December 11, 2007 15:24 ET

Grupo TMM Announces New President

MEXICO CITY--(Marketwire - December 11, 2007) - Grupo TMM, S.A.B. (NYSE: TMM) (BMV: TMM A) ("TMM"); a Mexican multimodal transportation and logistics company, announced that Fernando Sánchez Ugarte has been appointed president of the Company effective January 15, 2008.

Mr. Sánchez Ugarte recently resigned the post of Undersecretary for Internal Revenue for the Mexican Finance Ministry, a position he held since December 2006. He has held several positions within the Mexican government including president of the Federal Competition Commission, undersecretary of Industry and Foreign Investment and general director of Income Policies. Additionally, he was a member of the NAFTA ("North American Free Trade Agreement") negotiating team and served as general Consul for Mexico in Portland, Oregon. Mr. Sánchez Ugarte holds a PHD in Economics from the University of Chicago.

José F. Serrano, chairman of Grupo TMM, said, "We are pleased to welcome Fernando to our executive management team. We believe his broad experience in public finance, fiscal policies and economic development will be extremely valuable to TMM's business plan going forward."

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
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    Monica Azar
    Investor Relations
    011-525-55-629-8866 ext. 3421
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    Kristine Walczak
    (investors, analysts, media)
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