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“América Móvil announces a proposal for a
dividend payment and repurchase of shares”

Mexico City, February 9, 2016. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced that in today’s meeting, its Board of Directors decided to submit to the Annual Ordinary General Shareholders’ Meeting to be held on or before April 30, a proposal to:

Dividend

A proposal to pay a cash dividend from the profit tax account (cuenta de utilidad fiscal), of MXP$0.28 (Twenty eight peso cents), payable in two installments, to each of the shares of its capital stock series “AA”, “A" and "L" (which includes the preferred dividend correspondent to the series “L” shares), subject to adjustments arising from other corporate events (including repurchase or placement of its own shares), that may vary the number of shares outstanding as of the date of said dividend payment; and

Buyback Program

A proposal to allocate the amount of MXP$12,000,000,000.00 (Twelve billion pesos), to its 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.