Alfa SAB de CV : Announces Guidance for 2016

Monterrey, N.L., February 11, 2016. - ALFA, S.A.B. de C.V. (ALFA), one of Mexico's leading diversified companies, announced today its guidance for 2016. For the current year, the Company expects the following:

ALFA Guidance 2016 (U.S. $ Millions)
	Revenues			EBITDA					Capex
	2015	2016e	%	2015	Extr. Items	2015 Norm.	2016e	%	2015	2016e
ALFA	16,315	15,775	-3	2,420	210	2,210	2,167	-2	1,606	1,320
Sigma	5,901	5,900	0	869	161	708	680	-4	660	360
Alpek	5,284	4,800	-9	630	26	604	630	4	317	320
Nemak	4,482	4,500	0	759		759	777	2	460	495
Alestra	389	380	-2	166	23	143	130	-9	101	110
Newpek	89	57	-36	40		40	10	-75	59	30
Including acquisitions 2015 EBITDA has been normalized to account for one-time items Does not include Axtel

ALFA's 2016 guidance has been prepared under the following assumptions:

Macroeconomics:

Mx GDP growth: 2.4%
USA GDP growth: 2.5%
Avg. exchange rate Mx Peso to US$: $18.0
Avg. exchange rate Euro to US$: $1.07
Avg. oil price (Brent): US$38/barrel

Operations:

Sigma: Volume growth of 5% vis-a-vis 2015. Raw materials prices remain stable in U.S. dollar terms. The new Campofrio plant in Spain comes on stream late in 2016. Campofrio incurs start-up and manufacturing costs in 2016. Normal capex in fixed assets and distribution equipment are also included in the Capex figure for 2016.

Alpek: Volume growth of 5% vis-a-vis 2015. The effect of lower oil prices is offset with strong margins for Polypropylene and PTA, plus savings from strategic projects, such as the cogen facility at Coso and the tolling agreement with Huntsman. Capex relates to investments in the new cogen plant at Altamira, Mossi & Ghisolfi's PTA/PET plant the agreement with Huntsman.

Nemak: Volume growth of 3% vis-a-vis 2015. Aluminum prices stable at end of 2015 levels. Machining project continues to advance. Capex considers investments in the new machining and HPDC plants in Mexico, plus normal capex in all regions.

Alestra: Peso Revenues and EBITDA affected by higher dollar exchange rate. Alestra Guidance does not include Axtel's figures for 2016 as the budget for the new entity has not been approved as the merger has not become effective at the time of this press release. Guidance for the new entity will be released in the near future.

Newpek: Guidance considers a significant reduction in drilling activities in Eagle Ford Shale as well as the postponement of activities in other regions in the U.S. due to lower oil prices than in 2015. This is reflected in lower revenue and EBITDA in 2016, as well as lower capital expenditures.

About ALFA

ALFA is a company that manages a portfolio of diversified subsidiaries: Sigma, an important producer, marketer and distributor of foods through recognized brands in Mexico, the United States, Europe and Latin America; Alpek, one of the world's largest producers of polyester (PTA, PET and fibers), which also leads the Mexican market in polypropylene, expandable polystyrene (EPS) and caprolactam; Nemak, a leading provider of innovative light-weighting solutions for the automotive industry, specializing in the development and manufacturing of aluminum components for powertrain and body structure; Alestra, a leading provider of information technology and communications services for the enterprise segment in Mexico; and, Newpek, a company in the hydrocarbons industry in Mexico and the United States. In 2015, ALFA reported revenues of Ps. 258,300 million (U.S. $16.3 billion), and EBITDA of Ps. 38,440 million (U.S. $2.4 billion). ALFA's shares are quoted on the Mexican Stock Exchange and on Latibex, the market for Latin American shares of the Madrid Stock Exchange.