TV Azteca Gives Notice to Terminate Its American Depositary Receipts Program

TV Azteca Gives Notice to Terminate Its American Depositary Receipts Program

Implements Resolutions of Extraordinary Shareholders' Meeting

MEXICO CITY, June 9 /PRNewswire-FirstCall/ -- TV Azteca, S.A. de C.V. (NYSE:TZA) (BMV: TVAZTCA) (Latibex: XTZA), one of the two largest producers of Spanish-language television programming in the world, announced today that it gave notice to The New York Stock Exchange (NYSE) and The Bank of New York (BoNY) to terminate the American Depositary Receipt (ADR) program that the Company has in the United States. With the notice of termination, the company also instructed BoNY to amend the deposit agreement to reduce to 60 days the period to exchange ADRs for CPOs traded on the Mexican Stock Market (BMV).

As was previously announced at an Extraordinary Shareholders' Meeting held on June 1, shareholders approved termination of TV Azteca's ADR program after an analysis and discussion of the costs and benefits of continued listing in the U.S. capital markets.

The trading of the ADRs in the United States shall continue for 30 days from the date on which BoNY notifies ADR holders of the termination of the deposit agreement. TV Azteca expects BoNY to provide notice within the next few days.

After the 30-day notice period, the NYSE will suspend trading of the ADRs in the United States, and the ADR holders will have 60 days to exchange their ADRs for CPOs that are traded on the BMV. Upon the expiration of the 60-day period, BoNY will be entitled to sell the CPOs underlying the ADRs that were not surrendered in the BMV and distribute the proceeds of the sale to holders.

Company Profile

TV Azteca is one of the two largest producers of Spanish-language television programming in the world, operating two national television networks in Mexico, Azteca 13 and Azteca 7, through more than 300 owned and operated stations across the country. TV Azteca affiliates include Azteca America Network, a new broadcast television network focused on the rapidly growing U.S. Hispanic market, and Todito.com, an Internet portal for North American Spanish speakers.

Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Risks that may affect TV Azteca are identified in its Form 20-F and other filings with the US Securities and Exchange Commission.

Source: TV Azteca, S.A. de C.V.

CONTACT: Investors, Bruno Rangel, +011-52-55-1720-9167, or jrangelk@tvazteca.com.mx, or Rolando Villarreal, +011-52-55-1720-0041, or rvillarreal@gruposalinas.com.mx; or Media, Daniel McCosh, +011-52-55-1720- 0059, or dmccosh@tvazteca.com.mx, all of TV Azteca

Web site: http://www.tvazteca.com.mx/

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