MEXICO CITY, DECEMBER 13, 2017 - CONSORCIO ARA, S.A.B. DE C.V. ("ARA" - BMV: ARA*), MEXICO'S TOP PUBLIC HOUSING DEVELOPER IN TERMS OF REVENUES, ANNOUNCES THE SUCCESSFUL OPENING ISSUANCE OF LONG-TERM UNSECURED SECURITIES CERTIFICATES ON THE MEXICAN MARKET. THE ISSUE TOTALED PS. 1.35 BILLION, AND WAS WELL-RECEIVED, WITH A BID-TO-COVERRATIO OF 1.22 TIMES. THE TERM IS 5 YEARS, AND THE RATE IS 250BP OVER THE INTERBANK EQUILIBRIUM INTEREST RATE (TIIE).

THE ARA 17 SECURITIES CERTIFICATES RECEIVED AN "A+" RATING FROM HR RATINGS DE MXICO AND "MXA" FROM S&P GLOBAL RATINGS.

THE PURPOSE OF THIS PLACEMENT OF SECURITIES CERTIFICATES IS TO REPLACE LIABILITIES AND IMPROVE THE MATURITY PROFILE, AS WELL AS TO RELEASE CERTAIN MORTGAGE COLLATERAL. THIS ISSUE ALSO GIVES ARA ACCESS TO A NEW SOURCE OF FINANCING. THIS IS THE LARGEST ISSUE OF SECURITIES CERTIFICATES IN THE PAST FIVE YEARS IN MEXICO'S HOUSING INDUSTRY, AN AREA OFTHE ECONOMY WITH SOLID FUNDAMENTALS THAT CONTRIBUTES TO THE COUNTRY'S ECONOMIC AND SOCIAL DEVELOPMENT AND GENERATES JOBS.CASA DE BOLSA BBVA BANCOMER, S.A. DE C.V., GRUPO FINANCIERO BBVA BANCOMER, PARTICIPATED AS UNDERWRITER AND STRUCTURING AGENT,AND ACTINVER CASA DE BOLSA, S.A. DE C.B., GRUPO FINANCIERO ACTIVER, ALSO PARTICIPATED AS UNDERWRITER.

CONSORCIO ARA IS GRATEFUL TO ITS INVESTORS FOR THEIR CONFIDENCE IN THIS ISSUE.*****

ABOUT CONSORCIO ARACONSORCIO ARA DESIGNS, PROMOTES, BUILDS AND SELLS HOUSING PROJECTS IN THE AFFORDABLE ENTRY-LEVEL, MIDDLE-INCOME AND RESIDENTIAL SEGMENTS,AND IS ALSO ENGAGED IN CONSTRUCTION AND LEASING OF SHOPPING CENTERS, IN MEXICO. IT HAS MORE THAN 40 YEARS OF EXPERIENCE DURING WHICH IT HAS SOLD 341,000 HOMESTHAT ARE TODAY INHABITED BY APPROXIMATELY 1.37 MILLION MEXICANS. IT HAS A PRESENCE IN 16 STATES AND 48 OPERATING DEVELOPMENTS. SINCE 1996, WHEN ARA FIRST WENT PUBLIC ON THE MEXICAN STOCK EXCHANGE, IT HAS BECOME KNOWN FOR ITS DIVERSIFIED PRODUCT OFFERING AND A LONG-TERM VISION, WITH A SOLID FINANCIAL STRUCTURE, LIQUIDITY AND A MODERATE LEVEL OF DEBT.