TV Azteca to Prepay Ps.1,406 Million Loan Due 2008

TV Azteca to Prepay Ps.1,406 Million Loan Due 2008

Source Funds From Structured Securities Certificates to Reduce Overall Financial Expense and Enhance Debt Profile

MEXICO CITY, Sept. 12 /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 on September 9, that it expects to prepay, during September 2005, its Ps.1,406 million loan with Banco Inbursa, S.A., due February 2008, with an escalating rate currently at TIIE + 490 bps.

The source funds for the prepayment come from today's successful issuance in Mexican debt markets of Ps.1,416 million Structured Securities Certificates at TIIE + 215 bps., with gradual maturities ending 2011. Fitch Mexico's rating for the Certificate is AA(mex).

"The new sources of financing are part of our ongoing efforts to further reduce the company's financial expense and to enhance our maturity profile," said Carlos Hesles, Chief Financial Officer of TV Azteca. "We will not cease in our proactive search for future opportunities that improve our cost of financing and TV Azteca's overall financial results."

Mr. Hesles added, "The enhanced financial terms represent a noteworthy vote of confidence from Mexican financial market participants on the strength of TV Azteca's operations and financial results going forward."

Company Profile

TV Azteca (NYSE:TZA) 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 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 U.S. 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, Tristan Canales, or +011-52-55-1720-5786, or tcanales@tvazteca.com.mx, or Daniel McCosh, +011-52-55-1720-0059, or dmccosh@tvazteca.com.mx, all of TV Azteca

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

------- Profile: Ent