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"Shareholders’ meeting approves payment of a cash dividend and increase of AMX’s buyback program”

Mexico City, April 18, 2016. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today that its shareholders approved the payment of a cash dividend of MXP$0.28 (Twenty eight peso cents), to each of the shares of series “A”, “AA" and "L" payable in two equal installments of MXP$0.14 (Fourteen peso cents), on July 15 and November 11, 2016. In addition, the shareholders resolved to allocate the amount of MXP$12,000,000,000.00 (Twelve billion pesos), to increase the available funds of AMX’s buyback program.

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.