Firm	Analyst
Actinver	§         Julie Roberts
BBVA-Bancomer	§         Rodrigo Ortega
BBVA-Bancomer	§         Fernando Olvera
Bank of America - Merill Lynch	§         Robert Ford
Bank of America - Merill Lynch	§         Melissa Byun
CITI	§         Celso Sánchez
CITI	§         Miguel Ulloa
Deutsche Bank	§         José J. Yordán
GBM	§         Karla Miranda
HSBC	§         Pedro C. Herrera
JP Morgan	§       Alan Alanis
Morgan Stanley	§       Nikolaj Lippmann
Santander	§       Luis Miranda
Santander	§       Berenice Muñoz
Vector	§        Gaspar Quijano

 

Firm	Analyst
ABN AMRO	§         Bevan Rosenbloom
BCP Securities	§         James Harper
Credit Suisse     Credit Suisse	§         Jamie Nicholson   §          Alejandro Luciano
Deutsche Bank	§              Marcelo Menusso
ING	§          Diego Torres
Jefferies & Co.	§          Eric Ollom
Merrill Lynch	§         Roy Yackulic
Santander	§         Aaron Holsberg
Standard New York Securities	§         José Bernal

Firm	Analyst
Fitch Ratings	§          Víctor Villarreal
Standard & Poor's	§           Enrique Gómez Tagle
Standard & Poor's	§              Juan Pablo Becerra

GRUMA, S.A. de C.V. ( GRUMA ) is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding GRUMA's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of GRUMA or its management. GRUMA does not by its reference to or distribution of the above information imply its endorsement of or concurrence with such information, conclusions or recommendations.