Capitalization

Grupo IDESA, S.A. de C.V. 

Notice to Investors

Mexico City, November 17th, 2022 — Grupo IDESA hereby informs that the Company’s shareholders approved a Capitalization of up to US$300 million of its outstanding debt with its main financial lender. The Company’s shareholders voted today on an Extraordinary Shareholders Meeting. The purpose of the Capitalization is to improve the financial viability of the Company.

Please note that, the Capitalization is subject to conditions precedent, including but not limited to:

1. Approval from the COFECE- Comisión Federal de Competencia Económica (Federal Economic Competition Commission) and other governmental approvals, that may be required;

2. Satisfactory negotiations with, and receipt of any necessary consents and/or waivers from, certain stakeholders of the Company; and

3. Execution of satisfactory definitive documentation.

In Grupo IDESA, we remain committed to keep investors informed of the latest corporate developments.

For additional information, don’t hesitate to contact our Investor Relations Team.