MYS Masisa SA (New) Ads

- Masisa's Board Approves the Issuance of Two New Bonds for an Aggregate Amount of Up to UF 5,500,000 SANTIAGO, Chile, Sept. 14 /PRNewswire-FirstCall/ -- Masisa S.A. (NYSE:MYS) ("Masisa" or "the Company"), announced that at the Company's Board of Directors meeting held Monday, September 12, 2005, the Board approved the issuance of two new bonds in the Chilean market. The issuances will be for an amount of up to UF 5,500,000, maturing in up to 10 years, and for an amount of up to UF 3,000,000 maturing in up to 25 years, with an aggregate amount no greater than UF 5,500,000. The proceeds of these bonds will be used to repay financial obligations. UF or "Unidades de Fomento" is a Chilean financial index adjusted for changes in the Chilean Consumer Price Index. As of September 13, 2005, one UF is equal to US$32.98. 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. For further information, contact: Paul White / Emilio Pellegrini Investor Relations +56 (2) 350-6038 http://www.masisa.com/ Melanie Carpenter / Peter Majeski i-advize Corporate Communications, Inc. +1 (212) 406-3692/4 DATASOURCE: Masisa S.A. CONTACT: Paul White, , or Emilio Pellegrini, both of Masisa Investor Relations, +011-56-2-350-6038; or Melanie Carpenter or Peter Majeski, both of i-advize Corporate Communications, Inc., +1-212-406- 3692 or +1-212-406-3694, or , for Masisa Web site: http://www.masisa.com/

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