Grupo Elektra Clarifies Press Note Published Today - Grupo Elektra Minimizes the Impact from the Note - MEXICO CITY, Jan. 17 /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 services company, clarified today a press note published during the day. Elektra Mexicana, S.A. de C.V., a subsidiary of Grupo Elektra, S.A. de C.V., will pay less than Ps. 500,000 (Ps. 444,251.25) to Manufacturers National Bank of Detroit (part of Comerica Bank today) for a promissory note dated 1982 according to a definitive suspension of payments court proceeding. However, the final amount to be paid from the accrued interests during a three-month period of 1983 is still pending a court injunction. Visit our award-winning corporate website at http://www.grupoelektra.com.mx/ 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. Grupo Elektra - Tradition with Vision 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 its Banco Azteca branches located within its stores and in other channels. Banking and financial services include consumer credit, personal loans, money transfers, extended warranties, savings accounts, term deposits, pension-fund management and insurance. Investor and Press Inquiries: Esteban Galindez, CFA Director of Finance & IR Grupo Elektra, S.A. de C.V. Tel. +52 (55) 1720-7819 Fax. +52 (55) 1720-7822 Rolando Villarreal S. Head of Investor Relations Grupo Elektra S.A. de C.V. Tel. +52 (55) 1720-7819 Fax. +52 (55) 1720-7822 Samantha Pescador Investor Relations Grupo Elektra S.A. de C.V. Tel. +52 (55) 1720-7819 Fax. +52 (55) 1720-7822 DATASOURCE: Grupo Elektra S.A. de C.V. CONTACT: Esteban Galindez, CFA, Director of Finance & IR, +52-55-1720-7819, or fax, +52-55-1720-7822, ; or Rolando Villarreal S., Head of Investor Relations, +52-55-1720-7819, or fax, +52-55-1720-7822, ; or Samantha Pescador, Investor Relations, +52-55-1720-7819, or fax, +52-55-1720-7822, ; all of Grupo Elektra S.A. de C.V. Web site: http://www.grupoelektra.com.mx/

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