Investor Presentaiton

Note: Wal-Mart de México, S.A.B. de C.V. held its annual general ordinary shareholders' meeting on March 20, 2014 and the integration of the new Board of Directors was determined: Chairman Enrique Ostalé Directors Enrique Ostalé David Cheesewright Scot Rank Brett Biggs Rafael Matute Pedro Farah Carmen Bauza Adolfo Cerezo* Blanca Treviño* Salvador Paiz* Robert Newell* *Independent Director Board of Directors Alternate Directors Ernesto Cervera* Olga Gonzalez Renzo Casillo Farley Sequeira Secretary Alberto Sepúlveda Assistant Secretary Enrique Ponzanelli AUDIT AND CORPORATE PRACTICES COMMITTEES There are three Directors, all of them independent. • • • • • PRIMARY RESPONSIBILITIES Appointing the Independent Auditor for the Company; establishing fees. Overseeing internal controls and ensuring they meet all applicable legal and accounting regulations; and reviewing related-party transactions conducted by the Company. Reviewing Financial Statements to ensure they reflect and accurate and true overview of the Company's financial situation. These Committees have the necessary procedures to receive, safeguard and respond to all complaints regarding accounting practices and controls, and all audit-related matters. Also, the Committees have the necessary resources and are authorized to retain legal counsel and any other required outside consultancy so they can meet their obligations. Reducing the potential risk of conducting transactions that could compromise Company assets or that could favor a specific group of shareholders. Approving policies that govern the use and possession of Company assets. • . . • • • Authorizing related-party transactions, total compensation for the CEO, and all policies regarding total compensation for top management. Assisting the Board of Directors in its duty of producing reports on accounting practices. Holding private meetings and receiving periodic reports from Internal Audit, Legal and Compliance, and Ethical Behavior. Calling shareholder meetings and ensuring all pertinent matters are included in the order of business for the meeting. PRINCIPAL PRACTICES AND REQUIREMENTS All members are Independent Directors, with experience in finance. Independent auditors are not allowed to perform consultancy services for the Company. The partner from the Independent Audit firm who renders an opinion on Financial Statements for the Company must be periodically changed. MEMBERS OF THE AUDIT AND CORPORATE PRACTICES COMMITTEES: Adolfo Cerezo (Chairman) Blanca Treviño Ernesto Vega Note: Wal-Mart de México, S.A.B. de C.V. held its annual general ordinary shareholders' meeting on March 20, 2014 and the integration of the new Audit and Corporate Practices Committees was determined. All members are Independent Directors: Adolfo Cerezo (Chairman). Roberto Newell Blanca Treviño Ernesto Cervera (Alternate) 2013 Financial and Social Responsibility Report 56

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