OHL México, S.A.B. de C.V. (“OHL México” or the “Company”) (BMV: OHLMEX) informs that, in relation to the right of its subsidiaries Concesionaria Mexiquense, S.A. de C.V. (“CONMEX”) and Viaducto Bicentenario, S.A. de C.V. (“VIADUCTO”) to increase tariff rates for 2017 pursuant to its concession titles, CONMEX and VIADUCTO have received an official communication from the Sistema de Autopistas, Aeropuertos, Servicios Conexos y Auxiliares del Estado de México (the Highway, Airports and Other Services System of the State of Mexico or “SAASCAEM”) informing both concession entities that SAASCAEM will not authorize such rate increase at this time. SAASCAEM further informed both concession entities that their analysis of this issue is ongoing, and that SAASCAEM will notify CONMEX and VIADUCTO once such analysis is concluded.
Notwithstanding the official communications issued by SAASCAEM, the Company notes that the concession titles held by CONMEX and VIADUCTO provide both concession entities with the right to make the tariff rate increases established in the concession titles without requiring any authorization from SAASCAEM. Nonetheless, given the official communications from SAASCAEM described above, the Board of Directors of both concession entities have elected to postpone the implementation of the tariff rate increase applicable to 2017 under their concession titles at this time. This postponement of the implementation of such increases does not constitute in any manner a waiver of the concession entities’ rights to increase tariffs under the concession titles in 2017 or in subsequent years.
It is important to note that both CONMEX and VIADUCTO will continue in close communication with SAASCAEM in relation to this ongoing issue.