Grupo Elektra Press Release

Grupo Elektra Press Release 


MEXICO CITY, July 15  /PRNewswire-FirstCall/ -- Grupo Elektra S.A. de C.V.
("The Company"; BMV: ELEKTRA*; NYSE: EKT; Latibex: XEKT), Latin America's
leading specialty retailer, consumer finance and banking and financial services
company announced today it furnished to the U.S. Securities and Exchange
Commission (SEC) on Form 6-K an English translation of its Spanish- language,
Mexican Annual Report for the fiscal year ended December 31, 2004.

As was previously announced, on June 30, 2005, the company filed its Mexican
Annual Report for 2004 with the Mexican National Securities and Banking
Commission as required by Mexican law.  That report includes Grupo Elektra's
audited consolidated financial statements for the three fiscal years ended
December 31, 2004, which were prepared in accordance with Mexican GAAP and
certified by the company's independent auditors Castillo Miranda y Compania,
S.C.

On July 1, 2005, the company announced that, pursuant to Rule 12b-25, it had
filed with the SEC a notice of late filing of its Annual Report on Form 20-F
for the fiscal year ended December 31, 2004.  The company noted today that the
preparation of its 2004 Form 20-F continues to be delayed and that it cannot
reasonably estimate when it will be in a position to file its Form 20-F with
the SEC.

Except for historical information, the matters discussed in this press release
are forward-looking statements and are subject to certain risks and
uncertainties that could cause actual results to differ materially from those
projected.  Risks that may affect Grupo Elektra are identified in its Form 20-F
and other filings with the US Securities and Exchange Commission.

Grupo Elektra is Latin America's leading specialty retailer, consumer finance
and banking services company. Grupo Elektra sells retail goods and services
through its Elektra, Salinas y Rocha, Bodega de Remates and Elektricity stores
and over the Internet. The Group operates more than 1,000 stores in Mexico,
Guatemala, Honduras and Peru.  Grupo Elektra also sells and markets its
consumer finance, banking and financial products and services through its more
than 1,440 Banco Azteca branches located within its stores, as a stand-alone,
and in other channels in Mexico and Panama. Banking and financial services
include consumer credit, personal loans, money transfers, extended warranties,
savings accounts, term deposits, pension-fund management and insurance.

   Contact:

   Esteban Galindez, CFA
   Director of Finance and I.R.
   Grupo Elektra S.A. de C.V.
   Tel. [phone]
   Fax. [phone]
   

DATASOURCE: Grupo Elektra S.A. de C.V.



CONTACT:  Esteban Galindez, CFA, Director of Finance and I.R. of Grupo

Elektra S.A. de C.V., [phone], Fax, [phone],





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

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