Gruma S.A.B. de CV approved to amend articles of the company at the EGM held on May 15, 2013. The company may establish agencies or branches anywhere in the Mexican Republic or abroad and submit itself to conventional domiciles in the contracts executed by the same. The company may repurchase shares representing its capital stock or credit instruments representing said shares, without the regime provided by Article Eleventh of these Bylaws being applicable. The Chairman and the Vice-president of the Board of Directors will be designated by the General Shareholders' Meeting, will hold such office and be part of the Board of Directors for an indefinite term both of them and whomever has been designated as such, and will only cease in their respective functions as directors, as well as Chairman or Vice-President, in case of resignation, death, legal incompetence or revocation resolved by the General Ordinary Shareholders' Meeting.

Gruma S.A.B. de CV announced at AGM held on April 26, 2013, the shareholders of the company approved the appointment of Messrs. Mario Laborin Gomez, Gabriel Arturo Carrillo Medina and Thomas S. Heather, as members of the Audit and Corporate Governance Committees of the Board of Directors of the company. The shareholders also approved the appointment of Mr. Mario Laborin Gomez as Chairman and Financial Expert of the Audit and Corporate Governance Committees.

Gruma S.A.B. de CV reported consolidated earnings results for the first quarter ended March 31, 2013. Net sales were MXN 13,058 million against MXN 13,031 million for the same period last year. Operating income was MXN 990 million against MXN 448 million for the same period last year. EBITDA was MXN 1,375 million against MXN 815 million for the same period last year. Majority net income was MXN 209 million against MXN 84 million for the same period a year ago. Operating income increase was driven by improvements at most of the company's subsidiaries, in particular GIMSA and Gruma Corporation. Operating margin rose to 7.6% from 3.4%. Majority net income increase was driven mainly by higher operating income, in particular at GIMSA and Gruma Corporation, lower comprehensive financing cost, and higher ownership at the U.S. corn flour operations and Molinera de Mexico in connection with the purchase of their minority stakes from Archer-Daniels-Midland. These improvements were partially offset by the devaluation of the Venezuelan bolivar during first quarter of 2013, as reflected on the 'discontinued operations line. Capital expenditures was $19 million.