The 2016 Annual Report may include certain expectations regarding the results of Liverpool,S. A. B. de C. V. and its Subsidiaries. All such projections, which on the judment of the Company’smanagement, are based on up-to-date, known information, however, expectations mayvary as a result of the facts, circumstances and events beyond the control of El Puerto deLiverpool, S. A. B. de C. V. and its Subsidiaries.