Opinion by the Glaverbel Board of Directors on the Asahi Glass offer

A. shares, convertible bonds and stock options.In its decision of 20 December the Commission had previously extended the deadline for the opinion to Tuesday 15 January 2002.Petercam, the investment bank retained by the Board, has rendered a positive fairness opinion on the price of EUR 145 per share offered by Asahi, and on the prices offered for the convertible bonds (EUR 3,641.53) and the stock options.Certain directors formulated remarks on the draft prospectus and some aspects of the valuation; they will submit a written report to the Board by Monday, 14 January, which will be attached to the opinion which the Board will submit to the Banking and Finance Commission and to Asahi Glass by Tuesday, 15 January.