<SEC-DOCUMENT>0000891092-12-006177.txt : 20121026
<SEC-HEADER>0000891092-12-006177.hdr.sgml : 20121026
<ACCEPTANCE-DATETIME>20121026124501
ACCESSION NUMBER:		0000891092-12-006177
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20121025
FILED AS OF DATE:		20121026
DATE AS OF CHANGE:		20121026

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:		121163542

	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>e50429_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<P STYLE="margin: 0"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>COMMISSION FILE NUMBER 1-11176</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">For the month of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;September
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2012</U>.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 0.75pt solid">Group Simec,
Inc.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Translation of Registrant&rsquo;s Name Into
English)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 0.75pt solid">Av. Lazaro
Cardenas 601, Colonia la Nogalera, Guadalajara, Jalisco, Mexico 44440</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive office)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12pt">Form 20-F [X] Form 40-F [_]</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12pt; text-indent: 0.5in">Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
[_] No&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[X]</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12pt; text-indent: 0.5in">Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[_]
No&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[X]</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 12pt; text-indent: 0.5in">Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[_]
No&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [X]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(If &ldquo;Yes&rdquo; is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b): 82-___________.)</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">SIGNATURE</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline"><U>GRUPO SIMEC, S.A.B. de C.V.</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>(Registrant)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 9%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 26%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR>
    <TD NOWRAP STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">Date: October 25, 2012.</TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">&nbsp;By:</TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-decoration: underline"><U>/s/ Luis Garc&iacute;a Lim&oacute;n</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Name:&nbsp;&nbsp; Luis Garc&iacute;a Lim&oacute;n</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Title:&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        </P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
</TABLE>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 63%; padding-left: 5.4pt; font-weight: bold; text-align: justify"><B>PRESS RELEASE</B></TD>
    <TD STYLE="width: 37%; padding-left: 5.4pt; text-align: justify">Contact: Sergio Vigil Gonz&aacute;lez</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 5.4pt; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;Mario Moreno Cortez</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 5.4pt; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;Grupo Simec, S.A.B. de C.V.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Calzada L&aacute;zaro C&aacute;rdenas 601</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 5.4pt; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;44440 Guadalajara, Jalisco, M&eacute;xico</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 5.4pt; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;52 55 1165 1025</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-left: 5.4pt; text-align: justify">&nbsp;&nbsp;&nbsp;&nbsp;52 33 3770 6734</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt"><B>GRUPO SIMEC ANNOUNCES RESULTS
OF OPERATIONS FOR THE THIRD QUARTER, OF 2012, ENDED SEPTEMBER 30, 2012</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">GUADALAJARA, MEXICO, October 25,
2012- Grupo Simec, S.A.B. de C.V. (AMEX: SIM) (&ldquo;Simec&rdquo;) announced today its results of operations for the nine-month
period ended September 30, 2012.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B>Comparative
first nine months of 2012 vs. first nine months of 2011</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Net Sales</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Net sales of
the Company increased 9% from Ps. 21,434 million in the first nine months of 2011 to Ps. 23,418 million in the first nine months
of 2012. Shipments of finished steel products increased 1% from 1,731 thousand tons in the first nine months of 2011 to 1,742
thousand tons in the first nine months of 2012. Total sales outside of Mexico in the first nine months of 2012 decreased 1% to
Ps. 11,608 million compared to Ps. 11,696 million in the first nine months of 2011. Mexican sales increased 21% from Ps. 9,738
million in the first nine months of 2011 to Ps. 11,810 million in the first nine months of 2012. The increase in sales for the
first nine months of 2012 compared to the first nine months of 2011, is due to the combined of better average sales price of 9%
and increase in the volume of shipments approximately of 11 thousand tons that represent a 1%.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Cost of
Sales</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Cost of sales
increased 5% from Ps. 18,935 million in the first nine months of 2011, to Ps. 19,954 million in the first nine months of 2012.
Cost of sales as a percentage of net sales represented 85% in the first nine months of 2012 while in the first nine months of
2011 represented 88%. Cost of sales increase approximately 5% in the first nine months of 2012 compared to the first nine months
of 2011, due to the major volume shipment and increase in certain raw materials.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Gross
Profit</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Gross profit
of the Company for the first nine months of 2012 increased 39% from Ps. 2,499 million in the first nine months of 2011, to Ps.
3,464 million in the first nine months of 2012. Marginal profit as percentage of net sales in the first nine months of 2012 was
of 15% while in the first nine months of 2011 was of 12%. The gross profit between both periods is due for better in the average
sales price and major volume of shipments between both periods.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>General,
Selling and Administrative Expense</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Selling, general
and administrative expense increase 25%, from Ps. 694 million in the first nine months of 2011 to Ps. 866 million in the same
period 2012, selling, general and administrative expense represented 4% of the net sales of the first nine months of 2012 and
3% of net sales in the first nine months of 2011.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Other
Income (Expenses,) net </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">The Company
recorded other expense net for Ps. 5 million during the first nine months of 2012 while in the same period of 2011 the other income
net by this concept was of Ps. 22 million.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I></I></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Operating
Income</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Operating income
increased 42% from Ps. 1,827 million for the first nine months of 2011 compared to Ps. 2,593 million in the first nine months
of 2012. Operating income as percentage of net sales was 11% in the first nine months of 2012 compared to 9% in the same period
of 2011. The increase in operating income is due to an increase in revenues and increase in volume of finish good shipments.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Ebitda</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">The ebitda of
the first nine months of 2012, increase in Ps 679 million or 26% compared to first nine months of 2011, due to a better in the
average sales price and to a major volume shipments. The ebitda passed of Ps. 2,650 million of the first nine months of 2011 to
Ps. 3,329 million in the first<I> nine months</I> of 2012.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><I>&nbsp;</I></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B><I>Comprehensive
Financial Cost</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Comprehensive
financial cost for the first nine months of 2012 represented an expense of Ps. 214 million compared with of Ps. 324 million of
income for the first nine months of 2011. The comprehensive financial cost is comprised by the exchange loss of Ps.214 million
in the first nine months of 2012 compared with an exchange gain of Ps. 316 million in the first nine months of 2011. Also record
a net income interest of Ps. 0 million and Ps. 8 million in 2012 and 2011 respectively. As of September 30, 2012 the Mexican peso
record a revaluation of 8% versus dollar compared the exchange rate of Mexican peso to dollar as of December 31, 2011.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Income
Taxes</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">The Company
recorded an income of Ps. 35 million for the net income tax during the first nine months of 2012, (comprised for a deferred income
tax of Ps. 35 million) compared with an expense of Ps. 442 million for the first nine months of 2011 (comprised for a current
expense tax of Ps. 99 million and an expense for deferred expense tax of Ps. 343 million).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Net Income</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">As a result
of the foregoing, the Company record an increase in net income of 49% to pass of Ps. 1,578 million in the first nine months of
2011 to Ps. 2,353 million of the same period of 2012.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt; font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B>Comparative
third quarter of 2012 vs. second quarter of 2012</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Net Sales</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Net sales of
the Company decreased 12% in the third quarter of 2012 compared to the second quarter to pass of Ps. 8,150 million during the
second quarter of 2012 to Ps. 7,154 million in the third quarter of 2012. Shipments of finished steel products decreased 6% from
596 thousand tons in the second quarter of 2012 to 558 thousand tons in the third quarter of the same year. Total sales outside
of Mexico in the third quarter of 2012 decreased 23% to get to Ps. 3,188 million compared to Ps. 4,132 million of the second quarter
of the same year. Mexican sales decreased 1% from Ps. 4,018 million in the second quarter of 2012 to Ps. 3,965 million in the
third quarter of the same year. The average sales price decreased 6% in the third quarter of 2012 compared to the second quarter
of the same year.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Cost of
Sales</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Cost of sales
decreased 12% from Ps. 6,901 million in the second quarter of 2012 to Ps. 6,093 million in the third quarter of 2012. Cost of
sales as a percentage of net sales represented 85% as the second quarter of 2012 as the third quarter of the same year, the average
cost of sales by ton record a decrease between both quarters of 6% due to a price decrease in raw materials also a less volume
of domestic and foreign sales.&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I></I></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Gross
Profit</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Gross profit
of the Company for the third quarter of 2012 decreased 15% to pass of Ps. 1,249 million in the second quarter of 2012 to Ps. 1,061
million in the third quarter of same year. Gross profit as a percentage of net sales in both quarters of 2012 was of 15%. The
decreased in the gross profit in the third quarter of 2012 is caused by less volume of shipments in 38 thousand tons in the third
quarter compared to the second quarter of the same year.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>General,
Selling and Administrative Expense</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Selling, general
and administrative expense decrease 9%, of Ps. 288 million in the second quarter of 2012 and Ps. 262 million in the third quarter
of the same year, and as percentage of net sales represented 4% for both quarters.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Other
(Expenses) Income, net </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">The Company
recorded other income net for Ps. 3 million during the third quarter of 2012 compared to other expense net for Ps. 19 million
in the second quarter of 2012.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Operating
Income</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Operating income
decreased 15%, of Ps. 942 million in the second quarter of 2012 compared to Ps. 802 of the third quarter of the same year. Operating
income as percentage of net sales was 12% in the second quarter of 2012 and 11% in the third quarter of the same year. The decrease
in operating income is due principally to a less level of sales in the third quarter.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Ebitda</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">The ebitda in
the third quarter of 2012 show an decrease of 14% compared to the second quarter of the same year, this is due to previously mentioned.
The ebitda, of the third quarter was of Ps. 1,033 million versus Ps. 1,197 million in the second quarter of 2012.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B><I>Comprehensive
Financial Cost</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Comprehensive
financial cost of the Company in the third quarter of 2012 represented an expense of Ps. 187 million compared with an income of
Ps. 120 million for the second quarter of 2012. The comprehensive financial cost is comprised for: the net interest expense, of
Ps. 1 million in the third quarter of 2012, while that in the second quarter represented a net income interest net of Ps. 2 million.
Also we record a net exchange loss net of Ps. 186 million in the third quarter of 2012 compared a net exchange gain of Ps. 118
million in the second quarter of the same year.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Income
Taxes</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">The Company
have been recorded an expense of Ps. 14 million of expense tax during the third quarter of 2012, (comprised for a current income
tax of Ps. 15 million and an expense for deferred expense tax of Ps. 29 million) compared with the Ps. 19 million of income for
the second quarter of the same year, (comprised for a current expense tax of Ps. 14 million and of an income for deferred income
tax of Ps. 33 million).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Net Income</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">As a result
of the foregoing, the Company recorded a decrease of 45% from a net income of Ps. 1,048 million in the second quarter of 2012
compared to a net income of Ps. 576 million for the third quarter of 2012.</FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt; font-style: normal"><B>&nbsp;</B></FONT></P>

<P STYLE="font: italic bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt; font-style: normal"><B>Liquidity
and Capital Resources</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">As of September
30, 2012, Simec&rsquo;s total consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes (&ldquo;MTN's&rdquo;) due
1998, (accrued interest on September 30, 2011 was U.S. $515,000, or Ps. 6.6 million). As of December 31, 2011, Simec&rsquo;s total
consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes (&ldquo;MTN's&rdquo;) due 1998, (accrued interest on
December 31, 2011 was U.S. $473,000, or Ps. 6.6 million).</FONT></P>

<P STYLE="font: italic 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt; font-weight: normal; font-style: normal"></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B></B></FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B>Comparative
third quarter of 2012 vs. third quarter of 2011</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Net Sales</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Net sales of
the Company decreased 7% from Ps. 7,676 million during the third quarter of 2011 to Ps. 7,154 million in the third quarter of
2012. Sales in tons of finished steel decreased 6% from 592 thousand tons in the third quarter of 2011 compared with 558 thousand
tons in the third quarter of 2012. Sales outside of Mexico in the third quarter of 2012 decreased 23% from Ps. 4,120 million in
the third quarter of 2011 to Ps. 3,188 million in the third quarter of 2012. Mexican sales increase 12% from Ps. 3,556 million
in the third quarter of 2011 to Ps. 3,965 million in the third quarter of 2012. Average sales prices of finished products by ton
decreased 1% in the third quarter of 2012 compared to the third quarter of 2011.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0pt; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Cost
of Sales</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Cost of sales
decreased 11% in the third quarter of 2012 compared to the third quarter of 2011 from Ps. 6,813 million in the third quarter of
2011 to Ps. 6,093 million in the third quarter of 2012. With respect to sales, the cost of sales of the third quarter of 2012
represented 86% compared to 85% for the third quarter of 2011. The average cost of raw materials used to produce steel products
decreased 5% in the third quarter of 2012 versus the third quarter of 2011, due to decrease of raw materials, decrease in the
volume of shipments and special profiles (SBQ).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Gross
(Loss) Profit</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Gross profit
of the Company for the third quarter of 2012 amount to Ps. 1,061 million compared to Ps.863 million in the third quarter of 2011,
this represented an increase of 23% between both periods. Gross profit as a percentage of net sales for the third quarter of 2012
was 15% compared to 11% of the third quarter of 2011. The increase in gross profit is due mainly for a better average of steels
mix shipment of the third quarter of 2012 compared with the third quarter of 2011.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>General,
Selling and Administrative Expense</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">The selling,
general and administrative expense increased 9% in the third quarter of 2012 from Ps. 241 million in the third quarter of 2011
to Ps. 262 million in the third quarter of 2012. Selling, general and administrative expense as a percentage of net sales represented
4% during the third quarter of 2012 and 3% during the third quarter of 2011.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Other
Income (Expenses), net </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">The company
recorded other income net of Ps. 3 million in the third quarter of 2012 compared with other income net of Ps. 30 million for the
third quarter of 2011.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Operating
(Loss) Income</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Operating income
amounted to Ps. 802 million in the third quarter 2012 compared to Ps. 652 million in the third quarter of 2011, this represent
23% of increase between both quarters. The operating income as a percentage of net sales in the third quarter was 11% in the third
quarter of 2012 and 8% in the third quarter of 2011. The increase in the operating income is due to better average of steels mix
shipment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Ebitda</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">The ebitda of
the third quarter of 2012 increase compared to the same period of 2011 in 6% from Ps 971 million in the third quarter of 2011
to Ps. 1,033 million of the same period of 2012, this is due to the above explained in the operating income.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B><I></I></B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 12pt Times New Roman, Times, Serif"><B><I>Comprehensive
Financial Cost</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">Comprehensive
financial cost of the Company for the third quarter of 2012 represented a net expense of Ps. 187 million compared with an income
of Ps. 495 million for the third quarter of 2011. The comprehensive financial cost is comprised for; the net interest expense
of Ps. 1 million in the third quarter of 2012, compared to an net interest income of Ps. 3 million for the same period of 2011.
Also record an exchange loss of Ps. 186 million in the third quarter of 2012 and an exchange gain of Ps. 492 million in the third
quarter of 2011.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Income
Taxes</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">The company
recorded an for expense tax for Ps. 14 million in the third quarter of 2012, (comprised for a current income tax of Ps. 15 million
and an income for deferred expense tax of Ps. 29 million) compared to an expense of Ps. 468 million for income tax for the third
quarter of 2011, (comprised for an expense of current expense tax of Ps. 82 million and an expense for deferred expense tax of
Ps. 386 million).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B><I>Net Income
(Loss)</I></B></FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-size: 12pt">As a result of the foregoing, the Company net income was of Ps. 576 million
in the third quarter of 2012 compared to Ps. 660 million for the third quarter of 2011, an decrease of 13% between both quarters.</FONT></P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 90%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: navy">
    <TD NOWRAP STYLE="width: 48%; border: windowtext 1pt solid; color: white; font-weight: bold; text-align: center"><FONT STYLE="color: white"><B>(million of pesos)</B></FONT></TD>
    <TD NOWRAP STYLE="width: 14%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; color: white; font-weight: bold; text-align: center"><FONT STYLE="color: white"><B>9M &lsquo;12</B></FONT></TD>
    <TD NOWRAP STYLE="width: 4%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 18%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; color: white; font-weight: bold; text-align: center"><FONT STYLE="color: white"><B>9M &lsquo;11</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; color: white; font-weight: bold; text-align: center"><FONT STYLE="color: white"><B>Year 12 vs <BR>
'11</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Sales</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">23,418</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">21,434</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">9%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Cost of Sales</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">19,954</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">18,935</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">5%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Gross Profit</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">3,464</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">2,499</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">39%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Selling, General and Administrative Expense</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">866</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">694</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">25%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Other Income (Expenses), net</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">(5)</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">22</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">(123%)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Operating Profit</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,593</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">1,827</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">42%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">EBITDA</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">3,329</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">2,650</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">26%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Net income </TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,353</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">1,578</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">49%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Sales Outside Mexico</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">11,608</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">11,696</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">(1%)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Sales in Mexico</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">11,810</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">9,738</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">21%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Total Sales (Tons)</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,742</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">1,731</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">1%</TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 38%; border: windowtext 1pt solid; font-weight: bold"><B>Quarter</B></TD>
    <TD NOWRAP STYLE="width: 13%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 12%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 12%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 13%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-style: italic; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 12%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-style: italic; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: navy">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; color: white; font-weight: bold; text-align: center"><FONT STYLE="color: white"><B>(million of pesos)</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; color: white; font-weight: bold; text-align: center"><FONT STYLE="color: white"><B>3Q&lsquo;12</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; color: white; font-weight: bold; text-align: center"><FONT STYLE="color: white"><B>2Q &lsquo;12</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; color: white; font-weight: bold; text-align: center"><FONT STYLE="color: white"><B>3Q &lsquo;11</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; color: white; font-weight: bold; text-align: center"><FONT STYLE="color: white"><B>3Q&acute;12vs <BR>
2Q&acute;12</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; color: white; font-weight: bold; text-align: center"><FONT STYLE="color: white"><B>3Q&acute;12 vs <BR>
3Q '11</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Sales</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">7,154</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">8,150</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">7,676</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(12%)</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(7%)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Cost of Sales</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">6,093</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">6,901</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">6,813</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(12%)</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(11%)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Gross Profit</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,061</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,249</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">863</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(15%)</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">23%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Selling, General and Adm. Expenses</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">262</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">288</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">241</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(9%)</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">9%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Other Income (Expenses), net</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">3</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">(19)</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">30</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(116%)</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(90%)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Operating Profit</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">802</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">942</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">652</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(15%)</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">23%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">EBITDA</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,033</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,197</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">971</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(14%)</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">6%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Net Income</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">576</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,048</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">660</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(45%)</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(13%)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Sales Outside Mexico</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">3,188</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">4,132</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">4,120</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(23%)</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(23%)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Sales in Mexico</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">3,965</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">4,018</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">3,556</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(1%)</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">12%</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">Total Sales (Tons)</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">558</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">596</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">592</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(6%)</TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">(6%)</TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 7 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 21%; border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Product
    </B></FONT></TD>
    <TD STYLE="width: 11%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Thousand&nbsp;of
                                                                                                                                                                                 Tons
                                                                                                                                                                                 </B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Jan-Sep
2012</B></FONT></P></TD>
    <TD STYLE="width: 9%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Million&nbsp;of Pesos <BR>
Jan-Sep 2012</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Average
                                                                                                                                                                                Price&nbsp;per
                                                                                                                                                                                Ton
                                                                                                                                                                                </B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Jan-Sep</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>2012</B></FONT></P></TD>
    <TD STYLE="width: 9%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Thousand
                                                                                                                                                                                of
                                                                                                                                                                                Tons
                                                                                                                                                                                </B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Jan&nbsp;&ndash;&nbsp;Sep
2011</B></FONT></P></TD>
    <TD STYLE="width: 8%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Million&nbsp;of Pesos <BR>
Jan- Sep 2011</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Average
Price&nbsp;per<BR>
Ton <BR>
Jan-Sep</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>2011</B></FONT></P></TD>
    <TD STYLE="width: 8%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 7%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold"><B>Commercial Profiles</B></TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">755</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">8,482</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">11,234</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">669</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">6,786</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">10,143</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold"><B>Special Profiles</B></TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">987</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">14,936</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">15,133</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">1,062</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">14,648</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">13,793</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold"><B>Total </B></TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">1,742</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">23,418</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">13,443</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">1,731</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">21,434</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">12,382</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Product
    </B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Thousand&nbsp;<BR>
of
                                                                                                                                                                                 Tons
                                                                                                                                                                                 </B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Jul-<BR>
Sep&nbsp;2012</B></FONT></P></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Million&nbsp;<BR>
of Pesos <BR>
Jul-Sep 2012</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Average
                                                                                                                                                                                Price&nbsp;per
                                                                                                                                                                                Ton
                                                                                                                                                                                </B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Jul-Sep
2012</B></FONT></P></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Thousand
                                                                                                                                                                                of
                                                                                                                                                                                Tons
                                                                                                                                                                                </B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Apr-Jun</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>2012</B></FONT></P></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Million&nbsp;<BR>
of
                                                                                                                                                                                Pesos
                                                                                                                                                                                <BR>
Apr-Jun</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>2012</B></FONT></P></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Average
                                                                                                                                                                                Price&nbsp;per
                                                                                                                                                                                Ton
                                                                                                                                                                                </B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Apr-Jun</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>2012</B></FONT></P></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Thousand
                                                                                                                                                                                of
                                                                                                                                                                                Tons
                                                                                                                                                                                <BR>
Jul-Sep</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>2011
        </B></FONT></P></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Million&nbsp;<BR>
of Pesos <BR>
Jul-Sep 2011</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Average
                                                                                                                                                                                Price&nbsp;per
                                                                                                                                                                                Ton
                                                                                                                                                                                <BR>
Jul-Sep</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>2011</B></FONT></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold"><B>Commercial Profiles</B></TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">254</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">2,819</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">11,098</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">247</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">2,717</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">11,000</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">248</P></TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">2,638</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">10,637</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold"><B>Special Profiles</B></TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">304</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">4,335</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">14,260</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">349</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">5,433</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">15,567</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">344</P></TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">5,038</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">14,645</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold"><B>Total </B></TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">558</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">7,154</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">12,821</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">596</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">8,150</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">13,674</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">592</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">7,676</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: right">12,966</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; font-weight: bold">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD>
    <TD NOWRAP STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

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

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

<P STYLE="margin: 0"><FONT STYLE="font-size: 12pt"><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<FONT STYLE="font-family: Times New Roman, Times, Serif">
contained herein.</FONT></I></FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I>&nbsp;</I></FONT></P>

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<P STYLE="margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><I></I></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid; border-left: black 1pt solid; padding-left: 6pt; font-weight: bold; text-align: center; width: 55%">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; width: 15%">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; width: 15%">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center; width: 15%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-right: black 1pt solid; border-left: black 1pt solid; padding-left: 6pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 12pt"><B>BOLSA
    MEXICANA DE VALORES, S.A.B. DE C.V.</B></FONT><B>&nbsp;</B></TD></TR>

<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 6pt; font-weight: bold"><B>CLAVE DE COTIZACION: SIMEC&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>QUARTER: 3</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>YEAR 2012</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-right: black 1pt solid; border-left: black 1pt solid; padding-left: 6pt; font-weight: bold; text-align: center"><B>&nbsp;<FONT STYLE="font-size: 12pt">STATEMENTS
    OF FINANCIAL POSITION</FONT></B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 6pt; font-weight: bold"><B>GRUPO SIMEC, S.A.B. DE C.V&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 6pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 6pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CONSOLIDADO</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; padding-left: 6pt; font-weight: bold; text-align: center"><B>(THOUSAND PESOS)</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 6pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>ENDING <BR>
CURRENT <BR>
QUARTER</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>ENDING <BR>
PREVIOUS <BR>
YEAR</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>BEGINNING <BR>
PREVIOUS <BR>
YEAR&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 6pt; font-weight: bold; text-align: center"><B>ACCOUNT</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>Amount</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>Amount</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>Amount</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold; text-align: justify"><B>TOTAL ASSETS</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>32,471,359</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>31,015,761</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>27,193,132</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; padding-left: 6pt; font-weight: bold; text-align: justify"><B>TOTAL CURRENT ASSETS</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>18,121,530</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>16,209,931</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>12,197,692</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">CASH AND CASH EQUIVALENTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">7,792,737</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">6,537,088</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">3,384,917</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">SHORT-TERM INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; AVAILABLE-FOR-SALE INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; TRADING INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; HELD-TO-MATURITY INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">TRADE RECEIVABLES, NET</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">2,853,486</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">3,031,679</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">2,465,208</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; TRADE RECEIVABLES&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">3,118,184</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">3,296,377</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">2,702,587</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; ALLOWANCE FOR DOUBTFUL ACCOUNTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">-264,698</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">-264,698</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">-237,379</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">OTHER RECEIVABLES, NET</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">696,124</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">677,989</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">857,485</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; OTHER RECEIVABLES&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">696,124</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">677,989</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">857,485</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; ALLOWANCE FOR DOUBTFUL ACCOUNTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">INVENTORIES</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">6,463,666</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">5,769,190</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">5,227,374</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">BIOLOGICAL CURRENT ASSETS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">OTHER CURRENT ASSETS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">315,517</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">193,985</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">262,708</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; PREPAYMENTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; ASSETS AVAILABLE FOR SALE</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; DISCONTINUED OPERATIONS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; RIGHTS AND LICENSES</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; OTHER</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">315,517</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">193,985</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">262,708</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold; text-align: justify"><B>TOTAL NON-CURRENT ASSETS</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>14,349,829</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>14,805,830</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>14,995,440</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">ACCOUNTS RECEIVABLE, NET</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; INVESTMENTS IN ASSOCIATES AND JOINT VENTURES</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; HELD-TO-MATURITY INVESTMENTS&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; AVAILABLE-FOR-SALE INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; OTHER INVESTMENTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">PROPERTY, PLANT AND EQUIPMENT, NET</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">9,165,921</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">9,212,787</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">9,288,331</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; LAND AND BUILDINGS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">4,120,641</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">4,171,787</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">3,800,468</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; MACHINERY AND INDUSTRIAL EQUIPMENT</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">14,272,298</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">13,935,986</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">13,111,559</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; OTHER EQUIPMENT</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">287,734</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">267,596</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">233,810</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; ACCUMULATED DEPRECIATION</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">-9,722,607</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">-9,240,737</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">-8,344,941</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; CONSTRUCTION IN PROGRESS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">207,855</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">78,155</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">487,435</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">INVESTMENT PROPERTY</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">BIOLOGICAL NON- CURRENT ASSETS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">INTANGIBLE ASSETS, NET</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">3,526,274</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">3,801,003</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">4,101,141</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; GOODWILL</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">1,814,160</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">1,814,160</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">1,814,160</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; TRADEMARKS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">398,827</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">404,952</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">396,089</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; RIGHTS AND LICENSES</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">32,495</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">81,981</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">179,376</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; CONCESSIONS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; OTHER INTANGIBLE ASSETS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">1,280,792</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">1,499,910</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">1,711,516</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">DEFERRED TAX ASSETS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">OTHER NON-CURRENT ASSETS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">1,657,634</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">1,792,040</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">1,605,968</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; PREPAYMENTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; EMPLOYEE BENEFITS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; AVAILABLE FOR SALE ASSETS&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; DISCONTINUED OPERATIONS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; DEFERRED CHARGES</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; OTHER</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">1,657,634</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">1,792,040</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">1,605,968</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold; text-align: justify"><B>TOTAL LIABILITIES</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>6,818,946</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>6,895,108</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>6,653,768</B></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold; text-align: justify; width: 55%"></TD></TR></TABLE>

<!-- Field: Page; Sequence: 9 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR><TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold; text-align: justify; width: 55%"><B>TOTAL CURRENT LIABILITIES</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right; width: 15%"><B>3,802,091</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right; width: 15%"><B>3,822,757</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right; width: 15%"><B>3,898,606</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">BANK LOANS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">STOCK MARKET LOANS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">3,881</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">4,225</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">3,732</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">OTHER LIABILITIES WITH COST</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">651,029</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">707,453</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">602,168</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">TRADE PAYABLES</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">2,439,644</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">2,294,701</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">2,162,801</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">TAXES PAYABLE</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">220,215</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">246,247</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">434,220</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; INCOME TAX PAYABLE</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; OTHER TAXES PAYABLE</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">220,215</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">246,247</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">434,220</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">OTHER CURRENT LIABILITIES&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">487,322</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">570,131</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">695,685</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; INTEREST PAYABLE</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">6,340</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">6,615</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">5,503</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">2,058</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">35,456</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">79,708</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; DEFERRED REVENUE&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; EMPLOYEE BENEFITS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; PROVISIONS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 6pt">&nbsp;&nbsp; CURRENT LIABILITIES RELATED TO AVAILABLE FOR SALE ASSETS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; DISCONTINUED OPERATIONS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; OTHER</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">478,924</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">528,060</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">610,474</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold; text-align: justify"><B>TOTAL NON-CURRENT LIABILITIES</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>3,016,855</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>3,072,351</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>2,755,162</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">BANK LOANS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">STOCK MARKET LOANS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">OTHER LIABILITIES WITH COST</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">DEFERRED TAX LIABILITIES</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">2,906,918</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">2,956,839</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">2,641,506</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">OTHER NON-CURRENT LIABILITIES</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">109,937</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">115,512</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">113,656</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; DEFERRED REVENUE&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; EMPLOYEE BENEFITS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; text-align: right">70,661</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; text-align: right">67,325</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: right">62,653</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; PROVISIONS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 20pt; text-indent: -18">&nbsp;&nbsp; NON-CURRENT LIABILITIES RELATED TO AVAILABLE FOR SALE ASSETS&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; DISCONTINUED OPERATIONS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; OTHER</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">39,276</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">48,187</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">51,003</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; font-weight: bold; text-align: justify"><B>TOTAL EQUITY</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>25,652,413</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; font-weight: bold; text-align: right"><B>24,120,653</B></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: right"><B>20,539,364</B></TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">EQUITY ATTRIBUTABLE TO OWNERS OF PARENT</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">23,586,150</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">21,944,795</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">18,695,281</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">CAPITAL STOCK</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">2,832,268</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">2,832,268</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,832,268</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">SHARES REPURCHASED</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">PREMIUM ON ISSUANCE OF SHARES</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">4,153,850</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">4,153,850</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">4,153,850</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">OTHER CONTRIBUTED CAPITAL&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">RETAINED EARNINGS (ACCUMULATED LOSSES)</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">16,918,078</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">14,564,788</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">11,772,512</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; LEGAL RESERVE</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; OTHER RESERVES</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">200,612</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">200,612</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">200,612</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; RETAINED EARNINGS&nbsp;&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">14,364,176</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">11,571,900</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">11,571,900</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; NET INCOME FOR THE PERIOD</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">2,353,290</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">2,792,276</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; OTHER</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">ACCUMULATED OTHER COMPREHENSIVE INCOME (NET OF TAX)</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">-318,046</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">393,889</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-63,349</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; GAIN ON&nbsp; REVALUATION OF PROPERTIES</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; ACTUARIAL GAINS&nbsp; (LOSSES) FROM LABOR OBLIGATIONS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; FOREING CURRENCY TRANSLATION</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">-316,605</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">419,334</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 20pt; text-indent: -18; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;&nbsp; CHANGES IN THE VALUATION OF FINANCIAL ASSETS AVAILABLE FOR SALE</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 20pt; text-indent: -18; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;&nbsp; CHANGES IN THE VALUATION OF DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">-1,441</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">-25,445</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-63,349</TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 20pt; text-indent: -18; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;&nbsp; CHANGES IN FAIR VALUE OF OTHER ASSETS</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-left: Black 1pt solid; padding-left: 20pt; text-indent: -18; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;&nbsp; SHARE OF OTHER COMPREHENSIVE INCOME&nbsp; OF ASSOCIATES AND JOINT VENTURES</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; OTHER COMPREHENSIVE INCOME</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; vertical-align: top; padding-left: 6pt">NON-CONTROLLING INTERESTS</TD>
    <TD STYLE="border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right; border-right: Black 1pt solid">2,066,263</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; vertical-align: bottom; text-align: right">2,175,858</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,844,083</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 6pt">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P></TD>
    <TD STYLE="text-align: right">0</TD>
    <TD STYLE="text-align: right">0</TD>
    <TD STYLE="text-align: right">0</TD></TR>
</TABLE>


<P STYLE="margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; border-bottom: black 1pt solid; background-color: #FFFF99; padding-left: 6pt; font-weight: bold; text-align: center"><B>Informational
    data (not a part of the STATEMENTS OF FINANCIAL POSITION)</B></TD>
    <TD STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: #FFFF99; font-weight: bold; text-align: center">ENDING CURRENT QUARTER</TD>
    <TD STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: #FFFF99; font-weight: bold; text-align: center">ENDING PREVIOUS YEAR</TD>
    <TD STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: #FFFF99; font-weight: bold; text-align: center">BEGINNING PREVIOUS YEAR&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; border-right: windowtext 1pt solid; background-color: #FFFF99; font-weight: bold; text-align: center">Amount</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; border-right: windowtext 1pt solid; background-color: #FFFF99; font-weight: bold; text-align: center">Amount</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; border-right: windowtext 1pt solid; background-color: #FFFF99; font-weight: bold; text-align: center">Amount</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-left: 6pt; text-align: justify">SHORT-TERM FOREIGN CURRENCY LIABILITIES</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">2,888,353</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">3,005,735</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,776,601</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-left: 6pt; text-align: justify">LONG<FONT STYLE="color: red">-</FONT>TERM FOREIGN CURRENCY LIABILITIES</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">39,276</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">48,188</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">51,010</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-left: 6pt; text-align: justify">CAPITAL STOCK (NOMINAL)</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">2,420,230</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,420,230</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,420,230</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-left: 6pt; text-align: justify">RESTATEMENT OF CAPITAL STOCK</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">412,038</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">412,038</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">412,038</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-left: 6pt; text-align: left">PLAN ASSETS FOR PENSIONS AND SENIORITY PREMIUMS</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-left: 6pt; text-align: justify">NUMBER OF EXECUTIVES<FONT STYLE="color: red"> (+) </FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">54</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">54</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">54</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-left: 6pt; text-align: justify">NUMBER OF EMPLOYEES <FONT STYLE="color: red">(+)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">1,608</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,519</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,443</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-left: 6pt; text-align: justify">NUMBER OF WORKERS <FONT STYLE="color: red">(+)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">3,237</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">3,113</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,864</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-left: 6pt; text-align: justify">OUTSTANDING SHARES <FONT STYLE="color: red">(+)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">497,709,214</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">497,709,214</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">497,709,214</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-left: 6pt; text-align: justify">REPURCHASED SHARES<FONT STYLE="color: red"> (+)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-left: 6pt; text-align: justify">RESTRICTED CASH<FONT STYLE="color: red"> (1)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; padding-left: 6pt; text-align: left">GUARANTEED DEBT OF ASSOCIATED COMPANIES</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">651,029</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">707,453</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">602,168</TD></TR>
</TABLE>


<P STYLE="margin: 0"></P>



<P STYLE="margin: 0"></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(1)</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">This
                                                                                                                                           concept
                                                                                                                                           must
                                                                                                                                           be
                                                                                                                                           filled
                                                                                                                                           when
                                                                                                                                           there
                                                                                                                                           are
                                                                                                                                           guarantees
                                                                                                                                           or
                                                                                                                                           restrictions
                                                                                                                                           that
                                                                                                                                           affect
                                                                                                                                           cash
                                                                                                                                           and
                                                                                                                                           cash
                                                                                                                                           equivalents</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 22pt; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(*)</FONT></TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Data
                                                                                                            in units</FONT></TD>
</TR></TABLE>

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; font-weight: bold; text-align: center"><B>BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; padding-left: 6pt">CLAVE DE COTIZACION: <B>SIMEC</B></TD>
    <TD STYLE="width: 112px">&nbsp;</TD>
    <TD STYLE="width: 93px; font-weight: bold"><B>QUARTER: 3</B></TD>
    <TD STYLE="width: 115px; font-weight: bold; text-align: center"><B>YEAR 2012</B></TD>
    <TD STYLE="width: 83px; border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: black 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>STATEMENTS OF COMPREHENSIVE INCOME</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>GRUPO SIMEC, S.A.B. DE C.V</B></TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold"><B>CONSOLIDADO</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; padding-left: 6pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-left: 6pt; font-weight: bold; text-align: center"><B>(THOUSAND PESOS)</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="background-color: #FFFF99">
    <TD ROWSPAN="2" STYLE="border-left: windowtext 1pt solid; border-bottom: black 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold; text-align: center"><B>ACCOUNT</B></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CURRENT YEAR</B></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>PREVIOUS YEAR</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>ACCUMULATED</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>QUARTER</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>ACCUMULATED</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>QUARTER</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">REVENUE</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">23,418,238</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">7,153,782</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">21,434,151</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">7,675,967</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; SERVICES</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; SALE OF GOODS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">23,418,238</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">7,153,782</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">21,434,151</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">7,675,967</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; INTERESTS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; ROYALTIES</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; DIVIDENDS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; LEASES</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; CONSTRUCTIONS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; OTHER REVENUE</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">COST OF SALES</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">19,953,726</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">6,093,464</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">18,934,608</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">6,812,996</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>GROSS PROFIT</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">3,464,512</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,060,318</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,499,543</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">862,971</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">GENERAL EXPENSES</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">865,846</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">261,491</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">694,020</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">240,690</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>PROFIT (LOSS) BEFORE OTHER INCOME (EXPENSE), NET</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,598,666</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">798,827</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,805,523</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">622,281</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">OTHER INCOME (EXPENSE), NET</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-5,274</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,704</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">21,737</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">30,045</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>OPERATING PROFIT (LOSS) (*)</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,593,392</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">801,531</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,827,260</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">652,326</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; FINANCE INCOME</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">18,287</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">5,143</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">333,276</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">499,402</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; INTEREST INCOME</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">18,287</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">5,143</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">16,977</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">7,057</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; GAIN ON FOREIGN EXCHANGE, NET</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">316,299</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">492,345</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; GAIN ON DERIVATIVES, NET</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 19pt; text-indent: -18; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;&nbsp; GAIN ON CHANGE IN FAIR VALUE OF FINANCIAL INSTRUMENTS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; OTHER FINANCE INCOME</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; FINANCE COSTS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">232,225</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">192,318</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">9,752</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">4,343</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; INTEREST EXPENSE</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">17,749</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">5,687</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">9,752</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">4,343</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; LOSS ON FOREIGN EXCHANGE, NET</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">214,476</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">186,631</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; LOSS ON DERIVATIVES, NET</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 19pt; text-indent: -18; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;&nbsp; LOSS ON CHANGE IN FAIR VALUE OF FINANCIAL INSTRUMENTS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; OTHER FINANCE COSTS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>FINANCE INCOME (COSTS), NET</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-213,938</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-187,175</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">323,524</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">495,059</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">SHARE OF PROFIT (LOSS) OF ASSOCIATES AND JOINT VENTURES</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>PROFIT (LOSS) BEFORE INCOME TAX</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,379,454</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">614,356</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,150,784</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,147,385</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">INCOME TAX EXPENSE</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-34,871</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">13,897</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">441,811</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">467,709</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; CURRENT TAX</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">484</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-15,251</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">98,407</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">81,695</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; DEFERRED TAX</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-35,355</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">29,148</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">343,404</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">386,014</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>PROFIT (LOSS) FROM CONTINUING OPERATIONS</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,414,325</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">600,459</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,708,973</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">679,676</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">PROFIT (LOSS) FROM DISCONTINUED OPERATIONS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>NET PROFIT (LOSS)</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,414,325</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">600,459</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,708,973</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">679,676</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 19pt; text-indent: -18; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;&nbsp; PROFIT (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">61,035</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">24,292</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">131,171</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">19,203</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; PROFIT (LOSS) ATTRIBUTABLE TO OWNERS OF PARENT</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,353,290</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">576,167</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,577,802</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">660,473</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 6pt; border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; padding-left: 6pt">BASIC EARNINGS (LOSS) PER SHARE</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">DILUTED EARNINGS (LOSS) PER SHARE</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
</TABLE>


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



<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 12 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-bottom: 6pt; border-bottom: Black 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 50%">&nbsp;</TD><TD STYLE="text-align: right; width: 50%"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->
<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: black 1pt solid; border-right: black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 12pt"><B>OTHER
    COMPREHENSIVE INCOME</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>(NET OF INCOME TAX)</B></TD>
    <TD STYLE="font-weight: bold; width: 10%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 10%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 10%">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; width: 10%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>NET PROFIT (LOSS)</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,414,325</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">600,459</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,708,973</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">679,676</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>DISCLOSURES NOT BE RECLASSIFIED ON INCOME</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">PROPERTY REVALUATION GAINS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; ACTUARIAL EARNINGS (LOSS) FROM LABOR OBLIGATIONS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: left">SHARE OF INCOME ON REVALUATION ON PROPERTIES OF ASSOCIATES AND JOINT VENTURES</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>DISCLOSURES MAY BE RECLASSIFIED SUBSEQUENTLY TO INCOME</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; FOREING CURRENCY TRANSLATION</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; CHANGES IN THE VALUATION OF FINANCIAL ASSETS HELD-FOR-SALE</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; CHANGES IN THE VALUATION OF DERIVATIVE FINANCIAL INSTRUMENTS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; CHANGES IN FAIR VALUE OF OTHER ASSETS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">SHARE OF OTHER COMPREHENSIVE INCOME&nbsp; OF ASSOCIATES AND JOINT VENTURES</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">&nbsp;&nbsp; OTHER COMPREHENSIVE INCOME</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>TOTAL OTHER COMPREHENSIVE INCOME</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 6pt; font-weight: bold">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; padding-left: 6pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>TOTAL COMPREHENSIVE INCOME&nbsp;</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,414,325</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">600,459</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,708,973</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">679,676</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 19pt; text-indent: -18; border-bottom: Black 1pt solid; border-right: Black 1pt solid">&nbsp;&nbsp; COMPREHENSIVE INCOME, ATTRIBUTABLE TO NON-CONTROLLING INTERESTS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">61,035</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">24,292</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">131,171</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">19,203</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt">&nbsp;&nbsp; COMPREHENSIVE INCOME, ATTRIBUTABLE TO OWNERS OF PARENT</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,353,290</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">576,167</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,577,802</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">660,473</TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #FFFF99">
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; border-bottom: black 1pt solid; padding-left: 6pt; font-weight: bold; text-align: center"><B>Informational data (not part of the statement)</B></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CURRENT YEAR</B></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>PREVIOUS YEAR</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>ACCUMULATED</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>QUARTER</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>ACCUMULATED</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>QUARTER</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; padding-left: 6pt">OPERATING DEPRECIATION AND AMORTIZATION</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">735,231</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">231,477</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">822,723</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">319,540</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; padding-left: 6pt">EMPLOYEE PROFIT SHARING EXPENSE</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 6pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 6pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; border-bottom: black 1pt solid; background-color: #FFFF99; padding-left: 6pt; font-weight: bold; text-align: center"><B>Informative data (12 Months)</B></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; background-color: #FFFF99; font-weight: bold; text-align: center"><B>YEAR</B></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #FFFF99; font-weight: bold; text-align: center"><B>CURRENT</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #FFFF99; font-weight: bold; text-align: center"><B>PREVIOUS</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; padding-left: 6pt">REVENUE NET (**)</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">31,254,585</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">27,069,020</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; padding-left: 6pt">OPERATING PROFIT (LOSS) (**)</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">3,152,612</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,735,724</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; padding-left: 6pt">PROFIT (LOSS) ATTRIBUTABLE TO OWNERS OF PARENT(**)</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">19,668</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">7,619</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; padding-left: 6pt">NET PROFIT (LOSS) (**)</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">3,587,432</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,435,641</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; padding-left: 6pt">OPERATING DEPRECIATION AND AMORTIZATION (**)</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,005,154</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,163,580</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(*) TO BE
DEFINED BY EACH COMPANY</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(**) INFORMATION
FOR THE LAST 12 MONTHS</FONT></P>

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

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="3" STYLE="border-left: Black 1pt solid; border-right: Black 1pt solid; font-weight: bold; text-align: center; border-top: Black 1pt solid"><FONT STYLE="font-size: 12pt"><B>BOLSA
    MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white"><FONT STYLE="font-size: 12pt">CLAVE DE COTIZACION:
    <B>SIMEC</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>YEAR 2012</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>QUARTER: 3</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-left: black 1pt solid; border-right: black 1pt solid; font-weight: bold"><FONT STYLE="font-size: 12pt"><B>GRUPO
    SIMEC, S.A.B. DE C.V</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-left: black 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 12pt"><B>STATEMENTS
    OF CASH FLOWS</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; padding-left: 6pt; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold"><B>CONSOLIDADO</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-left: 6pt; font-weight: bold; text-align: center"><B>(THOUSAND PESOS)</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD></TR>
<TR STYLE="background-color: #FFFF99">
    <TD ROWSPAN="2" STYLE="border-left: windowtext 1pt solid; border-bottom: black 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-weight: bold; text-align: center"><B>CONCEPTS</B></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CURRENT YEAR</B></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>PREVIOUS YEAR</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>Amount</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>Amount</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D8D8D8">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>OPERATING ACTIVITIES</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>PROFIT (LOSS) BEFORE INCOME TAX</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,379,454</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,150,784</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+(-) ITEMS NOT REQUIRING CASH</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+ ESTIMATE FOR THE PERIOD</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+ PROVISION FOR THE PERIOD</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+(-) OTHER UNREALISED ITEMS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+(-) ITEMS RELATED TO INVESTING ACTIVITIES</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">716,944</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">804,869</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">DEPRECIATION AND AMORTISATION FOR THE PERIOD</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">735,231</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">822,723</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-)+ GAIN OR LOSS ON SALE OF PROPERTY, PLANT AND EQUIPMENT</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+(-) LOSS (REVERSAL) IMPAIRMENT</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-)+ EQUITY IN RESULTS OF ASSOCIATES AND JOINT VENTURES</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-) DIVIDENDS RECEIVED</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-) INTEREST RECEIVED</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-18,287</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-16,977</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-) EXCHANGE FLUCTUATION</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-877</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+(-) ITEMS RELATED TO FINANCING ACTIVITIES</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">17,749</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">9,752</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(+) ACCRUED INTEREST</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">17,749</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">9,752</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(+) EXCHANGE FLUCTUATION</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(+) DERIVATIVE TRANSACTIONS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; font-style: italic; font-weight: bold; text-align: justify"><B><I>CASH FLOWS BEFORE INCOME TAX</I></B></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">3,114,147</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,965,405</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: windowtext 1pt solid; padding-left: 6pt">CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-1,119,958</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-680,253</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+(-) DECREASE (INCREASE) IN TRADE ACCOUNTS RECEIVABLE</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">78,816</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-1,061,679</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+(-) DECREASE (INCREASE) IN INVENTORIES</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-1,022,398</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">77,530</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+(-) DECREASE (INCREASE) IN OTHER ACCOUNTS RECEIVABLE</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-129,000</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">198,699</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+(-) INCREASE (DECREASE) IN TRADE ACCOUNTS PAYABLE</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">273,104</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">340,774</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+(-) INCREASE (DECREASE) IN OTHER LIABILITIES</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-320,480</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-235,577</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+(-) INCOME TAXES PAID OR RETURNED</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: windowtext 1pt solid; padding-left: 6pt; font-style: italic; font-weight: bold"><B><I>NET CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES</I></B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,994,189</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,285,152</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D8D8D8">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>INVESTING ACTIVITIES</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">NET CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-717,655</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-317,398</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-) PERMANENT INVESTMENTS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+ DISPOSITION OF PERMANENT INVESTMENTS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-) INVESTMENT IN PROPERTY, PLANT AND EQUIPMENT</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-735,942</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-334,375</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+ SALE OF PROPERTY, PLANT AND EQUIPMENT</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-) TEMPORARY INVESTMENTS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+ DISPOSITION OF TEMPORARY INVESTMENTS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-) INVESTMENT IN INTANGIBLE ASSETS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+ DISPOSITION OF INTANGIBLE ASSETS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-)
    ACQUISITIONS OF <FONT STYLE="font-size: 11pt; color: red">VENTURES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+
    DISPOSITIONS OF <FONT STYLE="font-size: 11pt; color: red">VENTURES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+ DIVIDEND RECEIVED</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+ INTEREST RECEIVED</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">18,287</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">16,977</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+(-) DECREASE (INCREASE) ADVANCES AND LOANS TO THIRD PARTS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D8D8D8">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; font-weight: bold"><B>FINANCING ACTIVITIES</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-17,749</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-9,752</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+ BANK FINANCING</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+ STOCK MARKET FINANCING</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+ OTHER FINANCING</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-) BANK FINANCING AMORTISATION</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-) STOCK MARKET FINANCING AMORTISATION</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-) OTHER FINANCING AMORTISATION</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+(-) INCREASE (DECREASE) IN CAPITAL STOCK</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-) DIVIDENDS PAID</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+ PREMIUM ON ISSUANCE OF SHARES</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">+ CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-) INTEREST EXPENSE</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-17,749</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-9,752</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-) REPURCHASE OF SHARES</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify">(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; font-style: italic; font-weight: bold"><B><I>NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</I></B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,258,785</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">1,958,002</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; font-style: italic; font-weight: bold"><B><I>EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS</I></B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-3,136</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,085</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt">CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">6,537,088</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">3,384,912</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; font-style: italic; font-weight: bold"><B><I>CASH AND CASH EQUIVALENTS AT END OF PERIOD</I></B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">7,792,737</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">5,344,999</TD></TR>
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    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>QUARTER: 3</B></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>YEAR 2012</B></TD></TR>
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    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.<BR>
STATEMENTS OF CHANGES IN EQUITY&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center">CLAVE DE COTIZACION: <FONT STYLE="font-size: 12pt"><B>SIMEC</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><B>GRUPO SIMEC, S.A.B. DE C.V</B></TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; color: #003366">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>(THOUSAND PESOS)</B></TD></TR>
<TR STYLE="background-color: #FFFF99">
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: black 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CONCEPTS</B></TD>
    <TD STYLE="border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>CAPITAL STOCK</B></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: black 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>SHARES REPURCHASED</B></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>PREMIUM ON ISSUANCE OF SHARES</B></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</B></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold"><B>BALANCE AT ___________</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right">2,832,268</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right">4,153,850</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">RETROSPECTIVE ADJUSTMENTS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: #FFC000">APPLICATION OF COMPREHENSIVE INCOME&nbsp; TO RETAINED EARNINGS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; color: red"><FONT STYLE="color: red">&nbsp;RESERVES</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; color: red"><FONT STYLE="color: red">&nbsp;DIVIDENDS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; color: red"><FONT STYLE="color: red">CAPITAL INCREASE (DECREASE)&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">REPURCHASE OF SHARES</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">(DECREASE) INCREASE IN PREMIUM ON ISSUE OF SHARES</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">(DECREASE) INCREASE<FONT STYLE="color: red"> IN</FONT> NON-CONTROLLING INTERESTS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">OTHER CHANGES</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">COMPREHENSIVE INCOME&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white; font-weight: bold"><B>BALANCE AT ___________</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #00B050; text-align: right">2,832,268</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #00B050; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #00B050; text-align: right">4,153,850</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #00B050; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold"><B>BALANCE AT ___________</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,832,268</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">4,153,850</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">RETROSPECTIVE ADJUSTMENTS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: #FFC000">APPLICATION OF COMPREHENSIVE INCOME TO RETAINED EARNINGS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; color: red"><FONT STYLE="color: red">&nbsp;RESERVES</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">DIVIDENDS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; color: red"><FONT STYLE="color: red">CAPITAL INCREASE (DECREASE)&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">REPURCHASE OF SHARES</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">(DECREASE) INCREASE IN PREMIUM ON ISSUE OF SHARES</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">(DECREASE) INCREASE<FONT STYLE="color: red"> IN</FONT> NON-CONTROLLING INTERESTS</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">OTHER CHANGES</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">COMPREHENSIVE INCOME&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white; font-weight: bold"><B>BALANCE AT ___________</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #00B050; text-align: right">2,832,268</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #00B050; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #00B050; text-align: right">4,153,850</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #00B050; text-align: right">0</TD></TR>
</TABLE>


<P STYLE="margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 50%">&nbsp;</TD><TD STYLE="text-align: right; width: 50%"></TD></TR></TABLE></DIV>
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<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>QUARTER: 3</B></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>YEAR 2012</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.<BR>
STATEMENTS OF CHANGES IN EQUITY&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center">CLAVE DE COTIZACION: <FONT STYLE="font-size: 12pt"><B>SIMEC</B></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><B>GRUPO SIMEC, S.A.B. DE C.V</B></TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; color: #003366">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>(THOUSAND PESOS)</B></TD></TR>
</TABLE>


<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; border-bottom: black 1pt solid; background-color: #FFFF99; color: red; font-weight: bold; text-align: center"><FONT STYLE="color: red"><B>OTHER&nbsp; CONTRIBUTED CAPITAL</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: #FFFF99; color: red; font-weight: bold; text-align: center"><FONT STYLE="color: red"><B>RETAINED EARNINGS (ACCUMULATED LOSSES)</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; border-bottom: black 1pt solid; background-color: #FFFF99; color: red; font-weight: bold; text-align: center"><FONT STYLE="color: red"><B>ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; background-color: #0066CC; font-weight: bold; text-align: center"><B>EQUITY ATTRIBUTABLE TO OWNERS OF PARENT</B></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; background-color: #0066CC; font-weight: bold; text-align: center"><B>NON-CONTROLLING INTERESTS</B></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; background-color: #FFFF99; font-weight: bold; text-align: center"><B>TOTAL EQUITY</B></TD></TR>
<TR STYLE="background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>RESERVES</B></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; color: red; font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: red"><B>UNAPPROPRIATED
    EARNINGS</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif"> </FONT></B><BR>
    <B>(ACCUMULATED LOSSES)</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: silver">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: silver">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: silver">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: silver">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: silver">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: silver">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: yellow; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right">200,612</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right">11,571,900</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; color: red; text-align: right"><FONT STYLE="color: red">(63,349)</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green; text-align: right">18,695,281</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right">1,844,083</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green; text-align: right">20,539,364</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right">1,577,802</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; color: red; text-align: right"><FONT STYLE="color: red">72,313</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green; text-align: right">1,650,115</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; color: red; text-align: right"><FONT STYLE="color: red">225,191</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green; text-align: right">1,875,306</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: green">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">200,612</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">13,149,702</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; color: red; text-align: right"><FONT STYLE="color: red">8,964</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">20,345,396</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,069,274</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">22,414,670</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">200,612</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">14,364,176</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">393,889</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green; text-align: right">21,944,795</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,175,858</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green; text-align: right">24,120,653</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right">2,353,290</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right">-711,935</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green; text-align: right">1,641,355</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; color: red; text-align: right"><FONT STYLE="color: red">-109,595</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green; text-align: right">1,531,760</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: silver">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: green">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">200,612</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">16,717,466</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">-318,046</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">23,586,150</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">2,066,263</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">25,652,413</TD></TR>
</TABLE>


<P STYLE="margin: 0"></P>

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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt"><B>Grupo Simec, S.A.B. de C.V. and
Subsidiaries</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 12pt"><B>(Subsidiary of Industrias CH,
S.A.B. de C.V.) </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-size: 18pt"><B>Notes to the consolidated financial
statements</B></FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10px; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 38px; font: bold 12pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-transform: uppercase"><B>1.</B></FONT></TD>
    <TD STYLE="font: bold 12pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Nature
    of business and relevant events</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 28.35pt; text-align: justify"><B><I>Nature of business</I></B>
<B><I>&ndash;</I></B> The principal activities of Grupo Simec, S.A.B. de C.V. and subsidiaries (the Company) are the manufacture
and sale of special bar quality &ldquo;SBQ&rdquo; commercial and profiles structural steel products for the automotive and construction
industries both in Mexico, the United States (USA) and Canada. The Company is a subsidiary of Industrias CH, S.A.B. de C.V. (Industrias
CH). The Company is a private company with limited liability incorporated and existing under the laws of Mexico. The address of
its registered office and place of business is Calzada Lazaro Cardenas 601, Guadalajara, Jalisco, Mexico.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 28.35pt">The Mexican Securities
Commission (CNBV) establish the requirement to certain listed companies to disclose their financial information to the public trough
the Mexican Stock Exchange (BMV) to that from 2012 to develop obligatory financial information based on Financial Reporting Standard
(IFRS) hereinafter IFRS or IAS, issued by the International accounting standard board (IASB)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 28.35pt">The Financial Statement
to be issued by the Company for the year ending December 31, 2012 will be its first annual financial statement complies with IFRS.
The translation date is January 1, 2011 and therefore, the year ended December 31, 2011 will be the comparative period covered
by the standard of adoption IFRS 1, &ldquo;Initial Adoption of International Financial Reporting Standards&rdquo;. According to
IFRS 1 the Company will apply the relevant mandatory exceptions and certain optional exemption to retrospective application of
IFRS</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10px">&nbsp;</TD>
    <TD STYLE="width: 38px; font-weight: bold"><FONT STYLE="color: #1A171B"><B>2.</B></FONT></TD>
    <TD STYLE="font-style: italic; font-weight: bold"><FONT STYLE="color: #1A171B"><B><I>Basis of preparation </I></B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 28.35pt; color: #1A171B">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; text-align: right"><FONT STYLE="color: #1A171B">a.</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="color: #1A171B"><B>The consolidated financial statements
&#150;</B> As result of the adoption of IFRS mentioned in note 1, consolidated financial statement, interim no audited, have been
    prepared according to IAS 34, financial information interim, and will be part of the first consolidated financial statement
    according to IFRS, that will be issued to the year ended December 31, 2012, for this reason we have adopted the disposition
    of IFRS 1, additionally , this consolidated financial statement not include the information and disclosure required for
    annual financial statement according with IFRS.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; color: #1A171B">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify; color: #1A171B">The Company has included
recurring adjustment accounting estimates considered necessary for presentation of the consolidated financial statements interim
no audited according to IAS 34. Comprehensive income for the second quarter ended September 30, 2012 is not necessarily an indicator
of comprehensive income that could be expected for the year ended December, 31 2012.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; color: #1A171B">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify; color: #1A171B">The account policies
applied to these financial statement are consistent with those applied to the consolidated financial statement at September 30,
2011.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; color: #1A171B">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; text-align: right"><FONT STYLE="color: #1A171B">b.</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="color: #1A171B"><B>Historic Cost &#150;</B> consolidated
    financial statement have been prepared on the historical cost basis, except for certain financial instruments valued to fair
    value which are valued to fair value. Historical cost is generally based on the fair value of the consideration given in
    exchange for assets.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in; color: #1A171B">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-bottom: 6pt; color: #333333; text-align: right; width: 52px"><FONT STYLE="color: #333333">c.</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-bottom: 6pt; width: 10px">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial, Helvetica, Sans-Serif; padding-bottom: 6pt; text-align: justify"><B>Consolidated Base &#150; </B>consolidated
    financial statement include of Grupo Simec, S. A. B. de C. V. and the entities (including special purpose entities)
    controlled by the company (its subsidiaries). Control its obtained when the Company has the power to govern the financial and
    operating policies of an entity to obtain benefits from its activities<FONT STYLE="color: #333333">.The outcome of
    subsidiaries acquired or sold during the year include in the consolidated statement of comprehensive income from acquisition
    date or the date of sale, as the case. Comprehensive income is attributed to both, the company and non-controlling interest
    even if the non- controlling present a deficit.</FONT></TD></TR>

</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; text-align: justify"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; text-align: justify">If necessary , further adjustments
are done on the financial statements of subsidiaries to adapt their accounting policies that are aligned with those used by other
group members. All transactions, balances, income and expenses between companies that are consolidated are eliminated on consolidation.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; text-align: justify">The changes in investments in subsidiaries
of the company that not resulting in a loss of control is recorded as equity transactions. The book value of investments and equity
of the company controlled not adjusted to reflect changes in related investments in subsidiaries. Any difference between the amount
for which share are adjusted not controlled and the fair value of consideration paid or received is recognized directly in equity
and attributed to the owners of the company.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; text-align: justify">When the company loss control of
a subsidiary, the gain or loss on disposal is computed as the difference between (i) the aggregate fair value of compensation received
ant the fair value of any retained interest and (ii) the value prior books of the assets (including goodwill) and liabilities of
the subsidiary and any non-controlling interest.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; text-align: justify">The amounts recognized in other
comprehensive income items relating to the subsidiary are recorded (ie to income are reclassified or transferred directly to retained
earnings) in the same manner established for the case of the availability of assets or liabilities relevant. The fair value of
any investment retained in the former subsidiary at the date of loss of control is considered fair value for the initial recognition
in subsequent accounting according to IAS 39 &ldquo;Financial Instruments Recognition and Measurement&rdquo;, or if applicable,
the cost on initial recognition of an investment in an associate or under joint control entity.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; text-align: justify">Business acquisitions recorded using
the purchase method. The consideration given for each acquisition are measured at fair value at the date of exchange, of assets
given, liabilities incurred or assumed and equity instruments issued by the company in exchange for control of the acquire. Cost
related to the acquisition is recognized in income incurred.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; text-align: justify">The identifiable assets acquired
and liabilities assumed are recognized at the fair value at the acquisition date, except that:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 70.8pt; text-align: justify">&#150; Assets and liabilities
deferred income tax liabilities or assets and related agreements, employee benefits are recognized and valued in accordance
with IAS 12, &ldquo;Income tax and IAS 19, employee benefits, respectively;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 70.8pt; text-align: justify">&#150; Liabilities or equity
instruments related to the replacement by the Company acquired the business incentive base payments in shares, are valued in
accordance with IFRS 2, &ldquo;Share based payment&rdquo; and.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.4pt">The assets or group of assets for sale are classified
as held for sale under IFRS 5, long term assets available for sale and discontinued operation, are valued pursuant with this standard.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.4pt; text-align: justify">Goodwill is recognized as an asset
to the date on which control is acquired, ie the acquisition date and is valued as the excess of the amount of the consideration
paid, plus the value of the non-controlling interest in the business acquired over the fair value of the acquired business share
in the previously possessed, if any, on the net at the acquisition date of the identifiable assets acquired and liabilities assumed.
If the value of these last is higher, the difference shall be recognized immediately in income as a gain from a bargain purchase.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.4pt; text-align: justify">The non-controlling interest on the
acquired business should appraise initially at fair value or proportion of the non-controlling interest on the net value at the
date of acquisition of the identifiable assets acquired and liabilities assumed. The choice of the basis of valuation of the non-controlling
is done case by case.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.4pt; text-align: justify">When the consideration paid by the
Company in a business acquisition includes assets or liabilities resulting from a contingent consideration, it is valued at its
fair value at the acquisition date and include as part of the consideration paid.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 35.4pt; text-align: justify"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 35.4pt; text-align: justify">Changes in the fair value of contingent
consideration, which they describe as valuation period settings are adjusted against goodwill retrospectively determined.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.4pt; text-align: justify">The valuation period settings are
settings that are determined as a result of information obtained during the &ldquo;period of valuation&rdquo;, which can&acute;t
exceed one year from the date of acquisition, on facts and circumstances that existed at the acquisition date. The record of changes
in fair value subsequent to the period of valuation is based on the classification of contingent consideration in the statement
of financial position. If the contingent consideration is classified as equity, changes in fair value not recorded and the variation
may be seen as contingent consideration is recorded in liquid capital. If the contingent consideration is classified an asset or
liability, changes in fair value are recognized in accordance with IAS 39 &ldquo;Financial Instruments Recognition and Valuation,
or IAS 37, Provisions. Contingent Liabilities and Contingent assets, as appropriate, and corresponding gain or loss is recorded
in the utility.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 35.4pt; text-align: justify">The initial recognition of business
acquisition is not completed at the end of the reporting period, in which acquisition occurs, the Company reported provisional
amounts for the items whose recognition is incomplete. During the period of valuation, the Company recognizes adjustments to provisional
amounts recognized asset or liability or additional requirements to reflect new information obtained about facts and circumstances
that existed at the acquisition date, which if known, would have affected the valuation of amounts recognized at that time.</P>

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

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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1.7pt 0 0 35.4pt; text-align: justify">At September 30, 2012, December
31, 2011 and January 1, 2011 the subsidiaries of Grupo, Simec, S. A. B. de C. V. included in the consolidation are as follows.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.8pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 1.7pt 32.85pt 0 0; text-align: right"><B>Percentage of equity owned</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.45pt 0 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 72%; padding-top: 4.05pt; padding-left: 2pt; font-weight: bold"><B>Subsidiaries established in Mexico:</B></TD>
    <TD STYLE="width: 13%; border-top: #ACA89A 1.5pt solid; border-bottom: #ACA89A 1.5pt solid; font-weight: bold; text-align: center"><B>2011/2012</B></TD>
    <TD STYLE="width: 15%; border-top: #ACA89A 1.5pt solid; border-bottom: #ACA89A 1.5pt solid; font-weight: bold; text-align: center"><B>2010</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; vertical-align: bottom">Compa&ntilde;&iacute;a Sider&uacute;rgica de Guadalajara, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Arrendadora Norte de Matamoros S.A. de C.V. (1)</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Arrendadora Simec, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Simec International, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Compa&ntilde;&iacute;a Sider&uacute;rgica del Pac&iacute;fico, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Coordinadora de Servicios Sider&uacute;rgicos de Calidad, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Industrias del Acero y del Alambre, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Procesadora Mexicali, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Servicios Simec, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Sistemas de Transporte de Baja California, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Operadora de Servicios Sider&uacute;rgicos de Tlaxcala, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Operadora de Metales, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Administradora de Servicios Sider&uacute;rgicos de Tlaxcala, S.A., de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Comercializadora Simec, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 2pt">CSG Comercial, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.95%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.95%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Corporativos G&amp;DL S.A. de C.V.(2)</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Comercializadora de Productos de Acero de Tlaxcala, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.95%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.95%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Sider&uacute;rgica de Baja California, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.95%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.95%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Operadora de Servicios de la Industria Sider&uacute;rgica ICH, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Productos Sider&uacute;rgicos de Tlaxcala, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Comercializadora MSAN, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Simec International 2, Inc (3)</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Simec International 3, Inc. (3) </TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Corporaci&oacute;n Aceros DM, S. A. de C. V. y Subsidiarias (4)</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Simec International 4, Inc. (3) y (4)</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Simec International 5, Inc. (3) y (4)</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Acero Transportes San, S. A. de C. V. (4)</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Simec Acero, S.A. de C.V.</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Corporaci&oacute;n ASL, S. A. de C. V. (2)</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Simec International 6, S. A. de C. V. (2)</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Simec International 7, S. A. de C. V. (2)</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>99.99%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4.8pt 0 0 2pt"><B>Subsidiaries established in foreign countries:</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 2pt">SimRep Corporation and Subsidiaries (5) (6) y (7)</P></TD>
    <TD STYLE="text-align: center; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0.3pt; text-align: center; margin-bottom: 0">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>
        <P STYLE="font-weight: bold; text-align: center">50.22%</P></TD>
    <TD STYLE="text-align: center">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0.3pt; margin-bottom: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</P>
        <P STYLE="padding-left: 2pt; font-weight: bold; text-align: center"><B>50.22%</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Pacific Steel, Inc. (6)</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Pacific Steel Projects, Inc. (6)</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Simec Steel, Inc. (6)</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>Simec USA, Corp. (6)</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 2pt">Undershaft Investments, NV. (8)</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>GV do Brasil Industria e Comercio de Aco LTDA (9)</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>100.00%</B></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(1)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">This company sold on May 2011.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(2)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Entities established in 2010.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(3)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Entities that change their address and
    fiscal authority, to the state of California, USA through 2011. Since the change, the main activity of this entities is the
    acquisition of new business or projects (Investment funds).</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(4)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">This Subsidiaries are located in San
    Luis Potosi, in Mexico, which were acquired by Grupo Simec, S.A.B. de C.V. in 2008. For effects of these Financial Statements,
    this companies are named as &rdquo;Grupo San&rdquo;.</FONT></TD></TR>
</TABLE>


<P STYLE="margin: 0"></P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 50%">&nbsp;</TD><TD STYLE="text-align: right; width: 50%"></TD></TR></TABLE></DIV>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; font: 12pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(5)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The
    parent Company ICH it&rsquo;s the owner of 49.78% of capital stock of this subsidiaries.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(6)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Companies established in the United
    States of America, except for one facility that is established in Canada.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(7)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">SimRep does not have important transaction,
    or assets, except for the investment on Republic Steel. Before September 2011 the name of this subsidiary was Republic Engineered
    Products Inc.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(8)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Subsidiary established in Curacao.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(9)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Subsidiary established in Brazil. (See
    paragraph k, below)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1.7pt 0 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">d</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Cost and Expenses
    Classification &#150; Are presented its function due the practice of industry belong the Company.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1.7pt 0 0"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1.7pt 0 0"><B>3. Summary of significant account policies.</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.65pt 0 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; font-weight: bold; text-align: right"><B>a.</B></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; font-weight: bold"><B>Conversion of financial Statement of Foreign Subsidiaries</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 23.3pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">As a result of early adoption of
IFRS as mentioned in Note 1, the financial statements have been prepared in accordance with IFRS-1, <I>First-time Adoption of International
Financial Reporting Standards.</I></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 56.7pt; text-align: justify; color: #1A171B">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; 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 International Accounting Standard (IAS) 21, <I>&ldquo;The Effects of Changes in Foreign Exchange Rates&rdquo;</I>. Under this
standard, the first step to convert financial information from foreign operations 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.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 56.7pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">The U.S. dollar is considered as
the functional currency of the U.S. subsidiaries, SimRep Corporation and Subsidiaries, Inc (Republic) and Pacific Steel Inc. and
the Brazilian real for GV do Brasil Industria e Comercio de Aco LTDA., therefore the financial statements of these subsidiaries
were translated into Mexican pesos by applying:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 56.7pt; color: #1A171B">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 81px; padding-bottom: 6pt; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1A171B">a.</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The exchange rates
    at the balance sheet date to all assets and liabilities.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 78pt; text-align: justify; text-indent: -21.3pt; color: #1A171B"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 81px; padding-bottom: 6pt; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1A171B">b.</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The historical
    exchange rate at stockholders&rsquo; equity accounts and revenues, costs and expenses.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 56.7pt; text-align: justify; text-indent: -15.3pt; color: #1A171B"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">The Mexican Peso was considered the
functional currency of the subsidiaries Simec USA Inc., Pacific Steel Projects, Inc., Simec Steel Inc., and Simec International,
2,3,4 and 5 this last establish in United States of America in 2011 and the U.S. dollar as its recording currency; therefore the
financial statements were translated to Mexican pesos as follows:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 78pt; text-indent: -21.3pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 81px; padding-bottom: 6pt; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Monetary assets
    and liabilities by applying the exchange rates at the balance sheet date.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 81px; padding-bottom: 6pt; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Non-monetary assets
    and liabilities, as well as stockholders&rsquo; equity accounts, at the historical exchange rate,</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 81px; padding-bottom: 6pt; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Revenues, costs
    and expenses at the historical exchange rate. The effect of assets and liabilities non-monetary in the income of the year,
    such depreciation and cost of sales, are translate at historical exchange rate corresponding to the balance sheet date.</FONT></TD></TR>
</TABLE>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">Translation differences were carried
directly to the income statement as part of the comprehensive financing cost under the caption foreign exchange loss.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 78pt; text-align: justify; text-indent: -21.3pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">Relevant exchange rates used in the
preparation of the consolidated financial statements were as follows (Mexican pesos per one U.S. dollar):</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse; margin-left: 44pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 69%; padding-right: 5.4pt">Current exchange rate as of September 30, 2012</TD>
    <TD STYLE="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.8521</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt">Current exchange rate as of December 31, 2011</TD>
    <TD STYLE="text-align: center">13.9904</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt">Current exchange rate as of January 1, 2011</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">12.3571</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt">Weighted average exchange rate for the year ended September 30, 2012</TD>
    <TD STYLE="text-align: center">&nbsp;12.8521</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt">Weighted average exchange rate for the year ended September 30, 2011</TD>
    <TD STYLE="text-align: center">&nbsp;13.4217</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.6pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; font-weight: bold; text-align: right"><B>b.</B></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; font-weight: bold"><B>Cash and cash equivalents</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.85pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">Cash consists of deposits in bank
accounts that do not generate interest. Cash equivalents consists in temporary investments refer to short- term fixed income investments
whose original maturity is less than three months. These investments are expressed at cost plus accrued yields. The value so determined
is similar to their fair value</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 10.55pt 0 23.3pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; font-weight: bold; text-align: right"><B>c.</B></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; font-weight: bold"><B>Allowances for doubtful accounts</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.95pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">The Company follows the practice
of recording an estimation of an allowance for doubtful accounts, which is computed considering the balance of customer with age
higher than one year, those under litigation or the possible loss for non-fulfillment of the customer. Actual result may differ
materially from these estimates in the future.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; font-weight: bold; text-align: right"><B>d.</B></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; font-weight: bold"><B>Inventories and cost of sales</B></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.95pt 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">Inventories are recorded at the lower
of acquisition cost and production, which cost do not exceed the market value or net realizable value. The allocation of cost used
is the average cost method. The net realization value represent the estimated selling price for inventories less all costs to complete
all necessary costs and for sale.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">The Company classifies the raw materials
inventory on the balance according to the expected date of consumption but she represented as long term inventory who according
to historical data and trends, are not consumed in the short term (one year).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">The Company follows the practice
of creating a reserve for slow moving inventory, considering all of products and raw materials with turnover greater than one year.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; font-weight: bold; text-align: right"><B>e.</B></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><B>Property Plant and equipment</B> &#150; Are recorded at cost less any recognized impairment loss. The cost include professional fees and, for qualifying assets, borrowing costs capitalized in accordance with the accounting policies of the Company. Depreciation is recognized for writing off the cost of assets (other than land and properties under construction) less its residual value over their useful lives using the straight-line method, and commences when the assets are ready for their intended use. The estimated useful-lives, residual values and depreciation method are reviewed at the end of each year, and the effect of any change in the estimate recorded is recognized on a prospective basis.</TD></TR>
</TABLE>




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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 50%">&nbsp;</TD><TD STYLE="text-align: right; width: 50%"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt">Land is not depreciated.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">Property, plant and equipment fail
to recognize when they are available or when no future economic benefits expected from its use. The gain or (loss) arising on the
disposal or retirement of assets, is the difference between income from the sale and book value of the asset and is recognized
in income.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt">The estimated useful lives of the main assets of the Company
are:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 90%; margin-left: 44pt">
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    </TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2.85pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; padding-bottom: 9pt"><B>Years</B></TD></TR>
<TR>
    <TD STYLE="padding-left: 2.85pt">&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: #A0A0A0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2.85pt">Buildings</TD>
    <TD STYLE="text-align: center">10 to 65</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2.85pt">Machinery and equipment</TD>
    <TD STYLE="text-align: center">5 to 40</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2.85pt">Transportation equipment</TD>
    <TD STYLE="text-align: center">4</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2.85pt">Furniture, mixtures and computer equipment</TD>
    <TD STYLE="text-align: center">3 to 10</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; font-weight: bold; text-align: right"><B>f.</B></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><B>Leasing</B> &#150; Leases are classified as financial leases when the terms of the lease transfer substantially all the risk and benefits inherent to ownership. All other lease transfer classified as operating leases.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">The assets held under finance leases
are recognized as assets of the Company at their fair value at inception of the lease, or if lower, the present value of minimum
lease payments. The corresponding liability to the lessor is included in the statement of financial position as a finance lease
liability.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">Lease payments are apportioned between
the finance charge and the reduction of lease obligation in order to achieve a constant interest rate on the remaining balance
of the liability. Finance cost are charged directly to income, unless they can be directly attributable to qualifying assets, in
which case it is capitalized in accordance with the general policy of the Company for borrowing costs. Contingent rents are recognized
as expenses in the period incurred.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">Income payments under operating leases
are charged to expense using the straight line method during the period corresponding to the lease, but is more representative
of another systematic basis is more representative of the pattern of the benefits of leasing for the user. Contingent rents are
recognized as expenses in the period incurred.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">If the Company receives incentives
to enter an operating lease, these are recognized as a liability and the added benefit of them is recognized as a reduction of
rental expenses on a straight-line basis, unless it sis representative as another systematic basis is more representative of the
pattern of benefits to the user.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; font-weight: bold; text-align: right"><B>g.</B></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><B>Borrowing Cost</B> &#150; Borrowing costs directly attributable to the acquisition construction or production of qualifying assets, which are assets that require a substantial period of time until ready for use or sale, are added to the cost of those assets during that time until they are ready for use or sale.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">The income obtained by the temporary
investment of specific borrowings pending funds to be used in qualifying assets is deducted from the borrowing costs eligible for
capitalization.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">All other borrowing cost are recognized
in income during the period they are incurred.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52px; padding-bottom: 6pt; font-weight: bold; text-align: right"><B>h.</B></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><B>Intangible assets</B> &#150; Intangible assets with finite useful- lives acquires separately are recorded at cost less accumulated amortization and accumulated impairment losses. Amortization is based on the straight-line method over their estimated useful lives. The estimated useful lives, residual value and amortization method are reviewed at the end of each year, and the effect of any change in the estimate recorded is recognized on a prospective basis. Intangibles assets with as indefinite useful life acquired separately are recognized at cost less accumulated impairment losses.</TD></TR>
</TABLE>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">Disbursements arising from research
activities are recognized as an expense in the period in which incurred.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 44pt; text-align: justify">An internally generated intangible
asset arising out of activities of development (or from the development phase of an internal project) is recognized if and only
if all the following have been demonstrated.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&#150;</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Technical feasibility
    of completing the intangible asset so that may be available for use or sale,</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&#150;</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The intention
    of completing the intangible asset and use or sell it,</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&#150;</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The ability to
    use or sell the intangible asset,</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&#150;</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The manner in
    which the intangible asset will generate probable future economic benefits,</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&#150;</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The availability
    of adequate technical, financial or otherwise , to complete the development and use or sell the intangible asset, and</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&#150;</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The ability to
    value reliably the expenditure attributable to the intangible asset during its development.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">The amount initially recognized for
internally generated intangible asset is the sum of expenditure incurred from the time that the item meets the conditions for recognition
set out above. When you can&acute;t recognize an internally generated intangible asset, the development expenditure is expensed
in the period incurred Subsequent to initial recognition, internally generated intangible asset is recognized at cost less accumulated
depreciation and any accumulated impairment losses, on the same basis intangibles assets acquired separately.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">When an intangible asset acquired
in a business combination and recognized separately from goodwill, its cost is its fair value at the acquisition date (which is
considered as its cost). Subsequent to initial recognition, an intangible asset acquired in a business combination are recognized
at cost less accumulated depreciation and any accumulated impairment losses, on the same basis as intangible assets acquired separately.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">An intangible asset is left to recognize
when it is available or when no future economic benefits are expected to use. The gain or (loss) obtained arising from the lowering
of intangible, calculated as the difference between the net disposal proceeds and its carrying amount is recognized in earnings.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px; font-weight: bold"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>i.</B></FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Goodwill &#150;</B>
Goodwill arising from a business combination is recognized as an asset at the date on which control is acquired (acquisition date)
less accumulated impairment losses. For purposes of assessing impairment, goodwill is allocated to each cash generating units
of the Company expects to benefit from the synergies of this combination. The cash generating units to which goodwill is allocated
are subject to impairment reviews annually, or more frequently if there is an indication that the unit may be impaired. If the
recoverable amount of the cash generating units less than the carrying amount of the unit, the impairment loss is allocated first
to reduce the carrying amount of the unit, based on the carrying amount of each asset in the unit. The impairment loss recognized
for goodwill purposes can&acute;t be reversed at a later period. Having a cash generating unit, the amount attributable to goodwill
is included in determining the gain or loss on disposal.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px; font-weight: bold"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>j.</B></FONT></TD>
    <TD STYLE="padding-right: 4.8pt"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Impairment </B>of
                                     tangible and intangible assets excluding goodwill &#150; To the end of each year, the Company reviews the carrying amounts of
                                     its tangible and intangible assets to determine whether there is an indication that those assets have suffered any loss
                                     deterioration. If there is any indication, we calculate the assets have recoverable amount to determine the extent of the
                                     impairment loss (if any). When it is not possible to estimate the recoverable amount of an individual asset, the Company
                                     estimate the recoverable amount of the cash generating unit to which the asset belong. When you can identify a reasonable and
                                     consistent distribution of corporate assets are also allocated to individual cash generating units, or otherwise, are
                                     assigned to the smallest group of cash generating units for which can be identified based reasonable and consistent
                                     distribution. Intangible assets with an indefinite useful life or not yet available for use, are subjected to test for
                                     purposes of impairment at least annually and whenever there is an indication that the asset may be impaired. The recoverable
                                     amount is the higher of fair value less cost to sell and value in use. In assessing value in use, the estimated future cash
                                     flows are discounted to their present value using a discount rate before tax that reflects current market assessments of the
                                     value of money and the risks specific to the asset for which have not been adjusted estimates of future cash flows. If it is
                                     estimated that the recoverable amount of an asset (or cash generating unit) is less than its carrying amount, the carrying
                                     amount of the asset (cash generating unit) is reduced to its recoverable amount. Impairment losses are recognized immediately
                                     in profit or loss unless the assets is carried at revalued amount, in which case should be considered an impairment loss as a
                                     revaluation decrease, where an impairment loss subsequently reverses, the carrying amount of the asset (cash generating unit)
                                     is increased to the revised estimated recoverable amount, so that the increased carrying amount does not exceed the carrying
                                     amount is have not been determined whether an impairment loss recognized for the asset (or cash generating unit) in prior
                                     years. A reversal of an impairment loss is recognized immediately in profit or loss unless the assets is recognized to an
                                     amount revalued in which case the reversal of the impairment loss is treated as a revaluation increase.</FONT></P></TD></TR>
</TABLE>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 50%">&nbsp;</TD><TD STYLE="text-align: right; width: 50%"></TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px; font-weight: bold"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>k.</B></FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Provisions
    </B> &#150; Provisions are recognized when the Company has a present obligation (legal or assumed) as a result of past
    events,     if it is likely that the Company has to liquidate the obligation and reliable estimate can be made of the amount
    of the obligation.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">The amount recognized as a provision
is the best estimate of the expenditure required to settle the present obligation at the end of the reporting period under review,
taking into account the risk and uncertainties that surround obligation. When a provision is valued using cash flows estimated
to settle the present obligation, its carrying amount represent the present value of those cash flows.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">When expected to recover from
a third party of some or all the economic benefits required to settle a provision is recognized a receivable as an asset if it
is virtually certain to be received the disbursement and the amount of the receivable can be valued reliably.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 24px; font-weight: bold"><B>l.</B></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><B>Cost of retirement benefits</B> &#150; Contributions to benefit
    plans to defined contribution retirement are recognized as expenses at the time the employees render the services that
    entitle them to the contributions.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.4pt; text-align: justify">In the case of defined benefit
plans, the cost of such benefits are determined using the projected unit credit method, with actuarial valuation carried out at
the end of each period being reported. Gain and losses that exceed 10% of the greater of the present value of defined benefit obligations
of the Company and the fair value of plan assets at the end of last year, are amortized over the estimated average remaining working
lives of employees participating in the plan. The past service costs are recognized immediately to the extent that benefits are
acquired otherwise, are amortized using the straight-line method over the average period until the benefits become acquired.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">The retirement benefit obligation
recognized in the statement of financial position represent the present value of defined benefit obligation, adjusted for gains
and losses not recognized and the costs of unrecognized past service, less the fair value of the plan assets. Any asset that arises
from this calculation is limited to unrecognized actuarial losses and past service cost, plus the present value of reimbursements
and reductions in future contributions to the plan.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px; font-weight: bold"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>m.</B></FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Income
    per share</B> &#150; Earnings per share are calculated by dividing net income controlling interest by the weighted average of
    common shares outstanding for each of the periods presented.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px; font-weight: bold"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>n.</B></FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Income
    Taxes &#150; </B>Expense for income taxes represent the sum of the resulting income taxes payable and deferred income
    tax.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.4pt; text-align: justify"><B>Current Income Tax</B>
&#150; The current income tax is the higher income tax (ISR) and the flat rate business tax (Flat Tax) and is recognized in
income in the year they are incurred. The income tax payable is based on fiscal profits and cash flows of each year
respectively. The fiscal profit differs from profit reported in the consolidated statement of comprehensive income due to
items of income or expenses taxable and deductible in other years and items that are never taxable or deductible. The
company&acute;s</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.4pt; text-align: justify">liability for taxes due is computed
using tax rates enacted or substantially approved at the end of the period over which it is reported.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify"><B>Deferred Income Tax &#150;</B>
The company determined, based on financial projections, determine whether ISR or Flat Tax in the future and recognize the
corresponding deferred tax on the tax it paid. Deferred tax is recognized temporary differences between the carrying amount
of assets and liabilities included in the financial statements and the corresponding tax base used to determine the tax
profit, using the liability method. The deferred tax liability is generally recognized for all temporary tax differences. It
recognizes a deferred tax asset, because of all deductible temporary differences, as far as is probable that the future
taxable profits available against which to apply those deductible temporary differences. These assets and liabilities are not
recognized if temporary differences arise from goodwill or the initial recognition (other than the business combination) of
other assets and liabilities in a transaction that affects neither the tax profit accounting profit.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">The carrying value of deferred
tax asset should be reviewed at the end of each year and should be reduced to the extent deemed unlikely to have sufficient taxable
profits to allow it to recover all or a portion of the asset.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">Assets and deferred tax
liabilities are computed using tax rates expected to apply in the period when the liability is paid or the asset is realized,
based on the rates (and tax act) that have been approved or substantially approved the end of the reporting period under
review. The valuation of liabilities and deferred tax assets reflects the tax consequences that would result from the way the
Company expects, at the end of the reporting period under review, to recover or settle the carrying amount of assets and
liabilities.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">It also recognizes a deferred
tax asset for the estimated future effects of tax loss carry-forwards and tax credits recoverable asset. It records a valuation
allowance to reduce the balance of deferred tax assets to the amount of future net benefits are more likely than not they do.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">Deferred tax assets and deferred
tax liabilities are offset when there is a statutory right to offset short-term assets with short term liabilities as they relate
to income taxes for the same taxation authority and the Company intends to liquidate its assets and liabilities en a net basis.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.4pt; text-align: justify"><B>Current income tax and
deferred income tax period</B> &#150; Current and deferred are recognized as income or expense in profit or loss, except when
related items that are recognized out of the income, either in other comprehensive income or (loss) or directly in equity, in
which case the tax is also recognized outside of the outcome, or when arising on initial recognition of a business
combination.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.4pt; text-align: justify"><B>Interest on balance
recoverable taxes &#150;</B> Interest on tax receivables balances are presented in the consolidated statement of comprehensive
income as interest income.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.4pt; text-align: justify"><B>Income Tax in the interim
period</B>  &#150; The income tax is recorded in the interim period based on the estimated annual effective rate.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 23px; padding-bottom: 6pt"><B>o.</B></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><B>Foreign currency transaction &#150;</B> In preparing the financials
    statements of individual entities, transaction in currencies other than the entity&acute;s functional currency (foreign
    currencies) are recorded using exchange rates prevailing at the dates on which operations are carried out. At the end each
    reporting period, monetary items denominated in foreign currency are converted at exchange rates prevailing at that
    time.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 6pt 0; text-align: justify; text-indent: 35.4pt">The exchange
rate differences are recognized in the income statement except:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px">&nbsp;</TD>
    <TD STYLE="width: 24px">&#150;</TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify">Foreign exchanges differences from foreign currency denominated loans relate to assets under construction for future productive use, which are included in the cost of those assets when considered as an adjustment to interest cost on loans denominated in foreign currency,</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&#150;</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Differences on
    exchange derived from transaction related to hedging exchange rate risks, and</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&#150;</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Differences in
    exchange rate from monetary items receivable from or payable to a foreign operation for which it is planned or is it possible
    to make a payment (forming part of the investment in foreign operations), which are initially recognized in other comprehensive
    income and reclassified from equity to profit or loss when selling all or part of investment.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 15pt; text-align: right"><B>p.</B></TD><TD STYLE="width: 5pt"></TD><TD><B>Financial Instruments</B> &ndash; assets and liabilities are recognized when the
Company is part of the contractual provisions of the instrument.</TD>
</TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 20pt; text-indent: 0pt">The
assets and liabilities are measured initially at fair value. Transaction costs that are directly attributable to the acquisition
or issue of financial assets and liabilities are increased or decreased from its fair value, as appropriate, on initial recognition,
the transaction costs directly attributable to the acquisition of assets or liabilities at fair value through income is recognized
immediately in earnings.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 15pt; text-align: right"><B>q.</B></TD><TD STYLE="width: 5pt"></TD><TD>Financial assets &ndash; Financial assets are classified into the following specific categories, &ldquo;financial assets
                                                                                     at fair value through income&rdquo;, &ldquo;preserved at maturity investment&rdquo;, &ldquo;financial assets available for
                                                                                     sale&rdquo; and loans and charge receivable. The classification depends on the nature and purpose of financial assets and is
                                                                                     determined at the time of initial recognition. All financial assets are recognized and unknown on trade date where purchase
                                                                                     or sale of financial assets is under a contract whose terms require delivery of the asset during a period which is
                                                                                     usually set by the relevant market.</TD>
</TR></TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 20pt; text-indent: 0pt">The
method of the effective interest rate is a method of computed the amortized cost of a financial instrument and of allocating interest
income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts
including all fees on points based on interest paid or received that form an integral of the effective interest rate, transaction
costs and other premiums or discounts over the expected life of the debt or financial instrument (where appropriate) in a shorter
period, with the carrying amount on initial recognition.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 20pt; text-indent: 0pt">The
Company has no financial assets classified as &ldquo;financial assets at fair value through income&rdquo;, &ldquo;preserved at
maturity investments&rdquo; or &ldquo;financial assets available for sale&rdquo;,</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt; margin-left: 20pt; text-indent: 0pt">Accounts
receivable, loans and other receivable with fixed or determinable payments that are not trade in an active market are classified
as loans and receivable. Loans and receivables are stated at amortized cost using the effective interest method, less any impairment.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Financial assets other than financial
assets at fair value through income, are subject testing for effects of impairment at the end of each period which is reported.
It is considered that financial assets are impaired when there is objective evidence that as a result of one or more events that
occurred after initial recognition of financial asset, the estimated future cash flows of the financial assets have been affected.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">The estimates and underlying assumption
are reviewed on a regular basis. The reviews at accounting estimates are recognized in the period of the review and future periods
if the review affects both current period and to subsequent periods.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Objective evidence of impairment could
include:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px">&ndash;</TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Significant financial
    difficulties of the issuer or counterparty, or</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&ndash;</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Non-payment of
    interest or principal, or</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&ndash;</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">It is likely that
    the borrower will enter bankruptcy of financial reorganization, or</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&ndash;</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The disappearance
    of an active market where quoted by the financial asset because of financial difficulties.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">For certain categories of financial
assets such as accounts receivables, assets that have been subjected to testing for effects impairment and have not been impaired
as individual, are included in the evaluation of impairment on a collective basis. Among the objective evidence that a portfolio
of accounts receivable may be impaired, you could include the past experience of the Company with respect to the collection, an
increase in the number of last payments in the portfolio in excess of the average credit period of 60 days as well as changes observable
in national and local economic conditions that correlate with default on payments.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">For financial assets carried at amortized
cost, the amount of impairment loss recognized is the difference between the book value of assets and present value of future cash
receipts discounted at the original effective interest rate of the asset financial.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">The carrying value of financial assets
is reduced by the impairment loss directly for all financial assets except for accounts receivable, where the carrying amount is
reduced through an account estimate for doubtful accounts. When you consider that a receivable is uncollectible, it is removed
from the estimate. The subsequent recovery of amounts previously deleted become claims against the estimate. Changes in the carrying
value of the account of the estimate is recognized in income.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Except for equity instruments available
for sale, if, in a subsequent period, the amount of the impairment loss decreases and this decrease can be related objectively
to an event that occurs after recognition of impairment, impairment loss previously recognized is reversed through income to the
extent that the carrying amount of investment to date reversed the impairment does not exceed the amortized cost would have been
if he had not recognized the damage.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">The company fails to recognize a financial
asset only when the contractual rights on the cash flows of financial assets, and transfers substantially all the risk and benefits
inherent to the ownership of financial assets. If the Company neither transfer not retains substantially all the risks and benefits
inherent to the ownership and continues to retain control of the asset transferred, the Company recognizes its interest in the
asset and liability associated to the amounts that would have to pay. If the Company retains substantially all risks and benefits
inherent in ownership of transferred financial asset, the Company continues to recognize the financial asset and also recognizes
collateral for loan funds received.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">When fully unknown a financial asset,
the difference in value of the asset and the amount of the consideration received and the cumulative gain or loss that has been
left to recognize in other comprehensive income (loss) and accumulated in the equity is recognized in income.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Not knowing a financial asset in part
(where the Company retains the option to repurchase part of a transferred asset, or retains a residual interest that does not result
in the retention of substantial risk and benefits property and the company retains control), the Company distributed the previous
value of the asset financial between the part that continues to be recognized and the part no longer recognized based on the fair
value of those parts of the date of transfer. The difference between the carrying amount allocated to the party is no longer recognized
and the amount of the consideration received by such party, and any cumulative gain or loss allocated to it has been recognized
in other comprehensive income (loss) will be recognized in income.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10px">&nbsp;</TD>
    <TD STYLE="width: 47px">s.</TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><B>Financial liabilities </B>&ndash; debt and equity instruments issued by the Company are classified as either financial liabilities or equity in accordance with the substance of the contractual arrangements and the definition of a financial liability and equity instrument. Financial liabilities are classified either as &ldquo;financial liabilities at fair value through income &ldquo;or&rdquo; other financial liabilities&rdquo;-</TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Financial liability at fair value
through income is a financial liability is classified as held trading or is designated as fair value through income.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 6pt 0; text-align: justify">A financial liability is classified
as held for trading if:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px">&nbsp;</TD>
    <TD STYLE="width: 24px">&ndash;</TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify">Is acquired principally for the purpose of repurchasing in the near future, or,</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 50%">&nbsp;</TD><TD STYLE="text-align: right; width: 50%"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px">&ndash;</TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">On initial recognition
    is part of identified financial instruments that are managed together and for which there is evidence of a recent pattern
    of making short-term profits, or</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&ndash;</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">It is a derivative
    not designed as hedges and meet the conditions to be effective.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 4.8pt 0 0; text-align: justify">A financial liability other than
a financial liability held for trading may be designated as an financial liability at fair value through profit or loss upon initial
recognition if:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&ndash;</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">This eliminates
    or significantly reduces an inconsistency in the valuation or recognition that would otherwise arise, or</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&ndash;</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The performance
    of a group of financial assets, financial liabilities or both is managed and evaluated on the basis of fair value, according
    to an investment strategy or risk management that the entity&acute;s documented, and provide internally about that group,
    based on their fair value or,</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&ndash;</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Part of a contract
    containing one or more embedded derivatives, and IAS 39, Financial instruments Recognition and Measurement, allow the entire
    hybrid contract (asset or liability) is designated as at fair value through income.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Financial liabilities at fair value
through income are recorded at fair value recognize any gain or loss arising from the remediation in the income statement. The
gain or loss recognized in the statement include any dividend or interest earned from the financial asset and is included under
the heading &ldquo;other gains and losses&rdquo; in the statement of comprehensive income.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Other financial liabilities, including
loans, are valued initially at fair value, net of transaction costs. The method of effective interest rate is a method of calculating
the amortized cost of a financial liability and of allocating interest expense over the relevant period. The effective interest
rate is the rate exactly discounts estimated cash payments over the expected life of the financial liability (or, where appropriate,
a short period) to the carrying amount financial liabilities on initial recognition.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">The Company writes off financial liabilities
if and only if, the Company&acute;s obligations are fulfilled, cancelled or expire. The difference between the carrying amount
of financial liability discharged from and the consideration paid and payable is recognized in earnings.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 10pt"></TD><TD STYLE="width: 47pt; text-align: left"><B>t.</B></TD><TD><B>Derivative financial instruments</B> &ndash; The Company
uses derivative financial instruments to manage its exposure to risk in the changes in natural gas prices, which is used for production,
conducting studies on historical volumes, future requirements or commitments, reducing the exposure to risks outside the normal
operation of the Company.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Derivatives are initially recognized
at fair value at the date the derivative contract subscribe and then remiden at fair value at the end of the reporting period.
The gain or loss is recognized in income immediately unless the derivative is designated and is effective as a hedging instrument,
in which case the timing of the recognition results depend on the nature of the hedging relationship.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">In order to mitigate the risks associated
with fluctuations in the price of natural gas, whose price is based on supply and demand from major markets, the Company uses exchange
contracts or swaps cash flow of natural gas, where price the Company receives floating and pays fixed price. Fluctuations in the
price of this energy input from consumed volumes are recognized as part of the operating costs of the Company.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">At the beginning of the hedging relationship,
the Company documents the relationship between the hedging instrument and hedged item, along with its risk management objective
and strategy of hedging transactions. Additionally, the inception of the hedge and on an ongoing basis, the Company documents whether
the hedging instrument is highly effective in offsetting the exposure to change in fair value or changes in cash flows of the hedged
item.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">The effective portion of changes in
the fair value of derivatives that are designated and qualify as cash flows hedges is recognized in other comprehensive income
and accumulated under the title of the fair value of derivative financial instruments, net of profit taxes. Gains and losses on
the ineffective portion of the hedging instrument is recognized instrument is recognized immediately in income, and is included
in other income (expense)</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">The Company periodically assesses
the changes in cash flows from derivative financial instruments to analyze if the swaps are highly effective in reducing exposure
to fluctuations in the price of natural gas. A hedging instrument is considered highly effective when changes in fair value or
cash flows of the primary position are compensated on a regular basis or as a whole, by changes in the fair value or cash flows
of the hedging instrument in a range between 80% and 125%.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Amounts previously recognized in other
comprehensive income and accumulated in equity are reclassified to earning in the periods when the hedged item is recognized in
income in the same area of the statement of comprehensive income of hedged item recognized. However, when a forecast transaction
that is covered gives rise to the recognition of a non-financial asset or liability is not financial gain or loss previously accumulated
in equity are transferred and include in the initial valuation of the cost of the asset does not financial or nonfinancial liabilities.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify">Hedge accounting is discontinued when
the Company reverses the hedging relationship, when the hedging instrument expires or is sold, terminated, or exercised, or no
longer meets the criteria for hedge accounting. Any cumulative gain or loss on the hedging instrument that is recognized in equity
remain in equity until the forecast transaction is ultimately recognized in the results. When no longer expects the forecast transaction
occurs, the cumulative gain or loss in equity is immediately reclassified the results.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35pt; text-align: right"><B><I>u.</I></B></TD><TD STYLE="width: 5pt"></TD><TD><B><I>Revenue recognition</I> </B><FONT STYLE="color: black"><I>&ndash;</I></FONT><B>
</B>Revenue is recognized in the period in which transfer the risks and benefits of inventories to customer who purchased them,
which usually coincides with the delivery of products to customers in fulfilling their orders. Net sales represent the goods sold
at list price, less returns received and discounts.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 56.7pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35pt; text-align: right"><B><I>v.</I></B></TD><TD STYLE="width: 5pt"></TD><TD><B><I>Segments Information</I> </B><FONT STYLE="color: black"><I>&ndash;</I></FONT><B>
</B>Segment information is presented in accordance with the region and due to the operation business is presented in accordance
with the information used by management for decision making purposes.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 35pt; text-align: right"><B>w.</B></TD><TD STYLE="width: 5pt"></TD><TD><B>Earnings (loss) per share</B><BR>
Income per share is calculated by dividing controlling net income or loss, by the weighted average shares outstanding during each
year presented.</TD>
</TR></TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="border-left: Black 1pt solid; border-right: Black 1pt solid; font-weight: bold; text-align: center; border-top: Black 1pt solid"><B>BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white; text-align: center">CLAVE DE COTIZACION: <FONT STYLE="font-size: 12pt"><B>SIMEC</B></FONT></TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>QUARTER: 3</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>YEAR 2012</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><B>GRUPO SIMEC, S.A.B. DE C.V</B></TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CONSOLIDADO</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>INVESTMENTS IN ASSOCIATES AND JOINT VENTURES</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold"><B>(THOUSAND PESOS)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>COMPANY NAME</B></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>PRINCIPAL ACTIVITY</B></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>NUMBER OF SHARES</B></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>% OWNERSHIP</B></TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>TOTAL AMOUNT</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>ACQUISITION COST</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CURRENT VALUE</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">SIMEC INTERNATIONAL</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">FABRICACION Y VENTA DE PROD. DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.99</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">ARRENDADORA SIMEC</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">FABRICACION Y VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">PACIFIC STEEL</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE CHATARRA</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">CIA SIDERURGICA DEL PACIFICO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">ARRENDADORA DE INMUEBLES</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.89</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">COORDINADORA DE SERVICIOS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">COMERCIALIZADORA SIMEC</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.99</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">INDUSTRIA DEL ACERO Y EL ALAMBRE</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">FABRICACION Y VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.99</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">PROCESADORA MEXICALI</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE CHATARRA</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.99</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">SERVICIOS SIMEC</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">SISTEMAS DE TRANSPORTE DE BAJA CALIFORNIA</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">TRANSPORTISTA</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">OPERADORA DE METALES</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">OPERADORA DE SERVICIOS SIDERURGICOS DE TLAXCALA</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">ADMINISTRADORA DE SERV SIDERURGICOS DE TLAXCALA</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">SIMREP</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">SUB-HOLDING</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">50.22</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">REPUBLIC ENGINEERED PRODUCTS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">FABRICACION Y VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">50.22</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">OPERADORA DE SERV DE LA INDUSTRIA SIDERURGICA</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">CSG COMERCIAL</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.95</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">COMER DE PROD DE ACEROS DE TLAXCALA</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.95</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">SIDERURGICA DE BAJA CALIFORNIA</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.95</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">COORPORACION ACEROS DM</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">SUB-HOLDING</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.99</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">PRODUCTOS SIDERURGICOS DE TLAXCALA</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">COMERCIALIZADORA MSAN</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">COMERCIALIZADORA ACEROS DM</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">PROMOTORA ACEROS SAN LUIS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">UNDER SHAFT</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">SUB-HOLDING</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">PROCESADORA INDUSTRIAL</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.99</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">CORPORATIVOS G&amp;DL</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">ACERO TRANSPORTE SAN</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">TRANSPORTISTA</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">SIMEC INTERNATIONAL 2 INC</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.99</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">SIMEC INTERNATIONAL 3 INC</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.99</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">SIMEC INTERNATIONAL 4 INC</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.99</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">SIMEC INTERNATIONAL 5 INC</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.99</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">SIMEC INTERNATIONAL 6</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">FABRICACION Y VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.99</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">SIMEC INTERNATIONAL 7</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">FABRICACION Y VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.99</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">SIMEC ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">SIMEC USA</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">PACIFIC STEEL PROJECTS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">SIMEC STEEL</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">PRESTACION DE SERVICIOS</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">100.00</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">CIA SIDERURGICA DE GUADALAJARA</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">FABRICACION Y VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.99</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">CORPORACION ASL</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">COMPRA VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.99</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">GV DO BRASIL</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">FABRICACION Y VENTA DE PROD DE ACERO</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">99.99</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-style: italic; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold"><B>TOTAL INVESTMENT IN ASSOCIATES</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD></TR>
</TABLE>
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<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="17" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="17" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white; padding-right: 1pt; padding-left: 1pt; text-align: center">CLAVE DE COTIZACION: <B><BR>
SIMEC</B></TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>QUARTER: 3</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>YEAR 2012</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><B>GRUPO SIMEC, S.A.B. DE C.V</B></TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; font-weight: bold; text-align: center"><B>CONSOLIDADO</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="17" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>BREAKDOWN OF CREDITS</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="17" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>(THOUSAND PESOS)</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid">&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>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>FOREIGN INSTITUTION (YES / NO)</B></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>CONTRACT SIGNING DATE</B></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>EXPIRATION DATE</B></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>INTEREST RATE</B></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>MATURITY OR AMORTIZATION OF CREDITS IN NATIONAL&nbsp;CURRENCY</B></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>MATURITY OR AMORTIZATION OF CREDITS IN FOREIGN&nbsp;CURRENCY</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CREDIT TYPE / INSTITUTION</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>TIME INTERVAL</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>TIME INTERVAL</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; font-weight: bold; text-align: center"><B>CURRENT YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; font-weight: bold; text-align: center"><B>UNTIL <BR>
1&nbsp;YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; font-weight: bold; text-align: center"><B>UNTIL <BR>
2&nbsp;YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; font-weight: bold; text-align: center"><B>UNTIL <BR>
3&nbsp;YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; font-weight: bold; text-align: center"><B>UNTIL <BR>
4&nbsp;YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; font-weight: bold; text-align: center"><B>UNTIL <BR>
5&nbsp;YEAR <BR>
OR&nbsp;MORE</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; font-weight: bold; text-align: center"><B>CURRENT YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; font-weight: bold; text-align: center"><B>UNTIL <BR>
1&nbsp;YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; font-weight: bold; text-align: center"><B>UNTIL <BR>
2&nbsp;YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; font-weight: bold; text-align: center"><B>UNTIL <BR>
3&nbsp;YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; font-weight: bold; text-align: center"><B>UNTIL <BR>
4&nbsp;YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; font-weight: bold; text-align: center"><B>UNTIL <BR>
5&nbsp;YEAR <BR>
OR&nbsp;MORE</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: windowtext 1pt solid; background-color: yellow; font-weight: bold; text-align: center"><B>BANKS</B></TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold"><B>FOREIGN TRADE</B></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold"><B>SECURED</B></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold"><B>COMERCIAL BANKS</B></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold"><B>OTHER</B></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center"><B>TOTAL BANKS</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; background-color: yellow; font-weight: bold; text-align: center"><B>STOCK MARKET</B></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>FOREIGN INSTITUTION (YES / NO)</B></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>CONTRACT SIGNING DATE</B></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>EXPIRATION DATE</B></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>INTEREST RATE</B></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>MATURITY OR AMORTIZATION OF CREDITS IN NATIONAL&nbsp;CURRENCY</B></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>MATURITY OR AMORTIZATION OF CREDITS IN FOREIGN&nbsp;CURRENCY</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>TIME INTERVAL</B></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>TIME INTERVAL</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>LISTED STOCK EXCHANGE (MEXICO AND / OR FOREIGN)</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CURRENT YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
1 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
2 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
3 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
4 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
5&nbsp;YEAR <BR>
OR&nbsp;MORE</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CURRENT YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
1 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
2 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
3 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
4 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
5&nbsp;YEAR <BR>
OR&nbsp;MORE</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold"><B>UNSECURED</B></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="background-color: white">
    <TD STYLE="vertical-align: bottom; border-left: windowtext 1pt solid; font-weight: bold"><B>MEDIUM TERM NOTES</B></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center">NO</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">3,881</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">0</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold"><B>SECURED</B></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><B>PRIVATE PLACEMENTS</B></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold"><B>UNSECURED</B></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold"><B>SECURED</B></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center"><B>TOTAL STOCK MARKET LISTED IN STOCK EXCHANGE AND PRIVATE PLACEMENT</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>3,881</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&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>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; border-bottom: black 1pt solid; background-color: yellow; font-weight: bold; text-align: center"><B>OTHER CURRENT AND NON-CURRENT LIABILITIES WITH COST</B></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>FOREIGN INSTITUTION (YES / NO)</B></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>DATE OF AGREEMENT</B></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>EXPIRATION DATE</B></TD>
    <TD STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>MATURITY OR AMORTIZATION OF CREDITS IN NATIONAL&nbsp;CURRENCY</B></TD>
    <TD COLSPAN="6" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>MATURITY OR AMORTIZATION OF CREDITS IN FOREIGN&nbsp;CURRENCY</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CURRENT YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
1 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
2 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
3 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
4 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
5 YEAR <BR>
OR MORE</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CURRENT YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
1 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
2 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
3 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
4 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
5 YEAR <BR>
OR MORE</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; font-weight: bold"><B>MISCELLANEOUS</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>NO</B></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; font-weight: bold">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; font-weight: bold">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; font-weight: bold">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>651,029</B></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: windowtext 1pt solid; background-color: white; font-weight: bold"><B>TOTAL OTHER CURRENT AND NON-CURRENT LIABILITIES WITH COST</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>651,029</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&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>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&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>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; border-bottom: black 1pt solid; background-color: yellow; font-weight: bold; text-align: center"><B>SUPPLIERS</B></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>FOREIGN INSTITUTION (YES / NO)</B></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>DATE OF AGREEMENT</B></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>EXPIRATION DATE</B></TD>
    <TD STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>MATURITY OR AMORTIZATION OF CREDITS IN NATIONAL&nbsp;CURRENCY</B></TD>
    <TD COLSPAN="6" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>MATURITY OR AMORTIZATION OF CREDITS IN FOREIGN&nbsp;CURRENCY</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CURRENT YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
1 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center"><B>UNTIL <BR>
2 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center"><B>UNTIL <BR>
3 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center"><B>UNTIL <BR>
4 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center"><B>UNTIL <BR>
5 YEAR <BR>
OR MORE</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CURRENT YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
1 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center"><B>UNTIL <BR>
2 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center"><B>UNTIL <BR>
3 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center"><B>UNTIL <BR>
4 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center"><B>UNTIL <BR>
5 YEAR <BR>
OR MORE</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>MISCELLANEOUS</B></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: center">NO</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">596,008</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>MISCELLANEOUS</B></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: center">NO</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; padding-right: 1pt; padding-left: 1pt; text-align: center">1,843,636</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>TOTAL SUPPLIERS</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>596,008</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>1,843,636</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center"><B>0</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; font-weight: bold; text-align: center"><B>OTHER CURRENT AND NON-CURRENT LIABILITIES</B></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>FOREIGN INSTITUTION (YES / NO)</B></TD>
    <TD STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>MATURITY OR AMORTIZATION OF CREDITS IN NATIONAL&nbsp;CURRENCY</B></TD>
    <TD COLSPAN="6" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>MATURITY OR AMORTIZATION OF CREDITS IN FOREIGN&nbsp;CURRENCY</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CURRENT YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
1 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
2 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
3 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
4 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
5 YEAR <BR>
OR MORE</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CURRENT YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
1 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
2 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
3 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
4 YEAR</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>UNTIL <BR>
5 YEAR <BR>
OR MORE</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>MISCELLANEOUS</B></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: center">NO</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: center">97,515</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">70,661</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>MISCELLANEOUS</B></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: center">NO</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: center">389,807</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">39,276</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>TOTAL OTHER <BR>
CURRENT AND <BR>
NON-CURRENT <BR>
LIABILITIES</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>97,515</B></TD>
    <TD STYLE="border: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>70,661</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>389,807</B></TD>
    <TD STYLE="border: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>39,276</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; font-weight: bold; text-align: center"><B>0</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold"><B>GENERAL TOTAL</B></TD>
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>693,523</B></TD>
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center"><B>70,661</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; font-weight: bold; text-align: center"><B>2,888,353</B></TD>
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center"><B>39,276</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <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 COLSPAN="2" STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="border: windowtext 1pt solid; background-color: red">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="background-color: white">&nbsp;Estas columnas no aplican para las secciones correspondientes</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 32 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; padding-bottom: 6pt; border-bottom: Black 4px solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 50%">&nbsp;</TD><TD STYLE="text-align: right; width: 50%"></TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 11pt"><B>BOLSA
    MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 235px; border-left: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font-size: 11pt">CLAVE
    DE COTIZACION: <B>SIMEC</B></FONT></TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 11pt"><B>GRUPO
    SIMEC, S.A.B. DE C.V</B></FONT></TD>
    <TD><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 11pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 11pt"><B>QUARTER: 3</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold"><FONT STYLE="font-size: 11pt"><B>YEAR 2012</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 11pt"><B>MONETARY
    FOREIGN CURRENCY POSITION</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-size: 11pt"><B>THOUSAND
    PESOS</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="6" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="background-color: #FFFF99">
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; border-bottom: black 1pt solid; font-style: italic; font-weight: bold; text-align: center"><B><I>FOREIGN CURRENCY POSITION</I></B></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>DOLLARS (1)</B></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>OTHER CURRENCIES</B></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>THOUSAND PESOS TOTAL</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>THOUSANDS OF DOLLARS</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>THOUSAND PESOS</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>THOUSANDS OF DOLLARS</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>THOUSAND PESOS</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold"><B>MONETARY ASSETS</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">757,816</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">9,739,533</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">9,739,533</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 18.35pt">CURRENT</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">757,816</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">9,739,533</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">9,739,533</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 18.35pt">NON CURRENT</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">0</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 18.35pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold"><B>LIABILITIES</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">227,545</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">2,927,629</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">2,927,629</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 18.35pt">SHORT TERM</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">224,738</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">2,888,353</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">2,888,353</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 18.35pt">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 18.35pt">LONG TERM</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">2,807</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">39,276</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">39,276</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; color: white">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; color: white">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; color: white">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; color: white">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold"><B>NET BALANCE</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">530,271</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">6,811,904</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">6,811,904</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4">(1) IN THE NOTES SECTION MUST SPECIFY THE CURRENCY AND EXCHANGE RATE</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-top: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="7" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold"><B>QUARTER: 3</B></TD>
    <TD STYLE="font-weight: bold; text-align: center"><B>YEAR 2012</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="7" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>DEBT INSTRUMENTS</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="7" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD COLSPAN="7" STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>FINANCIAL LIMITATIONS IN CONTRACT, ISSUED DEED AND / OR TITLE</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-left: windowtext 1pt solid">MEDIUM TERM NOTES</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid">A) Current assets to current liabilities must be 1.0 times or more</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid">B) Total liabilities to total assets do not be more than 0.60</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid">C) Operating income plus items added to income which do not require using cash must be 2.0 times or more</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid">This notes was offered in the international market</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD COLSPAN="7" STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>ACTUAL SITUATION OF FINANCIAL LIMITED</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-left: windowtext 1pt solid">MEDIUM TERM NOTES</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid">A) Accomplished the actual situation is 4.77 times</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid">B)Accomplished the actual situation is 0.21</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid">C)Accomplished the actual situation is 187.54</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid">As of September 30, 2012, the
    remaining balance of the MTNs not exchanged amounts to Ps. 3.9 Millions ($302.000&nbsp;dollars)</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid"></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD></TR>
</TABLE>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><B>BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center">CLAVE DE COTIZACION: <B>SIMEC</B></TD>
    <TD STYLE="width: 111px; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 111px; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 145px; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 145px; border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold"><B>GRUPO SIMEC, <BR>
S.A.B. DE C.V</B></TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold"><B>QUARTER: 3</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold"><B>YEAR 2012</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>DISTRIBUTION OF REVENUE BY PRODUCT</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>TOTAL INCOME</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>(THOUSAND PESOS)</B></TD></TR>
<TR STYLE="background-color: #FFFF99">
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-left: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>MAIN PRODUCTS OR PRODUCT LINE</B></TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>SALES</B></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>MARKET SHARE %</B></TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>MAIN</B></TD></TR>
<TR STYLE="background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>VOLUME</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>AMOUNT</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>TRADEMARKS</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>CUSTOMERS</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold; text-align: center"><B><I>DOMESTIC SALES</I></B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold"><B><I>COMMERCIAL PROFILES</I></B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>662</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>7,298,393</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold"><B><I>SPECIAL PROFILES</I></B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>366</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>4,511,166</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold"><B><I>OTHERS</I></B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0 </B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>168</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold"><B><I>TOTAL</I></B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>1,028</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>11,809,727</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>FOREIGN SALES</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold"><B><I>COMMERCIAL PROFILES</I></B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>93</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>1,141,754</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold"><B><I>SPECIAL PROFILES</I></B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>23</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>257,290</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold"><B><I>OTHERS</I></B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>42,165</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold"><B><I>TOTAL</I></B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>116</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>1,441,209</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>FOREIGN&nbsp; SUBSIDIARIES</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold"><B><I>SPECIAL PROFILES</I></B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>598</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>10,167,302</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; font-style: italic; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold"><B>T&nbsp; O&nbsp; T&nbsp; A&nbsp; L</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>1,742</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>23,418,238</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold">&nbsp;</TD></TR>
</TABLE>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="10" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><B>BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-left: windowtext 1pt solid; background-color: white">CLAVE DE COTIZACION: <FONT STYLE="font-size: 11pt"><B>SIMEC</B></FONT></TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="3" STYLE="border-left: windowtext 1pt solid; font-weight: bold"><B>GRUPO SIMEC, S.A.B. DE C.V</B></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold"><B>QUARTER: 3</B></TD>
    <TD STYLE="font-weight: bold"><B>YEAR 2012</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; font-weight: bold"><B>CONSOLIDADO</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="10" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>ANALYSIS OF PAID CAPITAL STOCK</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 72px; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 100px; border-right: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="10" STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>CHARACTERISTICS OF THE SHARES</B></TD></TR>
<TR STYLE="background-color: #FFFF99">
    <TD ROWSPAN="2" STYLE="border-left: windowtext 1pt solid; border-bottom: black 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>SERIES</B></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; font-weight: bold; text-align: center"><B>NOMINAL VALUE<BR>
($)</B></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="border-left: windowtext 1pt solid; border-bottom: black 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>VALID COUPON</B></TD>
    <TD COLSPAN="4" STYLE="border-bottom: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>NUMBER OF SHARES</B></TD>
    <TD COLSPAN="2" STYLE="border-bottom: windowtext 1pt solid; border-right: black 1pt solid; font-weight: bold; text-align: center"><B>CAPITAL SOCIAL</B></TD></TR>
<TR STYLE="background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>FIXED PORTION</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>VARIABLE PORTION</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><B>MEXICAN</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>FREE SUBSCRIPTION</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><B>FIXED</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>VARIABLE</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">B</TD>
    <TD STYLE="text-align: center">0</TD>
    <TD COLSPAN="2" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; text-align: center">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">90,850,050</TD>
    <TD STYLE="text-align: center">406,859,164</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right">0</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">497,709,214</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">&nbsp;441,786&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right">1,978,444</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD>
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    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
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    <TD COLSPAN="2" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; text-align: center">&nbsp;</TD>
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    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
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    <TD COLSPAN="2" STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-right: black 1pt solid; text-align: center">&nbsp;</TD>
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    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
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    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold"><B>TOTAL</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-right: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>90,850,050</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>406,859,164</B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; font-weight: bold; text-align: center"><B>0</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>497,709,214</B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; font-weight: bold; text-align: center"><B>&nbsp;441,786&nbsp;</B></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; font-weight: bold; text-align: center"><B>1,978,444</B></TD></TR>
<TR STYLE="vertical-align: bottom">
    <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 STYLE="vertical-align: bottom">
    <TD COLSPAN="8">TOTAL NUMBER OF SHARES REPRESENTING THE CAPITAL STOCK OF THE DATE OF SENDING THE INFORMATION:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border: windowtext 1pt solid; font-weight: bold; text-align: center"><B>497,709,214</B></TD></TR>
<TR STYLE="vertical-align: bottom">
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    <TD>&nbsp;</TD></TR>
</TABLE>


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