Masisa S.A. Summons its Shareholders to the Ordinary Shareholders' Meeting

SANTIAGO, Chile, April 14  /PRNewswire-FirstCall/ -- MASISA S.A. ("Masisa" or the "Company"), a leading wood board manufacturer and trading company for the furniture industry in Latin America, summons its shareholders to the Ordinary Shareholders' Meeting.

ORDINARY SHAREHOLDERS' MEETING

By agreement of the Board of Directors and according to the provisions of Law No 18.046, the shareholders of Masisa S.A. are summoned to the Ordinary Shareholders' Meeting to be held on Wednesday, April 30, 2008, at 9.00 a.m., at Club Union El Golf, located at Avenida El Golf No 50, Las Condes, Santiago, to acknowledge and decide on the following matters:

  a)  To (i) review Masisa's operating and financial results for the fiscal
      year ended December 31, 2007, (ii) examine the external audit report
      prepared by Ernst & Young, (iii) approve Masisa's Annual Report for
      the fiscal year ended December 31, 2007, and (iv) approve balance
      sheet and individual and consolidated financial statements of Masisa
      for the fiscal year ended December 31, 2007;

  b)  To elect the Board of Directors;

  c)  To approve the annual compensation of Masisa's Board of Directors;

  d)  To approve the annual compensation and expense budget for the
      Directors Committee;

  e)  To approve the recommendation of the Board of Directors for Masisa's
      external auditors and risk classification agencies for the fiscal
      year ending December 31, 2008;

  f)  The (i) distribution of Masisa's net income and the payment of a
      final dividend of US$0.0019305309 per share, and to (ii) present
      Masisa's dividend policy, and (iii) present Masisa's safety measures
      and procedures for the distribution of such dividends;

  g)  To present the agreements adopted by the Board of Directors in
      accordance with article 44 of the Publicly-Held Corporations
      Law of Chile;

  h)  To select an appropriate newspaper in which notices of future Masisa
      shareholders' meetings, as well as other legal notices required to be
      made by Masisa, will be published; and

  i)  To transact such other business as may properly come before the
      Ordinary Shareholders' Meeting.




ANNUAL REPORT DELIVERY: According to the provisions of article 75 of Law No 18.046 and Bulletin No 444 dated March 19, 2008 of the Chilean Securities and Insurance Superintendent's Office (Superintendencia de Valores y Seguros), Masisa has made available for shareholders its annual report for the period ended December 31, 2007 on its web site at http://www.masisa.com/ . In addition, a sufficient number of copies of these documents are available in the Company's offices, located at Avenida Apoquindo 3,650, 10th floor, Las Condes, Santiago, in case shareholders wish to consult it.

PUBLICATION OF FINANCIAL STATEMENTS: The shareholders are hereby informed that the summarized consolidated financial statements of the Company as of December 31, 2007, will be published in the La Segunda newspaper in Santiago on April 16, 2008.

PARTICIPATION: Pursuant to article 62 of Law No 18.046, the shareholders who are registered in the Company's Shareholder's Registry at least five working days prior to the annual shareholders' meeting will have the right to participate in the Ordinary Meeting.

QUALIFICATION OF POWERS OF ATTORNEY: The qualification of powers of attorney, if applicable, will be carried out on the same day in which the Ordinary Meeting will be held, at the time and place indicated for the commencement of the meeting. At their convenience, the shareholders may present their powers of attorney on the same day of the Ordinary Meeting, as of 8.30 a.m., at Club Union El Golf located at the address mentioned above.

For further information regarding Masisa's annual shareholders' meeting or its financial statements, please visit the web site http://www.masisa.com/ .

  THE PRESIDENT


  For further information, contact:
  Investor Relations
  (56 2) 350 6038
  
  Internet: http://www.masisa.com/

DATASOURCE: Masisa S.A.



CONTACT:  Masisa Investor Relations Department, +011-56-2-350-6038,

 



Web site:  http://www.masisa.com/ 

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