Cox To Offer Its Shares In Exchange For Shares Of Its Mexican Unit

April 9 (Reuters) - Cox Abg Group SA COXGA.MC:

• HAS INITIATED A SHARE EXCHANGE PROCESS, OFFERING ITS OWN SHARES IN EXCHANGE FOR SHARES OF ITS MEXICAN SUBSIDIARY, COX ENERGY

• PROCESS FOR CERTAIN SPECIFIC SHAREHOLDERS OF COX ENERGY, SAB DE CV ("COX ENERGY")

• TO PROPOSE TO APPROVE CAPITAL INCREASE THROUGH NON-MONETARY CONTRIBUTION OF COX ENERGY SHARES, WITH EXCHANGE RATIO CONSISTING OF 1 COMPANY SHARE FOR EVERY 5 COX ENERGY SHARES

• STATES THAT TRANSACTION IS CURRENTLY UNDER STUDY AND THERE IS NO CERTAINTY THAT IT WILL BE CARRIED OUT

• DOES NOT CURRENTLY INTEND TO EXTEND TRANSACTION TO REST OF SHAREHOLDERS OF COX ENERGY OR TO MAKE A PUBLIC TENDER OFFER