Ad Hoc Committee of Vitro Noteholders in Contact With a Majority of Senior Notes; Continues to Oppose Vitro's Anticipated Consent Solicitation

NEW YORK, Aug. 16, 2010 (GLOBE NEWSWIRE) -- TO ALL VITRO NOTEHOLDERS:

The Steering Group for the Ad Hoc Committee of Vitro Noteholders (the "Steering Group") is comprised of holders, or investment advisors to holders, of more than $500 million of the Senior Notes due 2012, 2013 and 2017 (collectively, the "Senior Notes") issued by Vitro, S.A.B. de C.V. ("Vitro").  Since the last public statement issued by the Steering Group on August 5, 2010, its advisors have been contacted by additional holders of approximately $300 million of the Senior Notes, who have indicated their support for the Steering Group. The Steering Group continues to encourage all holders of the Senior Notes, large and small, to establish direct contact with its advisors, White & Case LLP and Chanin Capital Partners LLC as indicated below.

As previously indicated, the Steering Group believes that management's proposal significantly undervalues the financial condition of the business, and thereby redistributes value away from Vitro's creditors to its shareholders. As such, there is a significant economic gap between the restructuring terms the Steering Group would support (based on realistic medium term sustainable debt capacity) and those that Vitro and its shareholder representatives have proposed.  Specifically, members of the Steering Group will support a restructuring that provides for new debt securities at market-based rates whose value equates to at least 85% of the $1.216 billion in outstanding principal amount of Senior Notes.

Finally, the Steering Group has retained Jaime R. Guerra González and Jesús Angel Guerra Méndez of Guerra González y Asociados S.C. as Mexican counsel.

The foregoing shall not be construed as tax, legal, business, financial, accounting or other advice, and holders of the Senior Notes are encouraged to consult their own advisors.

Sincerely,

Steering Group for the Ad Hoc Committee of Vitro Noteholders

Care of