Grupo Aeroportuario del Pacífico Shareholders Approve CBX Business Combination And Merger With AMP, Backed by 96% Vote

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC, BMV:GAP) ("GAP") announces that, during its Ordinary and Extraordinary General Shareholders' Meeting, with a quorum of 88.1% of its shareholders, around 96% of the votes cast approved the business combination of the Cross Border Xpress (CBX) and the provision of technical assistance and technology transfer services. This business combination will be carried out through the merger of various entities into GAP, including, among others, Aeropuertos Mexicanos del Pacífico, S.A.P.I. de C.V. (AMP), our current strategic partner.

Consequently, we expect to issue approximately 90 million net new shares and to acquire control of the merged entities, which will allow us to consolidate them. As of today, we have approximately 505 million shares outstanding, and we estimate that, upon delivery of the shares issued by virtue of the merger, we will have approximately 595 million shares outstanding.

The approval by our shareholders of the integration of CBX and the technical assistance and technology transfer services marks a fundamental milestone in our vision of taking GAP to a new stage of development. It is important to highlight that, throughout the proposal process, we applied the highest international standards of corporate governance, and that the transaction was approved by the will of the "majority of the minority" of our shareholders, as the strategic partner AMP and various potentially interested parties adhered their vote to that of the majority. In addition, we made an information statement regarding the transaction available to our shareholders well in advance of the legal requirement to provide them with supporting information for their decision-making process.