Consorcio G Grupo Dina, S.A. de C.V. Extends Exchange Offer for Its 8% Convertible Subordinated Debentures

NEW YORK, July 6 -- Consorcio G Grupo Dina, S.A. de C.V. announced that it has extended its exchange offer for all of its outstanding 8% Convertible Subordinated Debentures Due August 8, 2004 (CUSIP No. 210306 AB 2) and related waiver solicitation. The Exchange Offer and related waiver solicitation will expire at 5:00 p.m., New York City time, on Tuesday, July 19, 2005, unless further extended by Grupo Dina.

The Exchange Offer is being made solely pursuant to the Offer to Exchange and Related Waiver Solicitation Statement dated June 7, 2005 and the related Letter of Transmittal and Waiver. Dina is offering holders of Debentures one Contingent Value Right for each $1,000 aggregate principal amount of Debentures tendered and is also offering holders a waiver payment of $50 for each $1,000 aggregate principal amount of Debentures as to which a waiver is delivered. Debentures holders may not tender Debentures without also granting the waiver and may not grant the waiver without also tendering their Debentures. The Contingent Value Rights entitle holders to certain net cash proceeds received upon the occurrence of certain events as described in the Statement. The Waiver being sought relates to payment defaults and legal claims in respect of the Debentures as described in the Statement.

This announcement is neither an offer to purchase Debentures nor a solicitation of an offer to sell CVRs. The Exchange Offer and waiver solicitation is not being made to, nor will tenders be accepted from, or on behalf of, holders of existing Debentures in any jurisdiction in which the making of the Exchange Offer and waiver solicitation or the acceptance thereof would not be in compliance with the laws of such jurisdiction.