October 20, 2014 5:50 AM ET

Paper and Forest Products

Company Overview of Grupo Papelero Scribe, S.A. de C.V.

Company Overview

Grupo Papelero Scribe, S.A. de C.V. manufactures paper products for the Mexican market. It offers educational material and notebooks. Grupo Papelero Scribe, S.A. de C.V. was formerly known as Papeles Industriales de Michoacán, S.A. de C.V. The company was founded in 2006 and is based in Mexico City, Mexico. Grupo Papelero Scribe, S.A. de C.V. operates as a subsidiary of Corporación Scribe, S.A.P.I. de C.V.

José Luis Lagrange 103

Polanco

Miguel Hidalgo

Mexico City, DF 11510

Mexico

Founded in 2006

Phone:

52 55 5282 7400

Key Executives for Grupo Papelero Scribe, S.A. de C.V.

Chief Executive Officer
Compensation as of Fiscal Year 2014.

Grupo Papelero Scribe, S.A. de C.V. Key Developments

Grupo Papelero Scribe, S.A. De C.V. Announces Commencement of Consent Solicitation

Grupo Papelero Scribe, S.A. de C.V. announced that it has commenced a solicitation of consents upon the terms and subject to the conditions set in a Consent Solicitation Statement (as it may be amended or supplemented from time to time, the "Statement") and the accompanying Form of Consent, each dated as of September 12, 2014, to the Proposed Amendment to the Indenture, dated as of April 7, 2010, by and among the Company, GPS Trading, S.A. de C.V. and Silvicultora Saraya, S.A. de C.V. as subsidiary guarantors (the "Subsidiary Guarantors"), Deutsche Bank Trust Company Americas, as trustee (the "Trustee"), and Deutsche Bank Luxembourg S.A., as Luxembourg paying agent, governing its 8.875% Senior Guaranteed Notes due 2020. The Proposed Amendment would amend the Indenture in connection with the consummation of the transactions contemplated by the Contrato de Compraventa de Acciones (Stock Purchase Agreement), dated as of August 21, 2014 (as amended from time to time, the "Purchase Agreement"), by and among the Company, Deutsche Bank Mexico, S.A. Institucion de Banca Multiple, Division Fiduciaria, as trustee of Administrative Trust No. F/442, dated as of September 5, 2006 (the "Seller"), Grupo Bio Pappel, S.A. de C.V. (the "Buyer"), and corporation Scribe, S.A.P.I. de C.V. (the "Corporation"), pursuant to which the Seller will sell and transfer to the Buyer, and the Buyer will acquire from the Seller, all of the then outstanding ordinary shares of the Corporation and all of the then outstanding ordinary shares of the Company (such transaction, the "Acquisition"). The Acquisition would constitute a Change of Control under the Indenture, requiring the Company to make an offer to repurchase all or any part of each holder's Notes at a purchase price equal to 101% of the aggregate principal amount thereof, plus accrued and unpaid interest and additional amounts, if any, on the applicable Notes repurchased, to, but not including, the date of such repurchase. The Company is therefore seeking consents from the holders of the Notes to amend the definition of "Permitted Holders" in the Indenture so that the Acquisition does not constitute a "Change of Control" thereunder.

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