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-- Masisa Brasil will complete its product mix with the production of Medium Density Particleboard (MDP), and will make the full offering of wood panels now produced by the Company in the country. SANTIAGO, Chile, Sept. 27 /PRNewswire-FirstCall/ -- MASISA S.A. (NYSE: MYS) (hereinafter referred to as "Masisa" or "the Company"), in an ordinary board meeting held yesterday, September 26, approved the construction of an MDP mill in the city of Montenegro, in the state of Rio Grande do Sul in Brazil. This investment envisages production of 550,000 cubic meters of MDP a year and includes a melamine line with a capacity of 220,000 cubic meters a year. The project totals an industrial investment of approximately US$119 million. "This investment is a great opportunity for Masisa to boost its presence as a major player in the Brazilian market, virtually doubling our production capacity in the country," said Enrique Cibie, Masisa's CEO. The start-up of this new project, which will mainly supply the Brazilian market, is scheduled for late 2009. Masisa Brasil will complete its product mix with this new MDP production line, incorporating the full offering of wood panels produced by the Company. "The Company is constantly analyzing different opportunities that arise in the region to grow, maintain and consolidate its leadership in each of the countries where it is present," Cibie said. Masisa currently has two plants in Brazil, a distribution network of 40 "Placacentros" (licensed retail outlets) and approximately 17,000 hectares of forest holdings. About Masisa Masisa is a leading furniture and interior architecture board production and marketing company in Latin America. It has forest assets throughout most of the region, thereby guaranteeing the raw material for the board business. Masisa's value proposal is to be a reliable brand, close to all its stakeholders, anticipating market needs by means of product and service innovation, and operating responsibly towards society and the environment. The Company has 13 productive plants in Chile, Argentina, Brazil, Venezuela and Mexico, all of which must have ISO 14.001 and OHSAS 18.001 certification. It is currently building an MDF mill in Cabrero, Chile, which will have a capacity of 340,000 m3 a year and will be the Company's largest mill in Latin America and mainly supply the foreign market. Masisa has three other business units that operate in synergy with the core board business unit: forestry, solid wood and retail, which generate value and make the Company more competitive. Masisa is a publicly traded corporation and its shares are traded on the Santiago Stock Exchange and the New York Stock Exchange (NYSE:MYS) by means of ADRs. The company had total sales of US$886.5 million in 2006. Forecasts and Estimates This press release may contain forecasts, which are different statements from historical facts or current conditions, and include the management's current vision and estimates of future circumstances, industry conditions and the Company's performance. Some forecasts may be identified by the use of terms such as "may," "should," "anticipates," "believes," "estimates," "expects," "plans," "intends," "forecasts" and other similar expressions. Statements about future market share, projected future competitive strengths, the implementation of significant operating and financial strategies, the direction of future operations, and the factors or trends affecting financial conditions, liquidity, or operating income are examples of forecasts. Such statements reflect the current management vision and are subject to various risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. These statements are made 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 lead to the current results of Masisa, and the projected Company activities, to materially differ from current expectations. DATASOURCE: Masisa S.A. CONTACT: Thomas de la Mare, Investor Relations, +011-56-2-350-6038, Web site: http://www.masisa.com/

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