Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander México announced that its Board of Directors, in a meeting held on January 30, 2020, among other resolutions, expressed its intention to nominate, the renowned businesswoman Laura Diez Barroso Azcárraga as director and chairman of the Board of Directors to succeed Mr. Marcos Martínez Gavica, whose appointment as chairman of the Board of Directors will expire in April of year 2020. Laura Diez Barroso Azcárraga, with more than 25 years of experience in executive positions, serves as the chairman of the Board of Directors of Grupo Aeroportuario del Pacífico and the Chief Executive Officer of LCA Capital. She is currently a member of the Board of Directors of Teléfonos de México and has been a member of the boards of Grupo Financiero Inbursa and Royal Caribbean Cruises. She co-founded and served as chairman of Televisa's ERES Editorial and is a member of the Mexican Business Council.