Frigoglass announces that during the period between May 13 and May 24 2011, pursuant to its BoD resolution on May 12th, 2011, it sold 1.340.000 treasury shares to foreign institutional investors. Following the above transaction, Frigoglass treasury shares represent 3.57% of the outstanding number of shares from 6.91% before. Frigoglass intends to sell the remaining treasury shares at a later stage.