InverCap S.A. de C.V.

completed

Summary Of Project Information (SPI)Project NameMexico - InvercapRegionLatin America and CaribbeanSectorProject No009703Projected Board DateNovember 29, 1999 Company NameInvercap, S.A. de C.V.Technical Partner and/or Major Shareholders Invercap is privately held by a group of Mexican investors. Its largest shareholder is founder and CEO Cesar Montemayor.Project Cost Including Proposed IFC Investment US$1 million IFC equity investment.Location of Project and Description of Site Invercap''s headquarters are in Monterrey, Mexico.Description of Company and Purpose of Project Invercap is one of eight independent mutual fund operating companies in Mexico. It was founded in 1997, and manages several mutual funds offered to Mexican investors The project consists of an IFC equity investment to support Invercap''s development and expansion. By supporting an independent Mexican mutual fund company, IFC will help address the need to mobilize household savings in Mexico, giving middle-class households better access to capital markets.Environmental Category and Issues This is a Category C project according to IFC''s environmental review procedure. No further environmental review is required.Date SPI sent to InfoShop October 25, 1999     “This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporation’s Board of Directors. It is provided for the purpose of enhancing the transparency of IFC’s activities and should not be construed as presuming the outcome of IFC Board consideration.”For Additional Information contact: Corporate Relations Unit -telephone: (202) 473-7711facsimile: (202) 974-4384