Grupo TMM Informs About Discussion with NYSE Regarding Reduction of Stockholders' Equity

Grupo TMM, S.A.B.

informed that the Company has been in discussions with the New York Stock exchange concerning the reduction of its total stockholders' equity from $104.87 at December 31, 2010, to $51.44 million at June 30, 2011. The main reason for this reduction was a 4.9 percent appreciation of the peso versus the dollar in the first half of the year, from 12.3817 pesos per dollar at December 31, 2010, to 11.7748 pesos per dollar at June 30, 2011. The Company discussed with the NYSE regulations staff that approximately 90 percent of Grupo TMM's total debt has a 20-year term, is peso denominated and non recourse to the Company, and any appreciation of the peso versus the dollar negatively impacts its financial expenses as the Company reports its financial results in U.S. dollars. Additionally, an appreciation of the peso results in an exchange loss for the period, which has a negative effect on the Company's net income (loss) for the period, which in turn reduces the value of its stockholders' equity. As of June 30, 2011, Grupo TMM's stockholders' equity before minority interest was $41.7 million and total stockholders' equity was $51.4 million. At August 31, 2011, the exchange rate was 12.48 pesos per dollar, which results in an estimated increase of the Company's stockholders' equity before minority interest of approximately $30 million at such date, therefore in compliance with the NYSE listing standards. Going forward, the Company anticipates the value of its stockholders' equity before minority interest to exceed $50 million, as the peso has continued to depreciate versus the dollar.