May 16, 2012

Milbank Represents Mexican Bank Banca Mifel in $150 Million Rule 144A/Regulation S Debt Offering

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FOR IMMEDIATE RELEASE

Milbank advises Banca Mifel in sale of ten-year fixed rate cumulative subordinated preferred notes

NEW YORK, May 16, 2012 – Milbank, Tweed, Hadley & McCloy LLP served as legal advisor to Banca Mifel, S.A., Institución de Banca Múltiple, Grupo Financiero Mifel (“Banca Mifel”) in connection with its offering of $150 million aggregate principal amount of its 9.750% Fixed Rate Cumulative Subordinated Preferred Notes.

Banca Mifel will apply the proceeds of the issuance to redeem its outstanding 11.00% Perpetual Non-Cumulative Subordinated Non-Preferred Callable Notes on the earliest date permitted, which is July 25, 2012 (the “Existing Notes”). The remaining proceeds will be used for general corporate purposes, including providing additional long-term capital to fund the opening of new branches, supporting lending portfolio growth and increasing base capital.

According to Marcelo Mottesi, the head of Milbank’s Global Securities Group, “Milbank has had a very strong practice in Mexico for decades, and this transaction is the latest. We continue to be extremely busy in Mexico across many practice areas, and expect that to continue in the future.”

The Milbank deal team included Marcelo Mottesi, head of the firm’s Global Securities Group, along with Securities senior associate Ana Bast and international attorney Hernando Becerra.

About Milbank

Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm providing innovative legal solutions to clients throughout the world for more than 140 years. Milbank is headquartered in New York and has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, São Paulo, Singapore, Tokyo and Washington, DC.

The firm’s lawyers provide a full range of legal services to the world’s leading commercial, financial and industrial enterprises, as well as to institutions, individuals and governments. Milbank’s lawyers meet the needs of our clients by offering a highly integrated and collaborative range of services across key practice groups throughout our global network. Milbank’s integrated practice is underpinned by our attorneys’ acknowledged technical excellence, sectoral expertise and a strong tradition of innovation and client service.