Grupo TMM Reports Third-Quarter 2012 Financial Results
Fleet's Utilization at 89% in 2012 Third Quarter; Free Cash Flow Positive in 2012 Third Quarter

MEXICO CITY -- (Marketwire) -- 10/25/12 -- Grupo TMM, S.A.B. (OTC: GTMAY) (BMV: TMM A) ("TMM" or the "Company"), a Mexican intermodal transportation and logistics Company, reported today its financial results for the third quarter of 2012.

MANAGEMENT OVERVIEW
José F. Serrano, chairman and chief executive officer of Grupo TMM, said, "In the 2012 third quarter we secured three new vessel contracts, which are worth a total of $30 million in revenue. These new contracts demonstrate the resilient nature of the Company's Maritime division, despite the global downturn in this industry. To date, the Maritime division's backlog is $175.6 million."

"While 2012 third-quarter consolidated revenue decreased compared to the 2011 period, primarily as a result of lower tariffs and lower utilization at the product tanker segment and reduced operations at Acapulco, our Maritime division continues to generate important EBITDA margins."

Serrano concluded, "We believe the future holds profitable opportunities for Grupo TMM. Although it has taken longer than anticipated, we expect to reach an agreement for the financing of the development of a container terminal at Tuxpan before year end. Additionally, we are working on a potential joint venture with an international shipyard, which would provide the necessary capabilities to build vessels at our own shipyard. These additional capabilities would position TMM in a new niche market of building vessels, for the Company or for third parties. Both of these projects will significantly grow our revenue and profit base in the longer term."

THIRD-QUARTER AND FIRST-NINE MONTHS 2012 OPERATING AND FINANCIAL RESULTS
Compared to the same periods of last year, consolidated revenue in the 2012 third quarter and first nine months decreased 3.0 percent and 6.8 percent, respectively.

Third-quarter 2012 consolidated operating profit was $11.1 million, increasing 85.0 percent compared to $6.0 million recorded in the third quarter of 2011. First nine-month 2012 consolidated operating profit was $17.1 million, declining 22.6 percent from $22.1 million in the same period of 2011.

Consolidated EBITDA in the 2012 current quarter was $23.7 million, improving 26.1 percent compared to $18.8 million in the same period of last year. In the 2012 first nine months, consolidated EBITDA was $55.2 million, falling 10.2 percent compared to $61.5 million in the same period of 2011.

Interest expense in the 2012 third quarter and first nine months was $15.7 million and $46.9 million, respectively. EBITDA minus interest expense resulted in free cash flow of $8.0 million in the 2012 third quarter.

Maritime revenue increased 0.4 percent in the 2012 third quarter compared to the same period last year, due to improvements at all segments except for product tankers, which was impacted by one unemployed vessel for half of the 2012 third quarter, by lower average daily tariffs compared to the third quarter of last year, and by two less vessels in operation, which had been leased in the 2011 third quarter.

Maritime revenue decreased 1.4 percent in the 2012 first nine months compared to the same period of last year, mainly driven by revenue losses at product and chemical tankers. Product tankers revenue decreased due to having certain vessels without contract or in maintenance, and to lower average daily tariffs; chemical tanker revenue declined as this business segment operated two tankers in the 2012 January to August period versus three tankers in the first half of 2011. These losses were partially offset by revenue improvements at offshore and harbor tugs and by $3.2 million of revenue from the Company's shipyard.

Maritime operating profit increased 2.8 percent in the 2012 third quarter compared to the same period of last year as a result of profit improvements at offshore and lower costs at harbor tugs compared to the 2011 third quarter, during which an additional vessel was leased to substitute two of the fleet's tugboats while in dry dock. The operating profit increase in the 2012 third quarter was partially offset by an operating loss at product tankers and by higher costs at chemical tankers due to the addition of a leased vessel in September, to substitute one of the fleet's tankers while in dry dock.

Maritime operating profit decreased 7.3 percent in the 2012 nine months compared to the same period of last year, mainly due to a $3.9 million operating loss at product tankers as a result of having certain vessels without contract in the 2012 nine-month period. This loss was partially offset by a 3.4 percent operating profit improvement at offshore due to higher revenue and to a large profit improvement at chemical tankers, from $0.3 million to $1.3 million, due to service efficiencies, which lowered this business segment's costs. Additionally, the Company's shipyard contributed $1.1 million of operating profit in the 2012 first nine months.

Maritime's EBITDA for the 2012 third quarter was $21.1 million, unchanged from the 2011 third quarter. In the 2012 first nine months, Maritime's EBITDA fell 4.9 percent, or $3.0 million, to $58.1 million compared to $61.1 million in the 2011 first nine months.

Ports and Terminals revenue grew 1.5 percent in the 2012 third quarter but declined 8.7 percent in the 2012 first nine months compared to the respective periods in 2011. Both reported periods were negatively impacted by revenue losses at Acapulco, due to a sustained reduction of ship calls at this Port, and to lower volumes at shipping agencies. These losses were partially offset by improved revenue at the automotive segment due to higher volumes and rates compared to both reported 2011 periods.

Ports and Terminals operating profit increased 10.0 percent in the 2012 third quarter compared to the 2011 third quarter, led by improvements at automotive and maintenance and repair. In the 2012 first nine months, Ports and Terminals operating profit declined 37.2 percent compared to the same period of last year, driven by profit reductions of approximately $2.7 million from decreased operations at Acapulco and by lower profit at shipping agencies over the 2011 comparable period. These decreases were partially offset by profit improvements at the automotive segment and to cost efficiencies at maintenance and repair in both 2012 reported periods compared to the respective 2011 periods.

Logistics revenue decreased 13.7 percent and 18.4 percent in the 2012 third quarter and first nine months, respectively, compared to the same periods of last year. Operating losses in the 2012 reported periods were partially offset by profit improvements at trucking due to cost efficiencies. Additionally, the division's warehouse business continues to make important progress.

DEBT
As of September 30, 2012, TMM's total net debt was $760.0 million. The book value of the Company's Trust Certificates debt increased $62.9 million from December 31, 2011, as a result of a 7.7 percent appreciation of the peso against the dollar in the first nine months of 2012. Of TMM's total debt, only $17.1 million, or 2.1 percent, is short term.


                                 Total Debt*
                           Million of U.S. Dollars
----------------------------------------------------------------------------
                                               As of 12/31/11  As of 9/30/12
----------------------------------------------------------------------------
Mexican Trust Certificates (1)                 $        684.3 $        754.2
----------------------------------------------------------------------------
Other Corporate Debt                                     68.2           78.5
-----------------------------------------------=============================
Total Debt                                     $        752.5 $        832.7
-----------------------------------------------=============================
Cash                                                     77.1           72.7
-----------------------------------------------=============================
Net Debt                                       $        675.4 $        760.0
----------------------------------------------------------------------------

*Book Value
(1) 20-year term, non recourse to the Company and rated "AA" by HR Ratings
de México
Exchange Rate: 13.95 pesos/dollar at December 31, 2011 and 12.87
pesos/dollar at September 30, 2012

Included in this press release are certain forward-looking statements within the meaning of Section27A 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 10-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 30,   December 31,
                                                    2012           2011
                                               -------------  -------------

Current assets:
Cash and cash equivalents                             72.682         77.123
                                               -------------  -------------
Accounts receivable
  Accounts receivable - Net                           46.947         38.963
                                               -------------  -------------
  Other accounts receivable                           16.823         17.556
                                               -------------  -------------
  Prepaid expenses and others current assets          11.367         11.568
                                               -------------  -------------
Total current assets                                 147.819        145.210
                                               =============  =============
Property, machinery and equipment                    943.573        914.809
                                               -------------  -------------
Cumulative Depreciation                             (230.476)      (203.985)
                                               -------------  -------------
Property, machinery and equipment - Net              713.097        710.824
                                               =============  =============
Other assets                                          35.844         28.447
                                               -------------  -------------
Deferred taxes                                        67.603         67.583
                                               -------------  -------------
Total assets                                         964.363        952.064
                                               -------------  -------------

Current liabilities:
  Bank loans and current maturities of long-
   term liabilities                                   17.097         17.190
                                               -------------  -------------
  Suppliers                                           23.272         21.475
                                               -------------  -------------
  Other accounts payable and accrued expenses         79.316         53.848
                                               -------------  -------------
Total current liabilities                            119.685         92.513
                                               =============  =============
Long-term liabilities:
  Bank loans                                          65.251         59.378
                                               -------------  -------------
  Trust certificates debt                            750.354        675.933
                                               -------------  -------------
  Other long-term liabilities                         17.339         15.828
                                               -------------  -------------

Total long-term liabilities                          832.944        751.139
                                               =============  =============
Total liabilities                                    952.629        843.652
                                               -------------  -------------

Stockholders´ equity
  Common stock                                       155.577        155.577
                                               -------------  -------------
  Retained earnings                                 (181.145)       (75.096)
                                               -------------  -------------
  Revaluation surplus                                 63.907         63.907
                                               -------------  -------------
  Initial accumulated translation loss               (17.757)       (17.757)
                                               -------------  -------------
  Cumulative translation adjusted                    (12.905)       (22.111)
                                               -------------  -------------
                                                       7.677        104.520
                                               -------------  -------------
  Minority interest                                    4.057          3.892
                                               -------------  -------------
Total stockholders´ equity                            11.734        108.412
                                               -------------  -------------

Total liabilities and stockholders´ equity           964.363        952.064
                                               -------------  -------------

*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   Nine months ended
                                        September 30,       September 30,
                                     ------------------  ------------------
                                       2012      2011      2012      2011
                                     --------  --------  --------  --------

  Ports and Terminals                   6.883     6.791    18.931    20.740
  Maritime                             44.693    44.551   125.977   127.776
  Logistics                            15.109    17.497    45.594    55.886
                                     --------  --------  --------  --------
Revenue from freight and services      66.685    68.839   190.502   204.402
                                     --------  --------  --------  --------

  Ports and Terminals                  (5.336)   (5.536)  (15.177)  (15.543)
  Maritime                            (23.568)  (23.562)  (67.830)  (66.640)
  Logistics                           (15.286)  (18.054)  (47.739)  (56.450)
                                     --------  --------  --------  --------
Cost of freight and services          (44.190)  (47.152) (130.746) (138.633)
                                     --------  --------  --------  --------

  Ports and Terminals                  (0.443)   (0.296)   (1.001)   (0.912)
  Maritime                            (10.241)  (10.420)  (30.087)  (30.863)
  Logistics                            (1.726)   (1.733)   (6.281)   (6.990)
  Corporate and others                 (0.237)   (0.261)   (0.690)   (0.657)
                                     --------  --------  --------  --------
Depreciation and amortization         (12.647)  (12.710)  (38.059)  (39.422)
                                     --------  --------  --------  --------

                                     --------  --------  --------  --------
  Corporate expenses                   (4.254)   (4.398)  (11.753)  (12.875)
  Ports and Terminals                   1.104     0.959     2.753     4.285
  Maritime                             10.884    10.569    28.060    30.273
  Logistics                            (1.903)   (2.290)   (8.426)   (7.554)
  Corporate and others                 (0.237)   (0.261)   (0.690)   (0.657)
  Other (expenses) income - Net         5.509     1.473     7.196     8.643
                                     --------  --------  --------  --------
Operating Income                       11.103     6.052    17.140    22.115
                                     ========  ========  ========  ========
Financial (expenses) income - Net     (17.253)  (20.284)  (52.385)  (63.480)
Exchange gain (loss) - Net            (32.747)  109.014   (62.666)   67.340
                                     --------  --------  --------  --------
Net financial cost                    (50.000)   88.730  (115.051)    3.860
                                     --------  --------  --------  --------
Gain (loss) before taxes              (38.897)   94.782   (97.911)   25.975
                                     ========  ========  ========  ========
Provision for taxes                    (0.257)   (3.153)   (0.646)   (5.974)
                                     --------  --------  --------  --------

Net gain (loss) for the period        (39.154)   91.629   (98.557)   20.001
                                     --------  --------  --------  --------

Attributable to:
  Minority interest                     0.204     0.036     0.168     0.863
                                     --------  --------  --------  --------
Equity holders of GTMM, S.A.B.        (39.358)   91.593   (98.725)   19.138
                                     --------  --------  --------  --------

Weighted average outstanding shares
 (millions)                           102.183   102.183   102.183   102.169
Income (loss) earnings per share
 (dollars / share)                      (0.39)     0.90     (0.97)     0.19

Outstanding shares at end of period
 (millions)                           102.183   102.183   102.183   102.183
Income (loss) earnings per share
 (dollars / share)                      (0.39)     0.90     (0.97)     0.19
                                     --------  --------  --------  --------

*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   Nine months ended
                                        September 30,       September 30,
                                     ------------------  ------------------
                                       2012      2011      2012      2011
                                     --------  --------  --------  --------

Cash flow from operation activities:
Net gain (loss) for the period        (39.154)   91.629   (98.557)   20.001
                                     --------  --------  --------  --------
Charges (credits) to income not
 affecting resources:
  Depreciation & amortization          14.186    14.591    42.600    46.634
                                     --------  --------  --------  --------
  Other non-cash items                 42.372   (86.612)  105.445    (9.562)
                                     --------  --------  --------  --------
Total non-cash items                   56.558   (72.021)  148.045    37.072
                                     --------  --------  --------  --------
  Changes in assets & liabilities      (1.586)   (4.857)   (3.846)  (25.258)
                                     --------  --------  --------  --------
Total adjustments                      54.972   (76.878)  144.199    11.814
                                     --------  --------  --------  --------
Net cash provided by operating
 activities                            15.818    14.751    45.642    31.815
                                     ========  ========  ========  ========

Cash flow from investing activities:
  Proceeds from sales of assets         1.081     0.477     2.594     3.285
                                     --------  --------  --------  --------
  Payments for purchases of assets    (12.574)   (3.135)  (14.196)   (8.660)
                                     --------  --------  --------  --------
  Acquisition of share of
   subsidiaries                                            (4.175)
                                     --------  --------  --------  --------
  Paid to minority partners                      (3.084)             (3.084)
                                     --------  --------  --------  --------
Net cash used in investment
 activities                           (11.493)   (5.742)  (15.777)   (8.459)
                                     ========  ========  ========  ========

Cash flow provided by financing
 activities:
  Short-term borrowings (net)          (0.088)              0.268
                                     --------  --------  --------  --------
  Sale (repurchase) of accounts
   receivable (net)                              (0.343)            (11.902)
                                     --------  --------  --------  --------
  Repayment of long-term debt         (16.533)  (41.667)  (56.216) (104.227)
                                     --------  --------  --------  --------
  Proceeds from issuance of long-
   term debt                           12.604     6.568    15.443    11.168
                                     --------  --------  --------  --------
Net cash used in financing
 activities                            (4.017)  (35.442)  (40.505) (104.961)
                                     ========  ========  ========  ========
Exchange losses on cash                 2.317    (7.668)    6.199    (3.679)
                                     ========  ========  ========  ========
  Net (decrease) increase in cash       2.625   (34.101)   (4.441)  (85.284)
                                     --------  --------  --------  --------
  Cash at beginning of period          70.057    91.136    77.123   142.319
                                     --------  --------  --------  --------
  Cash at end of period                72.682    57.035    72.682    57.035
                                     --------  --------  --------  --------

*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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