PROMECAP ACQUISITION COMPANY, S.A.B. DE C.V. (BMV: PMCPAC; "PAC") ANNOUNCES THAT ERNESTO GUZMN VZQUEZ HAS JOINED THE COMPANY AS CHIEF FINANCIAL OFFICER, OCCUPYING THE POSITION HELD TO DATE BY JUAN IGNACIO ENRICH LIERO. MR. GUZMN VZQUEZ HAS OVER 25 YEARS OF EXPERIENCE IN THE FINANCIAL SECTOR, DURING THIS TIME HE HAS PERFORMED DIFFERENT FUNCTIONS IN COMPANIES SUCH AS NISSAN RENAULT FINANCE (NR FINANCE MXICO, S.A. DE C.V., SOFOM, E.R.), IBM (IBM DE MXICO S.A.) Y PRICEWATERHOUSECOOPERS (PRICEWATERHOUSECOOPERS S.C.) AMONG OTHERS. HE HAS A BACHELOR'S DEGREE IN ACCOUNTING FROM THE UNIVERSIDAD NACIONAL AUTNOMA DE MXICO (UNAM) AND HAS COMPLETED SEVERAL PROGRAMS AT THE INSTITUTO PANAMERICANO DE ALTA DIRECCIN DE EMPRESA (IPADE).

JUAN IGNACIO ENRICH LIERO WILL REMAIN IN THE COMPANY AS PART OF THE TEAM IN CHARGE OF FINDING A TARGET FOR THE INITIAL BUSINESS COMBINATION. WE THANK JUAN IGNACIO FOR HIS VALUABLE CONTRIBUTIONSDURING HIS TENURE AS CHIEF FINANCIAL OFFICER.

ABOUT PAC:WE ARE A SPECIAL PURPOSE ACQUISITION COMPANY ("SPAC") FORMED FOR THE PURPOSE OF EFFECTING A MERGER, ASSET ACQUISITION, SHAREPURCHASE, SHARE EXCHANGE, PARTICIPATION OR INTEREST PURCHASE, COMBINATION, CONSOLIDATION, REORGANIZATION OR OTHER SIMILAR BUSINESS COMBINATION WITH ANY OTHER BUSINESS WITH ECONOMIC INTERESTS LOCATED, OR WITH BUSINESS OPERATIONS CARRIED OUT, PRIMARILY IN MEXICO. INVESTOR RELATIONS:ALFREDO ALBERTO CAPOTE GARZA

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