For the period, EBITDA was 28.1% higher y-o-y, aided by reductions in costs and expenses,
which derived mainly from restructuring initiatives implemented earlier in the year. Meanwhile,
3Q20 EBITDA per equivalent unit was US$17.6, 34% higher than in 3Q19, representing a new
all-time mark.

Under the proposal, ALFA shareholders will receive one share of Nemak-Holding for each of their ALFA shares, in addition to retaining their share ownership in ALFA's equity.