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Mexico City, Mexico September 23, 2019.- Aleatica, S.A.B. de C.V. (the “Company”) informs the market of new global measures, which include the creation of the position of Aleatica’s Global Head of Internal Audit, as well as changes and appointments within the global compliance and risk team. As Aleatica SAU explained in a press release issued in Spain, these measures: support its evolution to a new phase of maturity as an independent operator of infrastructure assets.

Specifically, the newly created office of global internal audit will, among other functions, oversee Aleatica’s global internal audit functions, including Mexico. In connection with the above, Aleatica SAU announced the appointment of Jesús Pinelo as Global Head of Internal Audit, who has also been approved by the board of directors of the Company to oversee the internal audit functions in Mexico and who will report to the Company’s audit committee. As Aleatica SAU explained through the press release,

The creation of Aleatica’s office of global internal audit –which operates with independence from the global compliance and risk team, as well as from the management team, reporting directly to the Audit and Risk Committee of Aleatica SAU’s Board of Directors and Aleatica, S.A.B. de C.V.’s Audit Committee—is aligned with international best practices in corporate governance, risk management and compliance. Aleatica, S.A.B. de C.V. will adopt the internal auditing policies and practices established by the global office of internal audit and Aleatica’s Global Head of Internal Audit will oversee all the existing local internal audit functions, building upon the successful deployment of the One Aleatica policies, which were announced last year.

Commencing 1 October, the office of global internal audit will be headed by Jesús Pinelo, who has two decades of experience in senior roles in audit and financial reporting in companies like Deloitte and Unión Fenosa. Most recently, Mr. Pinelo served a decade-long tenure as head of internal audit for Spain & International at Ferrovial Group.

In parallel, additional changes have been announced in the structure of the global compliance and risk department, which oversees the operation of a team that has been significantly strengthened globally and in Mexico. In connection with the above, Aleatica SAU stated the following:

After playing an instrumental role in the first phase of building out Aleatica’s global compliance and risk function, Pedro Montoya has concluded his tenure as Aleatica’s global chief compliance and risk officer effective today, as he has decided to pursue another professional opportunity with another company with a global footprint. During this phase, Pedro built out the compliance and risk management function, completed several enhancements to the risk management framework and strengthened focus on compliance, including revised internal controls and the launch of a comprehensive training program.

 In the next phase, the compliance and risk function will continue to build on the existing framework globally, while leading Aleatica towards best-in-class corporate governance, risk management and compliance. This will include country-specific initiatives and execution in each of the geographies where Aleatica operates, including Mexico.

The board has appointed Pablo Olivera, who continues to serve as Global General Counsel, as Interim Global Chief Compliance and Risk Officer (CCRO) and launched the search for a new CCRO. In fulfilment of this role, Pablo Olivera will receive additional support from Javier Soni in Mexico, an independent director of Aleatica S.A.B. de C.V. who has significant experience in compliance and the US Foreign Corrupt Practices Act, and led Walmart Mexico through the implementation of its strengthened compliance framework. The CCRO function will continue to be supported by key executives that joined the company this year, as well as external counsel.

In addition, Pablo Olivera has been appointed by the Company’s board of directors as interim CCRO in Mexico to ensure continuity and consistency in the compliance and risk functions.

The Company remains committed to strengthening corporate governance, transparency and corporate integrity through the adoption of international best practices, and the development of new programs that contribute to raising industry standards.

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