Casas GEO and Prudential Real Estate Investors Announce Latest Joint Venture to Develop...

Casas GEO and Prudential Real Estate Investors Announce Latest Joint Venture
to Develop Megaproject Communities

MEXICO CITY, July 9 /PRNewswire-FirstCall/ -- Corporacion GEO, S.A.B de C.V.
(BMV: GEOB; CORPGEO MX, ADR Level I CUSIP: 21986V204; Latibex: XGEO), Casas
GEO, one of the largest low-income housing and community developers in Mexico,
and PREI(R), a leader in global real estate investment management, announced
their latest agreement to form a joint venture for the investment in land to
develop "GEO Megaprojects"; large-scale planned communities. These
Megaprojects would include "urbanized" land developed by GEO for homes,
services and commercial and industrial use, and then sold to small, medium and
large real estate developers. This joint venture provides for the necessary
investment in infrastructure, urbanization, equipment and peripheral services
required to develop sustainable Megaproject communities over the next 10
years.

To obtain the full text of this press release, please visit our Investor
Relations website at www.corporaciongeo.com under the Shareholder Information
/ News Releases section or available at the following link:

Casas GEO and Prudential Real Estate Investors announce latest joint venture
to develop megaprojects communities.

About Corporacion GEO S.A.B. de C.V.

Corporacion GEO is a leading housing developer in Mexico and one of the most
important in Latin America. The Company is engaged in all aspects of design,
development, construction, marketing, sales and delivery of mainly low-income
housing developments in Mexico. With operations in 33 cities across 16 states,
GEO is one of the most geographically diversified homebuilders in Mexico.
Since its inception GEO has sold more than 400,000 homes which currently
provide housing to 1,600,000 people. GEO's Solid Business Model focuses mainly
in the Affordable Entry Level and Economic segments, which are supported by
government policies and by the Mexican Housing Institutions INFONAVIT and
FOVISSSTE.

Safe Harbor Statement

This release contains forward-looking statements regarding the Company's
results and business prospects. The readers should know that the results
obtained may differ from that stated on this release. Past performances do not
guarantee the behavior of future performances. The Company undertakes no
obligation to update any of these statements, either as a result of new
information, future actions or other related events.

SOURCE Corporacion GEO S.A.B. de C.V.

Hans Schroeder, Investor Relations Officer, Corporacion GEO, S.A.B. de C.V.,
hschroeder@casasgeo.com, Tel. +(52) 55-5480-5071