América Móvil proposes capital stock reclassification

Press release by América Móvil

This is an automated translation of the original press release issued in Spanish

Mexico City, Mexico, November 22, 2022. América Móvil, S.A.B. de C.V. (“AMX”) [BMV: AMX] [NYSE: AMX | AMOV], announces it will submit for the approval of its shareholders a proposal to unify the series of shares currently representing its capital stock (“AA”, “A” and “L”) into a single series of shares, comprised exclusively of ordinary shares, with full voting rights and no par value (the “Reclassification”). If the proposals to be submitted to our shareholders are approved, all series “A”, “AA” and “L” shares held by such shareholders would be converted into series “B” common shares at a 1:1 conversion ratio. The effectiveness of the proposed Reclassification involves an amendment to our bylaws, aimed at implementing the Reclassification, and will be subject to various corporate and regulatory approvals common to this type of transaction, becoming effective upon the issuance of a certificate of compliance with such conditions.