Mexican Airport Operator OMA Announces Initial Public Offering on the NASDAQ Global Select Market and the Mexican Stock Exchange

Mexican Airport Operator OMA Announces Initial Public Offering on the NASDAQ Global Select Market and the Mexican Stock Exchange

November 29, 2006
Mexican Airport Operator OMA Announces Initial Public Offering on the NASDAQ Global Select Market and the Mexican Stock Exchange

 

Monterrey, Mexico, November 29, 2006—Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., commonly known by its trade name OMA, announced that the initial offering price for its American Depositary Shares (ADSs) has been fixed at US$18.00 per ADS. The offering price of the Series B shares is Ps. 24.85 per share. Each ADS represents eight Series B shares. Trading will begin today, November 29, 2006. The ADSs are listed on the NASDAQ Global Select Market under the ticker symbol "OMAB," and the Series B shares are listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) under the ticker symbol "OMA."

The initial public offering consists of 167 million OMA Series B shares (in the form of shares or ADSs), constituting an offer size of approximately US$376 million, excluding the over-allotment option. The underwriters have a thirty-day option to purchase an additional 25 million Series B shares (15 percent of the amount being offered) to cover over-allotments. The Series B shares being sold, including those subject to the over-allotment option, represent approximately 48 percent of OMA's total equity.

All the Series B shares are currently outstanding and are being sold by the Mexican government, acting through its development bank Nacional Financiera, S.N.C. (NAFIN). The sale is being coordinated by Mexico's Ministry of Communications and Transportation (SCT). Once all the Series B shares and ADSs have been placed, including full exercise of the over-allotment option, the Mexican government will have completed the privatization of OMA that began in 2000.

OMA will not receive any proceeds from the sale of shares or ADSs.

Citigroup Global Markets, Inc. is the manager and bookrunner for the U.S. and international offering. Acciones y Valores Banamex, S.A. de C.V., Casa de Bolsa, Integrante del Grupo Financiero Banamex (ACCIVAL) is the lead underwriter and bookrunner for the Mexican offering.

About OMA

Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., or OMA, operates 13 international airports in nine states of central and northern Mexico. OMA's airports serve Monterrey, Mexico's third largest metropolitan area, the tourist destinations of Acapulco, Mazatlán, and Zihuatanejo, and nine other regional centers and border cities. OMA employs over 900 persons in order to offer our passengers and clients airport and commercial services in facilities that comply with all applicable international safety and security standards. OMA's strategic shareholders are ICA, Mexico's largest engineering, procurement, and construction company, and Aéroports de Paris, the second largest European airports operator.

This communication may contain forward-looking information and statements. Forward-looking statements are statements that are not historical facts. These statements are only predictions based on our current expectations and projections about future events. Forward-looking statements may be identified by the words "believe," "expect," "anticipate," "target," or similar expressions. While OMA's management believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and are generally beyond the control of OMA, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include, but are not limited to, those discussed in our Registration Statement under the caption "Risk Factors." OMA undertakes no obligation to publicly update its forward-looking statements, whether as a result of new information, future events, or otherwise.