Investor Presentaiton

History: Walmart's first international business CIFRA & 1991 CLUB AURRERA 1 El Gran Negocio Para Sa Segocio CLUB 11 Cities with Walmex presence WAL⭑MART Joint venture between Cifra and Wal-Mart Stores, Inc. WAL MART SUPERCENTER 1993 Siempr First Walmart Supercenter in Mexico City 6 First Sam's Club in Mexico City 1997 WAL-MART Stores, Inc. MEXICAN STOCK EXCHANGE CIFRA Wal-Mart Stores, Inc. acquires majority position in Cifra Tender offer on the MSE - 1991 Walmart México y Centroamérica

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