MEXICO CITY, Oct. 13 /PRNewswire-FirstCall/ -- Grupo Elektra S.A. de C.V. (BMV: ELEKTRA*; Latibex: XEKT), Latin America's leading specialty retailer, consumer finance and banking and financial services company announced today that The Bank of New York (BoNY) concluded the sale -- in the Mexican Stock Market (BMV) -- of Grupo Elektra's common shares underlying Global Depositary Shares (GDSs) that were not surrendered by holders within a predetermined timeframe, in the process of termination of the GDS program that the company had in the United States. As has been detailed in prior company press releases, GDS holders had a 60 day period -- from August 1st 2005 to September 29, 2005 -- to exchange their GDSs for common shares traded on the BMV. After that period, BoNY sold the common shares underlying GDSs that were not surrendered. The selling process of such common shares by BoNY has concluded, and there are no remaining common shares underlying GDSs that were not surrendered within the 60-day period. The company had previously announced that at an Extraordinary Shareholders' Meeting held on June 1st, 2005, 91.23% of Grupo Elektra's shareholders approved the termination of the GDS program, after an analysis and discussion of the costs and benefits of continuing to be listed on a U.S. securities exchange. Company Profile: Grupo Elektra is Latin America's leading specialty retailer, consumer finance and banking services company. Grupo Elektra sells retail goods and services through its Elektra, Salinas y Rocha, Bodega de Remates and Elektricity stores and over the Internet. The Group operates more than 1,000 stores in Mexico, Guatemala, Honduras and Peru. Grupo Elektra also sells and markets its consumer finance, banking and financial products and services through approximately 1,400 Banco Azteca branches located within its stores, as a stand-alone, and in other channels in Mexico and Panama. Banking and financial services include loans, electronic money transfer services, extended warranties, demand deposits, pension-fund management, insurance, and credit information services. Except for historical information, the matters discussed in this press release are forward-looking statements and are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Risks that may affect Grupo Elektra are identified in its Form 20-F and other filings with the US Securities and Exchange Commission. Contacts: Dinorah Macias Bruno Rangel Investor Relations Director of Investor Relations Grupo Elektra S.A. de C.V. Grupo Salinas Tel. +52 (55) 1720-7821 Tel. +52 (55) 1720 9167 Fax. +52 (55) 1720-7822 Fax. +52 (55) 1720 0831 DATASOURCE: Grupo Elektra CONTACT: Dinorah Macias, Investor Relations, +52-55-1720-7821, fax: +52-55-1720-7822, , of Grupo Elektra S.A. de C.V.; or Bruno Rangel, Director of Investor Relations, +52-55-1720-9167, Fax: +52-55-1720 0831, , of Grupo Salinas Web site: http://www.grupoelektra.com.mx/

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