Glossary

“IMPAC”

signifies Asset Tax (Impuesto al Activo)

“INEGI”

signifies the Mexican National Institute of Statistics, Geography and Information (Instituto Nacional de Estadística, Geografía e Informática)

“INPP-pys”

signifies the Mexican Producer Price Index excluding petroleum and services (Indice Nacional de Precios al Productor menos petróleo y servicios published by Banco de Mexico)

“IPAB”

signifies the Institute for the Protection of Bank Savings (Instituto de Protección al Ahorro Bancario)

“ISR”

signifies Income Tax (Impuesto sobre la renta)

“Indeval”

signifies S.D. Indeval, S.A. de C.V., Institución para el depósito de Valores

“Infant Passenger”

signifies passengers under the age of two (they do not pay TUA)

“International Investment Bank”

“International Passengers”

signifies the sum of all arriving and departing passengers in terminals to and from countries outside of Mexico

signifies the Mexican Investment Bank together with the International Investment Bank

 “Key Partner”

signifies the Operating Shareholder and the Mexican Shareholder, shareholders of the Strategic Shareholder. The first one holding 33.32.789% and the second one holding 33.3.605% of the Strategic Shareholder’s capital, at the printing of this report

“Law of Waste”

signifies the Law for the Prevention and Integral Waste Management (Ley General para la Prevención y Gestión Integral de Residuos General)

“Master Development Plan”

includes investment commitments (including capital expenditures and improvements) applicable to us as concession holder for the succeeding five-year period  or (Programa Maestro de Desarrollo y sus modificaciones y actualizaciones)

refers to the maximum amount of revenue (in constant Pesos) per workload unit that an airport may earn annually from services subject to price regulation pursuant to the terms of the concessions of GAP and applicable Mexican law

“NAFIN”

signifies the Mexican National Credit Institution and Development Bank (Nacional Financiera, S.N.C., Institución de Banca de Desarrollo), which is acting as the settler and trustee of the selling shareholder

“NYSE”

signifies the New York Stock Exchange

“Operating Shareholder”

signifies AENA Internacional, a company established under Spanish law, with international capacity and recognition to develop aeronautical and commercial activities. The Operating Shareholder holds 33.32.789% of the Strategic Shareholder’s capital, at the printing of this report

“Option Contract”

signifies the option contract through which AMP has the right to subscribe up to 5% of the new “Series B” shares (held in treasury of GAP) in three ways, subscribing 2%, 2% and 1% of the equity capital on each date of the financial year, at a price per share of US$ 3.1245397290836 plus an updated annual rate of 5% as of August 25, 1999

“Pacifico Cargo”

signifies Pacifico Cargo S.A. de C.V., a subsidiary of GAP

“Participation Agreement”

signifies the Participation Contract and Appendix signed on August 25, 1999, between SCT, NAFIN, GAP, the subsidiaries of GAP and the Strategic Shareholder, among others, to establish the GAP’s operating structure

“Passenger Charges”

see TUA

“PCGA in the United States”

signifies the United States Generally Accepted Accounting Principles – “The United States GAAP” (Principios de contabilidad generalmente aceptados en México)

“Peso” or “$”

signifies the official currency of Mexico

“PROFEPA”

signifies the Federal Office for the Protection of the Environment (Procuraduría Federal de Protección al Medio Ambiente)

“RNV”

signifies the Mexican Securities Commission (Registro Nacional de Valores) operated by CNBV

“Rules”

signifies “General Rules Applicable to Share Acquisitions that Must be Public Information and Public Offerings” issued by the SHCP and the CNBV on April 18, 2002

“SEMARNAT”

signifies The Ministry of the Environment and Natural Resources (Secretaría de Medio Ambiente y Recursos Naturales)

“SEMARNAT”

signifies The Ministry of the Environment and Natural Resources (Secretaría de Medio Ambiente y Recursos Naturales)

“SENEAM”

signifies the Mexican Air Traffic Control Authority (Servicios a la Navegación en el Espacio Aéreo Mexicano)

“Sale Contract”

signifies the Sale Contract signed on August 25, 1999, between the SCT and the AMP for the acquisition by AMP of 15% of GAP’s equity capital

“SAM”

signifies the Mexican Airport System (Sistema Aeroportuario Mexicano)

“SHCP”

signifies The Ministry of Finance and Public Credit (Secretaría de Hacienda y Crédito Público)

“SIAP”

signifies Servicios a la Infraestructura Aeroportuaria del Pacífico, S.A. de C.V., which is a subsidiary of GAP and grants administrative services to GAP under a contract of administrative services

“Secretaría” or “SCT”

signifies The Ministry of Communications and Transportation (Secretaría de Comunicaciones y Transportes)

“Selling Shareholder”

signifies Trust No. 5118-4 established on August 24, 1999, published in Nacional Financiera , S.N.C. as founder and trustee

“Shareholders’ Agreement”

signifies the contract between the shareholders signed on August 25, 1999, between AMP and NAFIN, which established some reciprocal rights and obligations between the Mexican Government and the Strategic Shareholder to acquire up to an additional 5% of GAP’s equity capital based on the Options Agreement.

“Shares”

signifies the 476,850,000 ordinary nominal shares, without expression of nominal value of the “Series B” shares, representing 85% of GAP’s equity capital and the 84,150,000 ordinary nominal shares, of the Series BB shares, representing 15% of GAP’s equity capital

“Specific Tariffs”

signifies the unit price for each of the airport’s facilities used by airlines and passengers. They principally consist of a fee for each departing passenger, aircraft landing fees based on the aircraft’s weight and arrival time, an aircraft parking fee, a fee for he transfer of passengers from the aircraft to the terminal building and a security charge for each departing passenger. The fees are established by the airport groups, registered with the SCT and published in the Diario Oficial de la Federación

“Strategic Shareholder”

signifies Aeropuertos Mexicanos del Pacífico S.A., de C.V. (AMP)

“Technical Assistance Agreement”

signifies the technical assistance and technology transfer agreement signed on August 25, 1999 between GAP, each of their subsidiaries and the AMP to obtain the technical assistance and technology necessary to operate the airports allocated in exchange for a fee. AMP provides management while transferring industry expertise and technology to GAP

“Terminal passengers”  

signifies the sum of all arriving and departing passengers on commercial and general aviation flights excluding transit passengers

“TUA”

signifies the tariff for use of the airport. It is applied to national or international passengers for departure flights for use of airport installations. The TUA is charged to each departing passenger via the airlines

“Unión FENOSA”

signifies Grupo Unión FENOSA, S.A., a Spanish energy and telecommunication utility company

“Union”

signifies the Mexican National Union of Airport Workers