Grupo Herdez succesfully issues ps. 3 billion in local bonds

Mexico City, Mexico, November 14, 2013 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) (MSE: HERDEZ, OTC: GUZBY) today announced the successful issue of Ps. 3.0 billion through two long-term peso denominated bonds (Certificados Bursátiles) in the Mexican Securities Market. The transaction was 2.5 times oversubscribed and was allocated among a diversified investor base.

Both bonds have confirmed credit ratings of “AA(mex)” from Fitch (Fitch Ratings) and “mxAA” from S&P (Standard and Poor’s).

Proceeds will be used to pay down short term debt, including Ps. 350 million of a bank loan due in 2014 and Ps. 2,640 million of the bridge loan that Grupo Herdez used to finance the acquisition of Grupo Nutrisa, S.A.B. de C.V. (MSE: NUTRISA) in May of this year. As a result, the Company’s average maturity will stand at 5.9 years and will be comprised by a 44% floating / 56% fix mix of rates, in line with Grupo Herdez’s commitment to maintain a solid and flexible financial profile.