MONTERREY, Mexico and MUTTENZ, Switzerland, September 15, 2022 (GLOBE NEWSWIRE) — Fomento Económico Mexicano, SAB de CV (“FEMSA”, BMV:FEMSAUBDFEMSAUB.MX, NYSE:FMX) today published the definitive interim result of its public offer (“Offer”) by FEMSA’s wholly owned subsidiary, Impulsora de Marcas e Intangibles, SA de CV, to acquire all publicly held registered shares in Valora Holding AG (“Valora”; SIX: VALN ) at a price of CHF 260.00 net in cash per share as previously announced on July 5, 2022. By the end of the offer period, 3,698,762 Valora shares had been tendered as part of the offer. Taking into account the Valora Shares tendered and the Valora Shares held by persons acting jointly with the Offeror, FEMSA’s holding totals 3,705,851 Valora Shares, which corresponds to 84.42% of Valora’s issued share capital and voting rights. FEMSA appreciates the strong support for the merger with Valora from Valora shareholders.

The definitive announcement of the interim result is available at https://femsa.gcs-web.com/valora-transaction.

The minimum condition of the acceptance offer, namely the valid tender of two-thirds of Valora’s fully diluted share capital, has been met. The additional acceptance period for the offer begins on September 16, 2022 and is expected to last until September 29, 2022, 4:00 p.m. Swiss time.

The completion of the Offer is subject to other customary conditions, including regulatory approvals, as set out in the Offer Prospectus. Upon completion of the Offer and in accordance with the terms set out in the Offer Prospectus, FEMSA intends to initiate a squeeze-out process and delist the Valora Shares from trading on the SIX Swiss Exchange.

The preliminary timetable for the completion of the offering is as follows:

Friday, 09/16/2022	Beginning of the additional acceptance period
Thursday, 09/29/2022	End of the additional acceptance period, 4:00 p.m. Swiss time
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