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Masisa's Board agrees on its intention to place a US$150 million capital increase in both the local and international markets SANTIAGO, Chile, Sept. 7 /PRNewswire-FirstCall/ -- MASISA S.A. (NYSE:MYS) ("Masisa" or "the Company"), announced that at the Company's Board of Directors meeting held today, the Board agreed on its intention to place a US$150 million capital increase, approved by Masisa's shareholders at an Extraordinary Shareholders' Meeting held on August 29, 2005, in both the local and international markets, specifically in the United States, in the form of American Depositary Shares, or ADSs. On August 29, 2005, Masisa held an Extraordinary Shareholders Meeting during which shareholders approved a capital increase of US$150 million through the issuance of new shares. The capital raised will be used to finance a portion of the Company's future investment projects, concentrated mainly in Chile and Brazil. Forward-Looking Information This news release may contain forward-looking statements. Forward-looking statements are statements other than statements of historical facts or current condition, and include without limitation management's current view and estimates of future circumstances, industry conditions and company performance. Some forward-looking statements may be identified by our use of the terms " may", "should", "anticipates", "believes", "estimates", "expects", "plans", "intends" and similar expressions. Statements regarding future market share, projected future competitive strength, the implementation of principal operating and financing strategies, the direction of future operations, and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions and operating factors. Any changes in such assumptions or factors could cause the actual results of Masisa, and the planned actions of the company, to differ materially from current expectations. A registration statement relating to these securities has not yet been filed with the U.S. Securities and Exchange Commission. These securities, if registered, may not be sold nor may offers to buy be accepted prior to the time the proposed registration statement becomes effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities. DATASOURCE: Masisa S.A. CONTACT: Paul White or Emilio Pellegrini, Investor Relations, +56-2-350-6038, ; Melanie Carpenter, +1-212-406-3692, or Peter Majeski, +1-212-406-3694, i-advize Corporate Communications, Inc., Web site: http://www.masisa.com/

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