FRIGOGLASS S.A.I.C.

Clarifications Regarding the Leveraged Recapitalization and the Intention of Interim Dividend Payment.

Frigoglass clarifies that according to the resolutions of the Extraordinary General Meeting that took place on the 5th of September 2008, the payment of the capital return, which amounts to euro 36,180,549 (corresponding to euro 0.90 per share), will be concluded within the month of October, after the granting of the necessary regulatory approvals. The exact date will be announced in due course.
Moreover, as was already announced on the 13th of August 2008, after the completion of the capital return payment, the Board of Directors is considering declaring an interim dividend amounting to euro 0.60 per share. The respective payment is expected within the month of December 2008; the exact date will be announced in due course.
Consequently, after the completion of both the capital return and the interim dividend payment, the shareholders of the company will have received the total amount of euro 1.50 per share.