Grupo Financiero Santander Mexico Announces That Its Parent Company, Banco Santander, S.A., Has Reached An Agreement To Grow Its

  Grupo Financiero Santander Mexico Announces That Its Parent Company, Banco
    Santander, S.A., Has Reached An Agreement To Grow Its Asset Management
                                   Division

PR Newswire

MEXICO CITY, May 30, 2013

MEXICO CITY, May 30, 2013 /PRNewswire/ -- Grupo Financiero Santander Mexico,
S.A.B. de C.V. (BMV: SANMEX; NYSE: BSMX) ("Santander Mexico") announced today
that its parent company, Banco Santander, S.A. ("Santander"), has reached an
agreement with Warburg Pincus and General Atlantic to strengthen its asset
management division. Under this agreement, which is still subject to certain
regulatory approvals, Warburg Pincus and General Atlantic will jointly acquire
a 50% equity stake in an asset management holding companythat will integrate
eleven asset management division companies, primarily in Europe and Latin
America. The remaining 50% will be indirectly held by our parent company.

As previously disclosed in our annual report, this transaction would result in
the divestiture of Gestion Santander, S.A. de C.V., Sociedad Operadora de
Sociedades de Inversion ("Gestion Santander") and therefore Gestion Santander
will no longer be part of Santander Mexico. However, we expect to enter into
exclusive, long-term distribution agreements so that Banco Santander (Mexico)
S.A., Santander Mexico as well as Casa de Bolsa Santander, S.A. de C.V, Grupo
Financiero Santander Mexico, can continue to offer mutual funds managed by
Gestion Santander following the divestiture.

As was reaffirmed in the Board meeting that took place on February 14^th,
2013, such transaction is authorized to occur only at or above a price
determined by a third party to be fair and upon satisfaction of certain other
standard market conditions, as well as any required government and third
party approvals.

As of March 31, 2013, Gestion Santander managed approximately 180 billion
pesos. This transaction would value Gestion Santander at approximately 195
million euros (~3,250 million pesos) and we estimate a net capital gain for
Santander Mexico of 1,900 million pesos.

About Grupo Financiero Santander Mexico
Grupo Financiero Santander Mexico, S.A.B. de C.V. (Santander Mexico), one of
Mexico's leading financial services holding companies, provides a wide range
of financial and related services, including retail and commercial banking,
securities brokerage, financial advisory and other related investment
activities. Santander Mexico offers a multichannel financial services platform
focused on mid- to high-income individuals and small- to medium-sized
enterprises, while also providing integrated financial services to larger
multinational companies in Mexico. As of March 31, 2013, Santander Mexico had
total assets of Ps.856.8 billion under Mexican GAAP and more than 10.0 million
customers. Headquartered in Mexico City, the Company operates 967 branches and
226 offices nationwide and has a total of 13,498 employees.

SOURCE Grupo Financiero Santander Mexico, S.A.B. de C.V.

Contact: Investor Relations, Gerardo Freire, + (5255) 52691827,
investor@santander.com.mx