Grupo Radio Centro Announces Extraordinary General Shareholders Meeting

Grupo Radio Centro Announces Extraordinary General Shareholders Meeting

MEXICO CITY, July 19 /PRNewswire-FirstCall/ -- Grupo Radio Centro, S.A. de C.V. (NYSE:RC) (BMV: RCENTRO-A) ("Grupo Radio Centro" or the "Company"), Mexico's leading radio broadcasting company, announced that by resolution of the Board of Directors, the shareholders of Grupo Radio Centro, S.A. de C.V. are called to an extraordinary general meeting of shareholders, which shall be held at 10:00 a.m. on July 31, 2006, at the company's headquarters located at Avenida Constituyentes 1154, Colonia Lomas Altas, 11950 Mexico, F.D., to discuss the following matters:

I. Reform of the corporate bylaws so that they comply with the
applicable provisions of the securities market law published in
the Diario Oficial de la Federacion (Official Gazette) on
December 31, 2005, and discussion and approval of the reforms.

II. Discussion and approval of a reduction in the fixed capital
stock of the company and, consequently, modification of the
Seventh Clause of the corporate bylaws.

III. Appointment of delegates to execute and formalize the
resolutions adopted in the meeting.

Requirements for Attendance:

Pursuant to the provisions of the corporate bylaws, for attendance at the meeting, the company will only acknowledge as shareholders those people whose names are recorded in the shareholders' registry, or who prove their capacity as shareholders by complying with the provisions of Article 49 of the Mexican Securities Market Law, who must collect the corresponding admission ticket on business days and during business hours, by no later than three (3) calendar days prior to the date set for holding the meeting, at the company's offices located at Avenida Constituyentes 1154, 7th Floor, Colonia Lomas Altas, 11950 Mexico, F.D. (to the attention either of Alvaro Fajardo de la Mora, Esq., or Adolfo Acosta Noriega, Esq.). Any shareholder may be represented in the meeting by such proxy as is designated through an unrecorded proxy letter. Such proxy shall be proved at the time the admission ticket is requested. For purposes of the provisions of Mexican Securities Market Law Article 49, Section III, please note that the proxy form by which brokers may prove their agency to the meeting are available to them and shareholders at the company's offices. The documents cited in the order of the day are available to shareholders, on business days during business hours, at the domicile of the aforementioned company, from the date this notification is published.

Company Description:

Grupo Radio Centro owns and/or operates 14 radio stations. Of these 14 radio stations, Grupo Radio Centro operates 11 in Mexico City. The Company's principal activities are the production and broadcasting of musical and entertainment programs, talk shows, news and special events programs. Revenue is primarily derived from the sale of commercial airtime. The Company also operates a radio network, Organizacion Impulsora de Radio, which acts as the national sales representative for, and provides programming to, Grupo Radio Centro-affiliated radio stations.

Note on Forward-Looking Statements:

This release may contain projections or other forward-looking statements related to Grupo Radio Centro that involve risks and uncertainties. Readers are cautioned that these statements are only predictions and may differ materially from actual future results or events. Readers are referred to the documents filed by Grupo Radio Centro with the United States Securities and Exchange Commission, specifically the most recent filing on Form 20-F, which identifies important risk factors that could cause actual results to differ from those contained in the forward-looking statements. All forward-looking statements are based on information available to Grupo Radio Centro on the date hereof, and Grupo Radio Centro assumes no obligation to update such statements.

Source: Grupo Radio Centro, S.A. de C.V.

CONTACT: In Mexico, Pedro Beltran or Alfredo Azpeitia, both of Grupo
Radio Centro, S.A. de C.V., +011-5255-5728-4800, ext. 7018, or
aazpeitia@grc.com.mx; or in New York, Maria Barona or Peter Majeski, both of
i-advize Corporate Communications, Inc., +1-212-406-3690, or
grc@i-advize.com.mx, for Grupo Radio Centro, S.A. de C.V.

Web site: http://www.radiocentro.com.mx/

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