Grupo TMM Reports Third-Quarter 2010 Financial Results
Operating Profit Up 121.0% in Third Quarter and 81.1% in First Nine Months

MEXICO CITY -- (Marketwire) -- 10/28/10 -- Grupo TMM, S.A.B. (NYSE: TMM) (BMV: TMM A) ("TMM" or the "Company"), a Mexican intermodal transportation and logistics company, reported today its financial results for the third quarter and first nine months of 2010.

MANAGEMENT OVERVIEW
José F. Serrano, chairman and chief executive officer of Grupo TMM, said, "TMM continues to report improved operating results in the third quarter, even in this volatile period for our industry. Year over year, TMM's third-quarter 2010 consolidated revenue, operating profit and EBITDA improved, demonstrating sustained operational efficiency and a successful business strategy. Additionally, for the fourth consecutive quarter, consolidated EBITDA exceeded our financial expenses, resulting in positive free cash flow, a trend we expect to continue through year-end and beyond.

"We have capitalized on our efforts to grow a high-quality fleet and to build a consistent revenue stream, and in the third quarter, we continued to reap the rewards of our investment in new vessels made over the past two years. Additionally, our Ports and Terminals division recorded significant improvements in both 2010 periods over last year's periods, as cruise ship activity at major Mexican ports and international trade continued to recover."

Serrano concluded, "Our view of the longer-term industry fundamentals remains positive, and we continue to be ready to capitalize on opportunities to build TMM's asset base and enhance our growth profile. With an eventual recovery of the markets, continued optimization of the use of our fleet and further participation in Port-related activities, we continue to see upside potential in TMM's operating margins and earnings."

THIRD-QUARTER AND FIRST-NINE MONTHS 2010 FINANCIAL AND OPERATING RESULTS
Compared to the same periods of last year, consolidated revenue increased 0.3 percent in the 2010 third quarter and 1.0 percent in the 2010 first nine months. Revenue in the 2010 periods was negatively impacted by reduced revenue at the Logistics division.

Consolidated operating profit increased 121.0 percent and 81.1 percent in the 2010 third quarter and 2010 first nine months, respectively. Higher operating profit in the 2010 periods was largely due to improvements at the Ports and Terminals division. Additionally, consolidated operating margin grew to 11.6 percent in the 2010 first nine months compared to 6.5 percent in the 2009 first nine months.

In the 2010 third quarter, EBITDA increased 38.7 percent to $22.2 million compared to $16.0 million in the same period of last year. In the first nine months of 2010, EBITDA increased 39.5 percent to $67.4 million compared to $48.3 million in the same period of 2009. However, first-nine months 2009 EBITDA included a $4.4 million profit from the sale of two offshore vessels in the second quarter of 2009. Without this one-time profit, EBITDA increased 53.5 percent, or $23.5 million, in the 2010 first nine months, compared to the same period last year.

At Maritime, third-quarter 2010 revenue grew 3.9 percent compared to the 2009 third quarter, mainly due to increases at every segment except for chemical tankers, which had one less vessel in operation. Maritime's operating profit grew 6.4 percent in the 2010 third quarter compared to the same period of the previous year, mainly as a result of a 225.0 percent gross profit increase at product tankers due to higher average daily rates as well as a 66.7 percent gross profit increase at chemical tankers due to more efficient routes and reduced costs.

Maritime revenue in the first nine months of 2010 increased 1.4 percent as a result of improvements at offshore, mainly due to certain price adjustments and to the addition of a process vessel in the first quarter, and at the harbor towage segment, due to higher volumes. In the first nine months of 2010, operating profit grew 12.3 percent compared to the previous year's first nine months. In particular, product tankers' gross profit improved 125.9 percent attributable to all vessels working with contracts and to higher average daily rates in the 2010 second and third quarters compared to the same periods in 2009. Additionally, gross profit in the harbor towage segment improved 35.2 percent in the 2010 nine-month period due mainly to increased vessel calls at Manzanillo.

In the 2010 third-quarter and first-nine months periods, Ports and Terminals' revenue increased 41.0 percent and 42.6 percent, respectively, both compared to the same periods last year. Additionally, operating profit for this division increased from $0.2 million in the 2009 third quarter to $1.0 million in the 2010 third quarter and from $0.6 million in the 2009 first nine months to $4.4 million in the 2010 first nine months.

Improved results at the Ports and Terminals division in the 2010 periods compared to last year, were mainly attributable to increased revenue and profit at Acapulco as a result of higher cruise ship calls and auto handling volumes; at shipping agencies due to higher volumes, benefitted by one new cruise line route among Mexican major ports in the third quarter; and at maintenance and repair due to continued improvement in the revenue mix and higher container volumes, specifically at Manzanillo.

Compared to the same periods of last year, Logistics revenue decreased 15.8 percent and 7.8 percent in the 2010 third quarter and first nine months, respectively. These decreases were mainly attributable to lower trucking revenue and to $5.4 million of reduced revenue as a result of the sale of the minority stake in the Company's automotive inbound logistics business in April. These decreases were partially offset by higher revenue at the warehousing and auto hauling segments.

Logistics operating losses in the 2010 third quarter and 2010 first nine months were lower compared to the same periods of 2009 and included certain book losses.

Financial expenses in the third quarter of 2010 were impacted by $1.9 million of one-time charges related to the consolidation of the three tranches of the Company's Trust Certificates Program and the prepayment of certain dollar denominated debt. Net financial cost included a net exchange loss of $12.9 million in the third quarter of 2010 and a net exchange loss of $23.8 million in the first nine months of 2010.

CONFERENCE CALL
TMM's management will host a conference call and Webcast to review financial and operational highlights on Friday, October 29 at 11:00 a.m. Eastern time.

To participate in the conference call, please dial (888) 452-4007 (domestic) or (719) 457-2658 (international) at least five minutes prior to the start of the event. Accompanying visuals and a simultaneous Webcast of the meeting will be available at:
http://www.visualwebcaster.com/event.asp?id=73118.

A replay of the conference call will be available through November 29 at 11:59 p.m. Eastern time, by dialing (888) 203-1112 or (719) 457-0820, and entering passcode 5930504. On the Internet a replay will be available for 30 days at: http://www.visualwebcaster.com/event.asp?id=73118.

Headquartered in Mexico City, TMM is a Mexican intermodal transportation and logistics company. Through its branch offices and network of subsidiary companies, TMM provides a dynamic combination of ocean and land transportation services. Visit TMM's Web site at www.grupotmm.com. The site offers Spanish/English language options.

Included in this press release are certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements speak only as of the date they are made and are based on the beliefs of the Company's management as well as on assumptions made. Actual results could differ materially from those included in such forward-looking statements. Readers are cautioned that all forward-looking statements involve risks and uncertainty. The following factors could cause actual results to differ materially from such forward-looking statements: global, US and Mexican economic and social conditions; the effect of the North American Free Trade Agreement on the level of US-Mexico trade; the condition of the world shipping market; the success of the Company's investment in new businesses; risks associated with the Company's reorganization and restructuring; the ability of the Company to reduce corporate overhead costs; the ability of management to manage growth and successfully compete in new businesses; and the ability of the Company to restructure or refinance its indebtedness. These risk factors and additional information are included in the Company's reports on Form 6-K and 20-F on file with the United States Securities and Exchange Commission.

                   Grupo TMM, S.A.B. and subsidiaries
                             Balance Sheet*
                         - millions of dollars -

                                                    September     December
                                                     30,2010      31,2009
                                                   ------------------------

Current assets:
Cash and cash equivalents                              107.308       84.244
----------------------------------------------------------------------------
Accounts receivable
   Accounts receivable - Net                            55.789       47.553
----------------------------------------------------------------------------
   Other accounts receivable                            39.630       31.885
----------------------------------------------------------------------------
   Prepaid expenses and other current assets            10.574        9.934
----------------------------------------------------------------------------
Total current assets                                   213.301      173.616
============================================================================
Property, machinery and equipment                      833.021      823.831
----------------------------------------------------------------------------
Cumulative Depreciation                               (169.900)    (145.433)
----------------------------------------------------------------------------
Property, machinery and equipment - Net                663.121      678.398
============================================================================
Other assets                                            44.586       53.250
----------------------------------------------------------------------------
Deferred taxes                                          96.803       97.274
----------------------------------------------------------------------------
Total assets                                         1.017.811    1.002.538
----------------------------------------------------------------------------

Current liabilities:
  Bank loans and current maturities of long-term
   liabilities                                          21.389       16.043
----------------------------------------------------------------------------
  Sale of accounts receivable                            9.905        7.869
----------------------------------------------------------------------------
  Suppliers                                             24.134       27.957
----------------------------------------------------------------------------
  Other accounts payable and accrued expenses           58.490       44.186
----------------------------------------------------------------------------
Total current liabilities                              113.918       96.055
============================================================================
Long-term liabilities:
  Bank loans                                            53.920       70.974
----------------------------------------------------------------------------
  Trust certificates debt                              754.803      677.520
----------------------------------------------------------------------------
  Sale of accounts receivable                            2.391       12.047
----------------------------------------------------------------------------
  Other long-term liabilities                           26.885       26.134
----------------------------------------------------------------------------

Total long-term liabilities                            837.999      786.675
============================================================================
Total liabilities                                      951.917      882.730
----------------------------------------------------------------------------

Stockholders' equity
  Common stock                                         155.177      155.240
----------------------------------------------------------------------------
  Retained earnings                                    (68.833)     (14.446)
----------------------------------------------------------------------------
  Initial accumulated translation loss                 (17.757)     (17.757)
----------------------------------------------------------------------------
  Cumulative translation adjusted                      (10.971)     (10.490)
----------------------------------------------------------------------------
                                                        57.616      112.547
----------------------------------------------------------------------------
  Minority interest                                      8.278        7.261
----------------------------------------------------------------------------
Total stockholders' equity                              65.894      119.808
----------------------------------------------------------------------------

Total liabilities and stockholders' equity           1.017.811    1.002.538
----------------------------------------------------------------------------

*Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.

                   Grupo TMM, S.A.B. and subsidiaries
                          Statement of Income*
                         - millions of dollars -

                                         Three months
                                        ended September   Nine months ended
                                              30,           September 30,
                                       ----------------  ------------------
                                         2010    2009      2010      2009
------------------------------------------------------- --------- ---------

  Ports and Terminals                    5.502    3.876    17.387    12.217
  Maritime                              51.060   49.171   153.448   151.308
  Logistics                             18.122   21.550    60.531    65.583
----------------------------------------------------------------------------
Revenue from freight and services       74.684   74.597   231.366   229.108
----------------------------------------------------------------------------

  Ports and Terminals                   (4.115)  (3.327)  (11.877)  (10.416)
  Maritime                             (25.208) (25.953)  (77.506)  (85.704)
  Logistics                            (19.065) (25.239)  (61.576)  (73.149)
----------------------------------------------------------------------------
Cost of freight and services           (48.388) (54.519) (150.959) (169.269)
----------------------------------------------------------------------------

  Ports and Terminals                   (0.360)  (0.374)   (1.085)   (1.154)
  Maritime                             (10.930)  (9.228)  (31.988)  (26.546)
  Logistics                             (2.308)  (2.561)   (6.898)   (5.650)
  Corporate and others                  (0.216)  (0.059)   (0.593)   (0.157)
----------------------------------------------------------------------------
Depreciation of vessels and equipment  (13.814) (12.222)  (40.564)  (33.507)
----------------------------------------------------------------------------

----------------------------------------------------------------------------
  Corporate expenses                    (3.487)  (3.976)  (10.654)  (11.205)
  Ports and Terminals                    1.027    0.175     4.425     0.647
  Maritime                              14.922   13.990    43.954    39.058
  Logistics                             (3.251)  (6.250)   (7.943)  (13.216)
  Corporate and others                  (0.216)  (0.059)   (0.593)   (0.157)
  Other (expenses) income - Net         (0.694)  (0.084)   (2.351)   (0.289)
----------------------------------------------------------------------------
Operating Income                         8.301    3.796    26.838    14.838
============================================================================
Financial (expenses) income - Net      (21.084) (21.028)  (53.286)  (67.858)
Exchange gain (loss) - Net             (12.879)  17.967   (23.839)   (7.434)
----------------------------------------------------------------------------
Net financial cost                     (33.963)  (3.061)  (77.125)  (75.292)
----------------------------------------------------------------------------
Gain (loss) before taxes               (25.662)   0.735   (50.287)  (60.454)
============================================================================
Provision for taxes                     (1.603)  (0.245)   (3.131)   (0.647)
----------------------------------------------------------------------------

Net income (loss) for the period       (27.265)   0.490   (53.418)  (61.101)
----------------------------------------------------------------------------

Attributable to:
  Minority interest                      0.082    0.559     1.019     0.581
----------------------------------------------------------------------------
Equity holders of GTMM, S.A.B.         (27.347)  (0.069)  (54.437)  (61.682)
----------------------------------------------------------------------------

Weighted average outstanding shares
 (millions)                            101.995   55.227   102.011    55.227
Income (loss) earnings per share
 (dollars / share)                       (0.27)   (0.00)    (0.53)    (1.12)

Outstanding shares at end of period
 (millions)                            101.995   55.227   101.995    55.227
Income (loss) earnings per share
 (dollars / share)                       (0.27)   (0.00)    (0.53)    (1.12)
----------------------------------------------------------------------------

*Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.

                    Grupo TMM, S.A.B. and subsidiaries
                         Statement of Cash Flows*
                          - millions of dollars -

                                            Three months
                                          ended September  Nine months ended
                                                30,          September 30,
                                         ----------------- -----------------
                                           2010     2009     2010     2009
----------------------------------------------------------------------------

Cash flow from operation activities:
Net income (loss) for the period         (27.265)   0.490  (53.418) (61.101)
----------------------------------------------------------------------------
Charges (credits) to income not affecting
 resources:
  Depreciation & amortization             15.773   13.283   45.969   37.545
----------------------------------------------------------------------------
  Other non-cash items                    30.651    5.901   73.283   71.036
----------------------------------------------------------------------------
Total non-cash items                      46.424   19.184  119.252  108.581
----------------------------------------------------------------------------
  Changes in assets & liabilities        (10.950)  (9.147) (29.156) (22.070)
----------------------------------------------------------------------------
Total adjustments                         35.474   10.037   90.096   86.511
----------------------------------------------------------------------------
Net cash provided by operating activities  8.209   10.527   36.678   25.410
============================================================================

Cash flow from investing activities:
  Proceeds from sales of assets            0.232    4.383    4.817   11.835
----------------------------------------------------------------------------
  Payments for purchases of assets        (4.029) (14.794) (14.884) (53.537)
----------------------------------------------------------------------------
  Sale of share of subsidiaries                              4.062
----------------------------------------------------------------------------
  Common stock decrease of subsidiaries            (0.202)           (0.202)
----------------------------------------------------------------------------
  Dividends from non-consolidated
   subsidiaries                                                       0.643
----------------------------------------------------------------------------
Net cash used in investment activities    (3.797) (10.613)  (6.005) (41.261)
============================================================================

Cash flow provided by financing
 activities:
  Short-term borrowings (net)             (6.667)            0.536   (0.939)
----------------------------------------------------------------------------
  Sale (repurchase) of accounts
   receivable (net)                       (2.603)  (7.222)  (7.053) (21.667)
----------------------------------------------------------------------------
  Repayment of long-term debt            (23.791)  (7.300) (54.721) (40.490)
----------------------------------------------------------------------------
  Proceeds from issuance of long-term
   debt                                   49.031    8.832   50.591    8.832
----------------------------------------------------------------------------
  Acquisition of treasury shares, net                       (0.013)
----------------------------------------------------------------------------
Net cash provided by (used in) financing
 activities                               15.970   (5.690) (10.660) (54.264)
============================================================================
Exchange losses on cash                    1.770   (2.609)   3.051    1.438
============================================================================
  Net (decrease) increase in cash         22.261   (8.385)  23.064  (68.677)
----------------------------------------------------------------------------
  Cash at beginning of period             85.047  108.155   84.244  168.447
----------------------------------------------------------------------------
  Cash at end of period                  107.308   99.770  107.308   99.770
----------------------------------------------------------------------------

*Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board.

TMM COMPANY CONTACT:
Jacinto Marina
Deputy CEO
011-525-55-629-8718
Email Contact

Monica Azar
Investor Relations
011-525-55-629-8703
Email Contact

AT DRESNER CORPORATE SERVICES:
Kristine Walczak
(investors, analysts, media)
312-726-3600
Email Contact

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