AUTHORIZATION


According to the bill "Ley para Regular las Instituciones de Tecnología Financiera" signed into law by the President of Mexico and published on the "Diario Oficial de la Federación" on march 9th 2018, ISBIT S.A. de C.V. will comply with the solicitation of the authorization to operate as a "Institución de Tecnología Financiera" (Fintech Institution) in the conditions that this law will publish within its secondary terms.

The authorization will be granted by the Comisión Nacional Bancaria y de Valores and Banco de México. ISBIT S.A. de C.V. is executing activities regulated in this law, until the authorization is not granted, such activities will not be supervised by the competent mexican authorities.

We estimate to obtain the authorization under the times described in the law.
http://www.dof.gob.mx/nota_detalle.php?codigo=5515623&fecha=09/03/2018