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DESC, S.A. de C.V., Announces Extraordinary General Shareholders Meeting

19 November 1999

DESC, S.A. de C.V., Announces Extraordinary General Shareholders Meeting

    MEXICO CITY--Nov. 19, 1999--Desc, S.A. de C.V. (BMV:DESC) today announced that an Extraordinary General Shareholders' Meeting will take place on December 8th, 1999 at the Company Headquarters.
    The subject of this Shareholder Meeting is to consider the merger of Agrobios S.A de C.V., the food sector subsidiary of Desc into Desc, so that Desc will acquire all Agrobios assets.
    This proposed merger is a result of the restructuring taking place in the Company's food sector. Further details will be available once the transaction has taken place.