Over the last three trading days, the Glaverbel share price has increased to over 145 euro per share, with abnormally high trading volumes.

While some investors may be expecting a revision of the price announced on 19 December 2001 after certain comments made in the press, AGC wishes, in order to avoid the creation and persistence of a false market in Glaverbel's securities, to inform the public of its position.

In this respect, AGC emphasises that it has no intention to raise the offer price. The offer remains at EUR 145 per Glaverbel share, which AGC believes to be a fair price, as confirmed to the board of directors of Glaverbel on 8 January 2002 by Petercam, the independent Belgian investment bank unanimously selected by the Glaverbel board of directors.

This press release is published at the initiative of AGC and its publication does not imply any assessment by the Banking and Finance Commission.

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