URBI HAS ENTERED INTO A STANDSTILL AGREEMENT WITH ITS MAIN BANK CREDITORS

? The company has entered into a 45 day standstill agreement.

? During the standstill period, the company plans to present its restructuring plan.

Mexicali, Baja California, June 27, 2013.- Urbi, Desarrollos Urbanos, S.A.B de C.V. announces that it has entered into a standstill agreement with its main bank creditors. Additional creditors, including other bank creditors and financial institutions, have expressed their interest in joining the agreement.

The agreement has a 45 day term and provides that, during that term, the parties thereto will not take any legal action (e.g., lawsuits and orders of attachment) against Urbi and the company will not initiate any bankruptcy proceedings. In addition to the signing of this agreement, conditions are restored for the company to obtain a short-term liquidity.

Within the 45 day standstill period, Urbi plans to present its financial restructuring plan to the parties to the agreement, with the aid of its advisors Rothschild and Alvarez & Marsal.

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Urbi Desarrollos Urbanos S.A.B. de C.V. (MSE: URBI*) is a leading company in innovation and sustainable development in the construction of communities in Mexico. Currently, Urbi is present in
39 cities, covering the main metropolitan areas and the most dynamic medium-size cities in the country. In more than 31 years of operations, Urbi has developed over 430,000 homes, and has always conducted its business with a strong emphasis on financial performance, making it one of the most profitable companies in the sector.

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This document contains forward-looking statements of the Company, including statements about its financial condition and of the Company's future results of operations, its strategy, plans, objectives and targets, and other data that is not historical information. Such forward-looking statements are based on assumptions, plans, intentions and expectations of the Company's management, and involve risks, uncertainties and other factors, known and unknown, some of which are beyond the control of the Company. Such statements should not be interpreted based on past trends and activities, as if they were to continue in the future. Forward-looking statements contained herein are
valid at the date of this document.

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