The Annual General Meeting of the shareholders of ?FRIGOGLASS S.A.I.C.? took place on 10 June 2005. Shareholders representing 23.025.022 shares, out of a total number of 40,000,000, or 57.56% of the Company's share capital were present or represented and voted at the Meeting.

The following matters on the Agenda were discussed and the following decisions were made:

1) The Management Report by the Board of Directors and the Audit Certificate of the Company's Chartered Auditor-Accountant on the Company's Financial Statements and activities for the fiscal year ended on 31.12.2004 were submitted.

2) The Company's annual Financial Statements for the fiscal year ended on 31.12.2004 (Balance Sheet, Profit and Loss Account Statement, Table of Distribution of Earnings, Schedule) and the consolidated Financial Statements were submitted and approved.

3) The members of the Board of Directors and the Auditors of the Company were released from any liability for their activity during the fiscal year ended on 31.12.2004.

4) The remuneration of the members of the Board of Directors for their participation in the meetings of the Board of Directors and their services to the Company for the fiscal year 2004 was approved and their remuneration for the fiscal year 2005 was pre-approved.

6) PricewaterhouseCoopers were elected as Statutory Auditors for the fiscal year 2005 (1.1.2005 - 31.12.2005) and the Board of Directors was authorised to agree their fees.

7) The distribution of a dividend of EUR 0.14 per share was approved and the date of the AGM was set as the record date. As of Monday 13 June 2005, the company?s share will trade ex dividend. The distribution of dividend will commence on the 12th of July 2005.

All resolutions were taken unanimously.