January 31, 2007 23:58 ET

Grupo TMM and Kansas City Southern Assertion of Possible Mutual Claims

MEXICO CITY -- (MARKET WIRE) -- January 31, 2007 -- Grupo TMM, S.A.B. (NYSE: TMM) (BMV: TMM A) ("TMM" or the "Company"), a Mexican multimodal transportation and logistics company, announced that, in connection with the December 15, 2004 Amended and Restated Acquisition Agreement ("AAA") entered into by TMM and Kansas City Southern ("KCS") regarding the sale of TMM's equity interest in Grupo Transportación Ferroviaria Mexicana, S.A. de C.V. and in TFM, S.A. de C.V. to KCS, TMM has asserted certain claims against KCS for breach of the AAA and related agreements and obligations and KCS has advised TMM that KCS asserts certain claims under the AAA seeking indemnity from TMM.

Headquartered in Mexico City, TMM is a Latin American multimodal transportation Company. Through its branch offices and network of subsidiary companies, TMM provides a dynamic combination of ocean and land transportation services. Visit TMM's web site at The site offers Spanish/English language options.

Included in this press release are certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements speak only as of the date they are made and are based on the beliefs of the Company's management as well as on assumptions made. Actual results could differ materially from those included in such forward-looking statements. Readers are cautioned that all forward-looking statements involve risks and uncertainty. The following factors could cause actual results to differ materially from such forward-looking statements: global, US and Mexican economic and social conditions; the effect of the North American Free Trade Agreement on the level of US-Mexico trade; the condition of the world shipping market; the success of the Company's investment in new businesses; the ability of the Company to reduce corporate overhead costs and the ability of management to manage growth and successfully compete in new businesses These risk factors and additional information are included in the Company's reports on Form 6-K and 20-F on file with the United States Securities and Exchange Commission.

Contact Information


    Juan Fernandez
    Chief Financial Officer
    (Email Contact)

    Brad Skinner
    Senior VP, Investor Relations
    (Email Contact)

    Monica Azar
    Manager, Investor Relations
    (Email Contact)

    Kristine Walczak
    (investors, analysts, media)
    (Email Contact)