FUEL ADJUSTMENT 

Dear customer:

ALMEX is committed to quality and customer service, so we seek to continuously improve our operations and remain at the forefront of the market.

Over the years, we have implemented the best business practices and made investments to ensure that we have the most modern vehicle fleet in the industry in terms of fuel efficiency and environmental impact. This has positioned us to generate value and maintain competitive costs for our customers and commercial partners.

During the last few years, fuel costs have varied significantly, with a significant impact on the transportation industry. As a result, and because of the instability in prices expected going forward, we have been obliged to include a Fuel Adjustment Charge (FAC) in our prices.

This charge is variable and subject to fluctuations in fuel prices, with increases, decreases or the elimination of the % of the FAC according to the market.

The charge came into effect on May 15 of the current year and is based on the average fuel price of the previous month. It is published on our website: www.almex.com.mx on the first working day of every month.

The percentage is applicable for all concepts related to our transportation services.

AVERAGE DIESEL PRICE LAST MONTH TABLE

MONTH AVERAGE
AUGUST 2019 $21.10
INITIAL DATE FINAL DATE DAILY AVERAGE
01/08/2019 01/08/2019 $21.11
02/08/2019 02/08/2019 $21.12
03/08/2019 03/08/2019 $21.12
04/08/2019 04/08/2019 $21.12
05/08/2019 05/08/2019 $21.12
06/08/2019 06/08/2019 $21.12
07/08/2019 07/08/2019 $21.11
08/08/2019 08/08/2019 $21.10
09/08/2019 09/08/2019 $21.09
10/08/2019 10/08/2019 $21.08
11/08/2019 11/08/2019 $21.08
12/08/2019 12/08/2019 $21.07
13/08/2019 13/08/2019 $21.05
14/08/2019 14/08/2019 $21.04
15/08/2019 15/08/2019 $21.03
16/08/2019 16/08/2019 $21.02
17/08/2019 17/08/2019 $21.04
18/08/2019 18/08/2019 $21.05
19/08/2019 19/08/2019 $21.06
20/08/2019 20/08/2019 $21.08
21/08/2019 21/08/2019 $21.09
22/08/2019 22/08/2019 $21.11
23/08/2019 23/08/2019 $21.12
24/08/2019 24/08/2019 $21.13
25/08/2019 25/08/2019 $21.13
26/08/2019 26/08/2019 $21.13
27/08/2019 27/08/2019 $21.14
28/08/2019 28/08/2019 $21.15
29/08/2019 29/08/2019 $21.15
30/08/2019 30/08/2019 $21.15
31/08/2019 31/08/2019 $21.15

TABLE DEFINING THE FAC PERCENTAGE

PRICE EQUAL OR HIGHER TO: PRICE LESS THAN OR LOWER: % FUEL CHARGE
$17.71 $17.82 5.43%
$17.82 $17.93 5.62%
$17.93 $18.04 5.81%
$18.04 $18.15 6.00%
$18.15 $18.26 6.19%
$18.26 $18.37 6.37%
$18.37 $18.48 6.56%
$18.48 $18.59 6.75%
$18.59 $18.70 6.94%
$18.70 $18.81 7.13%
$18.81 $18.92 7.31%
$18.92 $19.03 7.50%
$19.03 $19.14 7.69%
$19.14 $19.25 7.88%
$19.25 $19.36 8.07%
$19.36 $19.47 8.25%
$19.47 $19.58 8.44%
$19.58 $19.69 8.63%
$19.69 $19.80 8.82%
$19.80 $19.91 9.01%
$19.91 $20.02 9.19%
$20.02 $20.13 9.38%
$20.13 $20.24 9.57%
$20.24 $20.35 9.76%
$20.35 $20.46 9.95%
$20.46 $20.57 10.13%
$20.57 $20.68 10.32%
$20.68 $20.79 10.51%
$20.79 $20.90 10.70%
$20.90 $21.01 10.89%
$21.01 $21.12 11.07%
$21.12 $21.23 11.26%
$21.23 $21.34 11.45%
$21.34 $21.45 11.64%
$21.45 $21.56 11.83%
$21.56 $21.67 12.01%
$21.67 $21.78 12.20%
$21.78 $21.89 12.39%
$21.89 $22.00 12.58%
$22.00 $22.11 12.76%
$22.11 $22.22 12.95%
$22.22 $22.33 13.14%
$22.33 $22.44 13.33%
$22.44 $22.55 13.52%
$22.55 $22.66 13.70%
$22.66 $22.77 13.89%
$22.77 $22.88 14.08%
$22.88 $22.99 14.27%
$22.99 $23.10 14.46%
$23.10 $23.21 14.64%
$23.21 $23.32 14.83%
$23.32 $23.43 15.02%

*The percent is definied according to the average price of the previous month.