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-- Masisa and Louisiana-Pacific signed an agreement today, in which the latter company agrees to buy 75% of the OSB plant located in the industrial complex of Ponta Grossa, Brazil. This operation should take place in the first quarter of 2008. SANTIAGO, Chile, Dec. 20 /PRNewswire-FirstCall/ -- MASISA S.A. (NYSE:MYS) (hereinafter referred to as "Masisa" or "the Company") hereby informs that, on December 20, 2007, Masisa and Louisiana-Pacific South America S.A. (hereinafter referred to as "LP"), a Chilean related company of the U.S. entity called Louisiana-Pacific Corporation, signed a binding agreement for Masisa to sell LP 75% of the oriented strand board (hereinafter referred to as "OSB") plant located in the industrial complex of Ponta Grossa, Brazil, owned by Masisa's Brazilian subsidiary, Masisa do Brasil Ltda. According to Enrique Cibie, Masisa's CEO, the decision to sell the OSB plant, which has a production capacity of 350,000 cubic meters per annum, is based in "our intention to focus on our core business of producing and marketing furniture and interior architecture wood boards." Final closing of the aforementioned purchase and sale agreement is subject to due diligence and usual commercial conditions for these kind of transactions, which is expected to be completed in the first quarter of 2008. The price agreed on for the total fixed assets of the OSB plant, excluding working capital, is approximately US$75 million. The proceeds obtained from this transaction will be used to reduce indebtedness. This transaction confirms Masisa's commitment of focusing on the development of its core business in Brazil, after approving, in September, the construction of a medium density particleboard (MDP) plant at Rio Grande do Sul. This plant is scheduled to start up in 2009 and entails an approximate investment of US$119 million. About Masisa Masisa is a leading furniture and interior architecture board production and marketing company in Latin America. It owns forest assets in most of the region, thereby guaranteeing the raw material for its board business. Masisa's value proposal is to be a reliable brand, and a company close to all its stakeholders, anticipating market needs by means of product and service innovation, and operating responsibly towards society and the environment. Masisa has 13 production plants in Chile, Argentina, Brazil, Venezuela and Mexico, all of which will have the ISO 14,001 and OHSAS 18,001 certification. Masisa is currently building an MDP plant in Montenegro, Brazil that will have a production capacity of 550,000 m3 a year and will be the company's largest plant in Latin America, mainly for supply to the Brazilian market. Masisa has three other divisions that operate in synergy with its core board division: forestry, solid wood, and retail. Masisa is a publicly-traded corporation and its shares are traded on the Santiago Stock Exchange, and on the New York Stock Exchange (NYSE:MYS) in the form of ADRs. The company had consolidated net 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. For further information, please contact: Investor Relations (56 2) 350 6038 Internet: http://www.masisa.com/ DATASOURCE: Masisa S.A. CONTACT: Masisa Investor Relations, +011-56-2-350-6038, Web site: http://www.masisa.com/

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