MYS Masisa SA (New) Ads

SANTIAGO, Chile, April 12 /PRNewswire-FirstCall/ -- MASISA S.A. (NYSE:MYS) ("Masisa" or the "Company"), 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 April 27, 2007, 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, 2006, (ii) examine the external audit report prepared by PricewaterhouseCoopers, (iii) approve Masisa's Annual Report for the fiscal year ended December 31, 2006, and (iv) approve balance sheet and individual and consolidated financial statements of Masisa for the fiscal year ended December 31, 2006; b) To approve the annual compensation of Masisa's Board of Directors; c) To approve the annual compensation and expense budget for the Directors Committee; d) 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, 2007; e) To (i) ratify the distribution of Masisa's net income earned during the fiscal year ended December 31, 2006, (ii) present Masisa's dividend policy, and (iii) present Masisa's safety measures and procedures for the distribution of such dividends; f) To present the agreements adopted by the Board of Directors in accordance with article 44 of the Publicly-held Corporations Law of Chile; g) 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 h) To transact such other business as may properly come before the Ordinary Shareholders' Meeting, including, but not limited to, the annual compensation and expense budget for Masisa's Audit and Compensation Committees. ANNUAL REPORT DELIVERY: According to the provisions of article 75 of Law No. 18,046 and Bulletin No. 1,108 of the Chilean Securities and Insurance Superintendent's Office (Superintendencia de Valores y Seguros), the Company is duly authorized to limit delivery of the annual report to 35% of the total amount of shareholders with an investment higher than 120 Unidades de Fomento (UF rate). Notwithstanding, those shareholders that do not comply with the said requirement may request a copy of the Company's annual report, which will be sent as soon as possible. In addition, a sufficient number of copies of these documents are available in the Company's offices, located at Avenida Apoquindo 3650, 10th floor, Las Condes, Santiago, in case shareholders wish to consult it. PUBLICATION OF FINANCIAL STATEMENTS: The shareholders are informed hereby that the summarized consolidated financial statements of the Company as of December 31, 2006, will published in the La Segunda newspaper in Santiago on April 13, 2007. PARTICIPATION: Pursuant to article 62 of Law No. 18,046, the shareholders registered in the Company's Shareholder's Registry as of April 21, 2007 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. The President, Julio Moura DATASOURCE: Masisa S.A. CONTACT: Masisa Investor Relations, +011-56-2-350-6038, Web site: http://www.masisa.com/

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