Meeting Adjourned/TenderOffer

RNS Number:0589S
Cydsa S.A.
26 February 2002


Cydsa, S.A. de C.V. Announces Adjournment of Meeting of Noteholders and 
Extends Proxy Solicitation and Tender Offer

Garza Garcia, MEXICO (February 25, 2002). -- Cydsa, S.A. de C.V. announced today 
that, in connection with its proxy solicitation and tender offer relating to its 
outstanding U.S.$200,000,000 9.375% Notes due 2002, its Meeting of Noteholders 
was adjourned and that Cydsa has extended the expiration date for the tender 
offer.

The Meeting of Noteholders, originally scheduled for Friday, February 22, 2002, 
for the purpose of considering an extraordinary resolution which would extend 
the maturity of the notes and amend certain covenants in the trust deed relating 
to the notes, was adjourned. Cydsa expects to announce in the near future the 
date, time and location of the Adjourned Meeting of Noteholders and will send a 
notice of adjourned meeting to holders of the notes. Cydsa will also announce in 
the near future the date and time by which holders of record must deliver duly 
executed proxies in order to vote by proxy at the Adjourned Meeting.

In connection with the tender offer, Cydsa has extended the "Offer Expiration 
Date" to 5:00 p.m., New York City time, on Friday, March 1, 2002, unless further 
extended. The Offer Expiration Date is the time by which eligible holders of 
record must deliver and the depositary must receive tenders of notes in order to 
be eligible to participate in the tender offer.

The proxy solicitation and offer to purchase for cash is made upon the terms and 
conditions set forth in the Proxy Solicitation Statement and Offer to Purchase, 
dated January 25, 2002 (the "Statement"). Prior to the date hereof, Cydsa, S.A. 
de C.V. 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 
in the letter of eligibility ("eligible holders") are 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




                      This information is provided by RNS
            The company news service from the London Stock Exchange