Glosario

Shares (Acciones)

The ordinary nominative shares without face value, of the single series and with no foreign ownership restriction representing Vinte’s capital stock.

Founding Shareholders (Accionistas Fundadores)

It refers jointly to the following persons: Mr. Sergio Leal Aguirre, Mr. Carlos Alberto Cadena Ortiz de Montellano, Mr. René Jaime Mungarro, Mr. Antonio Blas Zúñiga Hernández and Mr. José Antonio Soto Montoya.

Selling Shareholders (Accionistas Vendedores)

It refers jointly to the following persons: Mr. Sergio Leal Aguirre, Mr. Carlos Alberto Cadena Ortiz de Montellano, Mr. René Jaime Mungarro, Mr. Antonio Blas Zúñiga Hernández, Mr. José Antonio Soto Montoya, Mr. Domingo Alberto Valdés Díaz, IFC and IIC.

Adocsa

Autopista del Occidente, S.A. de C.V.

Afores

Retirement Funds Administrators.

AHM

Mexican Mortgage Association.

IDB (BID)

The Inter-American Development Bank.

BMV

Mexican Stock Exchange.

CEBURES

Stock Certificates.

CFE

Federal Electricity Commission.

IIC (CII)

The Inter-American Investment Corporation, member of the Inter-American Development Bank.

Single Station Circular (Circular Única de Emisoras)

The General Provisions applicable to securities issuers and other securities market participants, published in the Official Gazette of the Federation on March 19, 2003.

Clients

Refers to those persons that have or could have a need to acquire an Affordable Entry-Level, Middle-Income, or Residential home, and might or might not require a mortgage to make their purchase.

CNBV

National Banking and Securities Commission.

Company, Vinte, or Issuer

Vinte Viviendas Integrales, S.A.B. de C.V.

CONACYT

National Council of Science and Technology.

CONAPO

National Population Council.

CONAVI

National Housing Commission.

Conectha

Conectividad para el Hábitat, S.A. de C.V., subsidiary of Vinte.

Bridge loan (Crédito Puente)

A simple mortgage-secured credit line for housing construction.

DEG

Deutsche Investitions und Entwicklungsgesellschaft MBH, member of KfW Bankengruppe, by its acronym in German.

Gross Debt (Deuda Bruta)

Monetary financial obligations subscribed by Vinte or any of its subsidiaries on a consolidated level which generates interests, commissions, or any other financial cost determined in accordance with International Financial Reporting Standards (IFRS), contingent or not, preferred or subordinated, including all obligations and commitments: i) of a financial nature; ii) represented by bonds, obligations with or without specific guarantees, promissory notes or similar instruments; iii) subscribed in favor of third parties by means of liens on any asset, and iv) all types of guarantees provided, associated to debts with third parties.

Net Debt (Deuda Neta)

It is, at any given calculation period and on a consolidated level, Vinte’s Gross Debt minus the sum of: i) cash, ii) cash equivalents, and iii) temporary investments held at the same date.

Dollars

United States dollars.

EBITDA

Earnings before interest (including capitalized interest assigned to cost of sale, if applicable), taxes, depreciation and amortization.

EIC

Edificaciones e Ingenierías del Centro, S.A. de C.V., subsidiary of Vinte.

Emobel

Comercializadora de Equipamientos y Mobiliario para la Vivienda, S.A. de C.V., subsidiary of Vinte.

ERP

Enterprise Resource Planning.

Consolidated Financial Statements (Estados Financieros Consolidados)

The Audited Consolidated Financial Statements and the Consolidated Interim Financial Statements.

Audited Consolidated Financial Statements (Spanish Only)

The Consolidated Financial Statements of the Company audited by the External Auditor.

Consolidated Interim Financial Statements (Estados Financieros Intermedios Consolidados)

The Unaudited Condensed Consolidated Financial Statements of Interim Financial Information of the Company and its Subsidiaries.

United States (Estados Unidos)

The United States of America.

Housing Funds (Fondos de Vivienda)

Refers, jointly, to: INFONAVIT, FOVISSSTE and/or SHF or other governmental and non-governmental housing funds.

FOVISSSTE

Housing Fund of the Institute for Social Security and Services for State Workers.

IFC

The International Finance Corporation, member of the World Bank group.

IFRS

International Financial Reporting Standards, including modifications in accordance with applicable legislation or financial disclosure laws.

INEA

National Institute of Adult Education.

INEGI

National Institute of Statistics and Geography.

INFONAVIT

National Workers Housing Fund Institute.

ISR

Spanish acronym for income tax.

IVA (VAT)

Added value tax.

INFONAVIT Law (Ley del INFONAVIT)

The Law of INFONAVIT.

LGSM

General Law of Mercantile Corporations.

LISR

Mexican income tax law.

LMV

Securities Market Law.

EBITDA Margin (Margen EBITDA)

The result obtained by dividing EBITDA by net sales.

Mexico

The United Mexican States.

NAFIN

Nacional Financiera, S.N.C., a Development Banking Institution owned by the Mexican government.

Pesos, Ps. o $

The legal currency in Mexico.

Master Plan or Master Development Plan (Plan Maestro o Plan Maestro de Desarrollo)

The plan that Vinte formulates for each of its planned housing developments, which takes into account various technical, economic and design factors and considerations.

National Housing Award.

National recognition granted annually by CONAVI to the players involved in the process of housing production and who contribute to the expansion of Mexico’s housing supply.

Main Shareholders (Principales Accionistas)

Promotora

Promotora de Viviendas Integrales, S.A. de C.V., subsidiary of Vinte.

RNV

National Securities Registry, run by the CNBV.

ROE

The return on equity for shareholders. The Company calculates consolidated ROE as follows: i) consolidated comprehensive income, divided by ii) the average shareholders’ equity in the period.

RUV

National Register of Housing.

SEDATU

Secretariat of Agrarian, Land and Urban Development.

SHF

Sociedad Hipotecaria Federal, S.N.C., Development Banking Institution.

Strategy&

Strategic consulting company that belongs to PwC’s network of professional services firms.

Subsidiaries

Promotora, Urbanizaciones, Vinte Administración, EIC, Conectha and Emobel.

CAGR (TACC)

Compound annual growth rate.

TIIE

Interbank Balance Interest Rate that the Bank of Mexico periodically publishes in the Official Gazette of the Federation or any rate that succeeds or replaces it.

LTM

Last twelve months.

UEN

Vinte’s Strategic Business Unit.

Urbanizaciones

Urbanizaciones Inmobiliarias del Centro, S.A. de C.V., subsidiary of Vinte.

Vinte Administración

Vinte Administración, Diseño y Consultoría, S.A. de C.V., subsidiary of Vinte.

Middle Income Homes (Viviendas de Interés Medio o VIM)

Homes sold by the Company in a price range between $550,000 pesos and $1,100,000 pesos.

Residential Homes (Viviendas de Interés Residencial o VIR)

Homes sold by the Company in a price range above $1,100,000 pesos.