ICA's Board of Directors Ratifies Luis Zarate as the Company's Chief Executive Officer

MEXICO CITY, Feb. 29, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.AB. de C.V. (BMV:ICA) (NYSE:ICA), the largest infrastructure and construction company in Mexico, announced that its Board of Directors unanimously approved Luis Zarate Rocha as ICA's new Chief Executive Officer. This action formalizes the nomination of Mr. Zarate, which was announced last week.

Mr. Zarate will lead ICA's operations, while Deputy CEO Alfonso González Migoya and Chief Restructuring Officer Guadalupe Phillips Margain will concentrate on the restructuring of the Company.

Such forward-looking statements are subject to various risks and uncertainties and may differ materially from actual results or events due to important factors such as changes in general economic, business or political or other conditions in Mexico, Latin America or elsewhere, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, changes in tax and other laws affecting ICA's businesses, increased costs, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms and other factors set forth in ICA's most recent filing on Form 20-F and in any filing or submission ICA has made with the SEC subsequent to its most recent filing on Form 20-F. All forward-looking statements are based on information available to ICA on the date hereof, and ICA assumes no obligation to update such statements.

Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA carries out large-scale civil and industrial construction projects and operates a portfolio of long-term assets, including airports, toll roads, water systems, and real estate. Founded in 1947, lCA is listed on the Mexican and New York Stock exchanges. For more information, visit ir.ica.mx.

For more information, please contact:

Gabriela Orozco
gabriela.orozco@ica.mx

Christianne Ibánez   
christianne.ibanez@ica.mx

relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3012  

Pablo Garcia 
Chief Financial Officer
pablo.garcia@ica.mx

In the US:
Daniel Wilson, Zemi Communications
 +(1212) 689 9560
dbmwilson@zemi.com