Santiago, Chile, South America, 27 March 2008 -- /PRNewswire/ -- Masisa, at a board meeting held 26 March 2008, agreed to propose to the next Ordinary Shareholders' Meeting the payment of a final dividend of USD 10,941,768. This accounts for 30% of the net distributable income for the period ended 31 December 2007, and amounts to USD 36,472,559.

The total dividend per share will therefore be USD 0.0019.

If approved, the dividend would be paid on 28 May 2008, to those shareholders listed in the company shareholders' registry as of 22 May 2008. Moreover, the dividend would be paid in Chilean pesos according to the "observed dollar" exchange rate published in the Official Gazette on 22 May 2008.

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 have the ISO 14.001 and OHSAS 18.001 certification.

Masisa also has three divisions that operate in synergy with the core board division: 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. The company had total sales of approximately USD 966 million in 2007.