GAP (PAC) Gets Favorable Ruling in Termination of Strategic Shareholder's Rights

Grupo Aeroportuario del Pacífico, S.A.B. de C.V., (NYSE: PAC) reports that a ruling was issued in a commercial claim filed before a Federal Civil Court by Infraestructura y Transportes México, S.A. de C.V. (“ITM”), a subsidiary of Grupo México, S.A.B. de C.V., against the Mexican Ministry of Communications and Transportation, GAP and shareholders of its strategic partner, seeking the termination of the strategic shareholder’s corporate and proprietary rights that stem from the strategic shareholder’s ownership of certain preferred shares of GAP’s capital stock. The Company has been notified by its legal counsel that a ruling was issued in favor of GAP. The court upheld the Company’s defense claiming a lack of jurisdiction by the Federal Civil Court because the rights of GAP’s strategic partner arise from an international public bid conducted by an administrative authority according to proper administrative laws and regulations applicable to the airport industry. Consequently, the court of competent jurisdiction to rule on this matter is the Federal Fiscal and Administrative Court and all actions of the Civil Federal Court (including the lawsuit and subsequent filings thereto) were declared null and void.

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