MEXARREND SUCCESSFULLY COMPLETES $10 MILLION-DOLLAR CAPITAL INCREASE AGREED BY SHAREHOLDERS

Mexico City, April 13^th, 2021 – Mexarrend, a leading financial company in the Mexican market, announces that its shareholders have successfully completed the subscription of the $10 million-dollar capital increase on its variable part agreed in the shareholders’ resolutions of December 30^th, 2020. The increase occurred on March 30^th, 2021 and will be reflected in the financial statements for the first quarter of the year.

This decision reaffirms Mexarrend’s strategy to grow its portfolio and strengthen its balance sheet.

Mexarrend’s CEO, Alejandro Monzó, commented: “The capital increase reaffirms our shareholders’ confidence in our business model and our commitment to the Mexican SMEs. We are confident in the recovery of the economy and the innovation of Mexican entrepreneurs. We expect to see a greater demand for Mexarrend’s alternative financing solutions during 2021.”