Vitro files a lawsuit for the invalid acquisition of its shares

In relation with the press release issued on April 30, 2008 by Vitro S.A.B. de C.V., the Company announced that and in addition to evaluating other legal actions, it filed a lawsuit against Banco Nacional de México, S.A., Institución de Banca Múltiple (Banamex) and a subsidiary of Grupo Financiero Banamex, S.A. and of Citigroup , requesting the court to declare null and void the acquisition and ownership of Vitro’s common shares by Banamex due to the violation of Vitro’s by-laws.

Vitro’s current by-laws provide that no foreign person or foreign entity or any Mexican company that allows a foreign person or company to own any equity participation in its capital may own or acquire Vitro’s issued common shares. Also, Vitro’s by-laws provide that in case the above restriction is violated, such acquisition of shares shall be null and void and the Company shall not recognize such buyer as the legal owner and in consequence it shall not be able to exercise any of the common share’s corporate or economic rights.
We wish to clarify that any foreign citizen or company is allowed to participate in Vitro by acquiring the Company’s ADR’s currently traded in the New York Stock Exchange.

The Mexican courts have granted a petition by Vitro to immobilize such common shares, pending definitive resolution of the action filed by Vitro.