Mexichem Receives from the Brazilian Antitrust Authority Approval for the Acquisition of Netafim

January 22, 2018

TLALNEPANTLA DE BAZ, Mexico–(BUSINESS WIRE)–Mexichem, S.A.B. de C.V. (BMV: MEXCHEM*) (“The Company” or “Mexichem”)
announced that on January 19, 2018 it received the approval of the
antitrust authority in Brazil CADE (Administrative Council of Economic
Defense) for the acquisition of Netafim, Ltd in that country. The
General-Superintendence’s decision was published on January 22, 2018 in
the Brazilian Official Gazette.

Following the expiration of a 15-day waiting period (from the date of
the publication in the Brazilian Official Gazette) with confirmation
from CADE that no appeal has been filed, this will be one of the
relevant approvals for the transaction to be completed. Closing of the
transaction is subject to the satisfaction of customary closing
conditions, including any remaining required regulatory approvals."

ABOUT MEXICHEM

Mexichem is a global leader in plastic piping and one of the world’s
largest chemical and petrochemical companies. It has more than 50 years
of experience. The Company contributes to global development by
delivering an extended portfolio of products to high growth sectors such
as infrastructure, housing, datacom and water management, among others.
With operations in 37 countries, 120 facilities worldwide and more than
18,000 employees, Mexichem has the rights to produce fluorspar in two
mines in Mexico, as well as 8 formation academies and 15 R&D labs.
Operations are divided into two value chains and three business units:
Ethylene Chain: Vinyl and Fluent Business and Fluor Value Chain, which
includes Fluor business group. Mexichem has annual revenues of US$5.4
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.