----

----

|                                                                                                                                       |
|---------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                       |  |
| Contents                                                                                                                              | Page |
|                                                                                                                                  |   |
| Financial statements:                                                                                                                 |   |
|                                                                                                                                  |   |
| Consolidated balance sheets.......................................................................................................... | 3 |
|                                                                                                                                  |   |
| Consolidated statements of income.................................................................................................    | 4 |
|                                                                                                                                  |   |
| Consolidated statement of changes in stockholders’ equity............................................................           | 5 |
|                                                                                                                                  |   |
| Consolidated cash flow statements..................................................................................................   | 6 |
|                                                                                                                                  |   |
| Notes to the consolidated financial statements................................................................................        | 7 to 26 |

----

----

|                                                                                                                    |
|--------------------------------------------------------------------------------------------------------------------|
|                                                                                                                    |  |  |  |  |  |  |  |
|                                                                                                               |   | December 31, |
| Assets                                                                                                             |   | 2012 (*) |   |   | 2011 (*) |
|                                                                                                               |   |   |   |   |   |
| CURRENT ASSETS:                                                                                                    |   |   |   |   |   |
| Cash and cash equivalents (Note 5)                                                                                 | Ps | 313,905,060 |  |   |  Ps | 507,502,323 |  |
| Accounts receivable for ticket sales (net of allowance for doubtful of Ps 697,680 and Ps 453,267 in 2012 and 2011) |   | 8,357,845 |  |   |   | 17,600,167 |  |
| Related parties (Note 6)                                                                                           |   | 321,829,938 |  |   |   | 56,780,236 |  |
| Income tax recoverable                                                                                             |   | 19,924,762 |  |   |   | 25,938,487 |  |
| Costs of future events                                                                                             |   | 10,790,570 |  |   |   | 13,198,418 |  |
| Other accounts receivable                                                                                          |   | 4,062,429 |  |   |   | 4,916,156 |  |
| Total current assets                                                                                               |   | 678,870,604 |  |   |   | 625,935,787 |  |
|                                                                                                               |   |   |   |   |   |
| FURNITURE AND EQUIPMENT - Net (Note 7)                                                                             |   | 36,176,926 |  |   |   | 30,747,186 |  |
|                                                                                                               |   |   |   |   |   |
| EXPENSES TO AMORTIZE AND OTHER ASSETS TO AMORTIZE - Net (Note 8)                                                   |   | 51,292,934 |  |   |   | 32,376,285 |  |
|                                                                                                               |   |   |   |   |   |
| DEFERRED INCOME TAX (Note 14)                                                                                      |   | — |   |   | 5,706,104 |  |
|                                                                                                               |   |   |   |   |   |
| Total assets                                                                                                       | Ps | 766,340,464 |  |   |  Ps | 694,765,362 |  |
|                                                                                                               |   |   |   |   |   |
| Liabilities and Stockholders’ Equity                                                                         |   |   |   |   |   |
|                                                                                                               |   |   |   |   |   |
| CURRENT LIABILITIES:                                                                                               |   |   |   |   |   |
| Suppliers                                                                                                          | Ps | 16,798,300 |  |   |  Ps | 15,457,468 |  |
| Accounts payable and accrued liabilities                                                                           |   | 342,906,520 |  |   |   | 317,604,328 |  |
| Related parties (Note 6)                                                                                           |   | 5,242,549 |  |   |   | 6,935,095 |  |
| Value added tax payable                                                                                            |   | 5,785,064 |  |   |   | 10,849,339 |  |
| Revenue from future events                                                                                         |   | 2,999,863 |  |   |   | 12,070,567 |  |
|                                                                                                               |   |   |   |   |   |
| Total current liabilities                                                                                          |   | 373,732,296 |  |   |   | 362,916,797 |  |
|                                                                                                               |   |   |   |   |   |
| DEFERRED INCOME TAX (Note 14)                                                                                      |   | 684,813 |  |   |   | — |
|                                                                                                               |   |   |   |   |   |
| Total liabilities                                                                                                  |   | 374,417,109 |  |   |   | 362,916,797 |  |
|                                                                                                               |   |   |   |   |   |
| STOCKHOLDERS’ EQUITY (Note 10):                                                                              |   |   |   |   |   |
| Capital stock                                                                                                      |   | 21,854,275 |  |   |   | 21,854,275 |  |
| Share premium                                                                                                      |   | 2,628,300 |  |   |   | 2,628,300 |  |
| Retained earnings                                                                                                  |   | 364,340,821 |  |   |   | 307,365,990 |  |
| Majority stockholders’ equity                                                                                |   | 388,823,396 |  |   |   | 331,848,565 |  |
| Minority interest                                                                                             |   | 3,099,959 |  |   |   | — |
| Total stockholders’ equity                                                                                   |   | 391,923,355 |  |   |   | 331,848,565 |  |
| COMMITMENTS AND CONTINGENCIES (Notes 15 and 16)                                                                    |   |   |   |   |   |
| Total liabilities and stockholders’ equity                                                                   | Ps | 766,340,464 |  |   |  Ps | 694,765,362 |  |
|                                                                                                               |   |   |   |   |   |
| The accompanying eighteen notes are an integral part of these financial statements.                                |   |   |   |
|                                                                                                               |   |   |   |   |   |
| (*) Unaudited                                                                                                      |   |   |   |   |   |

----

----

|                                                                                     |
|-------------------------------------------------------------------------------------|
|                                                                                     |  |  |  |  |  |  |  |
|                                                                                |   | Year ended |
|                                                                                |   | December 31, |
|                                                                                |   |   |   |   |   |
|                                                                                |   | 2012 (*) |   |   | 2011 (*) |
|                                                                                |   |   |   |   |   |
| Revenue from commission on tickets sales and                                        |   |   |   |   |   |
| advertising (Note 11)                                                               | Ps | 647,556,112 |  |   |  Ps | 587,082,528 |  |
|                                                                                |   |   |   |   |   |
| Cost of sales (Note 12)                                                             |   | (198,186,692 | ) |   |   | (181,076,151 | ) |
| Operating expenses (Note 12)                                                        |   | (97,343,606 | ) |   |   | (84,736,741 | ) |
|                                                                                |   |   |   |   |   |
|                                                                                |   | (295,530,298 | ) |   |   | (265,812,892 | ) |
|                                                                                |   |   |   |   |   |
| Operating income                                                                    |   | 352,025,814 |  |   |   | 321,269,636 |  |
|                                                                                |   |   |   |   |   |
| Other expenses - Net (Note 13)                                                      |   | (4,897,344 | ) |   |   | (7,337,487 | ) |
|                                                                                |   |   |   |   |   |
| Comprehensive financing result:                                                     |   |   |   |   |   |
| Interest income - Net                                                               |   | 28,289,378 |  |   |   | 23,647,675 |  |
| Exchange gain - Net                                                                 |   | 473,785 |  |   |   | 663,556 |  |
|                                                                                |   |   |   |   |   |
| Comprehensive financing income - Net                                                |   | 28,763,163 |  |   |   | 24,311,231 |  |
|                                                                                |   |   |   |   |   |
| Non participation controlling                                                       |   | (406,884 | ) |   |   | — |  |
|                                                                                |   |   |   |   |   |
| Income before the following provision                                               |   | 375,484,749 |  |   |   | 338,243,380 |  |
|                                                                                |   |   |   |   |   |
| Provisions for (Note 14):                                                           |   |   |   |   |   |
| Current income tax                                                                  |   | (102,330,759 | ) |   |   | (104,956,779 | ) |
| Deferred income tax                                                                 |   | (6,390,917 | ) |   |   | 5,321,871 |  |
|                                                                                |   |   |   |   |   |
|                                                                                |   | (108,721,676 | ) |   |   | (99,634,908 | ) |
|                                                                                |   |   |   |   |   |
| Net income for the year                                                             | Ps | 266,763,073 |  |   |  Ps | 238,608,472 |  |
|                                                                                |   |   |   |   |   |
|                                                                                |   |   |   |   |   |
| The accompanying eighteen notes are an integral part of these financial statements. |   |   |   |
|                                                                                |   |   |   |   |   |
| (*) Unaudited                                                                       |   |   |   |   |   |

----

----

|                                                                                     |
|-------------------------------------------------------------------------------------|
|                                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   | Retained earnings |   |   |   |   |   |   |   |
|                                                                                |   | Capital |   |   | Share |   |   |   |   |   |   |   |   |   |   |   | Profit of |   |   |   |   |
|                                                                                |   | stock |   |   | premium |   |   | Holding |   |   | Subsidiary |   |   | Total |   |   | no controller |   |   | Total |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balances at December 31, 2010                                                       | Ps | 21,854,275 |  |   | Ps | 2,628,300 |  |   | Ps | 256,729,231 |  |   | Ps | 29,585,460 |  |   | Ps | 286,314,691 |  |   | Ps | — |   | Ps | 310,797,266 |  | (*) |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dividends paid                                                                      |   |   |   |   |   |   |   | (217,557,173 | ) |   |   |   |   |   | (217,557,173 | ) |   |   | — |   |   | (217,557,173 | ) |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income for the year                                                   |   |   |   |   |   |   |   | 182,700,404 |  |   |   | 55,908,068 |  |   |   | 238,608,472 |  |   |   | — |   |   | 238,608,472 |  |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balances at December 31, 2011                                                       |   | 21,854,275 |  |   |   | 2,628,300 |  |   |   | 221,872,462 |  |   |   | 85,493,528 |  |   |   | 307,365,990 |  |   |   | — |   |   | 331,848,565 |  | (*) |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Dividends paid                                                                      |   |   |   |   |   |   |   | (209,788,242 | ) |   |   |   |   |   | (209,788,242 | ) |   |   | — |   |   | (209,788,242 | ) |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Change in minority interest                                                         |   | — |   |   | — |   |   | — |   |   | — |   |   | — |   |   | 3,099,959 |  |   |   | 3,099,959 |  |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Comprehensive income for the year                                                   |   |   |   |   |   |   |   | 198,768,057 |  |   |   | 67,995,016 |  |   |   | 266,763,073 |  |   |   | — |   |   | 266,763,073 |  |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balances at December 31, 2012                                                       | Ps | 21,854,275 |  |   | Ps | 2,628,300 |  |   | Ps | 210,852,277 |  |   | Ps | 153,488,544 |  |   | Ps | 364,340,821 |  |   | Ps | 3,099,959 |  |   | Ps | 391,923,355 |  | (*) |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The accompanying eighteen notes are an integral part of these financial statements. |   |   |   |   |
|                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (*) Unaudited                                                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

----

|                                                                                     |
|-------------------------------------------------------------------------------------|
|                                                                                     |  |  |  |  |  |  |  |
|                                                                                |   | Year ended |
|                                                                                |   | December 31, |
|                                                                                |   |   |   |   |   |
| Operating activities                                                                |   | 2012 (*) |   |   | 2011 (*) |
|                                                                                |   |   |   |   |   |
| Income before income tax                                                            | Ps | 375,484,749 |  |   |  Ps | 338,243,380 |  |
| Depreciation and amortization                                                       |   | 13,620,259 |  |   |   | 13,333,909 |  |
| Interests gained                                                                    |   | (28,289,378 | ) |   |   | (23,647,675 | ) |
|                                                                                |   |   |   |   |   |
|                                                                                |   | 360,815,630 |  |   |   | 327,929,614 |  |
|                                                                                |   |   |   |   |   |
| Decrease in receivables and other                                                   |   | 35,411,085 |  |   |   | 16,183,390 |  |
| (Increase) decrease in related parties                                              |   | (266,742,248 | ) |   |   | 146,444,313 |  |
| Increase (decrease) in suppliers and other payables                                 |   | 21,578,749 |  |   |   | (185,424,686 | ) |
| Decrease in revenue from future events                                              |   | (9,070,704 | ) |   |   | (2,891,631 | ) |
| Income tax paid                                                                     |   | (119,224,222 | ) |   |   | (103,940,039 | ) |
|                                                                                |   |   |   |   |   |
| Operating activities net cash flow                                                  |   | 22,768,290 |  |   |   | 198,300,961 |  |
|                                                                                |   |   |   |   |   |
| Investing activities                                                                |   |   |   |   |   |
|                                                                                |   |   |   |   |   |
| Investment in property, plant and equipment                                         |   | (18,149,114 | ) |   |   | (20,105,013 | ) |
| Interest collected                                                                  |   | 28,289,378 |  |   |   | 23,647,675 |  |
| Other related                                                                       |   | (19,817,534 | ) |   |   | (7,289,094 | ) |
|                                                                                |   |   |   |   |   |
| Investing activities net cash flow                                                  |   | (9,677,270 | ) |   |   | (3,746,432 | ) |
|                                                                                |   |   |   |   |   |
| Financing activities                                                                |   |   |   |   |   |
|                                                                                |   |   |   |   |   |
| Minority interest                                                                   |   | 3,099,959 |  |   |   | — |  |
| Dividends paid                                                                      |   | (209,788,242 | ) |   |   | (217,557,173 | ) |
|                                                                                |   |   |   |   |   |
| Financing activities net cash                                                       |   | (206,688,283 | ) |   |   | (217,557,173 | ) |
|                                                                                |   |   |   |   |   |
| Net cash decrease and temporary investment                                          |   | (193,597,263 | ) |   |   | (23,002,644 | ) |
|                                                                                |   |   |   |   |   |
| Cash and cash equivalents at beginning of year                                      |   | 507,502,323 |  |   |   | 530,504,967 |  |
|                                                                                |   |   |   |   |   |
| Cash and cash equivalents at end of year                                            | Ps | 313,905,060 |  |   |  Ps | 507,502,323 |  |
|                                                                                |   |   |   |   |   |
| The accompanying eighteen notes are an integral part of these financial statements. |   |   |   |
|                                                                                |   |   |   |   |   |
| (*) Unaudited                                                                       |   |   |   |   |   |

----

----

|    |                                                                                                                        |
|----|------------------------------------------------------------------------------------------------------------------------|
| a. | Ticket sales through automated sales systems for all types of shows, telemarketing services in and out of phone calls. |

|    |                                                                                     |
|----|-------------------------------------------------------------------------------------|
| b. | The marketing database generated by their activities.  VBC is also holding company. |

|                                                 |
|-------------------------------------------------|
|                                                 |  |  |
|                                            | Percentage of |   |
|                                            | holding |   |
| Company                                         | 2012 and 2011 | Main activity |
|                                            |   |   |
| Servicios Especializados para la Venta          | 100% | Provide Administrative, technical, |
| Automatizada de Boletos, S. A. de C. V. (SEVAB) |   | marketing and technology services during the ticket sales. |
|                                            |   |   |
| ETK Boletos, S. A. de C. V.1                    | 72.5% | Automated Ticket sales. |
|                                            |   |   |
| 1    Established on April 9. 2012.              |   |   |

----

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |
|                                          | December 31, |
|                                          |   |   |   |
|                                          | 2012 |   | 2011 |
|                                          | (%) |   | (%) |
|                                          |   |   |   |
| Yearly by inflation                           | 3.57 |  |   | 3.82 |  |
| Cumulative inflation for the last three years | 12.26 |  |   | 15.19 |  |

----

----

|         |                                                                                                                                                                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | MFRS A-7 “Presentation and disclosure”.  It specifies that the key assumptions used at accounting closing should be disclosed in the determination of the accounting estimations involving uncertainties with the risk of significant adjustments in the value of assets or liabilities within the next accounting period. |

|         |                                                                                                                                                                                                                                |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Bulletin B-14 “Earnings per share”.  It is modified so that those entities disclosing earnings per diluted share should still do it, irrespectively of having generated profit or loss from continuing operations. |

|         |                                                                                                                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | MFRS C-1 “Cash and cash equivalents”.  It establishes that the short-term asset should include cash and cash equivalents, unless it usage is restricted to the following twelve months or after its normal business cycle at the date of the financial position statement. |

|         |                                                                                                                                                                                                                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Bulletin C-11 “Capital “Stockholders' equity” and Interpretation to MFRS 3 “Initial application of MFRS”.  It specifies that contributions should be recognized in the income statement as income and not as part of the contributed equity in order to homologate the changes previously made in other MFRS. |

|         |                                                                                                                                                                                                                                                                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Bulletin C-15 “Impairment in the long-lived assets value and their disposal”.  It specifies some of the concepts of long-lived assets intended to be sold, and also highlights that impairment losses in goodwill should not be reversed and establishes the guidelines for the presentation of impairment losses or reversal in the income statement. |

----

----

|    |            |
|----|------------|
| g. | Provisions |

----

----

----

----

|    |                                                                                        |
|----|----------------------------------------------------------------------------------------|
| a. | The figures in this note are stated in U.S. dollars (Dls.), except for exchange rates. |

|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |
|               |   | December 31, |
|               |   |   |   |   |   |
|               |   | 2012 (*) |   |   | 2011 (*) |
|               |   |   |   |   |   |
| Assets             |  Dls. | 326,302 |  |   | Dls. | 134,481 |  |
| Liabilities        |   | (870,227 | ) |   |   | (483,656 | ) |
|               |   |   |   |   |   |
| Net short position | (Dls. | 543,925) |  |   | (Dls. | 349,175) |  |
|               |   |   |   |   |   |
| (*) Unaudited      |   |   |   |   |   |

|    |                                                                                                                                                                                                                              |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| b. | At December 31, 2012 and 2011, the exchange rate was Ps12.97 and Ps13.95 per dollar, respectively.  At the date of issuance of the audited financial statements, the exchange rate was Ps12.78 per US dollar, approximately. |

|    |                                                                                                |
|----|------------------------------------------------------------------------------------------------|
| c. | The most significant foreign currency transactions carried out by the company were as follows: |

|                              |
|------------------------------|
|                              |  |  |  |  |  |  |  |
|                         |   | Year ended |
|                         |   | December 31, |
|                         |   |   |   |   |   |
|                         |   | 2012 (*) |   |   | 2011 (*) |
|                         |   |   |   |   |   |
| Sales                        | Dls. | 337,519 |  |   |  Dls. | 41,757 |  |
| Costs and operating expenses |   | (2,292,285 | ) |   |   | (1,941,724 | ) |
| Royalties cost               |   | (250,000 | ) |   |   | (250,000 | ) |
| Interest income              |   | 3,325 |  |   |   | 6,465 |  |
|                         |   |   |   |   |   |
| (*) Unaudited                |   |   |   |   |   |

----

----

|                                    |
|------------------------------------|
|                                    |  |  |  |  |  |  |  |
|                               |   | Year ended |
|                               |   | December 31, |
|                               |   |   |   |   |   |
|                               |   | 2012(*) |   |   | 2011(*) |
|                               |   |   |   |   |   |
| Cash                               | Ps | 111,000 |  |   | Ps | 112,000 |  |
| Bank deposits                      |   | 10,023,842 |  |   |   | 6,640,318 |  |
| Liquid investments                 |   | 303,770,218 |  |   |   | 500,750,005 |  |
|                               |   |   |   |   |   |
| Total of cash and cash equivalents | Ps | 313,905,060 |  |   | Ps | 507,502,323 |  |

|                                                            |
|------------------------------------------------------------|
|                                                            |  |  |  |  |  |  |  |
|                                                       |   | December 31, |
| Accounts receivable:                                       |   |   |   |   |   |
|                                                       |   | 2012 (*) |   |   | 2011 (*) |
| Affiliate                                                  |   |   |   |   |   |
|                                                       |   |   |   |   |   |
| Operadora de Centros de Espectáculos, S. A. de C. V.  | Ps | 186,256,883 |  |   | Ps | 53,693,505 |  |
| Ocesa Promotora, S. A. de C. V.                            |   | 95,706,331 |  |   |   | 2,615,206 |  |
| Solo Ele-Mentum, S. A. de C. V.                            |   | 38,004,393 |  |   |   | — |
| Futbol del Distrito Federal, S. A. de C. V.                |   | 812,185 |  |   |   | — |
| Administradora Mexicana del Hipódromo, S. A. de C. V. |   | 479,751 |  |   |   | — |
| Televisa, S. A. de C. V.                                   |   | 228,134 |  |   |   | — |
| Servicios Corporativos CIE, S. A. de C. V.                 |   | 203,219 |  |   |   | — |
| Others                                                     |   | 139,042 |  |   |   | 471,525 |  |
|                                                       |   |   |   |   |   |
|                                                       | Ps | 321,829,938 |  |   | Ps | 56,780,236 |  |
| (*) Unaudited                                              |   |   |   |   |   |

----

----

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |
|                                                          |   | December 31, |
| Accounts payable:                                             |   |   |   |   |   |
|                                                          |   | 2012 (*) |   |   | 2011 (*) |
| Affiliate                                                     |   |   |   |   |   |
|                                                          |   |   |   |   |   |
| Make Pro, S. A. de C. V. 1                                    | Ps | 2,239,738 |  |   | Ps | 4,640,000 |  |
| Servicios Administrativos del Entretenimiento, S. A. de C. V. |   | 1,947,241 |  |   |   | 858,347 |  |
| Needish México, S. A. de C. V.                           |   | 922,699 |  |   |   | — |
| TicketMaster LLC CA                                           |   | 108,084 |  |   |   | 108,648 |  |
| Servicios Compartidos en Alta Dirección, S. A. de C. V.  |   | 23,523 |  |   |   | 79,277 |  |
| CIE Servicios Profesionales, S. A. de C. V.                   |   | 1,264 |  |   |   | — |
| Administradora Mexicana del Hipódromo, S. A. de C. V.    |   | — |   |   | 1,105,480 |  |
| Others                                                        |   | — |   |   | 143,343 |  |
|                                                          |   |   |   |   |   |
|                                                          | Ps | 5,242,549 |  |   | Ps | 6,935,095 |  |
|                                                          |   |   |   |   |   |
| 1  Corresponds to the bank to redeem outstanding tickets.     |   |   |   |   |   |
|                                                          |   |   |   |   |   |
| (*) Unaudited                                                 |   |   |   |   |   |

|                                                   |
|---------------------------------------------------|
|                                                   |  |  |  |  |  |  |  |
| Income from affiliated companies for:             |   | 2012 (*) |   |   | 2011 (*) |
|                                              |   |   |   |   |   |
| Commissions and charges from ticket sales         | Ps | 38,561,577 |  |   | Ps | 48,411,733 |  |
| Sponsorship income                                |   | 46,115,108 |  |   |   | 23,354,476 |  |
| Equipment leasing                                 |   | 1,192,281 |  |   |   | 2,405,386 |  |
| Interest                                          |   | 20,794,221 |  |   |   | 7,545,508 |  |
| Other income                                      |   | 477,697 |  |   |   | 84,992 |  |
|                                              |   |   |   |   |   |
| Costs and expenses with affiliated companies for: |   |   |   |   |   |
| Personnel, administrative and security services   | (Ps |  33,562,128) |  |   | (Ps |  49,397,065) |  |
| Corporate fees                                    |   | (7,011,551 | ) |   |   | (6,266,171 | ) |
| Lease of properties                               |   | (5,457,437 | ) |   |   | (8,761,057 | ) |
| Advertising commissions                           |   | (2,524,699 | ) |   |   | (3,325,698 | ) |
| Other expenses                                    |   | (1,477,035 | ) |   |   | (2,338,810 | ) |
| Network services                                  |   | (600,638 | ) |   |   | (555,192 | ) |
|                                              |   |   |   |   |   |
| Stockholders cost:                                |   |   |   |   |   |
|                                              |   |   |   |   |   |
| Royalties paid                                    |   | (3,318,462 | ) |   |   | (3,115,308 | ) |
| Other                                             |   | (5,043,526 | ) |   |   | (3,449,447 | ) |
|                                              |   |   |   |   |   |
| (*) Unaudited                                     |   |   |   |   |   |

----

----

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |
|                                      |   |   |   |   |   |   | Annual |
|                                      |   | December 31, |   | depreciation |
|                                      |   |   |   |   |   |   | or amortization |
|                                      |   | 2012 (*) |   |   | 2011 (*) |   | rate (%) |
|                                      |   |   |   |   |   |   |   |
| Computer and peripheral equipment         | Ps | 138,507,208 |  |   | Ps | 123,815,213 |  |   | 30 |
| Telephone equipment                       |   | 10,970,794 |  |   |   | 10,970,794 |  |   | 10 |
| Furniture and equipment                   |   | 10,447,002 |  |   |   | 10,215,458 |  |   | 10 |
| Radio and communication equipment         |   | 742,515 |  |   |   | 742,515 |  |   | 10 |
| Transportation equipment                  |   | 3,131,898 |  |   |   | 2,729,508 |  |   | 25 |
|                                      |   |   |   |   |   |   |   |
|                                      |   | 163,799,417 |  |   |   | 148,473,488 |  |   |   |
| Accumulated depreciation and amortization |   | (127,622,491 | ) |   |   | (117,726,302 | ) |   |   |
|                                      |   |   |   |   |   |   |   |
|                                      | Ps | 36,176,926 |  |   | Ps | 30,747,186 |  |   |   |
| (*) Unaudited                             |   |   |   |   |   |   |   |

|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |  |  |  |  |  |
| Intangible assets                                           |   | 2012 (*) |   |   | 2011 (*) |
|                                                        |   |   |   |   |   |
| Access to property ticket sales (stadium March 3, concerts, |   |   |   |   |   |
| bullring and others)                                        | Ps | 22,010,648 |  |   | Ps | 16,621,507 |  |
| E-Ticket Brand                                              |   | 1,900,100 |  |   |   | — |
| Software EDB-Ticket                                         |   | 6,650,300 |  |   |   | — |
| Non-compete agreement - ETK boletos                         |   | 5,600,000 |  |   |   | — |
|                                                        |   |   |   |   |   |
|                                                        |   | 36,161,048 |  |   |   | 16,621,507 |  |
|                                                        |   |   |   |   |   |
| Other assets                                                |   | 15,131,886 |  |   |   | 15,754,778 |  |
|                                                        |   |   |   |   |   |
| Intangible assets                                           | Ps | 51,292,934 |  |   | Ps | 32,376,285 |  |
|                                                        |   |   |   |   |   |
| (*) Unaudited                                               |   |   |   |   |   |

----

----

|                   |
|-------------------|
|                   |  |  |  |  |  |  |  |
|              |   | 2012 (*) |   |   | 2011 (*) |
|              |   |   |   |   |   |
| Beginning balance | Ps | 23,952,990 |  |   | Ps | 2,825,905 |  |
|              |   |   |   |   |   |
| Increases         |   | 18,176,769 |  |   |   | 23,952,990 |  |
| Applications      |   | (23,125,763 | ) |   |   | (2,825,905 | ) |
| Cancellations     |   | (827,227 | ) |   |   | — |
|              |   |   |   |   |   |
| Ending balance    | Ps | 18,176,769 |  |   | Ps | 23,952,990 |  |

|            |
|------------|
|            |  |  |  |  |  |  |  |
| Number of  |   |   |   |   |   |
| shares     |   | Description |   |   |  Amount |
|       |   |   |   |   |   |
| 17,975     |  |   | “A“ shares, serial representing the minimum |   | Ps | 17,975 |  |
|       |   | fixed capital stock, without the right to |   |   |   |
|       |   | withdrawal |   |   |   |
|       |   |   |   |   |   |
| 32,025     |  |   | “B“ shares, serial representing the minimum |   |   | 32,025 |  |
|       |   | fixed capital stock, without the right to |   |   |   |
|       |   | withdrawal |   |   |   |
|       |   |   |   |   |   |
| 50,000     |  |   | Subtotal |   |   | 50,000 |  |
|       |   |   |   |   |   |
| 10,529,241 |  |   | “A“ shares, serial representing the variable |   |   | 10,529,241 |  |
|       |   | portion of capital stock, with an unlimited |   |   |   |
|       |   | maximum |   |   |   |
|       |   |   |   |   |   |
| 4,095,148  |  |   | Serial “A-1“ share, serial representing the |   |   |   |
|       |   | variable portion of capital stock, with an |   |   |   |
|       |   | unlimited maximum |   |   | 4,095,148 |  |
|       |   |   |   |   |   |
| 7,179,886  |  |   | “B“ shares, serial representing the variable |   |   |   |
|       |   | portion of capital stock, with an unlimited |   |   |   |
|       |   | maximum |   |   | 7,179,886 |  |
|       |   |   |   |   |   |
| 21,854,275 |  |   | Capital stock |   | Ps | 21,854,275 (*) |  |

----

----

|                      |
|----------------------|
|                      |  |  |  |  |  |  |  |
| Revenue:             |   | 2012 (*) |   |   | 2011 (*) |
|                 |   |   |   |   |   |
| Internal charges     | Ps | 420,907,764 |  |   | Ps | 413,788,038 |  |
| Entertainment guide  |   | 104,421,860 |  |   |   | 58,694,077 |  |
| Credit card recovery |   | 63,925,551 |  |   |   | 67,470,483 |  |
| Advertising          |   | 48,673,663 |  |   |   | 32,984,310 |  |
| Others               |   | 9,627,274 |  |   |   | 14,145,620 |  |
|                 |   |   |   |   |   |
|                 | Ps | 647,556,112 |  |   | Ps | 587,082,528 |  |
| (*) Unaudited        |   |   |   |   |   |

----

----

|                         |
|-------------------------|
|                         |  |  |  |  |  |  |  |
| Costs:                  |   | 2012 (*) |   |   | 2011 (*) |
|                    |   |   |   |   |   |
| Commissions             |  (Ps |  89,767,670) |  |   |  (Ps |  72,299,143) |  |
| Entertainment guide     |   | (38,468,155 | ) |   |   | (48,076,756 | ) |
| Administrative services |   | (11,877,803 | ) |   |   | (8,165,959 | ) |
| Computing               |   | (9,567,919 | ) |   |   | (2,675,239 | ) |
| Tickets                 |   | (9,477,623 | ) |   |   | (12,366,465 | ) |
| Other costs             |   | (7,919,147 | ) |   |   | (16,229,294 | ) |
| Advertising             |   | (7,673,666 | ) |   |   | (16,030,010 | ) |
| Non-capital assets      |   | (6,991,675 | ) |   |   | (1,304,854 | ) |
| Amortization            |   | (4,610,859 | ) |   |   | — |
| Professional services   |   | (4,260,955 | ) |   |   | (242,164 | ) |
| Royalties               |   | (3,322,462 | ) |   |   | (3,115,308 | ) |
| Lease                   |   | (2,224,092 | ) |   |   | (6,400 | ) |
| Maintenance             |   | (1,622,306 | ) |   |   | (155,004 | ) |
| Production              |   | (402,360 | ) |   |   | (409,555 | ) |
|                    |   |   |   |   |   |
|                    |  (Ps | 198,186,692) |  |   |  (Ps | 181,076,151) |  |
| Expenses:               |   |   |   |   |   |
|                    |   |   |   |   |   |
| Administrative services |  (Ps |  54,848,645) |  |   |  (Ps |  40,765,291) |  |
| Lease                   |   | (10,447,152 | ) |   |   | (10,081,222 | ) |
| Others expenses         |   | (10,293,674 | ) |   |   | (11,783,606 | ) |
| Corporative share       |   | (6,561,550 | ) |   |   | (6,266,171 | ) |
| Professional services   |   | (861,589 | ) |   |   | (1,955,935 | ) |
| Computing               |   | (710,737 | ) |   |   | (550,607 | ) |
| Amortization            |   | — |  |   |   | (2,328,620 | ) |
|                    |   |   |   |   |   |
|                    |  (Ps |  83,723,347) |  |   |  (Ps |  73,731,452) |  |
|                    |   |   |   |   |   |
| Depreciation            |  (Ps |  13,620,259) |  |   |  (Ps |  11,005,289) |  |
|                    |   |   |   |   |   |
|                    |  (Ps |  97,343,606) |  |   |  (Ps |  84,736,741) |  |
|                    |   |   |   |   |   |
| (*) Unaudited           |   |   |   |   |   |

----

----

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |
|                                      |   | Year ended |
|                                      |   | December 31, |
|                                      |   |   |   |   |   |
|                                      |   | 2012 (*) |   |   |  2011 (*) |
|                                      |   |   |   |   |   |
| Discounts application Aeromexico/Interjet |  (Ps |  672,246) |  |   |  (Ps |  2,384,980) |  |
| Accounts clean up                         |   | (3,889,032 | ) |   |   | (5,045,409 | ) |
| Tax return application                    |   | (366,806 | ) |   |   | — |
| Others                                    |   | 30,740 |  |   |   | 92,902 |  |
|                                      |   |   |   |   |   |
|                                      |  (Ps | 4,897,344) |  |   |  (Ps | 7,337,487) |  |
| (*) Unaudited                             |   |   |   |   |   |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| i. | In 2012, VBC, SEVAB and ETK determined a taxable income of Ps262,937,132, Ps76,893,926 and Ps1,271,472, respectively and in 2011 taxable income of Ps276,862,025 (VBC) and Ps78,223,576 (SEVAB), which exceeds in the case of VBC the determined for Flat Tax purposes, (ETK is an entity created in 2012).  The tax result differs from the accounting result, mainly in such items that during time are accumulated and deducted differently for accounting and tax purposes, by the recognition of the inflation effects for tax purposes, as well as in such items only affecting either the accounting or tax result. |

|     |                                                                                                                                                                                                      |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ii. | Based on its financial and tax projections, the Company’s management determined that the tax to be paid in the future will be the Income tax, therefore it has recognized deferred Income Tax. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| iii. | On December 17, 2012 in the Revenue Act for 2013 it was published that the income tax rate for 2013, according to Article 21, Section I, paragraph 6, establish that the income tax rate applicable to the year 2013 will be 30%, for 2014 will be 29% and as of 2015 it will be 28%.  Also, as provided by section II, paragraph 2, eliminate the possibility of using credits for the excess of deductions on taxable income for Flat tax purposes (credit of tax loss of flat tax) in order to reduce the Income tax to be paid while could be credited against the Flat tax base. |

----

----

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |
|                                       |   | Year ended |
|                                       |   | December 31, |
|                                       |   |   |   |   |   |
|                                       |   | 2012 (*) |   |   | 2011 (*) |
|                                       |   |   |   |   |   |
| Income before income tax provisions        | Ps | 375,891,633 |  |   | Ps | 338,243,380 |  |
|                                       |   |   |   |   |   |
| Statutory income tax rate                  |   | 30 | % |   |   | 30 | % |
|                                       |   |   |   |   |   |
| Income tax at statutory rate               |   | 112,767,490 |  |   |   | 101,473,014 |  |
|                                       |   |   |   |   |   |
| Plus (less) effect of the income tax on:   |   |   |   |   |   |
| Inflation                                  |   | (3,392,111 | ) |   |   | (2,471,988 | ) |
| Nondeductible expenses or (taxable income) |   | 1,572,046 |  |   |   | 2,364,082 |  |
| Other items                                |   | (2,225,749 | ) |   |   | (1,730,200 | ) |
|                                       |   |   |   |   |   |
| Maximum charge to income for income tax    | Ps | 108,721,676 |  |   | Ps | 99,634,908 |  |
|                                       |   |   |   |   |   |
| Effective income tax rate                  |   | 29 | % |   |   | 29 | % |
|                                       |   |   |   |   |   |
| (*) Unaudited                              |   |   |   |   |   |

|                                       |
|---------------------------------------|
|                                       |  |  |  |  |  |  |  |
|                                  |   | December 31, |
|                                  |   |   |   |   |   |
|                                  |   | 2012 (*) |   |   | 2011 (*) |
|                                  |   |   |   |   |   |
| Costs of future events                | (Ps | 10,790,570) |  |   | (Ps | 13,198,417) |  |
| Expenses to amortize                  |   | (17,052,821 | ) |   |   | (3,119,400 | ) |
| Furniture and equipment               |   | 2,249,904 |  |   |   | 278,038 |  |
| Revenue of future events - Net        |   | 2,999,863 |  |   |   | 12,070,566 |  |
| Liability provisions and estimations  |   | 19,613,233 |  |   |   | 22,989,560 |  |
| Allowance for doubtful accounts       |   | 697,680 |  |   |   | — |
|                                  |   |   |   |   |   |
|                                  |   | (2,282,711 | ) |   |   | 19,020,347 |  |
| Income tax rate                       |   | 30 | % |   |   | 30 | % |
|                                  |   |   |   |   |   |
| Deferred income tax (liability) asset | (Ps | 684,813) |  |   | Ps | 5,706,104 |  |
|                                  |   |   |   |   |   |
| (*) Unaudited                         |   |   |   |   |   |

----

----

|    |           |
|----|-----------|
| b. | Flat Tax: |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| i. | In 2012 and 2011, VBC and SEVAB determined a tax profit of Ps299,537,378 and Ps347,429,864, respectively and ETK determined a tax loss of Ps9,129,468.  The result differs from the accounting result mainly because, for accounting purposes, the transactions are recognized on the basis of the accrued while for tax purposes, these are recognized on the basis of the cash flow and for such items only affecting the accounting or tax result of the year. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ii. | Flat Tax of the 2012 and 2011 is calculated at the 17.5% rate on the profit determined with base on the cash flows, such net income represents the difference between the total income collected by taxable activities, less the authorized tax deductions.  In addition, it is also allowed to reduce this amount with the Flat tax credits, based on the procedures established in the effective law and the rate change effect of temporary differences has been recognized in previous periods. |

|      |                                                                                                                     |
|------|---------------------------------------------------------------------------------------------------------------------|
| iii. | According with the effective tax law, the Company must pay annually the higher tax between Income tax and Flat tax. |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| a. | The company signed an agreement with an affiliated company for the use of office space, and for providing certain cleaning and security services at said spaces located within the premises of the “Palacio de los Deportes“ in Mexico City.  This agreement grants the company use of the facilities it uses as office space and its call center in this city.  The company pays to OCESA a monthly fixed fee.  In addition, VBC has signed a lease agreement with an individual, (which will expire on August 19, 2013) involving a building located in the city of Guadalajara, Jalisco, to house its offices in that city.  VBC pays a fixed fee for this building lease which annually increases based on the NCPI. |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| b. | “Offices: Servicios Especializados para la Venta Automática de Boletos, S. A. de C. V. (SEVAB) has signed agreements with OCESA, an affiliated company, for the use of space and to the provision of certain cleaning and security services in these areas located inside the Palacio de los Deportes, Mexico City. This agreement gives SEVAB use of facilities used to their offices.  OCESA SEVAB paid monthly to a fixed amount”. |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| c. | As part of its daily business activities, VBC is engaged in the distribution and sale of tickets to certain artistic events to be conducted in the immediately following year.  In this regard, certain amounts are received from third parties for the purchase of tickets to said events.  The Company holds these amounts in cash, so that if the events in question are not held, the amounts should be returned in accordance with the applicable legal provisions.  At December 31, 2012 and 2011, cash and cash equivalents included deposits totaling Ps313,692,752 and Ps292,406,727, respectively, received from said third parties for the eventual acquisition of tickets. |

|    |                                                                                                                                                                                                                                                    |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| d. | Ticketmaster Brand Name and System.  The company entered into license agreements (expiring on March 31, 2015) with Ticketmaster Corporation for use of the TicketMaster brand names and system, paying a fixed royalty fee denominated in dollars. |

----

----

|    |                                                                                                                                                                                                                                                                                                                                  |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| a. | Under the provisions of the Income Tax Law, parties carrying out operations with related parties, either resident in Mexico or abroad, are subject to tax limitations and obligations as the determination of transfer prices concerns, which must be similar to those agreed with unrelated parties in comparable transactions. |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| b. | VBC regularly contracts the services of specialists in areas such as security, cleaning, access control, production, mounting, assembling and other similar services required to conduct its business activities.  Under the provisions of the labor legislation and recent amendments thereto on the subject of social security, some of the contractors or workers of these service providers may take steps for VBC to be considered the beneficiary of those services or responsible for possible related contingencies. |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| c. | VBC filed a request with the Mexican Industrial Property Institute (MIPI) for a declaration of the infractions committed by Wal-Mart de México, S .A. B. de C. V. (“Wal-Mart“), for improper use of the “La Guía de Entretenimiento“ brand owned by VBC.   In its counterclaim, Wal-Mart requested that VBC’s brand be declared invalid.   The authorities declared VBC’s requested as well-grounded and determined that Wal-Mart had committed the infractions in question, and imposed a fine of 2,500 days minimum salary in effect in Federal District, and dismissed Wal-Mart’s request for VCB’s brand to be declared invalid.  Said authorization was challenged by Wal-Mart at the Federal Tax Courts.  The authorities have not yet issued the corresponding closing instruction or started the analysis of the matter at hand.  In the opinion of VCB’s advisors, the authorities may confirm the resolution contested by Wal-Mart, and the latter could be fined for improper use of the brand. |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| d. | VBC requested that the infractions be declared against Wal-Mart, for improper use of the reservation of rights to the “La Guía de Entretenimiento“, in the following genres: Periodic publications, qualifying as a guide, to which Wal-Mart responded by filing a request for statement of administrative action for nullity of VBC’s reservation of rights.  The National Copyrights Institute (“INDAUTOR“) ruled in favor of VBC and dismissed Wal-Mart’s counterclaim.  This resolution was contested by Wal-Mart at the Federal Tax Courts, proceedings of which VBC is a party, as aggrieved third party, and whose instruction period is soon to be concluded.  In the opinion of VCB’s advisors, the authorities may confirm the resolution contested by Wal-Mart, and the latter could be fined for improper use of VBC’s reservation of rights. |

----

----

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| e. | On November 22, 2010, VBC contested the April 19, 2010 resolution, whereby INDAUTOR dismissed the action for renewal of the reservation of rights for exclusive use of the “La Guía de Entretenimiento“ Title, in the magazine genre, against which VBC filed an appeal at the Federal Tax Courts.  This proceeding is currently in the pleadings phase.   In the opinion of VBC’s advisors, the authorities may possibly demand that INDAUTOR renew said registration.  However, as a preventive measure, VBC has obtained a new registration for said publications, which is currently in effect. |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| f. | On 22 June 2012 the Directorate of Advertising and Standards PROFECO to OCESA information required for his alleged role in the violation of various rules generated by the sale of tickets for public performances through the internet portal www.ticketbis.com OCESA mx relief such request the July 6, 2012, stating that the probable cause of the offending behavior was the company Evandti, S. A. de  C. V., internet portal operator ticketBis, who was notified and called in September 2012, so that in the opinion of outside counsel OCESA, this shall be released from any liability for the actions of third parties. |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| g. | On May 14, 2012 Computer Ticketing, S. A. de C. V. (“VBC”) query submitted to the Municipal Treasurer of the Municipality of Zapopan seeking reassurance that it should not pay tax on Public Entertainment government by Municipal Finance Act of the State of Jalisco therefore are not applicable to the Articles 13 (fraction I) and 50 of the Revenue Act of Zapopan, Jalisco for fiscal 2012 as well as the diverse 131 Bis-A of the Municipal Finance Act of the State of Jalisco, arising from the fact that dedicated to the issue of electronic ticketing but not the exploitation of public entertainment. |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| h. | On August 15, 2012, Computer-Ticket, S. A. de C. V. (“VBC”) promoted judicial review to the General Procedures of the Federal Consumer Protection “PROFECO” against the decision dated July 24, 2012 through which sanctioned for alleged VBC violation of Article 10 of the Federal Consumer Protection to consider that some practices in the marketing and sale of services termed as “The Guide consists of an unfair practice for the consumer, the resolution was unfavorable PROFECO VBC, so the same is challenged and is pending that have a favorable outcome to it. |

----

----

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| i. | VBC and its subsidiaries regularly hire service providers specializing in safety, cleanliness, access control, production, assembly and the like to develop their events and activities held multiple contracts with third parties undertake to developed activities for the Company and its subsidiaries.  Under labor law and recent changes in legislation in social security, the possibility exists that some subcontractors or employees of these providers or third parties seeking to exert further actions to which the Company and its subsidiaries they be considered beneficiaries of their services or are responsible for possible contingencies in such matters. |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| j. | To date, the VBC and its subsidiaries, are part of seven working procedures, which were alleged to be potential beneficiaries of the services of the actors in such proceedings instituted against various service providers or individuals and/or entities with whom the Company does business, they have concluded with this and/or subsidiaries treatment in which it is shown that there is no employment relationship between subcontractors and/or employees of these providers have committed (and in most cases guaranteed) to get to the Company in peace and balance and compensate for any liability that is, therefore, in accordance with labor consultants of the Company, is not adequate to address book amounts to these actions which are the responsibility of the third. |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| k. | VBC and its subsidiaries are regularly called by the Federal Consumer when consumers of their services do not consider the conditions in which they are offered and complain to this office.  Currently there are 11 processing complaints conciliation stage, so that makes the procedures followed in the Federal Court of Fiscal and Administrative Justice has eleven pending sentencing procedures, six in expanding demand, claim stage three, eight on defense and five on admission of the complaint.  To date, the Company has not suffered any detriment by these complaints and regularly acquitted of consumer claims, and otherwise not subject to arbitration before this authority, which is optional, whereupon the consumers would have to present its case before a civil court, which has not happened at any time in the past. |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| l. | According to the agreements of the shareholders of the Company0s American Entertainment Corporation, S. A. B. de C. V. (“CIE”), is responsible for dealing with, any contingency that is filed against the Company and its subsidiaries which has arisen from acts prior to October 18, 2012, forcing CIE to defend, indemnity and if take out harmless the Company(including the obligation to pay any amount that has to be done is payable by a penalty), so the Company has no record of such procedures, substance directly to CIE by the agreement. |

----

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | MFRS C- 5 “Advanced payments”, Bulletin C-9 “Liabilities, provisions, contingent assets and liabilities and commitments” and Bulletin C-12 “Financial instruments with characteristics of liabilities, equity or both”. It establishes that obligations issuance costs should be presented as a reduction in the corresponding liability and should be applied to profit and loss based on the effective equity method considering the period where the obligations are outstanding. |

|         |                                                                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | MFRS D-4 “Income tax”.  It specifies how the recognition of current and deferred taxes related to transactions or events that do not pass through the income statement should be done. |

|         |                                                                                                                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Bulletin D-5 “Leasing”.  It establishes the direct initial costs should be deferred during the leasing period and applied to income in proportion to the recognition of relative expenditures. |

----

----

|         |                                                                                                                                                                                                                                                                                                                                               |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | MFRS A-1 “Structure of financial reporting standards” and Bulletin C-9 “Liabilities, provisions, contingent assets and liabilities and commitments”.  It specifies the meaning of likely mentioned that is when there is certainty that the future event will occur based on information, evidence or data available. |

|         |                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------|
| • | MFRS B-3 “Comprehensive income statement”.  It removes the references to other income and expenses mentioned in the Appendixes. |

|         |                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------|
| • | MFRS B-7 “Business acquisitions”.  It removes the concept of non-ordinary items from the comprehensive income statement |

|         |                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------|
| • | Bulletin B-14 “Earnings per share”.  It specifies the determination of ordinary shares potentially dilutive in interim periods. |

|         |                                                                                                                                                                   |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | MFRS B-15 “Translation of foreign currencies”.  It specifies the presentation of cumulative translation adjustment associated with non-participation. |

|         |                                                                                                                                                                                                                                                     |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Bulletin C-15 “Impairment in the long-lived assets value and their disposal”.  It modifies the Bulletin  C-15 in order to include in the impairment indicators the potential impact of a significant increase in market interest rates. |

----

----

|    |                                    |
|----|------------------------------------|
| I. | Differences in measurement methods |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| a. | Inflation as from December 31, 2007, inflation accounting was discontinued. The following reconciliation does not include the reversal of the adjustments to the consolidated financial statements for the effects of inflation, because, as permitted by the SEC, it represents a comprehensive measure of the effects of price-level changes in the Mexican economy, and as such, is considered a more meaningful presentation than historical cost-based financial reporting for both MFRS and U.S. GAAP. |

|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| b. | The company provides financing to related parties and interest is determined by using the nominal interest rate as required by MFRS. In accordance with ASC 470 “Debt” the borrower's periodic interest cost shall be determined by using the effective interest method based on the estimated outstanding term of the debt. The effective interest rate used for calculating amortization under the effective interest method generally discounts contractual cash flows through the contractual life of the instrument and amortized over the contractual or expected life. |

|     |                                |
|-----|--------------------------------|
| II. | Additional accounting policies |

|    |               |
|----|---------------|
| a. | Consolidation |

----

----

|    |                                       |
|----|---------------------------------------|
| b. | Accounts receivables for ticket sales |

|    |                                      |
|----|--------------------------------------|
| c. | Furniture and Equipment - Impairment |

----

----

|    |             |
|----|-------------|
| d. | Intangibles |

|    |                                                                                                                                                                                                                                                                                                     |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| i. | Definite-lived: are those which expected future economic benefits is limited by any legal or economic condition and are amortized on a straight line basis, based on the best estimate of their useful life and are subject to annual impairment testing when impairment indicators are identified. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ii. | Indefinite-lived assets are not amortized but are subject to annual impairment assessment. Depending on facts and circumstances, qualitative factors may first be assessed to determine whether the existence of events and circumstances indicate that it is more likely than not that an indefinite-lived intangible asset is impaired. If it is concluded that it is more likely than not impaired, then the Company performs a quantitative impairment test by comparing the fair value with the carrying amount. |

----

----

|    |                            |
|----|----------------------------|
| a. | Revenue from future events |

|    |                                          |
|----|------------------------------------------|
| b. | Revenue from commissions on ticket sales |

|    |                                  |
|----|----------------------------------|
| c. | Revenue recognition for services |

----

----