Grupo Imsa Announces New Estimates for 2005 Results

MONTERREY, Mexico--Jan. 1, 20068, 2006--Grupo Imsa, S.A. de C.V. (BMV:IMSA) announced today that the Company's estimated EBITDA (operating income plus depreciation and amortization) for the fourth quarter of 2005 may be US$ 140 million. This amount will represent a growth of approximately 37% in the EBITDA with respect to the third quarter of 2005 and approximately 30% compared to the fourth quarter of 2004.

The strength of the markets in which Grupo IMSA participates translated into a higher demand of the manufactured products by the main businesses of Grupo Imsa, as well as an increase in its margins.

As a result of this review, the estimated EBITDA for 2005 which was in the range of US$ 350 - US$ 360 million is now US$ 375 - US$ 385 million.

Grupo Imsa, a holding company, dates back to 1936 and is today one of Mexico's leading diversified industrial companies. With manufacturing and distribution facilities in Mexico, the United States, Spain, and throughout Central and South America, Grupo Imsa exports to all continents. In 2004 the Company's sales reached 3.3 billion dollars, of which close to 50% was generated outside Mexico. Grupo Imsa shares are quoted on the Mexican Stock Market (IMSA).

This document contains forward-looking statements relating to Grupo Imsa's future performance which should be taken as estimates made in good faith on the basis of the information available at the time that this document was prepared and reflecting Company management's current expectations and beliefs. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties pertaining to the industries in which the Company and its subsidiaries participate. Grupo Imsa does not intend, and does not assume any obligation, to update these forward-looking statements.