Aeroportuario del Pacifico Group Reports No Major Damage

GUADALAJARA, Mexico, July 04, 2024 (GLOBE NEWSWIRE) — Grupo Aeroportuario del Pacífico, SAB de CV, (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) informs that yesterday, July 3, the airports of Montego Bay and Kingston were in a state of preventive emergency due to the passage of Hurricane Beryl in Jamaica.

Both airports remained closed from midnight on Tuesday, July 2, until Wednesday, July 3. Montego Bay Airport did not have any major damage that would prevent its operation, so operations resumed today at 6:00 p.m. Kingston Airport sustained minor damage to the roof of the passenger boarding area; given these effects, the airport must remain closed this July 4 to implement corrective measures, reopening the airport at 5:00 a.m. on Friday, July 5. Runways, aprons and terminals were undamaged, allowing the airports to reopen.

As of last night, the centre of Hurricane Beryl was located more than 100 km southwest of Negril Point, Jamaica, so it is unlikely that its effects will persist in the coastal areas of the island.

GAP has property insurance that covers this type of natural disaster, so no significant economic impact is expected.

Company Description

Grupo Aeroportuario del Pacífico, SAB de CV (GAP) operates 12 airports in the Pacific region of Mexico, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the symbol “PAC” and on the Mexican Stock Exchange under the symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, SL, which holds a majority interest in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement to operate Norman Manley International Airport in Kingston, Jamaica, and assumed operational control in October 2019.

In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores,” GAP has established a “whistleblower” program, which allows complainants to anonymously and confidentially report suspicious activities involving criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at [email protected]. GAP’s Audit Committee will be notified of all complaints for immediate investigation.