Mexico City, August 6, 2020.- Following-up on the relevant event published on July 31, 2020 regarding the execution of the Seventh Amendment (the “Seventh Amendment”) to the concession title for the construction, management, operation, conservation and maintenance of the Eastern Beltway of the State of Mexico, dated February 25, 2003 (the “Concession Title”), granted by the Ministry of Communications of the State of Mexico (the “Ministry”) in favor of Concesionaria Mexiquense, S.A. de C.V. (the “Concessionaire”), a subsidiary of Aleatica, S.A.B. de C.V. (the “Company” or “Aleatica”), the Company informs the following:
As reported in the relevant event of July 31, 2020 and in line with the transparency policies implemented by the Company and the Concessionaire in collaboration with the authorities of the State of Mexico, the original document of the Seventh Amendment will be published, within the following days. With this action, the Company is significantly surpassing the applicable legal transparency requirements and market standards. In addition to the foregoing, below is a summary of the amendments made to the Concession Title as a result of the Seventh Amendment.
Additionally, in consideration of the request made by the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) to disclose certain additional information regarding the implications of the Seventh Amendment, the Company, informs the following:
- Amount of the total investment pending to be recovered: As a result of the Seventh Amendment, the balance of the total investment pending to be recovered by the Concessionaire as of July 1, 2020 was acknowledged, that is the amount of $52’652,644,795.57 (fifty-two billion six hundred fifty-two million six hundred forty-four thousand seven hundred ninety-five pesos 57/100 M.N.). As of the date of execution of the Seventh Amendment, such amount serves as the basis for calculating and including the amount of the investments that have been or will be undertaken by the Concessionaire, pursuant to the methodology and procedure for the acknowledgement of the investment pending to be recovered included in the Seventh Amendment.
- Changes in accounting criteria and policies: The Seventh Amendment did not result in any changes to the accounting criteria and policies that have been disclosed in the annual and quarterly Financial Statements submitted by the Concessionaire and the Company.
- Changes on the Company’s financial situation: The Seventh Amendment does not have an impact on the financial situation of the Concessionaire or the Company. Subject to final review by the External Auditor, as a result of the Seventh Amendment, and in particular the update on the toll-fee regime, the Concessionaire estimates to carry out a reduction of the amount recorded in the concept Deficit in Charge of the Grantor in the Total Investment in Concession and an increase in the concept Portion of Intangible Assets.
- Summary of amendments to the Concession Title: Attached as a Sole Exhibit to this relevant event is the executive summary of the amendments that were made to the Concession Title as a result of the Seventh Amendment.
