MEXICALI, B.C.,JANUARY 12, 2017.- URBI, DESARROLLOS URBANOS, S.A.B. DE C.V. ("URBI" OR THE "COMPANY") INFORMS THAT TODAY, THE BANK OF NEW YORK MELLON, AS TRUSTEE OF THE THREEDOLLAR-DENOMINATED NOTES OF THE COMPANY, DUE IN APRIL 2016, JANUARY 2020 AND FEBRUARY 2022, RESPECTIVELY, ISSUED THE ATTACHED NOTICE, INFORMING ABOUT THE PROCEDURE FOR THE DELIVERY OF THE CORRESPONDING SHARES OF URBI TO THE NOTEHOLDERS IN PAYMENT OF THEIR RECOGNIZED CLAIMS IN THE CONCURSO MERCANTIL PROCEEDINGS. SUCH NOTICE MAY ALSO BE CONSULTED AT WWW.URBI.COM/RI/ENTREGA-ACCIONES/.

THE AFOREMENTIONED IS IN LINE WITH THE AGREEMENT RECENTLY REACHED BETWEEN URBI AND THE BANK OF NEW YORK MELLON IN ORDER TO FACILITATE SUCH DELIVERY OF SHARES TO THE NOTEHOLDERS, AND IN ACCORDANCE WITH THE RESOLUTIONS ISSUED IN THIS REGARD BY THE JUDGE OF THE CONCURSO MERCANTIL.

DURING THE 2017-2021 PERIOD, THE COMPANY PLANS TO SELL 57 THOUSAND HOMES. AT THIS MOMENT IT IS FOCUSED ON THE EXECUTION OF THIS BUSINESS PLAN TAKING ADVANTAGE OF ITS STRENGTHS: EXPERIENCED HUMAN CAPITAL WITH A RENEWED MANAGEMENT TEAM, THE QUALITY AND COMPETITIVENESS OF ITS OFFER TO THE MARKET, AS WELL AS ITS SOLID AND STRENGTHENED BALANCE.***

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.