FEMSA
Announcement
Monterrey,
Mexico, February 27, 2008—
Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”) (NYSE: FMX; BMV:
FEMSAUBD), today announced that its Board of Directors has approved
the
rotation of FEMSA’s independent auditor, following the recommendation of
its Audit Committee and continuing with our corporate governance
best
practices.
Therefore,
beginning in 2008 the independent auditor for the company and
its
subsidiaries will be Ernst & Young. We take this opportunity to thank
the firm of Galaz, Yamazaki, Ruiz Urquiza, S.C. (“Deloitte”) for over 20
years of service of the highest quality and integrity.
Deloitte
will continue to be responsible for the independent auditor’s report on
FEMSA’s 2007 financial statements and will continue providing several
other services to our company.
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FEMSA
is the leading beverage company in Latin America. It controls
an
integrated beverage platform that comprises Coca-Cola FEMSA,
the largest
Coca-Cola bottler in the region; FEMSA Cerveza, one of the leading
brewers
in Mexico, with presence in Brazil, and an important beer exporter
to the
United States and other countries; and Oxxo, the largest and
fastest
growing convenience store chain in Mexico with over 5,500
stores.
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FOMENTO
ECONÓMICO MEXICANO, S.A. DE C.V.
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By: | /s/ Javier Astaburuauga | |
Javier Astaburuauga |
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Chief
Financial Officer
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