<SEC-DOCUMENT>0000891092-13-003261.txt : 20130412
<SEC-HEADER>0000891092-13-003261.hdr.sgml : 20130412
<ACCEPTANCE-DATETIME>20130412115941
ACCESSION NUMBER:		0000891092-13-003261
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20121231
FILED AS OF DATE:		20130412
DATE AS OF CHANGE:		20130412

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:		13758064

	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>e53123_6k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
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<TITLE></TITLE>
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<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"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Washington</B></FONT><B>,
D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in"><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; text-indent: 0.5in"><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; text-indent: 0.5in"><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; text-indent: 0.5in">&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;December
&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; text-indent: 0.5in">&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&#8217;s Name Into
English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in">&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 &#8220;Yes&#8221; 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; text-indent: 0.5in">&nbsp;</P>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&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; text-indent: 0.5in">&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"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>GRUPO SIMEC, S.A.B. de C.V.</U></FONT></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: 10pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT STYLE="font-size: 10pt">(Registrant)</FONT></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: 28%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 20%; 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 STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Date: April 11, 2012.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;By:</FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><U>/s/ Luis Garc&iacute;a Lim&oacute;n</U></FONT></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: 10pt Times New Roman, Times, Serif">Name:&nbsp;&nbsp; Luis Garc&iacute;a Lim&oacute;n</FONT></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: 10pt Times New Roman, Times, Serif">Title:&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer</FONT></TD></TR>
</TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD STYLE="width: 63%; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 10pt Courier New, Courier, Monospace"><B>PRESS RELEASE</B></FONT></TD>
    <TD STYLE="width: 37%; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font: 11pt Times New Roman, Times, Serif">Contact: Sergio Vigil Gonz&aacute;lez</FONT></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: 11pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;Mario Moreno Cortez</FONT></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: 11pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;Grupo Simec, S.A.B. de C.V.</FONT></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: 11pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-size: 11pt">Calzada L&aacute;zaro C&aacute;rdenas 601</FONT></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: 11pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;44440 Guadalajara, Jalisco, M&eacute;xico</FONT></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: 11pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;52 55 1165 1025</FONT></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: 11pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;52 33 3770 6734</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0"><B>GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE TWELVE MONTH
PERIOD ENDED DECEMBER 31, 2012</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 12pt Times New Roman, Times, Serif">GUADALAJARA,
MEXICO, April 11, 2013- Grupo Simec, S.A.B. de C.V. (NYSE: SIM) (&#8220;Simec&#8221;) </FONT><FONT STYLE="font-size: 11pt">announced
today its results of operations Audited for the twelve-month period ended December 31, 2012 and December 31, 2011</FONT>.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Twelve-Month Period Ended December 31, 2012
compared to Twelve-Month Period Ended December 31, 2011</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 5pt 0; text-align: justify">&nbsp;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Net sales increased 1% by the combination of
higher sales of Special Bars &#8220;SBQ&#8221;, shipments of less finished steel products by 1% and the average sales price per
ton of 2% compared the same period of 2011, the sale rose from Ps. 29,270 millions in the twelve-month period ended December 31,
2011 to Ps. 29,524 millions in the same period of 2012. Shipments of finished steel products decrease 1% to 2 million 262 thousand
tons in the twelve-month period ended December 31, 2012 compared to 2 million 288 thousand tons in the same period of 2011. Total
sales outside of Mexico in the twelve-month period ended December 31, 2012 decreased 12% to Ps. 13,774 million compared with Ps.15,654
millions in the same period of 2011. Total sales in Mexico increased 16% from Ps. 13,616 millions in the twelve-month period ended
December 31, 2011 to Ps. 15,750 millions in the same period of 2012. The increase in sales is due to the increase of the average
sales price of 2%.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cost of sales increased 2% from Ps. 25,563
millions in the twelve-month period ended December 31, 2011 to Ps. 25,960 millions in the same period of 2012. Cost of sales as
a percentage of net sales in the twelve months ended on December 31 of 2012 and 2011, cost of sales represented 88% on both periods.
The average cost of finished steel produced in the twelve-month period ended December 31, 2012 compared to the same period of 2011
increased approximately 3% by higher sales of SBQ steel.</P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Gross profit of the Company in the twelve-month
period ended December 31, 2012 was of Ps. 3,564 million compared to Ps. 3,707 millions in the same period of 2011. Gross profit
as a percentage of net sales represented 12% in the twelve-month period ended December 31, 2012and 13% in the same period of 2011.
The decrease in the gross profit is due to a cost of sales major over the products shipped in 2012, compared with the same period
of 2011.</P>

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

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


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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Selling, general and administrative expenses
increased 17% from Ps. 1,050 millions in the twelve-month period ended December 31, 2011 to Ps. 1,228 million in the same period
of 2012, representing 4% respect of net sales in both periods.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The company recorded other net expenses of
Ps. 114 millions in the twelve-month period ended December 31, 2011 compared to other incomes net of Ps. 181 millions in the same
period of 2012.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Operating income decreased 1% from Ps. 2,543
million for the twelve-month period ended December 31, 2011 to Ps. 2,517 millions in the same period of 2012. Operating income
as a percentage of net sales was 9% in the twelve-month period ended December 31, 2011, and 8% in the same period of 2012. The
decrease in operating income is due to an increase in selling, general and administrative expenses.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The EBITDA of the Company increase 1% from
Ps. 3,493 millions in the twelve-month prior ended December 31, of 2011, to Ps. 3,529 millions in the same period of 2012.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Comprehensive financial cost in the twelve-month
period ended December 31, 2012 represented a net expense of Ps. 509 million compared with a net income of Ps. 584 millions in the
same period of 2011. The net interest was an income of Ps 1 million in 2012 compared with a net interest of Ps. 2 millions in the
twelve-month period ended December 31, 2011. As a result, we registered a net exchange loss of Ps. 510 millions in the twelve-month
period ended December 31, 2012 compared with a net exchange gain of Ps. 582 millions in the same period of 2011, reflecting a 7%
increase in the value of the peso versus the dollar in the twelve-month period ended December 31, 2012 compared to December 31,
2011.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company have recorded an expense net income
tax of Ps. 54 millions in the twelve-month period ended December 31, 2012 (including the expense of deferred income tax of Ps.
70 millions) compared with an expense net of Ps. 149 millions in the same period of 2011 (including the expense tax deferred of
Ps. 236 millions).</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Net Income (loss) (After Minority Interest)</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of the foregoing, net income decreased
by 28% from Ps. 2,892 millions in the twelve-month period ended December 31, 2011 to a net income of Ps. 2,070 millions in the
same period of 2012.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Liquidity and Capital Resources</I></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2012, Simec&#8217;s total
consolidated debt consisted of U.S. $302,000 of 8 7/8% medium-term notes (&#8220;MTN's&#8221;) due 1998, Ps. 3.9 million (accrued
interest on December 31, 2012 was U.S. $499,837 or Ps. 6.5 millions). As of December 31, 2011, Simec&#8217;s total consolidated
debt consisted</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">of U.S. $302,000 of 8 7/8% medium-term notes
(&#8220;MTN's&#8221;) due 1998, Ps. 4.2 million (accrued interest on December 31, 2011 was U.S. $472,824, or Ps. 6.6 millions).</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Comparative fourth quarter 2012 vs third quarter
2012</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Net sales decreased 15% from Ps. 7,153 millions
in the third quarter of 2012 to Ps. 6,106 million for the fourth quarter of 2012. Sales in tons decreased from 558 thousand ton
in the third quarter of 2012 to 520 thousand ton in the fourth quarter of the same period a decrease of 7%. Total sales outside
of Mexico for the fourth quarter of 2012 decreased 32% from Ps. 3,188 millions in the third quarter to Ps. 2,166 millions in the
four quarter of 2012. Sales in Mexico diminish to 3,940 million in the fourth quarter of 2012 compared Ps. 3,965 millions in the
third quarter of 2012 an decrease of 1%. Prices of finished products sold in the fourth quarter of 2012 decreased approximately
8% compared to the third quarter of the same period.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cost of sales was of Ps. 6,007 millions in
the fourth quarter of 2012 compared to Ps. 6,093 million for the third quarter of 2012. With respect to sales, in the fourth quarter
of 2012, the cost of sales represented 98% for the fourth quarter of 2012 while for the third quarter of 2012 was of 85%. The average
cost of sales by ton increased 6% in the fourth quarter of 2012 versus the third quarter of 2012.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Gross profit of the Company for the fourth
quarter of 2012 decreased 91% to Ps. 99 million compared to Ps. 1,060 millions in the third quarter of 2012. The gross profit as
a percentage of net sales for the fourth quarter was of 2% and 15% for the third quarter of 2012.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Selling, general and administrative expenses
increased 39% to Ps. 362 millions in the fourth quarter of 2012 compared to Ps. 261 million for the third quarter of 2012. Selling,
general and administrative expenses as a percentage of net sales represented 6% during the fourth quarter of 2012 4% for the third
quarter of 2012.</P>

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

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

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

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


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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Operating loss was of Ps 76 million in the
fourth quarter of 2012 compared to an operating income of Ps. 802 millions in the third quarter of 2012. The operating loss as
a percentage of net sales in the fourth quarter of 2012 represented -4% while the operating income for the third quarter of 2012
represented 11%.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The <I>EBITDA</I> was Ps. 1,033 millions in
the third quarter of 2012 compared to Ps. 200 million for the fourth quarter of 2012 due to the above explained.</P>

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

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Comprehensive financial cost for the fourth
quarter for 2012 was a net loss of Ps. 295 million compared with a net loss of Ps. 187 million for the third quarter of 2012. The
net interest income in the third and fourth quarter of 2012 was of Ps. zero. At the same time we registered an exchange net loss
of Ps. 187 millions in the third quarter of 2012 compared with an exchange net loss of Ps. 295 millions in the fourth quarter of
2012.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Income Taxes for the fourth quarter of 2012
had an expense net income tax of Ps. 89 million (including an expense tax deferred for Ps. 105 millions) compared to an expense
of Ps. 14 million for the third quarter of 2012, (including an expense tax deferred of Ps. 29 millions).</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Net Income (loss) (After Minority Interest)</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of the foregoing, the Company had
a net loss of Ps. 283 millions in the fourth quarter of 2012 compared to Ps. 576 million of net income in the third quarter of
2012.</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Comparative fourth quarter 2012 vs fourth quarter
2011</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Net sales decreased 22% from Ps. 7,836 million
for the fourth quarter of 2011 to Ps. 6,106 million for the fourth quarter of 2012. Sales in tons of finished steel in the fourth
quarter of 2011 were 558 thousand tons versus to 520 thousand tons in the fourth quarter of 2012. Total sales outside of Mexico
decrease 45% from Ps. 3,958 million for the fourth quarter of 2011 to Ps. 2,166 millions in the fourth quarter of 2012. Sales in
Mexico increased 2% from Ps. 3,878 millions in the fourth quarter of 2011 to Ps. 3,940 millions in the fourth quarter of 2012.
The average sales prices of finished products sold in the fourth quarter of 2012 decreased approximately 16% compared to the fourth
quarter of 2011.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cost of sales decreased 9% from Ps. 6,629 millions
in the fourth quarter of 2011 compared to Ps. 6,007 million for the fourth quarter of 2012. With respect to sales, in the fourth
quarter of 2012, the cost of sales represented 98% compared to 85% for the fourth quarter of 2011. The average cost of steel products
decreased 3% in the fourth quarter of 2012 versus the fourth quarter of 2011.</P>

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

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


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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Gross profit for the fourth quarter of 2012
decreased 92% from Ps. 1,207 millions in the fourth quarter of 2011 compared to an income of Ps. 99 millions in the fourth quarter
of 2012. The gross profit as a percentage of net sales for the fourth quarter of 2012 was 2% compared with 15% for the fourth quarter
of 2011.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Selling, general and administrative expenses
increased 2% from Ps. 356 millions in the fourth quarter of 2011 compared to Ps. 362 million for the fourth quarter of 2012. Selling,
general and administrative expenses as a percentage of net sales represented 6% during the fourth quarter of 2012 and 5% during
the fourth quarter of 2011.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The company recorded other net expense of Ps.
135 millions in the fourth quarter of 2011 compared with other incomes net of Ps. 187 million for the fourth quarter of 2012.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Operating loss was of Ps. 76 millions in the
fourth quarter of 2012 compared to an operating income of Ps. 716 millions in the fourth quarter of 2011. The operating loss as
a percentage of net sales in the fourth quarter of 2012 was -4% compared to 9% of operating income in the fourth quarter of 2011.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The EBITDA from the fourth quarter of 2012
decreased 76% from Ps 843 million in the fourth quarter of 2011 to Ps 200 million in the fourth quarter of 2012.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Comprehensive financial cost for the fourth
quarter of 2012 was a net loss of Ps. 295 million compared with an income of Ps 261 million in the fourth quarter of 2011. Net
interest expense was Ps. zero in the fourth quarter of 2012 compared with a net expense of Ps. 5 millions in the fourth quarter
of 2011. At the same time we registered a net exchange loss of Ps. 295 millions in the fourth quarter of 2012 compared with an
exchange gain of Ps. 265 millions in the fourth quarter of 2011.</P>

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

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recorded an income taxes for the
fourth quarter of 2012 was an expense of Ps. 89 million (including an expense of deferred income tax of Ps 105 millions), compared
to a net income of Ps. 293 million for the fourth quarter of 2011, (including an income of deferred income tax of Ps. 108 millions).</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Net Income (loss) (After Minority Interest)</I></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of the foregoing, the Company recorded
a net loss of Ps. 283 millions in the fourth quarter of 2012 compared to Ps. 1,314 million of net income in the fourth quarter
of 2011.</P>

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



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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: navy">
    <TD NOWRAP STYLE="width: 48%; border: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif; 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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif; color: white"><B>12M &#8216;12</B></FONT></TD>
    <TD NOWRAP STYLE="width: 4%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; 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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif; color: white"><B>12M &#8216;11</B></FONT></TD>
    <TD STYLE="width: 5%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif; color: white"><B>Year 12 vs </B></FONT><BR>
<FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif; color: white"><B>&nbsp;'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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Sales</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">29,524</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">29,270</FONT></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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">1%</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Cost of Sales</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">25,960</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">25,563</FONT></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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">2%</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Gross Profit</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3,564</FONT></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; vertical-align: middle"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3,707</FONT></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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(4%)</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Selling, General and Administrative Expense</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,228</FONT></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; vertical-align: middle"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,050</FONT></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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">17%</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Other Income (Expenses), net</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">181</FONT></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; vertical-align: middle"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(114)</FONT></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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(259%)</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Operating Profit</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,517</FONT></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; vertical-align: middle"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,543</FONT></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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(1%)</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">EBITDA</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3,529</FONT></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; vertical-align: middle"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3,493</FONT></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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">1%</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Net income&nbsp;&nbsp;</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,070</FONT></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; vertical-align: middle"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,892</FONT></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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(28%)</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Sales Outside Mexico</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">13,774</FONT></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; vertical-align: middle"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">15,654</FONT></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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(12%)</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Sales in Mexico</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">15,750</FONT></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; vertical-align: middle"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">13,616</FONT></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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">16%</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Total Sales (Tons)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,262</FONT></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; vertical-align: middle"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,288</FONT></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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(1%)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 38%; border: windowtext 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Quarter</B></FONT></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">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 13%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; 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; 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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif; color: white"><B>(million of pesos)</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif; color: white"><B>4Q&#8216;12</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif; color: white"><B>3Q &#8216;12</B></FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif; color: white"><B>4Q &#8216;11</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif; color: white"><B>4Q&acute;12vs </B></FONT><BR>
<FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif; color: white"><B>3Q&acute;12</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif; color: white"><B>4Q&acute;12 vs </B></FONT><BR>
<FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif; color: white"><B>4Q '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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Sales</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">6,106</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">7,153</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,836</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(15%)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(22%)</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Cost of Sales</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">6,007</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">6,093</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,629</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(1%)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(9%)</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Gross Profit</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">99</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,060</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,207</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(91%)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(92%)</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Selling, General and Adm. Expenses</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">362</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">261</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">39%</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">2%</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Other Income (Expenses), net</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">187</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(135)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">6,133%</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(239%)</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Operating Profit</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(76)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">802</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;716</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(109%)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(111%)</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">EBITDA</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">200</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,033</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;843</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(81%)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(76%)</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Net Income</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(283)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">576</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,314</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(149%)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(122%)</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Sales Outside Mexico</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,166</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3,188</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,958</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(32%)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(45%)</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Sales in Mexico</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3,940</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3,965</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,878</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; vertical-align: middle; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(1%)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">2%</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"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">Total Sales (Tons)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">520</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">558</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;558</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(7%)</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 9pt Arial, Helvetica, Sans-Serif">(7%)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, 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; text-align: center"><FONT STYLE="font: 8pt 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: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Thousand of Tons </B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Jan-Dec 2012</B></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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>Million of Pesos<BR>
Jan-Dec 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: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Average Price per Ton </B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Jan-Dec</B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>2012</B></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: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Thousand of Tons </B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Jan &#8211; Dec 2011</B></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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>Million of Pesos<BR>
Jan- Dec 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: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Average Price per Ton<BR>
Jan-Dec</B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>2011</B></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; text-align: center">&nbsp;</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; text-align: center">&nbsp;</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; text-align: center">&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 STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Commercial Profiles</B></FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,057</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">11,332</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">10,721</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">908</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">9,611</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">10,585</FONT></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 STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Special Profiles</B></FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,205</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">18,192</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">15,097</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">1,380</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">19,659</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">14,246</FONT></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">&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">&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">&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 STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Total </B></FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,262</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">29,524</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">13,052</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,288</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">29,270</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">12,793</FONT></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">&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: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 22%; border: windowtext 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font: 8pt 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: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Thousand of Tons </B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Oct-Dec 2012</B></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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>Million of Pesos<BR>
Oct-dec 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: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Average Price per Ton </B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Oct-Dec 2012</B></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: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Thousand of Tons </B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Jul-Sep</B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>2012</B></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">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Million of Pesos Jul-Sep</B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>2012</B></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: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Average Price per Ton </B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Jul-Sep</B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>2012</B></P></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">
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Thousand of Tons Oct-Dec</B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>2011 </B></P></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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>Million of Pesos<BR>
Oct-Dec &nbsp;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: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Average Price per Ton Oct-Dec</B></P>
        <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>2011</B></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 STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Commercial Profiles</B></FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">302</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,850</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">9,437</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">254</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,819</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">11,098</FONT></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 Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">240</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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">2,825</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">11,771</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 STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Special Profiles</B></FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">218</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3,256</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">14,930</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">304</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">4,334</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">14,260</FONT></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 Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">&nbsp;</P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: right">318</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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">5,011</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">15,758</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">&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">&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">&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 STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Total </B></FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">520</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">6,106</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">11,742</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">558</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">7,153</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">12,821</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">558</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">7,836</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">14,042</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">&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: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 0.25in; text-align: justify">&nbsp;</P>

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

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

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

<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; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 67%; border-top: black 1pt solid; border-left: black 1pt solid; padding-left: 6pt; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 6pt; text-align: center"><FONT STYLE="font: 12pt Tahoma, Helvetica, Sans-Serif"><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: black 1pt solid; padding-left: 6pt"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>CLAVE DE COTIZACION: </B></FONT><B><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">SIMEC&nbsp;</FONT></B></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>QUARTER: 4</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>YEAR 2012</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-left: black 1pt solid; border-right: black 1pt solid; padding-left: 6pt; text-align: center"><FONT STYLE="font: 12pt Tahoma, Helvetica, Sans-Serif"><B>&nbsp;STATEMENTS OF FINANCIAL POSITION</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 6pt"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>GRUPO SIMEC, S.A.B. DE C.V&nbsp;</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 6pt; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 6pt; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>CONSOLIDADO</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; padding-left: 6pt; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>(THOUSAND PESOS)</B></FONT></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; border-right: 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">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>ENDING CURRENT QUARTER</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>ENDING PREVIOUS YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>BEGINNING PREVIOUS YEAR&nbsp;</B></FONT></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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>ACCOUNT</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>Amount</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>Amount</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>Amount</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>TOTAL ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>32,456,785</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>31,119,051</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>27,147,341</B></FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>TOTAL CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>17.319.940</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>16,198,768</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>12,186,995</B></FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">CASH AND CASH EQUIVALENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">8,102,314</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">6,537,088</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,384,917</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">SHORT-TERM INVESTMENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; AVAILABLE-FOR-SALE INVESTMENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; TRADING INVESTMENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; HELD-TO-MATURITY INVESTMENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">TRADE RECEIVABLES, NET</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,215,648</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,031,679</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,465,208</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; TRADE RECEIVABLES&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,450,168</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,296,377</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,702,587</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; ALLOWANCE FOR DOUBTFUL ACCOUNTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-234,520</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-264,698</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-237,379</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">OTHER RECEIVABLES, NET</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">526,043</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">677,989</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">857,485</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; OTHER RECEIVABLES&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">526,043</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">677,989</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">857,485</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; ALLOWANCE FOR DOUBTFUL ACCOUNTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">INVENTORIES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">6,234,216</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">5,758,027</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">5,216,677</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">BIOLOGICAL CURRENT ASSETS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">OTHER CURRENT ASSETS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">241,719</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">193,985</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">262,708</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; PREPAYMENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; DERIVATIVE FINANCIAL INSTRUMENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; ASSETS AVAILABLE FOR SALE</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; DISCONTINUED OPERATIONS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; RIGHTS AND LICENSES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; OTHER</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">241,719</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">193,985</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">262,708</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>TOTAL NON-CURRENT ASSETS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>15,136,845</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>14,920,283</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>14,960,346</B></FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">ACCOUNTS RECEIVABLE, NET</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">INVESTMENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; INVESTMENTS IN ASSOCIATES AND JOINT VENTURES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; HELD-TO-MATURITY INVESTMENTS&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; AVAILABLE-FOR-SALE INVESTMENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; OTHER INVESTMENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">PROPERTY, PLANT AND EQUIPMENT, NET</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">9,776,411</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">9,346,394</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">9,274,620</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; LAND AND BUILDINGS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">4,081,274</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">4,171,787</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,800,468</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; MACHINERY AND INDUSTRIAL EQUIPMENT</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">14,465,533</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">13,785,628</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">12,962,472</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; OTHER EQUIPMENT</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">293,922</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">267,596</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">233,810</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; ACCUMULATED DEPRECIATION</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-9,587,376</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-8,956,772</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-8,209,565</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; CONSTRUCTION IN PROGRESS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">523,058</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">78,155</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">487,435</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">INVESTMENT PROPERTY</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">BIOLOGICAL NON- CURRENT ASSETS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">INTANGIBLE ASSETS, NET</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,672,775</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,781,849</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">4,079,758</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; GOODWILL</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,814,160</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,814,160</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,814,160</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; TRADEMARKS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">329,600</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">404,952</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">396,089</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; RIGHTS AND LICENSES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">18,145</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">81,981</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">179,376</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; CONCESSIONS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; OTHER INTANGIBLE ASSETS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,510,870</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,480,756</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,690,133</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">DEFERRED TAX ASSETS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">OTHER NON-CURRENT ASSETS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,687,659</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,792,040</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,605,968</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; PREPAYMENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; DERIVATIVE FINANCIAL INSTRUMENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; EMPLOYEE BENEFITS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; AVAILABLE FOR SALE ASSETS&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; DISCONTINUED OPERATIONS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; DEFERRED CHARGES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; OTHER</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,687,659</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,792,040</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,605,968</FONT></TD></TR>
</TABLE>

<!-- Field: Page; Sequence: 10 -->
    <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: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-left: 6pt; text-align: justify; border-top: Black 1pt solid; width: 64%"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>TOTAL LIABILITIES</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: bottom; text-align: right; width: 12%"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>6,789,403</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: right; border-top: Black 1pt solid; width: 12%"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>6,987,599</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: right; border-top: Black 1pt solid; width: 12%"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>6,686,580</B></FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>TOTAL CURRENT LIABILITIES</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>3,737,130</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>3,822,757</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>3,898,606</B></FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">BANK LOANS</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">STOCK MARKET LOANS</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,922</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">4,225</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,732</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">OTHER LIABILITIES WITH COST</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">658,204</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">707,453</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">602,168</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">TRADE PAYABLES</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,330,479</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,294,701</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,162,801</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">TAXES PAYABLE</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">241,727</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">246,247</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">434,220</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; INCOME TAX PAYABLE</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; OTHER TAXES PAYABLE</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">241,727</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">246,247</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">434,220</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">OTHER CURRENT LIABILITIES&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">502,798</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">570,131</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">695,685</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; INTEREST PAYABLE</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">6,492</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">6,615</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">5,503</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; DERIVATIVE FINANCIAL INSTRUMENTS</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,075</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">35,456</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">79,708</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; DEFERRED REVENUE&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; EMPLOYEE BENEFITS</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; PROVISIONS</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; padding-left: 6pt"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">&nbsp;&nbsp; CURRENT LIABILITIES RELATED TO AVAILABLE FOR SALE ASSETS</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; DISCONTINUED OPERATIONS</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; OTHER</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">495,231</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">528,060</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">610,474</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>TOTAL NON-CURRENT LIABILITIES</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>3,052,273</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>3,164,842</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>2,787,974</B></FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">BANK LOANS</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">STOCK MARKET LOANS</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">OTHER LIABILITIES WITH COST</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">DEFERRED TAX LIABILITIES</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,967,641</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,048,882</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,673,896</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">OTHER NON-CURRENT LIABILITIES</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">84,632</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">115,960</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">114,078</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; DERIVATIVE FINANCIAL INSTRUMENTS</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; DEFERRED REVENUE&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; vertical-align: bottom; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
</TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-right: windowtext 1pt solid; border-left: black 1pt solid; border-bottom: black 1pt solid; padding-left: 6pt; text-align: justify"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; EMPLOYEE BENEFITS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">77,869</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">67,773</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">63,075</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; PROVISIONS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-left: black 1pt solid; padding-left: 6pt"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">&nbsp;&nbsp; NON-CURRENT LIABILITIES RELATED TO AVAILABLE FOR SALE ASSETS&nbsp;</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; DISCONTINUED OPERATIONS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; OTHER</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">6,763</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">48,187</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">51,003</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>TOTAL EQUITY</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>25,667,382</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>24,131,452</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>20,460,761</B></FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">EQUITY ATTRIBUTABLE TO OWNERS OF PARENT</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">23,815,684</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">21,965,463</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">18,623,489</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">CAPITAL STOCK</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,832,268</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,832,268</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,832,268</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">SHARES REPURCHASED</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">PREMIUM ON ISSUANCE OF SHARES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">4,153,850</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">4,153,850</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">4,153,850</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">OTHER CONTRIBUTED CAPITAL&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">RETAINED EARNINGS (ACCUMULATED LOSSES)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">16,662,517</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">14,592,535</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">11,700,720</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; LEGAL RESERVE</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; OTHER RESERVES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,000,000</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">200,612</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">200,612</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; RETAINED EARNINGS&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">13,592,535</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">11,500,108</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">11,500,108</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; NET INCOME FOR THE PERIOD</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,069,982</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,891,815</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; OTHER</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">ACCUMULATED OTHER COMPREHENSIVE INCOME (NET OF TAX)</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-167,049</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">386,810</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-63,349</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; GAIN ON&nbsp; REVALUATION OF PROPERTIES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; ACTUARIAL GAINS&nbsp; (LOSSES) FROM LABOR OBLIGATIONS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; FOREING CURRENCY TRANSLATION</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">168,109</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">413,170</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; CHANGES IN THE VALUATION OF FINANCIAL ASSETS AVAILABLE FOR SALE</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; CHANGES IN THE VALUATION OF DERIVATIVE FINANCIAL INSTRUMENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-1,060</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-26,360</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-63,349</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; CHANGES IN FAIR VALUE OF OTHER ASSETS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; SHARE OF OTHER COMPREHENSIVE INCOME&nbsp; OF ASSOCIATES AND JOINT VENTURES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; OTHER COMPREHENSIVE INCOME</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-left: black 1pt solid; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">NON-CONTROLLING INTERESTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,851,698</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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,165,989</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,837,272</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-left: black 1pt solid; padding-left: 6pt">&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD STYLE="width: 60%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
</TABLE>
<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>
    <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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>Informational data (not a part of the STATEMENTS OF FINANCIAL POSITION)</FONT></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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>ENDING CURRENT QUARTER</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: #FFFF99; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>ENDING PREVIOUS YEAR</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: #FFFF99; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>BEGINNING PREVIOUS YEAR&nbsp;</B></FONT></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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>Amount</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; border-right: windowtext 1pt solid; background-color: #FFFF99; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>Amount</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; border-right: windowtext 1pt solid; background-color: #FFFF99; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>Amount</B></FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">SHORT-TERM FOREIGN CURRENCY LIABILITIES</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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,795,797</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,218,645</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,766,198</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">LONG</FONT><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: red">-</FONT><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">TERM FOREIGN CURRENCY LIABILITIES</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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">7,596</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">48,188</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">51,010</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">CAPITAL STOCK (NOMINAL)</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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,420,230</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,420,230</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,420,230</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">RESTATEMENT OF CAPITAL STOCK</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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">412,038</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">412,038</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">412,038</FONT></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: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<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; border-top: Black 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica">PLAN ASSETS FOR</FONT><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"> PENSIONS AND SENIORITY PREMIUMS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; border-bottom: Black 1pt solid; border-left: windowtext 1pt solid; text-align: right; border-top: Black 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; border-right: windowtext 1pt solid; text-align: right; border-top: Black 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; border-right: windowtext 1pt solid; text-align: right; border-top: Black 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">NUMBER OF EXECUTIVES (+) </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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">55</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">54</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">54</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">NUMBER OF EMPLOYEES (+)</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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,629</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,519</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,443</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">NUMBER OF WORKERS (+)</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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,402</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,113</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,864</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">OUTSTANDING SHARES (+)</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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">497,709,214</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">497,709,214</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">497,709,214</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">REPURCHASED SHARES (+)</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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">RESTRICTED CASH (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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">GUARANTEED DEBT OF ASSOCIATED COMPANIES</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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">658,204</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">707,453</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">602,168</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">(1) This concept must be filled when there are guarantees or restrictions </FONT><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">that affect cash and cash equivalents</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">(*) Data in units</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&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: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, 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; text-align: center"><FONT STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><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; padding-left: 6pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">CLAVE DE COTIZACION: </FONT><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>SIMEC</B></FONT></TD>
    <TD STYLE="width: 112px">&nbsp;</TD>
    <TD STYLE="width: 93px"><FONT STYLE="font: 11pt Arial, Helvetica, Sans-Serif"><B>QUARTER: 4</B></FONT></TD>
    <TD STYLE="width: 115px; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>YEAR 2012</B></FONT></TD>
    <TD STYLE="width: 83px; border-right: windowtext 1pt solid; 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; text-align: center"><FONT STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><B>STATEMENTS OF COMPREHENSIVE INCOME</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; padding-left: 6pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>GRUPO SIMEC, S.A.B. DE C.V</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>CONSOLIDADO</B></FONT></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; padding-left: 6pt">&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; padding-left: 6pt; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>(THOUSAND PESOS)</B></FONT></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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>ACCOUNT</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>CURRENT YEAR</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>PREVIOUS YEAR</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>ACCUMULATED</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>QUARTER</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>ACCUMULATED</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>QUARTER</B></FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">REVENUE</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">29,523,967</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">6,105,729</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">29,270,498</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">7,836,347</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; SERVICES</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; SALE OF GOODS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">29,523,967</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">6,105,729</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">29,270,498</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">7,836,347</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; INTERESTS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; ROYALTIES</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; DIVIDENDS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; LEASES</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; CONSTRUCTIONS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; OTHER REVENUE</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">COST OF SALES</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">25,960,164</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">6,006,438</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">25,563,488</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">6,628,880</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>GROSS PROFIT</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,563,803</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">99,291</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,707,010</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,207,467</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">GENERAL EXPENSES</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,228,322</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">362,476</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,049,953</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">355,933</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>PROFIT (LOSS) BEFORE OTHER INCOME (EXPENSE), NET</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,335,481</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-263,185</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,657,057</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">851,534</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">OTHER INCOME (EXPENSE), NET</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">181,229</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">186,503</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-113,706</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-135,443</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>OPERATING PROFIT (LOSS) </B></FONT><B><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(*)</FONT></B></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,516,710</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-76,682</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,543,351</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">716,091</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; FINANCE INCOME</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">23,594</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">5,307</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">607,765</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">274,489</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; INTEREST INCOME</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">23,594</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">5,307</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">26,135</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">9,158</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; GAIN ON FOREIGN EXCHANGE, NET</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">581,630</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">265,331</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; GAIN ON DERIVATIVES, NET</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; GAIN ON CHANGE IN FAIR VALUE OF FINANCIAL INSTRUMENTS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; OTHER FINANCE INCOME</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; FINANCE COSTS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">532,924</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">300,699</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">23,725</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">13,973</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; INTEREST EXPENSE</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">23,025</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">5,276</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">23,725</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">13,973</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; LOSS ON FOREIGN EXCHANGE, NET</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">509,899</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">295,423</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; LOSS ON DERIVATIVES, NET</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; LOSS ON CHANGE IN FAIR VALUE OF FINANCIAL INSTRUMENTS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; OTHER FINANCE COSTS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>FINANCE INCOME (COSTS), NET</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-509,330</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-295,392</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">584,040</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">260,516</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">SHARE OF PROFIT (LOSS) OF ASSOCIATES AND JOINT VENTURES</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>PROFIT (LOSS) BEFORE INCOME TAX</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,007,380</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-372,074</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,127,391</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">976,607</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">INCOME TAX EXPENSE</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">53,632</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">88,503</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">148,830</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-292,981</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; CURRENT TAX</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-15,982</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-16,466</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-86,837</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-185,244</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; DEFERRED TAX</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">69,614</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">104,969</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">235,667</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-107,737</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>PROFIT (LOSS) FROM CONTINUING OPERATIONS</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,953,748</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-460,577</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,978,561</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,269,588</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">PROFIT (LOSS) FROM DISCONTINUED OPERATIONS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>NET PROFIT (LOSS)</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,953,748</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-460,577</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,978,561</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,269,588</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; PROFIT (LOSS) ATTRIBUTABLE TO NON-CONTROLLING INTERESTS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-116,234</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-177,269</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">86,746</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-44,425</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; PROFIT (LOSS) ATTRIBUTABLE TO OWNERS OF PARENT</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,069,982</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-283,308</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,891,815</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,314,013</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; 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="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: black 1pt solid; padding-left: 6pt"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">BASIC EARNINGS (LOSS) PER SHARE</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">DILUTED EARNINGS (LOSS) PER SHARE</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<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 COLSPAN="5" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><B>OTHER COMPREHENSIVE INCOME</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; padding-left: 6pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>(NET OF INCOME TAX)</B></FONT></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; 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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>NET PROFIT (LOSS)</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,953,748</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-460,577</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,978,561</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,269,588</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>DISCLOSURES NOT BE RECLASSIFIED ON INCOME</B></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>
    <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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">PROPERTY REVALUATION GAINS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; ACTUARIAL EARNINGS (LOSS) FROM LABOR OBLIGATIONS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">SHARE OF INCOME ON REVALUATION ON PROPERTIES OF ASSOCIATES AND JOINT VENTURES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>DISCLOSURES MAY BE RECLASSIFIED SUBSEQUENTLY TO INCOME</B></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>
    <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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; FOREING CURRENCY TRANSLATION</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; CHANGES IN THE VALUATION OF FINANCIAL ASSETS HELD-FOR-SALE</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; CHANGES IN THE VALUATION OF DERIVATIVE FINANCIAL INSTRUMENTS</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; CHANGES IN FAIR VALUE OF OTHER ASSETS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">SHARE OF OTHER COMPREHENSIVE INCOME&nbsp; OF ASSOCIATES AND JOINT VENTURES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; OTHER COMPREHENSIVE INCOME</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>TOTAL OTHER COMPREHENSIVE INCOME</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; 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="border-left: black 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">&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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>TOTAL COMPREHENSIVE INCOME&nbsp;</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,953,748</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-460,577</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,978,561</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,269,588</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; COMPREHENSIVE INCOME, ATTRIBUTABLE TO NON-CONTROLLING INTERESTS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-116,234</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-177,269</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">86,746</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-44,425</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp; COMPREHENSIVE INCOME, ATTRIBUTABLE TO OWNERS OF PARENT</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,069,982</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-283,308</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,891,815</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,314,013</FONT></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 STYLE="vertical-align: bottom">
    <TD STYLE="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">&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; padding-left: 6pt; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>Informational data (not part of the statement)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>CURRENT YEAR</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>PREVIOUS YEAR</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>ACCUMULATED</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>QUARTER</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>ACCUMULATED</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>QUARTER</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; padding-left: 6pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">OPERATING DEPRECIATION AND AMORTIZATION</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,012,022</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">276,791</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">949,516</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">126,793</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: black 1pt solid; border-bottom: windowtext 1pt solid; padding-left: 6pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">EMPLOYEE PROFIT SHARING EXPENSE</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>Informative data (12 Months)</B></FONT></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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>YEAR</B></FONT></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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>CURRENT</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #FFFF99; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>PREVIOUS</B></FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">REVENUE NET (**)</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">29,523,967</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">29,270,498</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">OPERATING PROFIT (LOSS) (**)</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,516,710</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,543,351</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">PROFIT (LOSS) ATTRIBUTABLE TO OWNERS OF PARENT(**)</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,069,982</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,891,815</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">NET PROFIT (LOSS) (**)</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,953,748</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,978,561</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">OPERATING DEPRECIATION AND AMORTIZATION (**)</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 6pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(*) TO BE DEFINED BY EACH COMPANY</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 6pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(**) INFORMATION FOR THE LAST 12 MONTHS</FONT></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>
</TABLE>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, 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; padding-left: 6pt; text-align: center">&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="3" STYLE="border-left: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><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: 12pt Arial, Helvetica, Sans-Serif">CLAVE DE COTIZACION: <B>SIMEC</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>YEAR 2012</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid">
        <P STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>QUARTER: 4</B></P>
        <P STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-left: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><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; text-align: center"><FONT STYLE="font: 12pt Arial, Helvetica, Sans-Serif"><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; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>CONSOLIDADO</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-left: 6pt; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>(THOUSAND PESOS)</B></FONT></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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>CONCEPTS</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>CURRENT YEAR</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>PREVIOUS YEAR</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>Amount</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>Amount</B></FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>OPERATING ACTIVITIES</B></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></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="font: 8pt Arial, Helvetica, Sans-Serif"><B>PROFIT (LOSS) BEFORE INCOME TAX</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,007,380</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,127,391</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+(-) ITEMS NOT REQUIRING CASH</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">9,436</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">6,778</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+ ESTIMATE FOR THE PERIOD</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">9,436</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">6,778</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+ PROVISION FOR THE PERIOD</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+(-) OTHER UNREALISED ITEMS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+(-) ITEMS RELATED TO INVESTING ACTIVITIES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,422,324</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">382,761</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">DEPRECIATION AND AMORTISATION FOR THE PERIOD</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,012,022</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">949,516</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-)+ GAIN OR LOSS ON SALE OF PROPERTY, PLANT AND EQUIPMENT</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+(-) LOSS (REVERSAL) IMPAIRMENT</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-)+ EQUITY IN RESULTS OF ASSOCIATES AND JOINT VENTURES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-) DIVIDENDS RECEIVED</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-) INTEREST RECEIVED</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-23,594</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-26,135</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-) EXCHANGE FLUCTUATION</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">479,862</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-664,023</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-45,966</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">123,403</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+(-) ITEMS RELATED TO FINANCING ACTIVITIES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">23,025</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">23,725</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(+) ACCRUED INTEREST</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">23,025</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">23,725</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(+) EXCHANGE FLUCTUATION</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(+) DERIVATIVE TRANSACTIONS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border: windowtext 1pt solid; padding-left: 6pt; text-align: justify"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B><I>CASH FLOWS BEFORE INCOME TAX</I></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,462,165</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,540,655</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: windowtext 1pt solid; padding-left: 6pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">192,410</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-586,381</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+(-) DECREASE (INCREASE) IN TRADE ACCOUNTS RECEIVABLE</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">725,462</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-436,933</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+(-) DECREASE (INCREASE) IN INVENTORIES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-712,039</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">15,095</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+(-) DECREASE (INCREASE) IN OTHER ACCOUNTS RECEIVABLE</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">70,062</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">365,017</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+(-) INCREASE (DECREASE) IN TRADE ACCOUNTS PAYABLE</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">153,189</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-45,518</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+(-) INCREASE (DECREASE) IN OTHER LIABILITIES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-44,264</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-477,120</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 6pt; text-align: justify"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+(-) INCOME TAXES PAID OR RETURNED</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-6,922</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: windowtext 1pt solid; padding-left: 6pt"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B><I>NET CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES</I></B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,654,575</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,954,274</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>INVESTING ACTIVITIES</B></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></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">NET CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-1,507,021</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-440,065</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-) PERMANENT INVESTMENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+ DISPOSITION OF PERMANENT INVESTMENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-) INVESTMENT IN PROPERTY, PLANT AND EQUIPMENT</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-1,303,974</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-432,000</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+ SALE OF PROPERTY, PLANT AND EQUIPMENT</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-) TEMPORARY INVESTMENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+ DISPOSITION OF TEMPORARY INVESTMENTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-) INVESTMENT IN INTANGIBLE ASSETS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+ DISPOSITION OF INTANGIBLE ASSETS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-) ACQUISITIONS OF </FONT><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">VENTURES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+ DISPOSITIONS OF </FONT><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif;">VENTURES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+ DIVIDEND RECEIVED</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+ INTEREST RECEIVED</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">23,594</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">26,135</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+(-) DECREASE (INCREASE) ADVANCES AND LOANS TO THIRD PARTS</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-226,641</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-34,200</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>FINANCING ACTIVITIES</B></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></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-23,025</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">13</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+ BANK FINANCING</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+ STOCK MARKET FINANCING</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+ OTHER FINANCING</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">74,963</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-) BANK FINANCING AMORTISATION</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-) STOCK MARKET FINANCING AMORTISATION</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: windowtext 1pt solid; padding-left: 6pt; text-align: justify; border-top: Black 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-) OTHER FINANCING AMORTISATION</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: right; border-top: Black 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: right; border-top: Black 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-51,225</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+(-) INCREASE (DECREASE) IN CAPITAL STOCK</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-) DIVIDENDS PAID</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+ PREMIUM ON ISSUANCE OF SHARES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">+ CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-) INTEREST EXPENSE</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-23,025</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-23,725</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-) REPURCHASE OF SHARES</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(-)+ OTHER INFLOWS (OUTFLOWS) OF CASH</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Arial, Helvetica, Sans-Serif"><B><I>NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS</I></B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,124,529</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,514,222</FONT></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="font: 8pt Arial, Helvetica, Sans-Serif"><B><I>EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS</I></B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">-559,303</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">637,949</FONT></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="font: 8pt Arial, Helvetica, Sans-Serif">CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">6,537,088</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,384,917</FONT></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="font: 8pt Arial, Helvetica, Sans-Serif"><B><I>CASH AND CASH EQUIVALENTS AT END OF PERIOD</I></B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">8,102,314</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">6,537,088</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 6pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, 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; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>QUARTER: 4</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>YEAR 2012</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.</B></FONT><BR>
<FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>STATEMENTS OF CHANGES IN EQUITY&nbsp;</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">CLAVE DE COTIZACION: </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>SIMEC</B></FONT></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: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; 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: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>GRUPO SIMEC, S.A.B. DE C.V</B></FONT></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: black 1pt solid; text-align: center">&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; 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; text-align: center"><FONT STYLE="font: 8pt Calibri, Helvetica, Sans-Serif"><B>(THOUSAND PESOS)</B></FONT></TD></TR>
<TR STYLE="background-color: #FFFF99">
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: black 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>CONCEPTS</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>CAPITAL STOCK</B></FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: black 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>SHARES REPURCHASED</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>PREMIUM ON ISSUANCE OF SHARES</B></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES</B></FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>BALANCE AT ___________</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,832,268</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">4,153,850</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">RETROSPECTIVE ADJUSTMENTS</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>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: #FFC000"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">APPLICATION OF COMPREHENSIVE INCOME&nbsp; TO RETAINED EARNINGS</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">REPURCHASE OF SHARES</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="background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(DECREASE) INCREASE IN PREMIUM ON ISSUE OF SHARES</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(DECREASE) INCREASE</FONT><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"> IN</FONT><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"> NON-CONTROLLING INTERESTS</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">OTHER CHANGES</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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">COMPREHENSIVE INCOME&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">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>BALANCE AT ___________</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #00B050; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,832,268</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #00B050; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #00B050; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">4,153,850</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #00B050; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>BALANCE AT ___________</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,832,268</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">4,153,850</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 8pt Arial, Helvetica, Sans-Serif">RETROSPECTIVE ADJUSTMENTS</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>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: #FFC000"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">APPLICATION OF COMPREHENSIVE INCOME TO RETAINED EARNINGS</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">REPURCHASE OF SHARES</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="background-color: white">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(DECREASE) INCREASE IN PREMIUM ON ISSUE OF SHARES</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(DECREASE) INCREASE</FONT><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"> IN</FONT><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"> NON-CONTROLLING INTERESTS</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">OTHER CHANGES</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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">COMPREHENSIVE INCOME&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">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; background-color: white"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>BALANCE AT ___________</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #00B050; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,832,268</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #00B050; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #00B050; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">4,153,850</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: #00B050; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, 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; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>QUARTER: 3</B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>YEAR 2012</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.</B></FONT><BR>
<FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>STATEMENTS OF CHANGES IN EQUITY&nbsp;</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">CLAVE DE COTIZACION: </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>SIMEC</B></FONT></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: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; 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: black 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>GRUPO SIMEC, S.A.B. DE C.V</B></FONT></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: black 1pt solid; text-align: center">&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; 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; text-align: center"><FONT STYLE="font: 8pt Calibri, Helvetica, Sans-Serif"><B>(THOUSAND PESOS)</B></FONT></TD></TR>
</TABLE>
<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>
    <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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>EQUITY ATTRIBUTABLE TO OWNERS OF PARENT</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; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>NON-CONTROLLING INTERESTS</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; background-color: #FFFF99; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>TOTAL EQUITY</B></FONT></TD></TR>
<TR STYLE="background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>RESERVES</B></FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>UNAPPROPRIATED EARNINGS </B></FONT><BR>
<FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>(ACCUMULATED LOSSES)</B></FONT></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; 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">200,612</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">11,500,108</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">(63,349)</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">18,623,489</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,837,272</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">20,460,761</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,891,815</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">450,159</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,341,974</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">328,717</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">3,670,691</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">200,612</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">14,391,923</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">386,810</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">21,965,463</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,165,989</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">24,131,452</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">200,612</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">14,391,923</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">386,810</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">21,965,463</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">2,165,989</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">24,131,452</FONT></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">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green; text-align: right">&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; 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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;799,388</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-799,388</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&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;-219,761</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-219,761</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-198,057</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;-417,818</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,069,982</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,069,982</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-116,234</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: green"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;1,953,748</FONT></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"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,000,000</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">15,662,517</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">167,049</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">23,815,684</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">1,851,698</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">25,667,382</FONT></TD></TR>
</TABLE>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&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: 10px">&nbsp;</TD>
    <TD STYLE="width: 38px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase"><B>1.</B></FONT></TD>
    <TD><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; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 6pt 28.35pt; text-align: justify"><B><I>Nature of business</I></B>
<B><I>&#8211;</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 &#8220;SBQ&#8221; 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; margin: 0pt 0pt 6pt 28.35pt; text-align: justify">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; margin: 0pt 0pt 6pt 28.35pt; text-align: justify">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, &#8220;Initial Adoption of International Financial Reporting Standards&#8221;. 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: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10px">&nbsp;</TD>
    <TD STYLE="width: 38px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif; color: #1A171B"><B>2.</B></FONT></TD>
    <TD><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; 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; text-indent: 0.5in">&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; color: #1A171B">a.</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1A171B"><B>The consolidated financial statements-</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; text-indent: 0.5in">&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 fourth quarter ended December 31, 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; text-indent: 0.5in">&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 December 31,
2011.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 46.35pt; color: #1A171B; text-indent: 0.5in">&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; color: #1A171B">b.</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1A171B"><B>Historic Cost</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; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 6pt; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #333333">c.</FONT></TD>
    <TD STYLE="padding-bottom: 6pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Consolidated Base</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></FONT></TD></TR>
<TR>
    <TD COLSPAN="3">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
<TR>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 40%">&nbsp;</TD>
    <TD STYLE="width: 52%">&nbsp;</TD></TR>
</TABLE>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 46.35pt; text-align: justify; text-indent: 0pt">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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in">&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 &#8220;Financial Instruments Recognition and Measurement&#8221;, 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; text-indent: 0.5in">&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; text-indent: 0.5in">&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">-Assets and liabilities deferred
income tax liabilities or assets and related agreements, employee benefits are recognized and valued in accordance with IAS 12,
&#8220;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">-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, &#8220;Share based payment&#8221; and.</P>

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


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 6pt 35.4pt; text-align: justify; text-indent: 0pt">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 &#8220;period of valuation&#8221;, 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 &#8220;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; text-indent: 0.5in">&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 Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1.7pt 0pt 0pt 35.4pt; text-align: justify; text-indent: 0pt">At December
31, 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 Arial, Helvetica, Sans-Serif; margin: 0.8pt 0 0; text-indent: 0.5in">&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; text-indent: 0.5in">&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: 72%; padding-top: 4.05pt; padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Subsidiaries established in Mexico:</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: #ACA89A 1.5pt solid; border-bottom: #ACA89A 1.5pt solid; padding-top: 4.05pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2011/2012</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: #ACA89A 1.5pt solid; border-bottom: #ACA89A 1.5pt solid; padding-top: 4.05pt; padding-right: 30.75pt; padding-left: 30.9pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>2010</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Compa&ntilde;&iacute;a Sider&uacute;rgica de Guadalajara, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-top: 4.05pt; padding-left: 26.5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD>
    <TD STYLE="padding-top: 4.05pt; padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Arrendadora Norte de Matamoros S.A. de C.V. (1)</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Arrendadora Simec, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Simec International, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Compa&ntilde;&iacute;a Sider&uacute;rgica del Pac&iacute;fico, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 26.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Coordinadora de Servicios Sider&uacute;rgicos de Calidad, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Industrias del Acero y del Alambre, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 26.5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Procesadora Mexicali, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 26.5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Servicios Simec, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Sistemas de Transporte de Baja California, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Operadora de Servicios Sider&uacute;rgicos de Tlaxcala, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Operadora de Metales, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Administradora de Servicios Sider&uacute;rgicos de Tlaxcala, S.A., de C.V.</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Comercializadora Simec, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">CSG Comercial, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 26.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.95%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.95%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Corporativos G&amp;DL S.A. de C.V.(2)</FONT></TD>
    <TD STYLE="padding-left: 26.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Comercializadora de Productos de Acero de Tlaxcala, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 26.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.95%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.95%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Sider&uacute;rgica de Baja California, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 26.5pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.95%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.95%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Operadora de Servicios de la Industria Sider&uacute;rgica ICH, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Productos Sider&uacute;rgicos de Tlaxcala, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Comercializadora MSAN, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Simec International 2, Inc (3)</FONT></TD>
    <TD STYLE="padding-left: 26.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Simec International 3, Inc. (3) </FONT></TD>
    <TD STYLE="padding-left: 26.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Corporaci&oacute;n Aceros DM, S. A. de C. V. y Subsidiarias (4)</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Simec International 4, Inc. (3) y (4)</FONT></TD>
    <TD STYLE="padding-left: 26.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Simec International 5, Inc. (3) y (4)</FONT></TD>
    <TD STYLE="padding-left: 26.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Acero Transportes San, S. A. de C. V. (4)</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Simec Acero, S.A. de C.V.</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Corporaci&oacute;n ASL, S. A. de C. V. (2)</FONT></TD>
    <TD STYLE="padding-left: 26.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Simec International 6, S. A. de C. V. (2)</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Simec International 7, S. A. de C. V. (2)</FONT></TD>
    <TD STYLE="padding-left: 26.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Orge, S. A. de C. V. (10)</FONT></TD>
    <TD STYLE="padding-left: 26.55pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>99.99%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 26.55pt">&nbsp;</TD>
    <TD STYLE="padding-left: 2pt; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <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>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 26.5pt"><B>50.22%</B></P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0; text-align: center">&nbsp;</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-top: 0; margin-bottom: 0; text-align: center"><B>50.22%</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pacific Steel, Inc. (6)</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Pacific Steel Projects, Inc. (6)</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Simec Steel, Inc. (6)</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Simec USA, Corp. (6)</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 2pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Undershaft Investments, NV. (8)</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font: 10pt Times New Roman, Times, Serif">GV do Brasil Industria e Comercio de Aco LTDA (9)</FONT></TD>
    <TD STYLE="padding-left: 24.05pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></TD>
    <TD STYLE="padding-left: 2pt; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>100.00%</B></FONT></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">&nbsp;</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">&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">(2)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</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">&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: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&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">(3)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</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">&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">(4)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</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 &#8221;Grupo San&#8221;.</FONT></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">(5)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The parent Company ICH it&#8217;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">&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">(6)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</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">&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">(7)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</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">&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">(8)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</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">&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">(9)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</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>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 6pt; text-align: right"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">(10)</FONT></TD>
    <TD STYLE="padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Entities established in 2012.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1.7pt 0 0; text-indent: 0.5in">&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">d</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Cost and Expenses Classification - 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; text-indent: 0.5in">&nbsp;</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; text-indent: 0.5in">&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"><B>a.</B></FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Conversion of financial Statement of Foreign Subsidiaries</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 23.3pt; text-indent: 0.5in">&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; text-indent: 0.5in">&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>&#8220;The Effects of Changes in Foreign Exchange Rates&#8221;</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; text-indent: 0.5in">&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; text-indent: 0.5in">&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">&nbsp;</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">&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: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif; color: #1A171B">b.</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">The historical exchange rate at stockholders&#8217; 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">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 6pt 44pt; text-align: justify; text-indent: 0pt">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 Times New Roman, Times, Serif">1)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</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">&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: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">2)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt; text-align: justify">&nbsp;</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&#8217; equity accounts, at the historical exchange rate,</FONT></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: 81px; padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">3)</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt; text-align: justify">&nbsp;</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>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 78pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<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; text-indent: 0.5in">&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: 9%">&nbsp;</TD>
    <TD STYLE="width: 63%; padding-right: 5.4pt; padding-left: 15.85pt; text-indent: -13pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Current exchange rate as of December 31, 2012</FONT></TD>
    <TD STYLE="width: 28%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">12.9880</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 15.85pt; text-indent: -13pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Current exchange rate as of December 31, 2011</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">13.9904</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 15.85pt; text-indent: -13pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Current exchange rate as of January 1, 2011</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">12.3571</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 15.85pt; text-indent: -13pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Weighted average exchange rate for the year ended December &nbsp;31, 2012</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;13.1652</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 15.85pt; text-indent: -13pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Weighted average exchange rate for the year ended December 31, 2011</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;12.4939</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.6pt 0 0; text-align: justify; text-indent: 0.5in">&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"><B>b.</B></FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Cash and cash equivalents</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.85pt 0 0; text-align: justify; text-indent: 0.5in">&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; text-indent: 0.5in">&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"><B>c.</B></FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Allowances for doubtful accounts</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.95pt 0 0; text-indent: 0.5in">&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; text-indent: 0.5in">&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"><B>d.</B></FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Inventories and cost of sales</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.95pt 0 0 0.5in; text-align: justify; text-indent: 0.5in">&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; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 6pt 44pt; text-align: justify; text-indent: 0pt">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; text-indent: 0.5in">&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; text-indent: 0.5in">&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"><B>e.</B></FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Property Plant and equipment</B>- 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.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<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; text-indent: 0.5in">&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; text-indent: 0.5in">&nbsp;</P>
















































<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 72%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 2.85pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: #ACA89A 1.5pt solid; "><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Years</B></FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 2.85pt">&nbsp;</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: #A0A0A0; text-indent: 0.5in">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 2.85pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Buildings</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">10 to 65</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 2.85pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Machinery and equipment</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">5 to 40</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 2.85pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Transportation equipment</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">4</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD STYLE="padding-left: 2.85pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Furniture, mixtures and computer equipment</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">3 to 10</FONT></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"><B>f.</B></FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Leasing</B>- 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.</FONT></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; text-indent: 0.5in">&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: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&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"><B>g.</B></FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Borrowing Cost</B>. 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.</FONT></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; text-indent: 0.5in">&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"><B>h.</B></FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Intangible assets</B>- 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.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 28.35pt; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</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">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</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">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</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">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</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">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</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">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in">&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: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><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</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; text-indent: 0.5in">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>j.</B></FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Impairment</B> of tangible and intangible assets excluding goodwill- 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></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify; text-indent: 0.5in">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><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> -. 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; text-indent: 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; text-indent: 0.5in">&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; text-indent: 0.5in">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>l.</B></FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Cost of retirement benefits</B>. 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.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 46.35pt; text-align: justify; text-indent: 0.5in">&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</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.4pt; text-align: justify">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; text-indent: 0.5in">&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; text-indent: 0.5in">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><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>- 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; text-indent: 0.5in">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><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</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; text-indent: 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>- 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 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; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0.5in; text-align: justify"><B>Deferred Income Tax</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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 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 and deferred
income tax period</B>. 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</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.4pt; text-align: justify">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; text-indent: 0.5in">&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</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; text-indent: 0.5in">&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> - 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; text-indent: 0.5in">&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: 23px; padding-bottom: 6pt"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">o</FONT></TD>
    <TD STYLE="width: 10px; padding-bottom: 6pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-bottom: 6pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Foreign currency transaction</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.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify; text-indent: 0.5in">&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: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">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,</FONT></TD></TR>
</TABLE>
<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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</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">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</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">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<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: 10px">&nbsp;</TD>
    <TD STYLE="width: 47px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>p.</B></FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Financial Instruments</B> &#8211; assets and liabilities are recognized when the Company is part of the contractual provisions of the instrument.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 6pt 4.8pt 6pt 35.25pt; text-align: justify">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 CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10px">&nbsp;</TD>
    <TD STYLE="width: 47px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">q-</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Financial assets- Financial assets are classified into the following specific categories, &#8220;financial assets at fair value through income&#8221;, &#8220;preserved at maturity investment&#8221;, &#8220;financial assets available for sale&#8221; 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.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.25pt; text-align: justify">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</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.25pt; text-align: justify">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; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.25pt; text-align: justify">The Company has no financial
assets classified as &#8220;financial assets at fair value through income&#8221;, &#8220;preserved at maturity investments&#8221;
or &#8220;financial assets available for sale&#8221;,</P>

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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 35.25pt; text-align: justify">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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></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">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</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">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</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">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</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">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 4.8pt 0pt 0pt; text-align: justify; text-indent: 0pt">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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in">&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: 10px">&nbsp;</TD>
    <TD STYLE="width: 47px"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">s.</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>Financial liabilities </B>&#8211; 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 &#8220;financial liabilities at fair value through income &#8220;or&#8221; other financial liabilities&#8221;-</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify; text-indent: 0.5in">&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; text-indent: 0.5in">&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: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 216px">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></TD>
    <TD STYLE="padding-right: 4.8pt; text-align: justify"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">Is acquired principally for the purpose of repurchasing in the near future, or,</FONT></TD></TR>
</TABLE>
<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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</FONT></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">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</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; text-indent: 0.5in">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</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">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</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">&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">&nbsp;</TD>
    <TD STYLE="width: 24px"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">-</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; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 4.8pt 0pt 0pt; text-align: justify; text-indent: 0pt">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 &#8220;other gains and losses&#8221; 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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 4.8pt 0 0; text-align: justify"><B>t&#9;Derivative financial instruments</B>
&#8211; 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.</P>

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

<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; text-indent: 0.5in">&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; text-indent: 0.5in">&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; text-indent: 0.5in">&nbsp;</P>


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

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.25in; text-align: justify"><B><I>u.&#9;Revenue recognition</I> </B><FONT STYLE="color: black"><I>&#8211;</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.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 56.7pt; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.25in; text-align: justify"><B><I>V.&#9;Segments Information</I> </B><FONT STYLE="color: black"><I>&#8211;</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.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 0.25in; text-indent: 0.5in">&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: 0.25in"></TD><TD STYLE="width: 0.25in; text-align: left"><B>w.</B></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>

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



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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 31%; border-top: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 28%; border-top: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 8%; border-top: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 10%; border-top: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-top: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 12%; border-top: windowtext 1pt solid; 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; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><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; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">CLAVE DE COTIZACION: </FONT><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>SIMEC</B></FONT></TD>
    <TD STYLE="background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>QUARTER: 4</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>YEAR 2012</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>GRUPO SIMEC, S.A.B. DE C.V</B></FONT></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"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>CONSOLIDADO</B></FONT></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; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>INVESTMENTS IN ASSOCIATES AND JOINT VENTURES</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid">&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">&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; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>(THOUSAND PESOS)</B></FONT></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; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>COMPANY NAME</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>PRINCIPAL ACTIVITY</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>NUMBER OF SHARES</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>% OWNERSHIP</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>TOTAL AMOUNT</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>ACQUISITION COST</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>CURRENT VALUE</B></FONT></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: left; vertical-align: top"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">SIMEC INTERNATIONAL</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">FABRICACION Y VENTA DE PROD. DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.99</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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: left; vertical-align: top"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">ARRENDADORA SIMEC</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">FABRICACION Y VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">PACIFIC STEEL</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE CHATARRA</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">CIA SIDERURGICA DEL PACIFICO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">ARRENDADORA DE INMUEBLES</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.89</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">COORDINADORA DE SERVICIOS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">PRESTACION DE SERVICIOS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">COMERCIALIZADORA SIMEC</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.99</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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: left; vertical-align: top"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">INDUSTRIA DEL ACERO Y EL ALAMBRE</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">FABRICACION Y VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.99</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">PROCESADORA MEXICALI</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE CHATARRA</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.99</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">SERVICIOS SIMEC</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">PRESTACION DE SERVICIOS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">SISTEMAS DE TRANSPORTE DE BAJA CALIFORNIA</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: left; vertical-align: top"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">TRANSPORTISTA</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">OPERADORA DE METALES</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">PRESTACION DE SERVICIOS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">OPERADORA DE SERVICIOS SIDERURGICOS DE TLAXCALA</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: left; vertical-align: top"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">PRESTACION DE SERVICIOS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">ADMINISTRADORA DE SERV SIDERURGICOS DE TLAXCALA</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: left; vertical-align: top"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">PRESTACION DE SERVICIOS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">SIMREP</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">SUB-HOLDING</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">50.22</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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: left; vertical-align: top"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">REPUBLIC ENGINEERED PRODUCTS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">FABRICACION Y VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">50.22</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">OPERADORA DE SERV DE LA INDUSTRIA SIDERURGICA</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: left; vertical-align: top"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">PRESTACION DE SERVICIOS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">CSG COMERCIAL</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.95</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">COMER DE PROD DE ACEROS DE TLAXCALA</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.95</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">SIDERURGICA DE BAJA CALIFORNIA</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.95</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">COORPORACION ACEROS DM</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">SUB-HOLDING</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.99</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">PRODUCTOS SIDERURGICOS DE TLAXCALA</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">COMERCIALIZADORA MSAN</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">COMERCIALIZADORA ACEROS DM</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">PROMOTORA ACEROS SAN LUIS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">UNDER SHAFT</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">SUB-HOLDING</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">PROCESADORA INDUSTRIAL</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">PRESTACION DE SERVICIOS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.99</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">CORPORATIVOS G&amp;DL</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">PRESTACION DE SERVICIOS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">ACERO TRANSPORTE SAN</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">TRANSPORTISTA</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">SIMEC INTERNATIONAL 2 INC</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.99</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">SIMEC INTERNATIONAL 3 INC</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.99</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">SIMEC INTERNATIONAL 4 INC</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.99</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">SIMEC INTERNATIONAL 5 INC</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.99</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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: left; vertical-align: top"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">SIMEC INTERNATIONAL 6</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">FABRICACION Y VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.99</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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: left; vertical-align: top"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">SIMEC INTERNATIONAL 7</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">FABRICACION Y VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.99</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">SIMEC ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">SIMEC USA</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: windowtext 1pt solid; border-top: Black 1pt solid; width: 31%"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">PACIFIC STEEL PROJECTS</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; border-right: Black 1pt solid; border-top: Black 1pt solid; width: 28%"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">PRESTACION DE SERVICIOS</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right; width: 8%"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right; width: 10%"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right; width: 11%"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: right; width: 12%"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">SIMEC STEEL</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">PRESTACION DE SERVICIOS</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">100.00</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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: left; vertical-align: top"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">CIA SIDERURGICA DE GUADALAJARA</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">FABRICACION Y VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.99</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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="font: 8pt Tahoma, Helvetica, Sans-Serif">CORPORACION ASL</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">COMPRA VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.99</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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: left; vertical-align: top"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">GV DO BRASIL</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">FABRICACION Y VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.99</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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: left; vertical-align: top"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">ORGE</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">FABRICACION Y VENTA DE PROD DE ACERO</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">99.99</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></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">&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 STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>TOTAL INVESTMENT IN ASSOCIATES</B></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; text-align: center">&nbsp;</TD>
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    <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>
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    <TD COLSPAN="17" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 6pt Tahoma, Helvetica, Sans-Serif"><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; padding-right: 1pt; padding-left: 1pt; text-align: center"><FONT STYLE="font: 6pt Tahoma, Helvetica, Sans-Serif">CLAVE DE COTIZACION: <B>SIMEC</B></FONT></TD>
    <TD STYLE="background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: center">&nbsp;</TD>
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    <TD STYLE="background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 6pt Tahoma, Helvetica, Sans-Serif"><B>QUARTER: 4</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Tahoma, Helvetica, Sans-Serif"><B>YEAR 2012</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Tahoma, Helvetica, Sans-Serif"><B>GRUPO SIMEC, S.A.B. DE C.V</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
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    <TD STYLE="text-align: center">&nbsp;</TD>
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    <TD STYLE="border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; text-align: center"><FONT STYLE="font: 6pt Tahoma, Helvetica, Sans-Serif"><B>CONSOLIDADO</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="17" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>BREAKDOWN OF CREDITS</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="17" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>(THOUSAND PESOS)</B></FONT></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>
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    <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">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>FOREIGN INSTITUTION (YES / NO)</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>CONTRACT SIGNING DATE</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>EXPIRATION DATE</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>INTEREST RATE</B></FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>MATURITY OR AMORTIZATION OF CREDITS IN NATIONAL&nbsp;CURRENCY</B></FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>MATURITY OR AMORTIZATION OF CREDITS IN FOREIGN&nbsp;CURRENCY</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>CREDIT TYPE / INSTITUTION</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>TIME INTERVAL</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>TIME INTERVAL</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid">&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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>CURRENT YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1&nbsp;YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2&nbsp;YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3&nbsp;YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>4&nbsp;YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>5&nbsp;YEAR </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>OR&nbsp;MORE</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>CURRENT YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1&nbsp;YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2&nbsp;YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3&nbsp;YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>4&nbsp;YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>5&nbsp;YEAR </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>OR&nbsp;MORE</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border: windowtext 1pt solid; background-color: yellow; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>BANKS</B></FONT></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; 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="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="border-right: windowtext 1pt solid; background-color: white; 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 STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>FOREIGN TRADE</B></FONT></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 STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>SECURED</B></FONT></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 STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>COMERCIAL BANKS</B></FONT></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 STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>OTHER</B></FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>TOTAL BANKS</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>STOCK MARKET</B></FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>FOREIGN INSTITUTION (YES / NO)</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>CONTRACT SIGNING DATE</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>EXPIRATION DATE</B></FONT></TD>
    <TD ROWSPAN="3" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>INTEREST RATE</B></FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>MATURITY OR AMORTIZATION OF CREDITS IN NATIONAL&nbsp;CURRENCY</B></FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>MATURITY OR AMORTIZATION OF CREDITS IN FOREIGN&nbsp;CURRENCY</B></FONT></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; 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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>TIME INTERVAL</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>TIME INTERVAL</B></FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>LISTED STOCK EXCHANGE (MEXICO AND / OR FOREIGN)</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>CURRENT YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>4 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>5&nbsp;YEAR </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>OR&nbsp;MORE</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>CURRENT YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>4 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>5&nbsp;YEAR </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>OR&nbsp;MORE</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; 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; text-align: center">&nbsp;</TD>
    <TD>&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; 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></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNSECURED</B></FONT></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 STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>MEDIUM TERM NOTES</B></FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">NO</FONT></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"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">N/A</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">3,922</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">0</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>SECURED</B></FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>PRIVATE PLACEMENTS</B></FONT></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; 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 STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNSECURED</B></FONT></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 STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>SECURED</B></FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>TOTAL STOCK MARKET LISTED IN STOCK EXCHANGE AND PRIVATE PLACEMENT</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3,922</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; 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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>OTHER CURRENT AND NON-CURRENT LIABILITIES WITH COST</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>FOREIGN INSTITUTION (YES / NO)</B></FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>DATE OF AGREEMENT</B></FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>EXPIRATION DATE</B></FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>MATURITY OR AMORTIZATION OF CREDITS IN NATIONAL&nbsp;CURRENCY</B></FONT></TD>
    <TD COLSPAN="6" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>MATURITY OR AMORTIZATION OF CREDITS IN FOREIGN&nbsp;CURRENCY</B></FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>CURRENT YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>4 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>5 YEAR </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>OR MORE</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>CURRENT YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>4 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>5 YEAR </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>OR MORE</B></FONT></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; 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">&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="border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>MISCELLANEOUS</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>NO</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white">&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; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>N/A</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>658,204</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></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; 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="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="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 STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>TOTAL OTHER CURRENT AND NON-CURRENT LIABILITIES WITH COST</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; 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; 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; 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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>658,204</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; 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; 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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>SUPPLIERS</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>FOREIGN INSTITUTION (YES / NO)</B></FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>DATE OF AGREEMENT</B></FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>EXPIRATION DATE</B></FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>MATURITY OR AMORTIZATION OF CREDITS IN NATIONAL&nbsp;CURRENCY</B></FONT></TD>
    <TD COLSPAN="6" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>MATURITY OR AMORTIZATION OF CREDITS IN FOREIGN&nbsp;CURRENCY</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; 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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>CURRENT YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>4 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>5 YEAR </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>OR MORE</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>CURRENT YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>4 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>5 YEAR </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>OR MORE</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>MISCELLANEOUS</B></FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">NO</FONT></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"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">&nbsp;N/A</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">584,846</FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>MISCELLANEOUS</B></FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">NO</FONT></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"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">&nbsp;N/A</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; padding-right: 1pt; padding-left: 1pt; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">1,745,633</FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>TOTAL SUPPLIERS</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; 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; 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; 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; 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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>584,846</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1,745,633</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: red; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; 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; 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>
</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: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>OTHER CURRENT AND NON-CURRENT LIABILITIES</B></FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>FOREIGN INSTITUTION (YES / NO)</B></FONT></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 STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: red; text-align: center">&nbsp;</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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>MATURITY OR AMORTIZATION OF CREDITS IN NATIONAL&nbsp;CURRENCY</B></FONT></TD>
    <TD COLSPAN="6" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>MATURITY OR AMORTIZATION OF CREDITS IN FOREIGN&nbsp;CURRENCY</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: windowtext 1pt solid; 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; background-color: red; 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-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>CURRENT YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>4 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>5 YEAR </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>OR MORE</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>CURRENT YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>1 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>3 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>4 YEAR</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>UNTIL </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>5 YEAR </B></FONT><BR>
<FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>OR MORE</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>MISCELLANEOUS</B></FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">NO</FONT></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"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">N/A&nbsp;</FONT></TD>
    <TD STYLE="background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">114,760</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">77,036</FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>MISCELLANEOUS</B></FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">NO</FONT></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"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">N/A&nbsp;</FONT></TD>
    <TD STYLE="background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">388,038</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">7,596</FONT></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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>TOTAL OTHER CURRENT AND NON-CURRENT LIABILITIES</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; 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; 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; 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; 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; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>114,760</B></FONT></TD>
    <TD STYLE="border: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>77,036</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>388,038</B></FONT></TD>
    <TD STYLE="border: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>7,596</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; background-color: white; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; 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; 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 STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>GENERAL TOTAL</B></FONT></TD>
    <TD STYLE="border: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>699,606</B></FONT></TD>
    <TD STYLE="border: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>77,036</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 1pt; padding-left: 1pt; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>2,795,797</B></FONT></TD>
    <TD STYLE="border: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>7,596</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif"><B>0</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <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="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></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="text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT><FONT STYLE="font: 6pt Arial, Helvetica, Sans-Serif">Estas columnas no aplican para las secciones correspondientes</FONT></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: 38 -->
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
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    <TD COLSPAN="6" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><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: 10pt Tahoma, Helvetica, Sans-Serif">CLAVE DE COTIZACION: <B>SIMEC</B></FONT></TD>
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    <TD STYLE="background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; 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; text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>GRUPO SIMEC, S.A.B. DE C.V</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>QUARTER: 4</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><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; text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><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; text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><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; 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; text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B><I>FOREIGN CURRENCY POSITION</I></B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>DOLLARS (1)</B></FONT></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>OTHER CURRENCIES</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="vertical-align: bottom; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>THOUSAND PESOS TOTAL</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>THOUSANDS OF DOLLARS</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>THOUSAND PESOS</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>THOUSANDS OF DOLLARS</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>THOUSAND PESOS</B></FONT></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 STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>MONETARY ASSETS</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">882,914</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">11,467,287</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">11,467,287</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 18.35pt"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">CURRENT</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">882,914</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">11,467,287</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">11,467,287</FONT></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; padding-left: 18.35pt"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">NON CURRENT</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></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 STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>LIABILITIES</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">215,803</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">2,803,393</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">2,803,393</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; padding-left: 18.35pt"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">SHORT TERM</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">215,260</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">2,795,797</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">2,795,797</FONT></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"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">LONG TERM</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">543</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">7,596</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">7,596</FONT></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-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>NET BALANCE</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">667,111</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">8,663,894</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">8,663,894</FONT></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"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif">(1) IN THE NOTES SECTION MUST SPECIFY THE CURRENCY AND EXCHANGE RATE</FONT></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>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, 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; text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><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">&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 STYLE="font: 10pt Arial, Helvetica, Sans-Serif"><B>QUARTER: 4</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>YEAR 2012</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; 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; text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>DEBT INSTRUMENTS</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="7" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; 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; text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>FINANCIAL LIMITATIONS IN CONTRACT, ISSUED DEED AND / OR TITLE</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">MEDIUM TERM NOTES</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">A) Current assets to current liabilities must be 1.0 times or more</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">B) Total liabilities to total assets do not be more than 0.60</FONT></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"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">C) Operating income plus items added to income which do not require using cash must be 2.0 times or more</FONT></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="4" STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">This notes was offered in the international market</FONT></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>
<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; text-align: center"><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>ACTUAL SITUATION OF FINANCIAL LIMITED</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">MEDIUM TERM NOTES</FONT></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="4" STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">A) Accomplished the actual situation is 4.63 times</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">B)Accomplished the actual situation is 0.21</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">C)Accomplished the actual situation is 153.26</FONT></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 COLSPAN="7" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">As of December 31, 2012, the remaining balance of the MTNs not exchanged amounts to Ps. 3.9 Millions ($302.000 </FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font: 10pt Arial, Helvetica, Sans-Serif">dollars)</FONT></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">&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: 12pt Times New Roman, Times, 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; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><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; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">CLAVE DE COTIZACION: </FONT><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>SIMEC</B></FONT></TD>
    <TD STYLE="width: 111px; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 111px; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="width: 145px; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 145px; border-right: windowtext 1pt solid; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>GRUPO SIMEC, S.A.B. DE C.V</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>QUARTER: 4</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>YEAR 2012</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>DISTRIBUTION OF REVENUE BY PRODUCT</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; 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 COLSPAN="6" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>TOTAL INCOME</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="6" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>(THOUSAND PESOS)</B></FONT></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; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>MAIN PRODUCTS OR PRODUCT LINE</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>SALES</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>MARKET SHARE %</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>MAIN</B></FONT></TD></TR>
<TR STYLE="background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>VOLUME</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>AMOUNT</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>TRADEMARKS</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>CUSTOMERS</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B><I>DOMESTIC SALES</I></B></FONT></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></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B><I>COMMERCIAL PROFILES</I></B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>937</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>9,887,247</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>0</B></FONT></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></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B><I>SPECIAL PROFILES</I></B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>484</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>5,862,480</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>0</B></FONT></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></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B><I>OTHERS</I></B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>0 </B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>0</B></FONT></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></TR>
<TR STYLE="vertical-align: bottom">
    <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></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B><I>TOTAL</I></B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>1,421</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>15,749,895</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>0</B></FONT></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></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; 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></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>FOREIGN SALES</B></FONT></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></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B><I>COMMERCIAL PROFILES</I></B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>120</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>1,444,983</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>0</B></FONT></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></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B><I>SPECIAL PROFILES</I></B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>&nbsp;28 </B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>&nbsp;&nbsp;&nbsp;311,348</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>0</B></FONT></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></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B><I>OTHERS</I></B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42,177</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>0</B></FONT></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></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; 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></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B><I>TOTAL</I></B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>148</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>1,798,508</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>0</B></FONT></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></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; 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></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>FOREIGN&nbsp; SUBSIDIARIES</B></FONT></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></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B><I>SPECIAL PROFILES</I></B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>693</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>11,975,564</B></FONT></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></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; 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></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 STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>T&nbsp; O&nbsp; T&nbsp; A&nbsp; L</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>2,262</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>29,523,967</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid">&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>
<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>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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    <TD COLSPAN="10" STYLE="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>BOLSA MEXICANA DE VALORES, S.A.B. DE C.V.&nbsp;</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="border-left: windowtext 1pt solid; background-color: white"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">CLAVE DE COTIZACION: </FONT><FONT STYLE="font: 10pt Tahoma, Helvetica, Sans-Serif"><B>SIMEC</B></FONT></TD>
    <TD STYLE="background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; text-align: center">&nbsp;</TD>
    <TD STYLE="background-color: white; 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 COLSPAN="3" STYLE="border-left: windowtext 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>GRUPO SIMEC, S.A.B. DE C.V</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>QUARTER: 4</B></FONT></TD>
    <TD><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>YEAR 2012</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-right: windowtext 1pt solid"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif"><B>CONSOLIDADO</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="10" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>ANALYSIS OF PAID CAPITAL STOCK</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="border-left: windowtext 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="width: 72px; 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="width: 100px; border-right: windowtext 1pt solid; 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; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>CHARACTERISTICS OF THE SHARES</B></FONT></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; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>SERIES</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>NOMINAL VALUE</B></FONT><BR>
<FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>($)</B></FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="border-left: windowtext 1pt solid; border-bottom: black 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>VALID COUPON</B></FONT></TD>
    <TD COLSPAN="4" STYLE="border-bottom: windowtext 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>NUMBER OF SHARES</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: windowtext 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>CAPITAL SOCIAL</B></FONT></TD></TR>
<TR STYLE="background-color: #FFFF99">
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>FIXED PORTION</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>VARIABLE PORTION</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>MEXICAN</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>FREE SUBSCRIPTION</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>FIXED</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>VARIABLE</B></FONT></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"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">B</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD COLSPAN="2" STYLE="border-left: windowtext 1pt solid; border-right: black 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">90,850,050</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">406,859,164</FONT></TD>
    <TD STYLE="border-left: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">0</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">497,709,214</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">441,786</FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; text-align: right"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">1,978,444</FONT></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>
    <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>
    <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>
    <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-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; 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">&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; border-left: 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-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 STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>TOTAL</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; 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; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>90,850,050</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>406,859,164</B></FONT></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>0</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>497,709,214</B></FONT></TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; border-right: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>441,786</B></FONT></TD>
    <TD STYLE="border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>1,978,444</B></FONT></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"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif">TOTAL NUMBER OF SHARES REPRESENTING THE CAPITAL STOCK OF THE DATE OF SENDING THE INFORMATION:</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border: windowtext 1pt solid; text-align: center"><FONT STYLE="font: 8pt Tahoma, Helvetica, Sans-Serif"><B>497,709,214</B></FONT></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>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>


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