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Corporacion Durango Announces Extension of Cash Tender Offer and Consent Solicitation
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Durango, Mexico, 19 July 2007 -- /PRNewswire/ -- Corporacion Durango, S.A.B. de C.V. (BMV: CODUSA) (Durango), the largest integrated paper and packaging company in Mexico, announced today that it has extended the period of its cash tender offer for any and all of its outstanding Series B Step Up Rate Senior Secured Guaranteed Notes Due 2012 (CUSIP No. 21986MAK1) until 5:00 p.m., Eastern time, on 26 July 2007 (the "New Expiration Date").

All references to the "Expiration Date" in the Offer to Purchase and Consent Solicitation Statement, dated 21 June 2007 (the "Offer to Purchase"), and the related Consent and Letter of Transmittal (the "Letter of Transmittal") shall be deemed to be references to the New Expiration Date, and all references to "12:00 midnight, New York City [Eastern] time, on the Expiration Date" in the Offer to Purchase and the Letter of Transmittal shall be deemed to be references to 5:00 p.m., Eastern time, on the New Expiration Date.

The other terms and conditions of the Tender Offer remain unchanged. Durango may further extend the period of the Tender Offer at Durango's sole discretion. Any Notes previously tendered, and all Notes tendered hereafter, may not be withdrawn.

The Expiration Date previously announced on 21 June 2007 was 12:00 midnight, Eastern time, on 19 July 2007. As of 5:00 p.m., Eastern time, on 19 July 2002, USD 364,671,818 in aggregate principal amount, or approximately 86.9%, of the outstanding Notes had been tendered and not withdrawn pursuant to the Tender Offer, including USD 359,730,986 in aggregate principal amount, or approximately 85.7%, of the Notes that were tendered and not withdrawn as of 5:00 p.m., Eastern time, on the Early Participation Date.

In addition, Durango announced that:

-- on 10 July 2007, the terms and conditions of the Tender Offer were approved by the shareholders' meeting of Durango. As a result, the Shareholders' Consent Condition (as defined in the Offer to Purchase) to the Tender Offer has been satisfied.

-- on 11 July 2007, (1) the Supplemental Indenture (as defined in the Offer to Purchase) was executed by Durango and Law Debenture Trust Company of New York, as trustee under the indenture, dated as of 23 February 2005, between Durango and the Trustee, and (2) the Common Agreement Amendment (as defined in the Offer to Purchase) was executed by Durango, the Guaranteeing Parties (as defined in the Common Agreement Amendment), and the Trustee. As a result, the Requisite Consents Condition (as defined in the Offer to Purchase) to the Tender Offer has been satisfied.

The Supplemental Indenture and the Common Agreement Amendment will not become effective unless and until validly tendered Notes are accepted for purchase by Durango pursuant to the Tender Offer. The Indenture and the Common Agreement (as defined in the Offer to Purchase), without giving effect to the Supplemental Indenture and the Common Agreement Amendment, will remain in effect until validly tendered Notes are accepted for purchase by Durango pursuant to the Tender Offer. If the Offer is terminated or withdrawn, or the Notes are not accepted for purchase, the Supplemental Indenture and the Common Agreement Amendment will not become effective.

Durango has retained Merrill Lynch, Pierce, Fenner & Smith Incorporated to act as Dealer Manager for the Tender Offer and Consent Solicitation, and Global Bondholder Services Corporation to act as the depositary and information agent for the Tender Offer and Consent Solicitation.

Any questions or requests for assistance regarding the Offer may be made to the Dealer Manager and Solicitation Agent, Merrill Lynch & Co., Attention: Liability Management Group at (888) 654-8637 or (212) 449-4914. Questions or requests for assistance or additional copies of the Offer to Purchase and the related Letter of Transmittal may be directed to the Information Agent, Global Bondholder Services Corporation, toll free at (866) 794-2200 (bankers and brokers call collect at (212) 430-3774).

This notice is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The tender offer is only being made pursuant to the Offer to Purchase and the related Letter of Transmittal. The tender offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the laws of such jurisdiction. The tender offer is not being made to any holders of Notes in Italy. In the United Kingdom, France, and Belgium, the tender offer is being made only to specified eligible holders of Notes, as set forth in the Offer to Purchase. Restrictions on the tender offer may also apply in other jurisdictions. The Offer is not being made to, and tenders of Notes and Consents by Holders will not be accepted from, any person in any jurisdiction that requires that the Tender Offer or the Solicitation or the distribution of the Offer Documents be made by a licensed broker or dealer.

About Durango

Durango and its subsidiaries are primarily engaged in the manufacturing and selling of packaging (corrugated boxes and multi-wall sacks), paper (containerboard, newsprint, and bond) and other wood products (plywood) in Mexico and in the United States.

Source: Corporacion Durango, S.A.B. de C.V.


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