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<SEC-DOCUMENT>0001292814-07-002228.txt : 20070727
<SEC-HEADER>0001292814-07-002228.hdr.sgml : 20070727
<ACCEPTANCE-DATETIME>20070727123940
ACCESSION NUMBER:		0001292814-07-002228
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20070630
FILED AS OF DATE:		20070727
DATE AS OF CHANGE:		20070727

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COCA COLA FEMSA SAB 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:		071005633

	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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COCA COLA FEMSA SA DE CV
		DATE OF NAME CHANGE:	19930814
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>kofpr2q07_6k.htm
<DESCRIPTION>PRESS RELEASE SECOND QUARTER 2007
<TEXT>
<HTML>
<HEAD>
<TITLE>Provided by MZ Data Products</TITLE>
</HEAD>
<BODY bgColor=#ffffff style="font-family:'Times New Roman', Times, serif; font-size:12px; text-align:justify">

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
<!-- MARKER FORMAT-SHEET="Times Center" FSL="Workstation" -->
<P ALIGN=center><FONT FACE="'Times New Roman, Times, Serif'" SIZE="5"><B>FORM 6-K</B> </FONT> </P>

<!-- MARKER FORMAT-SHEET="Times Center" FSL="Workstation" -->
<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 <font color="#000000">July</font> 2007</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.B.  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>

<!-- MARKER FORMAT-SHEET="Times Center" FSL="Workstation" -->
<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>
                                                           M&#233;xico, D.F. 01210 </FONT>
<BR><FONT FACE="'Times New Roman, Times, Serif'" SIZE=2>(Address of
principal office) </FONT></p>

<BR>


<!-- 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 files or will file annual reports under cover of Form 20-F or
Form 40-F.) </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) 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>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<DIV STYLE="page-break-after:always"></DIV>

<A name="page_1"></A>
<P align="right"><img src="logo_kof.gif" width="95" height="64"></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=25%></TD>
    <TD width=1%></TD>
    <TD></TD>
    <TD width=1%></TD>
    <TD width=8%></TD>
    <TD width=1%></TD>
    <TD width=8%></TD>
    <TD width=1%></TD>
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    <TD width=1%></TD>
    <TD width=8%></TD>
    <TD width=1%></TD>
    <TD width=8%></TD>
    <TD width=1%></TD>
    <TD width=8%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;Stock Listing Information</B>&nbsp;</font></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>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF">&nbsp;&nbsp;&nbsp;&nbsp;</font></TD>
    <TD>&nbsp;</TD>
    <TD colspan="13" align=left><p><B>2007 SECOND-QUARTER AND FIRST SIX MONTHS RESULTS</B><B> </B></p></TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font></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 colspan="5" 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 bgcolor="#c80303"><font color="#FFFFFF">&nbsp;&nbsp;&nbsp;Mexican Stock Exchange</font></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>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR>
    <TD bgcolor="#c80303"><font color="#FFFFFF">&nbsp;&nbsp;&nbsp;Ticker: KOFL</font></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF">&nbsp;&nbsp;&nbsp;</font></TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan=3 align=center>Second  Quarter&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan=3 align=center>YTD</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font></TD>
    <TD></TD>
    <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>&nbsp;</TD>
    <TD>&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>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom" bgcolor="#c80303"><font color="#FFFFFF">&nbsp;&nbsp;&nbsp;NYSE (ADR)</font></TD>
    <TD valign="bottom">&nbsp;</TD>
    <TD align=left valign="bottom">&nbsp;</TD>
    <TD valign="bottom">&nbsp;</TD>
    <TD align=center valign="bottom">2007</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
    <TD align=center valign="bottom">2006</TD>
    <TD align="center" valign="bottom">&nbsp;</TD>
    <TD align=center valign="bottom"><FONT color="#000000" SIZE=2 FACE="'Times New Roman, Times, Serif'"><FONT FACE="Symbol"><B>D</B> </FONT>%</FONT>&nbsp;</TD>
    <TD valign="bottom">&nbsp;</TD>
    <TD align=center>2007</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>2006</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><FONT color="#000000" SIZE=2 FACE="'Times New Roman, Times, Serif'"><FONT FACE="Symbol"><B>D</B> </FONT>%</FONT>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD valign="bottom" bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font></TD>
    <TD valign="bottom"></TD>
    <TD align="center" valign="bottom" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD align="center" valign="bottom" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD colspan="3" align="right" valign="bottom" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD valign="bottom">&nbsp;</TD>
    <TD colspan="5" align="right" valign="bottom" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom" bgcolor="#c80303"><font color="#FFFFFF">&nbsp;&nbsp;&nbsp;Ticker: KOF&nbsp;</font></TD>
    <TD valign="bottom">&nbsp;</TD>
    <TD align=left valign="bottom">Total Revenues&nbsp;</TD>
    <TD valign="bottom">&nbsp;</TD>
    <TD align=right>16,460&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>15,210&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>31,760&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>29,197&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8.8%&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD valign="bottom" bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font></TD>
    <TD valign="bottom"></TD>
    <TD colspan="7" align="center" valign="bottom" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD colspan="5" align="right" valign="bottom" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom" bgcolor="#c80303"><font color="#FFFFFF">&nbsp;&nbsp;&nbsp;&nbsp;</font></TD>
    <TD valign="bottom">&nbsp;</TD>
    <TD align=left valign="bottom">Gross Profit&nbsp;</TD>
    <TD valign="bottom">&nbsp;</TD>
    <TD align=right>7,916&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7,304&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>15,056&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>13,968&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7.8%&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD valign="bottom" bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font></TD>
    <TD valign="bottom"></TD>
    <TD colspan="7" align="center" valign="bottom" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD colspan="5" align="right" valign="bottom" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom" bgcolor="#c80303"><font color="#FFFFFF">&nbsp;&nbsp;&nbsp;Ratio of KOF L to KOF = 10:1</font></TD>
    <TD valign="bottom">&nbsp;</TD>
    <TD align=left valign="bottom">Operating Income&nbsp;</TD>
    <TD valign="bottom">&nbsp;</TD>
    <TD align=right>2,779&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,516&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>10.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>5,090&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4,590&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>10.9%&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD valign="bottom" bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font></TD>
    <TD valign="bottom"></TD>
    <TD colspan="7" align="center" valign="bottom" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD colspan="5" align="right" valign="bottom" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom" bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font></TD>
    <TD valign="bottom">&nbsp;</TD>
    <TD align=left valign="bottom">Majority Net Income&nbsp;</TD>
    <TD valign="bottom">&nbsp;</TD>
    <TD align=right>1,739&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>755&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>130.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,896&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,721&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>68.3%&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD valign="bottom" bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font></TD>
    <TD valign="bottom"></TD>
    <TD colspan="7" align="center" valign="bottom" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD colspan="5" align="right" valign="bottom" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom" bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font></TD>
    <TD valign="bottom">&nbsp;</TD>
    <TD align=left valign="bottom">EBITDA<SUP>(1)</SUP></TD>
    <TD valign="bottom">&nbsp;</TD>
    <TD align=right>3,495&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3,280&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>6.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>6,527&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>6,068&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7.6%&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD rowspan="7" align=left valign="bottom" bgcolor="#c80303"><div align="center"><FONT FACE="'Times New Roman, Times, Serif'" SIZE="2" COLOR="#FFFFFF"><img src="kofl.gif" align="top"></FONT><font color="#FFFFFF"></font></div>
        <font color="#FFFFFF">&nbsp;</font><font color="#FFFFFF">&nbsp;</font><font color="#FFFFFF">&nbsp;</font></TD>
    <TD height="21" valign="bottom">&nbsp;</TD>
    <TD align=left valign="bottom" style="border-top: 1px solid black; font-size: 1px">&nbsp;</TD>
    <TD valign="bottom" style="border-top: 1px solid black; font-size: 1px;">&nbsp;</TD>
    <TD align=right valign="bottom" style="border-top: 1px solid black; font-size: 1px;">&nbsp;</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid black; font-size: 1px;">&nbsp;</TD>
    <TD align=right valign="bottom" style="border-top: 1px solid black; font-size: 1px;">&nbsp;</TD>
    <TD align="right" valign="bottom" style="border-top: 1px solid black; font-size: 1px;">&nbsp;</TD>
    <TD align=right valign="bottom" style="border-top: 1px solid black; font-size: 1px;">&nbsp;</TD>
    <TD align=right valign="bottom">&nbsp;</TD>
    <TD align=right valign="bottom" style="border-top: 1px solid black; font-size: 1px;">&nbsp;</TD>
    <TD align=right valign="bottom" style="border-top: 1px solid black; font-size: 1px;">&nbsp;</TD>
    <TD align=right valign="bottom" style="border-top: 1px solid black; font-size: 1px;">&nbsp;</TD>
    <TD align=right valign="bottom" style="border-top: 1px solid black; font-size: 1px;">&nbsp;</TD>
    <TD align=right valign="bottom" style="border-top: 1px solid black; font-size: 1px;">&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD valign="bottom" bgcolor="#FFFFFF"><font color="#FFFFFF">&nbsp;</font></TD>
    <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD colspan="5" align="right">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD height="21" valign="bottom">&nbsp;</TD>
    <TD align=left>Net Debt <SUP>(2) (3)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align=right>13,262&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>14,775&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-10.2%&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD align=right valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD align=right valign="bottom">&nbsp;</TD>
    <TD align=right valign="bottom">&nbsp;</TD>
    <TD align=right valign="bottom">&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px;">
    <TD valign="bottom">&nbsp;</TD>
    <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right valign="bottom">&nbsp;</TD>
    <TD align=right valign="bottom">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD valign="bottom">&nbsp;</TD>
    <TD align=left>EBITDA <SUP>(1) </SUP>/ Interest Expense&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5.84&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>5.68&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>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD valign="bottom"></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&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>
    <TD align="right"></TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom"></TD>
    <TD colspan="3" align="right">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD valign="bottom">&nbsp;</TD>
    <TD align=left>Earnings per Share&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.94&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>0.41&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>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD valign="bottom" bgcolor="#c80303">&nbsp;</TD>
    <TD valign="bottom"></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&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>
    <TD align="right"></TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom"></TD>
    <TD colspan="3" align="right">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
  </TR>


  <TR valign="bottom">
    <TD valign="bottom" bgcolor="#c80303">&nbsp;</TD>
    <TD valign="bottom"></TD>
    <TD>Capitalization<SUP>(4)</SUP></TD>
    <TD></TD>
    <TD align=right>32.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>33.2%&nbsp;</TD>
    <TD align="right"></TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom"></TD>
    <TD colspan="3" align="right">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD valign="bottom" bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font></TD>
    <TD valign="bottom"></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></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom"></TD>
    <TD colspan="3">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
    <TD align="right" valign="bottom">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font></TD>
    <TD align=center>&nbsp;</TD>
    <TD colspan=13 rowspan="6" align=left valign="top" style="font-size:10px;"><div>Expressed in million of Mexican pesos with purchasing power as of June 30, 2007<br>
        <SUP>(1)</SUP> EBITDA = Operating income + Depreciation + Amortization &amp; Other Non-cash Charges. <br>
See reconciliation table on page 11.<br>
<SUP>(2)</SUP> Net Debt = Total Debt - Cash<br>
<SUP>(3)</SUP> Figures for 2006 are as of December 31, 2006.<br>
<SUP>(4)</SUP> Total debt / (long-term debt + stockholders' equity)</div></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><div align="center"><font color="#FFFFFF"></font></div></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD rowspan="7" align=left bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font><font color="#FFFFFF">&nbsp;</font>
        <div align="center"><font face="'Times New Roman, Times, Serif'" size="2" color="#FFFFFF"><img src="kofnyse.gif"></font><font color="#FFFFFF"></font></div>
      <font color="#FFFFFF">&nbsp;</font><font color="#FFFFFF">&nbsp;</font></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>&nbsp;</TD>
    <TD colspan=13 rowspan="2" align=left valign="top"><FONT color="#000000" SIZE="2" FACE="'Times New Roman, Times, Serif'"><IMG SRC="icone.gif"> </FONT>Total revenues reached Ps. 16,460 million in the second quarter of 2007, an increase of 8.2% compared to the second quarter of 2006, and increased 8.8% for the first six months of the year to Ps. 31,760 million compared to same period of 2006.</TD>
  </TR>
  <TR valign="bottom">
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font></TD>
    <TD>&nbsp;</TD>
    <TD colspan=13 rowspan="2" align=left valign="top"><IMG SRC="icone.gif"> In spite of raw material pressures, consolidated operating income increased 10.5% to Ps. 2,779 million for the second quarter of 2007, and 10.9% for the first six months of the year to Ps. 5,090 million, mainly driven by higher profitability in the
operations outside of Mexico. Our operating margin was 16.9% for the second quarter of 2007 and 16.0% for the first half of the year.</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF"><b>&nbsp;For Further Information:</b>&nbsp;</font></TD>
    <TD>&nbsp;</TD>
    <TD colspan=13 rowspan="2" align=left valign="top"><FONT color="#000000" SIZE="2" FACE="'Times New Roman, Times, Serif'"><IMG SRC="icone.gif"></FONT>Consolidated majority net income increased 130.3% to Ps. 1,739 million in the second quarter of 2007, and 68.3% to
  Ps. 2,896 million for the first half of the year, resulting in earnings per share of Ps. 0.94 for the second quarter of 2007, and Ps. 1.57 for the first half of the year. </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF"><B>&nbsp;&nbsp;&nbsp;Investor Relations</B>&nbsp;</font></TD>
    <TD>&nbsp;</TD>
    <TD colspan=13 rowspan="2" align=left valign="top"><IMG SRC="icone.gif">We have reached an understanding with The Coca-Cola Company to acquire its
  wholly owned bottling franchise located in the state of Minas Gerais (&#147;REMIL&#148;) in Brazil. <br></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF">&nbsp;&nbsp;&nbsp;Alfredo Fern&aacute;ndez&nbsp;</font></TD>
    <TD>&nbsp;</TD>
    <TD colspan="13" rowspan="5" align=left valign="top"><p>Mexico City (June 27, 2007), Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL, NYSE: KOF) (&#147;Coca-Cola FEMSA&#148; or the &#147;Company&#148;), the largest Coca-Cola bottler in Latin America and the second-largest Coca-Cola bottler in the world in
terms of sales volume, announces results for the second quarter 2007 and the first six months of the year. </p></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF">&nbsp;&nbsp;&nbsp;<U>alfredo.fernandez@kof.com.mx</U>&nbsp;</font></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF">&nbsp;&nbsp;&nbsp;(5255) 5081-5120 / 5121&nbsp;</font></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF">Maximilian Zimmermann</font></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF"><u>maximilian. </u> <u>zimmermann@kof .com.mx</u></font></TD>
    <TD>&nbsp;</TD>
    <TD colspan="13" rowspan="10" align=left valign="top"><p>&#147;Our positive results for the quarter reflected higher domestic consumption of our beverage products, supported by our markets&#146; strengthening economies and currency revaluations. This growth, along with our greater operating leverage,
fueled a double-digit increase in operating income for the quarter and more than compensated for sweetener cost pressures in Mexico. Our company&#146;s focus on innovation and advanced multi-segmentation initiatives continued to foster double-digit
growth in our markets outside of Mexico and improved results in our Mexican territories. Additionally, in line with our strategy of expand our footprint in Latin America, we have reached an understanding with The Coca-Cola Company to acquire one of
its territories in Brazil. The transaction will increase our presence in the growing Brazilian market by more than a third.&#148; said Carlos Salazar Lomel&iacute;n, Chief Executive Officer of the Company. </p></TD>
  </TR>
  <TR>
    <TD align=left valign="bottom" bgcolor="#c80303"><font color="#FFFFFF">(5255) 5081-5186 </font></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF">&nbsp;&nbsp;&nbsp;Website:&nbsp;</font></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF">&nbsp;&nbsp;&nbsp;<U>www.coca-colafemsa.com</U>&nbsp;</font></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303">&nbsp;</TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left bgcolor="#c80303"><font color="#FFFFFF">&nbsp;</font></TD>
    <TD>&nbsp;</TD>
  </TR>
</TABLE>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=51%></TD>
    <TD width=2%></TD>
    <TD width=46%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>July 27, 2007</B></TD>
    <TD><img src="rodape.gif" width="49" height="24"></TD>
    <TD align=right><B>Page 1 </B></TD>
  </TR>
</TABLE>
<hr size="2" noshade color="#000000" align="left">
<H5 align="left" style="page-break-before:always"></H5>

<A name=page_2></A>
<div align="right"> <IMG src="logo_kof.gif" width="95" height="64" border=0></div>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
<P><B>RECENT DEVELOPMENTS</B> </P>
<UL>
  <LI>We have reached an understanding with The Coca-Cola Company to acquire its
  wholly owned bottling franchise located in the state of Minas Gerais
  (Refrigerantes Minas Gerais Ltda., &#147;REMIL&#148;) in Brazil. The closing, terms and
  conditions of the transaction are subject to a confirmatory due-diligence
  process, negotiation and execution of a definitive agreement and approval by
  the board of directors of both companies. Remil covers a population of
  approximately 15 million inhabitants, including Belo Horizonte, the third
  largest city in Brazil. The transaction would be expected to close during the
  first quarter of 2008.
  <br>
  <br>
  <LI>On June 25, the Comisi&#243;n Federal de Competencia in Mexico (CFC), the
  Mexican Antitrust Commission, officially notified the The Coca-Cola Company
  and us of its decision to object to the acquisition of Jugos del Valle, S.A.B.
  de C.V.(Jugos del Valle). Subsequently, we filed a motion of reconsideration
  with the CFC. On July 17, the CFC made public on its official website its
  decision to approve the acquisition of Jugos del Valle subject to certain
  conditions. We expect to receive the final notification in the following
  weeks.
    <br>
    <br>
  <LI>On June 25 we filed our annual report for the fiscal year ended December
  31, 2006 with the Bolsa Mexicana de Valores and on Form 20-F with the U.S.
  Securities and Exchange Commission. </LI></UL>
<P><B>CONSOLIDATED RESULTS</B></P>
<P>Our consolidated total revenues increased 8.2% to Ps. 16,460 million in the
second quarter of 2007, compared to the second quarter of 2006 as a result of
increases in all of our territories; Mexico and Venezuela represented
approximately 55% of this growth. Our consolidated average price per unit case
increased 2.2% to Ps. 30.18 (US$ 2.80) in the second quarter of 2007 compared to
the same period of 2006 driven by average price increases in the majority of our
operations.</P>
<P>Total sales volume increased 5.9% to 535.9 million unit cases in the second
quarter of 2007 as compared to the same period of 2006, mainly driven by 6.4%
volume growth of the <I>Coca-Cola </I>brand, which accounted for more than 65%
of our total incremental volumes during the quarter. Carbonated soft drinks
sales volume grew 5.0% to 446.8 million unit cases, driven by volume growth
across all of our territories.</P>
<P>Our gross profit increased 8.4% to Ps. 7,916 million in the second quarter of
2007, compared to the second quarter of 2006, driven by increases in all of our
operations. Gross margin reached 48.1% in the second quarter of 2007 from 48.0%
in the same period of 2006. Increases in average price per unit case more than
compensated for higher sweetener costs mainly in Mexico. </P>
<P>Our consolidated operating income increased 10.5% to Ps. 2,779 million in the
second quarter of 2007. Double-digit increases in operating income in most of
our operations more than compensated for the decline in Mexico. Our operating
margin was 16.9% in the second quarter of 2007, an improvement of 40 basis
points as a result of higher fixed-cost absorption due to incremental
revenues.</P>
<P>As we mentioned in our first quarter press release, beginning in 2007,
accordingly to the Mexican Financial Reporting Standards, we recorded employee
profit sharing in the other expenses line, instead of being recorded in the
income tax line. For comparison purposes we are reflecting 2006 information with
this change, which amounted to Ps. 92 million in the second quarter of 2006 and
Ps. 53 million in the same period of 2007. </P>
<P>Our integral cost of financing declined by 80.2% in the second-quarter of
2007 to Ps. 181 million as compared to the same period of 2006, mainly driven by
a foreign exchange gain resulting from the appreciation of the Mexican pesos
against the U.S. dollar as applied to our liability position denominated in
foreign currency, compared to a loss recorded in the same period of 2006 and a
non-hedge accounting derivative instrument gain compared to a loss from the
previous year.</P>
<P>During the second quarter of 2007 income tax, as a percentage of income
before taxes, was 25.3% as compared to 39.2% in the same quarter of 2006 mainly
due to tax credits received during the quarter in the amount of Ps. 67 million.
</P>
<P>Our consolidated majority net income increased by 130.3% to Ps. 1,739 million
in the second quarter of 2007, compared to the second quarter of 2006, resulting
from (i) a decline in our integral cost of financing, (ii) an increase in our
operating income, and (iii) a reduction in income taxes. Earnings per share
(&#147;EPS&#148;) were Ps. 0.94 (US$ 0.87 per ADR) computed on the basis of 1,846.5
million shares outstanding (each ADR represents 10 local shares). </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=51%></TD>
    <TD width=2%></TD>
    <TD width=46%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>July 27, 2007</B></TD>
    <TD><img src="rodape.gif" width="49" height="24"></TD>
    <TD align=right><B>Page 2 </B></TD>
  </TR>
</TABLE>
<BR>
<HR align=left color=#000000 noShade SIZE=2>

<H5 style="PAGE-BREAK-BEFORE: always" align=left></H5><A name=page_3></A>
<div align="right"> <IMG src="logo_kof.gif" width="95" height="64" border=0></div>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<P><B>BALANCE SHEET </B></P>
<P>As of June 30, 2007, Coca-Cola FEMSA had a cash balance of Ps. 6,988 million
(US$ 648 million), an increase of Ps. 2,217 million (US$ 205 million), compared
to December 31, 2006, resulting from the issuance of new debt during the first
quarter and from internal cash generation. </P>
<P>Total short-term debt including current maturity of long term debt, was Ps.
2,917 million (US$ 270 million) and long-term debt was Ps. 17,333 million (US$
1,606 million), a gross debt increase of Ps. 704 million (US$ 65 million)
compared with year end 2006, as a result of the issuance of new debt. Net debt
decreased approximately Ps. 1,513 million (US$ 140 million) compared to year end
of 2006, due to bank debt prepayment and the maturity of our KOF03
&#147;<I>Certificado Burs&#225;til</I>&#148; in April 2007. </P>
<P>As we mentioned on our first quarter press release, in March 2007 we
successfully issued Ps. 3,000 million (US$ 278 million) in 5 year &#147;Certificados
Burs&#225;tiles&#148; at a rate of 28-day TIIE minus 6 basis points, a portion of the
proceeds from this issuance was used to refinance the maturity of our KOF 03
&#147;Certificado Burs&#225;til&#148; in April 2007. The remaining portion of the proceeds will
be used for the financing of the Jugos del Valle acquisition, once all necessary
regulatory approvals take place. </P>
<P>The weighted average cost of debt for the quarter was 7.92% . The following
charts sets forth the Company&#146;s debt profile by currency and interest rate type
and by maturity date as of June 30, 2007:</P>
<TABLE style="FONT-SIZE: 11px; FONT-FAMILY: 'Times New Roman, Times, Serif'" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD ></TD>
    <TD width="2%"></TD>
    <TD width="13%"></TD>
    <TD width="2%"></TD>
    <TD width="13%"></TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="5"  style="BORDER-TOP: #000000 1px solid">&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 style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="5"  style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    </TR>
  <TR vAlign=bottom>
    <TD align=left>U.S. dollars&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>47.0%&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>55.5%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Mexican pesos&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>46.9%&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>22.7%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Venezuelan bolivares&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>2.9%&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>0.0%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Other <SUP>(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align=center>3.2%&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>17.8%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="5"  style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>
</TABLE>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
  <TD valign=top nowrap><sup>(1)</sup></TD>
  <TD><div align="justify">Includes the equivalent of US$
    49.5 million denominated in Argentine pesos, and US$ 10.7
    million&nbsp;&nbsp;denominated in Colombian pesos.&nbsp;</div></TD>
</TR>
<TR>
	<TD width="5%" valign=top nowrap><sup>(2) </sup></TD>
	<TD width=95%>
      <div align="justify"><sup> </sup>After giving effect to
      cross-currency swaps.&nbsp;</div></TD>
</TR>
</TABLE>


<P><B>Debt maturity Profile </B></P>
<TABLE style="FONT-SIZE: 11px; FONT-FAMILY: 'Times New Roman, Times, Serif'" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD ></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 style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="13"  style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center><B>2007</B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>2008</B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>2009</B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>2010</B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>2011</B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>2012 +</B></TD>
  </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="13"  style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    </TR>
  <TR vAlign=bottom>
    <TD align=left>% of Total Debt&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center><B>4.0%</B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>22.7%</B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>18.0%</B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>5.0%</B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>0.3%</B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>50.0%</B></TD>
  </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="13"  style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>
  </TABLE>
<BR>
<TABLE style="FONT-SIZE: 11px; FONT-FAMILY: 'Times New Roman, Times, Serif'" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD ></TD>
    <TD width="2%"></TD>
    <TD width="13%"></TD>
    <TD width="2%"></TD>
    <TD width="13%"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left colSpan=5><B>Consolidated Statement of Changes in Financial
      Position</B>&nbsp;</TD>
    </TR>
  <TR vAlign=bottom>
    <TD align=left colSpan=5>Expressed in million of Mexican pesos and U.S.
      dollars as of June 30, 2007&nbsp;</TD>
    </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=5>&nbsp;</TD>
    </TR>
  <TR vAlign=bottom>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align=center><B><I>Jan - Jun 2007</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>&nbsp;<B><I>USD</I></B>&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD colspan="3"  style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    </TR>
  <TR vAlign=bottom>
    <TD align=left>Net income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3,001&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>&nbsp;278&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Non cash charges to net income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,692&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>157&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD colspan="3" align=right style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>4,693</B>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right><B>435</B>&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD colspan="3" align=right style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    </TR>
  <TR vAlign=bottom>
    <TD align=left>Change in working capital&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(757)</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>&nbsp;(70)</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD colspan="3" align=right style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left><B>NRGOA</B><B><SUP>(1)</SUP></B></TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>3,936</B>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right><B>365</B>&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD colspan="3" align=right style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>Total investments&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(1,207)</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>(112)</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Dividends declared&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(809)</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>&nbsp;(75)</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Debt increase&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>704&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>65&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Deferred taxes and others&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(407)</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>&nbsp;(38)</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD colspan="3" align=right style="BORDER-TOP: #000000 1px solid">&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>2,217</B>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right><B>205</B>&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD colspan="3" align=right style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left>Cash and cash equivalents at begining of period&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>4,771&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>442&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Cash and cash equivalents at end of period&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>6,988&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>647&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=5>&nbsp;</TD>
  </TR>
  </TABLE>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width="5%" valign=top nowrap>&nbsp;<sup>(1)</sup></TD>
	<TD width=95%>
      <div align="justify">Net Resources Generated by Operating
      Activities&nbsp;</div></TD>
</TR>
</TABLE>


<BR>
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    <TD align=left><B>July 27, 2007</B></TD>
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    <TD align=right><B>Page 3 </B></TD>
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<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
<P><B>MEXICAN OPERATING RESULTS </B></P>
<P><B><I>Revenues</I></B> </P>
<P>Total revenues from our Mexican territories increased 4.0% to Ps. 8,537
million in the second quarter of 2007, as compared to the same period of the
previous year. Sales volume growth compensated for slightly lower average price
per unit case for the quarter. Average price per unit case declined 0.2% to Ps.
28.25 (US$ 2.62), as compared to the second quarter of 2006. Incremental volumes
from jug water, which carry lower average price per unit case, more than offset
average price per unit case increases in the carbonated soft drink category.
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. 32.95 (US$ 3.05) a 0.9%
increase as compared to the same period of 2006.</P>
<P>Total sales volume increased 3.8% to 300.4 million unit cases in the second
quarter of 2007, as compared to the second quarter of 2006, resulted from (i) a
1.7% sales volume growth in carbonated soft drinks, driven by a 3.0% increase in
the <I>Coca-Cola</I> brand, with <I>Coca-Cola Zero </I>accounting for more than
65% of this incremental volume, (ii) a 9.5% sales volume growth in jug water,
and (iii) incremental volumes in bottled water in single serve presentations.
The non-carbonated beverage segment excluding bottled water grew almost 40% in
the second quarter of 2007 as compared to the same period of 2006, mainly driven
by strong volume growth from the no calorie flavored water <I>Ciel Aquarius</I>,
and <I>Powerade</I>, an isotonic beverage.</P>
<P><B><I>Operating Income </I></B></P>
<P>Our gross profit increased by 1.5% to Ps. 4,436 million in the second quarter
of 2007 as compared to the same period of 2006. Gross margin declined from 53.3%
in the second quarter of 2006 to 52.0% in the same period of 2007, as a result
of higher sweetener costs year over year. </P>
<P>Operating income declined 1.6% to Ps. 1,827 million in the second quarter of
2007, as compared to Ps. 1,856 million in the same period of 2006 as a result of
higher sweetener costs. Our operating margin was 21.4% in the second quarter of
2007, a decline of 120 basis points as compared to the second quarter of 2006,
due to the gross margin decrease.</P>
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    <TD><img src="rodape.gif" width="49" height="24"></TD>
    <TD align=right><B>Page 4 </B></TD>
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<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
<P><B>CENTRAL AMERICAN OPERATING RESULTS (Guatemala, Nicaragua, Costa Rica and
Panama)</B> </P>
<P><B><I>Revenues</I></B><I> </I></P>
<P>Total revenues reached Ps. 1,143 million in the second quarter of 2007, an
increase of 7.7% compared to the same period of 2006. Volume growth accounted
for more than 75% of our incremental revenues in the quarter and higher average
prices per unit case were the balance. Average price per unit case increased by
1.6% to Ps. 35.66 (US$ 3.30) in the second quarter of 2007, as compared to the
second quarter of 2006, mainly as a result of strong volume growth in single
serve presentations, which carry higher average price per unit case, combined
with price increases implemented during the last twelve months throughout
Central America. </P>
<P>Total sales volume in our Central American territories grew 6.0% to 32.0
million unit cases in the second quarter of 2007, as compared to the same period
of 2006, resulting from incremental volumes of the carbonated soft drink
category, which accounted for more than 65% of the growth. Incremental volumes
of the <I>Coca-Cola</I> brand<I> </I>accounted for more than 40% of the growth,
and flavored carbonated soft drinks and non-carbonated beverages, excluding
bottled water contributed almost equally to the balance. In the second quarter
of 2007 non-carbonated beverages, excluding bottled water, increased more than
25% as compared to the same period of 2006 due to strong growth of <I>Hi-C</I>,
a juice based product and <I>Powerade</I>, an isotonic beverage. </P>
<P><B><I>Operating Income </I></B></P>
<P>Gross profit reached Ps. 537 million, an increase of 9.6% in the second
quarter of 2007, as compared to the same period of 2006, as a result of improved
operating leverage due to higher revenues. Gross margin rose from 46.2% in the
second quarter of 2006 to 47.0% in the second of 2007, resulting in a gross
margin improvement of 80 basis points. </P>
<P>Our operating income increased 18.4% to Ps. 174 million in the second quarter
of 2007, as compared to the second quarter of 2006, driven by higher fixed cost
absorption resulting from improved operating leverage. Our operating margin
reached 15.2% in the second quarter of 2007, an improvement of 130 basis points
as compared to the same period of 2006. </P>
<P><B>COLOMBIAN OPERATING RESULTS </B></P>
<P><B><I>Revenues </I></B></P>
<P>Total revenues increased 12.0% to Ps. 1,696 million in the second quarter of
2007, as compared to the second quarter of 2006. Higher average prices drove
more than 50% of this growth and sales volume growth represented the balance.
Our average price per unit case grew 6.5% to Ps. 35.56 (US$ 3.30), as a result
of price increases implemented in the last 12 months. </P>
<P>Total sales volume in the second quarter of 2007 grew 5.3%, as compared to
the same period of 2006, to 47.7 million unit cases. Carbonated soft drinks
volume growth accounted for more than 85% of the incremental volume in the
quarter, mainly driven by the <I>Coca-Cola</I> brand, with bottled water
accounting for the majority of the balance. Non-carbonated beverages, excluding
bottled water, increased over 20% as a result of strong growth of
<I>Powerade</I>, the isotonic beverage. </P>
<P><B><I>Operating Income </I></B></P>
<P>Our gross profit increased 26.4% to Ps. 833 million in the second quarter of
2007, as compared to the same period of the previous year. The strong
appreciation of the Colombian peso as applied to our U.S. dollar denominated raw
materials combined with lower sweetener costs and operating efficiencies,
resulted in a gross margin expansion of 560 basis points from 43.5% in the
second quarter of 2006 to 49.1% in the second quarter of 2007. </P>
<P>Operating expenses declined by 130 basis points as percentage of total
revenues, due to operating leverage achieved by higher revenues as compared to
the same period of 2006. Operating income increased 85.4% to Ps. 293 million in
the second quarter of 2007, as compared to the same period of 2006. Our
operating margin reached 17.3% in the second quarter of 2007, an increase of 690
basis points as compared to the same period of 2006. </P>
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    <TD align=left><B>July 27, 2007</B></TD>
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    <TD align=right><B>Page 5 </B></TD>
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<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
<P><B>VENEZUELAN OPERATING RESULTS </B></P>
<P><B><I>Revenues </I></B></P>
<P>Total revenues from our Venezuelan operations increased 21.1% to Ps. 2,070
million in the second quarter of 2007, as compared to the same period of 2006.
Volume growth accounted for over 75% of the incremental revenues during the
quarter and an average price per unit case increase was responsible for the
balance. Our average price reached Ps. 40.27 (US$ 3.73) in the second quarter of
2007.</P>
<P>Total sales volume increased 16.1% to 51.3 million unit cases during the
second quarter of 2007, as compared to the same quarter of 2006. Carbonated soft
drinks sales volume growth more than offset a decrease in jug water.
Non-carbonated beverages, excluding bottled water, grew 5.0% in the quarter
compared to the second quarter of 2006, mainly driven by incremental volumes of
<I>Nestea, </I>a ready to drink iced-tea. </P>
<P><B><I>Operating Income </I></B></P>
<P>Gross profit reached Ps. 824 million, an increase of 25.6% in the second
quarter of 2007, as compared to the same period of the previous year. In spite
of the increase in the average cost per unit case driven by higher raw material
prices, our gross margin improved 140 basis points from 38.4% in the second
quarter of 2006 to 39.8% in the same period of 2007, due to higher revenues.</P>
<P>Operating income reached Ps. 89 million, in the second quarter of 2007, a
significant increase from a small base, as compared to the same period of the
previous year, resulting in an operating margin increase of 280 basis points to
4.3% . Operating expenses as a percentage of total revenues declined from 36.9%
in the second quarter of 2006 to 35.5% in the same period of 2007 due to higher
fixed-cost absorption driven by higher revenues. </P>
<P><B>ARGENTINE OPERATING RESULTS </B></P>
<P><B><I>Revenues </I></B></P>
<P>In Argentina, our total revenues reached Ps. 807 million in the second
quarter of 2007 as a result of increases in sales volume and better average
price per unit case. Average price per unit case reached Ps. 21.30 (US$ 1.97) in
the second quarter of 2007 and continued to be the lowest among our
territories.</P>
<P>In the second quarter of 2007, total sales volume increased 2.5% to 37.6
million unit cases, as compared to the same period of 2006. Sales volume growth
from the <I>Coca-Cola</I> brand, driven by the introduction of <I>Coca-Cola
Zero</I> more than compensated flavored carbonated soft drink sales volume
decline of our value protection brand <I>Tai</I>. Sales volume of non-carbonated
beverages, excluding bottled water, more than doubled its size in the quarter
from a small base reaching 3.2% of our total sales volume in the second quarter
of 2007 as compared to 1.6% in the same period of the previous year.</P>
<P><B><I>Operating Income </I></B></P>
<P>Gross profit increased 10.3% to Ps. 321 million in the second quarter of
2007, as compared to the second quarter of 2006. Higher sweetener costs were
partially compensated by lower cost of PET bottles, resulting in a gross margin
decrease of 10 basis points to 39.8%, as compared to the second quarter of 2006.
</P>
<P>Operating expenses increased 11.4% in the second quarter of 2007 mainly due
to higher freight costs and salary expenses. Higher revenues more than offset
incremental expenses, resulting in an increase in operating income of 7.4% to
Ps. 87 million in the second quarter of 2007, as compared to the same period of
2006. Our operating income margin decreased 30 basis points to 10.8% in the
second quarter of 2007. </P>
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    <TD align=left><B>July 27, 2007</B></TD>
    <TD><img src="rodape.gif" width="49" height="24"></TD>
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<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
<P><B>BRAZILIAN OPERATING RESULTS</B></P>
<P><B><I>Revenues</I></B></P>
<P>Net revenues increased 11.3% to Ps. 2,201 million in the second quarter of
2007, as compared to the same period of 2006. Excluding beer, net revenues
increased 13.3% to Ps. 1,982 million in the second quarter of 2007, as compared
to the same period of 2006, with volume growth accounting for almost 85% of the
incremental net revenues and average price improvement accounting for the
balance. Excluding beer, average price per unit case increased 2.0% to Ps. 29.63
(US$ 2.75) during the second quarter of 2007, mainly driven by a product mix
shift towards our core brands, which carry higher average price per unit case
than our value protection brands. Total revenues from beer were Ps. 219 million
in the second quarter of 2007. </P>
<P>Sales volume, excluding beer, increased 11.1% to 66.9 million unit cases in
the second quarter of 2007, as compared to the second quarter of 2006.
Carbonated soft drinks sales volume growth accounted for over 85% of the
incremental volumes, driven by the <I>Coca-Cola</I> brand and the introduction
of <I>Coca-Cola Zero</I>. Non-carbonated beverages, excluding bottled water,
almost doubled its size from a small base reaching 1.6% of our total sales
volume, driven by the introduction of <I>Aquarius</I>, a no-calorie flavored
water, combined with strong performance of juice based products under <I>Minute
Maid Mais </I>brand. </P>
<P><B><I>Operating Income </I></B></P>
<P>In the second quarter of 2007, our gross profit increased by 15.4% to Ps. 965
million, as compared to the same period of the previous year. Lower average cost
per unit case, resulted from (i) the appreciation from the Brazilian Real as
applied to our U.S. dollar denominated raw materials, (ii) lower sweetener
costs, and (iii) lower PET bottler costs resulting from better procurement
practices, contributed to gross margin improvement of 160 basis points to 43.7%
in the second quarter of 2007.<I> </I></P>
<P>Operating income increased 24.1% in the second quarter of 2007, as compared
to the same period of 2006. Our operating margin was 14.0% in the second quarter
of 2007, an increase of 150 basis points as compared to the second quarter of
2006, due to lower average cost per unit case combined with higher
revenues.</P>
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    <TD align=right><B>Page 7</B></TD>
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<P><B>SUMMARY OF SIX-MONTH RESULTS </B></P>
<P>Our consolidated total revenues increased 8.8% to Ps. 31,760 million in the
first half of 2007, as compared to the first half of 2006, as a result of growth
in all of our territories; Venezuela, Colombia and Brazil represented more than
65% of this growth. Consolidated average price per unit case increased 2.2% to
Ps. 30.13 (US$ 2.79) in the first half of 2007. Higher average prices per unit
case for the soft drink portfolio in all of our operations, more than offset
incremental volumes of jug water in Mexico, which carry lower average unit price
per unit case. </P>
<P>Total sales volume increased 6.4% to 1,034.7 million unit cases in the first
half of 2007, as compared to the same period of the previous year. Sales volume
growth in Mexico and Venezuela accounted for over 50% of our incremental
volumes. Carbonated soft-drink sales volume grew 5.9% to 868.0 million cases,
driven by incremental volume across all of our territories. </P>
<P>Our gross profit increased 7.8% to Ps. 15,056 million in the first half of
2007, as compared to the first half of the previous year, driven by gross profit
growth across all of our territories except Mexico. Gross margin decreased
slightly to 47.4% during the first half of 2007 from 47.8% in the first half of
2006, due to higher cost per unit case in all of our territories except for
Colombia and Brazil.</P>
<P>Our consolidated operating income increased 10.9% to Ps. 5,090 million in the
first half of 2007, as compared to the first half of 2006. Colombia and
Venezuela accounted for most of this growth and more than offset an operating
income decline in Mexico. Our operating margin improved 30 basis points to 16.0%
in the first half of 2007, mainly driven by the improved operating leverage that
resulted from higher revenues. </P>
<P>Our consolidated majority net income was Ps. 2,896 million in the first half
of 2007 an increase of 68.3% compared to the first half of 2006, resulting from
a decline in our integral cost of financing combined with an increase in
operating income. EPS were Ps. 1.57 (US$ 1.45 per ADR) in the first half of
2007, computed on the basis of 1,846.5 million shares outstanding (each ADR
represents 10 local shares).</P>
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<P><B>CONFERENCE CALL INFORMATION </B></P>
<P>Our second-quarter 2007 Conference Call will be held on: July 27, 2007, at
11:00 A.M. Eastern Time (10:00 A.M. Mexico City Time). To participate in the
conference call, please dial: Domestic U.S.: 866-700-7477 and International:
617-213-8840. We invite investors to listen to the live audiocast of the
conference call on the Company&#146;s website, <U><FONT
color=#333333>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, 2007. To listen to the replay, please
dial: Domestic U.S.: 888-286-8010 or International: 617-801-6888. Pass code:
98344233. </P>
<P align=center><img src="bolinhas.gif" width="78" height="25"></P>
<P>Coca-Cola FEMSA, S.A.B. 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&#227;o Paulo, Campinas,
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 31 bottling facilities in Latin America and serves over 1,500,000
retailers in the region. The Coca-Cola Company owns a 31.6% equity interest in
Coca-Cola FEMSA. </P>
<P align=center><img src="bolinhas.gif" width="78" height="25"></P>
<P>Figures for the Company&#146;s operations in Mexico and its consolidated
international operations were prepared in accordance with Mexican financial
reporting standards (Mexican FRS). All figures are expressed in constant Mexican
pesos with purchasing power at June 30, 2007. For comparison purposes, 2006 and
2007 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 official
exchange rate at the end of the period published by the local central bank of
each country. In addition, all comparisons in this report for the second quarter
of 2007, which ended on June 30, 2007, are made against the figures for the
comparable period in 2006, 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>
<P>U.S. dollar amounts in this report solely for the convenience of the reader
have been translated from Mexican pesos at the noon day buying rate for pesos as
published by the Federal Reserve Bank of New York at June 30, 2007, which
exchange rate was Ps. 10.7901 to $1.00. </P>
<P align="center"><img src="bolinhas.gif" width="78" height="25"></P>
<P align=center>(7 pages of tables to follow) </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=51%></TD>
    <TD width=2%></TD>
    <TD width=46%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>July 27, 2007</B></TD>
    <TD><img src="rodape.gif" width="49" height="24"></TD>
    <TD align=right><B>Page 9</B></TD>
  </TR>
</TABLE>
<BR>
<HR align=left color=#000000 noShade SIZE=2>

<H5 style="PAGE-BREAK-BEFORE: always" align=left></H5><A name=page_10></A>
<div align="right"> <IMG src="logo_kof.gif" width="95" height="64" border=0></div>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<TABLE style="FONT-SIZE: 11px; FONT-FAMILY: 'Times New Roman, Times, Serif'" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD ></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>
    <TD colspan="9" align=left><b>Consolidated Balance Sheet</b></TD>
    </TR>
  <TR vAlign=bottom>
    <TD colspan="9" align=left>Expressed in million of Mexican pesos with purchasing power as of June 30,
2007</TD>
    </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD colspan="9" align=left>&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 07</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>Dec 06</B>&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&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>6,988&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>Ps.&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>4,771&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>2,564&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3,113&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>3,384&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2,755&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>1,401&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,071&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&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>14,337&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>11,710&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&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>34,435&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>35,221&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>-15,320&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>-15,779&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>1,252&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,248&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&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>20,367&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>20,690&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&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>472&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>452&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>1,783&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,882&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left><B>Intangibles assets and other assets</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>43,319&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>42,274&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&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>80,278</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>Ps.</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>77,008</B>&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    </TR>
  <TR>
    <TD colSpan=9>&nbsp;</TD></TR>
  <TR>
    <TD colSpan=9>&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 07</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>Dec 06</B>&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&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>2,917&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>Ps.&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3,262&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>301&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>272&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>5,075&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5,434&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>3,758&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3,633&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&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>12,051&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>12,601&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&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>17,333&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>16,284&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>916&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>896&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>4,548&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>4,639&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&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>34,848&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>34,420&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&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>1,434&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,252&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>3,021&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3,021&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>12,925&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>12,925&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>26,918&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>22,638&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>2,896&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5,088&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>-1,764&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>-2,336&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&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>43,996&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>41,336&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&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>45,430&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>42,588&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&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>80,278</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>Ps.</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>77,008</B>&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD colspan="9"  style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    </TR></TABLE>
<BR>
    <TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
      <TR>
        <TD width=51%></TD>
        <TD width=2%></TD>
        <TD width=46%></TD>
      </TR>
      <TR valign="bottom">
        <TD align=left><B>July 27, 2007</B></TD>
        <TD><img src="rodape.gif" width="49" height="24"></TD>
        <TD align=right><B>Page 10</B></TD>
      </TR>
    </TABLE>
    <hr align=left color=#000000 noshade size=2>
    <BR>
    <H5 style="PAGE-BREAK-BEFORE: always" align=left></H5>





<A name=page_11></A>
   <div align="right"> <IMG src="logo_kof.gif" width="95" height="64" border=0></div>
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<P align=right>&nbsp;</P>
<TABLE style="FONT-SIZE: 8px; FONT-FAMILY: 'Times New Roman, Times, Serif'" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD></TD>
    <TD width="1%"></TD>
    <TD width="7%"></TD>
    <TD width="7%"></TD>
    <TD width="1%"></TD>
    <TD width="7%"></TD>
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    <TD width="7%"></TD>
    <TD width="1%"></TD>
    <TD width="7%"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left><B>Consolidated Income Statement</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD colspan="17" align=left>Expressed in million of Mexican pesos<SUP>(1) </SUP>with
      purchasing power as of June 30, 2007&nbsp;</TD>
    </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR>

  <TR vAlign=bottom>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center colSpan=2><B>2Q 07 % Rev</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center colSpan=2><B>2Q 06 % Rev</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B></B><FONT FACE="Symbol"><B>D</B></FONT> %</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center colSpan=2><B>YTD 07 % Rev</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center colSpan=2><B>YTD 06 % Rev</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B></B><FONT FACE="Symbol"><B>D</B></FONT> %</TD>
  </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=2>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=2>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=2>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=2>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Sales Volume (million unit cases)</TD>
    <TD>&nbsp;</TD>
    <TD align=right>535.9&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>505.9&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>5.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,034.7&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>972.1&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>6.4%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Average price per unit case&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>30.18&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>29.52&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>30.13&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>29.48&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2.2%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Net revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>16,390&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>15,162&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>31,632&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>29,094&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8.7%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Other operating revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>70&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>48&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>45.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>128&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>103&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>24.3%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Total revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>16,460&nbsp;</TD>
    <TD align=right>100%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>15,210&nbsp;</TD>
    <TD align=right>100%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>31,760&nbsp;</TD>
    <TD align=right>100%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>29,197&nbsp;</TD>
    <TD align=right>100%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8.8%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Cost of sales&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>8,544&nbsp;</TD>
    <TD align=right>51.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7,906&nbsp;</TD>
    <TD align=right>52.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>16,704&nbsp;</TD>
    <TD align=right>52.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>15,229&nbsp;</TD>
    <TD align=right>52.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>9.7%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Gross profit&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>7,916&nbsp;</TD>
    <TD align=right>48.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7,304&nbsp;</TD>
    <TD align=right>48.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>15,056&nbsp;</TD>
    <TD align=right>47.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>13,968&nbsp;</TD>
    <TD align=right>47.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7.8%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Operating expenses&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5,137&nbsp;</TD>
    <TD align=right>31.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4,788&nbsp;</TD>
    <TD align=right>31.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>9,966&nbsp;</TD>
    <TD align=right>31.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>9,378&nbsp;</TD>
    <TD align=right>32.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>6.3%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Operating income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2,779&nbsp;</TD>
    <TD align=right>16.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,516&nbsp;</TD>
    <TD align=right>16.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>10.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>5,090&nbsp;</TD>
    <TD align=right>16.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4,590&nbsp;</TD>
    <TD align=right>15.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>10.9%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Other expenses, net&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>208&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>292&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-28.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>378&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>333&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>13.5%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>&nbsp; &nbsp;Interest expense&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>634&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>519&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>22.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,118&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,068&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4.7%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>&nbsp; &nbsp;Interest income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>166&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>99&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>67.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>302&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>185&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>63.2%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>&nbsp; &nbsp;Interest expense, net&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>468&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>420&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>11.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>816&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>883&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-7.6%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>&nbsp; &nbsp;Foreign exchange (gain) loss&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(132)</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>281&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-147.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>(35)</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>452&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-107.7%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>&nbsp; &nbsp;(Gain) Loss on monetary position&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(65)</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>33&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-297.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>(254)</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>(132)</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>92.4%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>&nbsp; &nbsp;Unhedged derivative instrument (gain)
    loss&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(90)</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>182&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-149.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>(60)</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>218&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-127.5%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Integral cost of financing&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>181&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>916&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-80.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>467&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,421&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-67.1%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Income before taxes&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2,390&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,308&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>82.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4,245&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,836&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>49.7%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD align="right">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Taxes&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>605&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>513&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>17.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,244&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,019&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>22.1%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Consolidated net income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,785&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>795&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>124.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3,001&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,817&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>65.2%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Majority net income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,739&nbsp;</TD>
    <TD align=right>10.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>755&nbsp;</TD>
    <TD align=right>5.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>130.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,896&nbsp;</TD>
    <TD align=right>9.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,721&nbsp;</TD>
    <TD align=right>5.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>68.3%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Minority net income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>46&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>40&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>15.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>105&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>96&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>9.4%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Operating income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2,779&nbsp;</TD>
    <TD align=right>16.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,516&nbsp;</TD>
    <TD align=right>16.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>10.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>5,090&nbsp;</TD>
    <TD align=right>16.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4,590&nbsp;</TD>
    <TD align=right>15.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>10.9%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Depreciation&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>389&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>384&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>775&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>769&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>0.8%&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>327&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>380&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-13.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>662&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>709&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-6.6%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>EBITDA <SUP>(3)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align=right>3,495&nbsp;</TD>
    <TD align=right>21.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3,280&nbsp;</TD>
    <TD align=right>21.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>6.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>6,527&nbsp;</TD>
    <TD align=right>20.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>6,068&nbsp;</TD>
    <TD align=right>20.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7.6%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" >&nbsp;</TD></TR></TABLE>
<BR>
<TABLE style="FONT-SIZE: 11px; FONT-FAMILY: 'Times New Roman, Times, Serif'" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD width="5%" vAlign=top noWrap><SUP>(1)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Except volume and average price per unit case figures.  </div></TD></TR>

  <TR>
    <TD vAlign=top noWrap><SUP>(2)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Includes returnable bottle breakage expense. </div></TD></TR>

  <TR>
    <TD vAlign=top noWrap><SUP>(3)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">EBITDA = Operating Income + Depreciation +Amortization
      &amp; Other non-cash charges. </div></TD></TR>
  </TABLE>
<p>&nbsp;</p>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=51%></TD>
    <TD width=2%></TD>
    <TD width=46%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>July  27, 2007</B></TD>
    <TD><img src="rodape.gif" width="49" height="24"></TD>
    <TD align=right><B>Page 11</B></TD>
  </TR>
</TABLE>
<HR align=left color=#000000 noShade SIZE=2>

<H5 style="PAGE-BREAK-BEFORE: always" align=left></H5><A name=page_12></A>
<div align="right"> <IMG src="logo_kof.gif" width="95" height="64" border=0></div>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
<P align=right>&nbsp;</P>
<TABLE style="FONT-SIZE: 8px; FONT-FAMILY: 'Times New Roman, Times, Serif'" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD></TD>
    <TD width="1%"></TD>
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    <TD width="8%"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left><B>Mexican operations</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left colSpan=17>Expressed in million of Mexican pesos<SUP>(1)
      </SUP>with purchasing power as of June 30, 2007&nbsp;</TD>
    </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=3>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
   <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR>

  <TR vAlign=bottom>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center colSpan=2><B>2Q 07 % Rev</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center colSpan=2><B>2Q 06 % Rev</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B></B><FONT FACE="Symbol"><B>D</B></FONT> %</TD>
    <TD align="center">&nbsp;</TD>
    <TD colSpan=2 align=center><B>YTD 07 %  </B>&nbsp;<b>Rev</b></TD>
    <TD align=center>&nbsp;</TD>
    <TD colSpan=2 align=center><b> YTD 06</b><b>% Rev</b></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B></B><FONT FACE="Symbol"><B>D</B></FONT> %</TD>
  </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=2>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=2>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=5>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Sales Volume (million unit cases)</TD>
    <TD>&nbsp;</TD>
    <TD align=right>300.4&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>289.3&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>552.1&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>535.3&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3.1%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Average price per unit case&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>28.25&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>28.30&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-0.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>28.09&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>28.33&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-0.9%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Net revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>8,485&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8,187&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>15,506&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>15,164&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2.3%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Other operating revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>52&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>21&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>147.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>89&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>44&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>102.3%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Total revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>8,537&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8,208&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>15,595&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>15,208&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2.5%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Cost of sales&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>4,101&nbsp;</TD>
    <TD align=right>48.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3,836&nbsp;</TD>
    <TD align=right>46.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>6.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7,590&nbsp;</TD>
    <TD align=right>48.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7,131&nbsp;</TD>
    <TD align=right>46.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>6.4%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Gross profit&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>4,436&nbsp;</TD>
    <TD align=right>52.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4,372&nbsp;</TD>
    <TD align=right>53.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8,005&nbsp;</TD>
    <TD align=right>51.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8,077&nbsp;</TD>
    <TD align=right>53.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-0.9%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Operating expenses&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2,609&nbsp;</TD>
    <TD align=right>30.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,516&nbsp;</TD>
    <TD align=right>30.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4,991&nbsp;</TD>
    <TD align=right>32.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4,893&nbsp;</TD>
    <TD align=right>32.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2.0%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Operating income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,827&nbsp;</TD>
    <TD align=right>21.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,856&nbsp;</TD>
    <TD align=right>22.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-1.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3,014&nbsp;</TD>
    <TD align=right>19.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3,184&nbsp;</TD>
    <TD align=right>20.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-5.3%&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>418&nbsp;</TD>
    <TD align=right>4.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>473&nbsp;</TD>
    <TD align=right>5.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-11.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>822&nbsp;</TD>
    <TD align=right>5.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>874&nbsp;</TD>
    <TD align=right>5.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-5.9%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>EBITDA <SUP>(3)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align=right>2,245&nbsp;</TD>
    <TD align=right>26.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,329&nbsp;</TD>
    <TD align=right>28.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-3.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3,836&nbsp;</TD>
    <TD align=right>24.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4,058&nbsp;</TD>
    <TD align=right>26.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-5.5%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid"
>&nbsp;</TD></TR></TABLE>
<BR>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

  <TR>
    <TD width="5%" vAlign=top noWrap><SUP>(1)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Except volume and average price per unit case figures.  </div></TD></TR>

  <TR>
    <TD vAlign=top noWrap><SUP>(2)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Includes returnable bottle breakage expense. </div></TD></TR>

  <TR>
    <TD vAlign=top noWrap><SUP>(3)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">EBITDA = Operating Income + Depreciation + Amortization
      &amp; Other non-cash charges. </div></TD></TR>
  </TABLE>
<br><br>


<TABLE style="FONT-SIZE: 8px; FONT-FAMILY: 'Times New Roman, Times, Serif'" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD></TR>
  <TR vAlign=bottom>
    <TD colspan="17" align=left><B>Central American operations</B>&nbsp;</TD>
    </TR>
  <TR vAlign=bottom>
    <TD align=left colSpan=17>Expressed in million of Mexican pesos<SUP>(1)
      </SUP>with purchasing power as of June 30, 2007&nbsp;</TD>
    </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=3>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center colSpan=2><B>2Q 07 % Rev</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center colSpan=2><B>2Q 06 % Rev</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B></B><FONT FACE="Symbol"><B>D</B></FONT> %</TD>
    <TD align="center">&nbsp;</TD>
    <TD colSpan=2 align=center><B>YTD 07   </B>&nbsp;<b>% Rev</b></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center><b>YTD 06</b></TD>
    <TD align=center><b>% Rev</b></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B></B><FONT FACE="Symbol"><B>D</B></FONT> %</TD>
  </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=2>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=2>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=5>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Sales Volume (million unit cases)</TD>
    <TD>&nbsp;</TD>
    <TD align=right>32.0&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>30.2&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>6.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>63.5&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>58.6&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8.4%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Average price per unit case&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>35.66&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>35.10&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>35.46&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>34.35&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3.2%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Net revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,141&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,060&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,252&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,013&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>11.9%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Other operating revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>300.0%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Total revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,143&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,061&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,256&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,014&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>12.0%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Cost of sales&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>606&nbsp;</TD>
    <TD align=right>53.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>571&nbsp;</TD>
    <TD align=right>53.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>6.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,200&nbsp;</TD>
    <TD align=right>53.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,088&nbsp;</TD>
    <TD align=right>54.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>10.3%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Gross profit&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>537&nbsp;</TD>
    <TD align=right>47.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>490&nbsp;</TD>
    <TD align=right>46.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>9.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,056&nbsp;</TD>
    <TD align=right>46.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>926&nbsp;</TD>
    <TD align=right>46.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>14.0%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Operating expenses&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>363&nbsp;</TD>
    <TD align=right>31.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>343&nbsp;</TD>
    <TD align=right>32.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>5.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>723&nbsp;</TD>
    <TD align=right>32.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>668&nbsp;</TD>
    <TD align=right>33.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8.2%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Operating income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>174&nbsp;</TD>
    <TD align=right>15.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>147&nbsp;</TD>
    <TD align=right>13.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>18.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>333&nbsp;</TD>
    <TD align=right>14.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>258&nbsp;</TD>
    <TD align=right>12.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>29.1%&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>55&nbsp;</TD>
    <TD align=right>4.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>58&nbsp;</TD>
    <TD align=right>5.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-5.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>110&nbsp;</TD>
    <TD align=right>4.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>114&nbsp;</TD>
    <TD align=right>5.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-3.5%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>EBITDA <SUP>(3)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align=right>229&nbsp;</TD>
    <TD align=right>20.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>205&nbsp;</TD>
    <TD align=right>19.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>11.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>443&nbsp;</TD>
    <TD align=right>19.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>372&nbsp;</TD>
    <TD align=right>18.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>19.1%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid"
>&nbsp;</TD></TR></TABLE>
<BR>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

  <TR>
    <TD width="5%" vAlign=top noWrap><SUP>(1)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Except volume and average price per unit case figures.  </div></TD></TR>

  <TR>
    <TD vAlign=top noWrap><SUP>(2)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Includes returnable bottle breakage expense. </div></TD></TR>

  <TR>
    <TD vAlign=top noWrap><SUP>(3)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">EBITDA = Operating Income + Depreciation + Amortization
      &amp; Other non-cash charges. </div></TD></TR>
  </TABLE>
<p>&nbsp;</p>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=51%></TD>
    <TD width=2%></TD>
    <TD width=46%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>July  27, 2007</B></TD>
    <TD><img src="rodape.gif" width="49" height="24"></TD>
    <TD align=right><B>Page 12</B></TD>
  </TR>
</TABLE>
<HR align=left color=#000000 noShade SIZE=2>

<H5 style="PAGE-BREAK-BEFORE: always" align=left></H5><A name=page_13></A>
<div align="right"> <IMG src="logo_kof.gif" width="95" height="64" border=0></div>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
<P align=right>&nbsp;</P>
<TABLE style="FONT-SIZE: 8px; FONT-FAMILY: 'Times New Roman, Times, Serif'" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD></TD>
    <TD width="1%"></TD>
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  <TR vAlign=bottom>
    <TD align=left><B>Colombian operations</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left colSpan=17>Expressed in million of Mexican pesos<SUP>(1)
      </SUP>with purchasing power as of June 30, 2007&nbsp;</TD>
    </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=3>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
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    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center colSpan=2><B>2Q 07 % Rev</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center colSpan=2><B>2Q 06 % Rev</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B></B><FONT FACE="Symbol"><B>D</B></FONT> %</TD>
    <TD align="center">&nbsp;</TD>
    <TD colSpan=2 align=center><B>YTD 07</B><b>% Rev</b></TD>
    <TD align=center>&nbsp;</TD>
    <TD colSpan=2 align=center><b>YTD 06</b><b> % Rev</b>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B></B><FONT FACE="Symbol"><B>D</B></FONT> %</TD>
  </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=2>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=2>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=5>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Sales Volume (million unit cases)</TD>
    <TD>&nbsp;</TD>
    <TD align=right>47.7&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>45.3&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>5.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>95.6&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>87.3&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>9.5%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Average price per unit case&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>35.56&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>33.40&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>6.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>36.10&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>33.72&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7.0%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Net revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,696&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,513&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>12.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3,451&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,944&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>17.2%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Other operating revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;-&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-100.0%&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>1&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-100.0%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Total revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,696&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,514&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>12.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3,451&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,945&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>17.2%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Cost of sales&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>863&nbsp;</TD>
    <TD align=right>50.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>855&nbsp;</TD>
    <TD align=right>56.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>0.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,798&nbsp;</TD>
    <TD align=right>52.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,650&nbsp;</TD>
    <TD align=right>56.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>9.0%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Gross profit&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>833&nbsp;</TD>
    <TD align=right>49.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>659&nbsp;</TD>
    <TD align=right>43.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>26.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,653&nbsp;</TD>
    <TD align=right>47.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,295&nbsp;</TD>
    <TD align=right>44.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>27.6%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Operating expenses&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>540&nbsp;</TD>
    <TD align=right>31.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>501&nbsp;</TD>
    <TD align=right>33.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,072&nbsp;</TD>
    <TD align=right>31.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>990&nbsp;</TD>
    <TD align=right>33.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8.3%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Operating income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>293&nbsp;</TD>
    <TD align=right>17.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>158&nbsp;</TD>
    <TD align=right>10.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>85.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>581&nbsp;</TD>
    <TD align=right>16.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>305&nbsp;</TD>
    <TD align=right>10.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>90.5%&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>77&nbsp;</TD>
    <TD align=right>4.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>75&nbsp;</TD>
    <TD align=right>5.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>163&nbsp;</TD>
    <TD align=right>4.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>162&nbsp;</TD>
    <TD align=right>5.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>0.6%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>EBITDA <SUP>(3)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align=right>370&nbsp;</TD>
    <TD align=right>21.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>233&nbsp;</TD>
    <TD align=right>15.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>58.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>744&nbsp;</TD>
    <TD align=right>21.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>467&nbsp;</TD>
    <TD align=right>15.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>59.3%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid"
>&nbsp;</TD></TR></TABLE>
<BR>
<TABLE style="FONT-SIZE: 11px; FONT-FAMILY: 'Times New Roman, Times, Serif'" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD width="5%" vAlign=top noWrap><SUP>(1)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Except volume and average price per unit case figures.  </div></TD></TR>

  <TR>
    <TD vAlign=top noWrap><SUP>(2)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Includes returnable bottle breakage expense. </div></TD></TR>

  <TR>
    <TD vAlign=top noWrap><SUP>(3)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">EBITDA = Operating Income + Depreciation + Amortization
      &amp; Other non-cash charges. </div></TD></TR>
  <TR>
    <TD colSpan=2><p>&nbsp;</p>
      <p>&nbsp;</p></TD></TR></TABLE>

<TABLE style="FONT-SIZE: 8px; FONT-FAMILY: 'Times New Roman, Times, Serif'" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left><B>Venezuelan operations</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left colSpan=17>Expressed in million of Mexican pesos<SUP>(1)
      </SUP>with purchasing power as of June 30, 2007&nbsp;</TD>
    </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=3>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center><B>2Q 07 </B>&nbsp;</TD>
    <TD align=center><b>% Rev</b></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>2Q 06</B>&nbsp;</TD>
    <TD align=center><b> % Rev</b></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B></B><FONT FACE="Symbol"><B>D</B></FONT> %</TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center><b>YTD 07 </b></TD>
    <TD align=center><b>% Rev</b></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center><b>YTD 06</b></TD>
    <TD align=center><b>% Rev</b>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B></B><FONT FACE="Symbol"><B>D</B></FONT> %</TD>
  </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=2>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=2>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=6>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Sales Volume (million unit cases)</TD>
    <TD>&nbsp;</TD>
    <TD align=right>51.3&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>44.2&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>16.1%&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>100.5&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>85.2&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>18.0%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Average price per unit case&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>40.27&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>38.60&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4.3%&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>40.07&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>38.43&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4.3%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align=right style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Net revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2,066&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,706&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>21.1%&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>4,027&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3,274&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>23.0%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Other operating revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>4&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>0.0%&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>7&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>9&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-22.2%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align=right style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Total revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2,070&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,710&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>21.1%&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>4,034&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3,283&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>22.9%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Cost of sales&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,246&nbsp;</TD>
    <TD align=right>60.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,054&nbsp;</TD>
    <TD align=right>61.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>18.2%&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>2,431&nbsp;</TD>
    <TD align=right>60.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,022&nbsp;</TD>
    <TD align=right>61.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>20.2%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align=right style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Gross profit&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>824&nbsp;</TD>
    <TD align=right>39.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>656&nbsp;</TD>
    <TD align=right>38.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>25.6%&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>1,603&nbsp;</TD>
    <TD align=right>39.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,261&nbsp;</TD>
    <TD align=right>38.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>27.1%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align=right style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Operating expenses&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>735&nbsp;</TD>
    <TD align=right>35.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>631&nbsp;</TD>
    <TD align=right>36.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>16.5%&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>1,403&nbsp;</TD>
    <TD align=right>34.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,218&nbsp;</TD>
    <TD align=right>37.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>15.2%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align=right style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Operating income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>89&nbsp;</TD>
    <TD align=right>4.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>25&nbsp;</TD>
    <TD align=right>1.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>256.0%&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>200&nbsp;</TD>
    <TD align=right>5.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>43&nbsp;</TD>
    <TD align=right>1.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>365.1%&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>69&nbsp;</TD>
    <TD align=right>3.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>79&nbsp;</TD>
    <TD align=right>4.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-12.7%&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>145&nbsp;</TD>
    <TD align=right>3.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>160&nbsp;</TD>
    <TD align=right>4.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-9.4%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align=right style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>EBITDA <SUP>(3)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align=right>158&nbsp;</TD>
    <TD align=right>7.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>104&nbsp;</TD>
    <TD align=right>6.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>51.9%&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align=right>345&nbsp;</TD>
    <TD align=right>8.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>203&nbsp;</TD>
    <TD align=right>6.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>70.0%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid"
>&nbsp;</TD></TR></TABLE>
<BR>
<TABLE style="FONT-SIZE: 11px; FONT-FAMILY: 'Times New Roman, Times, Serif'" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD width="5%" vAlign=top noWrap><SUP>(1)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Except volume and average price per unit case figures.  </div></TD></TR>

  <TR>
    <TD vAlign=top noWrap><SUP>(2)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Includes returnable bottle breakage expense. </div></TD></TR>

  <TR>
    <TD vAlign=top noWrap><SUP>(3)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">EBITDA = Operating Income + Depreciation + Amortization
      &amp; Other non-cash charges. </div></TD></TR>
  </TABLE>
<p>&nbsp;</p>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=51%></TD>
    <TD width=2%></TD>
    <TD width=46%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>July  27, 2007</B></TD>
    <TD><img src="rodape.gif" width="49" height="24"></TD>
    <TD align=right><B>Page 13</B></TD>
  </TR>
</TABLE>
<HR align=left color=#000000 noShade SIZE=2>

<H5 style="PAGE-BREAK-BEFORE: always" align=left></H5><A name=page_14></A>
<div align="right"> <IMG src="logo_kof.gif" width="95" height="64" border=0></div>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
<P align=right>&nbsp;</P>
<TABLE style="FONT-SIZE: 8px; FONT-FAMILY: 'Times New Roman, Times, Serif'" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD></TD>
    <TD width="1%"></TD>
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    <TD width="8%"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left><B>Argentine operations</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left colSpan=17>Expressed in million of Mexican pesos<SUP>(1)
      </SUP>with purchasing power as of June 30, 2007&nbsp;</TD>
    </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=3>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
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    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center><B>2Q 07</B></TD>
    <TD align=center><b> % Rev</b>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>2Q 06 </B>&nbsp;</TD>
    <TD align=center><b>% Rev</b></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B></B><FONT FACE="Symbol"><B>D</B></FONT> %</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>YTD 07</B></TD>
    <TD align=center><b> % Rev </b></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center><b>YTD 06 </b></TD>
    <TD align=center><b>% Rev</b>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B></B><FONT FACE="Symbol"><B>D</B></FONT> %</TD>
  </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=2>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=2>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=5>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Sales Volume (million unit cases)</TD>
    <TD>&nbsp;</TD>
    <TD align=right>37.6&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>36.7&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>83.5&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>77.7&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7.5%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Average price per unit case&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>21.30&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>19.56&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>21.22&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>19.58&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8.4%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Net revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>801&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>718&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>11.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,772&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,521&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>16.5%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Other operating revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>6&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>12&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-50.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>17&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>24&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-29.2%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Total revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>807&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>730&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>10.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,789&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,545&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>15.8%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Cost of sales&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>486&nbsp;</TD>
    <TD align=right>60.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>439&nbsp;</TD>
    <TD align=right>60.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>10.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,066&nbsp;</TD>
    <TD align=right>59.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>930&nbsp;</TD>
    <TD align=right>60.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>14.6%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Gross profit&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>321&nbsp;</TD>
    <TD align=right>39.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>291&nbsp;</TD>
    <TD align=right>39.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>10.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>723&nbsp;</TD>
    <TD align=right>40.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>615&nbsp;</TD>
    <TD align=right>39.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>17.6%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Operating expenses&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>234&nbsp;</TD>
    <TD align=right>29.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>210&nbsp;</TD>
    <TD align=right>28.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>11.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>485&nbsp;</TD>
    <TD align=right>27.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>422&nbsp;</TD>
    <TD align=right>27.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>14.9%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Operating income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>87&nbsp;</TD>
    <TD align=right>10.8%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>81&nbsp;</TD>
    <TD align=right>11.1%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>238&nbsp;</TD>
    <TD align=right>13.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>193&nbsp;</TD>
    <TD align=right>12.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>23.3%&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>46&nbsp;</TD>
    <TD align=right>5.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>41&nbsp;</TD>
    <TD align=right>5.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>12.2%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>95&nbsp;</TD>
    <TD align=right>5.3%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>83&nbsp;</TD>
    <TD align=right>5.4%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>14.5%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD>
    <TD align="right"></TD>
    <TD style="BORDER-TOP: #000000 1px solid" align=right>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>EBITDA <SUP>(3)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align=right>133&nbsp;</TD>
    <TD align=right>16.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>122&nbsp;</TD>
    <TD align=right>16.7%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>9.0%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>333&nbsp;</TD>
    <TD align=right>18.6%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>276&nbsp;</TD>
    <TD align=right>17.9%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>20.7%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid"
>&nbsp;</TD></TR></TABLE>
<BR>
<TABLE style="FONT-SIZE: 11px; FONT-FAMILY: 'Times New Roman, Times, Serif'" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD width="5%" vAlign=top noWrap><SUP>(1)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Except volume and average price per unit case figures.  </div></TD></TR>

  <TR>
    <TD vAlign=top noWrap><SUP>(2)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Includes returnable bottle breakage expense. </div></TD></TR>

  <TR>
    <TD vAlign=top noWrap><SUP>(3)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">EBITDA = Operating Income + Depreciation + Amortization
      &amp; Other non-cash charges. </div></TD></TR>
  <TR>
    <TD colSpan=2>&nbsp;</TD></TR></TABLE>
	<hr>
<TABLE style="FONT-SIZE: 8px; FONT-FAMILY: 'Times New Roman, Times, Serif'" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD>
    <TD width="8%"></TD>
    <TD width="1%"></TD>
    <TD width="8%"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left><B>Brazilian operations</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=3>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>
  <TR vAlign=bottom>
    <TD align=left colSpan=17>Expressed in million of Mexican pesos<SUP>(1)
      </SUP>with purchasing power as of June 30, 2007&nbsp;</TD>
    </TR>
  <TR vAlign=bottom>
    <TD align=left>Financial figures include beer results.&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=3>&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>

  <TR vAlign=bottom>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center><B>2Q 07</B></TD>
    <TD align=center><b> % Rev</b>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>2Q 06 </B>&nbsp;</TD>
    <TD align=center><b>% Rev</b></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B></B><FONT FACE="Symbol"><B>D</B></FONT> %</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>YTD 07   </B></TD>
    <TD align=center><b>% Rev</b></TD>
    <TD align=center>&nbsp;</TD>
    <TD align=center><b>YTD 06</b></TD>
    <TD align=center><b>% Rev</b>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B></B><FONT FACE="Symbol"><B>D</B></FONT> %</TD>
  </TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=2>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=2>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid" colSpan=5>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Sales Volume (million unit cases) <SUP>(2)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align=right>66.9&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>60.2&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>11.1%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>139.5&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>128.0&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>9.0%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Average price per unit case <SUP>(2)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align=right>29.63&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>29.05&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2.0%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>29.86&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>29.20&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2.2%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Net revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2,201&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,978&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>11.3%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>4,624&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>4,178&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>10.7%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Other operating revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>6&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>9&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>-33.3%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>11&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>24&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>-54.2%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Total revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2,207&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,987&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>11.1%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>4,635&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>4,202&nbsp;</TD>
    <TD align=right>100.0%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>10.3%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Cost of sales&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,242&nbsp;</TD>
    <TD align=right>56.3%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,151&nbsp;</TD>
    <TD align=right>57.9%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>7.9%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2,619&nbsp;</TD>
    <TD align=right>56.5%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2,408&nbsp;</TD>
    <TD align=right>57.3%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>8.8%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Gross profit&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>965&nbsp;</TD>
    <TD align=right>43.7%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>836&nbsp;</TD>
    <TD align=right>42.1%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>15.4%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2,016&nbsp;</TD>
    <TD align=right>43.5%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,794&nbsp;</TD>
    <TD align=right>42.7%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>12.4%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Operating expenses&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>656&nbsp;</TD>
    <TD align=right>29.7%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>587&nbsp;</TD>
    <TD align=right>29.5%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>11.8%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,292&nbsp;</TD>
    <TD align=right>27.9%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,187&nbsp;</TD>
    <TD align=right>28.2%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>8.8%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Operating income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>309&nbsp;</TD>
    <TD align=right>14.0%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>249&nbsp;</TD>
    <TD align=right>12.5%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>24.1%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>724&nbsp;</TD>
    <TD align=right>15.6%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>607&nbsp;</TD>
    <TD align=right>14.4%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>19.3%&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>Depreciation, Amortization &amp; Other non-cash charges
      <SUP>(3)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align=right>51&nbsp;</TD>
    <TD align=right>2.3%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>38&nbsp;</TD>
    <TD align=right>1.9%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>34.2%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>102&nbsp;</TD>
    <TD align=right>2.2%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>85&nbsp;</TD>
    <TD align=right>2.0%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>20.0%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD align=left>EBITDA <SUP>(4)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align=right>360&nbsp;</TD>
    <TD align=right>16.3%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>287&nbsp;</TD>
    <TD align=right>14.4%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>25.4%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>826&nbsp;</TD>
    <TD align=right>17.8%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>692&nbsp;</TD>
    <TD align=right>16.5%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>19.4%&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid"
>&nbsp;</TD></TR></TABLE>
<BR>
<TABLE style="FONT-SIZE: 11px; FONT-FAMILY: 'Times New Roman, Times, Serif'" cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD width="5%" vAlign=top noWrap><SUP>(1)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Except volume and average price per unit case figures.  </div></TD></TR>

  <TR>
    <TD vAlign=top noWrap><SUP>(2)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Sales volume and average price per unit case exclude beer
      results. </div></TD></TR>

  <TR>
    <TD vAlign=top noWrap><SUP>(3)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Includes returnable bottle breakage expense. </div></TD></TR>

  <TR>
    <TD vAlign=top noWrap><SUP>(4)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">EBITDA = Operating Income + Depreciation + Amortization
      &amp; Other non-cash charges. </div></TD></TR>
  </TABLE>
<p>&nbsp;</p>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=51%></TD>
    <TD width=2%></TD>
    <TD width=46%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>July  27, 2007</B></TD>
    <TD><img src="rodape.gif" width="49" height="24"></TD>
    <TD align=right><B>Page 14</B></TD>
  </TR>
</TABLE>
<HR align=left color=#000000 noShade SIZE=2>

<H5 style="PAGE-BREAK-BEFORE: always" align=left></H5><A name=page_15></A>
<div align="right"> <IMG src="logo_kof.gif" width="95" height="64" border=0></div>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=100%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>SELECTED INFORMATION</B>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
</TABLE>
<P align=left>&nbsp;</P>
<P><B>For the three months ended June 30, 2007 and 2006</B></P>
<P><B><I>Expressed in million of Mexican pesos as of June 30, 2007</I></B></P>
<P>&nbsp;</P>
<TABLE border=0 width=100% align="center" cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD></TD>
    <TD width=2%></TD>
    <TD width=13%></TD>
    <TD width=5%></TD>
    <TD></TD>
    <TD width=2%></TD>
    <TD width=13%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center><b>2Q 07</b>&nbsp;</TD>
    <TD width="5%" align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><b>2Q 06</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="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></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>
  </TR>
  <TR valign="bottom">
    <TD align=left>Capex&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp; &nbsp;767.8&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>Capex&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>775.1&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="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></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>
  </TR>
  <TR valign="bottom">
    <TD align=left>Depreciation&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp; &nbsp;388.7&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>Depreciation&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>383.8&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="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></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>
  </TR>
  <TR valign="bottom">
    <TD align=left>Amortization &amp; Other non-cash charges&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>&nbsp;327.4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>Amortization &amp; Other non-cash charges&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>380.0&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></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>
  </TR>
</TABLE>
<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></TD>
    <TD width=1%></TD>
    <TD width=7%></TD>
    <TD width=1%></TD>
    <TD width=7%></TD>
    <TD width=1%></TD>
    <TD width=7%></TD>
    <TD width=1%></TD>
    <TD width=7%></TD>
    <TD width=1%></TD>
    <TD width=7%></TD>
    <TD></TD>
    <TD width=7%></TD>
    <TD width=1%></TD>
    <TD width=7%></TD>
    <TD width=1%></TD>
    <TD width=7%></TD>
    <TD width=1%></TD>
    <TD width=7%></TD>
    <TD width=1%></TD>
    <TD width=7%></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>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><b>2Q 07</b></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>1Q 07</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD align="center"></TD>
    <TD colspan="9" 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>CSD</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>Water </B><B><SUP>(1)</SUP></B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>Jug Water</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>Other</B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>Total</B>&nbsp;</TD>
    <TD width="4%" align="center">&nbsp;</TD>
    <TD align=center><B>CSD</B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>Water </B><B><SUP>(1)</SUP></B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>Jug Water</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>Other</B>&nbsp;</TD>
    <TD align="center">&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></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></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></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></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></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>
  </TR>
  <TR valign="bottom">
    <TD align=left>Mexico&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>232.1&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>14.2&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>50.8&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3.3&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>300.4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>228.3&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>12.4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>46.2&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2.4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>289.3&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Central America&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>28.8&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1.4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1.8&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>32.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>27.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1.2&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>30.2&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Colombia&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>42.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2.6&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.6&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>47.7&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>39.9&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2.4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>45.3&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Venezuela&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>46.2&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2.1&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>51.3&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>38.3&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3.1&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.9&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1.9&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>44.2&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Brazil&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>61.6&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>4.2&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1.1&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>66.9&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>55.8&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3.9&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>60.2&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Argentina&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>36.2&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.2&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1.2&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>37.6&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>35.6&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.6&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>36.7&nbsp;</TD>
  </TR>


  <TR valign="bottom" style="font-size: 1px">
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Total&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>446.9&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>25.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>53.4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>10.1&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>535.9&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>425.4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>24.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>49.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>7.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>505.9&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></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></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></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></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></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>

  <TR valign="bottom">
    <TD colspan="21" align=left><i><sup>(1) </sup></i><i>Excludes water
    presentations larger than 5.0 Lt</i>&nbsp;</TD>
  </TR>
</TABLE>
<p>&nbsp;</p>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=100%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>SELECTED INFORMATION</B>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
</TABLE>
<TABLE style="FONT-SIZE: 11px; FONT-FAMILY: 'Times New Roman, Times, Serif'"
cellSpacing=0 cellPadding=0 width="100%" border=0></TABLE>
<BR>
<B>For the six months ended June 30, 2007 and 2006</B>
<P><B><I>Expressed in million of Mexican pesos as of June 30, 2007</I></B></P>
<TABLE border=0 width=100% align="center" cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD></TD>
    <TD width=2%></TD>
    <TD width=13%></TD>
    <TD width=5%></TD>
    <TD></TD>
    <TD width=2%></TD>
    <TD width=13%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center><B>YTD 07</B>&nbsp;</TD>
    <TD width="5%" align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>YTD 06</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 style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Capex&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,305.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>Capex&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,233.1&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Depreciation&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>775.4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>Depreciation&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>768.8&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="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Amortization &amp; Other non-cash charges&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>662.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>Amortization &amp; Other non-cash charges&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>708.7&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></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>
  </TR>
</TABLE>
<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></TD>
    <TD width=1%></TD>
    <TD width=7%></TD>
    <TD width=1%></TD>
    <TD width=7%></TD>
    <TD width=1%></TD>
    <TD width=7%></TD>
    <TD width=1%></TD>
    <TD width=7%></TD>
    <TD width=1%></TD>
    <TD width=7%></TD>
    <TD></TD>
    <TD width=7%></TD>
    <TD width=1%></TD>
    <TD width=7%></TD>
    <TD width=1%></TD>
    <TD width=7%></TD>
    <TD width=1%></TD>
    <TD width=7%></TD>
    <TD width=1%></TD>
    <TD width=7%></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>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><b>YTD 07</b>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;<b>YTD 06</b></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD align="center"></TD>
    <TD colspan="9" 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>CSD</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>Water </B><B><SUP>(1)</SUP></B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>Jug Water</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>Other</B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>Total</B>&nbsp;</TD>
    <TD width="4%" align="center">&nbsp;</TD>
    <TD align=center><B>CSD</B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>Water </B><B><SUP>(1)</SUP></B></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>Jug Water</B>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center><B>Other</B>&nbsp;</TD>
    <TD align="center">&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></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></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></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></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></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>
  </TR>
  <TR valign="bottom">
    <TD align=left>Mexico&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>429.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>24.8&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>92.4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5.9&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>552.1&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>423.8&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>22.1&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>85.1&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>4.3&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>535.3&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Central America&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>56.9&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2.9&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3.7&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>63.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>52.7&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2.6&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3.3&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>58.6&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Colombia&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>83.7&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5.3&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5.4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1.2&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>95.6&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>76.6&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5.2&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5.4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.1&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>87.3&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Venezuela&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>90.6&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>4.4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>100.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>73.7&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5.4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>4.1&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>85.2&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Brazil&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>127.3&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>9.9&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2.3&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>139.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>117.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>9.8&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1.2&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>128.0&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Argentina&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>80.6&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.3&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2.6&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>83.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>75.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1.1&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1.1&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>77.7&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Total&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>868.1&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>48.7&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>97.8&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>20.1&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,034.7&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>819.3&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>46.2&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>92.5&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>14.1&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>972.1&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 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 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 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 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 align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
</TABLE>
(1) Excludes water presentations larger than 5.0 Lt
<P><BR>
</P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=51%></TD>
    <TD width=2%></TD>
    <TD width=46%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>July  27, 2007</B></TD>
    <TD><img src="rodape.gif" width="49" height="24"></TD>
    <TD align=right><B>Page 15</B></TD>
  </TR>
</TABLE>
<HR align=left color=#000000 noShade SIZE=2>

<H5 style="PAGE-BREAK-BEFORE: always" align=left></H5><A name=page_16></A>
<div align="right"> <IMG src="logo_kof.gif" width="95" height="64" border=0></div>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
<P align=right>&nbsp;</P>
<P align=center>June 2007<br>
Macroeconomic Information </P>
<P align=center>&nbsp;</P>
<TABLE style="FONT-SIZE: 11px; FONT-FAMILY: 'Times New Roman, Times, Serif'"
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR>
    <TD></TD>
    <TD width="2%"></TD>
    <TD width="10%"></TD>
    <TD width="2%"></TD>
    <TD width="10%"></TD>
    <TD width="2%"></TD>
    <TD width="10%"></TD>
    <TD width="2%"></TD>
    <TD width="10%"></TD>
    <TD width="2%"></TD>
    <TD width="10%"></TD>
    <TD width="2%"></TD>
    <TD width="10%"></TD></TR>
  <TR vAlign=bottom>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="5" align=center>Inflation <SUP>(1)</SUP></TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center colSpan=5>Foreign Exchange Rate (local currency per US
      Dollar) <SUP>(2)</SUP></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>2Q 2007&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>YTD&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>Jun 07&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>Dec 06&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>Jun 06&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR>
  <TR>
    <TD colSpan=13>&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD>Mexico&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3.98%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-0.43%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>0.58%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>10.7926&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>10.8755&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>11.3973&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD>Colombia&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>6.04%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1.33%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4.56%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1960.6100&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,238.7900&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2633.1200&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD>Venezuela&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>19.43%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>4.99%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>7.76%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2150.0000&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,150.0000&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2150.0000&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD>Argentina&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>8.77%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1.61%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3.87%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3.0930&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3.0620&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3.0860&nbsp;</TD></TR>
  <TR vAlign=bottom>
    <TD>Brazil&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3.95%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>0.81%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2.18%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1.9262&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2.1380&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2.1643&nbsp;</TD></TR>
  <TR style="FONT-SIZE: 1px" vAlign=bottom>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD>
    <TD></TD>
    <TD style="BORDER-TOP: #000000 1px solid">&nbsp;</TD></TR></TABLE>
<BR>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

  <TR>
    <TD width="5%" vAlign=top noWrap><SUP>(1)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Source: Mexican inflation is published by <I>Banco de
      M&#233;xico </I>(Mexican Central Bank). </div></TD></TR>

  <TR>
    <TD vAlign=top noWrap><SUP>(2)</SUP>&nbsp; &nbsp; &nbsp; </TD>
    <TD width="95%"><div align="justify">Exchange rates at the end of period are the official
      exchange rates published by Central Banks in each country. </div></TD></TR>
  </TABLE>
<p>&nbsp;</p>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=51%></TD>
    <TD width=2%></TD>
    <TD width=46%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>July  27, 2007</B></TD>
    <TD><img src="rodape.gif" width="49" height="24"></TD>
    <TD align=right><B>Page 16</B></TD>
  </TR>
</TABLE>
<DIV STYLE="page-break-after:always"></DIV>
<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.B. 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: <font color="#000000">July 27 </font>, 2007</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>
</TABLE>
<p>&nbsp;</p>

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<DOCUMENT>
<TYPE>GRAPHIC
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