GRUPO SENDA AUTOTRANSPORTE, S.A. DE C.V. ANNOUNCES FOURTH QUARTER AND TWELVE MONTH RESULTS AS OF DECEMBER 31, 2008

GRUPO SENDA AUTOTRANSPORTE, S.A. DE C.V. ANNOUNCES FOURTH QUARTER AND TWELVE MONTH RESULTS AS OF DECEMBER 31, 2008 Monterrey, Nuevo Leon, Mexico February 26, 2009 Grupo Senda Autotransporte, S.A. de C.V. ( the Company or Grupo Senda ) today announced results for the fourth quarter (4Q) and twelve months (12M) ended December 31, 2008. All peso amounts are presented in nominal pesos as of December 31, 2008, per Mexican Financial Reporting Standards (NIFs). 4Q As of December 30 2008 2007 % 2008 2007 % Revenue 776,234 781,931-0.7% 3,101,126 2,968,427 4.5% Operating Expenses 753,606 676,040 11.5% 2,823,162 2,538,795 11.2% EBIT 22,628 105,891-78.6% 277,964 429,632-35.3% EBITDA 104,992 190,026-44.7% 611,438 762,719-19.8% EBITDA mgn 13.5% 24.3% 19.7% 25.7% Net income -439,500-4,925-8,823.9% -552,228 101,276-645.3% Net income mgn -56.6% -0.6% -17.8% 3.4% CAPEX 23,596 36,100 312,206 44,400 (Figures in thousands of pesos.) FINANCIAL HIGHLIGHTS (For the twelve months ended December 31, 2008 vs. 2007): Revenues increased 4.5% to Ps. 3,101.1 million Operating expenses increased 11.2% to Ps. 2,823.2 million Operating income decreased 35.3% to Ps. 278.0 million EBITDA decreased 19.8% to Ps. 611.4 million Net income decreased 645.3% to negative Ps. 552.2 million FINANCIAL HIGHLIGHTS (4Q08 vs. 4Q07): Revenues decreased 0.7% to Ps. 776.2 million Operating expenses increased 11.5% to Ps. 753.6 million Operating income decreased 78.6% to Ps. 22.6 million EBITDA decreased 44.7% to Ps. 104.9 million Net income decreased 8,823.9% to negative Ps. 439.5 million RESULTS BY SEGMENT (for the twelve months ended December 31, 2008 vs. 2007): Passenger Transport Service revenue increased 3.8% to Ps. 2,509.3 million, mainly due to a 9.3% increase in operating volume and a 5.1% decrease in revenue per kilometer (RPKs). Operating income decreased 44.4% to Ps. 180.8 million due to the aforementioned decrease in revenue per kilometer and a 1.8% increase in cost per kilometer. Personnel Transport Service revenue increased 7.4% to Ps. 591.8 million, mainly due to a 3.2% increase in RPKs and a 4.0% increase in operating volume. Operating income decreased 7.2% to Ps. 97.2 million, mainly caused by a 6.5% increase in cost per kilometer (CPKs). Investor Relations Contacts: Jose Juan Gonzalez, Investor Relations Officer Grupo Senda Autotransporte, S.A. de C.V. Bernardo Reyes 3810 Nte. Col Popular, Monterrey, N.L. Tel: +52 81 8151 4475 jose.gonzalez@gruposenda.com

RESULTS BY SEGMENT (4Q08 vs. 4Q07): Passenger Transport Service revenue increased 0.2% to Ps. 630.6 million, mainly due to a 14.9% increase in operating volume and a 12.8% decrease in RPKs. Operating income decreased 83.3% to Ps. 13.5 million due to the aforementioned decrease in RPKs. Personnel Transport Service revenue decreased 4.4% to Ps. 145.6 million, primarily due to a 9.1% decrease in RPKs. Operating income decreased 63.2% to Ps. 9.0 million. Comments from the Chief Executive Officer: During 2008, Senda reached its passenger volume objectives. Despite the current global economic situation, the Company has been able to maintain growth and overcome the difficult market environment. EBITDA, however, was affected by competitive pressure, fuel increases throughout the year, as well as the devaluation of the Mexican Peso versus the U.S. Dollar. In the fourth quarter of 2008, revenues declined 0.7% and for the twelve-month period, the Company experienced a 4.5% increase as a result of its bus ticket price discount strategy, which yielded rapid market share growth in Central Mexico routes. Senda achieved steady sales growth in 2008 and looking ahead to 2009, the Company expects to continue its market share growth strategy in Central Mexico, as well as on route expansion into the U.S. market. During 2008, cost per kilometer increased 2.9% compared to 2007, mainly due to higher inflation levels, fuel price increases and the Company s growth strategies that generate expenses related to additional revenues. However, during the fourth quarter of 2008, cost per kilometer declined 1.1% compared to 2007 as a result of additional operating volume, as well as lower maintenance expenses, resulting from investments made in bus security and image enhancement in previous quarters. As of December 31, 2008, the Company had a very strong position in terms of liquidity. Senda s balance of cash and equivalents at year end reached 191.2 million pesos, including available working capital credit lines. At the same time, 2009 debt amortizations were in-line with Senda s expected cash generation levels. Furthermore, Senda does not possess any U.S. Dollar amortization until 2015, nor does the Company have any exposure to derivative instruments. Looking forward, during the coming months, the Company expects the continuation of a difficult market environment, including the current global recession and challenging industry dynamics, which are similar to what we experienced in 2008 and will impact operations. However, the Company expects such effects will be partially offset by the continued implementation of a contingency plan based on substantial cost reductions through operating synergies, headcount adjustments and improved logistics. OPERATING RESULTS Total Revenue For the twelve months ended December 31, 2008, total revenue increased 4.5%, from Ps. 2,968.4 million as of December 31, 2007 to Ps. 3,101.1 million as of December 31, 2008, primarily due to a 8.1% increase in operating volume resulting from service expansion in high potential growth markets in Central Mexico, as well as international routes, and a 13.5% increase in total transported passengers. Page 2 of 13

Total revenue decreased 0.7%, from Ps. 781.9 million in the fourth quarter of 2007 to Ps. 776.2 million in the fourth quarter of 2008, mainly due to an 11.9% decrease in RPKs. The decline in RPK s was due to discounted ticket prices on certain important routes, which was positively offset by a 12.7% increase in operating volume, primarily related to the expansion of operations in high market value routes in Central Mexico, as well as a 14.0% increase of transported passengers. During the fourth quarter 2008, 80.9% of total revenue was derived from passenger transportation services, including 5.6% from the package delivery services business; the remaining 19.1% was derived from the personnel transportation services business. Operating Expenses For the twelve months ended December 31, 2008, total operating expenses increased 11.2%, from Ps. 2,538.8 million as of December 31, 2007 to Ps. 2,823.2 million as of December 31, 2008, 35.4% of this variation was due to an 8.1% increase in operating volume. The remaining 65.6% was due to a 2.9% increase in cost per kilometer. 54.4% of the increase in cost per kilometer resulted from higher inflation, while 11.6% of the variation stems from the 25.2% increase in kilometers in the U.S., which are 48.2% more expensive than domestic kilometers. 33.2% of the cost per kilometer increase was derived from brand positioning expenses, 17.5% from the bus security and image enhancement campaign, 14.1% was attributable to the above-mentioned fuel price increase and 7.3% was related to an increase in operating leases. These increases were positively offset by lower bus maintenance costs, resulting from the bus security and image enhancement strategy implemented by Senda during the first nine months of 2008, as well as increased efficiency in garage operations and administrative expense reductions. Total operating expenses increased 11.5%, from Ps. 676.0 million in the fourth quarter of 2007 to Ps. 753.6 million in the fourth quarter of 2008 due to a 12.7% increase in operating volume and a 1.1% decrease in cost per kilometer, primarily driven by the aforementioned cost reductions and efficiencies. The Company is making substantial progress in lowering controllable costs. During the fourth quarter of 2008, costs associated with the Company s security and image enhancement campaign ended, resulting in significant savings in bus maintenance costs. Following are some of the key operating costs: Transportation costs include driver wages and compensation, maintenance of equipment, toll fees, driver travel expenses, insurance and bus operating lease costs, among others. For the twelve months ended December 31, 2008, transportation costs increased 10.7% from Ps. 1,181.5 million as of December 31, 2007 to Ps. 1308.0 million as of December 31, 2008, mainly due to an increase in operating volume, which represents 50.8% of the variation, a general cost increase of 6.5% (inflation rate), which represents 55.3%, and to the bus security and image improvement strategy, which represents a net effect of 4.0% of the variation. The total transportation cost increase was also offset by the aforementioned garage operations efficiency enhancement, which led to a 53.4% decline in fixed transportation costs compared to 2007. This reduction offset the total variation in transportation costs by 18.0%. For the fourth quarter of 2008, transportation costs increased 0.7% from Ps. 326.7 million in the fourth quarter of 2007 to Ps. 329.2 million in the fourth quarter of 2008, mainly due to a 12.7% increase in operating volume and an increase of bus leases and insurance, which were Page 3 of 13

substantially offset by the aforementioned cost and expense reductions, as well as garage operations efficiency. Fuel costs increased 20.9% from Ps. 451.5 million as of December 31, 2007 to Ps. 545.8 million as of December 31, 2008, primarily due to the aforementioned 8.1% increase in operating volume and a net 11.8% price increase due to the 23.8% increase in Mexican diesel fuel during 2008, and a marginal impact derived from the 16.5% average increase in U.S. diesel prices. For the fourth quarter of 2008, fuel costs increased 37.3% to Ps. 164.7 million, primarily due to a 12.7% increase in operating volume and to the aforementioned net impact on the Company s fuel prices. Selling, general and administrative expenses increased 11.0% from Ps. 572.7 million as of December 31, 2008 to Ps. 635.9 million as of December 31, 2008, mainly due to commercial strategies consisting of additional advertising expenses and the strengthening of the sales force, focused on brand positioning in the newly entered markets in the Central Region of Mexico. For the fourth quarter of 2008, selling general and administrative expenses increased 22.1% to Ps. 177.3 million, primarily explained by an exceptional positioning effort that consisted of a strong marketing campaign, and the reinforcement of the sales force based on higher ticket sales volume. Depreciation and amortization expenses increased 0.1% from Ps. 333.1 million as of December 31, 2008 to Ps. 333.5 million as of December 31, 2008. For the fourth quarter of 2008, depreciation and amortization expense decreased 2.1% to Ps. 82.4 million. Operating Income As a result of the above, operating income decreased 35.3% from Ps. 429.6 million as of December 31, 2007 to Ps. 278.0 million as of December 31, 2008. The operating margin also decreased from 14.5% as of December 31, 2007 to 9.0% as of December 31, 2008. On a quarterly basis, operating income decreased 78.6% from Ps. 105.9 million in the fourth quarter of 2007 to Ps. 22.6 million in the fourth quarter of 2008, while the operating margin also decreased from 13.5% in the fourth quarter of 2007 to 2.9% in the fourth quarter of 2008. EBITDA Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased 19.8% from Ps. 762.7 as of December 31, 2007 to Ps. 611.4 million as of December 31, 2008. EBITDA margin also decreased from 25.7% as of December 31, 2007 to 19.7% as of December 31, 2008. On a quarterly basis, EBITDA decreased 44.7% from Ps. 190.0 million in the fourth quarter of 2007 to Ps 104.9 million in the fourth quarter of 2008. EBITDA margin also decreased from 24.3% in the fourth quarter of 2007 to 13.5% in the fourth quarter of 2008. Integral Financing Cost Page 4 of 13

Integral Financing Cost (IFC) increased 230.1% from Ps. 241.1 million as of December 31, 2007 to Ps. 795.7 million as of December 31, 2008, mainly due to a non-cash effect related to the 24.6% depreciation of the Mexican peso, which generated a foreign exchange loss on dollar-denominated debt of Ps. 443.4 million. The remainder of the variation results from monetary position gains on debt related to inflation that are no longer registered according to Mexican Financial Reporting Standards. On a quarterly basis, the integral financing cost increased 821.2% from Ps. 57.2 million in the fourth quarter of 2007 to Ps. 526.8 million in the fourth quarter of 2008, mainly due to the aforementioned reasons. Other Expenses, Net Other expenses, net, increased 7.9% from Ps. 79.7 million as of December 31, 2007 to Ps. 85.9 million as of December 31, 2008. On a quarterly basis, other expenses, net, increased 27.9% from Ps. 28.5 million in the fourth quarter of 2007 to Ps. 36.5 million in the fourth quarter of 2008. Income Tax Grupo Senda recorded an income tax benefit of Ps. 51.4 million as of December 31, 2008 compared to income taxes paid of Ps. 8.0 million as of December 31, 2007, primarily due to the Business Flat Rate (IETU), which resulted in a deferred tax benefit of Ps. 74 million compared to a deferred tax benefit of Ps. 10.4 million in 2007. On a quarterly basis, the Company recorded an income tax benefit of Ps. 91.6 million in the fourth quarter of 2008 compared to an income tax expense of Ps. 26.8 million in the fourth quarter of 2007. Consolidated Net Income As a result of the above, consolidated net income decreased 645.3% from Ps. 101.3 million as of December 31, 2007 to a Ps. (552.2) million net loss as of December 31, 2008. On a quarterly basis, consolidated net income decreased 8,823.9% from a net loss of Ps. (4.9) million in the fourth quarter of 2007 to a net loss of Ps. (493.5) million in the fourth quarter of 2008. RESULTS BY SEGMENT Passenger Transport Services The passenger transportation segment includes passenger transportation and package delivery services. Passenger transport is a ticketed, intercity, scheduled bus transportation service. The package delivery business is developed primarily through the use of excess storage capacity on passenger bus routes, terminals and sales and administrative office infrastructure. Revenues from passenger transportation services increased 3.8% from Ps. 2,417.4 million as of December 31, 2007 to Ps. 2,509.3 million as of December 31, 2008 due to a 9.3% increase in operating volume resulting from an increase in service in high potential growth markets in the Central Region of Mexico such as Mexico Guadalajara, Mexico San Luis Potosí, Mexico Leon, Mexico Queretaro, Mexico Durango, Cuidad Juarez Durango, Durango Chihuahua, Mexico Torreon, Page 5 of 13

Mexico Toluca, among others, as well as in international routes. Transported passengers during 2008 in the Central Region of Mexico grew 45.1% and 16.4% on international routes. The Company has been expanding service and, as a result, experienced accelerated market share increases on high-value Central Mexico routes. This growth was also the result of a 20% increase in market share at Transportes del Norte as of December 31, 2004 to 49% as of December 31, 2008. On a quarterly basis, revenues from the passenger transportation segment increased 0.1% from Ps. 629.7 million for the fourth quarter of 2007 to Ps. 630.6 million for the fourth quarter of 2008 due to a 14.9% increase in operating volume related to the aforementioned increase in service in high potential growth markets and a 12.8% decrease in RPKs. The decrease in RPKs results primarily from the start of operations on the aforementioned routes, which normally begin with relatively low passenger loads and from price discounts related to current industry dynamics. For this period, transported passengers increased 67.9% in the Central Region of Mexico and 8.9% on international routes. New routes initiated during the fourth quarter of 2008 within the international segment included: Austin Piedras Negras, and San Luis Potosi Houston. Operating income from passenger transportation services decreased 44.4% from Ps. 324.9 million as of December 31, 2007 to Ps. 180.8 million as of December 31, 2008, mainly due to the aforementioned cost increase, which resulted from inflation and operating volume increases that represented more than 60% of the variation, as well as other expenses such as brand positioning efforts, the bus security and image enhancement strategy and diesel price increases. On a quarterly basis, operating income from passenger transportation services decreased 83.3% from Ps. 81.3 million in the fourth quarter of 2007 to Ps. 13.5 million in the fourth quarter of 2008 primarily due to the aforementioned increases in costs, as well as the decrease in RPKs related to the current industry dynamics. Passenger Transport Services Operating Data Passenger Transport Services Operating Data As of December, 31 2008 2007 % Total bus Km (Thousands) 247,139 226,041 9.3% Total vehicle fleet 1,308 1,207 8.4% Km per bus (thousands) 189 187 0.9% Revenue per Km 10.2 10.7-5.1% Cost per Km 9.4 9.3 1.8% Revenue per vehicle (Thousands) 1,918 2,003-4.2% 4Q 2008 4Q 2007 % Total bus Km (Thousands) 65,396 56,924 14.9% Total vehicle fleet 1,308 1,207 8.4% Km per bus (thousands) 50 47 6.0% Revenue per Km 9.6 11.1-12.8% Cost per Km 9.4 9.6-2.1% Revenue per vehicle (Thousands) 482 522-7.6% Page 6 of 13

Personnel Transportation Services Personnel transportation services consist of contracted intra-city services to transport personnel and students to industrial and educational facilities. Revenues from personnel transportation services increased 7.4% from Ps. 551.1 million as of December 31, 2007 to Ps. 591.8 million as of December 31, 2008 due to a 4.0% increase in operating volume and a 3.2% increase in RPKs. This resulted from enhanced asset utilization, particularly in the Saltillo, Reynosa and San Luis Potosí markets. However, the personnel transportation segment was affected by the current global economic situation. On a quarterly basis, revenues from personnel transport services decreased 4.4% from Ps. 152.3 million to Ps. 145.6 million due to a 5.2% increase in operating volume and 9.1% decrease in RPKs, which kept operating volume steady despite the slowdown due to macroeconomic reasons. Operating income from personnel transportation services decreased 7.2% from Ps. 104.7 million as of December 31, 2007 to Ps. 97.2 million as of December 31, 2008 due to the previously mentioned increases in operating volume, partially offset by the aforementioned reduction in RPKs and cost and expense increases related to significant inflation, spare part cost increases and higher fuel costs. On a quarterly basis, operating income from personnel transportation services decreased 63.2% from Ps. 24.6 million in the fourth quarter of 2007 to Ps. 9.0 million in the fourth quarter of 2008 mainly due to a 9.1 decrease in RPK as a consequence of the reasons explained above. Personnel Transport Services Operating Data Personnel Transport Services Operating Data As of December, 31 2008 2007 % Total bus Km (Thousands) 71,402 68,635 4.0% Total vehicle fleet 1,203 1,066 12.9% Km per bus (thousands) 59 64-7.8% Revenue per Km 8.3 8.0 3.2% Cost per Km 6.9 6.5 6.5% Revenue per vehicle (Thousands) 492 517-4.8% 4Q 2008 4Q 2007 % Total bus Km (Thousands) 17,753 16,877 5.2% Total vehicle fleet 1,203 1,066 12.9% Km per bus (thousands) 15 16-6.8% Revenue per Km 8.2 9.0-9.1% Cost per Km 7.7 7.6 1.7% Revenue per vehicle (Thousands) 121 143-15.3% Page 7 of 13

NON-OPERATING RESULTS Balance Sheet Highlights and Financial Ratios As of December 31 2008 2007 % Cash & cash equivalents 191,177 213,939-10.6% Current assets 478,106 509,433-6.1% Total assets 4,631,507 4,524,584 2.4% Debt 2,922,485 2,510,843 16.4% Other liabilities 496,716 504,782-1.6% Equity 1,212,306 1,508,959-19.7% EBITDA 611,438 762,719 Interest expenses 352,303 332,075 Debt / EBITDA 4.8x 3.3x Net debt / EBITDA 4.5x 3.0x EBITDA / Interest expenses 1.7x 2.3x Debt Profile As of December 31, 2008, debt reached Ps. 2,922.5 million, with an average maturity schedule of approximately 5.8 years, a slight change compared to the 5.7 years reported at the close of 2007. This aggregate debt amount includes working capital and revolving credit facilities totaling Ps. 200.7 $2,066.1 $221.2 $248.3 $170.9 $15.3 2009 2010 2011 2012 2013 2014 2015 Other Credit Facilities 8yr High Yield Bond Accumulated 2008 CAPEX As of December 31, 2008, Grupo Senda allocated Ps. 312.2 million towards CAPEX, of which Ps. 265.5 million was invested in buses. Of the total investment in buses, 94.3% was destined to the passenger transportation segment and the remaining 5.7% to the personnel transportation segment. The remainder of this CAPEX was derived from investments in technology and fleet improvements. During the fourth quarter of 2008 there was no investments made in new buses. The CAPEX registered was due to the recapitalization of operating leases, fleet improvements and dollar-denominated asset revaluation. Page 8 of 13

Liquidity position The Company s liquidity position is very strong. Compared to September 2008, cash and equivalents maintained very similar levels, with a balance of Ps. 191.2 million as of December 31, 2008. Cash attached to working capital is marginal as more than 70% of the Company s sales are realized in cash. Debt amortization in 2009 amounts to approximately 220 million pesos, which is manageable based on the Company s cash generation levels. The Company does not have any dollar denominated debt amortization until 2015. Furthermore, the Company maintains available working capital and capital expenditure credit lines. The Company does not possess any speculative position in derivative instruments. The net value of hedging positions with derivatives as of December 2008 amounts to approximately US$ 11.1 million in the Company s favor. In the event of liquidity needs, the Company s fleet allows for flexibility in cash allocation for capital expenditures related to bus replacement in the future. # # # # About the Company Grupo Senda is a leading provider of bus transportation services in Mexico, mainly serving the northeastern and central regions of Mexico as well as the state of Texas in the United States. The Company offers scheduled bus passenger service to more than 250 main routes, serving more than 1,000 destinations; throughout 15 states in Mexico and 12 destinations in the United States, with a monthly average of 2,400 daily departures and a fleet of over 1,290 buses. It also offers contracted intra-city service to transport personnel and students to industrial and educational facilities with a fleet of over 1,200 buses. The Company maximizes the use of its fleet by offering packaging delivery services through using excess storage capacity on its passenger bus routes, terminals and sales infrastructure and, at the same time, by offering charter services, in which people may contract buses for special occasions, trips and/or corporate events. Forward-Looking Statements This release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the United States Securities Exchange Act of 1934, as amended (the Exchange Act ). These forward-looking statements include, but are not limited to, statements about our future financial position and results of operations, our strategy, plans, objectives, goals and targets, future developments in the markets where we participate or are seeking to participate and other statements contained in this offering circular that are not historical facts. In some cases, you can identify forwardlooking statements by terminology such as anticipate, believe, continue, could, estimate, expect, forecast, intend, may, plan, potential, predict, should, or will or the negative of such terms or comparable terminology. Such forward-looking statements involve known and unkown risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements expressed or implied by such forward-looking statements to differ materially from historical results or those anticipated. These forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the environment in which we will operate in the future. These risks, some of which are discussed in Risk Factors, include economic and political conditions and government policies in Mexico or elsewhere, fuel prices, regulatory developments, customer demand, seasonality and competition. (FINANCIAL TABLES FOLLOW) Page 9 of 13

Grupo Senda Autotransporte, S.A. de C.V. and Susidiaries Consolidated Income Statement For the Twelve-Month Periods Ended December 31, 2008 and 2007 As of and for the twelve months ended December 31, 2008 2007 % (in thousand of nominal pesos) Operating revenues: Passenger transport services 2,509,319 80.9% 2,417,356 81.4% 3.8% Personnel transport services 591,807 19.1% 551,071 18.6% 7.4% Total operating revenues 3,101,126 100.0% 2,968,427 100.0% 4.5% Operating expenses: Transportation costs 1,307,975 1,181,486 10.7% Fuel costs 545,817 451,513 20.9% Selling, general and administrative expenses 635,896 572,709 11.0% Depreciation and amortization 333,474 333,087 0.1% Total operating expenses 2,823,162 91.0% 2,538,795 85.5% 11.2% Operating result: Passenger transport services 180,769 324,918-44.4% Personnel transport services 97,195 104,714-7.2% Total operating result 277,964 9.0% 429,632 14.5% -35.3% Other expenses, net -85,937-79,667 7.9% Integral fianncing cost: Interest expense 358,613 337,521 6.2% Interest income -6,310-5,446 15.9% Foreign exchange loss (gain), net 443,414 2,041 21625.3% Gain from monetary position 0-93,054-100.0% 795,717 241,062 230.1% Equity in earnings (losses) of associated companies 370-100.0% Income and asset tax expense -51,462 7,997-743.5% Consolidated net income -552,228 101,276-645.3% Page 10 of 13

Grupo Senda Autotransporte, S.A. de C.V. and Susidiaries Consolidated Income Statement For the fourth quarter, 2008 and 2007 Fourth quarter of, 2008 2007 % (in thousand of nominal pesos) Operating revenues: Passenger transport services 630,647 81.2% 629,666 80.5% 0.2% Personnel transport services 145,587 18.8% 152,265 19.5% -4.4% Total operating revenues 776,234 100.0% 781,931 100.0% -0.7% Operating expenses: Transportation costs 329,158 326,743 0.7% Fuel costs 164,737 119,940 37.3% Selling, general and administrative expenses 177,347 145,222 22.1% Depreciation and amortization 82,364 84,135-2.1% Total operating expenses 753,606 97.1% 676,040 86.5% 11.5% Operating result: Passenger transport services 13,579 81,281-83.3% Personnel transport services 9,049 24,610-63.2% Total operating result 22,628 2.9% 105,891 13.5% -78.6% Other expenses, net -36,503-28,533 27.9% Integral fianncing cost: Interest expense 97,119 101,393-4.2% Foreign exchange loss (gain), net 429,681-1,765-24,447.3% Gain from monetary position 0-42,440-100.0% 526,800 57,189 821.2% Equity in earnings (losses) of associated companies 9,550 1,665 100.0% Income and asset tax expense -91,625 26,759-442.4% Consolidated net income -439,500-4,925-8,823.9% Page 11 of 13

Grupo Senda Autotransporte, S.A. de C.V.and Subsidiaries Consolidated Statement of Changes in Financial Position As of December 31, 2008 and 2007 As of December 31, 2008 2007 (Unaudited) Operating Activities: Consolidated net income - 552,228 101,276 Items that did not requiere (generate) resources: Equity in earnings of associated companies -370 Depreciation and amortization 333,474 333,087 Labor obligations 8,546 13,792 Monetary effect on debt 426,795 0 Deferred income tax -94,000-10,434 122,587 437,351 Changes in current assets and liabilities: Accounts receivable 10,597-26,896 Inventories -2,032-445 Accounts payable and other 72,595 1,167 Net resources generated from operating activities 203,747 411,177 Financing Activities: Proceeds from long-term debt 63,541 1,836,180 Short-term debt 10,000-46,063 Long-term notes payable 0 75,095 Payments of long-term debt -105,313-1,840,285 Amortization in real terms of long term debt 16,619-78,035 Issuance of capital stock - - Products from valuation of derivative instruments 103,183 Net resources generated from financing activities 88,030-53,108 Investing Activities: Acquisition of transportation and other equipment -312,206-213,109 Investments in shores - Other assets -2,333-29,095 Net resources used in investing activities -314,539-242,204 Cash and cash equivalents: Net increase (decrease) - 22,762 115,865 Balance at the beginning of the period 213,939 98,074 Balance at the end of the period 191,177 213,939 Page 12 of 13

Grupo Senda Autotransporte, S.A. de C.V. and Subsidiaries Consolidated Balance Sheet As of December 31, 2008 and 2007 As of December 31, 2008 2007 (Unaudited) Assets Current Assets: Cash and cash equivalents 191,177 213,939 Accounts receivable 252,569 263,166 Inventories 34,360 32,328 Current Assets 478,106 509,433 Land and buildings net 194,774 207,457 Transportation and other equipment net 1,909,249 1,917,834 Other assets 273,560 114,042 Investments in shares 298,809 298,809 Goodwill and intangible assets 1,477,009 1,477,009 Total 4,631,507 4,524,584 Liabilities and Stockholders Equity Current Liabilities: Bank loans 131,000 121,000 Current portion of long-term debt 241,423 161,263 Accounts payable 399,143 326,548 Current Liabilities 771,566 608,811 Long-term Liabilities: Long-term debt 2,550,062 2,228,580 Employee retirement obligations 90,952 82,406 Derivative financial instruments 6,621 6,621 Deferred tax 0 89,207 Long-term Liabilities 2,647,635 2,406,814 Total Liabilities 3,419,201 3,015,625 Stockholders Equity: Capital stock 90,873 90,873 Premium on issuance of shares 95,849 95,849 Retained earnings 1,095,960 1,668,064 Insufficiency in restated stockholders equity -378,556-375,588 Additional minimum pension liability -13,345-13,345 Initial cumulative effect of deferred income tax -84,756-87,724 Unrealized loss on derivative financial 250,792-4,884 Majority Stockholders Equity 1,056,817 1,373,245 Minority Stockholders Equity 155,489 135,714 Total Stockholders Equity 1,212,306 1,508,959 Total 4,631,507 4,524,584 Page 13 of 13