10 millions for the fourth quarter of 2010. Net interest income was Ps. 2 millions in the first quarter of 2011 compared with a zero cost in the fourth quarter of 2010. At the same time we registered an exchange net loss of Ps. 86 millions in the first quarter of 2011 compared with an exchange net loss of Ps. 10 millions in the fourth quarter of 2010.</P>
<P style="text-align: left;"> <B><I>Other Expenses (Income) net</I></B></P>
<P style="text-align: left;"> The company recorded other income net of Ps. 1 millions in the first quarter of 2011 compared with other expenses net of Ps. 14 millions for the fourth quarter of 2010.</P>
<P style="text-align: left;"> <B><I>Income Taxes</I></B></P>
<P style="text-align: left;"> Income Taxes, the company recorded an income of Ps. 11 millions in the first quarter of 2011 (include an income of income tax deferred for Ps 33 millions) compared against an income of Ps. 85 millions of income for income tax for the fourth quarter of 2010.</P>
<P style="text-align: left;"> <B><I>Income (Loss)</I></B></P>
<P style="text-align: left;"> As a result of the foregoing, the company recorded a net income of Ps. 529 millions in the first quarter 2011 compared to a net income of Ps. 215 millions in the fourth quarter 2010.</P>
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<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" width=100% cellpadding="2">



  <TR valign="bottom">

    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>(Millions of pesos)</FONT></B></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>1Q &#145;11</FONT></B></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>1Q &#145;10</FONT></B></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><B><FONT size=2>4Q &#145;10</FONT></B></div>
    </TD>
    <TD align=right rowspan="2">
      <div align="center"><B><FONT size=2>1Q&acute;11 vs<br>
      </FONT></B><B><FONT size=2>1Q'10</FONT></B></div>
    </TD>
    <TD align=right rowspan="2">
      <div align="center"><B><FONT size=2>1Q&acute;11 vs</FONT></B><br>
      <B><FONT size=2>4Q&acute;10</FONT></B></div>
    </TD>
  </TR>

  <TR valign="bottom">


    </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Sales</FONT></TD>
    <TD align=right> <FONT size=2>6,565</FONT></TD>
    <TD align=right> <FONT size=2>6,393</FONT></TD>
    <TD align=right> <FONT size=2>5,615</FONT></TD>
    <TD align=right> <FONT size=2>3%</FONT></TD>
    <TD align=right> <FONT size=2>17%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Cost of Sales</FONT></TD>
    <TD align=right> <FONT size=2>5,682</FONT></TD>
    <TD align=right> <FONT size=2>5,391</FONT></TD>
    <TD align=right> <FONT size=2>5,136</FONT></TD>
    <TD align=right> <FONT size=2>5%</FONT></TD>
    <TD align=right> <FONT size=2>11%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Gross Profit</FONT></TD>
    <TD align=right> <FONT size=2>883</FONT></TD>
    <TD align=right> <FONT size=2>1.002</FONT></TD>
    <TD align=right> <FONT size=2>479</FONT></TD>
    <TD align=right> <FONT size=2>(12%)</FONT></TD>
    <TD align=right> <FONT size=2>84%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Operating Expenses</FONT></TD>
    <TD align=right> <FONT size=2>282</FONT></TD>
    <TD align=right> <FONT size=2>354</FONT></TD>
    <TD align=right> <FONT size=2>325</FONT></TD>
    <TD align=right> <FONT size=2>(20%)</FONT></TD>
    <TD align=right> <FONT size=2>(13%)</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Operating Profit</FONT></TD>
    <TD align=right> <FONT size=2>601</FONT></TD>
    <TD align=right> <FONT size=2>648</FONT></TD>
    <TD align=right> <FONT size=2>154</FONT></TD>
    <TD align=right> <FONT size=2>(7%)</FONT></TD>
    <TD align=right> <FONT size=2>290%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>EBITDA</FONT></TD>
    <TD align=right> <FONT size=2>831</FONT></TD>
    <TD align=right> <FONT size=2>906</FONT></TD>
    <TD align=right> <FONT size=2>402</FONT></TD>
    <TD align=right> <FONT size=2>(8%)</FONT></TD>
    <TD align=right> <FONT size=2>107%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Net Profit</FONT></TD>
    <TD align=right> <FONT size=2>529</FONT></TD>
    <TD align=right> <FONT size=2>614</FONT></TD>
    <TD align=right> <FONT size=2>215</FONT></TD>
    <TD align=right> <FONT size=2>(14%)</FONT></TD>
    <TD align=right> <FONT size=2>146%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Sales outside Mexico</FONT></TD>
    <TD align=right> <FONT size=2>3,678</FONT></TD>
    <TD align=right> <FONT size=2>3,380</FONT></TD>
    <TD align=right> <FONT size=2>3,094</FONT></TD>
    <TD align=right> <FONT size=2>9%</FONT></TD>
    <TD align=right> <FONT size=2>19%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Sales in M&eacute;xico</FONT></TD>
    <TD align=right> <FONT size=2>2,887</FONT></TD>
    <TD align=right> <FONT size=2>3,013</FONT></TD>
    <TD align=right> <FONT size=2>2,521</FONT></TD>
    <TD align=right> <FONT size=2>(4%)</FONT></TD>
    <TD align=right> <FONT size=2>15%</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>Total sales (tons)</FONT></TD>
    <TD align=right> <FONT size=2>538</FONT></TD>
    <TD align=right> <FONT size=2>604</FONT></TD>
    <TD align=right> <FONT size=2>522</FONT></TD>
    <TD align=right> <FONT size=2>(11%)</FONT></TD>
    <TD align=right> <FONT size=2>3%</FONT></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="bottom">

    <TD align=center rowspan="5" valign="top"> <B><FONT size=2>Product</FONT></B>
      <div align="center"></div>
    </TD>
    <TD align=left colspan="9">&nbsp;         </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left rowspan="4">
      <div align="center"><B><FONT size=2>Thousands<br>
      </FONT></B><B><FONT size=2>of tons<br>
      </FONT></B><B><FONT size=2>1Q '11</FONT></B></div>
    </TD>
    <TD align=left rowspan="4">
      <div align="center"><B><FONT size=2>Millions of<br>
      </FONT></B><B><FONT size=2>pesos<br>
      </FONT></B><B><FONT size=2>1Q'11</FONT></B></div>
    </TD>
    <TD align=left rowspan="4">
      <div align="center"><B><FONT size=2>Average<br>
      </FONT></B><B><FONT size=2>price per</FONT></B><br>
      <B><FONT size=2>ton 1Q'11</FONT></B></div>
    </TD>
    <TD align=left rowspan="4">
      <div align="center"><B><FONT size=2>Thousands<br>
      </FONT></B><B><FONT size=2>of tons<br>
      </FONT></B><B><FONT size=2>1Q'10</FONT></B></div>
    </TD>
    <TD align=left rowspan="4">
      <div align="center"><B><FONT size=2>Millions<br>
      </FONT></B><B><FONT size=2>of pesos</FONT></B><br>
      <B><FONT size=2>1Q'10</FONT></B></div>
    </TD>
    <TD align=center rowspan="4">
      <div align="center"><B><FONT size=2>Average</FONT></B><br>
      <B><FONT size=2>price per</FONT></B><br>
      <B><FONT size=2>ton<br>
      </FONT></B><B><FONT size=2>1Q'10</FONT></B></div>
    </TD>
    <TD align=left rowspan="4">
      <div align="center"><B><FONT size=2>Thousands<br>
      </FONT></B><B><FONT size=2>of tons<br>
      </FONT></B><B><FONT size=2>4Q'10</FONT></B></div>
    </TD>
    <TD align=left rowspan="4">
      <div align="center"><B><FONT size=2>Millions<br>
      </FONT></B><B><FONT size=2>of pesos<br>
      </FONT></B><B><FONT size=2>4Q'10</FONT></B></div>
    </TD>
    <TD align=center rowspan="4">
      <div align="center"><B><FONT size=2>Average<br>
      </FONT></B><B><FONT size=2>price per</FONT></B><br>
       <B><FONT size=2>ton<br>
      </FONT></B><B><FONT size=2>4Q'10</FONT></B></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left> <B><FONT size=2>Comercial Profiles</FONT></B></TD>
    <TD align=left style="TEXT-INDENT:8.000000px">
      <div align="right"><FONT size=2>234</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>2,362</FONT></div>
    </TD>
    <TD align=left style="TEXT-INDENT:3.000000px">
      <div align="right"><FONT size=2>10,094</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>284</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>2,488</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>8,760</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>261</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>2,428</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>9,303</FONT></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <B><FONT size=2>Special Profiles</FONT></B></TD>
    <TD align=left style="TEXT-INDENT:8.000000px">
      <div align="right"><FONT size=2>304</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>4,203</FONT></div>
    </TD>
    <TD align=left style="TEXT-INDENT:3.000000px">
      <div align="right"><FONT size=2>13,825</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>320</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>3,905</FONT></div>
    </TD>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>12,203</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>261</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>3,187</FONT></div>
    </TD>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>12,211</FONT></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left>&nbsp; </TD>
    <TD align=left style="TEXT-INDENT:8.000000px">
      <div align="right"><FONT size=2>538</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>6565</FONT></div>
    </TD>
    <TD align=left style="TEXT-INDENT:3.000000px">
      <div align="right"><FONT size=2>10,202</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>604</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>6,393</FONT></div>
    </TD>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>10,584</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>522</FONT></div>
    </TD>
    <TD align=right>
      <div align="right"><FONT size=2>5,615</FONT></div>
    </TD>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><FONT size=2>10,757</FONT></div>
    </TD>
  </TR>

</TABLE>
<div align="center"><BR>

 <B>The comparative table of the three Quarter Income have been modified with the full cost system</B>
</div>

<div align="center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<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>
</div>
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<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=48%></TD>
    <TD width=27%></TD>
    <TD width=23%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>STOCK EXCHANGE CODE</FONT><B><FONT size=2>: SIMEC</FONT></B></TD>
    <TD align=left colspan="2">
      <div align="right"><FONT size=2>QUARTER: 1</FONT> <FONT size=2>YEAR: </FONT><B><FONT size=2>2011</FONT></B></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>GRUPO SIMEC, S.A.B. DE C.V.</FONT></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=3> <B><FONT size=2>FINANCIAL STATEMENT NOTES</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left style="TEXT-INDENT:7.000000px">
      <div align="right"><FONT size=2>CONSOLIDATED</FONT></div>
    </TD>
  </TR>

</TABLE>
<BR>
<P style="text-align: left;"> <B>(1) Operations preparation bases and summary of significant accounting policies:</B></P>
<P style="text-align: left;"> Grupo Simec, S.A. de C.V. and its Subsidiaries (&#147;the Company&#148;) are subsidiaries of Industrias CH, S.A. de C.V. (&#147;ICH&#148;), and their main activities consist of the manufacturing and sale of steel products primarily destined for the construction sector of Mexico and other countries.</P>
<P style="text-align: left;"> Significant accounting policies and practices followed by the Companies which affect the principal captions of the financial statements are described below:</P>
<P style="text-align: left;"> <B>a. Financial statement presentation </B>- Below is a summary of the most significant accounting policies and practices used in the preparation of the consolidated financial statements, in conformity with Mexican Financial Reporting Standards (MFRS), which include Bulletins and Circulars issued by the Accounting Principles Commission (CPC) of the Mexican Institute of Public Accountants (IMCP) which have not been amended, replaced or abrogated by MFRS issued by the Mexican Financial Reporting Standards Research and Development Board (Consejo Mexicano para la Investigaci&oacute;n y Desarrollo de Normas de Informaci&oacute;n Financiera, A.C. (CINIF).</P>
<P style="text-align: left;"><b>b.</b>&nbsp; All significant intercompany balances and transactions have been eliminated in consolidation. </P>
<P style="text-align: left;"><b>c.</b>&nbsp; <b>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 &#150; </B>Are valued to the full cost average by Domestic subsidiaries, and the foreing subsidiaries are valued on a last-in, first-out(LIFO). For translation effects into MFRS the inventories have benn adjusted from LIFO to average full cost system.<br>
   Billet finished goods and work in process, have been valued to the full cost. <br>
  Raw materials, materials, supplies and rollers, at the average cost.</P>
<P style="text-align: left;"> The Company presents as non-current inventories certains raw materials (Coke) 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 border=0 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" width=50% align="center" cellpadding="0">

  <TR>

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

</TABLE>
<BR>
<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> - Applying the prevailing exchange rate at the consolidated balance date for monetary assets and liabilities.<br>
  -  Applying the prevailing historical exchange rate for nonmonetary assets and liabilities and for stockholders&#146; equity accounts.<br>
   - Applying the prevailing the historical exchange rate at the consolidated balance sheet date for revenues and expenses during the reporting period <br>
  - The resulting effect of translation, the process of consolidation and to apply the participation method, is recorded in stockholders&#146; equity under the accumulated effect by conversion forming part of the Comprehensive Income.</p>
<P style="text-align: left;"> <B>l. Geographic concentration of credit risk - </B>The Company sells its products primarily to distributors for the construction industry with no specific geographic concentration. Additionally, no single customer accounted for a significant amount of the Company's sales, and there were no significant accounts receivable from a single customer or affiliate at 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:</B></P>
<P style="text-align: left;"> As of March 31, 2011, Simec&#146;s total consolidated debt consisted of U.S. &#36;302,000 of 8 7/8% medium-term notes (&#147;MTN's&#148;) due 1998, or Ps. 3.6 million (accrued interest on March 31, 2011 was U.S. &#36;452,297, or Ps. 3.7 million). As of December 31, 2010, Simec&#146;s total consolidated debt consisted of U.S. &#36;302,000 of 8 7/8% medium-term notes (&#147;MTN's&#148;) due 1998 (accrued interest on December 31, 2010 was U.S. &#36;445,314).</P>
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<P style="text-align: left;"> <B>(3) Commitments and contingent liabilities: </B></P>
<P style="text-align: left;">a. Pacific Steel, Inc. (a wholly-owned subsidiary located in the U.S.A.) has been named in various claims and suits relating to the generation, storage, transport, disposal and cleanup of materials classified as hazardous waste. The Company has accrued approximately Ps. 5,077 (U.S. &#36;424,207) at March 31, 2011, (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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<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=28%></TD>
    <TD width=45%></TD>
    <TD width=25%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">STOCK EXCHANGE CODE<B>: SIMEC</B></font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>
      <div align="right"><font size="2">QUARTER: 1 YEAR:<B>2011</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">GRUPO SIMEC, S.A.B. DE C.V.</font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=3> <font size="2"><B>RELATIONS OF SHARES INVESTMENTS</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left style="TEXT-INDENT:5.000000px">
      <div align="right"><font size="2">CONSOLIDATED</font></div>
    </TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>


  <TR valign="top">

    <TD align=left style="TEXT-INDENT:18.000000px" rowspan="2">
      <div align="center"><font size="2">COMPANY NAME</font> </div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><font size="2">MAIN ACTIVITIES</font> </div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><font size="2">NUMBER OF<br>
      SHARES</font></div>
    </TD>
    <TD align=right rowspan="2">
      <div align="center"><font size="2">OWNERSHIP</font> </div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=left> <font size="2">Corporaci&oacute;n Aceros DM</font></TD>
    <TD align=center> <font size="2">Sub-Holding</font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> <font size="2">99.99</font></TD>
  </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=left> <font size="2">Simec International 7</font></TD>
    <TD align=center> <font size="2">Production and sales of steel products</font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> <font size="2">99.99</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">Corporaci&oacute;n ASL</font></TD>
    <TD align=center> <font size="2">Sales of steel products</font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> <font size="2">99.99</font></TD>
  </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR>

    <TD rowspan="2"><br>
      <font size="2"><B>TOTAL INVESTMENT IN SUBSIDIARIES</B></font></TD>
    <TD rowspan="2">&nbsp; </TD>
    <TD rowspan="2">&nbsp; </TD>
    <TD rowspan="2">&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    </TR>
  <tr>

    <td rowspan="2">  <font size="2"><B>&nbsp;<br>
      ASSOCIATEDS</B></font></td>
    <td rowspan="2">&nbsp; </td>
    <td rowspan="2">&nbsp; </td>
    <td rowspan="2">&nbsp; </td>
  </tr>



  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

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



  <TR valign="bottom">

    <TD align=left> <font size="2"><B><br>
      TOTAL</B></font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> <font size="2">0</font></TD>
  </TR>

</TABLE>
<BR>
<P style="text-align: left;"> NOTES</P>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> <B>MEXICAN STOCK EXCHANGE</B><BR>
<B>SIFIC / ICS</B></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

<TR>
     <TD width=29%></TD>
     <TD width=43%></TD>
     <TD width=26%></TD></TR>
<TR valign="bottom">
     <TD align=left> <FONT size=2>STOCK EXCHANGE CODE</FONT><B><FONT size=2>: SIMEC</FONT></B></TD>
     <TD align=left>&nbsp; </TD>

    <TD align=left>
      <div align="right"><FONT size=2>QUARTER: </FONT><FONT size=2>1 </FONT><FONT size=2>YEAR:</FONT><B><FONT size=2>2011</FONT></B></div>
    </TD> </TR>
<TR valign="bottom">
     <TD align=left> <FONT size=2>GRUPO SIMEC, S.A.B. DE C.V.</FONT></TD>
     <TD align=left>&nbsp; </TD>
     <TD align=left>&nbsp; </TD> </TR>
<TR valign="bottom">
     <TD align=center colspan=3> <B><FONT size=2>CREDITS BREAK DOWN</FONT></B></TD> </TR>
<TR valign="bottom">
     <TD align=center colspan=3> <B><FONT size=2>(THOUSANDS OF MEXICAN PESOS)</FONT></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 style="TEXT-INDENT:5.000000px">
      <div align="right"><FONT size=2>CONSOLIDATED</FONT></div>
    </TD> </TR> </TABLE><BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="bottom">

    <TD align=left rowspan="2">
      <div align="center"></div>
      <div align="center"></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2"><B>Amortization</B></font></div>
      <div align="center"></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2"><B>Rate of</B></font></div>
      <div align="center"></div>
    </TD>
    <TD align=left colspan="6" rowspan="2">
      <div align="center"><font size="2"><B>Denominated in Pesos (Thousands of Pesos)</B></font></div>
    </TD>
    <TD align=right colspan=6 rowspan="2">
      <div align="center"><font size="2"><B>Denominated in Foreign Currency (Thousands of</B>   <B><br>
      Pesos)</B>   </font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left rowspan="2"> <font size="2"><B>Credit Type /</B> <B>Institution</B></font></TD>
    <TD align=center rowspan="2" valign="top"> <font size="2"><B>Date</B> </font></TD>
    <TD align=left rowspan="2" valign="top"> <font size="2"><B>Interest</B> </font></TD>
    <TD align=left colspan="6" rowspan="2">
      <div align="center"><font size="2"><B>Time Interval</B>  </font></div>
    </TD>
    <TD align=left colspan="6" rowspan="2">
      <div align="center"><font size="2"><B>Time Interval</B>  </font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>




  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=center><font size="2"><b>Current</b></font></TD>
    <TD align=center><font size="2"><b>Until<br>
        1</b></font></TD>
    <TD align=center><font size="2"><b>Until<br>
        2</b></font></TD>
    <TD align=center><font size="2"><b>Until<br>
        3</b></font></TD>
    <TD align=center><font size="2"><b>Until<br>
        4</b></font></TD>
    <TD align=center><font size="2"><b>Until<br>
        5</b></font></TD>
    <TD align=center><font size="2"><b>Current</b></font></TD>
    <TD align=center><font size="2"><b>Until<br>
      1</b></font></TD>
    <TD align=center><font size="2"><b>Until<br>
      2</b></font></TD>
    <TD align=center><font size="2"><b>Until<br>
      3</b></font></TD>
    <TD align=center><font size="2"><b>Until<br>
      4</b></font></TD>
    <TD align=center><font size="2"><b>Until<br>
      5</b></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left rowspan="2">&nbsp;  </TD>
    <TD align=left rowspan="2">&nbsp;  </TD>
    <TD align=left rowspan="2">&nbsp;  </TD>
    <TD align=center rowspan="2">
      <div align="center"><font size="2"><B>Year</B></font></div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><font size="2"><B>Year</B></font></div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><font size="2"><b> Years </b></font></div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><font size="2"><b>Years</b></font></div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><font size="2"><B>Years</B></font></div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><font size="2"><B>Years<br>
      or</B></font></div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><font size="2"><B>Year</B></font></div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><font size="2"><B>Year</B></font></div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><font size="2"><b> Years </b></font></div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><font size="2"><b>Years </b></font></div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><font size="2"><b>Years</b></font></div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><font size="2"><B>Years</B><br>
      <B>or</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

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

  <TR valign="bottom">

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

  <TR valign="bottom">

    </TR>
  <tr valign="bottom">

    <td rowspan="2">&nbsp;  </td>
    <td rowspan="2">&nbsp; </td>
    <td rowspan="2">&nbsp; </td>
    <td rowspan="2">
      <div align="right"><font size="2"><br>
        0</font></div>
    </td>
    <td rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </td>
    <td rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </td>
    <td rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </td>
    <td rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </td>
    <td rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </td>
    <td rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </td>
    <td rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </td>
    <td rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </td>
    <td rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </td>
    <td rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </td>
    <td rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </td>
  </tr>



  <TR valign="bottom">

    </TR>
  <tr>

    <td>&nbsp; </td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>



  <TR valign="bottom">

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

  <TR valign="bottom">

    </TR>

  <tr>

    <td>&nbsp; </td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>

    <td>&nbsp; </td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>

    <td>&nbsp; </td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>









  <TR valign="bottom">

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

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    </TR>



  <TR valign="bottom">

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

  <TR valign="bottom">

    </TR>



  <TR valign="bottom">

    <TD align=left rowspan="2"> <font size="2">Medium Term</font> <font size="2"><br>
      Notes</font></TD>
    <TD align=left rowspan="2">
      <div align="right"><font size="2">15/12/1998</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right"><font size="2">9.33</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right"><font size="2">3,614</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="right"><font size="2">0</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>
  <tr>

    <td>&nbsp; </td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>

    <td>&nbsp; </td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>







  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2"><b>TOTAL</b></font> <font size="2"><b><br>
      STOCK<br>
      EXCHANGE</b></font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=left style="TEXT-INDENT:4.000000px"> <font size="2">0</font></TD>
    <TD align=left style="TEXT-INDENT:2.000000px"> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">3,614</font></TD>
    <TD align=left style="TEXT-INDENT:4.000000px"> <font size="2">0</font></TD>
    <TD align=center> <font size="2">0</font></TD>
    <TD align=left style="TEXT-INDENT:2.000000px"> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">0</font></TD>
  </TR>
  <tr>

    <td>&nbsp; </td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>

    <td>&nbsp; </td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>

  <tr>

    <td>&nbsp; </td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>









  <TR valign="bottom">

    <TD align=left> <font size="2"><B>SUPPLIERS<br>
      &nbsp;
      </B></font></TD>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </TR>



  <TR valign="bottom">

    <TD align=left> <font size="2">Various</font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right>
      <div align="right"><font size="2">700,280</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:4.000000px">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">1,898,714</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:4.000000px">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=center>
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">0</font></div>
    </TD>
  </TR>
  <tr>

    <td>&nbsp; </td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>



  <TR valign="bottom">

    <TD align=left rowspan="2"> <font size="2"><B>TOTAL</B></font> <font size="2"><B><br>
      SUPPLIERS</B></font></TD>
    <TD align=left rowspan="2">&nbsp;  </TD>
    <TD align=left rowspan="2">&nbsp;  </TD>
    <TD align=right rowspan="2">  <font size="2">700,280</font></TD>
    <TD align=right rowspan="2">  <font size="2">0</font></TD>
    <TD align=right rowspan="2">  <font size="2">0</font></TD>
    <TD align=right rowspan="2">  <font size="2">0</font></TD>
    <TD align=right rowspan="2">  <font size="2">0</font></TD>
    <TD align=right rowspan="2">  <font size="2">0</font></TD>
    <TD align=right rowspan="2">  <font size="2">1,898,714</font></TD>
    <TD align=right rowspan="2">  <font size="2">0</font></TD>
    <TD align=right rowspan="2">  <font size="2">0</font></TD>
    <TD align=right rowspan="2">  <font size="2">0</font></TD>
    <TD align=right rowspan="2">  <font size="2">0</font></TD>
    <TD align=right rowspan="2">  <font size="2">0</font></TD>
  </TR>

  <TR valign="bottom">

    </TR>
  <tr>

    <td>&nbsp; </td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>



  <TR valign="bottom" align="left">

    <TD rowspan="3"> <font size="2"><B>OTHER</B></font> <font size="2"><B><br>
      LOANS WITH</B></font><br>
      <font size="2"><B>
      COST</B></font></TD>
    <TD rowspan="3">&nbsp; &nbsp;  </TD>
    <TD rowspan="3" align=right>  <font size="2">0.25</font>
      &nbsp;
    </TD>
    <TD rowspan="3" align=right>&nbsp;&nbsp;   </TD>
    <TD rowspan="3" align=right>&nbsp;&nbsp;   </TD>
    <TD rowspan="3" align=right>&nbsp;&nbsp;   </TD>
    <TD rowspan="3" align=right>&nbsp;   </TD>
    <TD rowspan="3" align=right>&nbsp;   </TD>
    <TD rowspan="3" align=right>&nbsp;   </TD>
    <TD rowspan="3" align=right>   <font size="2">581,130</font></TD>
    <TD rowspan="3">&nbsp;   </TD>
    <TD rowspan="3">&nbsp;   </TD>
    <TD rowspan="3">&nbsp;   </TD>
    <TD rowspan="3">&nbsp;   </TD>
    <TD rowspan="3">&nbsp;   </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    </TR>

  <TR>

    <TD rowspan="4">&nbsp; &nbsp;     </TD>
    <TD rowspan="4">&nbsp; &nbsp; <br>
      <br>
      <br>
    </TD>
    <TD rowspan="4">&nbsp; &nbsp; </TD>
    <TD rowspan="4">&nbsp; &nbsp; </TD>
    <TD rowspan="4">&nbsp; &nbsp; </TD>
    <TD rowspan="4">&nbsp;</TD>
    <TD rowspan="4">&nbsp; &nbsp; </TD>
    <TD rowspan="4">&nbsp;</TD>
    <TD rowspan="4">&nbsp;</TD>
    <TD rowspan="4">&nbsp;</TD>
    <TD rowspan="4">&nbsp; &nbsp; </TD>
    <TD rowspan="4">&nbsp; &nbsp; </TD>
    <TD rowspan="4">&nbsp;</TD>
    <TD rowspan="4">&nbsp;</TD>
    <TD rowspan="4">&nbsp;</TD>
  </TR>

  <TR>

    </TR>

  <TR>

    </TR>

  <TR>

    </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2"><B>TOTAL</B></font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right>
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:4.000000px">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:4.000000px">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=center>
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">0</font></div>
    </TD>
  </TR>

</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
<!-- *************************************************************************** -->
<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>
  <tr>

    <td width="18%">&nbsp; </td>
    <td width="11%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="6%">&nbsp;</td>
    <td width="4%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="6%">&nbsp;</td>
    <td width="6%">&nbsp;</td>
  </tr>




  <TR valign="bottom">
    <TD align=left rowspan="5" width="18%"> <font size="2"><B>OTHER</B></font> <font size="2"><B><br>
      CURRENT</B></font> <font size="2"><B><br>
      LIABILITIES</B></font> <font size="2"><B><br>
      WITHOUT</B></font> <font size="2"><B><br>
      COST</B></font></TD>
    <TD align=left rowspan="5" width="11%"><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font></TD>
    <td align=left rowspan="5" width="7%"><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font></td>
    <td align=left rowspan="5" width="6%"><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font></td>
    <td align=left rowspan="5" width="4%"><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font></td>
    <td align=left rowspan="5" width="5%"><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font></td>
    <td align=left rowspan="5" width="5%"><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font></td>
    <td align=left rowspan="5" width="5%"><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font></td>
    <td align=left rowspan="5" width="5%"><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font></td>
    <td align=left rowspan="5" width="7%"><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font></td>
    <td align=left rowspan="5" width="5%"><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font></td>
    <td align=left rowspan="5" width="5%"><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font></td>
    <td align=left rowspan="5" width="5%"><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font></td>
    <td align=left rowspan="5" width="6%"><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font></td>
    <td align=left rowspan="5" width="6%"><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font><font size="2">&nbsp;</font></td>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left width="18%"> <font size="2">Various</font></TD>
    <TD align=right width="11%"><font size="2">&nbsp;</font></TD>
    <td align=right width="7%"><font size="2">&nbsp;</font></td>
    <TD align=right width="6%">
      <div align="right"><font size="2">99,310</font></div>
    </TD>
    <TD align=left width="4%">
      <div align="right"><font size="2"> 0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=right width="7%">
      <div align="right"><font size="2">423,365</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2"> 0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="6%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="6%">
      <div align="right"><font size="2">0</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width="18%"> <font size="2"><B>TOTAL</B></font></TD>
    <TD align=right width="11%"><font size="2">&nbsp;</font></TD>
    <td align=right width="7%"><font size="2">&nbsp;</font></td>
    <TD align=right width="6%">
      <div align="right"><font size="2">99,310</font></div>
    </TD>
    <TD align=left width="4%">
      <div align="right"><font size="2"> 0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=right width="7%">
      <div align="right"><font size="2">423,365</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2"> 0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="6%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="6%">
      <div align="right"><font size="2">0</font></div>
    </TD>
  </TR>
  <tr>

    <td width="18%">&nbsp; </td>
    <td width="11%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="6%">&nbsp;</td>
    <td width="4%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="6%">&nbsp;</td>
    <td width="6%">&nbsp;</td>
  </tr>
  <tr>

    <td width="18%">&nbsp; </td>
    <td width="11%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="6%">&nbsp;</td>
    <td width="4%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="7%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="5%">&nbsp;</td>
    <td width="6%">&nbsp;</td>
    <td width="6%">&nbsp;</td>
  </tr>





  <TR valign="bottom">

    <TD align=left width="18%"> <font size="2"><B>TOTAL</B></font></TD>
    <TD align=right width="11%"><font size="2">&nbsp;</font></TD>
    <td align=right width="7%"><font size="2">&nbsp;</font></td>
    <TD align=right width="6%">
      <div align="right"><font size="2">799,590</font></div>
    </TD>
    <TD align=left width="4%">
      <div align="right"><font size="2"> 0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=right width="7%">
      <div align="right"><font size="2">2,906,823</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2"> 0</font></div>
    </TD>
    <TD align=left width="5%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="6%">
      <div align="right"><font size="2">0</font></div>
    </TD>
    <TD align=left width="6%">
      <div align="right"><font size="2">0</font></div>
    </TD>
  </TR>

</TABLE>
<BR>
<P> <B>NOTES: </B>The exchange rate of the peso to the U.S. Dollar at March 31, 2011 was Ps. 11.9678</P>
<HR noshade align="center" width="100%" size="5">
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<BR>
<P style="text-align: center;"> MEXICAN STOCK EXCHANGE<BR>
SIFIC / ICS</P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=29%></TD>
    <TD width=45%></TD>
    <TD width=5%></TD>
    <TD width=21%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width="29%"> <font size="2">STOCK EXCHANGE CODE:</font></TD>
    <TD align=left style="TEXT-INDENT:43.000000px" colspan="3">
      <div align="right"><font size="2"><B>SIMEC </B>QUARTER:</font> <font size="2">1</font> <font size="2">YEAR: <B>2011</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width="29%"> <font size="2"><B>GRUPO SIMEC, S.A.B. DE C.V.</B></font></TD>
    <TD align=left width="45%">&nbsp; </TD>
    <TD align=left width="5%">&nbsp; </TD>
    <TD align=left width="21%">&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2"><B>MONETARY FOREIGN CURRENCY POSITION</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2"><B>(Thousands of Mexican Pesos)</B></font></TD>
  </TR>

  <TR>

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

  <TR valign="bottom">

    <TD align=left width="29%">&nbsp; </TD>
    <TD align=left width="45%">&nbsp; </TD>
    <TD align=left width="5%">&nbsp; </TD>
    <TD align=left style="TEXT-INDENT:4.000000px" width="21%">
      <div align="right"><font size="2"><B>CONSOLIDATED</B></font></div>
    </TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="bottom">

    <TD align=left>&nbsp; </TD>
    <TD align=center colspan=2> <B><FONT size=2>DOLLARS</FONT></B></TD>
    <TD align=right colspan=2>
      <div align="center"><B><FONT size=2>OTHER CURRENCIES</FONT></B></div>
    </TD>
    <TD align=center>
      <div align="center"><B><FONT size=2>TOTAL</FONT></B></div>
    </TD>
  </TR>

  <TR valign="top" align="center">

    <TD rowspan="2"> <B><FONT size=2>FOREING CURRENCY POSITION</FONT></B> </TD>
    <TD rowspan="2"> <B><FONT size=2>THOUSANDS</FONT></B> <B><FONT size=2><br>
      OF DOLLARS</FONT></B></TD>
    <TD rowspan="2"> <B><FONT size=2>THOUSANDS</FONT></B> <B><FONT size=2><br>
      OF PESOS</FONT></B></TD>
    <TD rowspan="2"> <B><FONT size=2>THOUSANDS</FONT></B> <B><FONT size=2><br>
      OF DOLLARS</FONT></B></TD>
    <TD rowspan="2"> <B><FONT size=2>THOUSANDS</FONT></B> <B><FONT size=2><br>
      OF PESOS</FONT></B></TD>
    <TD rowspan="2"> <B><FONT size=2>THOUSANDS</FONT></B> <B><FONT size=2><br>
      OF PESOS</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR>

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

    <td>&nbsp; </td>
    <td>&nbsp;&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>



  <TR valign="bottom">

    <TD align=left> <B><FONT size=2>TOTAL ASSETS</FONT></B></TD>
    <TD align=right> <B><FONT size=2>450,873</FONT></B></TD>
    <TD align=right> <B><FONT size=2>5,395,961</FONT></B></TD>
    <TD align=right> <B><FONT size=2>660</FONT></B></TD>
    <TD align=right> <B><FONT size=2>7,895</FONT></B></TD>
    <TD align=right> <B><FONT size=2>5,403,856</FONT></B></TD>
  </TR>
  <tr>

    <td>&nbsp; </td>
    <td>&nbsp;&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>




  <TR valign="bottom">

    <TD align=left> <B><FONT size=2>LIABILITIES POSITION</FONT></B></TD>
    <TD align=right> <B><FONT size=2>247,015</FONT></B></TD>
    <TD align=right> <B><FONT size=2>2,957,833</FONT></B></TD>
    <TD align=right> <B><FONT size=2>0</FONT></B></TD>
    <TD align=right> <B><FONT size=2>0</FONT></B></TD>
    <TD align=right> <B><FONT size=2>2,957,833</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>SHORT TERM LIABILITIES POSITION</FONT></TD>
    <TD align=right> <FONT size=2>242,887</FONT></TD>
    <TD align=right> <FONT size=2>2,906,823</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>2,906,823</FONT></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>LONG TERM LIABILITIES POSITION</FONT></TD>
    <TD align=right> <FONT size=2>4,128</FONT></TD>
    <TD align=right> <FONT size=2>51,010</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>0</FONT></TD>
    <TD align=right> <FONT size=2>51,010</FONT></TD>
  </TR>
  <tr>

    <td>&nbsp; </td>
    <td>&nbsp;&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>




  <TR valign="bottom">

    <TD align=left> <B><FONT size=2>NET BALANCE</FONT></B></TD>
    <TD align=right> <B><FONT size=2>203,858</FONT></B></TD>
    <TD align=right> <B><FONT size=2>2,438,128</FONT></B></TD>
    <TD align=right> <B><FONT size=2>660</FONT></B></TD>
    <TD align=right> <B><FONT size=2>7,895</FONT></B></TD>
    <TD align=right> <B><FONT size=2>2,446,023</FONT></B></TD>
  </TR>

</TABLE>
<P style="text-align: left;"> <B><font size="2">NOTES</font></B><font size="2"><BR>

THE EXCHANGE RATE OF THE PESO TO THE U.S. DOLLAR AT MARCH 31, 2011 WAS PS. 11.9678</font></P>
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<BR>
<P style="text-align: center;" align="center"> <font size="2">MEXICAN STOCK EXCHANGE<BR>

SIFIC / ICS</font></P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=31%></TD>
    <TD width=31%></TD>
    <TD width=12%></TD>
    <TD width=6%></TD>
    <TD width=18%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">STOCK EXCHANGE CODE:</font></TD>
    <TD align=left style="TEXT-INDENT:24.000000px" colspan="4">
      <div align="right"><font size="2"><B>SIMEC </B>QUARTER 1 YEAR: <B>2011</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2"><B>GRUPO SIMEC, S.A.B. DE C.V.</B></font></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=5> <font size="2"><B>DEBT INSTRUMENTS</B></font></TD>
  </TR>

  <TR>

    <TD colspan=5>&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 style="TEXT-INDENT:4.000000px">
      <div align="right"><font size="2"><B>CONSOLIDATED</B></font></div>
    </TD>
  </TR>

</TABLE>

<P style="text-align: left;"> <B>FINANCIAL LIMITED BASED IN ISSUED DEED AND/OR TITLE</B></P>
<P style="text-align: center;"> <B>MEDIUM TERM NOTES</B></P>
<TABLE border=0 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" width="100%" cellpadding="0">

  <TR>
    <TD nowrap valign=top><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></TD>
    <TD nowrap valign=top width="100%" colspan="2"><font size="2"> A)&nbsp; Current assets to current liabilities must be 1.0 times or more.  </font></TD>
  </TR>


  <TR>
    <TD nowrap valign=top width="2%"><font size="2"></font></TD>
    <TD nowrap valign=top width="100%" colspan="2"><font size="2"> B)&nbsp; Total liabilities to total assets do not be more than 0.60.       </font></TD>
  </TR>


  <TR>
    <TD nowrap valign=top width="2%"><font size="2"></font></TD>
    <TD nowrap valign=top width="100%" colspan="2"><font size="2"> C)&nbsp;Operating income plus items added to income which do not require using cash must be 2.0 times or more.    </font></TD>
  </TR>
  <TR>
    <TD nowrap valign=top width="2%">&nbsp;</TD>
    <TD nowrap valign=top colspan="2">&nbsp;</TD>
  </TR>

  <TR>
    <TD nowrap valign=top width="2%"><font size="2"></font></TD>
    <TD nowrap valign=top colspan="2"><font size="2">This notes was offered in the international market.</font></TD>
  </TR>


</TABLE>
<P style="text-align: center;"><B>ACTUAL SITUATION OF FINANCIAL LIMITED</B></P>
<TABLE border=0 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" width="100%" cellpadding="0">
  <TR>
    <TD nowrap valign=top width="2%"><font size="2">&nbsp;&nbsp;&nbsp;&nbsp;</font></TD>
    <TD nowrap valign=top width="100%" colspan="2"><font size="2">MEDIUM TERM NOTES</font></TD>
  </TR>

  <TR>
    <TD nowrap valign=top width="2%"><font size="2"></font></TD>
    <TD nowrap valign=top width="100%" colspan="2"><font size="2"> A)&nbsp;Accomplished the actual situation is 3.45 times.  </font></TD>
  </TR>


  <TR>
    <TD nowrap valign=top width="2%"><font size="2"></font></TD>
    <TD nowrap valign=top width="100%" colspan="2"><font size="2"> B)&nbsp;Accomplished the actual situation is 0.33 </font></TD>
  </TR>


  <TR>
    <TD nowrap valign=top width="2%"><font size="2"></font></TD>
    <TD nowrap valign=top width="100%" colspan="2"><font size="2"> C)&nbsp;Accomplished the actual situation is 448.1        </font></TD>
  </TR>
  <TR>
    <TD nowrap valign=top width="2%"><font size="2"></font></TD>
    <TD nowrap valign=top width="100%" colspan="2"><font size="2">&nbsp;</font></TD>
  </TR>
  <TR>
    <TD nowrap valign=top width="2%"><font size="2"></font></TD>
    <TD nowrap valign=top width="100%" colspan="2"><font size="2">As of March 31, 2011, the remaining balance of the MTNs not exchanged amounts to Ps. 3,614 (&#36;302,000 dollars).</font></TD>
  </TR>
  <TR>
    <TD nowrap valign=top width="2%"><font size="2"></font></TD>
    <TD nowrap valign=top width="100%" colspan="2"><font size="2">&nbsp;</font></TD>
  </TR>
  <TR>
    <TD nowrap valign=top width="2%"><font size="2"></font></TD>
    <TD nowrap valign=top width="100%" colspan="2"><font size="2">C.P. Adolfo Luna Luna<br>

Chief Financial Officer</font></TD>
  </TR>


</TABLE>
<P style="text-align: center;" align="center"><B>BONDS AND/OR MEDIUM TERM NOTES CERTIFICATE</B></P>
<HR noshade align="center" width="100%" size="5">
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<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
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<BR>
<P style="text-align: center;"> MEXICAN STOCK EXCHANGE<BR>
SIFIC / ICS</P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;">

  <TR>

    <TD width=39%></TD>
    <TD width=34%></TD>
    <TD width=7%></TD>
    <TD width=18%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>STOCK EXCHANGE CODE:</FONT></TD>
    <TD align=left colspan="3">
      <div align="right"><B><FONT size=2>SIMEC </FONT></B><FONT size=2>QUARTER:</FONT> <FONT size=2>1</FONT> <FONT size=2>YEAR: </FONT><B><FONT size=2>2011</FONT></B></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <B><FONT size=2>GRUPO SIMEC, S.A.B. DE C.V.</FONT></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><FONT size=2>PLANTS, COMMERCE CENTERS OR DISTRIBUTION CENTERS</FONT></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 style="TEXT-INDENT:4.000000px">
      <div align="right"><B><FONT size=2>CONSOLIDATED</FONT></B></div>
    </TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="top" align="center">

    <TD style="TEXT-INDENT:15.000000px" rowspan="2"> <font size="2"><B>PLANT OR CENTER</B> </font></TD>
    <TD style="TEXT-INDENT:10.000000px" rowspan="2"> <font size="2"><B>ECONOMIC ACTIVITY</B> </font></TD>
    <TD rowspan="2"> <font size="2"><B>PLANT<br>
      CAPACITY</B></font></TD>
    <TD rowspan="2"> <font size="2"><B>UTILIZATION (%)</B> </font></TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left rowspan="2" valign="top"> <font size="2">GUADALAJARA MINI MILL</font> </TD>
    <TD align=left rowspan="2"> <font size="2">PRODUCTION AND SALES OF STEEL</font> <font size="2"><br>
      PRODUCTS</font></TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">480</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">56.09</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left rowspan="2" valign="top"> <font size="2">MEXICALI MINI MILL</font> </TD>
    <TD align=left rowspan="2"> <font size="2">PRODUCTION AND SALES OF STEEL</font> <font size="2"><br>
      PRODUCTS</font></TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">250</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">74.38</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left valign="top" rowspan="2"> <font size="2">APIZACO AND CHOLULA PLANTS</font> </TD>
    <TD align=left rowspan="2"> <font size="2">PRODUCTION AND SALES OF STEEL</font> <font size="2"><br>
      PRODUCTS</font></TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">460</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">76.41</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left valign="top"> <font size="2">CANTON CASTER FACILITY</font></TD>
    <TD align=left> <font size="2">PRODUCTION OF BILLET</font></TD>
    <TD align=center> <font size="2">1,380</font></TD>
    <TD align=center> <font size="2">72.94</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left valign="top"> <font size="2">LORAIN CASTER FACILITY</font></TD>
    <TD align=left> <font size="2">PRODUCTION OF BILLET</font></TD>
    <TD align=center> <font size="2">1,150</font></TD>
    <TD align=center> <font size="2">0.00</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left rowspan="2" valign="top"> <font size="2">LORAIN HOT-ROLLING MILL</font> </TD>
    <TD align=left rowspan="2"> <font size="2">PRODUCTION AND SALES OF STEEL</font> <font size="2"><br>
      PRODUCTS</font></TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">840</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">58.74</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left rowspan="2" valign="top"> <font size="2">LACKAWANNA HOT-ROLLING MILL</font> </TD>
    <TD align=left rowspan="2"> <font size="2">PRODUCTION AND SALES OF STEEL</font> <font size="2"><br>
      PRODUCTS</font></TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">600</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">70.48</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left rowspan="2" valign="top"> <font size="2">MASSILLON COLD-FINISH FACILITY</font> </TD>
    <TD align=left rowspan="2"> <font size="2">PRODUCTION AND SALES OF STEEL</font> <font size="2"><br>
      PRODUCTS</font></TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">125</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">61.14</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left rowspan="2" valign="top"> <font size="2">GARY COLD-FINISH FACILITY</font> </TD>
    <TD align=left rowspan="2"> <font size="2">PRODUCTION AND SALES OF STEEL</font> <font size="2"><br>
      PRODUCTS</font></TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">70</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">47.00</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left rowspan="2" valign="top"> <font size="2">ONTARIO COLD-FINISH FACILITY</font> </TD>
    <TD align=left rowspan="2"> <font size="2">PRODUCTION AND SALES OF STEEL</font> <font size="2"><br>
      PRODUCTS</font></TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">60</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">55.00</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left rowspan="2" valign="top"> <font size="2">SAN LUIS POTOSI COLD-FINISH FACILITY</font> </TD>
    <TD align=left rowspan="2"> <font size="2">PRODUCTION AND SALES OF STEEL</font> <font size="2"><br>
      PRODUCTS</font></TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">600</font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2">78.22</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> MEXICAN STOCK EXCHANGE<BR>
SIFIC / ICS</P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;">

  <TR>

    <TD width=31%></TD>
    <TD width=30%></TD>
    <TD width=12%></TD>
    <TD width=6%></TD>
    <TD width=18%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">STOCK EXCHANGE CODE:</font></TD>
    <TD align=left style="TEXT-INDENT:22.000000px" colspan="4">
      <div align="right"><font size="2"><B>SIMEC</B> QUARTER:</font> <font size="2">1</font> <font size="2">YEAR: <B>2011</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2"><B>GRUPO SIMEC, S.A.B. DE C.V.</B></font></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=5> <font size="2"><B>MAIN RAW MATERIALS</B></font></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 style="TEXT-INDENT:4.000000px">
      <div align="right"><font size="2"><B>CONSOLIDATED</B></font></div>
    </TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" width=100% cellpadding="2">



  <TR valign="bottom">

    <TD align=left rowspan="2">
      <div align="center"><font size="2"><B>DOMESTIC</B></font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2"><B>MAIN SUPPLIERS</B></font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2"><B>FOREIGN</B></font></div>
    </TD>
    <TD align=left rowspan="2">
      <div align="center"><font size="2"><B>MAIN SUPPLIERS</B></font></div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><font size="2"><B>DOMESTIC<br>
      SUBSTITUTION</B></font></div>
    </TD>
    <TD align=center rowspan="2">
      <div align="center"><font size="2"><B>COST<br>
      PRODUCTION (%)</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">PLANTS IN USA</font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left> <font size="2">SCRAP</font></TD>
    <TD align=left> <font size="2">VARIOUS</font></TD>
    <TD align=center> <font size="2">NO</font></TD>
    <TD align=center> <font size="2">37.52</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">SCRAP</font></TD>
    <TD align=left> <font size="2">VARIOUS</font></TD>
    <TD align=left> <font size="2">PLANTS IN MEXICO</font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=center> <font size="2">54.80</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">FERROALLOYS</font></TD>
    <TD align=left> <font size="2">VARIOUS</font></TD>
    <TD align=left> <font size="2">PLANTS IN MEXICO</font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=center> <font size="2">YES</font></TD>
    <TD align=center> <font size="2">6.72</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">PLANTS IN USA</font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left> <font size="2">FERROALLOYS</font></TD>
    <TD align=left> <font size="2">VARIOUS</font></TD>
    <TD align=center> <font size="2">NO</font></TD>
    <TD align=center> <font size="2">12.18</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">ELECTRODES</font></TD>
    <TD align=left> <font size="2">VARIOUS</font></TD>
    <TD align=left> <font size="2">PLANTS IN MEXICO</font></TD>
    <TD align=left> <font size="2">VARIOUS</font></TD>
    <TD align=center> <font size="2">YES</font></TD>
    <TD align=center> <font size="2">2.35</font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">PLANTS IN USA</font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left> <font size="2">ELECTRODES</font></TD>
    <TD align=left> <font size="2">VARIOUS</font></TD>
    <TD align=center> <font size="2">NO</font></TD>
    <TD align=center> <font size="2">2.65</font></TD>
  </TR>

</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
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<BR>
<P style="text-align: center;"> MEXICAN STOCK EXCHANGE<BR>
SIFIC / ICS</P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;">

  <TR>

    <TD width=29%></TD>
    <TD width=45%></TD>
    <TD width=6%></TD>
    <TD width=18%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>STOCK EXCHANGE CODE:</FONT></TD>
    <TD align=left style="TEXT-INDENT:29.000000px" colspan="3">
      <div align="right"><B><FONT size=2>SIMEC </FONT></B><FONT size=2>QUARTER:</FONT> <FONT size=2>1</FONT> <FONT size=2>YEAR: </FONT><B><FONT size=2>2011</FONT></B></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <B><FONT size=2>GRUPO SIMEC, S.A.B. DE C.V.</FONT></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><FONT size=2>SELLS DISTRIBUTION BY PRODUCT</FONT></B></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left style="TEXT-INDENT:4.000000px">
      <div align="right"><B><FONT size=2>CONSOLIDATED</FONT></B></div>
    </TD>
  </TR>

  <TR>

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

  <TR>

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

  <TR valign="bottom">

    <TD align=center colspan=4> <B><FONT size=2>DOMESTIC SALES</FONT></B></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>


  <TR valign="top" align="center">

    <TD style="TEXT-INDENT:17.000000px"> <B><FONT size=2>MAIN PRODUCTS</FONT></B></TD>
    <TD colspan=2> <B><FONT size=2>NET SALES<br>
      &nbsp;
      </FONT></B></TD>
    <TD colspan=2 style="TEXT-INDENT:9.000000px"> <B><FONT size=2>MAIN DESTINATION</FONT></B></TD>
  </TR>



  <TR valign="bottom">

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

  <TR valign="bottom">

    <TD align=left> <FONT size=2>COMMERCIAL PROFILES</FONT></TD>
    <TD align=right> <FONT size=2>234</FONT></TD>
    <TD align=right> <FONT size=2>2,337,069</FONT></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>SPECIAL PROFILES</FONT></TD>
    <TD align=right> <FONT size=2>93</FONT></TD>
    <TD align=right> <FONT size=2>1,018,082</FONT></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <FONT size=2>OTHERS</FONT></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> <FONT size=2>24,829</FONT></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>
  <tr>

    <td>&nbsp; </td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </tr>



  <TR valign="bottom">

    <TD align=left> <B><FONT size=2>T O T A L</FONT></B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> <B><FONT size=2>3,379,980</FONT></B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>

  <TR>

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

  <TR valign="bottom">

    <TD align=left> <B><FONT size=2>FOREIGN SALES</FONT></B></TD>
    <TD align=right> <FONT size=2>211</FONT></TD>
    <TD align=right> <B><FONT size=2>3,185,471</FONT></B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <B><FONT size=2>TOTAL</FONT></B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> <B><FONT size=2>6,565,451</FONT></B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>

</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> MEXICAN STOCK EXCHANGE<BR>
SIFIC / ICS</P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=29%></TD>
    <TD width=45%></TD>
    <TD width=6%></TD>
    <TD width=18%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">STOCK EXCHANGE CODE:</font></TD>
    <TD align=left style="TEXT-INDENT:29.000000px" colspan="3">
      <div align="right"><font size="2"><B>SIMEC </B>QUARTER:</font> <font size="2">1</font> <font size="2">YEAR: <B>2011</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2"><B>GRUPO SIMEC, S.A.B. DE C.V.</B></font></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> <font size="2"><B>SELLS DISTRIBUTION BY PRODUCT</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left style="TEXT-INDENT:4.000000px">
      <div align="right"><font size="2"><B>CONSOLIDATED</B></font></div>
    </TD>
  </TR>

  <TR>

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

  <TR>

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

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2"><B>FOREIGN SALES</B></font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="top">

    <TD align=left style="TEXT-INDENT:12.000000px">
      <div align="center"><font size="2"><B>MAIN PRODUCTS<br>
      &nbsp;
      </B></font></div>
    </TD>
    <TD align=right colspan="2">
      <div align="center"><font size="2"><B>NET SELLS</B></font> </div>
    </TD>
    <TD align=left colspan="2">
      <div align="center"><font size="2"><B>MAIN</B></font> </div>
    </TD>
  </TR>



  <TR valign="bottom">

    <TD align=left>
      <div align="center">&nbsp;</div>
    </TD>
    <TD align=left width="15%">
      <div align="center"><font size="2"><b>VOLUME</b></font> </div>
    </TD>
    <TD align=center width="15%">
      <div align="center"><font size="2"><B>AMOUNT</B></font></div>
    </TD>
    <TD align=left width="15%">
      <div align="center"><font size="2"><b>TRADEMARKS</b></font> </div>
    </TD>
    <TD align=left width="15%">
      <div align="center"><font size="2"><B>CUSTOMERS</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2"><B>EXPORTS</B></font></TD>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">COMMERCIAL PROFILES</font></TD>
    <TD align=right> <font size="2">40</font></TD>
    <TD align=right> <font size="2">436,486</font></TD>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">SPECIAL PROFILES</font></TD>
    <TD align=right> <font size="2">3</font></TD>
    <TD align=right> <font size="2">31,709</font></TD>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">OTHERS</font></TD>
    <TD align=right> <font size="2">0</font></TD>
    <TD align=right> <font size="2">24,661</font></TD>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </TR>



  <TR valign="bottom">

    <TD align=left>&nbsp;<br>
       <font size="2"><B>FOREIGN SUBSIDIARIES</B></font></TD>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">SPECIAL PROFILES</font></TD>
    <TD align=right> <font size="2">211</font></TD>
    <TD align=right> <font size="2">3,185,470</font></TD>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </TR>

  <TR>

    <TD>&nbsp; &nbsp;</TD>
    <td valign="bottom">&nbsp;</td>
    <td valign="bottom">&nbsp;</td>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2"><B>T O T A L</B></font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=right> <font size="2"><B>3,678,326</B></font></TD>
    <td>&nbsp;</td>
    <td>&nbsp;</td>
  </TR>

</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> MEXICAN STOCK EXCHANGE<BR>
SIFIC / ICS</P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;">

  <TR>

    <TD width=30%></TD>
    <TD width=32%></TD>
    <TD width=11%></TD>
    <TD width=6%></TD>
    <TD width=18%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">STOCK EXCHANGE CODE:</font></TD>
    <TD align=right colspan="4"> <font size="2"><B>SIMEC</B></font> <font size="2">QUARTER:</font> <font size="2">1</font> <font size="2">YEAR: <B>2011</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2"><B>GRUPO SIMEC, S.A.B. DE C.V.</B></font></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=5> <font size="2"><B>CONSTRUCTION IN PROGRESS</B></font></TD>
  </TR>

  <TR>

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

  <TR>

    <TD colspan=5>&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 style="TEXT-INDENT:4.000000px">
      <div align="right"><font size="2"><B>CONSOLIDATED</B></font></div>
    </TD>
  </TR>

</TABLE>

<P style="text-align: left;"> THE PROJECTS IN PROGRESS AT MARCH 31, 2011, ARE:</P>
<TABLE border=0 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" width=100% cellpadding="0">

  <TR>

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

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:7.000000px">
      <div align="center"><font size="2">PROJECTS IN PROGRESS</font></div>
    </TD>
    <TD align=right> <font size="2">TOTAL INVESTMENT</font></TD>
    <TD align=right>&nbsp;</TD>
  </TR>

  <TR>

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

  <TR valign="bottom">

    <TD align=left> <font size="2">PROJECTS IN REPUBLIC</font></TD>
    <TD align=right> <font size="2">78,306</font></TD>
    <TD align=right width="50%">&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">PROJECTS IN MEXICALI</font></TD>
    <TD align=right> <font size="2">6,700</font></TD>
    <TD align=right>&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">PROJECTS IN TLAXCALA</font></TD>
    <TD align=right> <font size="2">322,659</font></TD>
    <TD align=right>&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">PROJECTS IN GUADALAJARA</font></TD>
    <TD align=right> <font size="2">15,055</font></TD>
    <TD align=right>&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">PROJECTS IN SAN LUIS POTOSI</font></TD>
    <TD align=right> <font size="2">4,032</font></TD>
    <TD align=right>&nbsp;</TD>
  </TR>

  <TR>

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

  <TR valign="bottom">

    <TD align=left rowspan="2"> <font size="2"><B>TOTAL INVESTMENT AT</B></font> <font size="2"><B><br>
      MARCH 31, 2011</B></font></TD>
    <TD align=left rowspan="2">
      <div align="right"><font size="2"><B>426,752</B></font></div>
    </TD>
    <TD align=left>&nbsp;</TD>
  </TR>

  <TR valign="bottom">

    <TD align=right>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=right>
      <hr noshade size="2" width="75" align="right">
    </TD>
    <TD align=right>&nbsp;</TD>
  </TR>

</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> MEXICAN STOCK EXCHANGE<BR>
SIFIC / ICS</P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;">

  <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> <FONT size=2>STOCK EXCHANGE CODE:</FONT></TD>
    <TD align=left colspan="5">
      <div align="right"><B><FONT size=2>SIMEC</FONT></B> <FONT size=2>QUARTER:</FONT> <FONT size=2>1</FONT> <FONT size=2>YEAR:</FONT> <B><FONT size=2>2011</FONT></B></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <B><FONT size=2>GRUPO SIMEC, S.A.B. DE C.V.</FONT></B></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>

</TABLE>
<BR>
<P style="text-align: center;" align="center"> <B>TRANSACTIONS IN FOREIGN CURRENCY AND CONVERSION OF FINANCIAL STATEMENTS OF FOREIGN OPERATIONS <br>
  INFORMATION RELATED TO BULLETIN B-15</B></P>
<P style="text-align: right;" align="right"> <B>CONSOLIDATED</B></P>
<P style="text-align: justify;" align="right"> <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: justify;"> 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: justify;"> 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: justify;"> 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>
<HR noshade align="center" width="100%" size="5">
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<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
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<BR>
<P style="text-align: center;"> MEXICAN STOCK EXCHANGE<BR>
SIFIC / ICS</P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=26%></TD>
    <TD width=48%></TD>
    <TD width=7%></TD>
    <TD width=17%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">STOCK EXCHANGE CODE:</font></TD>
    <TD align=left style="TEXT-INDENT:39.000000px" colspan="3">
      <div align="right"><font size="2"><B>SIMEC </B>QUARTER: 1 YEAR: <B>2011</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2"><B>GRUPO SIMEC, S.A.B. DE C.V.</B></font></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 style="TEXT-INDENT:2.000000px">
      <div align="right"><font size="2"><B>CONSOLIDATED</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2"><B>INTEGRATION OF THE PAID SOCIAL CAPITAL STOCK</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center colspan=4> <font size="2"><B>CHARACTERISTICS OF THE SHARES</B></font></TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2" width=100%>



  <TR valign="top" align="center">

    <TD rowspan="2"> <font size="2"><B>SERIES</B></font> </TD>
    <TD rowspan="2"> <font size="2"><B>NOMINAL</B></font><br>
      <font size="2"><B>VALUE</B></font></TD>
    <TD rowspan="2"> <font size="2"><B>VALID<br>
      </B></font><font size="2"><B>COUPON</B></font></TD>
    <TD colspan="4" rowspan="2">
      <div align="center"><font size="2"><B>NUMBER OF SHARES</B></font>    </div>
    </TD>
    <TD colspan=2 style="TEXT-INDENT:2.000000px" rowspan="2"> <font size="2"><B>CAPITAL STOCK</B></font> <font size="2"><B><br>
      (Thousands of Pesos)</B></font></TD>
  </TR>

  <TR valign="bottom">

    </TR>



  <TR valign="bottom" align="center">
    <TD>&nbsp;  </TD>
    <td align=left>&nbsp; </td>
    <td align=left>&nbsp; </td>
    <TD style="TEXT-INDENT:1.000000px"> <font size="2"><B>FIXED</B></font> <font size="2"><B><br>
      PORTION</B></font></TD>
    <TD> <font size="2"><B>VARIABLE<br>
      </B></font><font size="2"><B>PORTION</B></font></TD>
    <TD>  <font size="2"><B>MEXICAN</B></font></TD>
    <TD> <font size="2"><B>FREE<br>
      </B></font><font size="2"><B>SUBSCRIPTION</B></font></TD>
    <TD> <font size="2"><B>FIXED </B></font></TD>
    <TD><font size="2"><b>VARIABLE</b></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=center> <font size="2">B</font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><font size="2">90,850,050</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:1.000000px">
      <div align="right"><font size="2">406,859,164</font></div>
    </TD>
    <TD align=left>
      <div align="right">&nbsp;<font size="2">0</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2"> 497,709,214</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><font size="2">441,786</font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">1,978,444</font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=center> <font size="2"><B>TOTAL</B></font></TD>
    <td align=left>&nbsp; </td>
    <td align=left>&nbsp; </td>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><font size="2"><B>90,850,050</B></font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:1.000000px">
      <div align="right"><font size="2"><B>406,859,164</B></font></div>
    </TD>
    <TD align=left>
      <div align="right"><font size="2"><b>0</b></font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2">497,709,214</font></div>
    </TD>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><font size="2"><B>441,786</B></font></div>
    </TD>
    <TD align=right>
      <div align="right"><font size="2"><B>1,978,444</B></font></div>
    </TD>
  </TR>

</TABLE>
<BR>
<TABLE border=1 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="2">



  <TR valign="bottom">

    <TD align=left colspan="2"> <B><FONT size=2>TOTAL NUMBER OF SHARES REPRESENTING THE PAID-IN CAPITAL STOCK ON THE DATE OF SENDING THE INFORMATION:</FONT></B> <FONT size=2>&nbsp;&nbsp;&nbsp;&nbsp;497,709,214</FONT></TD>
  </TR>

</TABLE>
<BR>
<HR noshade align="center" width="100%" size="5">
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<div title="EE+ Page Break" style="FONT-SIZE: 1pt; PAGE-BREAK-AFTER: always; WIDTH: 100%; HEIGHT: 1px"></div>
<!-- -->
<BR>
<P style="text-align: center;"> MEXICAN STOCK EXCHANGE<BR>
SIFIC / ICS</P>
<TABLE border=0 width=100% cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0">

  <TR>

    <TD width=40%></TD>
    <TD width=22%></TD>
    <TD width=12%></TD>
    <TD width=7%></TD>
    <TD width=17%></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2">STOCK EXCHANGE CODE:</font></TD>
    <TD align=left colspan="4">
      <div align="right"><font size="2"><B>SIMEC</B> QUARTER:</font> <font size="2">1</font> <font size="2">YEAR: <B>2011</B></font></div>
    </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left> <font size="2"><B>GRUPO SIMEC, S.A.B. DE C.V.</B></font></TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
  </TR>

  <TR valign="bottom">

    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left>&nbsp; </TD>
    <TD align=left style="TEXT-INDENT:2.000000px">
      <div align="right"><font size="2"><B>CONSOLIDATED</B></font></div>
    </TD>
  </TR>

</TABLE>

<P style="text-align: center;" align="center"> <B>DECLARATION OF THE COMPANY OFFICIALS RESPONSIBLE FOR THE INFORMATION CONTAINED IN THIS REPORT.</B></P>
<P style="text-align: left;"> LUIS GARCIA LIMON AND ADOLFO LUNA LUNA CERTIFY THAT BASED ON OUR KNOWLEDGE, THIS REPORT DOES NOT CONTAIN ANY UNTRUE STATEMENT OF A MATERIAL FACT OR OMIT TO STATE A MATERIAL FACT NECESSARY TO MAKE THE STATEMENTS MADE HEREIN, IN LIGHT OF THE CIRCUMSTANCES UNDER WHICH SUCH STATEMENTS WERE MADE, NOT MISLEADING WITH RESPECT TO THE PERIOD COVERED BY THIS FIRST QUARTER REPORT.</P>
<TABLE border=0 cellspacing=0 style="font-family: 'Arial';font-size: 10pt;" cellpadding="0" width=100%>

  <TR>

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

  <TR valign="bottom">

    <TD align=left width="50%"> <font size="2"><B>ING LUIS GARCIA LIMON</B></font></TD>
    <TD align=center width="50%"> <font size="2"><B>C.P. ADOLFO LUNA LUNA</B></font></TD>
  </TR>

  <TR valign="bottom">

    <TD align=left width="50%"> <font size="2"><B>CHIEF EXECUTIVE OFFICER</B></font></TD>
    <TD align=center width="50%"> <font size="2"><B>CHIEF FINANCIAL OFFICER</B></font></TD>
  </TR>

  <TR>

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

  <TR>

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

  <TR>

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

  <TR valign="bottom">

    <TD align=left style="TEXT-INDENT:17.000000px" colspan="2">
      <div align="center"><font size="2"><B>GUADALAJARA, JAL, AT MAY 03 OF 2011.</B></font> </div>
    </TD>
  </TR>

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