Cascade Investment and Bill Gates Report Increased Percentage Ownership in FMX Due to Share Count Reduction

Cascade Investment, L.L.C. and William H. Gates III filed a Schedule 13D/A regarding their holdings in Fomento Economico Mexicano, S.A.B. de C.V. (FMX), also known as Mexican Economic Development Inc. The Reporting Persons currently hold 27,887,350 American Depositary Shares (ADSs), which represent 14.0% of the outstanding BD Units (specifically Series D-B and Series D-L shares). This filing serves as Amendment No. 2 and reflects an increase in the percentage of ownership from previous filings. Notably, this increase is due to a decrease in the Issuer's total outstanding shares rather than new acquisitions by the Reporting Persons. As of this filing, the Gates Foundation Trust and Melinda French Gates are no longer listed as reporting persons. William H. Gates III maintains beneficial ownership of these shares as the sole member of Cascade Investment, L.L.C. The ownership calculation is based on approximately 1.99 billion BD Units outstanding as of March 31, 2026.