Vitro, S.A. de C.V. Holds General Shareholders' Meeting

GARZA GARCIA, N.L., Mexico, March 27 -- Vitro S.A. de C.V. held today its General Ordinary Shareholders Meeting which approved the Company's 2002 financial results, elected the members of the Board of Directors and the Examiners for the year 2003 and resolved to pay a cash dividend of Ps $0.36 (thirty six cents) per common share.

The cash dividend will be paid from April 21, 2003 and on, in exchange of coupon # 62 from the item Cuenta de Utilidad Fiscal Neta (Net Tax Income Account), therefore, is not subject to a withholding tax pursuant to the current Mexican Income Tax Law.

In addition, in accordance with the latest modifications of the "Ley del Mercado de Valores" (Mexican Securities Exchanges Law), the General Ordinary Shareholders Meeting approved a Ps $2 billion reserve out of the account Utilidades Acumuladas (Accumulated Net Income) to use up to that amount during 2003 to purchase its own shares.

Vitro, S.A. de C.V. , through its subsidiary companies, is one of the world's leading glass producers. Vitro is a major participant in three principal businesses: flat glass, glass containers, and glassware. Its subsidiaries serve multiple product markets, including construction and automotive glass; fiberglass; food and beverage, wine, liquor, cosmetics and pharmaceutical glass containers; glassware for commercial, industrial and retail uses; plastic and aluminum containers. Vitro also produces raw materials, and equipment and capital goods for industrial use. Founded in 1909 in Monterrey, Mexico-based Vitro has joint ventures with major world-class partners and industry leaders that provide its subsidiaries with access to international markets, distribution channels and state-of-the-art technology. Vitro's subsidiaries have facilities and distribution centers in seven countries, located in North, Central and South America, and Europe, and export to more than 70 countries worldwide. For further information, please visit our website at: http://www.vitro.com/