ICA Annual Shareholders' Meeting Elects a New Board Member

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News Desk 2018

Apr 24, 2015 at 4:45 PM

Seven independent directors on 12 person board

MEXICO CITY, April 24, 2015 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV: ICA ) (NYSE: ICA ), the largest infrastructure and construction company in Mexico, announced that its Annual Shareholders' Meeting held yesterday elected one new independent board member, ratified the other members of the Board of Directors, and elected the chairs of the board committees.

The Board of Directors has 12 members, including seven independent members. The chairs and all members of the Board Committees are independent directors.

Board Member	Position
1. Bernardo Quintana Isaac	Chairman/Patrimonial
2. José Luis Guerrero Álvarez	Patrimonial
3. Fernando Flores y Pérez	Independent
4. Alonso Quintana Kawage	Patrimonial
5. Elsa Beatriz García Bojorges	Independent
6. Margarita Hugues Vélez	Independent
7. Salvador Alva Gómez	Independent
8. Diego Quintana Kawage	Patrimonial
9. Ricardo Gutiérrez Muñoz	Independent
10. Carlos Guzman Bofill	Independent
11. Eduardo Revilla Martínez	Patrimonial
12. Bernardo Sepúlveda Amor	Independent

Bernardo Sepúlveda Amor was elected as an Independent Member of the Board of Directors at the Shareholders' Meeting.

Ambassador Sepúlveda served as a Member of the International Court of Justice in the Hague from 2006 to 2015, and was appointed its Vice President for 2012 to 2015. He also was a member of the International Law Commission of the United Nations. He was previously Mexico's Secretary of Foreign Affairs, Ambassador of Mexico to the United States and to the United Kingdom. Holds a degree in Law, magna cum laude from the Universidad Nacional Autonoma de Mexico, or UNAM and an L.L.M. in International Law from Cambridge University. He was a professor of International Law at the Colegio de Mexico for almost 40 years. He has been awarded Spain's Principe de Asturias, a decoration to individuals, entities or organizations from around the world who make notable achievements in the sciences, humanities, and public affairs. Likewise, awarded the International Public Administration Award and the National Jurisprudence Award. He was ICA's General Counsel from 1997 to 2005.

The Shareholders' Meeting also elected the chairs of the Board Committees:

Audit Committee: Elsa Beatriz García Bojorges
Corporate Practices: Fernando Flores y Pérez
Finance, Planning, and Sustainability: Fernando Flores y Pérez.

The summary of the resolutions of the Annual Shareholders' Meeting and the biographies of all the members of the board may be found on the Investor Relations/Corporate Governance of ICA's corporate website, http://ica.com.mx .

This press release contains projections or other forward-looking statements related to ICA that reflect ICA's current expectations or beliefs concerning future events. Such forward-looking statements are subject to various risks and uncertainties and may differ materially from actual results or events due to important factors such as changes in general economic, business or political or other conditions in Mexico, Latin America or elsewhere, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, changes in tax and other laws affecting ICA's businesses, increased costs, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms and other factors set forth in ICA's most recent filing on Form 20-F and in any filing or submission ICA has made with the SEC subsequent to its most recent filing on Form 20-F. All forward-looking statements are based on information available to ICA on the date hereof, and ICA assumes no obligation to update such statements.

Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA carries out large-scale civil and industrial construction projects and operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947, lCA is listed on the Mexican and New York Stock exchanges. For more information, visit ir.ica.com.mx

For more information, please contact: Elena Garcia Gabriela Orozco +(5255) 5272 9991 x 3608 Gabriel de la Concha Corporate Finance Director and Treasurer Victor Bravo Chief Financial Officer In the US: Daniel Wilson, Zemi Communications +(1212) 689 9560

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