Vitro Issued in Mexico Six-Year Medium Term Note for $96 Million

Vitro announced that on December 30, 2002, it issued a medium term note (Certificados Bursátiles) in the Mexican market for approximately $96 million maturing on December 22, 2008.

The note will bear an interest rate of 325 basis points over the 182-day Mexican CETES.

This issue was granted a rating of AA by Fitch México S.A. de C.V., rating agency. The rating implies a more solid credit rating relative to other issuers or issues in Mexico.

This transaction is part of Vitro's previously stated strategy to strengthen the company's financial position while maintaining a presence in the capital markets.

600450 Vitro Issued in Mexico Six-Year Medium Term Note for $96 Million

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