MEXICAN ECONOMIC DEVELOPMENT INC

The terms “FEMSA,” “our company,” “the Group,” “we,” “us” and “our” are used in this annual report to refer to Fomento Económico Mexicano, S.A.B. de C.V. and, except where the context otherwise requires, its subsidiaries on a consolidated basis.

The term “S.A.B.” stands forsociedad anónima bursátil, which is the term used in the United Mexican States

(“Mexico”) to denominate a publicly traded company under the Mexican Exchange Market Law (Ley del Mercado de

Valores or “Mexican Exchange Market Law”).

“IFRS” refers to International Financial Reporting Standards (Accounting Standards), as issued by the International Accounting Standards Board, unless otherwise stated.

“U.S.” or “United States” refers to United States of America; “U.S. dollars,” “US$,” “dollars” or “$” refer to the lawful currency of the U.S.; “Mexican pesos,” “pesos” or “Ps.” refer to the lawful currency of Mexico; and “Euros” or “€” refer to the lawful currency of the European Economic and Monetary Union (the “Euro Zone”).