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WALMART DE MÉXICO Y CENTROAMÉRICA STATEMENT IN RESPONSE TO RECENT NEW YORK TIMES ARTICLE ABOUT COMPLIANCE WITH THE U.S. FOREIGN CORRUPT PRACTICES ACT

FREE TRANSLATION, NOT TO THE LETTER

Mexico City, April 23rd, 2012

Wal-Mart de México, S.A.B. de C.V. (WALMEX) announces to its shareholders as well as to the public in general, in addition to the comments made at our corporate website, the following:

Walmart de México y Centroamérica (Walmex) is fully committed to complying with the laws of the countries where it operates, including any state or municipal regulations pertaining to the application for licenses and permits.

The allegations in the recent New York Times article, if true, do not accurately reflect Walmart de México y Centroamérica´s culture.

Last year, Wal-Mart Stores, Inc. undertook a review of anti-corruption practices in all countries in which it operates. Thereafter, Wal-Mart Stores, Inc. initiated an independent investigation into the allegations described in the article, many of which are more than six years old. Walmart de México y Centroamérica is cooperating with this investigation. Unfortunately, we realize that, at this point, there are some unanswered questions. We wish we could say more but we will not jeopardize the integrity of the investigation.

Walmart de México y Centroamérica expects all of our associates to comply with corporate anti-corruption policies and laws and uphold the highest standards of conduct.

We cannot reasonably estimate the potential liability, if any, related to these matters. However, based on the facts currently known, we do not believe that these matters will have an adverse effect on our business, financial condition, results of operations or cash flows.

Over the years the company has strived to provide adequate training and direction to its associates to foster ethically consistent conduct throughout the organization. Further, we have taken a number of actions to establish stronger anti-corruption compliance. We enhanced compliance measures including, robust policies and procedures, internal controls, training, and auditing procedures, and we have issue escalation and remediation protocols. In addition, the company is continually engaged in reviewing and improving compliance with its corporate policies.

We will continue to be committed improving the quality of life for families in Mexico and Central America and the communities in which we operate.

 

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Walmart de México y Centroamérica
Contribuimos a mejorar la calidad de vida de las familias en México y Centroamérica


Walmart de México y Centroamérica es una empresa dedicada al sector comercio que tiene como visión contribuir a mejorar la calidad de vida de las familias en México y Centroamérica. Opera en seis países: Costa Rica, El Salvador, Guatemala, Honduras, México y Nicaragua. Cuenta con una amplia variedad de formatos, que incluye tiendas de descuento (Bodega Aurrera Express, Despensas Familiares y Pali), supermercados (Superama, Paiz, Despensa de Don Juan, La Unión y Mas x Menos), bodegas (Bodega Aurrera, Mi Bodega Aurrera y Maxi Bodega), hipermercados (Walmart, Hiper Paiz e Hipermás), clubes de precios con membresías (Sam´s Club y ClubCo), tiendas de ropa (Suburbia) y restaurantes (Vips, El Portón y Ragazzi), que al 09 de enero suman 2,709 unidades. En 2011, Walmart de México y Centroamérica reportó ventas superiores a 379,021 mdp. http://www.walmartmexico.com.mx. Búscanos en Facebook (Walmart de México y Centroamérica) y Twitter (@WalmartdeMéxico).
 

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