AUGUST 2006

GRUPO TMM ANNOUNCES THAT IT HAS ENTERED INTO A $200 MILLION SECURITIZATION AGREEMENT WITH DEUTSCHE BANK, AND HAS OBTAINED THE CORRESPONDING SHAREHOLDER APPROVAL
 

(Mexico City, August 21, 2006) – Grupo TMM, S.A. (NYSE: TMM and BMV: TMM A; “TMM” or the “Company”), a Mexican multimodal transportation and logistics company, announced today that the Company and certain of its subsidiaries have entered into an agreement for the securitization of $200 million with Deutsche Bank AG, London (the “Transaction”). The Transaction was approved at the Company’s Shareholders Meeting held on Friday, August 18, 2006 and is subject to customary closing conditions, including, but not limited to, no material adverse changes in market conditions or the financial situation of the Company.

Once the closing conditions are met, the Company will use the proceeds from the Transaction to refinance existing indebtedness, and for capital investments in future projects.

Deutsche Bank AG, London, who acted as structuring agent of this facility, will provide funding for the Transaction. The Bank of New York will be the trustee for the certificates issued under this facility.

Javier Segovia, president of Grupo TMM said, “This Transaction not only extends our debt maturity, eliminating any refinancing risk in 2007, but it also gives the Company added financial flexibility and provides us with the resources to implement our business strategy”.

The foregoing is announced as a matter of record only, and does not constitute an offer to sell securities or the solicitation of an offer to buy securities.

Headquartered in Mexico City, TMM is a Mexican multimodal transportation Company. Through its branch offices and network of subsidiary companies, TMM provides a dynamic combination of ocean and land transportation services. Visit TMM’s web site at www.grupotmm.com. The site offers Spanish/English language options.
 
   
 
Included in this press release are certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements speak only as of the date they are made and are based on the beliefs of the Company's management as well as on assumptions made. Actual results could differ materially from those included in such forward-looking statements. Readers are cautioned that all forward-looking statements involve risks and uncertainty. The following factors could cause actual results to differ materially from such forward-looking statements: global, US and Mexican economic and social conditions; the effect of the North American Free Trade Agreement on the level of US-Mexico trade; the condition of the world shipping market; the success of the Company's investment in new businesses; risks associated with the Company's reorganization and restructuring; the ability of the Company to reduce corporate overhead costs; the ability of management to manage growth and successfully compete in new businesses; and the ability of the Company to restructure or refinance its indebtedness. These risk factors and additional information are included in the Company's reports on Form 6-K and 20-F on file with the United States Securities and Exchange Commission.