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Attachment A

INMUEBLES CARSO, S.A.B. DE C.V.

INFORMATION BROCHURE PREPARED IN ACCORDANCE WITH ARTICLE 90 OF THE SECURITIES MARKET LAW AND ARTICLE 9 OF THE GENERAL PROVISIONS APPLICABLE TO SECURITIES ISSUERS AND OTHER SECURITIES MARKET PARTICIPANTS, PUBLISHED IN THE OFFICIAL GAZETTE OF THE FEDERATION ON MARCH 19, 2003, AMENDED IN ACCORDANCE WITH THE RESOLUTIONS PUBLISHED IN SAID OFFICIAL GAZETTE OF THE FEDERATION ON OCTOBER 7, 2003, SEPTEMBER 6, 2004, SEPTEMBER 22, 2006, SEPTEMBER 19, 2008, JANUARY 27, 2009, JULY 22, 2009 AND DECEMBER 29, 2009 (THE “ISSUERS’ REGULATIONS”) IN ORDER TO RECORD IN THE NATIONAL SECURITIES REGISTRY (THE “RNV”) AND TO LIST AND TRADE IN THE BOLSA MEXICANA DE VALORES, S.A.B. DE C.V. (THE “BOLSA”) WITHOUT PUBLIC OFFERING OF 2,745,000,000 COMMON, SERIES B-1 SHARES WITH NO PAR VALUE OF THE MINIMUM FIXED CAPITAL STOCK OF INMUEBLES CARSO, S.A.B. DE C.V. (HEREINAFTER, INDISTINCTLY THE “COMPANY, THE “ISSUER” OR “INMUEBLES CARSO”), WHICH ENTITY WAS INCORPORATED AS A RESULT OF THE SPIN-OFF OF GRUPO CARSO, S.A.B. DE C.V.

Potential acquirers must carefully consider the information contained in this Information Brochure and, especially, in the section “ General information – Risk factors ”.

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THE SHARES REFERRED TO IN THIS INFORMATION BROCHURE ARE NOT BEING OFFERED TO THE PUBLIC. THIS INFORMATION BROCHURE DOES NOT CONSTITUTE A PUBLIC OFFERING OF SECURITIES.

The National Banking and Securities Commission (“CNBV”) has authorized the registration of the shares of capital stock of Inmuebles Carso, S.A.B. de C.V. in the RNV with number [ — ] in the RNV. Following their registration, these shares will be listed and will be eligible for trading in the Bolsa.

The registration with the RNV does not imply a certification about the soundness of the securities, the solvency of the Issuer or the accuracy or veracity of the information in this Information Brochure, nor does it confirms the actions, if any, that may have been executed in breach of the laws.

This Information Brochure is available at the following websites: http://www.bmv.com.mx ; http://www.cnbv.gob.mx and http:// www.gcarso.com.mx.

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INDEX

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No broker with authority to execute transactions with the public, or any other person, has been authorized to provide information or to make any statement that is not contained in this document. As a result of the foregoing, any information or statement not contained herein shall not be deemed to have been authorized by the Issuer.

THE SHARES REFERRED TO IN THIS INFORMATION BROCHURE ARE NOT BEING OFFERED TO THE PUBLIC. THIS INFORMATION BROCHURE DOES NOT CONSTITUTE A PUBLIC OFFERING OF SECURITIES.

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1)        GENERAL INFORMATION

Unless indicated otherwise, the capitalized terms included in this Information Brochure will have the meanings indicated below, which shall apply in the singular and plural:

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The information contained herein was selected and obtained from this Information Brochure. The Executive Summary does not include all of the information that must be taken into account by the investor. The Information Brochure should be read in its entirety, including the risk factors (see “ General information – Risk factors ”) and the consolidated financial statements of the Company that are attached hereto.

To consult the meaning of the abbreviations and capitalized terms used herein, see “ General information – Glossary of terms and definitions ”.

The Issuer

The Issuer is a variable capital business corporation duly organized and validly existing pursuant to the laws of Mexico, named “Inmuebles Carso, S.A.B. de C.V.” and commercially identified as “Inmuebles Carso”.

The Company was incorporated as a result of the spin-off of Grupo Carso, approved by the general extraordinary shareholders’ meeting of said company held on November 4, 2010, which shareholders’ meeting was formalized by means of public instrument number 37,483 dated November 10, 2010; granted before Mr. Héctor Manuel Cárdenas Villarreal, Notary Public 201 of the Federal District, the first official transcript of which was recorded in the Public Registry of Commerce of the Federal District on November 11, 2010 in commercial file number 33325. Due to its recent incorporation, the Company has not participated in relevant corporate events other than its incorporation, which was formalized by means of the public instrument number 37,613 dated November 25, 2010, granted before the aforementioned Notary Public, the first official transcript of which was recorded in the Public Registry of Commerce of the Federal District on November 30, 2010 in electronic commercial file number 427522-1.

The Company’s headquarters are located in the complex “Plaza Carso” located at Lago Zurich 245, Edificio Carso, 20 ^th floor, Colonia Ampliación Granada, Zip Code 11529, Mexico City, Federal District. The telephone number of the Company is (55) 2122-2600.

The reason for incorporating the Company is, among others, to create value for the shareholders of Grupo Carso considering that, previously, the price of the shares of Grupo Carso did not fully reflect the value of the group’s real estate properties. The shareholders’ meeting and Grupo Carso’s administrations considered that the creation of Inmuebles Carso would allow the trading price of the shares of Grupo Carso and Inmuebles Carso to reflect the business value of such companies more accurately.

In view of the foregoing, Grupo Carso considered convenient to carry out a spin-off in order to create a new entity that will focus on the development and marketing of real estate assets, which shares of capital stock would be traded on the Bolsa.

Business Overview

The Issuer, through its Subsidiaries, is dedicated primarily to acquiring, selling, developing and leasing real estate properties used as offices, commercial and service establishments (including without limitation department stores), hotels (and their operation), universities, hospitals, touristic developments and residential real estate developments, and country clubs and/or golf clubs.

Main activity

Through its real estate Subsidiaries, the Company participates in the real estate market and in the hotel industry in Mexico, the latter through Grupo Calinda and its subsidiaries.

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The summary below briefly describes the activities carried out by some of the most relevant Subsidiaries of Inmuebles Carso. For more information about the activities of each Subsidiary, please refer to “ The Issuer – Business overview – Main activity ” hereof.

Inmuebles SROM results from the real-state division that remained in such company when in the spin-off the operation was transferred to Sears Operadora, and its responsible for the growth, development, leasing and management of several real estate properties, including 25 Sears stores, one Saks Fifth Avenue department store, and a distribution center. Likewise, Inmuebles SROM has different equity participations in several shopping centers, including Plaza Universidad, Plaza Satélite, Pabellón Polanco, Plaza Insurgentes and Plaza Imagen.

Dorian’s administrates several real estate properties, including, one Sears and Dax stores, an office building and two lots, including one in Polanco, Federal District.

Inmuebles General owns the real estate development “Plaza Carso”, located in the area of Polanco, Mexico, City, Federal District. This project is a result from restructuring the industrial area of Polanco, in order to start the most important real-estate property project in Latin America, with an investment of more than 800 million dollars, a surface area of 78,000 square meters and 860,000 square meters of construction, between a development with offices, housing, commerce, services, accommodations, entertainment, culture and green areas.

Inmobiliaria Desarrollo de Proyectos is a holding company of a group of companies, whose primary businesses is real estate leasing. Owns 19 school campuses that are leased in long term to four different educational operators: UNITEC, Grupo Sol, Colegio Hispano Mexicano de Querétaro and Universidad del Tercer Milenio. With respect to health services, owns six hospitals which are currently operating and five lots for the construction of more hospitals. The hospitals are or shall be managed by Grupo Star Médica, one of the fastest growing hospital groups in Mexico that provides services to a large number of clients who are middle to lower middle class.

Promotora Sanborns, the main activity of this company is real estate property leasing, specifically, to subsidiaries of Grupo Carso for the operation of Sanborns’ stores, among others. Likewise, Promotora Sanborns acts as a subholding of other subsidiaries that operate in the real estate business and whose revenue is generated from the leasing of shopping centers and real estate properties to operate stores in general. Presently, Promotora Sanborns owns real estate properties where twenty five Sanborns stores, eleven Sanborns Café, twelve Sears stores, nine Dax stores, the Hotel Veracruz Centro Histórico are operating, two office buildings leased to Sears and Grupo Sanborns and, among other real estate properties, it has residential houses, shops and many land for urban developments. Furthermore, Promotora Sanborns participates in the operation of several shopping centers (see “ The Issuer – Business Overview – Main Activity ” hereof).

Grupo Calinda, through Grupo Calinda, the Company operates and administrates real estate properties owned by it as well as by third parties, whose objective is to provide hotel services under the trademark Ostar Grupo Hotelero, including the following hotels: (i) Hotel Geneve Ciudad de México; (ii) Hotel Veracruz Centro Histórico; (iii) Hotel Francia Aguascalientes, (iv) Hotel Racquet Cuernavaca; (v) Hotel Calinda Beach Acapulco; and (vi) Hotel Ramada Orlando Kissimmee.

Expansion Plans

In the coming years, the Company shall continue with its expansion plans. The Company expects to conclude at the close of the current corporate year, the first stage of the complex “Plaza Carso”. The second stage of “Plaza Carso” is expected to conclude in 2012.

In terms of the development of shopping centers, the Company is constructing some shopping centers in the cities of San Luis Potosí, Villahermosa, and Veracruz, which shall be inaugurated during the second half of 2011.

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Summary of financial information

For a complete description of the expansion plans of the Company , see “The Issuer – Business Overview – Description of the main assets ” hereof.

The consolidated, combined, selected, pro forma financial information that follows has been partially obtained from the financial statements prepared by the Company and reviewed by the auditors of independent firm Galaz, Yamazaki, Ruiz Urquiza, S.C., member of Deloitte Touche Tohmatsu, who issued their opinion in respect of such financial statements.

The consolidated, combined, selected, pro forma financial information must be read together with the financial statements that have been incorporated in Section 6 of the Exhibits of this Information Brochure.

The consolidated, combined, selected, pro forma financial information as of June 30, 2010 and 2009 referred to as “Base Numbers” has been prepared solely to present the financial condition and the result of operations of the real estate business. The consolidated, combined, selected, pro forma financial information as of December 31, 2009, 2008 and 2007 “Base Numbers” has been prepared in accordance with the NRS.

The financial information that is included in this Information Brochure must be read together with the consolidated financial statements of Grupo Carso included in the Annexes to this Information Brochure.

The following tables contain a summary of the financial information of Company.

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In assessing the possible acquisition of shares of capital stock of the Company, investors must consider, analyze and carefully examine all of the information contained herein and, especially, the risk factors that are mentioned below. The key risk factors included below are those that the Company considers to affect the share price and adversely and significantly affect their performance, returns and operating results; and, consequently must be taken into account by the investing public. The risk factors included herein are exemplary; however other risk factors could exist that may affect the Company’s results.

Risks related to the Operations of the Issuer

The historical performance of the Issuer may not be representative of the performance as a separated company.

As a result of the recent spin-off, the Issuer has no operating history independent from Grupo Carso and has not been managed or operated as an autonomous business. In addition, the selected financial information consolidated pro forma included in this Information Brochure regarding the

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previous periods to the Company’s spin-off from Grupo Carso, include the historic results of operations of Grupo Carso’s entities transmitted to the Company in the spin-off, however, the performance of such entities may have been different if they were entities separated during the presented periods.

Consequently, the submitted financial information is not necessarily indicative of which will be the results in operations, financial position and cash flow of the Company in the future, and may be changes in the cost structure, financing and operations as a result of Grupo Carso’s separation.

The Issuer is a new company and has never operated independently from Grupo Carso.

The Issuer is a company recently incorporated as a result of the spin-off of Grupo Carso. Therefore, the Issuer shall acquire experience to operate from this date as an independent business.

The Issuer must comply with various requirements in order for its shares to remain registered with the RNV.

In connection with the registration with the RNV of the shares representing the Issuer’s capital stock and their inclusion among the securities authorized to be listed on the Bolsa, the Issuer will be required to comply with various obligations and requirements to maintain such registrations. Failure by the Issuer to comply with such requirements for maintaining these registrations could result in the imposition of administrative sanctions, suspension of the listing of the Issuer’s shares on the Bolsa or revocation of the registration of such shares with the RNV and/or from the list of securities authorized to be listed on the Bolsa.

The Issuer could face difficulties to finance its operations and investments.

Due to its recent incorporation, the Issuer and its Subsidiaries could face difficulties to obtain financing in favorable conditions for the development of its operations and the financing of its investments, which may have an adverse effect in the operation and results of the Issuer’s Subsidiaries, and consequently in the financial situation of such.

The Issuer is a holding company and its risks are related to the operating risks of its Subsidiaries.

The assets of the Issuer basically include shares of its Subsidiaries, which represents a risk factor when considering that the results of the Issuer directly depend on the results of the Subsidiaries.

Therefore, any encumbrance to the performance of the Company’s Subsidiary, any contingency derived from acts of God or force majeure, contractual breach, rejection, cancelation or revocation of permits, authorizations and licenses and in general any encumbrance that prevents or hinders the proper performance of activities or affects the results of the Subsidiaries could directly affect the results of the Company.

A significant portion of the Company’s revenue is originated from Grupo Carso and its Subsidiaries

A significant part of the real estate properties of the Subsidiaries owned by the Issuer are subject to lease agreements in terms of which Grupo Carso and its Subsidiaries act as lessees; therefore, the Issuer financially relies on one sole client. Any variation in the revenues or earnings of Grupo Carso and/or its subsidiaries, for whatever reason, could have a materially adverse and immediate effect on the Issuer and its Subsidiaries.

Operations with Related Parties

During the ordinary course of business, the Company and its Subsidiaries execute and/or shall execute operations with certain related parties such as Subsidiaries and associated companies of AMX, Grupo Financiero Inbursa, CICSA, Telmex, Minera Frisco and Grupo Carso. Additionally, as indicated previously, the Company currently has executed many lease agreements with related parties. These types of operations may generate potential conflicts of interest. Nevertheless, the operations with related parties are executed according to market conditions. See “ Administration – Operations with Related Parties and Conflicts of Interest ”.

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Difficulty indentifying the proper real estate properties for the business of the Issuer and its Subsidiaries

The business of the Issuer and its Subsidiaries depend on its continued ability to acquire real estate properties (both plots of land and buildings with land) that may be leased or developed. To the extent that developers enhance their current operations or increase the number of developers, the price of land could increase and its availability could decrease as a result of increased demand. Additionally, if the Company is not able to reflect the increase in the acquisition price of the property in its lease or sale price, the profits of the Company could be adversely affected. We cannot guarantee that the Issuer shall be able to purchase adequate real estate properties to develop its businesses or that it is able to lease or sell all of these at competitive and market prices.

Real estate business in Mexico is very competitive

Nowadays, the domestic real estate business is very competitive. The incursion of new domestic and foreign competitors has increased the competition in this industry. These competitors may present more competitive offers resulting in lesser income for the Company. The increase of the competitors in the market may adversely affect the participation in the market and the operating results of the Company.

Real estate business in Mexico is subject to extensive federal, state and municipal regulation.

The real estate business in Mexico is subject to extensive construction, zoning, environment regulations, among others, which is entrusted to different federal, state and municipal governmental authorities. This may affect the construction of real estate developments or the possibility of acquiring proper real estate properties to lease or sell in terms of their location. The continuous or increased participation of the Company in the real estate business shall depend on its ability to timely obtain the permits and authorizations necessary for their real estate projects. Amendments to the regulations applicable to the real estate market as well as the enactment and application of new laws in this subject matter may have a significant adverse effect over the activities, operations and financial situation of the Issuer as well as on its future real estate projects.

Real estate properties of the Issuer and the Subsidiaries could be expropriated.

If the competent authorities expropriate a significant portion of the real estate properties owned by the Subsidiaries and the Issuer, it could affect the financial situation of the Issuer and its operating results. Despite the fact that the Mexican government in the event of an expropriation shall be obligated to indemnify the owner of the corresponding real estate property, it is possible that such indemnity is not sufficient to cover the actual value thereof. This would significantly impact the assets of the Issuer.

Environmental Contingencies

Certain construction projects of the Company must comply with environmental requirements, whose breach could generate significant costs and contingencies. Engineering and construction projects of certain Subsidiaries of the Issuer may impact the environment and their remedy or payment of the sanctions imposed as a result thereof would generate additional expenses that, in turn, would have adverse consequences in the results of the Issuer.

Contingencies beyond the Issuer’s control

The revenue of the Company could be affected by several factors that are beyond its control, including delays in obtaining the corresponding governmental authorizations (water supply, zoning, construction, among others) caused by the competent authorities, natural disasters, breaches by contractors or other third parties, among others, which could increase the Issuer’s operation costs and delay the development of new projects. Also, the deterioration in economic conditions in Mexico could reduce demand for properties in Mexico, which could adversely affect the Issuer.

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Returns from present or future real estate projects shall be subject to many risks inherent to the real estate sector .

Returns related to several real estate projects of the Issuer, whether present or future, shall be subject to many factors that may have an adverse effect on the operating results of the Issuer and its Subsidiaries, including without limitation: (i) the characteristics and location of the real estate project; (ii) over-supply of space; (iii) reduction in the demand for real estate properties; (iv) the competition related to the sale or lease prices of the real estate properties; (v) the economic conditions of the buyers and lessees of the real estate properties; (vi) the quality and price of the services related to the real estate property, including its administration, management and maintenance; (vii) increases in the costs of maintenance and operation of the real estate properties; (viii) frequency of investments in real estate properties; (ix) losses of uninsured real estate properties or those not covered by the existing insurance policies; (x) lawsuits related to the real estate properties; (xi) funding availability and increase of cost thereof; and (xii) acts of God or force majeure. These risks could have a materially adverse effect over the returns of the real estate projects of the Issuer.

Project development shall depend on the availability of resources

To acquire new real estate properties and develop new real estate projects, the Issuer needs capital, which may be obtained by financing, the internal generation of resources and investments of its shareholders. If the Issuer is unable to obtain such resources and, in the case of financing, cannot contract these under competitive conditions, the growth rate of the Issuer shall be adversely affected, which in turn shall have a negative impact on the business and the operating results of the Issuer.

The Issuer does not have experience with operations in jurisdictions outside of Mexico

The Issuer’s management may decide to acquire assets or to expand its operations to jurisdictions outside of Mexico. The Issuer does not have experience with operations in jurisdictions other than Mexico, and may not be able to develop the necessary relationships with suppliers, contractors, employees and/or customers. Other relevant factors for the Issuer’s business, such as applicable laws and regulations, as well as work practices may be significantly different from those that apply to its operations in Mexico. If the Issuer starts operations outside of Mexico, any delay or inability to adapt and comply with the significant operating and regulatory conditions may have a materially adverse effect over its business, operating results and financial condition of the Issuer.

The Issuer may face risks in terms of currency exchange in the event of carrying out operations in jurisdictions outside of Mexico

If, in the future, the Issuer’s administration decides to carry out operations in jurisdictions outside of Mexico, its projects shall require financing in other currencies, therefore, the fluctuations in their rate of exchange could have a positive or adverse result in the operations of the Company.

The hotels operated by the Subsidiaries of Grupo Calinda are located in places that have been impacted by the economic downturn and insecurity in Mexico

Adverse economic conditions or due to insecurity, the hotels operated by the Subsidiaries of Grupo Calida are subject to reduced income from business travelers or tourists. During periods of financial difficulty or insecurity, domestic and foreign travelers, whether for business or pleasure, reduce their travel expenses or limit or cut down the number of trips that are taken. An adverse economic environment or high levels of insecurity may have adverse effects on the operating and financial results of the Issuer.

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A regional, national or global outbreak of influenza or other diseases may adversely affect the business and operating results of Grupo Calinda and the Issuer.

In April 2009, the outbreak of influenza type A (H1N1) caused the World Health Organization to declare the first global influenza pandemic in 40 years. In Mexico, public health measures were implemented as a result of the influenza outbreak, including banning travel, closing schools and offices and cancelling events. The influenza epidemic adversely affected the public perception of safety and the advisability of travelling to and from México, which substantially reduced the demand for hotel rooms owned by the Subsidiaries of Grupo Calida. New outbreaks of influenza H1N1 and other contagious diseases that are similar in Mexico could cause additional health measures to be taken, which would decrease the demand for places of public accommodation and consequently, have a material adverse effect on the business and operating results of Grupo Calida and, as a result, on the Issuer.

Competition in the hotel industry

The hotel industry is highly competitive. Competition in the hotel industry is represented by a variety of international and local hotel operators, which are substantially larger than Grupo Calinda and may have more marketing and financial resources than Grupo Calinda.

The combined, consolidated pro forma financial information of the Issuer contains only limited information.

The combined, consolidated pro forma financial information of the Issuer contains limited information that was prepared with the sole purpose of presenting the financial position and results of operations of those businesses in the real estate sector. This information was reviewed by independent auditing firm Galaz, Yamazaki, Ruiz Urquiza, S.C., member of Deloitte Touche Tohmatsu, which issued an opinion on the same. The discussion of such combined, consolidated pro forma financial information should be read in conjunction with the consolidated financial statements of Grupo Carso for the fiscal years 2007, 2008 and 2009, which are included in the “ Annexes ” section of this Information Brochure. It should be noted that the combined, consolidated pro forma financial information presented by the Issuer is not necessarily indicative of the future results of operations, financial position and cash flow of the Company and its Subsidiaries, as there potentially may be changes in the structure of costs, financing and/or operations as a result of the separation of the Company and its initiating of independent operations.

Risks related to operations in Mexico

The operations of the Company are subject to economic and political conditions in Mexico

The business, operating results and financial condition of the Company may be affected significantly and adversely by changes in the policies of the Federal Government or other political, regulatory or economic developments in Mexico. In the past, on several occasions, the Federal Government has intervened in the economic and social structure of the nation. Among other actions, previous administrations have set controls over prices, currency rates of exchange and domestic and foreign investment as well as restrictions on importations and have expropriated assets from the private sector.

The economic situation in Mexico may affect the business of the Issuer

The Issuer is a Mexican company that has substantially all its assets located in Mexico. Therefore, the economic or financial situation, operating results and forecasts may be affected by several factors, including without limitation, inflation, currency depreciation, legislation amendments, political, social and/or economic changes occurring in Mexico, which are beyond the control of the Company.

Violence linked to drug trafficking in various regions of the country could disrupt the projects and prospects of the Company

Certain regions in Mexico have experienced local outbreaks of violence linked to drug trafficking. Although the construction, real estate and land owned by the Company have not been adversely affected by these outbreaks of violence, any increase in the level of violence or a concentration of violence in areas where projects and prospects of the Company are located could have an adverse effect on operating results and financial situation of the Issuer.

Risks related to the structure of the Issuer

A limited number of persons exerts control over the Issuer

The Company will have 2,745,000,000 authorized series B-1 shares and 2,312,510,500 outstanding shares. Considering that the Company was incorporated as a result of a spin-off of Grupo Carso and considering that the most recent public information available for Grupo Carso on April 29, 2010, the date of the last annual ordinary shareholders’ meeting of Grupo Carso, initially it was expected that 78.70% of the outstanding shares are directly or indirectly held by Mr. Carlos Slim Helú and

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members of his immediate family. The aforementioned persons will be entitled to appoint the majority of the members on the Board of Directors and determine the result of other shares that require the vote of the shareholders.

The Issuer’s ability to pay dividends will depend on the ability of its Subsidiaries to transfer profits and dividends

The Company is holding company whose most significant assets are shares in the capital stock of its Subsidiaries, cash holdings and cash equivalents. Consequently, the cash flow of the Company will mostly be obtained from dividends, interest and other distributions made by its Subsidiaries. The ability of the Company to pay dividends will depend on the constant transfer of dividends and other revenue from its Subsidiaries. Moreover, in the future, contractual and legal restrictions may exist and become applicable to the Subsidiaries of the Company, which could limit the ability to obtain cash therefrom.

Risks related to the shares

The shares representing the capital stock of the Issuer have not been traded publically and it is possible that active trading is not carried out or maintained in the future.

Since the Issuer was recently incorporated, its shares of capital stock have not been publically traded. Although the shares of capital stock of the Issuer have been registered with the RNV and will trade in the Bolsa, the Company cannot guarantee that an active market will develop with respect to said shares or, if developed, that the same can be maintained in the future. If an active market for the shares is not developed or maintained, the liquidity and trading price of the shares of capital stock of the Company may be adversely affected.

The performance of the price of the shares could be highly volatile

The securities traded in the Bolsa experience, from time to time, considerable fluctuations to their price and volume of operations that may not be related to the operational performance of the issuing companies thereof. The market price of the shares of capital stock of the Issuer may fluctuate considerable in response to many factors many of which are beyond the control of the Issuer, particularly fluctuations in real estate prices; variations to the operating results; changes in the estimates and recommendations of the financial analysts; changes in market value of competitors; announcements by the Issuer with respect to agreements, acquisitions, strategic alliances, joint ventures or significant capital commitments; entries or departures of key personnel, any deficit or net profits, or any increase in losses related to the levels predicted by financial analysts; emissions or future sales of shares, and fluctuations in prices and volume of stock market general. Any of the events may result in a significant reduction in the price of the shares of the Issuer.

Future sales of shares may reduce their market price .

The Company cannot predict whether a substantial amount of the shares of capital stock will be sold in the open market. Any sale of a significant amount of shares on the market or the perception that such sales may occur may result in a material adverse effect in their market price and may cause damage to the capacity of the Company in terms of obtaining funds by selling newly issued shares.

Risk derived from exercising the right to opposition by virtue of the spin-off from Grupo Carso by third parties with legal interest.

According to the terms of Article 228 Bis, section VI of the LGSM, any shareholder or group of shareholders representing at least twenty percent of the capital stock or any creditor that has a legal interest may lawfully object to the spin-off of Grupo Carso. In the event of an objection, neither Grupo Carso nor the Company can guarantee the result of such opposition and if the opposition has merit, neither party may guarantee that an agreement shall be reached with the opposing party.

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Presently, the Issuer does not have securities registered with the RNV; therefore, currently there is no public market for its shares in Mexico or in other countries. The Company has requested (i) the registration of the shares of its capital stock with the RNV of the CNBV, and (ii) their listing in the Bolsa in order for them to be traded under the Ticker Symbol “INCARSO”

ADRs of Grupo Carso are traded in the over-the-counter market. Each ADR of Grupo Carso represents two shares series A-1.

The Issuer will enter into a deposit agreement with The Bank of New York Mellon, as the depository for the issuance of ADRs of the Company, each of which will represent two shares series B-1 corresponding to the capital stock of the Issuer. The ADRs of the Company shall also be listed and traded in the over-the-counter market. The terms and conditions to distribute the ADRs of the Company will be notified at the proper time through the depository according to the procedure established in the corresponding deposit agreement and pursuant to the provisions on the subject of securities in force and effect in the USA.

Once the shares of the capital stock of the Company are listed on the Bolsa, the Issuer will be required to provide the CNBV, Securities Exchange and the investing public the financial, economic, accounting legal and administrative information according to Articles 33, 34, 35 and others that may be applicable of the Issuers’ Regulations with the frequency established in such provisions, including without limitation the notices about press releases, annual and quarterly financial information, annual report, report about the degree of compliance with the Code of Better Business Practices as well as the annual legal information and about the shareholders’ meetings, exercise of rights or significant corporate reorganizations. Additionally, the Company must submit the reports in a complete and timely manner that the applicable foreign legislation may require about significant events and periodical information submitted to the Mexican authorities as a result of the existence of its ADR Program.

This Information Brochure and other information about the Company may be consulted at the Bolsa, either at its offices or on the website: http://www.bmv.com.mx .

At the request of any investor, a copy of the aforementioned documents will be provided, prior written request addressed to Mr. Jorge Serrano Esponda or Mr. Jesús Granillo Rodríguez at the offices located at Paseo de las Palmas 736, Lomas de Chapultepec, Mr. 11000, Mexico City, Federal District, telephone number (55) 5625-4900, extensions 1460 and 1461, respectively, or at the following e-mails: jserranoe@inbursa.com or jgranill@inbursa.com.mx , respectively.

The electronic website of the Company is in development under the domain name http://www.inmueblescarso.com.mx .

The information on the Company contained in its website is not part or the subject matter of this Information Brochure.

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2)        THE ISSUER

The Issuer is a public stock corporation of variable capital duly incorporated and validly existing in accordance with the laws of Mexico, which corporate name is “Inmuebles Carso, S.A.B. de C.V.” and commercially identified as “Inmuebles Carso”.

The Company was incorporated as a result of a spin-off of Grupo Carso, approved by the general extraordinary shareholders’ meeting of said company, held on November 4, 2010, the minutes of which were formalized as evidenced in public instrument number 37,483 dated November 10, 2010; granted before Mr. Héctor Manuel Cárdenas Villarreal, Notary Public 201 of the Federal District, which the first official transcript of which was recorded in the Public Registry of Commerce of the Federal District on November 11, 2010 in commercial file number 33325. Due to its recent incorporation, the Company has not participated in relevant corporate events other than its incorporation which was formalized as evidenced in public instrument number 37,613 dated November 25, 2010, granted before the aforementioned notary public, the first official transcript was recorded in the Public Registry of Commerce of the Federal District on November 30, 2010 in electronic commercial file number 427522-1.

The Company’s headquarters are located in “Plaza Carso” located at Lago Zurich 245, Edificio Carso, 20 ^th floor, Colonia Granada Ampliación, Zip Code 11529, Mexico City, Federal District. The telephone number of the Company is (55) 2122-2600.

The decision to incorporate the Company was taken by the shareholders’ meeting and the directors of Grupo Carso in order to create value for the shareholders of Grupo Carso because, previously, the price of the shares of Grupo Carso did not fully reflect the value of the group’s real estate assets. In light of the foregoing, Grupo Carso considered it necessary to execute a Corporate Reorganization in order to create a new financial group aimed primarily at developing and marketing real estate assets and whose holding company shall be traded on the Securities Exchange.

It is important to state that on December 8, 2010, Grupo Carso disclosed to the investing public that its Board of Directors had authorized an assessment of its real estate assets to define which of these could be transferred to a new company that would be spun-off from Grupo Carso and whose shares would be traded in the Securities Exchange. Thereafter, on August 24, 2010, Grupo Carso disclosed to the public that during the meeting of its Board of Directors held on such date, the progress of such analysis was submitted and the board informed about its intention of executing a Corporate Reorganization. Lastly, Grupo Carso informed about the terms of the Corporate Reorganization through an information statement distributed by the Securities Exchange on October 20, 2010.

Many of the companies that are currently Subsidiaries of the Company, prior to the Corporate Reorganization, were subsidiaries of the Industrial Division and the Commercial Division of Grupo Carso, which assets include real estate properties to be developed as such. As a result of the Corporate Reorganization, these companies, along with their real estate properties, were transferred to Inmuebles Carso. See “ The Issuer – Business Overview – Corporate Structure ”.

The Corporate Reorganization

The Corporate Reorganization of Grupo Carso consisted in taking a series of corporate and contractual actions that implied the spin-off from Grupo Carso and many of its subsidiaries, which final result was the incorporation through the spin off of (i) Inmuebles Carso, the spin-off company directly or indirectly owning, through its Subsidiaries, many real estate properties used as such, previously owned by Grupo Carso and its subsidiaries; and (ii) Minera Frisco, the spin-off company directly or indirectly owning, through its subsidiaries, mining claims with concession that were previously owned by Grupo Carso and its subsidiaries.

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As part of the Corporate Reorganization, the company Grupo Condumex, S.A. de C.V. (currently Inmuebles CDX) spun-off in order to transfer to two new spin-off companies the operating and mining assets of Grupo Condumex, S.A. de C.V. and consolidated in the original company, currently, Inmuebles CDX, the real estate assets. Inmuebles CDX owns sixteen real estate properties as well as directly and indirectly owning all of the shares representing the capital stock of the following real estate subsidiaries: (i) Inmuebles Sercox; (ii) Inmuebles Macote, the spin-off company resulting from the spin-off of Tenedora de Empresas de Materiales de Construcción, S.A. de C.V., and its subsidiaries Inmobiliaria Aluminio and Inmobiliaria Aluder; (iii) Inmuebles Inseo, the spin-off company resulting from the spin-off of Industrias Apaseo, S.A. de C.V., and its subsidiaries Apaseo, Inmuebles Ductin, Inmuebles Elmec and Inelmec; (iv) Inmuebles Meisac; (v) Inmuebles Eclo; (vi) Inmuebles Cisgro; and (vii) Inmuebles Riama, the spin-off company resulting from the spin-off of Minera María, S.A. de C.V.

Additionally, the company Inmuebles Cantabria spun-off as well in order to transfer to two new spin-off companies the operating and mining assets of said company and consolidate in Inmuebles Cantabria, as the spin-off company, the real estate assets thereof. Inmuebles Cantabria owns fourteen real estate properties as well as directly and indirectly owning all of the shares representing the capital stock of each of the following real estate subsidiaries: (i) Promociones Pedregal; (ii) Inmuebles Servicios Mexicanos; and (iii) Club de Golf Cuernavaca.

Similarly, Grupo Sanborns spun-off and as a result created Inmuebles Borgru; however, Grupo Sanborns was not extinguished. As part of the spin-off of Grupo Sanborns, this company transferred to Inmuebles Borgru in bulk a part of its assets, liabilities and capital including title to all of the shares representing the capital stock of the following real estate subsidiaries: (i) Inmuebles SROM (formerly Sears Roebuck de México, S.A. de C.V.); (ii) Dorian’s; (iii) Inmuebles General; (iv) Promotora Sanborns; (v) Centro Histórico; (vi) Inmobiliaria Desarrollo de Proyectos; (vii) Administradora de PCC, which it owned, and (viii) other minority equity in various subsidiaries of the aforementioned companies.

Once the aforementioned spin-off were approved, the General Extraordinary Shareholders’ Meeting of Grupo Carso held on November 4, 2010, subject to compliance with certain terms and conditions, approved the spin-off of Grupo Carso to, without extinguishing the latter, create the Company and Minera Frisco. As a result of compliance of the aforementioned terms and conditions and the subsequent creation by spin-off of the Issuer, Grupo Carso transferred to the latter, title to the shares representing the capital stock of Inmuebles Cantabria, Inmuebles CDX, Inmuebles Borgru and Grupo Calinda that it owned, all of the companies owning real estate and/or holding real estate companies and, in the case of Grupo Calinda, holding real estate companies and operating hotels.

According to the resolutions of the Extraordinary Shareholders’ Meeting of Grupo Carso and based on the pro forma balance sheets of the spin-off Grupo Carso and the Company with figures to June 30, 2010, Grupo Carso transferred by spin-off to the Company and it was created with equity comprised of assets worth 16,310,077,000.00 Pesos (sixteen billion three hundred and ten million seventy seven thousand and 00/100 Pesos) (rounded to the nearest thousand), a net worth for an equivalent amount and a capital stock fully subscribed and paid for of 280,979,488.63 Pesos (two hundred eighty million nine hundred and seventy nine thousand four hundred eighty-eight and 63/100 Pesos).

The figures referred to in the preceding paragraph shall be adjusted to the date on which the spin-off of Grupo Carso becomes effective, in other words on December 31, 2010.

It is important to state that spin-off resolutions of Grupo Carso were recorded in the Public Registry of Commerce of the Federal District on November 11, 2010, under commercial file number 33325 of Grupo Carso and the notices provided for in Article 228 bis of the LGSM were published on November 10, 2010 in the Official Gazette of the Federation and in the following newspapers: El Universal, El Financiero and El Economista.

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The Company is a shareholding, whose direct and indirect Subsidiaries are real estate companies and, in the case of the subsidiaries of Grupo Calinda, real estate companies and hotel operators. As a result of the many spin-offs described above, the Issuer shall own, through its Subsidiaries, 291 real estate properties as well as being the titleholder of trust rights in six trusts which estate is comprised of many real estate properties.

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The following are all Subsidiaries of the Company to this date:

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The section “ The Issuer-Business Overview – Corporate Structure ” includes a table that describes the corporate structure of the Issuer.

The following section “ The Issuer-Business Overview – Main Activity ”, more information is provided with respect to the main activity of the most important Subsidiaries of the Company and the general business strategy followed by those Subsidiaries.

Investments carried out during the previous three fiscal years

The following table shows the main investments carried out by Inmuebles Carso, through its Subsidiaries, Inmuebles Borgru and Grupo Calinda, during the last three fiscal years:

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In addition, on June 2009, the following acquisitions were made by Inmuebles Borgru:

Finally, in September 2010, through 7470 Highway, it acquired a hotel in Kissimmee Orlando, commercially known as Ramada Kissimmee.

One of the main activities in which Grupo Carso has developed since its beginning was the investment and real estate projects, specifically in industrial areas within urban spaces, in order to recycle, restructure and allow commercial, residential, cultural, health, educative, sports and other projects that contribute not only to the environment, but to generate more and better jobs and community services.

Through the spin-off of Grupo Carso, Inmuebles Carso shall continue with the development of real estate assets of high profile and searching new opportunities. Additionally, it shall maintain the current operation of its real estate properties in a productive way, trying to generate cash flow that let the Company consolidate its strategy and accelerate its expansion.

Currently, there are several real estate projects with high economic and social impact:

Plaza Carso and its following stages

Plaza San Luis, a shopping center in the City of San Luis Potosí

Plaza Altabrisa, a shopping center in the City de Villahermosa

Restructure of an old aluminum plant of ALMEXA in the City of Veracruz

Inmuebles Carso shall continue distingushing for its experience, selectivity, innovation and quality in its real estate projects and investments, by its dynamism and their several sources of incomes, which result in a high success and acceptance by its clients, tenants, and authorities, among other participants with the Company.

Participation of the Subsidiaries in the Company’s income.

The Issuer, through its Subsidiaries, is dedicated primarily to acquiring, selling, developing and leasing the real estate properties used as offices, commercial and service establishments (including without limitation department stores), hotels (and their operation), universities, hospitals, touristic developments and residential real estate developments, and country clubs and/or golf clubs.

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The following diagram shows the Subsidiaries that contribute with more than 10% of the income and/or total assets of the Issuer as of June 30, 2010:

Graphic that includes the Subsidiaries that contribute with more than 10% of the Total Assets

The following table shows information related to the contribution that the income has by business and/or client which represents more than 10% of the total income of real estate sector, that in a future shall continue, meanwhile the commercial sector, in which the commercial operations of Dorian’s are included, shall disappear:

The incomes from the leasing of school campuses of the Universidad Tecnológica de México started to be registered as of July 2009 when it which was acquired by the Company.

The incomes from the sale of offices were registered from 2008, and correspond to the “Plaza Carso” complex.

Through its subsidiary real estate companies, the Company participates in the real estate market in Mexico and in the hotel industry, specifically through its Subsidiary Grupo Calinda.

The activities carried out by the main Subsidiaries of Inmuebles Carso are summarized below:

Inmuebles SROM, a Subsidiary of Inmuebles Borgru

Inmuebles SROM originated from the real estate division of Sears Operadora and is responsible for the growth, leasing and administration of several real estate properties that include mainly 25 Sears stores, one Saks Fifth Avenue department store and one distribution center. Likewise, Inmuebles SROM has different interests in the operation of five shopping centers, which are known as Plaza Universidad, Plaza Satélite, Pabellón Polanco, Plaza Insurgentes and Plaza Imagen.

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Plaza Universidad. Opened in 1969 and was the first shopping center in Mexico. In 2005, Plaza Universidad completed the total renovation of the building as well as improvements to its entertainment facilities. Currently, Plaza Universidad has 85 stores and, as a result of the aforementioned remodeling, its average level of occupancy is 100%. Inmuebles SROM owns 59% of the shares of Plaza Universidad and the remainder is owned by private investors.

Plaza Satélite. Was inaugurated in 1971 and is the most important shopping center located in the northeastern section of Mexico City. This shopping center targets middle and upper middle class consumers; and its clientele are mostly young people. Plaza Satélite is one of the largest shopping centers in Mexico with over 250 stores and approximately 5,700 parking spaces. Inmuebles SROM owns an equity interest of 46.87% in Plaza Satélite and additionally, a group of private investors have 46.875% co-invested therein while El Puerto de Liverpool, S.A.B. de C.V. owns the remaining 6.25%.

Pabellón Polanco . Opened in 1990 and is located in the Polanco area of Mexico City. This shopping center targets upper and upper middle class consumers. It is wholly owned by Inmuebles SROM and has 123 stores with 100% occupancy level. Pabellón Polanco also has entertainment facilities including “Cinemex” movie theaters. Pabellón Polanco enjoys the benefits of significant pedestrian flow every day from the office complexes located in the area.

Plaza Insurgentes. Was inaugurated in April 1999 and is wholly owned by Inmuebles SROM. It is located in the center-southern section of Mexico City and was constructed as a result of the remodeling of the Sears store, branch Insurgentes, which was the first Sears store in Mexico.

Plaza Imagen . With an equity interest of 83.4%, this shopping center opened in 1991. It is located in the residential zone of Colonia Campestre, in the city of Gómez Palacio, Durango, which forms part of the Comarca Lagunera zone. It has 116 stores and a Sears store as the anchor, which offer goods and services to middle and upper middle class persons. Presently, this shopping center also leases spaces to the Universidad Interamericana para el Desarrollo, which provides technical education to 300 students.

Dorian’s

Dorian’s manages several real estate properties, which includes Sears department stores and Dax store, an office building as well as two plots of land that include a land for urban development in the Polanco area of Mexico City.

Inmuebles General

The real estate division of Grupo Carso, prior to the Corporate Reorganization, was consolidated with the development “Plaza Carso”, a project that recycled and converted industrial space of Polanco area in Mexico City in order to start the most important property state project in Latin America, with an investment of more than 800 million dollars, a surface area of 78,000 square meters and 860,000 square meters of construction, between a development with offices, housing, commerce, services, accommodations, entertainment, culture and green areas. The two stage development shall have the following:

Corporate Center : Consisting of three towers with 18, 19 and 22 floors, respectively, with a total of 150,000 square meters. The office tower “Presa Falcón” located between the streets of Miguel de Cervantes and Presa Falcón, behind the Soumaya Museum has 22 floors, 3 floors corresponding to the shopping center and 19 floors of offices, totaling 3,240 square meters per floor. The office tower “Zurich 245” located in the street of Lago Zurich, behind the office building of América Móvil has 19 floors, 2 floors corresponding to the shopping center and 17 floors of offices, totaling 2,100 square meters per floor. Lastly, the office building of América Móvil located between the streets of Miguel de Cervantes and Lago Zurich has 18 floors, 3 floors corresponding to the shopping center and 15 floors of offices, totaling 3, 240 square meters per floor, which will be fully used by AMX.

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Residential Area : Consisting of three towers with 22 floors and another with 17 floors (with a surface of 94,176 square meters) and 628 apartments.

Shopping Center : Shall target the upper class market. It has a surface are of 46,818 square meters distributed on three floors with an innovative design that includes: the second Saks Fifth Avenue department store, which is internationally known for its designer collections that dictate style trends, fashion and elegance, as well as over 200 other brands. Additionally, the shopping center has famous boutiques, a wide selection of recognized and innovative restaurants, movie theaters, “VIP” movie theaters, coffee shops, gymnasium, entertainment centers for kids and teens, banks, boutiques, América Móvil’s “Show Room” and a Sanborns store that shall be distinguished by its new concept and image. Because of its privileged location, this shopping center offers comfortable spaces and modern facilities that ensure lessees a constant flow of visitors and potential shoppers. Another advantage is that it shall naturally be in demand because of its cultural program, corporate spaces, housing and touristic flow from the hotel that shall be located within the project.

Cultural Complex : Consisting of the Soumaya Museum with a surface area of 15,858 square meters, the Jumex Museum with a surface area of 2,500 square meters and the Cervantes Theater with a capacity for 1,500 spectators.

Parking : Consists of 279,000 square meters and a capacity for 9,000 parking spaces distributed in 5 and 6 underground levels. Presently, it is the largest parking lot in Mexico.

Hotel : The complex shall include a five star hotel with 126 rooms and 38 luxury suites, which shall have a spa, business center and gourmet restaurants.

Housing shall be developed during the second stage of “Plaza Carso”, which shall consist of a building with 188 apartments distributed in 17 floors as well as the hotel and the Jumex Museum that are expected to be concluded by 2012.

The magnitude of this architectural work is reflected not only in the quantity and variety of the materials, but in their quality and efficient management.

Inmobiliaria Desarrollo de Proyectos

Inmobiliaria Desarrollo de Proyectos is a subholding of a group of companies, whose primary businesses include real estate leasing as well as the acquisition and transfer of any title and/or property.

This company owns 19 school campuses that are leased long term to four different operators: Universidad Tecnológica de México, Grupo Sol, Colegio Hispano Mexicano de Querétaro and Universidad del Tercer Milenio.

With respect to health services, Inmobiliaria Desarrollo de Proyectos owns 6 hospitals in operation and 5 hospitals in construction, which are going to be operated by Grupo Star Médica, one of the fastest growing hospital groups in Mexico that provides services to a large number of clients who are middle to lower middle class. According to their business partnership, Grupo Star Médica operates and manages several hospitals and, in turn, Inmobiliaria Desarrollo de Proyectos develops and leases the real estate properties where these hospitals are located. As of September 30, 2010, six hospitals are operating in the state of San Luis Potosi, the State of Mexico and the Federal District and five are under construction in the cities of Chihuahua, Querétaro, Mexico State, Veracruz, Leon and Tijuana. Inmobiliaria Desarrollo de Proyectos also has several land for urban developments as well as a shopping center located in the project “Ciudad Jardín Bicentenario” in Cd. Netzahualcoyotl, State of Mexico, which was developed in two lots over 250 hectares and

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includes the closure and cleanup of Neza I landfills. In one of the lots of sixty hectares, a sports center was constructed with a gymnasium, a bicycle path as well as sixty sports fields, making it the largest sports center in the metropolitan area. The second lot was constructed on a mixed private property complex where a shopping center is located that initiated operations at the end of 2008 as well as a technological institute of higher education, a specialized hospital, doctors’ offices, community center and an entertainment area. The benefits of this project include the elimination of a source of pollutant, urban gentrification, job creation and training, improvement of the environment due to the recovery, the availability of services that were previously unavailable, increasing safety and wastewater treatment.

Promotora Sanborns

The main activity of this company is real estate property leasing, specifically, to subsidiaries of Grupo Sanborns for the operation of Sanborns’ stores, among other stores. Likewise, Promotora Sanborns acts as a subholding of other subsidiaries and that operate in the real estate business and whose revenue is generated from the leasing of shopping centers and real estate properties to operate stores in general. Presently, Promotora Sanborns owns real estate properties where twenty five Sanborns stores, eleven Sanborns Cafés, twelve Sears stores, nine Dax stores, the Hotel Veracruz Centro Histórico are operating, two office buildings leased to Sears and Grupo Sanborns and, among other real estate properties, it has residential houses, shops and many land for urban developments. Furthermore, Promotora Sanborns participates in the operation of the following shopping centers:

Plaza Altabrisa. Is located in the northeastern section of the City of Mérida, State of Yucatán on Av. Correa Rancho in an area that provides commerce and services known as Polígono Altabrisa. Presently, the area is undergoing an important development with respect to its urban infrastructure to the extent that it has been consolidated as an Urban Sub-center with services that include specialized clinics, office buildings, commercial and recreational areas, etc. The area where the commercial center is located has middle, upper middle and high class population and it shall have a sphere of influence over vast and important neighborhoods of this section of the City; in addition to all of the developments under construction on the other side of the highway in the northeastern section of the City. Promotora Sanborns owns 57.47% of this shopping center and has a leasing area of 48,695 square meters that includes one Sears store, Sanborns, cinemas and other establishments.

Forum Coatzacolcos. Promotora Sanborns owns 50% of this shopping center, which is located in the City of Coatzacoalcos, State of Veracruz. “The Key to the Southeast” was the nickname given because of its privileged location as well as its proximity to various tourist attractions and it must be passed through when travelling to the states of the Yucatán peninsula. Forum Coatzacoalcos was planned to provide a shopping and entertainment center to the cities of Minatitlán y Coatzacoalcos. This commercial complex represents more than 800,000 inhabitants within a radius distance of not more than forty minutes by car. The complex was developed jointly with Grupo GICSA, S.A. de C.V. and is one of the most modern within the State of Veracruz. Forum Coatzacoalcos is located in the zone with the greatest upper middle class residential expansion in Coatzacoalcos in front of the new convention center and the auditorium of the City. It has 32,454 square meters of rentable space and 148 stores.

Additionally, a shopping center is under construction in the City of San Luis Potosí, State of San Luis Potosí and another in the City of Villahermosa, State of Tabasco, which shall open its doors during the second half of 2011.

Grupo Calinda

Through Grupo Calinda, the Company operates and administrates real estate properties owned by it as well as by third parties, whose objective is to provide hotel services under the trademark Ostar Grupo Hotelero, including the following hotels: (i) Hotel Geneve Ciudad de México; (ii) Hotel Veracruz Centro Histórico; (iii) Hotel Francia Aguascalientes, (iv) Hotel Racquet Cuernavaca; (v) Hotel Calinda Beach Acapulco; and (vi) Hotel Ramada Orlando Kissimmee.

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Furthermore, those hotels provide service of food and drinks, through its different restaurant cost centers.

Cyclical and Seasonal Behavior of the Key Business

The real estate division is cyclical. The fourth quarter is the best because of the end of the year season. The determination of the rent charged to its principle clients: companies that operate Grupo Sanborns, the department stores Sears, Saks Fifth Avenue, Sanborns stores, Sanborns Café, as well as the establishments located within the shopping centers shall be calculated in terms of the percentage of sales of the stores, since a portion of the revenue of the consumer applied to the acquisition of the goods and services are increased during this period.

The hotel industry is favored by the business segment during the months of February, March, May, September, October and November; while the entertainment sector increases its revenue during the Holy Week, summer, end of the year, carnivals and weekends.

Inmuebles Carso, through its Subsidiaries, principally through Inmuebles Borgru, directly markets the sale of residential apartments, offices, doctors’ offices, and leases stores, school campuses, offices and hospitals.

Within the real estate properties managed by the Company, through its Subsidiaries, exists 176 real estate properties and six trust funds that include thirty eight Sears stores, one Saks Fifth Avenue department store, twenty five Sanborns stores, eleven Sanborns Cafés, ten Dax stores and one distribution center. Additionally, has equity participation in eight shopping centers, three office buildings, twenty nine land for urban developments, five houses, three warehouses, one hotel, nineteen school campuses, six operating hospitals, thirteen other real estate properties and as of the date hereof, five hospitals, two shopping centers, as well as the corporate, cultural, commercial and residential complex known as “Plaza Carso” are under construction.

Additionally, according to the agreement reached with UNITEC, two long-term leasing agreements have been executed for six university campuses and another three operators are under the same program.

With respect to the hospital division, this Company owns six operating hospitals and five hospitals under construction, which are or will be managed by Grupo Star Médica. According to these negotiating terms, the Company, through its subsidiary Inmobiliaria Desarrollo de Proyectos, build, equip, develop and lease the real estate properties in which the hospitals are located and Grupo Star Médica operates and manages those. It is important to state that the doctors’ offices are sold or leased for long terms to doctors.

Regarding the hotel division operated by Grupo Calinda, accommodation services are offered through the following channels: (i) printed material such as periodical publications like magazines and newspapers, brochures or pamphlets as well as billboards; (ii) electronic means such as the internet through websites dedicated to promoting hotel services, including the reservation portal Sybelio, global distributors such as Synxis, different online and e-commerce agencies; campaigns also include radio and billboards; (iii) intermediaries, including domestic and foreign travel agencies, whether wholesalers or retailers, operators and business consortiums; and (iv) “Business to Business”, through corporate accounts carried out as “Coupon Sales” among the different companies owned by Grupo Carso, airlines, reservation call centers and directly with the customer.

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The Issuer is the titleholder of several trademarks that identify certain real estate properties and projects as well as the hotels of Grupo Calinda. Listed below are the major trademarks and advertising slogans of the Company and its Subsidiaries:

Trademarks

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All of the trademarks mentioned in the table above continue to be valid. The Company, directly or through its Subsidiaries has submitted on time and properly before the Mexican Institute of Intellectual Property, the corresponding renewal applications in the cases in which the records show that these shall expire soon.

All the trademarks and commercial slogans mentioned above and those that are developed by the Company or its Subsidiaries in the future,are important, in the understanding that they constitute the distinctive sign of the services provided by the group, being of high importance the identification by the clients with quality services within the real-state property market, or hotel services referring to Grupo Calinda and its subsidiaries, which are highly competitive.

Other Agreements

The Company, through its Subsidiaries, has executed many lease agreements to rent its real estate properties to third parties that can be or not related parties. In general, said lease agreements are valid for two or three years and the lessee undertakes the payment obligation of a monthly rent plus a fee to cover utility charges, expenses of common areas, cleaning and other maintenance costs and a deposit equivalent to two and sometimes three months rent to pay for any damage caused to the leased property. The property tax is paid by the lessor. Additionally, in the case of leasing a shopping center, the lessees shall pay a fee in advance for access to the shopping center, which varies from contract to contract. If the lessee vacates the store, the latter may recover a portion of said fee with a charge to the new lessee.

The Company’s policy with respect to commercial lease has focused on contracting the longest terms permitted by the applicable legislation.

Relevant agreements executed by the Company for the last three fiscal years, do not exist, different from those related to the regular business activities.

As indicated previously (see “ General Information – Risk Factors ”), as of the date hereof, the principle clients of the Issuer are various Subsidiaries of Grupo Carso, such as Grupo Sanborns, which through its operating Subsidiaries of the Sears stores, Sanborns stores and Sanborns Café represent more than 10% of the total revenue of the Issuer, as well as other clients such as UNITEC with whom it reached a leasing agreement for 9 university campuses.

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With respect to Grupo Calinda, its customers does not include any representing 10% or more of the total individualized sales per property; however, this segment that represents 10% of the revenue from the total sales of the properties or the corporate accounts.

The Company is subject to compliance of the laws, regulations and provisions applicable to any variable capital business corporation, such as the LMV, Issuers’ Regulations, LGSM, Commerce Code and the corresponding tax provisions.

Additionally, the following are the main constitutional provisions, laws, regulations and administrative provisions governing the activities carried out by Subsidiaries of the Issuer: