SEPTEMBER 2006

GRUPO TMM ANNOUNCES CLOSING OF $200 MILLION SECURITIZATION FACILITY WITH DEUTSCHE BANK AND REDEMPTION OF ALL OUTSTANDING 2007 NOTES
 

(Mexico City, September 25, 2006) – Grupo TMM, S.A. (NYSE: TMM and BMV: TMM A; “TMM” or the “Company”), a Mexican multimodal transportation and logistics company, announced today the closing of a $200 million securitization facility with Deutsche Bank AG, London (the “Transaction”). Under the terms of the Transaction, the Company will make equal monthly payments of principal and interest of approximately $3.2 million from October 2006 to September 2010, a balloon payment of $40 million in October 2010 and equal monthly payments of principal and interest of approximately $4.2 million from October 2010 to the final maturity in September 25, 2012.

Using part of the proceeds from the Transaction, on September 25, 2006, the Company redeemed the total outstanding principal amount of $155,820,539 million and accrued interest of its Senior Secured Notes due 2007 (“the 2007 Notes”). The remainder of the net proceeds from the Transaction will be used in the implementation of the Company’s business plan including the purchase of vessels and other transportation assets.

Deutsche Bank AG, London, acted as structuring agent of this facility, and provided the funding for the Transaction. The Bank of New York is the trustee for the certificates issued under this facility. Axis Capital Management acted as financial advisor to the Company.

Javier Segovia, president of Grupo TMM said, “We are pleased that the Company was successful in extending its debt maturity while at the same time adding financial flexibility to implement its business strategy going forward.”

Headquartered in Mexico City, TMM is a Mexican multimodal transportation Company. Through its branch offices and network of subsidiary companies, TMM provides a dynamic combination of ocean and land transportation services. Visit TMM’s web site at www.grupotmm.com. The site offers Spanish/English language options.
 
   
 
Included in this press release are certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements speak only as of the date they are made and are based on the beliefs of the Company's management as well as on assumptions made. Actual results could differ materially from those included in such forward-looking statements. Readers are cautioned that all forward-looking statements involve risks and uncertainty. The following factors could cause actual results to differ materially from such forward-looking statements: global, US and Mexican economic and social conditions; the effect of the North American Free Trade Agreement on the level of US-Mexico trade; the condition of the world shipping market; the success of the Company's investment in new businesses; risks associated with the Company's reorganization and restructuring; the ability of the Company to reduce corporate overhead costs; the ability of management to manage growth and successfully compete in new businesses; and the ability of the Company to restructure or refinance its indebtedness. These risk factors and additional information are included in the Company's reports on Form 6-K and 20-F on file with the United States Securities and Exchange Commission.