Mexico City, February 10, Grupo Financiero Inbursa reported today results for the fourth quarter of HIGHLIGHTS

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1 Frank Aguado (52) Ext Fax: (52) Juan Ignacio Gonzalez (52) Ext.6641 Mexico City, February 10, Grupo Financiero Inbursa reported today results for the fourth quarter of Grupo Financiero Inbursa posted profits of $7,848 MM Ps in 2010 vs $8,091 MM Ps in Banco Inbursa posted 12% and 20% growths in loan portfolio and loan loss provisions respectively, together with a 19% decrease in non performing loans in 2010 vs 2009 Retail Banking (2010 vs 2009): -108 New Branches reaching ,838 more auto loans reaching 78,411 clients -11,537 more SME s clients reaching 32,632 Unsecured notes (CEBURES) issuances for a total amount of $15.7 Bn Ps. Afore Inbursa posted profits of $801 MM Ps in 2010 vs $398 MM Ps in HIGHLIGHTS Grupo Financiero Inbursa posted profits of $7,848 MM Ps in 2010 vs $8,091 MM Ps in This result is explained by: 1)Higher financial margin reaching $9,615 MM Ps, a 4% increase if compared with 2009 and better results in the assets under management business, 101% and 17% more in Afore and Operadora (pension and mutual fund subsidiaries) together with a 13% increase in loan loss reserves from $4,069 MM Ps in 2009 to $4,611 MM Ps in 2010, less gains on stocks valuation at Pensiones Inbursa and lower income in the insurance company due to the fee collected in 2009 from the Pemex business. On a quarterly basis, net income reached $2,783 MM Ps, 34% higher than 4Q09. Banco Inbursa s total loan portfolio increased 12% in 2010 when compared with 2009, from $156,451 MM Ps to $175,616 MM Ps. Loan loss provisions increased from $15,366 MM Ps to $18,515 MM Ps in the same period, representing an 11% of total loans. Non performing loans were reduced from $4,250 MM Ps in 2009 to $3,427 MM Ps in 2010, a 19% decrease. Banco Inbursa opened 108 new branches in the period January - December 2010 reaching a total of 271. Automobile loans increased 169% in 2010 vs 2009 reaching $7,868 MM Ps, mainly related with the Chrysler Financial Services Mexico business acquisition. Small and Medium Enterprises loans grew from $1,545 MM Ps in 2009 to $2,149 MM Ps in 2010 a 39% growth. On Aug 13 th 2010, Banco Inbursa issued a 5 year unsecured notes (CEBURES) for a total amount of $5 Bn Ps at a cost of TIIE + 24 bps, on Oct 15 th 2010 issued 3 year note for $5 Bn Ps at TIIE + 20 bps and finally on Dec 2 nd a 2 year note for another $5 Bn Ps at TIIE + 13 bps. During 2010, Afore Inbursa s net income reached $801 MM Ps vs $398 MM Ps for the same period last year, a result of higher assets under management and lower acquisition costs. - All amounts included in this report are expressed in nominal pesos and are not audited. - This press release is presented under regulation 1488 of the CNBV. - As required by regulation 1488 of the CNBV, the financial margin includes only the commissions and fees involved in interest related earnings. 1

2 Dec 10 Employees 6,356 # clients (MM) 8.1 Branches 271 ATM s 753 Sales force 14, GFINBUR O (Stock Price) J 10 A 10 S 10 O 10 N 10 D 10 CNBV GAAP Mkt Value/Book Value 2.64 Stock price (Dec 10) Outstanding shares ( 000) 3,333.5 Debt Rating (Banco Inbursa) S & P BBB/mxAAA HR Ratings HR AAA / HR+1 GRUPO FINANCIERO INBURSA (with subsidiaries and consolidated) Under CNBV Rules Net Income MM Ps. 4Q10 3Q10 % chg vs. 4Q09 % chg vs. Jan - Dec %chg. $ % $ 3Q10 $ 4Q vs Banco Inbursa 1, % 1, % 1, % 4, , % Operadora % % % % Seguros % % % , % Pensiones % % % % Fianzas % % % % Inversora % % % % Others % % (2.6) N.A % Total 2, % 2, % 2, % 7, , % Grupo Financiero Inbursa posted profits of $7,848 MM Ps in 2010 vs $8,091 MM Ps in This result is explained by: 1)Higher financial margin reaching $9,615 MM Ps, a 4% increase if compared with 2009 and better results in the assets under management business, 101% and 17% more in Afore and Operadora (pension and mutual fund subsidiaries) together with a 13% increase in loan loss reserves from $4,069 MM Ps in 2009 to $4,611 MM Ps in 2010, less gains on stocks valuation at Pensiones Inbursa and lower income in the insurance company due to the fee collected in 2009 from the Pemex business. On a quarterly basis, net income reached $2,783 MM Ps, 34% higher than 4Q09. Estimated Cash Flow Million Pesos Interest Income 15, , , , , Interest Expense 10, , , , ,225.2 = Financial Margin 4, , , , , Commissions & Fees 2, , , , , Subsidiaries Income 2, , , , , General Expenses 2, , , , , Taxes , ,468.1 = Operating Cash Flow 5, , , , , Market related Income , , , ,039.6 = Free Cash Flow 4, , , , ,

3 Investment by Company MM Ps. 4Q10 3Q10 % chg vs. 4Q09 % chg vs. $ % $ 3Q10 $ 4Q09 Banco Inbursa Consolidated 47, % 46, % 42, % Afore 1, % 1, % 1, % Sinca 4, % 4, % 3, % Inmobiliaria % % % Operadora % % % Seguros Inbursa Consolidated 6, % 6, % 5, % Patrimonial 1, % 1, % 1, % Salud % % % Pensiones Inbursa Consolidated 5, % 5, % 5, % Promotora 2, % 2, % 2, % Fianzas 2, % 2, % 1, % Inversora 4, % 4, % 3, % Holding company and others % % 1, % Total 68, % 65, % 61, % Stockholders equity of Grupo Financiero Inbursa stood at $68,130 MM Ps as of Dec 2010, an 10% increase relative to the same period previous year. It s worth mentioning that in May 2010, GFI paid a $1,833 MM Ps dividend. If adjusted, Stockholders equity growth would have been 13% in the same period. Sources & Uses of Funds (MM Ps as of December 2010) SOURCES Stockholders' Deferred Other Debt Reserves Repo s Equity Taxes Liabilities Total Banco Inbursa 47, , , , , ,330.9 Seguros and Patrimonial Inbursa 6, , , , ,679.3 Pensiones Inbursa 5, , ,087.8 Inversora Bursátil 4, , ,121.2 Operadora Inbursa ,198.8 Fianzas G-Inbursa 2, , ,727.1 Others TOTAL 68, , , , , , ,349.7 USES Investment* Loan Fixed Income Fixed Other Repo s Portfolio Portfolio MM Portfolio Assets Assets Total Banco Inbursa 5, , , , , ,330.9 Seguros and Patrimonial Inbursa 11, , , , , ,679.3 Pensiones Inbursa 5, , ,087.8 Inversora Bursátil , , ,121.2 Operadora Inbursa ,198.8 Fianzas G-Inbursa , ,727.1 Others TOTAL 23, , , , , , ,349.7 Assets under Management: $1,083,822.6 Assets in Custody: $2,677,

4 BANCO INBURSA (Commercial & Investment Banking) Banco Inbursa posted net income of $4,308 MM Ps in Financial margin remained stable even though spreads in the commercial lending tightened, this was mainly achieved through a better mix in the loan portfolio by increasing the SME s and auto loan segments. It s worth mentioning that Banco Inbursa s 2010 net income includes a $240 MM Ps more in loan loss provisions when compared with 2009 that represents a 6% increase. Banco Inbursa opened 108 new branches in 2010 reaching a total of 271. Auto loans increased 169% in 2010 vs 2009 reaching $7,868 MM Ps, mainly related with the Chrysler Financial Services Mexico business acquisition. Banco Inbursa strengthens its participation in the automobile sector in Mexico both in credit and insurance and has a solid platform for future growth in retail. Small and Medium Enterprises loans grew from $1,545 MM Ps in 2009 to $2,149 MM Ps in 2010 a 39% increase. Risk Adjusted Net Interest Income MM Ps 4Q10 3Q10 4Q09 12M10 12M09 Interest Income 4, , , , ,309.5 Interest on loans 3, , , , ,551.6 Repo s interest income Others , ,393.8 Interest Expenses (2,014.4) (1,924.9) (1,648.6) (7,325.9) (8,433.7) Interest on deposits & funding (1,705.4) (1,751.7) (1,563.9) (6,669.2) (8,112.8) Repo s interest expense (309.0) (173.2) (84.7) (656.7) (320.9) Financial Margin 2, , , , ,875.8 Loan Loss Reserves (Net) (1,042.5) (1,141.3) (676.1) (4,301.1) (4,061.6) Financial Margin As of Dec 2010 financial margin remained stable at $8,767 MM Ps even though lower interest rates during the year. Interest on loans decreased 2% compared with a 18% decreased in interest on deposits & funding vs Market Related Income Banco Inbursa posted profits of $1,337 MM Ps in 2010 compared with $1,599 MM Ps in Loan Loss Reserves Loan loss reserves increased $4,301 MM Ps during 2010, reaching $18,515 MM Ps. On an accumulated basis this amount represents 5.4 times non-performing loans and 11% of total loans. General Expenses General expenses decreased 3% in 2010 vs It s worth mentioning that acquisition cost was substantially reduced from $801 MM Ps compared with $410 MM Ps in the same period. Risk Adjusted Net Interest Income 1, , , , ,814.2 Commissions and fees , ,911.2 Market related income , , , ,598.6 Operating Revenues 2, , , , ,324.0 General Expenses and Acquisition Cost MM Ps 4Q10 3Q10 4Q09 12M10 12M09 Personnel Administrative Expenses , ,555.9 Acquisition Cost Others , ,755.3 Contributions to IPAB Depreciations and Amortizations General Expenses 1, , , Figures in this report are not audited. - Starting in 2008, inflationary accounting effects (Monetary position) were eliminated according with the new CNBV rules. They will only be included when accumulated inflation in 3 years is 24% or more. 4

5 Other Income (Expenses) & Earnings from Subsidiaries Income Statement Selected Figures MM Ps 4Q10 3Q10 4Q09 12M10 12M09 OTHER EXPENSES / INCOME (585.6) Charge Offs (38.5) (34.5) (135.3) (63.5) (188.8) Other Income & Losses EARNINGS FROM SUBSIDIARIES (450.3) Sinca Inbursa (3.6) Afore Inbursa Sinca Inbursa July 16th. 2010, Sinca Inbursa sold its 25% stake position in Controladora Vuela Compañia de Aviacion (Volaris) for a total amount of $80.6 MM USD. Current Investment Portfolio MM PS Description Acquisition Date % Shares Book Value Investment % 1. Infrastructure & Transport 1.1 Infraestructura y Transporte México S.A. de C.V. y Subsidiarias Railroad NOV % 1, % 1.2 Gas Natural México S.A. de C.V. Infrastructure SEP % % 1.3 Giant Motors S.A. de C.V. Auto JUL % % 1.4 Grupo IDESA S.A. de C.V. y Subsidiarias Petrochemical AUG % % 1.5 CELSOL S.A. DE C.V. Energy DEC % % Total 2, % 2. Health 2.1 Salud Interactiva S.A. de C.V. y Subsidiarias Health JAN % % 2.2 Grupo Landsteiner y Subsidiarias Health JUN % % 2.3 Enesa, S.A. de C.V. Health NOV % % 2.4 Progenika Health AUG % % Total % 3. Software 3.1 Aspel Grupo y Subsidiarias Software JUN % % 3.2 Hilderbrando Software APR % % Total % 4. Financial 4.1 Pure Leasing S.A. de C.V. Leasing JAN % % 4.2 SOFICAM Financial SEP % 9 0.2% Total Sector Financiero % 5. Content 5.1 Quality Films S. de R.L. de C.V. Content DEC % % 5.2 Argos Comunicación S.A. de C.V. y Subsidiarias Content MAR % % 5.3 Movie Risk, S.A. de C.V. Content DEC % % Total % TOTAL 3, Other investments 7. C.I.C.S.A. ( 61,015,990 shares)* Construction NOV % 269 * URVITEC was merged into CICSA on November 2007 It s worth mentioning that the investments of Sinca Inbursa in Promoted companies are registered at book value net of goodwill (which is later amortized), and the contribution to the results of the company are accounted under the equity method. However everything classified as negotiable, such as the CICSA ownership, is marked to market. 5

6 Loan Portfolio and Asset Quality Loan Portfolio Loan portfolio stood at $175,615 MM Ps at the end of Dec 2010, a 12% increase vs This increase was due to more loans in our consumer and governmental portfolio. Automobile loans increased 169% in 2010 vs 2009 reaching $7,868 MM Ps, mainly related with the Chrysler Financial Services Mexico business acquisition. Small and Medium Enterprises loans grew from $1,545 MM Ps in 2009 to $2,149 MM Ps in 2010 a 39% growth. Peso loan portfolio represented 70% of total loans. Loan loss reserves grew from $15,366 MM Ps in 2009 to $18,515 MM Ps in 2010, representing a 20% increase and a coverage ratio to non performing loans of 5.4 times and 11% of total loans. MM Ps 4Q10 % 3Q10 % 4Q09 % TOTAL LOAN PORTFOLIO 175, % 170, % 156, % Commercial 126,303 72% 128,775 76% 127,976 82% Financial Institutions 9,903 6% 10,284 6% 8,872 6% Consumer 7,722 4% 7,334 4% 3,665 2% Housing 1,196 1% 1,167 1% 1,123 1% Governmental 27,066 15% 19,755 12% 10,565 7% PAST DUE LOANS 3, % 2, % 4, % LOAN LOSS RESERVES 18,515 11% 17,970 11% 15,366 10% 4Q10 3Q10 4Q09 Pesos 70% 71% 67% USD 30% 29% 33% Secured * 84% 84% 84% Unsecured 16% 16% 16% * Collateral, real guarantees and guarantors Banco Inbursa Selected Ratios 4Q10 4Q09 System 3Q10 Loans / Total Assets 74.4% 78.1% 38.0% NPL / Loan Portfolio 2.0% 2.7% 2.5% LLR / NPL (times) Non Performing Loans At the end of the quarter, non performing loans were substantially reduced from $4,250 MM Ps in 2009 to $3,427 MM Ps in 2010, a 19% decrease. Non Performing Loans MM Ps NPL September 30, ,762.2 MM Ps % - Decreases in NPL % * Recoveries & Restructures % * Write Offs % + Increases in NPL 1, % * Exchange rate effects % * New NPL 1, % NPL December 31, ,426.7 * In 4Q08 Banco Inbursa start to register according to the CNBV regulation instead of registering as past due loan the full amount the day after ant default. 6

7 Commercial Lending Banco Inbursa ranked 2 nd in the Mexican system in commercial lending with a 14% market share as of September Loan portfolio remains well diversified in many sectors such as shown. Loan Portfolio Breakdown by Sector Infastructure & Construction 18% Professional Services Industrie & 3% Manufacture Financial Services 12% 9% Entertainment 7% Mining 13% Commerce 6% Education 2% Real Estate 11% Others 19% Capitalization Banco Inbursa registered a 18.3% TIER 1 Capital ratio as of September This figure compares positively with the 15.2% ratio obtained by the market. MM Ps Credit Risk Assets Capitalization Ratio 3Q10 2Q10 3Q09 Mkt. Avg 3Q10 147, , , ,965,668.4 Tier 1 Capital 25.8% 26.8% 27.9% 25.7% Net Capital 26.1% 27.1% 28.3% 29.1% Total Risk Assets 207, , , ,314,338.6 Risk Management Banco Inbursa s risk management is based on value at risk models with different confidence levels and holding period horizons, and is complemented with stress testing analysis using hypothetical as well as historical scenarios. Credit Risk is analyzed out by the Credit Committee through detailed and individual analysis of each client; additionally econometric models have been implemented to evaluate the probability of default such as the anticipated loss individually and by groups of risk. Tier 1 Capital 18.3% 19.4% 20.8% 15.2% Net Capital 18.5% 19.6% 21.1% 17.2% KIND OF RISK Value at Risk 4Q10 (MM Ps) MARKET VALUE VALUE AT RISK (1) % VAR vs TIER 1 CAPITAL Fixed Income 9, % Derivatives 4, % Equity % Banco Inbursa 14, % TIER 1 CAPITAL (2) 38,389 (1) Value at Risk for 1 day with a confidence level of 95% and using LTM information (2) September 2010 TIER 1 CAPITAL Currency Loan Portfolio* Loan Portfolio 4Q10 (MM Ps) Past Due Loans Loan Loss Reserves Loan Loss Reserve vs Loan Portfolio (%) Loan Loss Resrve vs Past Due Loans MXP 131,412 2,305 11, % 4.8 USD* 47,755 1,119 7, % 6.6 UDI s* % 0.7 Total 179,172 3,427 18, % 5.4 * Both figures, USD and UDI s are expressed in pesos * The total loan portfolio included letters of credit 7

8 AFORE INBURSA (Pension Funds) Afore Inbursa net income posted profits of $801 MM Ps in 2010 compared with $398 MM Ps in This is mainly explained by reducing $408 MM Ps the acquisition cost from $560 MM Ps in 2009 to $152 MM Ps in Assets under management reached $119,118 MM Ps in 2010 compared with $116,488 MM Ps in 2009, a 2% increase. Selected Figures Affiliate Base & Assets Under Management Assets under management reached $119,118 MM Ps in 2010 a 2% increase if compared with same period last year. Market share stood at 9% in Afore Inbursa is ranked the five in the Afore system measured by assets under management. Affiliate base amounted to 997,435 clients in Active workers base was 29.98% in 2010 vs 30.73%, in Acquisition cost was substantially reduced from $560 MM Ps 2009 vs $152 MM Ps in 2010, a 73% decrease. Stockholders equity stood at $1,710 MM Ps in 2010, 7% increase relative to the same period of the previous year. It s worth mentioning that Afore Inbursa paid $688 MM Ps dividends during the year. MM Ps 4Q10 3Q10 4Q09 12M10 12M09 % chg Comission Income , , % General Expenses (71.7) (108.8) (105.1) (374.1) (787.1) -52.5% Administrative Expenses (16.1) (16.0) (13.9) (64.3) (62.9) 2.2% Operating Expenses (32.4) (42.2) (48.6) (157.8) (164.4) -4.0% Acquisition cost (23.2) (50.6) (42.7) (152.0) (559.8) -72.9% Depreciation & Amortization (1.1) (1.1) (1.2) (4.4) (5.0) -11.8% Operating Income , % Other Income % Net Income % Investments 1, , , , , % Fixed Assets % Total Assets 1, , , , , % Stockholders'Equity 1, , , , , % Affiliate Quality 4Q10 3Q10 4Q09 Mkt. Share 4Q10 Total Clients (# ) 3,326,797 3,360,963 3,359, % Affiliates (# ) 997,435 1,024,487 1,032, % Assets Under Mngmt. (MM Ps) Avg. Min. Wages per Affiliate 119, , , % 4Q10 3Q10 4Q09 Mkt. Avg 4Q Active Workers/Affiliate 29.98% 30.48% 30.73% 33.08% Assets Under Management 4Q08-4Q10 (MM Ps) 87,478 98, , , , , , , ,118 4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 8

9 SEGUROS AND PATRIMONIAL INBURSA (Insurance) Seguros Inbursa net income decreased 14% from $1,107 MM Ps in 2009 to $951 MM Ps in This result is mainly explained by two factors: 1) An important fee collected in 2009 from the Pemex P& C coverage and, 2) Higher P & C claims related to catastrophic events (Mexicali earthquake and Alex & Karl hurricanes) in On a quarterly basis, net income reached $461 MM Ps in 4Q10 compared with $312 MM Ps and $67 MM Ps in 3Q10 and 4Q09, respectively. Financial Information MM Ps 4Q10 3Q10 4Q09 12M10 12M09 % chg Direct Premiums 3, , , , , % Reserves Provisions (158.3) % Technical Income , , % Net Financial Income , , % Net Income , % Assets 42, , , , , % Investments 25, , , , , % Reserves 30, , , , , % Stockholders'Equity 6, , , , , % Premiums Breakdown Seguros + Patrimonial Line of business Breakdown 12M10 Growth Rate 12M10 vs 12M09 Combined Ratio 12M10 Combined Ratio 12M09 Combined Ratio Breakdown Growth Rate 12M10 12M10 12M10 vs 12M09 P&C 32.9% -67.3% 104.1% 68.2% 100.7% 31.8% -66.2% Automobile 26.0% 29.4% 96.0% 94.6% 96.2% 23.8% 29.3% Life 27.1% -28.1% 109.9% 100.2% 100.9% 31.5% -21.7% A & H 14.0% 9.7% 92.0% 90.4% 92.0% 12.9% 9.6% Total 100% -41.6% 100.1% 92.6% 97.1% 100.0% -39.2% Stockholders equity of Seguros Inbursa stood at $6,554 MM Ps in 2010 compared with $5,586 MM Ps same period previous year. 9

10 PENSIONES INBURSA (Annuities) Pensiones Inbursa s net income posted profits of $584 MM Ps in 2010 compared with $741 MM Ps in the same period previous year. Stockholders equity reached $5,792 MM Ps in Dec 2010 compared with $5,210 MM Ps in Dec 2009, a 11% increase. Selected Financial Information MM Ps 4Q10 3Q10 4Q09 12M10 12M09 % chg Direct Premiums % Reserves Provisions (10.0) % Acquisition cost N.A. Technical Income (380.0) (207.9) (281.1) (1,045.4) (976.5) N.A. Net Financial Income , , % Income from Subs.* % Net Income % Assets 21, , , , , % Investments 20, , , , , % Reserves 15, , , , , % Stockholders'Equity 5, , , , , % * Promotora Inbursa 10

11 OPERADORA INBURSA (Mutual Funds) Assets under management stood at $80,684 MM Ps at the end of 2010, compared with $63,356 MM Ps in 2009, 27% more. FONDO INBURSA December, 2010 Inbursa holds the highest profitability in USD for the last 29 years (Mar 81 - Dec 10) 20.41% 14.52% Yearly Average 8.60% 7.61% 2.56% Inbursa Mexbol Dow Jones Cetes Inflation Mutual Funds (December, 2010) FUND PORTFOLIO ASSETS (MM Ps) ANUALIZED RETURN ANUALIZED RETURN MKT AVG. MSE DINBUR Fixed Income 5, % 3.70% INBUREX Fixed Income 11, % 4.48% INBUMAX Fixed Income 9, % 3.70% INBURSA Stock s, Bonds 11, % 12.78% FONIBUR Stock s, Bonds 18, % 12.78% IBUPLUS Stock s, Bonds 24, % 12.78% 20.02% * MSE= Mexican Stock Exchange 11

12 Inversora Bursatil posted profits of $931 MM Ps in 2010 vs $588 MM Ps in This result is manly explained by: higher fee income due to more client transactions and market related gains in the period. INVERSORA BURSATIL (Brokerage House) Select Figures MM Ps. 4Q10 3Q10 4Q09 12M10 12M09 % chg Operating Margin % Interest Income , , % period. Net Income % Total Assets 54, , , , , % Investment Portfolio Stockholders' Equity 11, , , , , % 4, , , , , % Assets in Custody 2,677, ,504, ,054, ,677, ,054, % FIANZAS GUARDIANA INBURSA (Bonding) Net income reached $436 MM Ps in 2010 vs $347 MM Ps same period previous year, a 26% increase. Stockholders equity stood at $2,302 MM Ps, a 23% increase if compared with Selected Financial Information MM Ps 4Q10 3Q10 4Q09 12M10 12M09 % chg Direct Premiums % Technical Income % Earnings From Investments % Net Income % Total Assets 3, , , , , % Investments 3, , , , , % Reserves 1, , % Stockholders' Equity 2, , , , , % 12

13 APPENDIX Banco Inbursa 13

14 CAPITALIZATION As of November 30, 2010 (MM Ps) TIER 1 CAPITAL 39,255 STOCKHOLDERS'EQUITY 46,290 SUBORDINATED DEBT & CAPITALIZATION INSTRUMENTS LESS: INVESMENT IN SUBORDINATED DEBT 1,924 INVESTMENTS IN FINANCIAL INSTITUTIONS 3,824 INVESTMENTS IN NON-FINANCIAL INSTITUTIONS 1,283 FINANCING GRANTED FOR THE AQUISITION OF SHARES OF THE BANK OR OTHER GROUP SUBSIDIARIES EXCESS ON DEFERRED TAXES RESTRUCTURING CHARGES & OTHER INTANGIBLES PREVENTIVE RESERVES PENDING TO BE CONSTITUITED AND CONSTITUITED OTHER ASSETS TIER 2 CAPITAL 435 CAPITALIZATION INSTRUMENTS GENERAL PREVENTIVE RESERVES 435 SUBORDINATED DEBT TIER 1 & 2 CAPITAL 39,690 RISK - WEIGHTED ASSETS MARKET RISK - WEIGHTED ASSETS RISK WEIGHTED ASSETS REQUIRED CAPITAL PESO NOMINAL INTEREST RATE OPERATIONS 22,856 1,828 PESO OR UDI REAL INTEREST RATE OPERATIONS FOREIGN CURRENCY NOMINAL INTEREST RATE 10, POSITION IN UDIS OR WITH A RETURN INDEXED TO INFLATION 11 1 POSITIONS IN FOREIGN CURRENCY OR INDEXED TO THE FX RATE 3, POSITIONS IN SHARES OR INDEXED TO THE PRICE OF SECURITIES 2, TOTAL 39,713 3,177 GROUP I CREDIT RISK - WEIGHTED ASSETS RISK WEIGHTED ASSETS REQUIRED CAPITAL GROUP II GROUP III 8, GROUP IV GROUP V 1, GROUP VI 7, GROUP VII 113,586 9,087 GROUP VIII 2, SUB-TOTAL 135,615 10,849 CAPITAL REQUIREMENTS ON: PERMANENT EQUITY, FURNITURE & EQUIPMENT, PREPAYMENTS AND DEFERRED CHARGES 2, TOTAL 138,443 11,075 OPERATIONAL RISK - WEIGHTED ASSETS RISK WEIGHTED ASSETS REQUIRED CAPITAL CAPITAL REQUIRMENTS FOR OPERATIONAL RISK 15,868 1,269 SUB-TOTAL 15,868 1,269 REQUIRMENT FOR TOTAL RISKS 194,024 15,521 14

15 INVESTMENT IN SECURITIES December 31, 2010 (Constant 000 s Pesos as of December 31, 2010) TRADING PORTFOLIO 9,178,064 Securities 7,283,114 Government Securities 171,915 Bankers Acceptances Cebur s 1,723,035 SECURITIES HELD FOR SALE 1,563,002 Bonds 1,563,002 SECURITIES HOLD TO MATURITY 896,229 Credit Link 896,229 Bonds REPURCHASE PORTFOLIO December 31, 2010 (Constant 000 s Pesos as of December 31, 2010) REPURCHASE AGREEMENTS 17,980,755 Cetes 2,613,173 Bondes 15,367,582 Bankers Acceptances 0 RESELL AGREEMENTS 12,829,655 Cetes 2,613,173 Bondes 10,216,482 Bankers Acceptances 0 DEFERRED TAXES December 31, 2010 (Constant 000 s Pesos as of December 31, 2010) TOTAL DEFERRED TAXES 1,322,397 Negotiable Financial Instruments 136,285 Negotiable Financial Instruments valuation (except stocks) 27,713 Credit Link 14,099 Stocks 37,415 Foreign stocks (San Antonio Oil & Gas) -1,358 Ternium good will amortization 13,874 Sinca s good will amortization -7,191 Chrysler good will amortization 1,627 Discount amortization Credit Suisse 3,889 Televisa good will amortization 3,653 Gerdau good will amortization 3,085 Invex goodwill amortization 8,069 Cablevision goodwill amortization CIE goodwill amortization 23 CFE good will amortization 2,487 Rosarito goodwill amortization 39,687 NYT warrant prime amortization 29,623 NYT deduction -6,001 Comimision deduction -5,477 Financial leasing deduction -18,719 Fix assets deduction -10,810 Other reserves deduction -22,451 Fiscal Diference valuation (Forwards) 220,480 Futures -2,243 Swaps valuation -7,831 Fiscal Diference valuation (Swaps) -159 Swaps 805,031 Warrants valuation 15,402 Financial Instruments Valuation (Bonds) 50,562 Swaps Valuation (2007 and before) -8,367 15

16 LOAN PORTFOLIO (Constant MM Pesos as of December 31, 2010) PERFORMING LOANS 4Q10 NON PERFORMING LOANS Commercial 126,302 3,176 Interbank 9,903 Consumer 7, Mortgages 1, Government 27,066 Total 172,189 3,427 LOAN PORTFOLIO 4Q10 Total Loan Portfolio 175,615 Loan Loss Reserves 18,515 TOTAL LOAN PORTFOLIO (NET) 157,100 PERFORMING LOANS LOAN PORTFOLIO BREAKDOWN BY CURRENCY PESOS UDI s USD TOTAL BANK Commercial 88,169 39, ,202 Interbank 7,439 2,464 9,903 Consumer 7, ,721 Mortgages Government 24,195 2,871 27,066 Total Performing Loans 127, , ,188 NON PERFORMING LOANS Commercial 1,940 1,115 3,055 Interbank 0 Consumer Mortgages Government 0 Total Non Permorming Loans 2, ,119 3,427 INBURSA: ALLOWANCE FOR LOAN LOSS RESERVES Loan Loss Reserves at September 30, 2010 (constant million pesos as of September 30, 2010) 17,970 - Adjustment for inflation Jun 10 - Sep Loan Loss Reserves at September, 2010 (million nominal pesos) 17,630 + Provisions recorded during the period 1,010 + Currency valuation & other -124 Loan Loss Reserves at December 31, ,515 16

17 The risk rating of the lines of credit and the necessary preventive reserves are calculated according to the standard process established in the circular 1480 of the national banking and securities commission (CNBV) dated September 29, 2000 LOAN PORTFOLIO RATINGS (Constant MM Pesos as December 31, 2010) Loan Subject to Clasification Loan Loss Reserves LOAN PORTFOLIO 179, ,779.3 Commercial Loans 133, ,593.0 Risk "A" 39, Risk "B" 75, ,539.1 Risk "C" 10, ,311.2 Risk "D" Risk "E" 7, ,364.5 Except Federal Government Past Due Interest 11.5 Interbank Loans 9, Risk "A" 5, Risk "B" 2, Risk "C" 1, Risk "D" Risk "E" Mortgages Loans 1, Risk "A" 1, Risk "B" Risk "C" Risk "D" Risk "E" Consumer Loans 7, Risk "A" 6, Risk "B" Risk "C" Risk "D" Risk "E" Federal Government Loans 27, Risk "A" 19, Risk "B" 6, Risk "C" 1, Risk "D" Risk "E" Aditional Reserves (Constant MM Pesos as of December 31, 2010) PORTFOLIO REQUIRED RESERVES Risk % of risk Notional % in provision Notional A 40.4% 72,439 0% % 486 B 47.5% 85,054 1% % 7,154 C 7.5% 13,359 20% % 2,790 D 0.4% % % 522 E 4.2% 7,554 90% - 100% 7,552 Subtotal 100% 179,172 18,504 Plus: Plus: Non-Classified portfolio - - Aditional estimates 276 Plus: Exceptued portfolio 0.0% 0 Total Credit Portfolio 100% 179,172 Total Reserves 18,780 NOTES: 1.- ACCOUNTING INFORMATION RELATIVE TO THE LOAN CLASSIFICATION OF THE PORTFOLIO FOR THE QUARTER ENDING DECEMBER , WITH A RISK EXPOSURE RATE OF THE PORTFOLIO BASED UPON THE RATINGS GRANTED AS OF DECEMBER 31, THIS PROCEDURE FOLLOWS THE GUIDE LINES OF THE CNBV. 2.- IN ACCORDANCE WITH LOAN CLASSIFICATION RULES, THE INSTITUTION IS OBLIGED TO GRADE INDIVIDUALLY AT LEAST 80% OF ITS LOAN PORTFOLIO SUBJECT TO RATING. 3.- BASE LOAN PORTFOLIO CLASSIFIED INCLUDES CONTINGENT OPERATIONS SHOWN IN ITS CORRESPOPNDING GROUP FOR MEMORANDOM ACCOUNTS AT THE END OF THE CONSOLIDATED BALANCE SHEET REPORTED ON DECEMBER 31, IN ACCORDANCE WITH THE REGULATION, PREVENTIVE RESERVES INCLUDES THE MORTGAGE PORTFOLIO PROVISIONS AS OF DECEMBER 31, 2010 FOR $3 $14 $25 $35 AND $49 THAT CORRESPONDS TO RISKS "A", "B", "C", "D" AND "E", RESPECTIVELY. 5.- IN ACCORDANCE WITH THE REGULATION, PREVENTIVE RESERVES INCLUDES THE CONSUMER PORTFOLIO PROVISIONS AS OF DECEMBER 31, 2010 FOR $32 $52 $59 $396 AND $138 THAT CORRESPONDS TO RISKS "A", ", "B", "C", "D" AND "E", RESPECTIVELY. 6.- IN ACCORDANCE WITH THE REGULATION, PREVENTIVE RESERVES INCLUDES AN ADJUSTMENT OF $11 THAT CORRESPONDS TO THE ADDITIONAL PROVISIONS FOR INTEREST PAYABLE OVER PAYABLE PORTFOLIO 7.- PREVENTIVE RESERVES INCLUDES $264 THAT CORRESPONDS TO ADITIONAL RESERVES FOR OPERATIONAL RISKS. 8.- THE OUTCOME OF THIS CREDIT RISK RATING IS INCLUDED IN THE CONSOLIDATED BALANCE SHEET REPORTED AS OF DECEMBER 31, 2010 MATURITY TOTAL (000 s) 1 to 7 days 14 8 days to 1 month 1 to 3 months 4,926,995 3 to 6 months 6 to 9 months 10,825 9 months to 1 year 1 to 2 years 322,367 2 to 3 years 3 to 4 years 4 to 5 years 5 to 7 years 527,009 7 to 9 years more than 9 TOTAL 5,787,210 17

18 CNBV GAAP Financial Statements 18

19 GRUPO FINANCIERO INBURSA Consolidated Income Statement (quarterly) Million Pesos Acumulated Jan-Dec (MM Ps.) 3Q09 4Q09 1Q10 2Q10 3Q10 4Q Interest Income 5, , , , , , , ,093.7 Interest Expense (2,485.3) (2,467.8) (2,223.4) (2,384.5) (2,336.0) (2,281.4) (9,225.2) (11,859.9) FINANCIAL MARGIN 2, , , , , , , ,233.8 Loan Loss Provisions 1, , , , , , ,069.1 RISK ADJUSTED NII 1, , , , , , ,164.6 Comissions & Tariffs , , ,487.6 Market-Related Income , (645.1) 1, , ,772.7 TOTAL OPERATING INCOME 2, , , , , , , ,424.9 Administrative Expenses , , ,863.9 OPERATING INCOME 1, , , , , , ,561.0 Other Expenses (Products) (570.9) (179.5) (237.2) (177.4) (387.5) (981.6) (866.3) NET INCOME BEFORES TAXES 2, , , , , , ,427.3 Income Tax & Employee profit sharing , ,004.1 Deferred Taxes (179.8) NET INCOME BEFORE SUBSIDIARIES 1, , , , , , ,518.2 Participated net income from subs , , ,572.2 RESULTS FROM CONTINUED OPERATION 2, , , , , , ,090.5 Extraordinary Income NET INCOME 2, , , , , , ,090.5 MINORITARY INTEREST

20 GRUPO FINANCIERO INBURSA Consolidated Balance Sheet Million Pesos ASSETS Sep-09 Dic-09 Mar-10 Jun-10 Sep-10 Dic-10 Cash & due from Banks 23, , , , , ,487.2 Margin Accounts , Financial Instruments 34, , , , , ,056.8 Negotiable 29, , , , , ,597.5 For Sale 2, , , , , ,563.0 Held to Maturity 2, , , , Unlisted Securities Repos & Derivatives 68, , , , , ,437.2 Repo Operations 63, , ,221.3 Securities to be received in credit Operations Derivatives 5, , , , , ,216.0 Adjusted Valuation for Financial Assets 3, , , , , ,159.7 LOANS 146, , , , , ,605.7 Commercial 118, , , , , ,714.0 Interbank 9, , , , , ,903.7 Consumer 6, , , , , ,726.7 Housing 1, , , , , ,195.6 Governments 11, , , , , ,065.7 FOBAPROA/IPAB PAST-DUE LOANS 4, , , , , ,605.6 TOTAL GROSS LOANS 151, , , , , ,211.3 Loan Loss Reserves 14, , , , , ,846.2 TOTAL NET LOANS 136, , , , , ,365.1 Receivables,Sundry Debtors & Adv. Payments 8, , , , , ,004.9 Fixed Assets (net) 2, , , , , ,204.6 Repossessed Assets , Permanent Equity Investments 18, , , , , ,425.6 Deferred Taxes (net) Other assets,deferred charges & intangible 1, , , , , ,470.0 TOTAL ASSETS 296, , , , , ,

21 LIABILITIES Sep-09 Dic-09 Mar-10 Jun-10 Sep-10 Dic-10 DEPOSITS 134, , , , , ,602.7 Demand Deposits 47, , , , , ,733.9 Time Deposits 86, , , , , ,199.8 Unsecured Notes (CEBURES) , ,669.0 INTERBANK LOANS & OTHER 6, , , , , , , , , , , ,996.7 Repo Operations 77, , , , , ,081.9 Credit related operations Derivatives 10, , , , , ,914.8 Adjusted valuation for Financial Liabilities OTHER ACCOUNTS PAYABLE 6, , , , , ,996.7 Income tax & Employee profit sharing , Other accounts payable 5, , , , , , DEFERRED TAXES 1, , , , , ,510.4 DEFERRED CREDITS , , ,120.3 TOTAL LIABILITIES 236, , , , , ,100.9 STOCKHOLDERS' EQUITY SUSCRIBED CAPITAL 27, , , , , ,408.5 Paid-in Capital 14, , , , , ,206.5 Share Subscription Premium 13, , , , , ,202.0 Subordinated debt EARNED CAPITAL 32, , , , , ,623.7 Capital Reserves 3, , , , , ,098.4 Retained Earnings 23, , , , , ,694.7 Valuation surplus (Deficit) of available for sale instruments (972.5) (972.5) (972.5) (972.5) (972.5) (972.5) Result from conversion of foreign transactions Valuation effects on affiliates and associated firms Surplus (deficit) from Equity Restatement Net Income of the period 6, , , , , ,803.1 Minority Interest TOTAL STOCKHOLDERS EQUITY 59, , , , , ,130.1 LIABILITIES & STOCKHOLDERS' EQUITY 296, , , , , ,

22 GRUPO FINANCIERO INBURSA MEMORANDUM ACCOUNTS Million Pesos DECEMBER 2010 Guarantees granted Contingency Assets and Liabilities 48,800.2 Credit Commitments 2,815.9 Goods in Trust or Mandate 412,131.8 Trusts 411,391.1 Mandate Federal Government Financial Agent Assets under custody or administration 1,083,822.6 Collaterals recieved 96,380.2 Other accounts 989, ,633,

23 GRUPO FINANCIERO INBURSA STATEMENT OF CHANGES IN FINANCIAL SITUATION AT DECEMBER 31, 2010 (MM PS) Dic-10 OPERATING ACTIVITIES Net Income 5,564 Subsidiaries' Income Depreciation & Amortization 265 Loan Loss Reserves 4,611 Market Related Result Valuation Result 599 Minoritary Interest Provisions Deferred taxes ,258 Cash increase (decrease) from funding 17,138 Cash increase (decrease) from Loan Portfolio (17,822) Cash increase (decrease) from Trading Operation Margin Accounts 1,198 Financial Instruments 5,023 Repos Debtors (5,015) Derivatives (Assets) (2,859) Repossed Assets 50 Operative Assets (19,602) Operative Liabilities 25,182 Repos (6,010) Banking Loans & Other Financial Institutions (3,666) Derivatives (Liabilities) 3,363 Others (2,660) (5,680) Cash flow from operating activities 5,579 Financing Activities (1,833) Dividends Payment (1,833) Spin-Offs Cash Flow From Financing Activities (1,833) Investments Activities Buy(sell) of fixed permanent stocks Buy(sell) of fixed assets (76) Receivables,Sundry Debtors & Adv. Payments Subsidiaries (48) Repossessed Property Other assets, deferred charges & intangible Deferred Taxes Other Accounts Payable & Recievable Cash Flow From Investment Activities (123) Net Increase in Cash 3,622 Cash at beginning of the period 15,865 Cash at end of period 19,487 23

24 BANCO INBURSA Consolidated Income Statement Acumulated Million Pesos 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 Dec '10 Dec '09 Interest Income 4, , , , , , , ,309.5 Interest Expense 1, , , , , , , ,433.7 Financial Margin 2, , , , , , , ,875.8 Loan Loss Provisions 1, , , , , , ,061.6 Risk Adjusted Net Interest Income 1, , , , , , ,814.2 Comissions and Fees , ,911.2 Market-Related Income 3.0 1, (564.7) 1, , ,598.5 Operating Revenues 1, , , , , , , ,324.0 Non-Interest Expense , , ,311.7 Operating Income 1, , , , , , ,012.3 Other Income (Expenses) (585.6) Earnings Before Taxes 1, , , , , , ,073.1 Incurred Income Tax & Profit Sharing (41.8) (34.3) 1, Deferred Income Tax (3.0) (167.3) Net Income Before Subsidiaries' Net Income 1, , , , , , ,548.1 Subsidiaries' Net Income 97.6 (13.3) Continous Operations' Net Income 1, , , , , , ,632.4 Discontinued Operations & Extraordinary Items Minority Interest (20.3) (9.3) (19.4) (4.2) (114.5) (46.9) (185.0) (20.4) Net Income 1, , , , , , ,

25 BANCO INBURSA Consolidated Balance Sheet Million Pesos Assets 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 Cash & Due From Banks 23, , , , , ,221.5 Margin Accounts , Financial Instruments 13, , , , , ,582.0 Negotiable 8, , , , , ,122.7 For Sale 2, , , , , ,563.0 Held to Maturity 2, , , , Unlisted Securities Repos & Derivatives 12, , , , , ,367.1 Repo Operations 7, , ,151.1 Securities to be received in credit Operations Derivatives 5, , , , , ,216.0 Adjusted Valuation for Financial Assets 3, , , , , ,159.6 LOANS 147, , , , , ,189.0 Commercial 119, , , , , ,302.7 Interbank 9, , , , , ,903.2 Consumer 6, , , , , ,721.8 Housing 1, , , , , ,195.6 Governments 11, , , , , ,065.7 FOBAPROA Past-Due Loans 4, , , , , ,426.7 Total Gross Loans 152, , , , , ,615.7 Preventive Provision for Credit Risks (14,912.9) (15,365.9) (16,038.8) (17,211.9) (17,969.7) (18,515.4) Total Net Loans 137, , , , , ,100.3 Receivables,Sundry Debtors & Adv. Payments 8, , , , , ,821.6 Fixed Assets (net) Repossessed Property , Permanent Equity Investments 5, , , , , ,121.5 Deferred taxes (net) Other assets,deferred charges & intangible TOTAL ASSETS 205, , , , , ,

26 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 Deposits 134, , , , , ,609.1 Demand Deposits 47, , , , , ,737.0 Time Deposits 87, , , , , ,203.1 Unsecured Notes (CEBURES) , ,669.0 Interbank Loans & Other 6, , , , , ,874.0 Repo Operations 6, , Credit Related Operations Derivatives 10, , , , , ,914.8 Other Accounts Payable 5, , , , , ,154.5 Income Tax & Employee Profit Sharing , Deferred Taxes 1, , , , , ,914.7 Deferred Credits , , ,113.5 TOTAL LIABILITIES 164, , , , , ,902.9 SUSCRIBED CAPITAL 25, , , , , ,264.3 Paid-in Capital 17, , , , , ,579.5 Share subscription premium 7, , , , , ,684.8 EARNED CAPITAL 16, , , , , ,163.8 Capital Reserves 5, , , , , ,962.4 Retained Earnings 6, , , , , ,688.8 Income of Changes on Accounting Principles Available for Sale (136.2) Surplus (deficit) from equity restatement Net income of the period 3, , , , , ,308.2 Minority Interest Total Stockholders Equity 41, , , , , ,428.0 LIABILITIES & STOCKHOLDERS EQUITY 205, , , , , ,

27 MEMORANDUM ACCOUNTS Million Pesos 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 Guarantees Granted Other Contingent Obligations Irrevocable Lines of Credit Granted 2, , , , , ,815.9 Goods in Trust or Mandate 322, , , , , ,131.8 Investment Banking Operations on Behalf of Third Parties Goods in Custody or Under Administration 579, , , , , ,082,673.3 Collaterals received 148, , , , , ,878.3 Amounts Contracted in Derivative Instruments Other accounts 892, , , , , , ,945, ,953, ,866, ,025, ,129, ,515,626.0 Receivables on Repurchase Agreements Repurchase Agreement Creditors Net Repurchase Agreement Debtors Payables on Repurchase Agreements Net

28 BANCO INBURSA, S.A. STATEMENT OF CHANGES IN FINANCIAL SITUATION AT DECEMBER 31, 2010 (MM PS) Dic-10 OPERATING ACTIVITIES Net Income 4,308 Subsidiaries' Income (348) Depreciation & Amortization 143 Loan Loss Reserves 4,301 Market Related Result Valuation Result Minoritary Interest Provisions Deferred taxes 967 9,371 Cash increase (decrease) from funding 16,954 Cash increase (decrease) from Loan Portfolio (18,886) Cash increase (decrease) from Trading Operation (1,070) Margin Accounts 1,198 Financial Instruments (2,660) Repos debtors (4,931) Derivatives (Assets) (2,544) Repossed Assets 50 Operative Assets (19,473) Sundry creditors Collaterals Banking Loans & Other Financial Institutions (1,623) Derivatives (Liabilities) 3,363 Operative Liabilities 23,789 Others (5,833) Cash flow from operating activities 3,538 Financing Activities 0 Dividends Payment Spin-Offs Cash Flow From Financing Activities 0 Investments Activities Buy(sell) of fixed permanent stocks (35) Buy(sell) of fixed assets (116) Receivables,Sundry Debtors & Adv. Payments Deferred Charges Repossessed Property Other assets, deferred charges & intangible (31) Deferred Taxes Other Accounts Payable & Recievable Cash Flow From Investment Activities (182) Net Increase in Cash 3,356 Cash at beginning of the period 15,865 Cash at end of period 19,221 28

29 OPERADORA INBURSA Income Statement Acumulated Million Pesos 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 Dec '10 Dec '09 Earnings from Investment Sales Asset Management Income Earnings form Interest Unrealized Gain on Portfolio Valuation 1.7 (0.1) 20.6 (9.3) Total Earnings General Expenses Total expenses Earnings Before Taxes Incurred Income Tax & Profit Sharing Net Income Before Deferred Accounts Earnings from subsidiaries (1.1) Unadjusted for monetary position result Net income result actualization Net income

30 OPERADORA INBURSA BALANCE SHEET Million Pesos ASSETS 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 Cash Banks Negotiable Instruments Sundry Debtors Provisional Payments Permanent investments Receivable Taxes TOTAL ASSETS 1, , , ,198.8 LIABILITIES & STOCKHOLDERS' EQUITY Sundry Creditors Payable Taxes Deferred Income Tax TOTAL LIABILITIES STOCKHOLDERS' EQUITY Stockholders' Equity Legal Reserve Retained Earnings Surplus (deficit) from equity restatement Net income TOTAL STOCKHOLDERS EQUITY TOTAL LIABILITIES & STOCKHOLDERS EQUITY 1, , , ,