Grupo Elektra Press Release MEXICO CITY, July 29 /PRNewswire-FirstCall/ -- Grupo Elektra S.A. de C.V. (BMV: ELEKTRA*; NYSE: EKT; Latibex: XEKT), Latin America's leading specialty retailer, consumer finance and banking and financial services company announced today that as it was previously informed, on August 1st, the Bank of New York (BoNY), at the Company's instruction, will terminate the Company's Global Depositary Shares (GDSs) program and, as a result, the New York Stock Exchange (NYSE) will suspend trading of its GDS. As of such date, the Company's GDSs will no longer trade on the NYSE. As it was previously announced, at an extraordinary shareholders' meeting held on June 1, 2005, 91.23% of Grupo Elektra's shareholders approved the termination of the GDS program, after an analysis and discussion of the costs and benefits of continuing to be listed in the U.S. capital markets. As it has been detailed, GDS holders will have 60 days to exchange their GDSs for common shares traded on the Mexican Stock Market (BMV). Upon the expiration of the 60-day period, BoNY will be allowed to sell the common shares underlying the GDSs that were not surrendered and distribute the proceeds of such sale to holders. Company Profile: Grupo Elektra is Latin America's leading specialty retailer, consumer finance and banking services company. Grupo Elektra sells retail goods and services through its Elektra, Salinas y Rocha, Bodega de Remates and Elektricity stores and over the Internet. The Group operates more than 1,000 stores in Mexico, Guatemala, Honduras and Peru. Grupo Elektra also sells and markets its consumer finance, banking and financial products and services through approximately 1,400 Banco Azteca branches located within its stores, as a stand-alone, and in other channels in Mexico and Panama. Banking and financial services include loans, electronic money transfer services, extended warranties, demand deposits, pension-fund management, insurance, and credit information services. Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Risks that may affect Grupo Elektra are identified in its Form 20-F and other filings with the US Securities and Exchange Commission. Contacts: Esteban Galindez, CFA Bruno Rangel Director of Finance and I.R. Director of Investor Relations Grupo Elektra S.A. de C.V. Grupo Salinas Tel. +52 (55) 1720-7819 Tel. +52 (55) 1720 9167 Fax. +52 (55) 1720-7822 Fax +52 (55) 1720 0831 DATASOURCE: Grupo Elektra S.A. de C.V. CONTACT: Esteban Galindez, CFA, Director of Finance and I.R. for Grupo Elektra S.A. de C.V., Tel. +52-55-1720-7819, Fax. +52-55-1720-7822, ; or Bruno Rangel, Director of Investor Relations for Grupo Salinas, Tel. +52-55-1720-9167, Fax +52-55-1720 0831, Web site: http://www.grupoelektra.com.mx/

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