Grupo TMM Issues Third Tranche of 20-Year Peso-Denominated Trust Certificates Program

MEXICO CITY--(Marketwire - July 2, 2008) - Grupo TMM, S.A.B. (NYSE: TMM) (BMV: TMM A) ("TMM" or the "Company"), a Mexican intermodal transportation and logistics company, announced today that it has issued the third tranche of 20-year Mexican Trust Certificates ("Certificados Bursátiles") in the amount of $4.39 billion Mexican pesos (approximately $418 million) (the "Third Issuance"). This issuance was completed under the Company's Mexican Trust Certificates program (the "Program") for up to $9.0 billion Mexican pesos. The Program represents a long-term financing in pesos that is non-recourse to the Company.

The proceeds from the Third Issuance will be used to acquire seven offshore vessels and three product tankers, to fund cash reserves required for this structure and to pay issuance related expenses.

José F. Serrano, chairman and chief executive officer of Grupo TMM, said, "We are very pleased to have closed the third tranche of our Trust Certificates Program as it provides TMM the ability to continue to grow through the acquisition of additional ships with long-term financing tied to the useful life of these vessels. The Third Issuance was rated AA (mex) by Fitch Ratings, reflecting TMM's continued quality operating performance and increased demand for maritime transportation services."

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 www.grupotmm.com. 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: TMM COMPANY CONTACT: Jacinto Marina Chief Financial Officer 011-525-55-629-8866 ext. 2901 Monica Azar Investor Relations 917-597-5361 or 011-525-55-629-8866 ext. 3421 AT DRESNER CORPORATE SERVICES: Kristine Walczak (investors, analysts, media) 312-726-3600