Homex Calls General Extraordinary Shareholders' Meeting

November 4, 2009 3:35 PM EST

CULIACAN, Mexico, Nov. 4 /PRNewswire-FirstCall/ -- Desarrolladora Homex, S.A.B. de C.V. (Homex) (NYSE: HXM, BMV: HOMEX), a leading homebuilder in Mexico, today called for a General Extraordinary Shareholders' Meeting to be held on November 19, 2009.

The main purpose of the Shareholders' Meeting is to obtain approval from its shareholders for a capital increase, in the range of 5% to 6%, of the Company's current capital. Homex could issue unsubscribed common stock to be allocated through a follow on offering in Mexico pursuant to article 53 of the Mexican Securities Law and article 7 of the bylaws of the Company, subject to authorization by the Mexican Securities and Banking Commission (CNBV).

The transaction and final conditions will be subject to the resolutions approved in the Company's mentioned Extraordinary Shareholders' Meeting, as well as the market conditions prevailing at the time.

About Homex

Desarrolladora Homex, S.A.B. de C.V. (NYSE: HXM, BMV: HOMEX) is a leading, vertically integrated home development company focused on affordable entry- level and middle-income housing in Mexico. It is one of the most geographically diverse homebuilders in the country. Homex has a leading position in the top four markets in Mexico and is the largest home builder in Mexico, based on revenues, number of homes sold and net income.

For additional corporate information, please visit the Company's web site at: www.homex.com.mx

    INVESTOR RELATIONS CONTACT
    investor.relations@homex.com.mx
    Vania Fueyo
    Investor Relations Officer
    +52 - 667-758-5838
    vfueyo@homex.com.mx

SOURCE Desarrolladora Homex, S.A.B. de C.V.

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