Pursuant to article 50, section V, part b), of the General Provisions Applicable to Issuers of Securities and to Other Participants of the Securities Market, (Disposiciones de Carácter General Aplicables a las Emisoras de Valores y a Otros Participantes del Mercado de Valores) (the “CUE”) and in connection with the relevant notices dated October 25, 2015 and March 28, 2016, issued by OHL Mexico, S.A.B. de C.V. (the “Company”), we inform the investing public that today the financial information of the Company and its subsidiaries Organización de Proyectos de Infraestructura, S.A.P.I. de C.V. (“OPI”) and Concesionaria Mexiquense, S.A. de C.V. (“Conmex” and, jointly with the Company and OPI, the “Issuers”) regarding the fourth quarter of 2016 was published; such financial information was elaborated based on the registering method of the “investment in concessions” filed by the Issuers before the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) (“CNBV” or the “Commission”) on February 17, 2017.
As informed in the relevant notice dated March 28, 2016, the Commission accepted that the Issuers worked with their external auditors in order to file before such authority the method in which they would register their “investment in concessions” considering the legal nature and terms of the concession titles, in order to look for an interpretation of such registering according to IFRIC 12 titled “Service Concession Arrangements” (“IFRIC 12”) which resulted reasonable for the CNBV.
In compliance with the above and after several months of work with their external auditors, on February 17, 2017, the Issuers filed before the Commission the method in which they will register their “investment in concessions”, which is included in Note 2 of the unaudited intermediate financial statements regarding the fourth quarter of 2016 and for the twelve month period ended on December 31, 2016, published today by the Issuers through EMISNET.
By means of official communications dated February 21, 2017, the Commission acknowledged the receipt of the writs by which the Issuers filed the method in which they will register their “investment in concessions”, according to what was provided in the official communications issued by the Commission on March 15 and 23, 2016.
Given the above, the Issuers elaborated their unaudited intermediate financial statements
regarding the fourth quarter of 2016 and will elaborate the following ones (quarterly and annually) based on the registering method of the “investment in concessions” referred above.
With the implementation of this registering method of the “investment in concessions”, the Issuers comply with what was ordered by the CNBV, in terms of its official communications dated March 15, 2016, the writs filed by the Issuers on March 18, 2016 and the official communications of the CNBV dated March 23, 2016.
