1. February 2015 The Export Credit Agency of México 1 Mexico City

2. BANCOMEXT MENSAJE DEL DIRECTOR GENERAL RESULTS During this administration the outstanding credit portfolio balance grew 95%, from MXN 74 billion in December 2012 to MXN 144 billion (approx. USD 10 billion) in December 2014. Our credit portfolio growth has been greater than that of the entire group of commercial banks in Mexico, achieving this in a responsible way. Bancomext past due loans reach 0.6%, meanwhile the credit reserves cover 2.4 times the past due loans. RESULTS RESULTS

3. BANCOMEXT MENSAJE DEL DIRECTOR GENERAL RESULTS From December 2008 to December 2014, Bancomext Guarantee Program has increased 206%, with a balance of MXN 30.9 billion as of December 2014 (approx. USD 2,130 million). The program benefited more than 3,000 companies in 2014. Bancomext has followed the strategy of reinforcing its presence with financial products in the local market, as well as, strengthening relations with international entities, mostly ECA´s and Development Banks. RESULTS

4. BANCOMEXT MENSAJE DEL DIRECTOR GENERAL Sector-Product-Geography TRADE FINANCE: Tourism In Bond Industry Automotive & Autoparts Aerospace Transportation & Logistics Electric & Electronic Mining & Metallurgical Telecommunications Energy Project Finance Renewable Energy Others TRADE FINANCE: Tourism In Bond Industry Automotive & Autoparts Aerospace Transportation & Logistics Electric & Electronic Mining & Metallurgical Telecommunications Energy Project Finance Renewable Energy Others Source: CNBV and BANCOMEXT Electronic Channels IFI Network (46) SME´s Transactions of more than USD 3 million North East West Center BUSINESS MODEL Geography Products & Programs Priority Sectors Direct Credit First Tier Second Tier Corporate Companies

5. BANCOMEXT MENSAJE DEL DIRECTOR GENERAL 23.6% 71.8% 2,987 (8%) 450 (1%) Number of Mexican exporters Annual exports up to USD 0.2 million Annual exports between USD 0.2 to USD 5 million Annual exports between USD 5 and USD 100 million Annual exports of more than USD 100 million TOTAL 35,574 companies 0.4% 4.2% USD $0.98 billion USD $11 billion USD $61 billion USD $185.9 billion Export market share 100%USD $258.9 billion 24,158 (68%) 7,979 (23%) 10,966 Bancomext supports around 3,437 exporting companies with export sales of more than USD 5 million on a direct basis. The rest of the Mexican exporting companies are attended through the network of 46 financial intermediaries prequalified by Bancomext. TARGET MARKET

6. BANCOMEXT MENSAJE DEL DIRECTOR GENERAL DIRECT LENDING December, 2014 BANCOMEXT CREDIT INDIRECT LENDING (Financial Intermediaries) INDIRECT LENDING (Financial Intermediaries) GUARANTEES 69%69%10%10% 21% * Discount Credit Lines Letters of Credit International Factoring Buyer’s Credit Discount Credit Lines Letters of Credit International Factoring Buyer’s Credit Corporate Lending Sectorial Specialization Inventory Financing Corporate Lending Sectorial Specialization Inventory Financing Aval Letters of Credit Selective Automatic Buyer’s Credit Aval Letters of Credit Selective Automatic Buyer’s Credit * 11% Direct and 10% Indirect

7. BANCOMEXT MENSAJE DEL DIRECTOR GENERAL 79,549 CREDIT PORTFOLIO BALANCE (MXN MILLION )

8. BANCOMEXT MENSAJE DEL DIRECTOR GENERAL CREDIT PORTFOLIO BY SECTORS

9. BANCOMEXT MENSAJE DEL DIRECTOR GENERAL PRIVATE SECTOR CREDIT PORTFOLIO BALANCE (MXN MILLION)

10. BANCOMEXT MENSAJE DEL DIRECTOR GENERAL PAST DUE LOANS (%)

11. BANCOMEXT MENSAJE DEL DIRECTOR GENERAL 14,402 December 2012 17,476 December 2014December 2013 12,145 18.6% 21.3% Capital ratio 14.47% 13.72% 13.1%* CAPITAL RATIO EVOLUTION (%) (MXN MILLION) *Preliminar

12. BANCOMEXT MENSAJE DEL DIRECTOR GENERAL www.bancomext.com + 52 (55) 5449 9000