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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001292814-05-001156.txt : 20050728
<SEC-HEADER>0001292814-05-001156.hdr.sgml : 20050728
<ACCEPTANCE-DATETIME>20050728142555
ACCESSION NUMBER:		0001292814-05-001156
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20050630
FILED AS OF DATE:		20050728
DATE AS OF CHANGE:		20050728

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COCA COLA FEMSA SA DE CV
		CENTRAL INDEX KEY:			0000910631
		STANDARD INDUSTRIAL CLASSIFICATION:	BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12260
		FILM NUMBER:		05980553

	BUSINESS ADDRESS:	
		STREET 1:		GUILLERMO GONZALEZ CAMARENA NO. 600
		STREET 2:		COL. CENTRO DE CIUDAD SANTA FE
		CITY:			DELEGACION ALVARO OB
		STATE:			O5
		ZIP:			DF 01210
		BUSINESS PHONE:		5255335300

	MAIL ADDRESS:	
		STREET 1:		GUILLERMO GONZALEZ CAMARENA NO. 600
		STREET 2:		COL. CENTRO DE CIUDAD SANTA FE
		CITY:			DELEGACION ALVARO OB
		STATE:			O5
		ZIP:			DF 01210
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>kofpr2q05_6k.htm
<DESCRIPTION>PRESS RELEASE 2Q05
<TEXT>
<HTML>
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<TITLE>Provided by MZ Data Products</TITLE>
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<BODY bgColor=#ffffff style="font-family:'Times New Roman', Times, serif; font-size:11px; text-align:justify">

<HR Size=2>

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<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE="5"><B>FORM 6-K</B> </FONT> </P>

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<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=4>Securities and Exchange Commission<BR>
                                                                Washington, D.C. 20549<BR>
                                                       Report of Foreign Issuer<BR>
                                                   Pursuant To Rule 13a-16 Or 15d-16<BR>
                                                                Of The<BR>
                                                    Securities Exchange Act of 1934 </FONT></P>

<BR>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=Bottom>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>For the month of July 2005</FONT></TD>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Commission file number 1-12260</FONT></TD></TR>
</TABLE>

<BR><BR>
<!-- MARKER FORMAT-SHEET="Times DIV Justify" FSL="Workstation" -->
<DIV ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="5"><B>COCA-COLA FEMSA,
S.A. de C.V.</B> </FONT> </DIV>


<!-- MARKER FORMAT-SHEET="Times DIV Justify" FSL="Workstation" -->
<DIV ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Translation of
Registrant&#146;s name into English) </FONT></DIV>

<BR><BR>

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<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Guillermo Gonz&#225;lez Camarena No. 600<BR>
                                                                Col. Centro de Ciudad Santa F&#233;<BR>
                                                                        Delegaci&#243;n Alvaro Obreg&#243;n<BR>
                                                           Mexico, D.F. 01210 </FONT>
<BR><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Address of
principal office) </FONT></p>

<BR>


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<P ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Indicate by check
mark whether the registrant files or will file annual reports under cover of Form 20-F or
Form 40-F.) </FONT></P>

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<P ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;(Check One) Form 20-F
 <U>&nbsp;x&nbsp;</U>  Form 40-F <U>&nbsp;&nbsp;&nbsp;</U></FONT></P>

<!-- MARKER FORMAT-SHEET="Times Justify" FSL="Workstation" -->
<P ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Indicate by check
mark whether the registrant by furnishing the information contained in this Form is also
thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.) </FONT></P>

<!-- MARKER FORMAT-SHEET="Times Justify" FSL="Workstation" -->
<P ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;(Check One) Yes <U>&nbsp;&nbsp;&nbsp;</U>No
<U>&nbsp;x&nbsp;</U> </FONT> </P>

<!-- MARKER FORMAT-SHEET="Times Justify" FSL="Workstation" -->
<P ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(If &#147;Yes&#148; is marked,
indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b). 82-<U>&nbsp;&nbsp;&nbsp;</U>.) </FONT></P>






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<P STYLE='page-break-before:always'>
<P STYLE='page-break-before:always'>
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<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR valign=bottom>
    <TD width=80%><FONT FACE="Times New Roman, Times, Serif" SIZE="1" color=gray></FONT></TD>
    <TD width=20% ALIGN="right"><IMG SRC="logo_kof.gif"></TD>
  </TR>
</table>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF"><B>Stock Listing Information</B> </FONT> </TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="6" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>2005</B></FONT></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF">Mexican Stock Exchange </FONT></TD>
    <TD></TD>
    <TD COLSPAN="6" ALIGN="LEFT"><B><font size="2" face="Times New Roman, Times, serif">SECOND-QUARTER AND SIX-MONTHS RESULTS</font></B></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF">Ticker: KOFL </FONT></TD>
    <TD></TD>
    <TD COLSPAN=7><hr size=2 color=black></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF">&nbsp; </FONT> </TD>
    <TD>&nbsp;</TD>
    <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT> </TD>
    <TD COLSPAN="2" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Second Quarter </FONT> </TD>
    <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT> </TD>
    <TD COLSPAN="2" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Six Months </FONT> </TD>
    <TD ALIGN="CENTER">&nbsp;</TD>
  </TR>
  <TR>
    <TD bgcolor=#c80303><FONT COLOR="#FFFFFF">&nbsp; </FONT></TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD colspan=2><HR SIZE=2 color=black></TD>
    <TD>&nbsp;</TD>
    <TD colspan=2><HR SIZE=2 color=black></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF">NYSE (ADR) </FONT></TD>
    <TD></TD>
    <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
    <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2005&nbsp;</FONT></TD>
    <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2004&nbsp;</FONT></TD>
    <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><FONT FACE="Symbol" SIZE="1"><B>D</B> </FONT>%&nbsp;</FONT></TD>
    <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2005&nbsp;</FONT></TD>
    <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2004&nbsp;</FONT></TD>
    <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><FONT FACE="Symbol" SIZE="1"><B>D</B> </FONT>%&nbsp;</FONT></TD>
  </TR>
  <TR>
    <TD bgcolor=#c80303><FONT COLOR="#FFFFFF">&nbsp; </FONT></TD>
    <TD></TD>
    <TD colspan=7><HR SIZE=2 color=black></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF">Ticker: KOF </FONT></TD>
    <TD></TD>
    <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Total Revenues</FONT></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">12,715&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">11,484&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">10.7%&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">23,931&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">22,542&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">6.2%&nbsp;</font></TD>
  </TR>
  <TR>
    <TD bgcolor=#c80303><FONT COLOR="#FFFFFF">&nbsp; </FONT></TD>
    <TD></TD>
    <TD colspan=7><HR SIZE=1></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 WIDTH=27% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF">&nbsp; </FONT></TD>
    <TD WIDTH=2%></TD>
    <TD WIDTH=19% ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Gross Profit</FONT></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">6,306&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">5,648&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">11.6%&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">11,714&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">11,007&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">6.4%&nbsp;</font></TD>
  </TR>
  <TR>
    <TD bgcolor=#c80303><FONT COLOR="#FFFFFF">&nbsp; </FONT></TD>
    <TD></TD>
    <TD colspan=7><HR SIZE=1></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF">&nbsp; </FONT></TD>
    <TD></TD>
    <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Operating Income</FONT></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">2,254&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">1,827&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">23.4%&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">3,963&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">3,480&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">13.9%&nbsp;</font></TD>
  </TR>
  <TR>
    <TD bgcolor=#c80303><FONT COLOR="#FFFFFF">&nbsp; </FONT></TD>
    <TD></TD>
    <TD colspan=7><HR SIZE=1></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF">Ratio of KOF L to KOF = 10:1 </FONT></TD>
    <TD></TD>
    <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Majority Net Income</FONT></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">1,284&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">1,785&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">-28.1%&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">1,984&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">2,693&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">-26.3%&nbsp;</font></TD>
  </TR>
  <TR>
    <TD bgcolor=#c80303><FONT COLOR="#FFFFFF">&nbsp; </FONT></TD>
    <TD></TD>
    <TD colspan=7><HR SIZE=1></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF">&nbsp; </FONT></TD>
    <TD></TD>
    <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EBITDA<SUP>(1)</SUP></FONT></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">2,859&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">2,445&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">17.0%&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">5,149&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">4,711&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">9.3%&nbsp;</font></TD>
  </TR>
  <TR>
    <TD bgcolor=#c80303><FONT COLOR="#FFFFFF">&nbsp; </FONT></TD>
    <TD></TD>
    <TD colspan=7><HR SIZE=1></TD>
  </TR>
  <TR>
    <TD bgcolor=#c80303><FONT COLOR="#FFFFFF">&nbsp; </FONT></TD>
    <TD></TD>
    <TD colspan=3><HR SIZE=1></TD>
    <TD><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
    <TD><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
    <TD><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
    <TD width="7%"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN=CENTER rowspan=3><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF"><img src="kofl.gif"> </FONT></TD>
    <TD></TD>
    <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Net Debt <SUP>(2)(3)</SUP></FONT></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">20,486&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">21,530&nbsp;</font></TD>
    <TD align=left valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">20,486&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">21,530&nbsp;</font></TD>
    <TD align=left valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
  </TR>
  <TR>
    <TD></TD>
    <TD colspan=3><HR SIZE=1></TD>
    <TD><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
    <TD colspan=2><HR SIZE=1></TD>
    <TD><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
  </TR>
  <TR>
    <TD></TD>
    <TD colspan=3><HR SIZE=1></TD>
    <TD><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
    <TD colspan=2><HR SIZE=1></TD>
    <TD><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF">&nbsp; </FONT></TD>
    <TD></TD>
    <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EBITDA <SUP>(1)</SUP> / Interest Expense</FONT></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">5.05&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">3.66&nbsp;</font></TD>
    <TD align=left valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">4.62&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">3.70&nbsp;</font></TD>
    <TD align=left valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
  </TR>
  <TR>
    <TD bgcolor=#c80303><FONT COLOR="#FFFFFF">&nbsp; </FONT></TD>
    <TD></TD>
    <TD colspan=3><HR SIZE=1></TD>
    <TD><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
    <TD colspan=2><HR SIZE=1></TD>
    <TD><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF">&nbsp; </FONT></TD>
    <TD></TD>
    <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Earnings per Share</FONT></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">0.70&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">0.97&nbsp;</font></TD>
    <TD align=left valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">1.08&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">1.46&nbsp;</font></TD>
    <TD align=left valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
  </TR>
  <TR>
    <TD bgcolor=#c80303><FONT COLOR="#FFFFFF">&nbsp; </FONT></TD>
    <TD></TD>
    <TD colspan=3><HR SIZE=1></TD>
    <TD><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
    <TD colspan=2><HR SIZE=1></TD>
    <TD><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN=CENTER rowspan=3><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF"><img src="kofnyse.gif"> </FONT></TD>
    <TD></TD>
    <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Average Shares Outstanding</FONT></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">1,846.5&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">1,846.4&nbsp;</font></TD>
    <TD align=left valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">1,846.5&nbsp;</font></TD>
    <TD align=center valign="bottom"><font size="2" face="Times New Roman, Times, serif">1,846.4&nbsp;</font></TD>
    <TD align=left valign="bottom"><font size="2" face="Times New Roman, Times, serif">&nbsp;</font></TD>
  </TR>
  <TR>
    <TD></TD>
    <TD colspan=7><HR SIZE=2 color=black></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD></TD>
    <TD COLSPAN=6 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="1">Expressed in million of Mexican pesos with purchasing power as of June 30, 2005, except for per share amount. </FONT></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="1" COLOR="#FFFFFF">&nbsp; </FONT> </TD>
    <TD></TD>
    <TD COLSPAN=6 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="1">(1) EBITDA = Operating income + Depreciation + Amortization &amp; Other Non-cash Charges. See reconciliation table on page 10.</FONT></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="1" COLOR="#FFFFFF">&nbsp; </FONT> </TD>
    <TD></TD>
    <TD COLSPAN=6 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="1">(2) Balance sheet figures for 2004 are as of December 31, 2004<br>
      (3) Net Debt = Total Debt - Cash </FONT></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="1" COLOR="#FFFFFF">&nbsp; </FONT> </TD>
  </tr>
  <TR VALIGN=Bottom>
    <TD bgcolor=#c80303 ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF">&nbsp; </FONT> </TD>
    <TD></TD>
    <TD COLSPAN=6  ALIGN=JUSTIFY><div align="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><IMG SRC="icone.gif">&nbsp;&nbsp;&nbsp;&nbsp;Total revenues increased 10.7% to Ps. 12,715 million in the second quarter of 2005.</FONT></div></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD rowspan="7" ALIGN=JUSTIFY  bgcolor=#c80303><div align="left"><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF"> </FONT> <FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF"> </FONT> <FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF"> </FONT> <FONT FACE="Times New Roman, Times, Serif" SIZE="1" COLOR="#FFFFFF"> </FONT> <FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF"> </FONT> <FONT FACE="Times New Roman, Times, Serif" SIZE="1" COLOR="#FFFFFF"> </FONT> <FONT FACE="Times New Roman, Times, Serif" SIZE="1" COLOR="#FFFFFF"> </FONT> <FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#FFFFFF"><B>For Further Information: </B><BR>
              <BR>
              <B>Investor Relations </B><BR>
              <BR>
        Alfredo Fern&#225;ndez<BR>
        <U>alfredo.fernandez@kof.com.mx</U><BR>
        (5255) 5081-5120 / 5121<BR>
        <BR>
        Julieta Naranjo<BR>
        <U>julieta.naranjo@kof.com.mx</U><BR>
        (5255) 5081-5148<BR>
        <BR>
        Oscar Garcia<BR>
        <U>oscar.garcia@kof.com.mx</U><BR>
        (5255) 5081-5186<BR>
        <BR>
        Website:<BR>
        <U>www.coca-colafemsa.com</U><BR>
        </FONT><BR>
    </div></TD>
    <TD></TD>
    <TD COLSPAN=6  ALIGN=JUSTIFY><div align="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><IMG SRC="icone.gif">&nbsp;&nbsp;&nbsp;&nbsp; Consolidated operating income grew 23.4% to Ps. 2,254 million, and operating margin improved 180 basis points to 17.7% in the second quarter of 2005.</FONT></div></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD></TD>
    <TD COLSPAN=6  ALIGN=JUSTIFY><div align="justify"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><IMG SRC="icone.gif">&nbsp;&nbsp;&nbsp;&nbsp; Consolidated majority net income decreased 28.1% to Ps. 1,284 million, driven by a one-time tax effect that increased net income in 2004, resulting in earnings per share of Ps. 0.70 for the second quarter of 2005. Excluding the effect of this
non-recurring item majority net income would have grown 129.7% </FONT></div></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD></TD>
    <TD COLSPAN=6  ALIGN=JUSTIFY>&nbsp;</TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD></TD>
    <TD COLSPAN=6 ALIGN=JUSTIFY>&nbsp;</TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD></TD>
    <TD COLSPAN=6 ALIGN=JUSTIFY><div align="justify"><font size="2" face="Times New Roman, Times, serif">Mexico City (July 28, 2005), Coca-Cola FEMSA, S.A. de C.V. (BMV: KOFL, NYSE: KOF) (&#147;Coca-Cola FEMSA&#148; or the &#147;Company&#148;), the largest <I>Coca-Cola</I> bottler in Latin America and the second-largest <I>Coca-Cola</I> bottler in the world in terms of sales volume, announces results for the second quarter 2005. </font> </div></TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD></TD>
    <TD valign=top COLSPAN=6 ALIGN=JUSTIFY>&nbsp;</TD>
  </TR>
  <TR VALIGN=Bottom>
    <TD></TD>
    <TD valign=top COLSPAN=6 ALIGN=JUSTIFY><div align="justify">
      <P><font size="2" face="Times New Roman, Times, serif">&#147;Our second-quarter results reflect our territories&#146; improved macro-economic landscape, coupled with our company&#146;s ongoing commercial strategies and structural initiatives. On the macro-economic front, our performance benefited from our markets&#146; continued economic recovery, positive seasonal factors and weather conditions, a relatively stable pricing environment, and currency appreciation against the U.S. dollar. </font></P>
      <P><font size="2" face="Times New Roman, Times, serif"> On the operations front, we were well-positioned to make the most of a more favorable macro environment. Our comprehensive packaging portfolio and multi-segmentation strategy helped drive top-line growth in the majority of our territories, while our more efficient operating structure bolstered our bottom line companywide.&#148; said Carlos Salazar, Chief Executive Officer of the Company. </font></P>
    </div></TD>
  </TR>
</TABLE>
<BR>
<HR SIZE=2 color=black>
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    <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>July 28, 2005</FONT></TD>
    <TD WIDTH=42% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="rodape.gif"></FONT></TD>
    <TD WIDTH=8% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page 1&nbsp;</FONT></TD>
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<p style="page-break-before:always ">
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  <TR valign=bottom>
    <TD width=80%><FONT FACE="Times New Roman, Times, Serif" SIZE="2" color=gray>Consolidated Results </FONT></TD>
    <TD width=20% ALIGN="right"><IMG SRC="logo_kof.gif"></TD>
  </TR>
</table>
<hr size=2 color=gray>
<P>
<B>CONSOLIDATED RESULTS</B></P>
<P>
Our consolidated revenues increased 10.7% to Ps. 12,715 million in the second quarter of 2005 as a result of increases in all of our territories with the exception of Central America; Mexico and Brazil represented over 70% of our growth.
Consolidated average price per unit case was 1.2% higher in the second quarter of 2005 than in the same period of the previous year<A href="#page_2">,</A> at Ps<A href="#page_2">.</A> 25.96 (US$ 2.41) <SUP>1</SUP>, driven by average price increases
across all of our territories except Central America. </P>
<P>
Total sales volume increased 9.5% to 486.9 million unit cases in the second quarter of 2005 as compared with the same period of 2004. Sales volume growth in Mexico and Brazil accounted for over 70% of our incremental volume. Carbonated soft drinks
sales volume grew 7.8% to 405.5 million unit cases, driven by incremental volumes across all of our territories. </P>
<P>
Our gross profit rose 11.7% to Ps. 6,306 million in the second quarter of 2005, compared with the second quarter of 2004; Mexico and Brazil represented over 80% of our growth. Gross margin increased 40 basis points to 49.6% in the second quarter of
2005 from 49.2% in the same period of 2004..</P>
<P>
Our consolidated operating income grew 23.4% to Ps. 2,254 million in the second quarter of 2005 as a result of operating income increases in all of our territories except Venezuela and Argentina. Mexico and Brazil accounted for over 90% of our
growth. Our operating margin improved 180 basis points to 17.7% in the second quarter of 2005 as compared with the same period of 2004.</P>
<P>
During the second quarter of 2005, our integral cost of financing totaled Ps. 284 million, reflecting a reduction of our debt levels and lower interest expenses from our U.S. dollar denominated debt resulting from the appreciation of the Mexican
peso against the U.S. dollar applied to our U.S. dollar denominated interest expenses; and a larger foreign exchange gain resulting from the appreciation of the Mexican peso against the U.S. dollar applied to our U.S. dollar denominated liabilities.
</P>
<P>
During the second quarter of 2005, income tax, tax on assets and employee profit sharing as a percentage of income before taxes was 31.8%, reflecting a reduction in income tax rate in Mexico during this year. </P>
<P>
Our consolidated majority net income was Ps. 1,284 million in the second quarter of 2005, a decrease of 28.1% compared to the second quarter of 2004 mainly driven by a one-time tax reimbursement that increased net income during 2004<SUP>2</SUP>.
Excluding the effect of this non-recurring item majority net income would have grown 129.7% . Earnings per share (&#147;EPS&#148;) were Ps. 0.70 (US$ 0.65 per ADR) computed on the basis of 1,846.5 million shares outstanding (each ADR represents 10
local shares).</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<div align="left">________________________________________</div>
<P>
<SUP><font size="1">1</font></SUP><font size="1"> Using a foreign exchange rate of Ps. 10.7645 per U.S. dollar <br>
<SUP>2</SUP> During the second quarter of 2004 we obtained a tax reimbursement in connection with a deduction of losses arising from a sale of shares during 2002 in the amount of Ps. 1,313 million; additionally there was a charge to income related
to interests and adjustments resulting from a change in the tax deduction criteria on coolers in Mexico, in the amount of Ps. 87 million. The net effect of these two transactions was Ps. 1,226 million. </font></P>
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    <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>July 28, 2005</FONT></TD>
    <TD WIDTH=42% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="rodape.gif"></FONT></TD>
    <TD WIDTH=8% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page 2 &nbsp;</FONT></TD>
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<p style="page-break-before:always ">
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    <TD width=80%><b><font face="Times New Roman, Times, Serif" size="2" color=gray>Balance Sheet and Consolidated Statement of Changes in Financial Position </font></b></TD>
    <TD width=20% ALIGN="right"><IMG SRC="logo_kof.gif"></TD>
  </TR>
</table>
<hr size=2 color=gray>



<P>
<B>BALANCE SHEET </B></P>
<P>
As of June 30, 2005, Coca-Cola FEMSA had a cash balance of Ps. 5,493 million (US$ 510 million), an increase of Ps. 1,794 million (US$ 166 million) compared with December 31, 2004, resulting from i) new debt acquired in part to pay down upcoming
maturities of our &#147;<I>Certificados Bursatiles</I>&#148;, ii) internal cash generation and iii) a decrease in working capital, which was mainly driven by the seasonality of our business. This increase more than offset a dividend payment made
during the quarter in the amount of Ps. 620 million (US$ 58 million).</P>
<P>
Total short-term debt was Ps. 3,235 million (US$ 301 million) and long-term debt was Ps. 22,744 million (US$ 2,113 million), an increase of Ps. 750 million (US$ 70 million) compared with year end of 2004, as a result of the above-mentioned new debt.
Net debt decreased approximately Ps. 1,044 million (US$ 97 million) compared with year end of 2004, this included a Ps. 199 million (US$18 million) debt decrease due to the effect of the Mexican peso&#146;s appreciation versus the U.S. dollar from
Ps. 11.15 to Ps. 10.76 as applied to our U.S. dollar denominated debt in the second quarter of 2005.</P>
<P>
During the quarter, the Company successfully refinanced approximately US$ 322 million of bank debt, with longer tenors and tighter pricing conditions. Weighted average cost of debt for the second quarter was 9.1% . </P>
<P>
The following charts set forth the Company&#146;s debt profile by currency and interest rate type as of June 30, 2005: <B> </B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=70%></TD>
<TD width=2%></TD>
<TD width=13%></TD>
<TD width=2%></TD>
<TD width=13%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left><B>Currency</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center><B>% Total Debt</B><B><SUP>(2)</SUP></B></TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Interest Rate</B>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>Floating</B><B><SUP>(2)</SUP></B></TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>U.S. dollars&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>22%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>5%&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Mexican pesos&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>74%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>21%&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Colombian pesos&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>100%&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Other <SUP>(1)</SUP></TD>
<TD>&nbsp;</TD>
<TD align=center>1%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>100%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
</TABLE>
<BR>
<SUP>(1)</SUP> Includes the equivalent of US$ 27.9 million denominated in Argentine pesos, US$ 3.6 million denominated in Venezuelan bolivares, and US$ 4.9 million denominated in Guatemalan quetzales.<br>
<SUP>(2)</SUP> After giving effect to
cross-currency swaps.<B> <br>
<br>
</B>
<P>
<B>Consolidated Statement of Changes in Financial Position<br>
</B>Expressed in million of Mexican pesos and U.S. dollars as of June 30, 2005</P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=70%></TD>
<TD width=2%></TD>
<TD width=13%></TD>
<TD width=2%></TD>
<TD width=13%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD colspan="3" align=center><B><I>Jan - Jun 2005</I></B>&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B><I>Ps.</I></B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B><I>USD </I></B><B><I><SUP>(1)</SUP></I></B></TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>Net income&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,974&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right> &nbsp; &nbsp;183&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Non cash charges to net income&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,084&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right> &nbsp;101&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>3,058</B>&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right> &nbsp;<B>284</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD>&nbsp;</TD>
<TD></TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right"></TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Change in working capital&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>(936)</TD>
<TD align="right">&nbsp;</TD>
<TD align=right> &nbsp; &nbsp;(87)</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left><B>NRGOA</B><B><SUP>(2)</SUP></B></TD>
<TD>&nbsp;</TD>
<TD align=right><B>2,122</B>&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right> &nbsp;<B>197</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>Capital expenditures&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>(602)</TD>
<TD align="right">&nbsp;</TD>
<TD align=right> &nbsp; &nbsp;(56)</TD></TR>
<TR valign="bottom">
<TD align=left>Dividend payments&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>(620)</TD>
<TD align="right">&nbsp;</TD>
<TD align=right> &nbsp; &nbsp;(58)</TD></TR>
<TR valign="bottom">
<TD align=left>Debt acquired to refinance short term debt&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,270&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right> &nbsp;118&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Financial transactions&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>(398)</TD>
<TD align="right">&nbsp;</TD>
<TD align=right> &nbsp; &nbsp;(37)</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left><B>Increase in cash and cash equivalents</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>1,772</B>&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right> &nbsp;<B>164</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>Cash and cash equivalents at beginning of period&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,699&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right> &nbsp;344&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Cash and cash equivalents at the end of period&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>5,471&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right> &nbsp;508&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
</TABLE>
<p><sup>(1)</sup>&nbsp;Expressed in US$ millions assuming a foreign exchange rate of Ps. 10.7645 per U.S. dollar<br>
<sup>(2)</sup>&nbsp;Net Resources Generated by Operating Activities</p>

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    <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>July 28, 2005</FONT></TD>
    <TD WIDTH=42% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="rodape.gif"></FONT></TD>
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<p style="page-break-before:always ">
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  <TR valign=bottom>
    <TD width=80%><b><font face="Times New Roman, Times, Serif" size="2" color=gray>Mexican and Central American Operating Results</font></b></TD>
    <TD width=20% ALIGN="right"><IMG SRC="logo_kof.gif"></TD>
  </TR>
</table>
<hr size=2 color=gray>
<br>

<P>
<B>MEXICAN OPERATING RESULTS </B></P>
<P>
<B><I>Revenues</I></B> </P>
<P>
Revenues from our Mexican territories increased 9.4% to Ps. 7,591 million in the second quarter of 2005, as compared with the same period of the previous year. Sales volume growth represented over 85% of the increase in revenues. Average price per
unit case grew 0.9% to Ps. 27.19 (US$ 2.53) during the second quarter of 2005. Higher average prices resulted from price increases implemented in the first quarter of 2005 and sales volume growth in single-serve presentations, which carry a higher
average price per unit case. Excluding <I>Ciel</I> water volume in 5.0, 19.0 and 20.0 -liter packaging presentations, our average price per unit case was Ps. 31.90 (US$ 2.96) . </P>
<P>
Total sales volume increased 8.4% to 278.6 million unit cases in the second quarter of 2005, as compared with the second quarter of 2004, mainly resulting from i) a strong marketing campaign and commercial strategies implemented around the
<I>Coca-Cola </I>brand, ii) two more work days than a year ago, because Easter fell in the first quarter this year; iii) low comparable sales volumes and iv) higher temperatures in Mexico City. Carbonated soft drinks sales volume grew 5.6% compared
with the same period of the previous year, mainly driven by the <I>Coca-Cola</I> brand. The increase in carbonated soft drinks sales volume represented over 50% of our incremental volume; the balance was mainly comprised of water volume growth in
both jug and single-serve presentations. Excluding water, the non-carbonated beverage segment grew 15.2% in the second quarter of 2005 as a result of volume growth in <I>Powerade</I> and <I>Nestea</I>. </P>
<P>
<B><I>Operating Income </I></B></P>
<P>
Our gross profit grew 10.7% to Ps. 4,039 million in the second quarter of 2005, compared with the same period of 2004, resulting in a 60 basis-point expansion of our gross margin to 53.2% . This growth was mainly driven by a decrease in sweetener
costs and an appreciation of the Mexican peso as applied to our U.S. dollar-denominated costs year over year. </P>
<P>
Operating expenses as a percentage of total revenues declined 140 basis points to 30.9% in the second quarter of 2005, from 32.3% in the same period of 2004, as a result of higher fixed cost absorption from our higher sales volume. Operating income
increased 20.1% to Ps. 1,691 million in the second quarter of 2005, improving our operating income margin by 200 basis points for the quarter. </P>
<P>
<B>CENTRAL AMERICAN OPERATING RESULTS (Guatemala, Nicaragua, Costa Rica and Panama)</B> </P>
<P>
<B><I>Revenues </I></B></P>
<P>
Revenues decreased 1.1% to Ps. 845 million in the second quarter of 2005, as compared with the same period of the previous year, driven by lower average price per unit case. Average price per unit case declined 5.1% to Ps. 30.22 (US$ 2.81), mainly
as a result of a more competitive environment and a shift in our multi-serve packaging mix towards larger presentations. </P>
<P>
Total sales volume in our Central American territories grew 4.1% to 27.9 million unit cases in the second quarter of 2005, as compared with the same period of 2004. Volume growth from the <I>Coca-Cola</I> brand accounted for over 80% of our
incremental volume and the non-carbonated segment, including bottled water, represented a majority of the balance. </P>
<P>
<B><I>Operating Income </I></B></P>
<P>
Gross profit declined 1.9% in the second quarter of 2005, as compared with the same period of 2004, to Ps. 415 million. As a percentage of total revenues gross margin decreased 40 basis points mainly as a result of lower average prices per unit
case.</P>
<P>
Our operating income increased 40.0% to Ps. 112 million in the second quarter of 2005, compared with the same period of 2004, driven by an 11.7% decrease in operating expenses. Operating expenses decline resulted from i) reduction in depreciation
and amortization expenses, due to higher average period used to depreciate assets, ii) a reduction in marketing expenses, and iii) savings achieved through cost reduction efforts throughout the region, such as sharing back office services. Despite
gross margin reduction, our operating margin increased 400 basis points to 13.3% .</P>
<P>&nbsp;</P>
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    <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>July 28, 2005</FONT></TD>
    <TD WIDTH=42% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="rodape.gif"></FONT></TD>
    <TD WIDTH=8% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page 4 &nbsp;</FONT></TD>
  </TR>
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<p style="page-break-before:always ">
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  <TR valign=bottom>
    <TD width=80%><b><FONT FACE="Times New Roman, Times, Serif" SIZE="2" color=gray>Colombian and Venezuelan Operating Results</FONT></b></TD>
    <TD width=20% ALIGN="right"><IMG SRC="logo_kof.gif"></TD>
  </TR>
</table>
<hr size=2 color=gray>
<P>
<B>COLOMBIAN OPERATING RESULTS </B> </P>
<P>
<B><I>Revenues </I></B> </P>
<P>
Total revenues increased 14.0% to Ps. 1,116 million in the second quarter of 2005, as compared with the second quarter of 2004. Higher volumes drove over 80% of this growth, and higher average prices drove the balance. Our average price per unit
case grew 2.5% to Ps. 25.08 (US$ 2.33) as a result of price increases implemented in May 2004 and a packaging mix shift to non-returnable presentations, which have higher prices per unit case. </P>
<P>
Total sales volume grew 11.3%, as compared with the same period of 2004, to 44.5 million unit cases in the second quarter of 2005. Our flavored carbonated soft drinks category accounted for over 75% of our incremental volume, and the
<I>Coca-Cola</I> brand represented the remainder. </P>
<P>
<B><I>Operating Income </I></B></P>
<P>
Gross profit increased 12.1% to Ps. 491 million in the second quarter of 2005, as compared with the same period of the previous year, resulting in a gross margin of 44.0% . The gross margin decline of 80 basis points was mainly driven by a packaging
mix shift to non-returnable presentations, which grew as a percentage of our total sales volume to 46.8% from 42.1% in the second quarter 2004.</P>
<P>
Operating income increased 4.1% to Ps. 101 million in the second quarter of 2005, as compared with the same period of 2004, declining slightly as a percentage of sales. Operating expenses increased 14.4%, driven by a higher introduction of
returnable bottles into the market and higher marketing expenses, both related with the launch of <I>Crush</I>.</P>
<P>
<B>VENEZUELAN OPERATING RESULTS </B></P>
<P>
<B><I>Revenues </I></B> </P>
<P>
Revenues from our Venezuelan operations increased 15.9% to Ps. 1,224 million in the second quarter of 2005, as compared with the same period of 2004, this mainly driven by sales volume growth that accounted for over 70% of our incremental revenues.
Our average price grew 3.8% to Ps. 27.00 (US$ 2.51) as a result of price increases implemented in the second half of 2004.</P>
<P>
Total sales volume increased 11.6% to 45.3 million unit cases during the second quarter of 2005, as compared with the same quarter of 2004, driven mainly by carbonated soft drinks that accounted for over 85% of our incremental volume. Bottled water
sales volumes grew 11.1% for the quarter. </P>
<P>
<B><I>Operating Income </I></B></P>
<P>
Gross profit increased 14.8% to Ps. 503 million in the second quarter of 2005, as compared with the same period of the previous year. Nonetheless, as a percentage of sales, our gross margin decreased to 41.1% in the second quarter of 2005 from 41.5%
in the same period of 2004. This decline was a result of i) higher raw material prices, ii) a devaluation of the Venezuelan Bolivar against the U.S. dollar as applied to our U.S. dollar-denominated costs and iii) a shift in packaging mix to
non-returnable presentations.</P>
<P>
Operating expenses increased 24.1% to Ps. 448 million in the second quarter of 2005, rising 250 basis points to 36.6% from 34.1% in the same period of 2004. The increase was a consequence of inflation pressures reflected primarily in higher freight
costs and salary increases implemented during the quarter, in addition to the increases implemented in the second half of 2004. As a result of the above-mentioned factors, our operating income was Ps. 55 million, resulting in a reduction in
operating margin of 280 basis points to 4.5% as compared to the same period of 2004.</P>


<p>&nbsp;</p>
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  <TR VALIGN=Bottom>
    <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>July 28, 2005</FONT></TD>
    <TD WIDTH=42% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="rodape.gif"></FONT></TD>
    <TD WIDTH=8% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page 5&nbsp;</FONT></TD>
  </TR>
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<p style="page-break-before:always ">
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR valign=bottom>
    <TD width=80%><b><FONT FACE="Times New Roman, Times, Serif" SIZE="2" color=gray>Brazilian and Argentine Operating Results</FONT></b></TD>
    <TD width=20% ALIGN="right"><IMG SRC="logo_kof.gif"></TD>
  </TR>
</table>
<hr size=2 color=gray>
<P>
<B>BRAZILIAN OPERATING RESULTS</B></P>
<P>
<I>Beginning with this quarter, we will no longer include beer that we distribute in Brazil in our sales volumes and net sales. Instead, the amount we receive for distributing beer in Brazil will be included in other revenues. We have reclassified
prior periods presented in this press release for comparability purposes. We believe this presentation better reflects the performance of our core operations.</I><B> </B></P>
<P>
<B><I>Revenues </I></B> </P>
<P>
Our total revenues improved 22.9% to Ps. 1,343 million in the second quarter of 2005, as compared with the same period of 2004, mainly driven by sales volume growth. Average price per unit case grew 3.1% to Ps. 22.36 (US$ 2.08) as a result of a
channel mix shift towards more profitable channels, such as small retailers and on-premise consumption, which carry higher prices per unit case. </P>
<P>
Total sales volume increased 19.9% to 58.5 million unit cases in the second quarter of 2005. Carbonated soft drinks grew 17.9%, mainly driven by brands <I>Coca-Cola </I>and <I>Fanta.</I> Bottled water sales volume grew 52.0% in the quarter, driven
by an increase in the coverage of bottled water brand <I>Crystal </I>and favorable weather conditions. <I> </I></P>
<P>
<B><I>Operating Income </I></B></P>
<P>
In the second quarter of 2005, our gross profit increased 29.5% to Ps. 628 million, as compared with the same period of the previous year. Gross margin increased 240 basis points to 46.8%; manufacturing efficiencies and the appreciation of the
Brazilian real against the U.S. dollar as applied to our raw material costs more than offset higher international raw material prices. </P>
<P>
Our operating expenses as a percentage of total revenues decreased to 33.1% in the second quarter of 2005 from 37.3% in the same period of 2004 as a result of higher revenues and operating improvements such as route productivity and warehouse
management. Operating income was Ps. 184 million in the second quarter of 2005, resulting in a 660 basis-point expansion in operating margin to 13.7% in the second quarter of 2005 from 7.1% in the same period of 2004.</P>
<P>
<B>ARGENTINE OPERATING RESULTS </B></P>
<P>
<B><I>Revenues </I></B></P>
<P>
In Argentina, our total revenues increased 5.9% to Ps. 592 million in the second quarter of 2005, as compared with the same period of the previous year; higher average price per unit case accounted for over 65% of our revenue growth. Average price
per unit case increased 4.7% to Ps. 17.91 (US$ 1.66) as a result of price increases implemented during the first quarter of 2005 and our value-protection brands&#146; lower percentage of total sales volume. </P>
<P>
In the second quarter of 2005, total sales volume increased 2.2% to 32.1 million unit cases, as compared with the same period of 2004. Sales volume of non-carbonated beverages including water more than doubled and accounted for over 55% of the
incremental volume, with the balance driven mainly by the <I>Coca-Cola </I>brand and our premium carbonated soft-drink brands. </P>
<P>
<B><I>Operating Income </I></B></P>
<P>
Gross profit increased 5.1% to Ps. 227 million in the second quarter of 2005, as compared with the second quarter of 2004. Our gross margin was 38.3%, a slight decrease as compared with the second quarter of 2004, due to higher polyethylene
terephtalate (&#147;PET&#148;) resin prices and labor costs. </P>
<P>
Operating expenses increased 8.5% in the second quarter of 2005 mainly due to higher freight costs and salaries. Our operating income decreased 1.4% to Ps. 73 million in the second quarter of 2005, resulting in a decline of our operating margin to
12.4% from 13.2% in the same period of 2004. </P>

<p>&nbsp;</p>
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    <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>July 28, 2005</FONT></TD>
    <TD WIDTH=42% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="rodape.gif"></FONT></TD>
    <TD WIDTH=8% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page 6 &nbsp;</FONT></TD>
  </TR>
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<p style="page-break-before:always ">
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR valign=bottom>
    <TD width=80%><b><FONT FACE="Times New Roman, Times, Serif" SIZE="2" color=gray>Summary of Six Months Results and Recent Developments </FONT></b></TD>
    <TD width=20% ALIGN="right"><IMG SRC="logo_kof.gif"></TD>
  </TR>
</table>
<hr size=2 color=gray>
<P>
<B>SUMMARY OF SIX-MONTH RESULTS </B></P>
<P>
Our consolidated revenues increased 6.2% to Ps. 23,931 million in the first half of 2005, as compared with the first half of 2004, as a result of growth in all of our territories with the exception of Central America; Mexico
and Brazil represented approximately 60% of this growth. Consolidated average price per unit case increased 0.5% to Ps. 25.70 (US$ 2.39) in the first half of 2005. Average price increases in Colombia,
Venezuela, Brazil and Argentina more than offset lower average price in Mexico and Central America. </P>
<P>
Total sales volume increased 5.8% to 924.7 million unit cases in the first half of 2005, as compared with the same period of the previous year. Sales volume growth in Mexico and Brazil accounted for over 70% of our incremental volumes. Carbonated
soft-drink sales volume grew 5.0% to 779.9 million cases, driven by incremental volume across all of our territories. </P>
<P>
Our gross profit increased 6.4% to Ps. 11,714 million in the first half of 2005, as compared with the first half of the previous year, driven by gross profit growth across all of our territories except Central America. Brazil and Mexico accounted
for over 65% of this increase. Gross margin increased slightly to 48.9% during the first half of 2005 from 48.8% in the first half of 2004, driven by higher revenues in all of our territories except Central America.</P>
<P>
Our consolidated operating income increased 13.9% to Ps. 3,963 million in the first half of 2005, as compared with the first half of 2004. Brazil, Mexico and Colombia accounted for over 85% of this growth and more than offset an operating income
decline in Venezuela. Our operating margin improved 120 basis points to 16.6% in the first half of 2005. </P>
<P>
Our consolidated majority net income was Ps. 1,984 million in the first half of 2005, a decrease of 26.3% compared to the first half of 2004, driven by a one-time effect that increased net income during 2004<SUP>1</SUP> and a one-time effect that
decreased net income in the first quarter of 2005<SUP>2</SUP>. EPS were Ps. 1.08 (US$ 1.00 per ADR) computed on the basis of 1,846.5 million shares outstanding (each ADR represents 10 local shares). Excluding the above-mentioned effects of
non-recurring items majority net income would have grown by 43.3% . </P>
<P>
<B>RECENT DEVELOPMENTS </B></P>
<UL>
<LI>
On June 10, 2005, Moody&#146;s Investor Service upgraded the investment-grade rating on Coca-Cola FEMSA&#146;s foreign currency senior unsecured debt two notches, from Baa2 to A3. The upgrade reflects the Company&#146;s successful integration of
Panamco, the Company&#146;s significantly improved leverage from stronger cash flow and debt reduction and Coca-Cola FEMSA&#146;s growing strategic importance in the Coca-Cola system.<br>
<br>
</LI>
<LI>
On July 15, 2005, the Company fully paid the Ps. 2,586 million outstanding balance of its 2yr TIIE-based Certificado Burs&aacute;til (KOF 03-4), issued on July 18, 2003. This will be reflected on our balance sheet on the third quarter of 2005.</LI>
</UL>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<div align="left">
  <p>________________________________________</p>
  <p><sup><font size="1">1</font></sup><font size="1">&nbsp;During the second quarter of 2004 we obtained a tax reimbursement in connection with a deduction of losses arising from a sale of shares during 2002 in the amount of Ps. 1,313 million; additionally there was a charge to income related to interests and adjustments resulting from a change in the tax deduction criteria on coolers in Mexico, in the amount of Ps. 87 million. The net effect of these two transactions was Ps. 1,226 million. <br>
      <sup>2</sup>&nbsp;As we disclosed in the first quarter 2005, the tax authorities reviewed the payments in connection with the change in criteria that requires refrigerators to be treated as fixed assets with finite useful lives, which resulted in an additional one-time payment in Mexico in the amount of Ps. 118 million. </font></p>
</div>


<p>&nbsp;</p>
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    <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>July 28, 2005</FONT></TD>
    <TD WIDTH=42% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="rodape.gif"></FONT></TD>
    <TD WIDTH=8% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page 7 &nbsp;</FONT></TD>
  </TR>
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<p style="page-break-before:always ">
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR valign=bottom>
    <TD width=80%><b><FONT FACE="Times New Roman, Times, Serif" SIZE="2" color=gray>Conference Call Information and Disclaimer</FONT></b></TD>
    <TD width=20% ALIGN="right"><IMG SRC="logo_kof.gif"></TD>
  </TR>
</table>
<hr size=2 color=gray>
<P>
<B>CONFERENCE CALL INFORMATION </B></P>
<P>
Our second-quarter 2005 Conference Call will be held on: July 28, 2005, 11:00 A.M. Eastern Time (10:00 A.M. Mexico City Time). To participate in the conference call, please dial: Domestic U.S.: 800-901-5218 and International: 617-786-4511. We invite
investors to listen to the live audiocast of the conference call on the Company&#146;s website, <U><font color="#0000FF">www.coca-colafemsa.com</font></U></P>
<P>
If you are unable to participate live, an instant replay of the conference call will be available through August 4, 2005. To listen to the replay, please dial: Domestic U.S.: 888-286-8010 or International: 617-801-6888. Pass code: 98344233. </P>
<P>&nbsp;</P>
<center><IMG SRC="bolinhas.gif"></center>
<P>
Coca-Cola FEMSA, S.A. de C.V. produces and distributes <I>Coca-Cola, Sprite, Fanta, Lift</I> and other trademark beverages of The Coca-Cola Company in Mexico (a substantial part of central Mexico, including Mexico City and southeast Mexico),
Guatemala (Guatemala City and surrounding areas), Nicaragua (nationwide), Costa Rica (nationwide), Panama (nationwide), Colombia (most of the country), Venezuela (nationwide), Brazil (greater S&atilde;o Paulo, Campi&ntilde;as, Santos, the state of
Mato Grosso do Sul and part of the state of Goias) and Argentina (federal capital of Buenos Aires and surrounding areas), along with bottled water, beer and other beverages in some of these territories. The Company has 30 bottling facilities in
Latin America and serves approximately 1,500,000 retailers in the region. The Coca-Cola Company owns a 39.6% equity interest in Coca-Cola FEMSA. </P>
<center><IMG SRC="bolinhas.gif"></center>
<P>
Figures for the Company&#146;s operations in Mexico and its consolidated international operations were prepared in accordance with Mexican generally accepted accounting principles (Mexican GAAP). All figures are expressed in constant Mexican pesos
with purchasing power at June 30, 2005. For comparison purposes, 2004 and 2005 figures from the Company&#146;s operations have been restated taking into account local inflation of each country with reference to the consumer price index and converted
from local currency into Mexican pesos using the exchange rate at the end of the period. In addition, all comparisons in this report for the second quarter of 2005, which ended on June 30, 2005, are made against the figures for the comparable period
in 2004, unless otherwise noted. </P>
<P>
This news release may contain forward-looking statements concerning Coca-Cola FEMSA&#146;s future performance and should be considered as good faith estimates by Coca-Cola FEMSA. These forward-looking statements reflect management&#146;s
expectations and are based upon currently available data. Actual results are subject to future events and uncertainties, many of which are outside Coca-Cola FEMSA&#146;s control, that could materially impact the Company&#146;s actual performance.
</P>
<P>
References herein to &#147;US$&#148; are to United States dollars. This news release contains translations of certain Mexican peso amounts into U.S. dollars for the convenience of the reader. These translations should not be construed as
representations that Mexican peso amounts actually represent such U.S. dollar amounts or could be converted into U.S. dollars at the rate indicated. </P>
<center><IMG SRC="bolinhas.gif"></center>
<P align="center">
(7 pages of tables to follow)</P>


<p><br>
</p>
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    <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>July 28, 2005</FONT></TD>
    <TD WIDTH=42% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="rodape.gif"></FONT></TD>
    <TD WIDTH=8% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page 8 &nbsp;</FONT></TD>
  </TR>
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<p style="page-break-before:always ">
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR valign=bottom>
    <TD width=80%><b><FONT FACE="Times New Roman, Times, Serif" SIZE="2" color=gray>Consolidated Balance Sheet</FONT></b></TD>
    <TD width=20% ALIGN="right"><IMG SRC="logo_kof.gif"></TD>
  </TR>
</table>
<hr size=2 color=gray>
<P>
<B>Consolidated Balance Sheet<br>
</B>Expressed in million of Mexican pesos with purchasing power as of June 30, 2005 </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=40%></TD>
<TD width=2%></TD>
<TD width=13%></TD>
<TD width=2%></TD>
<TD width=13%></TD>
<TD width=2%></TD>
<TD width=13%></TD>
<TD width=2%></TD>
<TD width=13%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left><B>Assets</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>Jun-05</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>Dec-04</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left><B>Current Assets</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Cash and cash equivalents&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>Ps.&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>5,493&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>Ps.&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,699&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>Total accounts receivable&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,753&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,170&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>Inventories&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,666&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,533&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Prepaid expenses and other&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,043&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>857&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>Total current assets&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>10,955&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>9,259&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left><B>Property, plant and equipment</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Property, plant and equipment&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>30,277&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>30,606&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Accumulated depreciation&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>-13,105&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>-12,789&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Bottles and cases&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>951&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,049&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>Total property, plant and equipment, net&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>18,123&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>18,866&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left><B>Investment in shares and other</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>771&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>435&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left><B>Deferred charges, net</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,398&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,474&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left><B>Intangibles</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>37,995&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>37,888&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left><B>Total Assets</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>Ps.</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>69,242</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>Ps.</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>67,922</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
</TABLE>
<br>
<br>
<BR>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=40%></TD>
<TD width=2%></TD>
<TD width=13%></TD>
<TD width=2%></TD>
<TD width=13%></TD>
<TD width=2%></TD>
<TD width=13%></TD>
<TD width=2%></TD>
<TD width=13%></TD></TR>
  <TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left><B>Liabilities and Stockholders' Equity</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>Jun-05</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>Dec-04</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left><B>Current Liabilities</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Short-term bank loans and notes&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>Ps.&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,235&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>Ps.&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,306&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Interest payable&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>266&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>316&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Suppliers&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,911&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>4,180&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Other current liabilities&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,547&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,073&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>Total Current Liabilities&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>9,959&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>10,875&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>Long-term bank loans&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>22,744&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>21,923&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Pension plan and seniority premium&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>659&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>649&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Other liabilities&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>4,158&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>4,081&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>Total Liabilities&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>37,521&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>37,528&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left><B>Stockholders' Equity</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Minority interest&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>727&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>723&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Majority interest:&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Capital stock&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,816&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,816&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Additional paid in capital&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>12,046&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>12,046&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Retained earnings of prior years&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>16,901&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>12,085&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Net income for the period&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,984&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>5,436&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Cumulative results of holding non-monetary assets&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>-2,753&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>-2,712&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>Total majority interest&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>30,994&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>29,671&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>Total stockholders' equity&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>31,721&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>30,394&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left><B>Total Liabilities and Equity</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>Ps.</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>69,242</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>Ps.</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>67,922</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
</TABLE>
<p><BR>
</p>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR VALIGN=Bottom>
    <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>July 28, 2005</FONT></TD>
    <TD WIDTH=42% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="rodape.gif"></FONT></TD>
    <TD WIDTH=8% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page 9 &nbsp;</FONT></TD>
  </TR>
</TABLE>
<p style="page-break-before:always ">
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR valign=bottom>
    <TD width=80%><b><FONT FACE="Times New Roman, Times, Serif" SIZE="2" color=gray>Consolidated Income Statement</FONT></b></TD>
    <TD width=20% ALIGN="right"><IMG SRC="logo_kof.gif"></TD>
  </TR>
</table>
<hr size=2 color=gray>
<P>
<B>Consolidated Income Statement<br>
</B>Expressed in million of Mexican pesos<SUP>(1)</SUP> with purchasing power as of June 30, 2005</P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=40%></TD>
<TD width=2%></TD>
<TD width=13%></TD>
<TD width=2%></TD>
<TD width=13%></TD>
<TD width=2%></TD>
<TD width=13%></TD>
<TD width=2%></TD>
<TD width=13%></TD></TR>
  <TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>2Q 05</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>2Q 04</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>YTD 05</B>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right><B>YTD 04</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Sales volume (million unit cases)</TD>
<TD>&nbsp;</TD>
<TD align=right>486.9&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>444.6&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>924.7&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>874.3&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Average price per unit case&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>25.96&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>25.66&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>25.70&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>25.57&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Net revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>12,640&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>11,408&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>23,766&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>22,356&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Other operating revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>75&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>76&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>165&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>186&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Total revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>12,715&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>11,484&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>23,931&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>22,542&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Cost of sales&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>6,409&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>5,836&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>12,217&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>11,535&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Gross profit&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>6,306&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>5,648&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>11,714&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>11,007&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Operating expenses&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>4,052&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,821&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>7,751&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>7,527&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Operating income&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,254&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,827&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,963&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,480&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left> &nbsp; &nbsp; &nbsp;Interest expense&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>566&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>667&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,115&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,274&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left> &nbsp; &nbsp; &nbsp;Interest income&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>82&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>48&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>142&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>87&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left> &nbsp; &nbsp; &nbsp;Interest expense, net&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>484&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>619&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>973&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,187&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left> &nbsp; &nbsp; &nbsp;Foreign exchange loss (gain)</TD>
<TD>&nbsp;</TD>
<TD align=right>(223)</TD>
<TD>&nbsp;</TD>
<TD align=right>271&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>(238)</TD>
<TD>&nbsp;</TD>
<TD align=right>210&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left> &nbsp; &nbsp; &nbsp;Loss (gain) on monetary position&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>23&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>(37)</TD>
<TD>&nbsp;</TD>
<TD align=right>(159)</TD>
<TD>&nbsp;</TD>
<TD align=right>(511)</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Integral cost of financing&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>284&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>853&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>576&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>886&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Other (income) expenses, net&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>85&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>174&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>204&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>242&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Income before taxes&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,885&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>800&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,183&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,352&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Taxes&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>600&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>(985)</TD>
<TD>&nbsp;</TD>
<TD align=right>1,186&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>(341)</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Consolidated net income&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,285&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,785&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,997&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,693&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Majority net income&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,284&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,785&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,984&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,693&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Minority net income&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>-&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>13&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>-&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR>
<TD colspan=9>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Operating income&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,254&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,827&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,963&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,480&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Depreciation&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>316&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>314&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>622&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>644&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Amortization and Other non-cash charges <SUP>(2)</SUP></TD>
<TD>&nbsp;</TD>
<TD align=right>289&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>304&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>564&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>587&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>EBITDA <SUP>(3)</SUP></TD>
<TD>&nbsp;</TD>
<TD align=right>2,859&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,445&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>5,149&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>4,711&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<P>
(1) Except volume and average price per unit case figures.<br>
(2) Includes returnable bottel breakage expense.<br>
(3) EBITDA = Operating Income + Depreciation +Amortization &amp; Other non-cash charges.<br>
</P>
<hr size=2 color=gray>
<P>&nbsp; </P>
<p> </p>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR VALIGN=Bottom>
    <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>July 28, 2005</FONT></TD>
    <TD WIDTH=42% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="rodape.gif"></FONT></TD>
    <TD WIDTH=8% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page 10 &nbsp;</FONT></TD>
  </TR>
</TABLE>
<p style="page-break-before:always ">
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR valign=bottom>
    <TD width=80%><b><FONT FACE="Times New Roman, Times, Serif" SIZE="2" color=gray>Mexican and Central American operations</FONT></b></TD>
    <TD width=20% ALIGN="right"><IMG SRC="logo_kof.gif"></TD>
  </TR>
</table>
<hr size=2 color=gray>

<P>
<B>Mexican operations<br>
</B>Expressed in million of Mexican pesos<SUP>(1)</SUP> with purchasing power as of June 30, 2005</P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=34%></TD>
<TD width=2%></TD>
<TD width=5%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=5%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=5%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan=17 align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center><B>2Q 05</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>2Q 04</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>YTD 05</B></TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>YTD 04</B></TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Sales volume (million unit cases)</TD>
<TD>&nbsp;</TD>
<TD align=right>278.6&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>257.0&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>506.3&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>485.2&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Average price per unit case&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>27.19&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>26.94&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>26.97&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>27.25&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Net revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>7,574&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>6,923&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>13,654&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>13,220&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Other operating revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>17&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>18&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>35&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>49&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Total revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>7,591&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>6,941&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>13,689&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>13,269&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Cost of sales&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,552&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>46.8%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,292&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>47.4%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>6,497&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>47.5%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>6,284&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>47.4%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Gross profit&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>4,039&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>53.2%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,649&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>52.6%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>7,192&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>52.5%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>6,985&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>52.6%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Operating expenses&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,348&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>30.9%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,241&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>32.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>4,423&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>32.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>4,364&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>32.9%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Operating income&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,691&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>22.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,408&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>20.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,769&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>20.2%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,621&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>19.8%&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Depreciation, Amortization &amp; Other non-cash charges <SUP>(2)</SUP></TD>
<TD>&nbsp;</TD>
<TD align=right>357&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>4.7%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>342&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>4.9%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>691&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>5.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>700&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>5.3%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>EBITDA <SUP>(3)</SUP></TD>
<TD>&nbsp;</TD>
<TD align=right>2,048&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>27.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,750&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>25.2%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,460&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>25.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3,321&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>25.0%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<P>
(1) Except volume and average price per unit case figures.<br>
(2) Includes returnable bottle breakage expense.<br>
(3) EBITDA = Operating Income + Depreciation + Amortization &amp; Other non-cash charges.<br>
</P>
<hr size=2 color=gray>
<P><br>
</P>
<P>
<B>Central American operations<br>
</B>Expressed in million of Mexican pesos<SUP>(1)</SUP> with purchasing power as of June 30, 2005</P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=35%></TD>
<TD width=2%></TD>
<TD width=5%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=5%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=5%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=5%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan=17 align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center><B>2Q 05</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>2Q 04</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>YTD 05</B></TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>YTD 04</B></TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>Sales volume (million unit cases)</TD>
<TD>&nbsp;</TD>
<TD align=right>27.9&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>26.8&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>54.1&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>53.3&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Average price per unit case&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>30.22&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>31.83&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>30.83&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>31.91&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Net revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>843&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>853&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,668&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,701&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Other operating revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>5&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Total revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>845&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>854&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,670&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,706&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Cost of sales&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>430&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>50.9%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>431&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>50.5%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>856&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>51.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>880&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>51.6%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Gross profit&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>415&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>49.1%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>423&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>49.5%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>814&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>48.8%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>826&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>48.4%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Operating expenses&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>303&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>35.9%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>343&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>40.2%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>592&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>35.5%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>644&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>37.7%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Operating income&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>112&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>13.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>80&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>9.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>222&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>13.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>182&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>10.7%&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Depreciation, Amortization &amp; Other non-cash charges <SUP>(2)</SUP></TD>
<TD>&nbsp;</TD>
<TD align=right>53&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>6.2%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>80&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>9.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>107&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>6.4%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>140&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>8.2%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>EBITDA <SUP>(3)</SUP></TD>
<TD>&nbsp;</TD>
<TD align=right>165&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>19.5%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>160&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>18.8%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>329&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>19.7%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>322&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>18.9%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<P>
(1) Except volume and average price per unit case figures. <br>
(2) Includes returnable bottle breakage expense.<br>
(3) EBITDA = Operating Income + Depreciation + Amortization &amp; Other non-cash charges.<br>
</P>
<hr size=2 color=gray>
<P>&nbsp; </P>
<p> </p>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR VALIGN=Bottom>
    <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>July 28, 2005</FONT></TD>
    <TD WIDTH=42% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="rodape.gif"></FONT></TD>
    <TD WIDTH=8% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page 11&nbsp;</FONT></TD>
  </TR>
</TABLE>
<p style="page-break-before:always ">
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR valign=bottom>
    <TD width=80%><b><FONT FACE="Times New Roman, Times, Serif" SIZE="2" color=gray>Colombian and Venezuelan operations</FONT></b></TD>
    <TD width=20% ALIGN="right"><IMG SRC="logo_kof.gif"></TD>
  </TR>
</table>
<hr size=2 color=gray>

<P>
<B>Colombian operations<br>
</B>Expressed in million of Mexican pesos<SUP>(1)</SUP> with purchasing power as of June 30, 2005</P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=35%></TD>
<TD width=2%></TD>
<TD width=5%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=5%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=5%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=5%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="17" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center><B>2Q 05</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>2Q 04</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>YTD 05</B></TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>YTD 04</B></TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>Sales volume (million unit cases)</TD>
<TD>&nbsp;</TD>
<TD align=right>44.5&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>40.0&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>86.6&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>81.5&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Average price per unit case&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>25.08&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>24.48&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>25.20&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>24.05&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Net revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,116&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>979&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,182&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,960&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Other operating revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right> &nbsp; &nbsp;-&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right> &nbsp; &nbsp;-&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>-&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>-&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Total revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,116&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>979&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,182&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,960&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Cost of sales&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>625&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>56.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>541&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>55.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,215&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>55.7%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,086&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>55.4%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Gross profit&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>491&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>44.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>438&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>44.8%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>967&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>44.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>874&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>44.6%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Operating expenses&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>390&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>34.9%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>341&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>34.9%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>771&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>35.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>736&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>37.5%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Operating income&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>101&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>9.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>97&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>9.9%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>196&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>9.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>138&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>7.0%&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Depreciation, Amortization &amp; Other non-cash charges <SUP>(2)</SUP></TD>
<TD>&nbsp;</TD>
<TD align=right>74&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>6.7%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>85&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>8.7%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>144&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>6.6%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>165&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>8.4%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>EBITDA <SUP>(3)</SUP></TD>
<TD>&nbsp;</TD>
<TD align=right>175&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>15.7%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>182&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>18.6%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>340&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>15.6%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>303&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>15.5%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<P>
(1) Except volume and average price per unit case figures. <br>
(2) Includes returnable bottle breakage expense.<br>
(3) EBITDA = Operating Income + Depreciation + Amortization &amp; Other non-cash charges.<br>
</P>
<hr size=2 color=gray>
<P>  <br>
  <br>
</P>
<P>
<B>Venezuelan operations<br>
</B>Expressed in million of Mexican pesos<SUP>(1)</SUP> with purchasing power as of June 30, 2005</P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=35%></TD>
<TD width=2%></TD>
<TD width=5%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=5%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=5%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=5%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="17" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center><B>2Q 05</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>2Q 04</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>YTD 05</B></TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>YTD 04</B></TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Sales volume (million unit cases)</TD>
<TD>&nbsp;</TD>
<TD align=right>45.3&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>40.6&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>85.7&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>81.5&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Average price per unit case&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>27.00&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>26.00&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>26.98&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>25.39&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Net revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,223&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,056&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,312&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,068&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Other operating revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left> &nbsp; &nbsp;-&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Total revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,224&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,056&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,314&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,069&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Cost of sales&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>721&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>58.9%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>618&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>58.5%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,357&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>58.6%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,231&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>59.5%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Gross profit&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>503&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>41.1%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>438&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>41.5%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>957&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>41.4%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>838&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>40.5%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Operating expenses&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>448&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>36.6%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>361&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>34.1%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>835&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>36.1%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>694&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>33.5%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Operating income&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>55&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>4.5%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>77&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>7.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>122&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>5.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>144&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>7.0%&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Depreciation, Amortization &amp; Other non-cash charges <SUP>(2)</SUP></TD>
<TD>&nbsp;</TD>
<TD align=right>58&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>4.7%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>52&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>4.9%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>113&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>4.9%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>110&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>5.3%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>EBITDA <SUP>(3)</SUP></TD>
<TD>&nbsp;</TD>
<TD align=right>113&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>9.2%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>128&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>12.2%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>235&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>10.1%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>254&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>12.3%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<P>
(1) Except volume and average price per unit case figures. <br>
(2) Includes returnable bottle breakage expense.<br>
(3) EBITDA = Operating Income + Depreciation + Amortization &amp; Other non-cash charges.<br>
</P>
<hr size=2 color=gray>
<P>&nbsp; </P>
<p> </p>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR VALIGN=Bottom>
    <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>July 28, 2005</FONT></TD>
    <TD WIDTH=42% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="rodape.gif"></FONT></TD>
    <TD WIDTH=8% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page 12&nbsp;</FONT></TD>
  </TR>
</TABLE>
<p style="page-break-before:always ">
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR valign=bottom>
    <TD width=80%><b><FONT FACE="Times New Roman, Times, Serif" SIZE="2" color=gray>Brazilian and Argentine operations</FONT></b></TD>
    <TD width=20% ALIGN="right"><IMG SRC="logo_kof.gif"></TD>
  </TR>
</table>
<hr size=2 color=gray>
<P>
<B>Brazilian operations<br>
</B>Expressed in million of Mexican pesos<SUP>(1)</SUP> with purchasing power as of June 30, 2005</P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=35%></TD>
<TD width=2%></TD>
<TD width=5%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=5%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=5%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=5%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="17" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center><B>2Q 05</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>2Q 04</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>YTD 05</B></TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>YTD 04</B></TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Sales volume (million unit cases)</TD>
<TD>&nbsp;</TD>
<TD align=right>58.5&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>48.8&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>120.6&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>104.3&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Average price per unit case&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>22.36&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>21.68&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>22.12&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>21.57&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Net revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,308&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,058&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,668&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,250&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Other operating revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>35&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>35&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>73&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>75&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Total revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,343&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,093&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,741&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,325&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Cost of sales&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>715&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>53.2%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>608&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>55.7%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,472&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>53.7%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,310&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>56.3%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Gross profit&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>628&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>46.8%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>485&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>44.4%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,269&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>46.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,015&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>43.7%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Operating expenses&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>444&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>33.1%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>407&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>37.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>867&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>31.6%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>835&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>35.9%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Operating income&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>184&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>13.7%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>78&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>7.1%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>402&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>14.7%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>180&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>7.7%&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Depreciation, Amortization &amp; Other non-cash charges <SUP>(2)</SUP></TD>
<TD>&nbsp;</TD>
<TD align=right>30&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2.2%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>26&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2.4%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>66&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2.4%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>52&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2.2%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>EBITDA <SUP>(3)</SUP></TD>
<TD>&nbsp;</TD>
<TD align=right>214&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>15.9%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>104&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>9.5%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>468&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>17.1%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>232&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>10.0%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<P>
(1) Except volume and average price per unit case figures.<br>
(2) Includes returnable bottle breakage expense.<br>
(3) EBITDA = Operating Income + Depreciation + Amortization &amp; Other non-cash charges.<br>
</P>
<hr size=2 color=gray>
<P>  <br>
  <br>
</P>
<P>
<B>Argentine operations<br>
</B>Expressed in million of Mexican pesos<SUP>(1)</SUP> with purchasing power as of June 30, 2005</P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=35%></TD>
<TD width=2%></TD>
<TD width=5%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=5%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=6%></TD>
<TD width=2%></TD>
<TD width=5%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD colspan="17" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center><B>2Q 05</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>2Q 04</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>YTD 05</B></TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>YTD 04</B></TD>
<TD align="center">&nbsp;</TD>
<TD align=center><B>% Rev</B>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Sales volume (million unit cases)</TD>
<TD>&nbsp;</TD>
<TD align=right>32.1&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>31.4&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>71.4&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>68.5&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Average price per unit case&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>17.91&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>17.10&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>17.97&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>16.88&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Net revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>575&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>537&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,283&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,156&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Other operating revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>17&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>22&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>53&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>57&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Total revenues&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>592&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>559&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,336&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,213&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>100.0%&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Cost of sales&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>365&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>61.7%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>343&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>61.4%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>824&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>61.7%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>745&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>61.5%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Gross profit&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>227&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>38.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>216&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>38.6%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>512&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>38.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>468&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>38.6%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Operating expenses&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>154&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>26.1%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>142&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>25.3%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>315&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>23.5%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>283&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>23.3%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Operating income&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>73&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>12.4%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>74&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>13.2%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>197&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>14.8%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>185&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>15.3%&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Depreciation, Amortization &amp; Other non-cash charges <SUP>(2)</SUP></TD>
<TD>&nbsp;</TD>
<TD align=right>32&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>5.4%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>32&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>5.8%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>65&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>4.8%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>65&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>5.3%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
<TD align=left>EBITDA <SUP>(3)</SUP></TD>
<TD>&nbsp;</TD>
<TD align=right>105&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>17.8%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>106&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>19.0%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>262&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>19.6%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>250&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>20.6%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<P>
(1) Except volume and average price per unit case figures.<br>
(2) Includes returnable bottle breakage expense.<br>
(3) EBITDA = Operating Income + Depreciation + Amortization &amp; Other non-cash charges.<br>
</P>
<hr size=2 color=gray>
<P>&nbsp; </P>
<p> </p>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR VALIGN=Bottom>
    <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>July 28, 2005</FONT></TD>
    <TD WIDTH=42% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="rodape.gif"></FONT></TD>
    <TD WIDTH=8% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page 13&nbsp;</FONT></TD>
  </TR>
</TABLE>
<p style="page-break-before:always ">
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR valign=bottom>
    <TD width=80%><b><FONT FACE="Times New Roman, Times, Serif" SIZE="2" color=gray>Selected Information</FONT></b></TD>
    <TD width=20% ALIGN="right"><IMG SRC="logo_kof.gif"></TD>
  </TR>
</table>
<hr size=2 color=gray>
<br>
<br>
<br>

<div>
<B>SELECTED INFORMATION</B></div>
<hr size="2">
<P>
<B>For the three months ended June 30, 2005</B></P>
<P>
<B><I>Expressed in millions of Mexican pesos as of June 30, 2005</I></B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=15%></TD>
<TD width=20%></TD>
<TD width=30%></TD>
<TD width=15%></TD>
<TD width=20%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD align=center><b>2Q 04</b>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD align=center><b>2Q 05</b>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Capex&nbsp;</TD>
<TD align=right>315.0&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD align=left>Capex&nbsp;</TD>
<TD align=right>387.7&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Depreciation&nbsp;</TD>
<TD align=right>314.0&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD align=left>Depreciation&nbsp;</TD>
<TD align=right>315.5&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Amortization &amp;&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD align=left>Amortization &amp;&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Other&nbsp;</TD>
<TD align=right>303.8&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD align=left>Other&nbsp;</TD>
<TD align=right>289.6&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE><BR>
<P>
<B>VOLUME<br>
</B><B><I>Expressed in million unit case</I></B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=21%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=15%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=8%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center"></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD colspan="4" align=center><B>2Q 04</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD colspan="4" align=center><B>2Q 05</B>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center"></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD align=center><B>CSD</B>&nbsp;</TD>
<TD align=center><b>Water</b>&nbsp;</TD>
<TD align=center><b>Other</b>&nbsp;</TD>
<TD align=center><B>Total</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><b>CSD</b>&nbsp;</TD>
<TD align=center><b>Water</b>&nbsp;</TD>
<TD align=center><B>Other</B>&nbsp;</TD>
<TD align=center><B>Total</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Mexico&nbsp;</TD>
<TD align=right>204.8&nbsp;</TD>
<TD align=right>50.8&nbsp;</TD>
<TD align=right>1.4&nbsp;</TD>
<TD align=right>257.0&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>216.2&nbsp;</TD>
<TD align=right>60.6&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;1.8&nbsp;</TD>
<TD align=right>278.6&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Central America&nbsp;</TD>
<TD align=right>25.3&nbsp;</TD>
<TD align=right>1.1&nbsp;</TD>
<TD align=right>0.4&nbsp;</TD>
<TD align=right>26.8&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>26.2&nbsp;</TD>
<TD align=right>1.2&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;0.5&nbsp;</TD>
<TD align=right>27.9&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Colombia&nbsp;</TD>
<TD align=right>34.6&nbsp;</TD>
<TD align=right>5.3&nbsp;</TD>
<TD align=right>0.1&nbsp;</TD>
<TD align=right>40.0&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>39.1&nbsp;</TD>
<TD align=right>5.3&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;0.1&nbsp;</TD>
<TD align=right>44.5&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Venezuela&nbsp;</TD>
<TD align=right>34.6&nbsp;</TD>
<TD align=right>3.6&nbsp;</TD>
<TD align=right>2.4&nbsp;</TD>
<TD align=right>40.6&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>38.7&nbsp;</TD>
<TD align=right>4.0&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;2.6&nbsp;</TD>
<TD align=right>45.3&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Brazil&nbsp;</TD>
<TD align=right>45.9&nbsp;</TD>
<TD align=right>2.5&nbsp;</TD>
<TD align=right>0.4&nbsp;</TD>
<TD align=right>48.8&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>54.1&nbsp;</TD>
<TD align=right>3.8&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;0.6&nbsp;</TD>
<TD align=right>58.5&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Argentina&nbsp;</TD>
<TD align=right>30.9&nbsp;</TD>
<TD align=right>0.3&nbsp;</TD>
<TD align=right>0.2&nbsp;</TD>
<TD align=right>31.4&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>31.2&nbsp;</TD>
<TD align=right>0.5&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;0.4&nbsp;</TD>
<TD align=right>32.1&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right"></TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Total&nbsp;</TD>
<TD align=right>376.1&nbsp;</TD>
<TD align=right>63.6&nbsp;</TD>
<TD align=right>4.9&nbsp;</TD>
<TD align=right>444.6&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>405.5&nbsp;</TD>
<TD align=right>75.4&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;6.0&nbsp;</TD>
<TD align=right>486.9&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE><BR>
<P>
<B>PACKAGE MIX BY PRESENTATION<br>
</B><B><I>Expressed as a Percentage of Total Volume</I></B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=21%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=15%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=8%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center"></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD colspan="4" align=center> <B>2Q 04</B></TD>
<TD align="center">&nbsp;</TD>
<TD colspan="4" align=center><B>2Q 05</B></TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD colspan=2 align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center"></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD align=center><b>Ret</b>&nbsp;</TD>
<TD align=center><B>Non-Ret</B>&nbsp;</TD>
<TD align=center><B>Fountain</B>&nbsp;</TD>
<TD align=center><B>Jug</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><b>Ret</b>&nbsp;</TD>
<TD align=center><B>Non-Ret</B>&nbsp;</TD>
<TD align=center><B>Fountain</B>&nbsp;</TD>
<TD align=center><B>Jug</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Mexico&nbsp;</TD>
<TD align=right>28.3&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;55.7&nbsp;</TD>
<TD align=right>1.3&nbsp;</TD>
<TD align=right>14.7&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>26.3&nbsp;</TD>
<TD align=right>56.3&nbsp;</TD>
<TD align=right>1.1&nbsp;</TD>
<TD align=right>16.3&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Central America&nbsp;</TD>
<TD align=right>49.5&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;46.1&nbsp;</TD>
<TD align=right>4.4&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;-&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>43.4&nbsp;</TD>
<TD align=right>52.5&nbsp;</TD>
<TD align=right>4.1&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;-&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Colombia&nbsp;</TD>
<TD align=right>51.3&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;38.7&nbsp;</TD>
<TD align=right>3.5&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;6.5&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>47.0&nbsp;</TD>
<TD align=right>43.7&nbsp;</TD>
<TD align=right>3.3&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;6.0&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Venezuela&nbsp;</TD>
<TD align=right>31.1&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;61.9&nbsp;</TD>
<TD align=right>2.9&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;4.1&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>25.6&nbsp;</TD>
<TD align=right>68.1&nbsp;</TD>
<TD align=right>3.0&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;3.3&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Brazil&nbsp;</TD>
<TD align=right>5.7&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;90.2&nbsp;</TD>
<TD align=right>4.1&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;-&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>8.3&nbsp;</TD>
<TD align=right>88.2&nbsp;</TD>
<TD align=right>3.5&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;-&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Argentina&nbsp;</TD>
<TD align=right>27.4&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;68.8&nbsp;</TD>
<TD align=right>3.8&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;-&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>27.5&nbsp;</TD>
<TD align=right>68.9&nbsp;</TD>
<TD align=right>3.6&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;-&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE><BR>
<P>
<B>For the six months ended June 30, 2005</B></P>
<P>
<B><I>Expressed in millions of Mexican pesos as of June 30, 2005</I></B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=15%></TD>
<TD width=20%></TD>
<TD width=30%></TD>
<TD width=15%></TD>
<TD width=20%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD align=center><b>YTD 04</b>&nbsp;</TD>
<TD align=center>&nbsp;</TD>
<TD align=center>&nbsp;</TD>
<TD align=center><b>YTD 05</b>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Capex&nbsp;</TD>
<TD align=right>754.0&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD align=left>Capex&nbsp;</TD>
<TD align=right>574.1&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Depreciation&nbsp;</TD>
<TD align=right>643.6&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD align=left>Depreciation&nbsp;</TD>
<TD align=right>621.9&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Amortization &amp;&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD align=left>Amortization &amp;&nbsp;</TD>
<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Other&nbsp;</TD>
<TD align=right>587.5&nbsp;</TD>
<TD align=left>&nbsp;</TD>
<TD align=left>Other&nbsp;</TD>
<TD align=right>563.8&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE><BR>
<P>
<B>VOLUME<br>
</B><B><I>Expressed in million unit cases</I></B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=21%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=15%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=8%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD colspan=2 align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center"></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD colspan="4" align=center><B>YTD 04</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD colspan="4" align=center><B>YTD 05</B>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD align=center><B>CSD</B>&nbsp;</TD>
<TD align=center><b>Water</b></TD>
<TD align=center><b>Other</b></TD>
<TD align=center><B>Total</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><b>CSD</b>&nbsp;</TD>
<TD align=center><B>Water</B>&nbsp;</TD>
<TD align=center><B>Other</B>&nbsp;</TD>
<TD align=center><B>Total</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Mexico&nbsp;</TD>
<TD align=right>387.7&nbsp;</TD>
<TD align=right>95.2</TD>
<TD align=right>2.3&nbsp;</TD>
<TD align=right>485.2&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>398.6&nbsp;</TD>
<TD align=right>104.7&nbsp;</TD>
<TD align=right>3.0&nbsp;</TD>
<TD align=right>506.3&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Central America&nbsp;</TD>
<TD align=right>50.2&nbsp;</TD>
<TD align=right>2.3&nbsp;</TD>
<TD align=right>0.8&nbsp;</TD>
<TD align=right>53.3&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>50.8&nbsp;</TD>
<TD align=right>2.3&nbsp;</TD>
<TD align=right>1.0&nbsp;</TD>
<TD align=right>54.1&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Colombia&nbsp;</TD>
<TD align=right>70.0&nbsp;</TD>
<TD align=right>11.2&nbsp;</TD>
<TD align=right>0.3&nbsp;</TD>
<TD align=right>81.5&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>75.7&nbsp;</TD>
<TD align=right>10.7&nbsp;</TD>
<TD align=right>0.2&nbsp;</TD>
<TD align=right>86.6&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Venezuela&nbsp;</TD>
<TD align=right>69.4&nbsp;</TD>
<TD align=right>7.2&nbsp;</TD>
<TD align=right>4.9&nbsp;</TD>
<TD align=right>81.5&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>73.8&nbsp;</TD>
<TD align=right>7.3&nbsp;</TD>
<TD align=right>4.6&nbsp;</TD>
<TD align=right>85.7&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Brazil&nbsp;</TD>
<TD align=right>97.9&nbsp;</TD>
<TD align=right>5.7&nbsp;</TD>
<TD align=right>0.7&nbsp;</TD>
<TD align=right>104.3&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>111.3&nbsp;</TD>
<TD align=right>8.3&nbsp;</TD>
<TD align=right>1.0&nbsp;</TD>
<TD align=right>120.6&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Argentina&nbsp;</TD>
<TD align=right>67.7&nbsp;</TD>
<TD align=right>0.6&nbsp;</TD>
<TD align=right>0.2&nbsp;</TD>
<TD align=right>68.5&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>69.7&nbsp;</TD>
<TD align=right>0.9&nbsp;</TD>
<TD align=right>0.8&nbsp;</TD>
<TD align=right>71.4&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right"></TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Total&nbsp;</TD>
<TD align=right>742.9&nbsp;</TD>
<TD align=right>122.2&nbsp;</TD>
<TD align=right>9.2&nbsp;</TD>
<TD align=right>874.3&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>779.9&nbsp;</TD>
<TD align=right>134.2&nbsp;</TD>
<TD align=right>10.6&nbsp;</TD>
<TD align=right>924.7&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE><BR>
<P>
<B>PACKAGE MIX BY PRESENTATION<br>
</B><B><I>Expressed as a Percentage of Total Volume</I></B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=21%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=15%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=8%></TD>
<TD width=8%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD colspan="4" align=center><B>YTD 04</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD colspan="4" align=center><B>YTD 05</B>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
<TD>&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD colspan=2 align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center"></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD colspan=2 align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD align=center><b>Ret</b>&nbsp;</TD>
<TD align=center><B>Non-Ret</B>&nbsp;</TD>
<TD align=center><B>Fountain</B>&nbsp;</TD>
<TD align=center><B>Jug</B>&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center><b>Ret</b></TD>
<TD align=center><B>Non-Ret</B>&nbsp;</TD>
<TD align=center><B>Fountain</B>&nbsp;</TD>
<TD align=center><B>Jug</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Mexico&nbsp;</TD>
<TD align=right>28.5&nbsp;</TD>
<TD align=right>55.5&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;1.3&nbsp;</TD>
<TD align=right>14.7&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>27.0&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;56.2&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;1.2&nbsp;</TD>
<TD align=right>15.6&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Central America&nbsp;</TD>
<TD align=right>50.1&nbsp;</TD>
<TD align=right>45.5&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;4.4&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;-&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>44.3&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;51.6&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;4.1&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;-&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Colombia&nbsp;</TD>
<TD align=right>52.3&nbsp;</TD>
<TD align=right>37.8&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;3.3&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;6.6&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>48.2&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;42.4&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;3.2&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;6.2&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Venezuela&nbsp;</TD>
<TD align=right>31.6&nbsp;</TD>
<TD align=right>61.5&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;2.7&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;4.2&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>25.4&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;68.6&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;2.8&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;3.2&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Brazil&nbsp;</TD>
<TD align=right>5.6&nbsp;</TD>
<TD align=right>90.7&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;3.7&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;-&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>7.5&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;89.1&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;3.4&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;-&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=left>Argentina&nbsp;</TD>
<TD align=right>27.5&nbsp;</TD>
<TD align=right>68.9&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;3.6&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;-&nbsp;</TD>
<TD align="right">&nbsp;</TD>
<TD align=right>27.2&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp;69.6&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;3.2&nbsp;</TD>
<TD align=right> &nbsp; &nbsp; &nbsp;-&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<br>
<hr size="2">
<BR>

<p> </p>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR VALIGN=Bottom>
    <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>July 28, 2005</FONT></TD>
    <TD WIDTH=42% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="rodape.gif"></FONT></TD>
    <TD WIDTH=8% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page 14 &nbsp;</FONT></TD>
  </TR>
</TABLE>
<p style="page-break-before:always ">
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR valign=bottom>
    <TD width=80%><b><FONT FACE="Times New Roman, Times, Serif" SIZE="2" color=gray>Macroeconomic Information</FONT></b></TD>
    <TD width=20% ALIGN="right"><IMG SRC="logo_kof.gif"></TD>
  </TR>
</table>
<hr size=2 color=gray>
<br>
<br>
<br>
<hr size="2">
<br>
<P align="center">
  <b>June 2005<br>
Macroeconomic Information </b></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
<TD width=40%></TD>
<TD width=2%></TD>
<TD width=8%></TD>
<TD width=2%></TD>
<TD width=8%></TD>
<TD width=2%></TD>
<TD width=8%></TD>
<TD width=2%></TD>
<TD width=8%></TD>
<TD width=2%></TD>
<TD width=8%></TD>
<TD width=2%></TD>
<TD width=8%></TD></TR>

<TR valign="bottom" style="font-size: 1px">
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>

<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD colspan="5" align=center>Inflation&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD colspan=5 align=center>Foreign Exchange Rate (local currency per U.S. dollar)</TD>
</TR>
<TR valign="bottom">
<TD align=left>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>LTM&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center>YTD&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center>2Q 05&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center>Jun 05&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center>Dec 04&nbsp;</TD>
<TD align="center">&nbsp;</TD>
<TD align=center>Jun 04&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
<TD>&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR>
<TD colspan=13>&nbsp;</TD></TR>

<TR valign="bottom" style="font-size: 1px">
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD></TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>

<TR valign="bottom">
<TD align=center>Mexico&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>4.33%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>0.80%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>0.01%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>10.7645&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>11.1460&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>11.5123&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=center>Colombia&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>4.84%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>3.81%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>1.64%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,331.8100&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,389.7500&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,699.5800&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=center>Venezuela&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>15.88%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>7.96%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>4.48%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2,150.0000&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,920.0000&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>1,920.0000&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=center>Brazil&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>6.46%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>3.90%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>2.33%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2.3504&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2.6544&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>3.1075&nbsp;</TD></TR>
<TR valign="bottom">
<TD align=center>Argentina&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>8.61%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>6.25%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=center>2.52%&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2.8900&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2.9800&nbsp;</TD>
<TD>&nbsp;</TD>
<TD align=right>2.9600&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
</TABLE><BR>

<HR SIZE=2 noshade color="#000000">

<p>&nbsp;</p>
<p>&nbsp;</p>
<p>&nbsp; </p>
<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
  <TR VALIGN=Bottom>
    <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>July 28, 2005</FONT></TD>
    <TD WIDTH=42% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><img src="rodape.gif"></FONT></TD>
    <TD WIDTH=8% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Page 15&nbsp;</FONT></TD>
  </TR>
</TABLE>










<!-- INICIO ASSINATURA -->


<p Style='page-break-before:always'>

<BR><BR>
<HR size=2>
<BR><BR>

<P ALIGN=center><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>SIGNATURES</B> </FONT> </P>

<!-- MARKER FORMAT-SHEET="Times Justify" FSL="Workstation" -->
<P ALIGN=left><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned, thereunto duly authorized. </FONT></P>

<BR><BR>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=Bottom>
     <TD WIDTH=55% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp; </FONT></TD>
     <TD WIDTH=45% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>COCA-COLA FEMSA, S.A. DE C.V.</B> </FONT> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp; </FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="3">(Registrant) </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp; </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp; </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp; </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Date: July 28, 2005 </FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="3">By: <U>/s/ H&#201;CTOR TREVI&#209;O GUTI&#201;RREZ</U> </FONT> </TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp; </FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Name:&nbsp; H&#233;ctor Trevi&#241;o Guti&#233;rrez </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="3">&nbsp; </FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="3">Title:&nbsp;&nbsp;&nbsp; Chief Financial Officer </FONT></TD></TR>
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