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 “América Móvil announces a proposal for a dividend payment and the amount to repurchase shares”

Mexico City, Mexico, March 17, 2015. América Móvil, S.A.B. de C.V. ("América Móvil") [BMV: AMX] [NYSE: AMX], announced that in today’s meeting, its Board of Directors decided to submit to the Annual Ordinary General Shareholders’ Meeting to be held on or before April 30, a proposal to:

Ordinary Dividend

A proposal to pay a cash dividend from the profit tax account (cuenta de utilidad fiscal), of MXP$0.26 (Twenty six peso cents), payable in two installments, to each of the shares of its capital stock series “AA”, “A" and "L" (which includes the preferred dividend correspondent to the series “L” shares), subject to adjustments arising from other corporate events (including repurchase or placement of its own shares), that may vary the number of shares outstanding as of the date of said dividend payment;

Extraordinary Dividend

A proposal to pay a cash dividend from the profit tax account (cuenta de utilidad fiscal), of MXP$0.30 (Thirty peso cents), payable in one installment during September 2015, to each of the shares of its capital stock series “AA”, “A" and "L", subject to adjustments arising from other corporate events (including repurchase or placement of its own shares), that may vary the number of shares outstanding as of the date of said dividend payment; and

Increase on the Buyback Program Amount

A proposal to allocate the amount of MXP$35,000,000,000.00 (Thirty five billion pesos), to repurchase shares from April 2015 to April 2016.

This press release contains certain forward-looking statements that reflect the current views and/or expectations of AMX and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. AMX is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.