TOLEDO, Ohio, May 16 /PRNewswire-FirstCall/ -- Libbey Inc. (NYSE: LBY)
today announced that its board of directors has approved the filing of a
shelf registration statement on Form S-3 to register up to $550 million
aggregate amount of debt securities; common stock; preferred stock;
warrants to purchase debt securities, common stock, preferred stock or
depositary shares; rights to purchase common stock or preferred stock;
securities purchase contracts; securities purchase units; and depositary
shares. The timing and terms of an offering of these securities will be
determined by market conditions and as set forth in a prospectus supplement
to be filed at the time of any offering.

    The Company anticipates that the shelf registration statement will be
filed with the Securities and Exchange Commission during the second quarter
of 2008 and expects to use the proceeds from any offering to pay down
indebtedness.

    This announcement is neither an offer to sell nor the solicitation of
an offer to buy securities, nor shall there be any sale of these securities
in any states in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any
such state.



    Libbey Inc.:
    -- is the largest manufacturer of glass tableware in the western
       hemisphere and one of the largest glass tableware manufacturers in the
       world;
    -- is expanding its international presence with facilities in China,
       Mexico, the Netherlands and Portugal;
    -- is the leading manufacturer of tabletop products for the U.S.
       foodservice industry; and
    -- supplies products to foodservice, retail, industrial and
       business-to-business customers in over 100 countries.

    Based in Toledo, Ohio, the Company operates glass tableware
manufacturing plants in the United States in Louisiana and Ohio, as well as
in Mexico, China, Portugal and the Netherlands. Its Crisa subsidiary,
located in Monterrey, Mexico, is the leading producer of glass tableware in
Mexico and Latin America. Its Royal Leerdam subsidiary, located in Leerdam,
Netherlands, is among the world leaders in producing and selling glass
stemware to retail, foodservice and industrial clients. Its Crisal
subsidiary, located in Portugal, provides an expanded presence in Europe.
Its Syracuse China subsidiary designs, manufactures and distributes an
extensive line of high-quality ceramic dinnerware, principally for
foodservice establishments in the United States. Its World Tableware
subsidiary imports and sells a full-line of metal flatware and hollowware
and an assortment of ceramic dinnerware and other tabletop items
principally for foodservice establishments in the United States. Its Traex
subsidiary, located in Wisconsin, designs, manufactures and distributes an
extensive line of plastic items for the foodservice industry. In 2007,
Libbey Inc.'s net sales totaled $814.2 million.

    The above information includes "forward-looking" statements made
pursuant to the safe harbor provisions of Section 21E of the Securities
Exchange Act of 1934. Statements that are not historical facts, including
statements about the Company's beliefs and expectations, are
forward-looking statements. These statements are based on beliefs and
assumptions by the Company's management, and on information currently
available to management, and are indicated by words or phrases such as
"goal," "expects," "believes," "will," "estimates," "anticipates," or
similar phrases. Investors are cautioned that forward- looking statements
involve risks and uncertainty, that actual results may differ materially
from such statements, and that investors should not place undue reliance on
such statements. Forward-looking statements speak only as of the date they
are made, and the Company undertakes no obligation to update publicly any
of them in light of new information or future events.

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