Further re Tender Offer

RNS Number:1777U
Cydsa S.A.
8 April 2002


  Cydsa, S.A. de C.V. Announces Successful Restructuring of 9.375% Notes and 
           Acceptance for Purchase of Notes Pursuant to Tender Offer 

Garza Garcia, MEXICO (April 5, 2002). - Cydsa, S.A. de C.V. announced today the
passing of the extraordinary resolution by the requisite aggregate principal
amount of notes held by eligible holders of its 9.375% notes due 2002 at its
meeting of noteholders held at 3:00 p.m., London time, today, April 5, 2002.
Shortly following the meeting, Cydsa entered into a supplemental trust deed
adopting the amendments provided for in the extraordinary resolution, including
the extension of the maturity of its notes from June 25, 2002 to June 25, 2009,
as described in the Proxy Solicitation Statement and Offer to Purchase, dated
January 25, 2002, as supplemented by a Supplement to Proxy Solicitation
Statement and Offer to Purchase, dated March 19, 2002 (as supplemented, the
"Statement").

Cydsa also announced that it has accepted for purchase and payment all notes
validly tendered (and not withdrawn) prior to 12:00 Noon, New York City time, on
Friday, April 5, 2002 (the "Offer Expiration Date") pursuant to its offer to
purchase notes for cash. In that connection, Cydsa also announced that it has
amended the tender offer to increase the principal amount of notes it is
offering to purchase from U.S.$40,000,000 to U.S.$41,003,000. As of the Offer
Expiration Date, based on information provided by the depositary for the tender
offer, approximately U.S.$41,003,000 in aggregate principal amount of notes were
validly tendered (and not withdrawn) to the depositary. The payment date for the
notes accepted for payment in the tender offer is expected to be on or about
Wednesday, April 10, 2002. Pursuant to the tender offer, noteholders whose notes
are purchased pursuant to the tender offer will receive U.S.$520 per U.S.$1,000
principal amount of notes. In addition, noteholders will receive accrued and
unpaid interest up to, but not including, the date of purchase. All notes
purchased by Cydsa pursuant to the tender offer will be cancelled.

In addition, eligible holders of record who delivered (and did not revoke) a
duly executed proxy in favor of the extraordinary resolution as of 5:00 p.m.,
Wednesday, April 3, 2002 will receive a proxy fee of U.S.$15 per U.S.$1,000
principal amount of notes to which the proxy pertains. The payment date for the
proxy fee is also expected to be on or about Wednesday, April 10, 2002.

Cydsa's proxy solicitation and offer to purchase for cash was made upon the
terms and conditions set forth in the Statement. Prior to the date hereof, Cydsa
distributed to all holders of the notes a letter of eligibility requesting the
holder to return a certification as to whether it is (1) a Qualified
Institutional Buyer (as defined in Rule 144A under the United States Securities
Act of 1933, as amended (the "Securities Act")), (2) not in the United States
(as contemplated in Rule 903(a)(1) of Regulation S under the Securities Act) or
(3) a dealer or other professional fiduciary organized, incorporated, or (if an
individual) resident in the United States holding a discretionary account or
similar account (other than an estate or trust) for the benefit or account of a
non-U.S. person (as contemplated by Rule 903(a)(1) of Regulation S under the
Securities Act). Only holders who have completed and returned the certification
of eligibility ("eligible holders") were authorized to receive or review the
Statement or to participate in the proxy solicitation and the tender offer made
thereby. 



This news release is not an offer to purchase, nor a solicitation of an offer to
purchase or a solicitation of proxies, with respect to the securities. The notes
have not been and will not be registered under the Securities Act and may not be
offered or sold in the United States absent registration or an applicable
exemption from registration requirements.

Cydsa is a corporation based in Monterrey, Mexico with a presence in various
industrial sectors, such as Chemicals and Plastics, Fibers and Textile Products
and Flexible Packaging.


Cydsa Web Site: http://www.cydsa.com




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