Investor Presentaiton

46 46 Interest rate risk framework 2016 - 2019 Framework based on two measures of risk Long term risk measure: duration (i.c. weighted average maturity) Short term risk measure: 12-month forward looking refixing amount Duration goal of 6.4 years at the end of 2019 within a margin of ±0.25 years • 12-month forward looking refixing amount end of year needs to stay below 18% debt ⚫ 2016 results " Year end duration of 5.60 years ■ Year end refixing amount of 17.0% of debt ⚫ 2017 targets • ■ ■ Year end duration goal of 6.0 years Year end refixing amount below 18% of debt Investor presentation Mexico City

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