Homex Announces Appointment of Mr. Rafael Matute to the Board of Directors

CULIACAN, Mexico, Oct. 10 /PRNewswire-FirstCall/ -- Desarrolladora Homex, S.A.B. de C.V. (Homex or the Company) (BMV: HOMEX], today announced that Mr. Rafael Matute has been appointed to the Company's Board of Directors. Homex's Corporate Governance and Compensation Committee unanimously agreed to formally invite Mr. Matute to join the Board during its session held in April 2006. Mr. Matute became the Board's tenth member effective today.

Mr. Rafael Matute is the Executive Vice-President and Chief Financial Officer of Wal-Mart de Mexico and has been a member of Wal-Mart de Mexico's Board of Directors since 1998. Commenting on the election, Mr. Eustaquio de Nicolas, Chairman of the Board of Homex, stated, "We are pleased that Rafael Matute has joined our Board. We are confident that Mr. Matute's broad business and financial markets expertise, as well as his counsel, judgment and independence, will prove invaluable as we continue to expand Homex."

About Homex

Desarrolladora Homex, S.A.B. de C.V. is a leading, vertically-integrated home development company focused on affordable entry-level and middle-income housing in Mexico. It is one of the most geographically diverse home builders in the country. Homex has a leading position in the top four markets in Mexico and is the largest homebuilder in Mexico based on the number of homes sold and net income.

For additional corporate information, please visit the Company's web site at: http://www.homex.com.mx/