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Resolutions Adopted at the General Ordinary Shareholders’ Meeting and General Extraordinary Shareholders’ Meeting for Grupo Aeroportuario del Pacifico, S.A.B. de C.V.

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Grupo Aeroportuario del Pac’ifico, S.A.B. de C.V. (NYSE:PAC) (BMV:GAP) (“the Company” or “GAP”) announces the adoption of the following resolutions at the Annual General Ordinary and Extraordinary Shareholders’ Meeting on April 21, 2015 to be the following:

ANNUAL GENERAL ORDINARY SHAREHOLDERS’ MEETING

I: Approval of:

a. The Chief Executive Officer’s report regarding the results of operations for the fiscal year ended December 31, 2014, in accordance with Article 44, Section XI of the Mexican Securities Market Law and Article 172 of the Mexican General Corporations Law, together with the external auditor’s report, with respect to the Company on an individual basis in accordance with Mexican Generally Accepted Accounting Principles (“Mexican GAAP”) as well as with respect to the Company and its subsidiaries on a consolidated basis in accordance with International Financial Reporting Standards, based on the Company’s most recent financial statements under both norms.
b. The Board of Directors’ comments to the Chief Executive Officer’s report.
c. The Board of Directors’ report in accordance with Article 172, clause b, of the Mexican General Corporations Law, regarding the Company’s main accounting policies and criteria, as well as the information used to prepare the Company’s financial statements.
d. The report on operations and activities undertaken by the Board of Directors during the fiscal year ended December 31, 2014, pursuant to the Mexican Securities Market Law.
e. The annual report on the activities undertaken by the Audit and Corporate Practices Committee in accordance with Article 43 of the Mexican Securities Market Law. Ratification of the actions of the various committees, and release from further obligations.
f. The report on the Company’s compliance with tax obligations for the fiscal year of January 1 to December 31, 2013. Instruction to Company officials to comply with tax obligations corresponding to the fiscal year of January 1 to December 31, 2014, in accordance with Article 26, Section III of the Mexican Fiscal Code.
g. Ratification of the decisions taken by the Board of Directors, and release from further obligations in the fulfillment of its duties.
II. Approval of the Company’s financial statements on an individual basis in accordance with Mexican GAAP for purposes of calculating the legal reserves, net income, fiscal effects related to dividend payments, and the capital reduction, as applicable, and approval of the financial statements of the Company and its subsidiaries on a consolidated basis in accordance with International Financial Reporting Standards for their publication to financial markets, with respect to operations during the January 1 to December 31, 2014 fiscal period; and approval of the external auditor’s report regarding the aforementioned financial statements.
III.

Approval of the Company’s net income for the fiscal year ended December 31, 2014, reported in the individual Financial Statements audited in accordance with Mexican GAAP presented in point II of the Agenda, above, which was Ps. 2,105,041,199.00 (TWO BILLION, ONE HUNDRED AND FIVE MILLION, FORTY ONE THOUSAND, ONE HUNDRED AND NINETY NINE PESOS), the allocation of 5% (FIVE PERCENT) of this amount, or Ps. 105,252,059.95 (ONE HUNDRED AND FIVE MILLION, TWO HUNDRED FIFTY TWO THOUSAND, FIFTY NINE PESOS AND NINETY FIVE CENTS), towards increasing the Company’s legal reserves, with the remaining balance of Ps. 1,999,789,139.05 (ONE BILLION, NINE HUNDRED NINETY NINE MILLION, SEVEN HUNDRED EIGHTY NINE THOUSAND, ONE HUNDRED AND THIRTY NINE PESOS AND FIVE CENTS), to be allocated to the account for net income pending allocation.

IV. Approval of the allocation from the account for net income pending allocation, of an amount equal to Ps. 2,198,682,664.05 (TWO BILLION, ONE HUNDRED NINETY EIGHT MILLION, SIX HUNDRED EIGHTY TWO THOUSAND, SIX HUNDRED AND SIXTY FOUR PESOS AND FIVE CENTS), for declaring a dividend equal to Ps. 3.32 per share (THREE PESOS AND THIRTY TWO CENTS), to be distributed equally among each share outstanding as of the payment date, excluding the shares repurchased by the Company as of each payment date in accordance with Article 56 of the Mexican Securities Market Law; any amounts of net income pending allocation remaining after the payment of such dividend will remain in the account for net income pending allocation.

The dividend will be paid in the following manner:

i) Ps. 1.82 per outstanding share as of the payment date (ONE PESO AND EIGHTY TWO CENTS) before August 31, 2015; and
ii) Ps. 1.50 per outstanding share as of the payment date (ONE PESO AND FIFTY CENTS) before December 31, 2015.
V. Approval for the cancellation of any amounts outstanding under the share repurchase program approved at the Ordinary Shareholders’ Meeting that took place on April 23, 2014 for Ps. 400,000,00.00 (FOUR HUNDRED MILLION PESOS) and approval of Ps. 850,000,000.00 (EIGHT HUNDRED AND FIFTY MILLION PESOS) as the maximum amount to be allocated toward the repurchase of the Company’s shares or credit instruments that represent those shares for the 12-month period after April 21, 2015, in accordance with Article 56, Section IV of the Mexican Securities Market Law .
VI. The ratification of the four members of the Board of Directors and their respective alternates named by the Series “BB” shareholders as follows:

Proprietary

Alternate

Laura D’iez Barroso Azc’arraga Carlos Laviada Ocejo
Eduardo S’anchez Navarro Redo Alejandro Cortina Gallardo
Jos’e Vicente Corta Fern’andez Mar’ia de los Reyes Escrig Teigeiro
Francisco Javier Mar’in San Andr’es Rodrigo Marabini Ruiz
VII. Ratification of Mr. Eduardo Gallastegui Armella as Advisor to the Board of Directors designated by any holder or group of holders of Series “B” shares that own, individually or collectively, 10% or more of the Company’s capital stock.
VIII. Ratification of Mr. Carlos C’ardenas Guzm’an, Mr. Joaqu’in Vargas Guajardo, Mr. ‘Angel Losada Moreno, Mr. Roberto Servitje Achutegui, Mr. ‘Alvaro Fern’andez Garza and Mr. Juan Diez-Canedo Ruiz, as members of the Board, designated by the Series “B” shareholders, and resolutions in respect thereof.
As of this date, the Board of Directors will be comprised of the following:

Proprietary

Alternate

Laura D’iez Barroso Azc’arraga Carlos Laviada Ocejo
Eduardo S’anchez Navarro Redo Alejandro Cortina Gallardo
Jos’e Vicente Corta Fern’andez Mar’ia de los Reyes Escrig Teigeiro
Francisco Javier Mar’in San Andr’es Rodrigo Marabini Ruiz
Carlos C’ardenas Guzm’an Not Applicable
Joaqu’in Vargas Guajardo Not Applicable
‘Alvaro Fern’andez Garza Not Applicable
Juan Diez-Canedo Ruiz Not Applicable
‘Angel Losada Moreno Not Applicable
Roberto Servitje Achutegui Not Applicable
Eduardo Gallastegui Armella Not Applicable
IX. Ratification of Ms. Laura Diez Barroso Azc’arraga as the Company’s Chairman of the Board of Directors, and the ratification of Mr. Carlos Laviada Ocejo as Alternate, in accordance with Article 16 of the Company’s by-laws.
X. Approval of the compensation paid to the members of the Company’s Board of Directors during the 2014 fiscal year and approval of the compensation to be paid in 2015, which will be the same as the compensation for 2014.
XI. Ratification of Mr. Alvaro Fernandez Garza, as member of the Board of Directors designated by the Series “B” shareholders to serve as a member of the Company’s Nominations and Compensation Committee, in accordance with Article 28 of the Company’s by-laws.
XII. Ratification of Carlos C’ardenas Guzm’an as President of the Audit and Corporate Practices Committee.
XIII. The approval of the report concerning compliance with Article 29 of the Company’s by-laws regarding acquisitions of goods or services or contracting of projects or asset sales that are equal to or greater than US$ 3,000,000.00 (THREE MILLION U.S. DOLLARS), or its equivalent in Mexican pesos or other legal tender in circulation outside Mexico, or, if applicable, regarding transactions with relevant shareholders.
XIV. Approval for the designation of Fernando Bosque Mohino, Sergio Flores Ochoa, Antonio Franck Cabrera, Thomas Edward Heather Fletcher, Diego Noriega Garcia and/or Erica Barba Padilla as Special Delegates to present before the Mexican Securities and Exchange Commission, the Mexican Stock Exchange and SD INDEVAL, Instituci’on para el Dep’osito de Valores. S.A. de C.V., and/or any other entity or institution, the resolutions adopted at this Meeting for formalization. Adoption of the resolutions deemed necessary or convenient in order to fulfill the decisions adopted in relation to the preceding Agenda points.

GENERAL EXTRAORDINARY SHAREHOLDERS’ MEETING

I. Approval to reduce the Company’s shareholder equity by Ps. 2.68 per outstanding share (TWO PESOS AND SIXTY EIGHT CENTS) for a total amount of Ps. 1,408,542,465.96 (ONE BILLION FOUR HUNDRED AND EIGHT MILLION FIVE HUNDRED FORTY TWO THOUSAND FOUR HUNDRED SIXTY FIVE PESOS AND NINETY SIX CENTS), thereby amending the first paragraph of Article 6 of the Company’s by-laws.
II. Approval for the designation of Fernando Bosque Mohino, Sergio Flores Ochoa, Antonio Franck Cabrera, Thomas Edward Heather Fletcher, Diego Noriega Garcia and/or Erica Barba Padilla as Special Delegates to present before the Mexican Securities and Exchange Commission, the Mexican Stock Exchange and SD INDEVAL, Instituci’on para el Dep’osito de Valores. S.A. de C.V., and/or any other entity or institution, the resolutions adopted at this Meeting for formalization. Adoption of the resolutions deemed necessary or convenient in order to fulfill the decisions adopted in relation to the preceding Agenda points.

Company Description:

Grupo Aeroportuario del Pac’ifico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”.

This press release may contain forward-looking statements. These statements are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial conditions, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that may involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge of collecting these complaints, is 01-800-563-0047. The web site is http://www.lineadenuncia.org/gap. GAP’s Audit Committee will be notified of all complaints for immediate investigation.

For more information please visit www.aeropuertosgap.com.mx

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