Vitro Deposits Funds for Payment of Principal of Yankee Bond Maturity On May 2002

    GARZA GARCIA, Mexico--May 2, 2002--Vitro, S.A. de C.V. announced today that it deposited the funds necessary for the payment in full of the principal amount on the Vicap, S.A. de C.V. Guaranteed Senior Notes of its Yankee Bond issue due on May 15, 2002 for US$175 million.
    Funds for this payment consisted of cash generated from operations, asset sales from the ongoing divestiture program and new credit facilities mainly from Banco Inbursa, S.A. and Credit Suisse First Boston.
    Vitro, S.A. de C.V., through its subsidiary companies, is a major participant in four distinct businesses: flat glass, glass containers, glassware and household products. Vitro's subsidiaries serve multiple product markets, including construction and automotive glass, wine, liquor, cosmetics, pharmaceutical, food and beverage glass containers, fiberglass, plastic and aluminum containers, glassware for commercial, industrial and consumer uses, and household appliances. Founded in 1909, Monterrey, Mexico-based Vitro has joint ventures with 9 major world-class manufacturers that provide its subsidiaries with access to international markets, distribution channels and state-of-the-art technology. Vitro's subsidiaries do business throughout the Americas and Europe, with facilities and distribution centers in seven countries, and export products to more than 70 countries. Vitro's website can be found at: http://www.vitro.com