April 3, 2008
:: ALFA Holds its Annual Shareholders' Meeting
- A cash dividend of US$ 0.11 per share is approved.

San Pedro Garza García, N. L., Mexico, April 3rd, 2008.- ALFA, S. A.B. de C. V. (ALFA), the leading Mexican industrial company, held today its annual shareholders’ meeting, where Dionisio Garza, Chairman of the Board and CEO, presented the company’s financial results and activities for the year 2007, which were unanimously approved by the shareholders.

In his speech, Dionisio Garza, stated that: “In 2007, we consolidated the world-wide leadership of Nemak, strongly drove the growth of Alpek, reinforced the strategic position of Sigma and increased the offer of added value services of Alestra."

Mr. Garza commented that ALFA achieve 26% growth in EBITDA over that of the previous year, while maintaining a strong financial position.

During the meeting, the shareholders approved a cash dividend equivalent to US$ 0.11 per share, totaling approximately US$ 61 million, which will be paid beginning April 11.

At the end of his presentation, Mr. Garza concluded that: “Our strategy is successful, as demonstrated by our achievements in 2007. We supported the profitable growth of our businesses and strengthened their strategic position. We increased our global presence and achieved solid financial results. Our commitment is to continue to create value by building on our key strengths.

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ALFA is a Mexican company comprised of four business groups: Alpek (petrochemicals), Nemak (aluminum auto components), Sigma (refrigerated food) and Alestra (telecommunications).ALFA is the world’s leading manufacturer of high-tech aluminum engine heads and blocks. It is one of the world’s largest producers of PTA, a petrochemical product, and has leading market share in other petrochemicals in Mexico. Also, ALFA is the Mexican leader in the production of processed meats and cheese and one of the most important telecommunications services companies in Mexico. In 2007, ALFA reported revenues of $106,833 million (U.S. $9.6 billion), including foreign sales of U.S. $5.2 billion, and assets of $99,331 million (U.S. $9.1 billion). Currently, ALFA has manufacturing operations in 16 countries and employs more than 50,000 people. ALFA shares are quoted on the Mexican Stock Exchange and on Latibex, the market for Latin American shares of the Madrid Stock Exchange.

For further information:

Enrique Flores
Vice President, Corporate Communications
ALFA, S.A.B. de C.V.
Phone +52-81 8748-1207
eflores@alfa.com.mx