América Móvil, S.A.B. de C.V. (BMV: AMX; NYSE: AMX; NASDAQ: AMOV; LATIBEX: XAMXL),and AMOV Europa B.V. hereby announce that the Offeror declares the Offer unconditional (het bod gestand doen).

Acceptances
AMX confirms that during the Acceptance Period, which expired on June 27, 2012 at 17:30 hours CEST, 562,480,277 Shares have been tendered for acceptance under the Offer, representing approximately 39.66% of all Issued and Outstanding Shares.

Taking into account the acquisition of Shares by purchases made by AMX prior to June 27, 2012, 17:30 hours CEST, AMX held 353,283,000 Shares as of June 27, 2012, 17:30 hours CEST (excluding Shares tendered under the Offer), representing approximately 24.91% of all Issued and Outstanding Shares. With reference to the Offer Memorandum, the Maximum Acceptance Number, being the maximum number of Shares that may be accepted by the Offeror under the Offer, is therefore 40,000,000 Shares, representing approximately 2.82% of all Issued and Outstanding Shares.

As a result of the Offer becoming unconditional, AMX will hold 393,283,000Shares, representing approximately 27.7% of all Issued and Outstanding Shares.

Scale-Down
In accordance with the procedures set out in the Offer Memorandum, any Shares tendered to the Offeror in excess of the Maximum Acceptance Number will be scaled down. Consequently, the Offeror accepts approximately 7.11% of all Shares tendered under the Offer. No other Shares tendered under the Offer will be accepted by the Offeror. Tendering Shareholders' custodian, bank or stockbroker will confirm to each tendering Shareholder the relevant number of tendered Shares the Offeror accepts under the Offer in respect of each individual tendering Shareholder. Tendering Shareholders are advised to contact their custodian, bank or stockbroker for more information.

Settlement
Pursuant to this announcement, on the terms and subject to the conditions and restrictions contained in the Offer Memorandum, payment of the Offer Price for each tendered Share accepted under the Offer by the Offeror is made against delivery of such Shares to the Offeror on the Settlement Date, which shall be July 3, 2012.

Crossing 25% threshold
As a result of the Offer becoming unconditional, AMX has crossed the 25% notification threshold under applicable Dutch law. In line with the applicable regulatory requirements, AMX has notified the AFM accordingly.

Going forward
For AMX, geographic diversification has always been key to its successful growth and strategic development, providing greater stability to AMX’s cash flow and profitability and contributing to its strong credit ratings. With this investment AMX has achieved its objective of securing a meaningful minority stake in KPN, a company with an attractive position in important European markets. AMX believes that both companies will benefit from their mutual experiences in the sector - both in technological and commercial areas - and is looking forward to an on-going, constructive dialogue with KPN. AMX expects to explore with KPN areas for potential co-operation.

About AMX
AMX is the leading provider of wireless services in Latin America. As of March 31, 2012, it had 246 million wireless subscribers and 59.7 million fixed revenue generating units in the Americas.