Clarification With Regards To The Arrest Warrant Against Mr. Rufino Vigil Gonzalez, Chairman Of The Board Of Grupo SIMEC

GUADALAJARA, Mexico, July 7 /PRNewswire-FirstCall/ -- In regards to a press release issued by Grupo SIMEC S.A.B. (NYSE: SIM, BMV: SIMEC) on June 21, 2010, referring to an article published by Grupo Reforma, Miguel Angel Rubio from Motormexa would like to make the following clarifications.

1.- Motormexa S.A. de C.V. and its shareholders paid all of their debts to the creditor banks on December 16, 2002, before a Notary Public and the representatives of the financial institutions.  

2.- Motormexa, S.A. de C.V. initiated a criminal action in Mexico, dated October 10, 2006 against Mr. Rufino Vigil Gonzalez for the alleged crimes of: falsification of signatures, use of false documents (in the amount of US$200 Million Dollars), simulation of legal actions and simulation of evidence, false declaration before authorities, procedural fraud and attempted fraud.

3.- The experts appointed by the Mexico City District Attorney's Office ("Procuraduria General de Justicia del Distrito Federal") issued a report on March 2, 2007, whereby they determined in an unequivocal manner, that the signatures in the documents allegedly executed by Motormexa, and its shareholders are forged and cannot be attributed to the people in question.

4.- Based on a detailed series of conclusions derived from the District Attorney preliminary investigation number FPC-74-T2-692-06-10, Attorney at law Blanca Rosa Ham Garcia, District Attorney Agent #74 of Mexico City, Federal District, determined in her conclusions to exercise criminal legal action against Mr. Rufino Vigil Gonzalez, as defendant and probable responsible for the crime of procedural fraud against the plaintiff legal entity, and its owners; requesting Judge #32 in criminal matters of Mexico City, Federal District, Attorney at law Jesus Ubando Lopez, to issue the corresponding arrest warrant.

5.- The Judge, having considered the case, issued an arrest warrant against Mr. Rufino Vigil Gonzalez for the crime of procedural fraud (without the right to bail), on June 16, 2010.

6.- Mr. Rufino Vigil Gonzalez has not been located to execute the arrest warrant. The District Attorney of Mexico City, Federal District ("Procurador General de Justicia del Distrito Federal"), as well as INTERPOL are seeking his location and capture. Therefore, he is considered a fugitive of justice.

Please visit www.vigilsimec.com to access the official documents of the legal procedures.

SOURCE Motormexa, S.A. de C. V.

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