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“América Móvil announces dividend payment, change to its buyback
program and ratification of its Board of Directors”

Mexico City, April 5, 2017. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX] [NYSE: AMX | AMOV] [LATIBEX: XAMXL], announces that its shareholders approved, among other matters:

Dividend

The payment of a dividend of MXP$0.30 (Thirty peso cents) per share, payable (i) in cash; (ii) series “L” shares of AMX; or (iii) a combination thereof, according to the election of each shareholder. The dividend will be payable in two installments of MXP$0.15 (Fifteen peso cents), to each of the shares of its capital stock series “AA”, “A" and "L" (and includes the preferred dividend correspondent to the series “L” shares). AMX will make public an information statement describing the terms and conditions for this dividend.

Buyback Program

The allocation of an amount equal to MXP$3,000,000,000.00 (Three billion pesos) as its buyback program for the April 2017 – April 2018 period.

Board of Directors

To ratify the current members of AMX’s Board of Directors, Executive and Audit and Corporate Practices Committees, Corporate Secretary and Corporate Pro-Secretary, as set forth below:

Board of Directors:

Carlos Slim Domit (Chairman)
Patrick Slim Domit (Vice Chairman)
Carlos Bremer Gutiérrez
Louis C. Camilleri
Antonio Cosío Pando
Arturo Elías Ayub
Pablo Roberto González Guajardo
Daniel Hajj Aboumrad
David Ibarra Muñoz Rafael
Moisés Kalach Mizrahi
Juan Antonio Pérez Simón
María José Pérez Simón Carrera (Alternate Director)
Carlos Slim Helú
Luis Alejandro Soberón Kuri

Ernesto Vega Velasco
Oscar Von Hauske Solís

Alejandro Cantú Jiménez (Corporate Secretary)
Rafael Robles Miaja (Corporate Pro-Secretary)

Executive Committee:

Carlos Slim Domit (Chairman)
Daniel Hajj Aboumrad
Patrick Slim Domit

Audit and Corporate Practices Committee:

Ernesto Vega Velasco (Chairman)
Carlos Bremer Gutiérrez
Pablo Roberto González Guajardo
Rafael Moisés Kalach Mizrahi

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.