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Investor Presentaiton

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY Grupo Herdez, S.A.B. de C.V. and Subsidiaries. For the two years ended December 31, 2009 (Amounts stated in thousands of Mexican pesos) Capital stock Reserve for the purchase of shares Retained earnings Premium on the subscription of shares Cumulative translation adjustment Non-controlling equity Balances at January 1, 2008 Ps 961,912 Ps 229,680 Ps 601,097 (1) Ps 220,959 Ps 610,697 Capital decrease from repurchase of shares (31) 31 Repurchase of outstanding shares (442) Capital increase from placement of shares 16 (16) Placement of shares 218 Payment of dividends (214,179) Changes in non-controlling equity Comprehensive income 2008 (Note 21.) 582,510 Balances at December 31, 2008 961,897 229,471 969,428 (1) 220,959 Ps 25,660 (110,000) 11,711 189,630 25,660 702,038 Capital decrease from repurchase of shares (890) Repurchase of outstanding shares 890 (11,474) Capital increase from placement of shares Placement of shares 41 (41) 658 Payment of dividends Comprehensive income (Note 21.) (214,045) 746,127 (7,465) (145,000) 250,605 Balances at December 31, 2009 Ps 961,048 Ps 219,504 Ps 1,501,510 (1) Ps 220,959 Ps 18,195 Ps 807,643 (1) Includes Ps141,861 of the legal reserve in both years. Héctor Hernández Pons Torres General Director Ernesto Ramos Ortiz Administration and Corporate Practices Director The accompanying nineteen notes are an integral part of these consolidated financial statements, which were authorized for issuance on February 18, 2010 by the undersigned officers. TRUST IN OUR FUTURE 33 ך
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