JANUARY 2006

GRUPO TMM ANNOUNCES THE RESULTS OF THE CASH TENDER OFFER TO PURCHASE UP TO $331,018,794 PRINCIPAL AMOUNT OF OUTSTANDING SENIOR SECURED NOTES DUE 2007
 

(Mexico City, January 17, 2006) – Grupo TMM, S.A. (NYSE: TMM and BMV: TMM A; “TMM”), a Mexican multi-modal transportation and logistics company, today announced that the cash tender offer to purchase up to $331,018,794 aggregate principal amount of its outstanding Senior Secured Notes due 2007 expired at 12:00 midnight, New York City time, on Friday, January 13, 2006. An aggregate of $428,194,642 principal amount of outstanding 2007 notes were tendered in the Offer. The Company accepted all properly tendered notes on a pro rata basis, which will reduce the outstanding principal amount of 2007 notes to $156,958,040. As a result of the tender offer and pursuant to the terms of the 2007 Notes Indenture, the interest rate of the 2007 Notes outstanding after the offer will be reduced by 1% commencing February 1, 2006 such that if the Company elects to pay interest in cash the Notes will bear interest at 9 ½% per annum.

The Bank of New York acted as the paying agent for the offer. Requests for assistance or documentation should be directed to the paying agent at The Bank of New York, Corporate Trust Operations Reorganization Unit, 101 Barclay Street, Floor 7 East, New York, New York 10286, Attention: Mr. William Buckley, Telephone: (212) 815-5788. Beneficial owners of the Notes may also contact their brokers, dealers, commercial banks, trust companies or other nominee through which they hold the Notes with questions and requests for assistance.

Headquartered in Mexico City, TMM is a Latin American 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 KCS; and other new businesses; risks associated with the Company's reorganization and restructuring; the timing of the receipt of any amounts in respect of TFM's pending claim for a refund of certain value added taxes; 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.