Mexichem Announces New Executive Appointments

TLALNEPANTLA DE BAZ, Mexico–(BUSINESS WIRE)–Mexichem, S.A.B. de C.V. (BMV: MEXCHEM*) (“The Company” or “Mexichem”)
announces new executive appointments.

Mr. Sameer Bharadwaj, who has led the Company’s Compounds business unit
since August 2016, has been named President of the Compounds Business
Unit and the Fluor Business Group, reporting directly to Daniel
Martínez-Valle, CEO of Mexichem. Andrés Múgica, former President of the
Fluor Business Group, has been appointed President of Fluent Latin
America.

Mr. Bharadwaj has been an advisory board member of the Fluor Business
Group from 2010 to 2016, and has more than 22 years of business
experience, 17 years in the chemical industry and more than 3 years in
strategic consulting. Prior to joining Mexichem, Sammer worked for Dow
Chemical, the Boston Consulting Group and Cabot Corporation. Sameer has
a Ph.D. in Chemical Engineering from the University of Minnesota and an
MBA from Harvard Business School.

ABOUT MEXICHEM

Mexichem is a global leader in plastic piping and one of the world’s
largest chemical and petrochemical companies. The company contributes to
global development by delivering an extended portfolio of products to
high growth sectors such as infrastructure, housing, agriculture,
datacom and water management, among others. With operations in 41
countries, 137 facilities worldwide and more than 22,000 employees,
Mexichem has the rights to produce fluorspar in two mines in Mexico, as
well as 8 training academies and 17 R&D labs. Operations are divided
into three Business Groups: Fluent, Vinyl and Fluor. Mexichem has annual
revenues of US$5.8 billion and has been traded on the Mexican Stock
Exchange for more than 30 years. The company is member of the Mexican
Stock Exchange Sustainability Index and the sustainability emerging
markets index FTSE4Good.

Forward-looking Statements

In addition to historical information, this press release contains
"forward-looking" statements that reflect management's expectations for
the future. The words “anticipate,” “believe,” “expect,” “hope,” “have
the intention of,” “might,” “plan,” “should” and similar expressions
generally indicate comments on expectations. The final results may be
materially different from current expectations due to several factors,
which include, but are not limited to, global and local changes in
politics, the economy, business, competition, market and regulatory
factors, cyclical trends in relevant sectors; as well as other factors
that are highlighted under the title “Risk Factors” on the annual report
submitted by Mexichem to the Mexican National Banking and Securities
Commission (CNBV). The forward-looking statements included herein
represent Mexichem’s views as of the date of this press release.
Mexichem undertakes no obligation to revise or update publicly any
forward-looking statement for any reason unless required by law.”

Mexichem has implemented a new Code of Ethics that rules its
relationships with its employees, clients, suppliers and general groups.
Mexichem’s Code of Ethics is available for consulting in the following
link: http://www.mexichem.com/Codigo_de_etica.html
Additionally, according to the terms contained in the Securities
Exchange Act No 42, Mexichem Audit Committee established a mechanism of
contact, which allows that any person that knows the unfulfilment of
operational and accounting records guidelines and lack of internal
controls of the Code of Ethics, from the Company itself or from the
subsidiaries that this controls, file a complaint which is anonymously
guaranteed. The whistleblower program is facilitated by a third party.
The telephone number in Mexico is 01-800-062-12-03. The website is http://www.ethic-line.com/mexichem
and contact e-mail is [email protected].
Mexichem’s Audit Committee will be notified of all complaints for
immediate investigation.

Contacts

Mexichem, S.A.B. de C.V.
Investor Relations:
Fabiola
Molina del Valle, +52-55-5366-4050
[email protected]
www.mexichem.com