Vitro announces new Ps$1,725 million - US$230 million - long-term debt facility with Mexican Banking Group

Business Wire, July 2, 1996

GARZA GARCIA, N.L. Mexico--(BUSINESS WIRE)--July 2, 1996--

New Facility to Substitute for Existing Vitro Commercial Paper

Vitro, Sociedad Anonima (BMV:Vitro; NYSE:VTO) today announced the closing of new long-term loan arrangements with Mexican Banks in the aggregate amount of Ps$1,725 million (US$230 million), totally applied to the payment of short-term market debt (commercial paper) issued by Vitro, S.A. (holding company).

The tenure under the new loans is four years, with a single bullet payment at the end of the term. Interest will be computed at market rates.

The benefits of the transaction for Vitro include both a longer average life for the debt, as well as increased liquidity as a result of freeing up commercial paper lines.

This transaction is part of the debt reduction and consolidation effort underway in all the companies of Vitro, S.A. Vitro, S.A. produces glass containers, flat glass, automotive glass, glassware, plastic containers, aluminum cans and household appliances for commercial, industrial and consumer use. Vitro supplies numerous industries, including food and beverage, construction and automotive. Based in Monterrey, Mexico, and founded in 1909, Vitro has strategic alliances with fourteen large corporations around the world. Vitro operates more than 100 facilities in seven countries, including Mexico and the United States, and exports products to more than 60 countries worldwide.

CONTACT: Media Financial Community

Ulrich Sander Hugo Jaime Garcia

Vitro, Sociedad Anonima Vitro, Sociedad Anonima

011-528-329-1332 011-528-329-1210

or or

U.S. Contact Financial Community

Robert D. Ferris Lily Gomez

Ruder Finn, Inc. Vitro, Sociedad Anonima

212-715-1573 011-528-329-1280

jfclgome@vto.com