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<SEC-DOCUMENT>0001292814-09-000967.txt : 20090429
<SEC-HEADER>0001292814-09-000967.hdr.sgml : 20090429
<ACCEPTANCE-DATETIME>20090429090030
ACCESSION NUMBER:		0001292814-09-000967
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20090331
FILED AS OF DATE:		20090429
DATE AS OF CHANGE:		20090429

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:		09777431

	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>kofpr1q09_6k.htm
<DESCRIPTION>2009 FIRST QUARTER RESULTS
<TEXT>
<HTML>
<HEAD>
<TITLE>Provided by MZ Technologies</TITLE>
</HEAD>
<BODY bgColor=#ffffff style="font-family:'Times New Roman', Times, serif; font-size:11px; text-align:justify">

<hr size="2" noshade="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">April</font> 2009</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">
<H5 align="left" style="page-break-before:always"></H5>
<A name="page_1"></A>

<P align="right">
<IMG src="logo_kof.gif" border=0></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:10px">
  <TR>
    <TD width=25%></TD>
    <TD width=2%></TD>
    <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>
  </TR>
  <TR valign="bottom">
    <TD rowspan="40" align=left valign="top" bgcolor="#c80303"><B><font color="#FFFFFF">Stock Listing Information</font></B><font color="#FFFFFF">&nbsp;<br>
      <br>
      Mexican Stock Exchange&nbsp;<br>
      Ticker: KOFL&nbsp;<br>
      <br>
      NYSE (ADR)<br>
      Ticker: KOF&nbsp;<br>
      <br>
      <br>
      Ratio of KOF L to KOF = 10:1</font><br>
      <br>
      <br>
      <br>
      <p align="center"><font color="#FFFFFF"><img src="kofl.gif" width="79" height="74"></font></p>
      <br>
      <br>
      <br>
      <p align="center"><font color="#FFFFFF"><img src="kofnyse.gif" width="79" height="74"></font></p>
      <B><font color="#FFFFFF"><br>
      &nbsp;<br>
      <br>
      &nbsp;For Further Information:</font></B><font color="#FFFFFF">&nbsp;<br>
      <br>
      <B>Investor Relations</B>&nbsp;<br>
      <br>
      Alfredo Fern&aacute;ndez&nbsp;<br>
      <U>alfredo.fernandez@kof.com.mx</U>&nbsp;<br>
      (5255) 5081-5120 / 5121&nbsp;<br>
      <br>
      Gonzalo Garc&iacute;a&nbsp;<br>
      <U>gonzalojose.garciaa@kof.com.mx</U>&nbsp;<br>
      (5255) 5081-5148&nbsp;<br>
      <br>
      Roland Karig&nbsp;<br>
      <U>roland.karig@kof.com.mx</U>&nbsp;<br>
      (5255) 5081-5186&nbsp;<br>
      <br>
      <br>
      Website:&nbsp;<br>
      <U>www.coca-colafemsa.com</U>&nbsp;</font></TD>
    <TD rowspan="40">&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>
    <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>&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 colspan=3 align=left>2009 FIRST-QUARTER RESULTS&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&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>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan=3 align=center> First Quarter&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>2009&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>2008&nbsp;</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 colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Total Revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>22,526&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>17,257&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>30.5%&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Gross Profit&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>10,443&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>8,271&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>26.3%&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Operating Income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3,305&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>2,818&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>17.3%&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Majority Net Income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1,327&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>1,621&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-18.1%&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>EBITDA<SUP>(1)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align=right>4,274&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3,569&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>19.8%&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Net Debt <SUP>(2)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align=right>11,231&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>12,382&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>-9.3%&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&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>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD align="right"></TD>
    <TD align="right">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><SUP>(3) </SUP>EBITDA/ Interest Expense, net&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>9.06&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>9.62&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD align="right"></TD>
    <TD align="right">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><SUP>(3) </SUP>EBITDA/ Interest Expense&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>7.63&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>6.91&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD align="right"></TD>
    <TD align="right">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><SUP>(3) </SUP>Earnings per Share&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>2.87&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>3.95&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD align="right"></TD>
    <TD align="right">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Capitalization<SUP>(4)</SUP></TD>
    <TD>&nbsp;</TD>
    <TD align=right>29.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>26.5%&nbsp;</TD>
    <TD align="right">&nbsp;</TD>
    <TD align=right>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD colspan="7" align=left>Expressed in millions of Mexican pesos.&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD colspan=7><SUP>(1) </SUP>EBITDA = Operating income + Depreciation + Amortization &amp; Other operative Non-cash Charges.</TD>
  </TR>
  <TR valign="bottom">
    <TD colspan="7" align=left>See reconciliation table on page 8 except for Earnings per Share&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD colspan="7" align=left><SUP>(2) </SUP>Net Debt = Total Debt - Cash&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD colspan="7" align=left><SUP>(3) </SUP>LTM figures&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD colspan="7" align=left><SUP>(4) </SUP>Total debt / (long-term debt + stockholders' equity)</TD>
  </TR>
  <TR>
    <TD colspan=7>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD colspan=7 align=left valign="top"><div align="justify"><img src="icone.gif" width="26" height="19"> Total revenues reached Ps. 22,526 million in the first quarter of 2009, an increase of 30.5% compared&nbsp; to the first quarter of 2008; the acquisition of Refrigerantes Minas Gerais (&#147;REMIL&#148;) contributed&nbsp; more than 25% of this growth.&nbsp;<br>
            <img src="icone.gif" width="26" height="19"> Consolidated operating income grew 17.3% to Ps. 3,305 million for the first quarter of 2009, mainly&nbsp; driven by double-digit operating income growth recorded in our Mercosur and Latincentro divisions&nbsp;Our operating margin reached 14.7% for the first quarter of 2009.<br>
            <img src="icone.gif" width="26" height="19"> Consolidated majority net income decreased 18.1% to Ps. 1,327 million in the first quarter of 2009,&nbsp; mainly reflecting the devaluation of the Mexican peso as applied to our U.S. dollar-denominated&nbsp; debt, resulting in earnings per share of Ps. 0.72 in the first quarter of 2009.&nbsp;<br>
            <br>
      Mexico City (April 29, 2009), Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL, NYSE: KOF) (&#147;Coca&nbsp;Cola FEMSA&#148; or the &#147;Company&#148;), the largest Coca-Cola bottler in Latin America and the second-largest&nbsp;Coca-Cola bottler in the world in terms of sales volume, announces results for the first quarter of 2009.&nbsp;<br>
      <br>
      "Our Company achieved healthy top- and bottom-line results for the quarter, growing volumes, revenues&nbsp;and EBITDA by 7, 30 and 20 percent respectively. Among other factors, we benefited from the&nbsp;consolidation of our REMIL franchise territory in Brazil, the continued successful rollout of the Jugos&nbsp;del Valle line of juice-based beverages in Mexico, Colombia and Central America, and organic growth.&nbsp;We have the flexibility to adapt our business through initiatives that sustain our cash flow and meet our&nbsp;strategic objectives. Importantly, our company is in a very strong financial position as exemplified by the&nbsp;dividends of more than 1.3 billion Mexican pesos that we paid our shareholders in the month of April."&nbsp;said Carlos Salazar Lomelin, Chief Executive Officer of the Company.&nbsp;</div></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=40%></TD>
    <TD></TD>
    <TD width=40%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom"><B>April 29, 2009</B>&nbsp;</TD>
    <TD valign="bottom"><div align="center"><img src="rodape.gif" alt="1" width="49" height="24"></div></TD>
    <TD align=right valign="bottom"><B>Page 1</B>&nbsp;</TD>
  </TR>
</TABLE>
<BR>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_2"></A>

<P align="right">
<IMG src="logo_kof.gif" border=0></P>
<P>
<B>CONSOLIDATED RESULTS </B></P>
<P>
Our consolidated total revenues increased 30.5% to Ps. 22,526 million in the first quarter of 2009, compared to the first quarter of 2008, as a result of increases in all of our divisions. Revenue growth was driven by (i) organic growth, mainly due
to pricing, accounting for approximately 40% of incremental revenues, (ii) the consolidation of Refrigerantes Minas Gerais, Ltda. (&#147;REMIL&#148;) in Brazil, contributing more than 25% of incremental revenues for the quarter and (iii) a positive
exchange rate translation effect providing the balance. Excluding the positive translation effect and the acquisition of REMIL, our consolidated total revenues would have increased approximately 12%.<I> </I></P>
<P>
Total sales volume increased 7.1% to 554.2 million unit cases in the first quarter of 2009 as compared to the same period of 2008; excluding REMIL, total sales volume increased 1.7% mainly driven by incremental volumes from our bottled water
business and still beverages. Still beverages sales volume grew close to 120%, mainly driven by volumes from the <I>Jugos del Valle</I> brand in our Mexico and Latincentro divisions, accounting for the majority of incremental volumes in this
category. Bottled water, including bulk water, grew more than 8%, mainly driven by the consolidation of the Agua de Los Angeles business in Mexico.<I> </I></P>
<P>
Our gross profit increased 26.3% to Ps. 10,443 million in the first quarter of 2009, compared to the first quarter of 2008. Cost of goods sold increased 34.5% mainly driven by (i) higher year-over-year sweetener costs, (ii) the devaluation of the
local currencies in our main operations as applied to our U.S. dollar-denominated raw material cost and (iii) the integration of REMIL; which were partially offset by lower cost of resin. Gross margin reached 46.4% in the first quarter of 2009 as
compared to 47.9% in the same period of 2008.<I> </I></P>
<P>
Our consolidated operating income increased 17.3% to Ps. 3,305 million in the first quarter of 2009, mainly driven by double-digit operating income growth in our Latincentro and Mercosur divisions. Our operating margin was 14.7% in the first quarter
of 2009, a decrease of 160 basis points. Revenue growth compensated higher operating expenses and cost of goods sold.<I> </I></P>
<P>
During the first quarter of 2009, we recorded Ps. 330 million in the other expenses line. These expenses were mainly driven by the loss on sale of some fixed assets and employee profit sharing recorded in the other expenses line, in accordance with
the Mexican Financial Reporting Standards.<I> </I></P>
<P>
Our integral result of financing in the first quarter of 2009 recorded an expense of Ps. 938 million as compared to Ps. 222 million in the same period of 2008, mainly due to a higher foreign exchange expense driven by the devaluation of the Mexican
peso as applied to our U.S. dollar-denominated net debt. </P>
<P>
During the first quarter of 2009, income tax, as a percentage of income before taxes, was 30.7% .</P>
<P>
Our consolidated majority net income decreased by 18.1% to Ps. 1,327 million in the first quarter of 2009 as compared to the first quarter of 2008, mainly reflecting the devaluation of the Mexican peso as applied to our U.S. dollar-denominated net
debt. Earnings per share (EPS) were Ps. 0.72 (Ps. 7.19 per ADR) computed on the basis of 1,846.5 million shares outstanding (each ADR represents 10 local shares)<B>.</B><I> </I></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=40%></TD>
    <TD></TD>
    <TD width=40%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom"><B>April 29, 2009</B>&nbsp;</TD>
    <TD valign="bottom"><div align="center"><img src="rodape.gif" alt="1" width="49" height="24"></div></TD>
    <TD align=right valign="bottom"><B>Page 2</B> </TD>
  </TR>
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<P align="right">
<IMG src="logo_kof.gif" border=0></P>
<P>
<B>BALANCE SHEET</B><I> </I></P>
<P>
As of March 31, 2009, Coca-Cola FEMSA had a cash balance of Ps. 9,760 million including US$ 449 million in US dollar currency, an increase of Ps. 3,568 million compared to December 31, 2008, net of the US$ 46 million paid for our share of the joint
acquisition of the Brisa bottled water business in Colombia.</P>
<P>
Total short-term debt was Ps. 8,206 million and long-term debt was Ps. 12,785 million. Total debt increased Ps. 2,417 million compared with year end 2008 mainly due to the issuance of Ps. 2,000 million in 1.1 year &#147;Certificados
Burs&aacute;tiles&#148; in January 2009, priced at a yield of 28-day TIIE plus 80 basis points. Net debt decreased approximately Ps. 1,151 million compared to year end 2008, mainly as a result of cash generated during the quarter. KOF&#146;s total
debt balance includes U.S. dollar-denominated debt in the amount of US$ 652 million <SUP>(1)</SUP>. </P>
<P>
The weighted average cost of debt for the quarter was 7.4% . The following charts set forth the Company&#146;s debt profile by currency and interest rate type and by maturity date as of March 31, 2009: <B> </B></P>
<TABLE border=0 width=60% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=25%></TD>
	<TD width=25%></TD>
	</TR>
<TR valign="bottom" style="font-size: 1px">
  <TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left><B>Currency</B>&nbsp;</TD>
	<TD align=center><B>% Total Debt</B><B><SUP>(1)</SUP></B></TD>
	<TD align=center><B>% Interest</B>&nbsp;<B>Rate</B>&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align=center><B>Floating</B><B><SUP>(1)(2)</SUP></B></TD>
	</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>Mexican pesos&nbsp;</TD>
	<TD align=right>43.0%&nbsp;</TD>
	<TD align=right>55.9%&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>U.S. dollars&nbsp;</TD>
	<TD align=right>43.4%&nbsp;</TD>
	<TD align=right>39.6%&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>Colombian pesos&nbsp;</TD>
	<TD align=right>8.4%&nbsp;</TD>
	<TD align=right>100.0%&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>Venezuelan bolivars&nbsp;</TD>
	<TD align=right>0.9%&nbsp;</TD>
	<TD align=right>0.0%&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>Argentine pesos&nbsp;</TD>
	<TD align=right>4.4%&nbsp;</TD>
	<TD align=right>55.6%&nbsp;</TD>
	</TR>
<TR valign="bottom" style="font-size: 1px">
  <TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P>
(1) After giving effect to cross-currency swaps and interest rate swaps. <br>
(2) Calculated by weighting each year&#146;s outstanding debt balance mix. </P>
<P>
<B>Debt Maturity Profile </B></P>
<TABLE border=0 width=60% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=40%></TD>
	<TD width=8%></TD>
	<TD width=8%></TD>
	<TD width=8%></TD>
	<TD width=8%></TD>
	<TD width=8%></TD>
	<TD width=8%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left><B><I>Maturity Date</I></B>&nbsp;</TD>
	<TD align=center><B><I>2009</I></B>&nbsp;</TD>
	<TD align=center><B><I>2010</I></B>&nbsp;</TD>
	<TD align=center><B><I>2011</I></B>&nbsp;</TD>
	<TD align=center><B><I>2012</I></B>&nbsp;</TD>
	<TD align=center><B><I>2013</I></B>&nbsp;</TD>
	<TD align=center><B><I>2014 +</I></B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left><B>% of Total Debt</B>&nbsp;</TD>
	<TD align=center><B>29.5%</B>&nbsp;</TD>
	<TD align=center><B>19.2%</B>&nbsp;</TD>
	<TD align=center><B>0.3%</B>&nbsp;</TD>
	<TD align=center><B>19.1%</B>&nbsp;</TD>
	<TD align=center><B>11.9%</B>&nbsp;</TD>
	<TD align=center><B>20.1%</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P>
The US$ 449 million in dollar currency included in our cash balance are sufficient to meet the maturities of approximately US$ 400 million coming due in July of 2009.<B> </B></P>
<P>
<B>Consolidated Cash Flow</B></P>
<TABLE border=0 width=60% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=25%></TD></TR>
<TR valign="bottom">
	<TD colspan="2" align=left>Expressed in million of Mexican pesos (PS.) as of March 31, 2009&nbsp;</TD>
	</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD align=center><B><I>Mar-09</I></B>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD align=right><B><I>Ps.</I></B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>Income before taxes&nbsp;</TD>
	<TD align=right>2,037&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Non cash charges&nbsp;</TD>
	<TD align=right>2,055&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD align=right><B>4,093</B>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Change in working capital&nbsp;</TD>
	<TD align=right>16&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left><B>Resources Generated by Operating Activities</B>&nbsp;</TD>
	<TD align=right>4,109&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>Investments&nbsp;</TD>
	<TD align=right>(1,316)</TD></TR>
<TR valign="bottom">
	<TD align=left>Debt&nbsp;</TD>
	<TD align=right>2,165&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Other&nbsp;</TD>
	<TD align=right>(915)</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left><B>Increase in cash and cash equivalents</B>&nbsp;</TD>
	<TD align=right><B>4,044</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>Cash and cash equivalents at begining of period&nbsp;</TD>
	<TD align=right>6,192&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Translation Effect&nbsp;</TD>
	<TD align=right>(476)</TD></TR>
<TR valign="bottom">
	<TD align=left>Cash and cash equivalents at end of period&nbsp;</TD>
	<TD align=right>9,760&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
</TABLE>
<BR>
<P>
The difference between the debt increase of the balance sheet and the debt increase in nominal terms presented in the cash flow is related to the foreign exchange impact, presented separately as translation effect, in accordance with the Mexican
Financial Reporting Standards.<B><I> </I></B></P>
<P align="right">&nbsp;</P>

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    <TD width=40%></TD>
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    <TD align=left valign="bottom"><B>April 29, 2009</B>&nbsp;</TD>
    <TD valign="bottom"><div align="center"><img src="rodape.gif" alt="1" width="49" height="24"></div></TD>
    <TD align=right valign="bottom"><B>Page 3</B></TD>
  </TR>
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<br>
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<P align="right">
<IMG src="logo_kof.gif" border=0></P>
<P>
<B>MEXICO DIVISION OPERATING RESULTS </B></P>
<P>
<B><I>Revenues</I></B> </P>
<P>
Total revenues from our Mexico division increased 4.8% to Ps. 8,141 million in the first quarter of 2009, as compared to the same period of the previous year. Incremental volumes accounted for close to 70% of incremental revenues during the quarter.
Average price per unit case reached Ps. 29.78, an increase of 1.6%, as compared to the first quarter of 2008, reflecting higher average prices per unit case from our growing still beverage portfolio that were partially offset by lower average prices
per unit case in flavored sparkling beverages. Excluding bulk water under the brands <I>Ciel </I>and<I> Agua de Los Angeles</I>, our average price per unit case was Ps. 35.13, a 2.6% increase as compared to the same period of 2008. </P>
<P>
Total sales volume increased 3.2% to 272.4 million unit cases in the first quarter of 2009, as compared to the first quarter of 2008, resulting from incremental volumes in the still beverage category, increasing almost threefold, driven by the Jugos
del Valle product line and more than 11% volume growth in our bottled water business which more than compensated for a sales volume decline of 3.6% in sparkling beverages. This decline was mainly driven by lower flavored sparkling beverages sales.
</P>
<P>
<B><I>Operating Income </I></B></P>
<P>
Our gross profit increased 3.0% to Ps. 4,077 million in the first quarter of 2009 as compared to the same period of 2008. Cost of goods sold increased 6.6% as a result of the devaluation of the Mexican peso as applied to our U.S. dollar-denominated
raw material cost and the third and final stage of the scheduled Coca-Cola Company concentrate price increase announced in 2006, which was partially offset by lower year-over-year cost of resin. Gross margin decreased from 51.0% in the first quarter
of 2008 to 50.1% in the same period of 2009. </P>
<P>
Operating income increased 0.8% to Ps. 1,334 million in the first quarter of 2009, compared to Ps. 1,323 million in the same period of 2008, as a result of revenue growth, that compensated for higher cost of goods sold and higher selling expenses
due to the integration of the specialized sales force of Jugos del Valle, and the integration of the Agua De Los Angeles and Ciel jug water businesses in the Valley of Mexico. Our operating margin was 16.4% in the first quarter of 2009, a decrease
of 60 basis points as compared to the same period of 2008. </P>
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  <TR>
    <TD width=40%></TD>
    <TD></TD>
    <TD width=40%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom"><B>April 29, 2009</B>&nbsp;</TD>
    <TD valign="bottom"><div align="center"><img src="rodape.gif" alt="1" width="49" height="24"></div></TD>
    <TD align=right valign="bottom"><B>Page 4</B> </TD>
  </TR>
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<P align="right">
<IMG src="logo_kof.gif" border=0></P>
<P>
<B>LATINCENTRO DIVISION OPERATING RESULTS (Colombia, Venezuela, Guatemala, Nicaragua, Costa Rica and Panama)</B> </P>
<P>
<B><I>Revenues</I></B><I> </I></P>
<P>
Total revenues reached Ps. 8,049 million in the first quarter of 2009, an increase of 50.4% as compared to the same period of 2008. Higher average price per unit case and volume growth accounted for more than 40% of incremental revenues and a
positive currency translation effect represented the balance. Excluding this positive currency translation effect, our Latincentro division&#146;s revenues would have increased aproximately 21%. </P>
<P>
Total sales volume in our Latincentro division increased 1.9% to 132.7 million unit cases in the first quarter of 2009 as compared to the same period of 2008. Volume growth was mainly driven by increases in sparkling beverages in Venezuela and still
beverages in Colombia, due to the strong performance of the Jugos del Valle line of business, which compensated for a volume decline in Central America. </P>
<P>
<B><I>Operating Income </I></B></P>
<P>
Gross profit reached Ps. 3,672 million, an increase of 50.2% in the first quarter of 2009, as compared to the same period of 2008. Cost of goods sold increased 50.6% mainly driven by higher sweetener costs across the division and the depreciation of
the Colombian peso as applied to our U.S. dollar-denominated packaging costs. Gross margin decreased 10 basis points to 45.6% in the first quarter of 2009. </P>
<P>
Our operating income increased 32.0% to Ps. 1,044 million in the first quarter of 2009, compared to the first quarter of 2008, as a result of operating leverage achieved by higher revenues that more than compensated for higher labor costs in
Venezuela. Our operating margin reached 13.0% in the first quarter of 2009, resulting in a 180 basis points decline as compared to the same period of 2008. </P>
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    <TD></TD>
    <TD width=40%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom"><B>April 29, 2009</B>&nbsp;</TD>
    <TD valign="bottom"><div align="center"><img src="rodape.gif" alt="1" width="49" height="24"></div></TD>
    <TD align=right valign="bottom"><B>Page 5</B> </TD>
  </TR>
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<P align="right">
<IMG src="logo_kof.gif" border=0></P>
<P>
<B>MERCOSUR DIVISION OPERATING RESULTS (Brazil and Argentina) </B></P>
<P>
<I>As of June 2008, Coca-Cola FEMSA includes the REMIL operation in its Mercosur division. Volume and average price per unit case exclude beer results. </I></P>
<P>
<B><I>Revenues</I></B></P>
<P>
Net revenues increased 53.1% to Ps. 6,230 million in the first quarter of 2009, as compared to the same period of 2008. Excluding beer, which accounted for Ps. 608 million during the quarter, net revenues increased 50.1% to Ps. 5,622 million,
compared to the same period of 2008. The acquisition of REMIL accounted for more than 60% of this growth, higher average prices per unit case accounted for almost 30% of incremental net revenues and a positive translation effect represented the
balance. Excluding this positive currency translation effect, our Mercosur division&#146;s net revenues would have increased approximately 48%. </P>
<P>
Sales volume, excluding beer, increased 20.7% to 149.1 million unit cases in the first quarter of 2009, as compared to the first quarter of 2008, driven by the acquisition of REMIL. Sales volume, excluding REMIL and beer, decreased 1.5% to reach
121.6 million unit cases as a result of volume declines in Argentina. </P>
<P>
<B><I>Operating Income </I></B></P>
<P>
In the first quarter of 2009, our gross profit increased 44.2% to Ps. 2,694 million, as compared to the same period of the previous year. Cost of goods sold increased 60.6% driven by (i) the integration of REMIL in Brazil, (ii) the devaluation of
the local currencies as applied to our U.S. dollar-denominated raw material cost and (iii) higher sweetener cost in the division, as compared to the same period of last year. Our Mercosur division gross margin decreased 270 basis points to 42.5% in
the first quarter of 2009. </P>
<P>
Operating income increased 31.7%, reaching Ps. 927 million in the first quarter of 2009, as compared to Ps. 704 million in the same period of 2008. Operating leverage achieved by higher revenues more than compensated for higher labor and freight
costs in Argentina. Our operating margin was 14.6% in the first quarter of 2009, a decrease of 240 basis points as compared to the first quarter of 2008. </P>
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    <TD></TD>
    <TD width=40%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom"><B>April 29, 2009</B>&nbsp;</TD>
    <TD valign="bottom"><div align="center"><img src="rodape.gif" alt="1" width="49" height="24"></div></TD>
    <TD align=right valign="bottom"><B>Page 6</B> </TD>
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<P align="right">
<IMG src="logo_kof.gif" border=0></P>
<P>
<B>RECENT DEVELOPEMENTS </B></P>
<UL>
<LI>
On February 27, 2009 Coca-Cola FEMSA announced that it had successfully closed the transaction with Bavaria, a subsidiary of SABMiller, to jointly acquire with The Coca-Cola Company, the Brisa bottled water business (including the Brisa brand and
production assets). This transaction will enable us to increase our presence in the water business and complement our portfolio. Brisa sold 47 million unit cases in 2008 in Colombia. The purchase price of US$92 million was shared equally by
Coca-Cola FEMSA and The Coca-Cola Company. The parties have also agreed a transition arrangement after closing, during which Bavaria will still be producing, selling and distributing Brisa.<br>
<br>
</LI>
<LI>
On March 23, 2009 &#150; Coca-Cola FEMSA held its Annual Ordinary General Shareholders Meeting during which its shareholders approved the Company&#146;s consolidated financial statements for the year ended December 31, 2008, the declaration of
dividends corresponding to fiscal year 2008 and the composition of the Board of Directors and Committees for 2009. Shareholders approved the payment of a cash dividend in the amount of Ps. 1,343.9 million. The dividend was paid on April 13, 2009, in
the amount of Ps. 0.7278 per each ordinary share, equivalent to Ps. 7.278 per ADR. In addition, shareholders approved an amount of Ps. 400 million, the maximum amount allowed under Mexican law, which is available to the Company for share repurchases
in the future, should it decide to use these funds.</LI>
</UL>
<P>
<B>CONFERENCE CALL INFORMATION </B></P>
<P>
Our first-quarter 2009 Conference Call will be held on: April 29, 2009, 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 or 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 May 6, 2009. To listen to the replay, please dial: Domestic U.S.: 888-286-8010 or International: 617-801-6888. Pass code: 48063967. </P>
<P align="center">
<IMG src="bolinhas.gif" border=0></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&atilde;o Paulo, Campi&ntilde;as, Santos, the state of
Mato Grosso do Sul, part of the state of Goias and Minas Gerais) and Argentina (federal capital of Buenos Aires and surrounding areas), along with bottled water, beer and other beverages in some of these territories. The Company has 30 bottling
facilities in Latin America and serves 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" border=0></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 rate for pesos as of March 31, 2009, referred to in page 13 of this document, which exchange rate was Ps. 14.3317 to US$
1.00. </P>
<P align="center">
<IMG src="bolinhas.gif" border=0></P>
<P align="center">
(6 pages of tables to follow) </P>
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    <TD align=left valign="bottom"><B>April 29, 2009</B>&nbsp;</TD>
    <TD valign="bottom"><div align="center"><img src="rodape.gif" alt="1" width="49" height="24"></div></TD>
    <TD align=right valign="bottom"><B>Page 7</B> </TD>
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<IMG src="logo_kof.gif" border=0></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:10px">
<TR>
	<TD></TD>
	<TD width=1%></TD>
	<TD width=12%></TD>
	<TD width=12%></TD>
	<TD width=1%></TD>
	<TD width=12%></TD>
	<TD width=12%></TD>
	<TD width=1%></TD>
	<TD width=12%></TD></TR>

<TR valign="bottom">
	<TD colspan="9" align=left><B>Consolidated Income Statement</B>&nbsp;<br>
    Expressed in millions of Mexican pesos<SUP>(1)</SUP></TD>
	</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center><B>1Q 09</B>&nbsp;</TD>
	<TD align=center><B>% Rev</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center><B>1Q 08</B>&nbsp;</TD>
	<TD align=center><B>% Rev</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center><B> </B><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 align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Volume (million unit cases) <SUP>(2)</SUP></TD>
	<TD>&nbsp;</TD>
	<TD align=right>554.2&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>517.7&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7.1%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Average price per unit case <SUP>(2)</SUP></TD>
	<TD>&nbsp;</TD>
	<TD align=right>39.29&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>32.51&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>20.9%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Net revenues&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>22,386&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>17,153&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>30.5%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Other operating revenues&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>140&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>104&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>34.6%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Total revenues&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>22,526&nbsp;</TD>
	<TD align=right>100%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>17,257&nbsp;</TD>
	<TD align=right>100%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>30.5%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Cost of goods sold&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>12,083&nbsp;</TD>
	<TD align=right>53.6%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,986&nbsp;</TD>
	<TD align=right>52.1%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>34.5%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Gross profit&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>10,443&nbsp;</TD>
	<TD align=right>46.4%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,271&nbsp;</TD>
	<TD align=right>47.9%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>26.3%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Operating expenses&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7,138&nbsp;</TD>
	<TD align=right>31.7%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,453&nbsp;</TD>
	<TD align=right>31.6%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>30.9%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Operating income&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,305&nbsp;</TD>
	<TD align=right>14.7%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,818&nbsp;</TD>
	<TD align=right>16.3%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>17.3%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Other expenses, net&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>330&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>186&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>77.4%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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> &nbsp; &nbsp; &nbsp;Interest expense&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>637&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>508&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>25.4%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp;Interest income&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>71&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>135&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-47.4%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp;Interest expense, net&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>566&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>373&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>51.7%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp;Foreign exchange loss (gain)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>367&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(48)</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-864.6%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp;(Gain) on monetary position in Inflationary subsidiries&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(86)</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(111)</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-22.5%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp;Fair value loss on derivative instruments&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>91&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1037.5%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Integral result of financing&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>938&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>222&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>322.5%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Income before taxes&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,037&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,410&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-15.5%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Taxes&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>626&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>749&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-16.4%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Consolidated net income&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,411&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,661&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-15.1%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Majority net income&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,327&nbsp;</TD>
	<TD align=right>5.9%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,621&nbsp;</TD>
	<TD align=right>9.4%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-18.1%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Minority net income&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>84&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>40&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>110.0%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Operating income&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,305&nbsp;</TD>
	<TD align=right>14.7%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,818&nbsp;</TD>
	<TD align=right>16.3%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>17.3%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Depreciation&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>708&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>561&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>26.2%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Amortization and other operative non-cash charges <SUP>(3)</SUP></TD>
	<TD>&nbsp;</TD>
	<TD align=right>261&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>190&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>37.4%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>EBITDA <SUP>(4)</SUP></TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,274&nbsp;</TD>
	<TD align=right>19.0%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,569&nbsp;</TD>
	<TD align=right>20.7%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>19.8%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>
<BR>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width="3%" valign=top>
<SUP>(1)</SUP>&nbsp;</TD>
	<TD>
      <div align="justify">Except volume and average price per unit case figures.	</div></TD>
</TR>
<TR>
	<TD width="3%" valign=top>
<SUP>(2)</SUP>&nbsp;</TD>
	<TD>
      <div align="justify">Sales volume and average price per unit case exclude beer results	</div></TD>
</TR>
<TR>
	<TD width="3%" valign=top>
<SUP>(3)</SUP>&nbsp;</TD>
	<TD>
      <div align="justify">Includes returnable bottle breakage expense.	</div></TD>
</TR>
<TR>
  <TD valign=top><SUP>(4)</SUP>&nbsp;</TD>
  <TD><div align="justify">EBITDA = Operating Income + depreciation, amortization &amp; other operative non-cash charges. </div></TD>
</TR>
<TR>
	<TD width="3%" valign=top>&nbsp;</TD>
	<TD>
      <div align="justify">Since June 2008, we integrated Minas Gerais (REMIL) in Brazil. </div></TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&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=40%></TD>
    <TD></TD>
    <TD width=40%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom"><B>April 29, 2009</B>&nbsp;</TD>
    <TD valign="bottom"><div align="center"><img src="rodape.gif" alt="1" width="49" height="24"></div></TD>
    <TD align=right valign="bottom"><B>Page 8</B> </TD>
  </TR>
</TABLE>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_9"></A>

<P align="right">
<IMG src="logo_kof.gif" border=0></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=5%></TD>
	<TD width=15%></TD>
	<TD width=5%></TD>
	<TD width=15%></TD></TR>
<TR valign="bottom">
	<TD align=left><B>Consolidated Balance Sheet</B>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Expressed in millions of Mexican pesos.&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>

<TR valign="bottom">
	<TD align=left><B>Assets</B>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=center><B>Mar 09</B>&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align=center><B>Dec 08</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left><B>Current Assets</B>&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Cash and cash equivalents&nbsp;</TD>
	<TD align=right>Ps.&nbsp;</TD>
	<TD align=right>9,760&nbsp;</TD>
	<TD align=right>Ps.&nbsp;</TD>
	<TD align=right>6,192&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Total accounts receivable&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>3,962&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>5,240&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Inventories&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>4,732&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>4,313&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Prepaid expenses and other&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>2,470&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>2,246&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>Total current assets&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>20,924&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>17,991&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left><B>Property, plant and equipment</B>&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Bottles and cases&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>1,531&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>1,622&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Property, plant and equipment&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>52,869&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>50,926&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Accumulated depreciation&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>(25,589)</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>(24,388)</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>Total property, plant and equipment, net&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>28,811&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>28,160&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>Investment in shares&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>1,949&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>1,797&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Deferred charges, net&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>1,232&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>1,246&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Intangibles assets and other assets&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>49,550&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>48,764&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left><B>Total Assets</B>&nbsp;</TD>
	<TD align=right><B>Ps.</B>&nbsp;</TD>
	<TD align=right><B>102,466</B>&nbsp;</TD>
	<TD align=right><B>Ps.</B>&nbsp;</TD>
	<TD align=right><B>97,958</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR>
	<TD colspan=5>&nbsp;</TD></TR>
<TR>
	<TD colspan=5>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left><B>Liabilities and Stockholders' Equity</B>&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=center><B>Mar 09</B>&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=center><B>Dec 08</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left><B>Current Liabilities</B>&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Short-term bank loans and notes&nbsp;</TD>
	<TD align=right>Ps.&nbsp;</TD>
	<TD align=right>8,206&nbsp;</TD>
	<TD align=right>Ps.&nbsp;</TD>
	<TD align=right>6,119&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Interest payable&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>204&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>267&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Suppliers&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>7,222&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>7,790&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Other current liabilities&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>8,287&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>7,157&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>Total Current Liabilities&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>23,919&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>21,333&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>Long-term bank loans&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>12,785&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>12,455&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Pension plan and seniority premium&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>984&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>936&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Other liabilities&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>6,330&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>5,618&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>Total Liabilities&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>44,018&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>40,342&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left><B>Stockholders' Equity</B>&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Minority interest&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>1,831&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>1,703&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Majority interest:&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp;Capital stock&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>3,116&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>3,116&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp;Additional paid in capital&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>13,220&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>13,220&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp;Retained earnings of prior years&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>38,186&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>33,935&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp;Net income&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>1,327&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>5,598&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp;Accumulated other comprehensive income&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>768&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>44&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>Total majority interest&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>56,617&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>55,913&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>Total stockholders' equity&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>58,448&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>57,616&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left><B>Total Liabilities and Equity</B>&nbsp;</TD>
	<TD align=right><B>Ps.</B>&nbsp;</TD>
	<TD align=right><B>102,466</B>&nbsp;</TD>
	<TD align=right><B>Ps.</B>&nbsp;</TD>
	<TD align=right><B>97,958</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
</TABLE>
<BR>
<br>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=40%></TD>
    <TD></TD>
    <TD width=40%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom"><B>April 29, 2009</B>&nbsp;</TD>
    <TD valign="bottom"><div align="center"><img src="rodape.gif" alt="1" width="49" height="24"></div></TD>
    <TD align=right valign="bottom"><B>Page 9</B> </TD>
  </TR>
</TABLE>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_10"></A>

<P align="right">
<IMG src="logo_kof.gif" border=0></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=12%></TD>
	<TD width=12%></TD>
	<TD width=1%></TD>
	<TD width=12%></TD>
	<TD width=12%></TD>
	<TD width=1%></TD>
	<TD width=12%></TD></TR>

<TR valign="bottom">
	<TD colspan="9" align=left><B>Mexico Division</B>&nbsp;<br>
    Expressed in millions of Mexican pesos<SUP>(1)</SUP></TD>
	</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center><B>1Q 09</B>&nbsp;</TD>
	<TD align=center><B>% Rev</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center><B>1Q 08</B>&nbsp;</TD>
	<TD align=center><B>% Rev</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center><B> </B><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 align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Volume (million unit cases)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>272.4&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>264.0&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3.2%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Average price per unit case&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>29.78&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>29.31&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1.6%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Net revenues&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,110&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7,737&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4.8%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Other operating revenues&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>31&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>33&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-6.1%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Total revenues&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,141&nbsp;</TD>
	<TD align=right>100.0%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7,770&nbsp;</TD>
	<TD align=right>100.0%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4.8%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Cost of goods sold&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,064&nbsp;</TD>
	<TD align=right>49.9%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,811&nbsp;</TD>
	<TD align=right>49.0%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>6.6%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Gross profit&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,077&nbsp;</TD>
	<TD align=right>50.1%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,959&nbsp;</TD>
	<TD align=right>51.0%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3.0%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Operating expenses&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,743&nbsp;</TD>
	<TD align=right>33.7%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,636&nbsp;</TD>
	<TD align=right>33.9%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4.1%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Operating income&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,334&nbsp;</TD>
	<TD align=right>16.4%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,323&nbsp;</TD>
	<TD align=right>17.0%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.8%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Depreciation, amortization &amp; other operative non-cash charges <SUP>(2)</SUP></TD>
	<TD>&nbsp;</TD>
	<TD align=right>432&nbsp;</TD>
	<TD align=right>5.3%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>432&nbsp;</TD>
	<TD align=right>5.6%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.0%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>EBITDA <SUP>(3)</SUP></TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,766&nbsp;</TD>
	<TD align=right>21.7%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,755&nbsp;</TD>
	<TD align=right>22.6%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.6%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>
<BR>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width="3%" valign=top>
<SUP>(1)</SUP>&nbsp;</TD>
	<TD>
      <div align="justify">Except volume and average price per unit case figures.	</div></TD>
</TR>
<TR>
	<TD width="3%" valign=top>
<SUP>(2)</SUP>&nbsp;</TD>
	<TD>
      <div align="justify">Includes returnable bottle breakage expense.	</div></TD>
</TR>
<TR>
	<TD width="3%" valign=top>
<SUP>(3)</SUP>&nbsp;</TD>
	<TD>
      <div align="justify">EBITDA = Operating Income + Depreciation, amortization &amp; other operative non-cash charges. </div></TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&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></TD>
	<TD width=1%></TD>
	<TD width=12%></TD>
	<TD width=12%></TD>
	<TD width=1%></TD>
	<TD width=12%></TD>
	<TD width=12%></TD>
	<TD width=1%></TD>
	<TD width=12%></TD></TR>

<TR valign="bottom">
	<TD colspan="9" align=left><B>Latincentro Division</B>&nbsp;<br>
    Expressed in millions of Mexican pesos<SUP>(1)</SUP></TD>
	</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center><B>1Q 09</B>&nbsp;</TD>
	<TD align=center><B>% Rev</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center><B>1Q 08</B>&nbsp;</TD>
	<TD align=center><B>% Rev</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center><B> </B><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 align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Volume (million unit cases)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>132.7&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>130.2&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1.9%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Average price per unit case&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>60.63&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>41.05&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>47.7%&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>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Net revenues&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,046&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,346&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>50.5%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Other operating revenues&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-40.0%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Total revenues&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,049&nbsp;</TD>
	<TD align=right>100.0%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,351&nbsp;</TD>
	<TD align=right>100.0%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>50.4%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Cost of goods sold&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,377&nbsp;</TD>
	<TD align=right>54.4%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,907&nbsp;</TD>
	<TD align=right>54.3%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>50.6%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Gross profit&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,672&nbsp;</TD>
	<TD align=right>45.6%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,444&nbsp;</TD>
	<TD align=right>45.7%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>50.2%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Operating expenses&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,628&nbsp;</TD>
	<TD align=right>32.7%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,653&nbsp;</TD>
	<TD align=right>30.9%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>59.0%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Operating income&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,044&nbsp;</TD>
	<TD align=right>13.0%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>791&nbsp;</TD>
	<TD align=right>14.8%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>32.0%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Depreciation, amortization &amp; other operative non-cash charges <SUP>(2)</SUP></TD>
	<TD>&nbsp;</TD>
	<TD align=right>327&nbsp;</TD>
	<TD align=right>4.1%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>190&nbsp;</TD>
	<TD align=right>3.6%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>72.1%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>EBITDA <SUP>(3)</SUP></TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,371&nbsp;</TD>
	<TD align=right>17.0%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>981&nbsp;</TD>
	<TD align=right>18.3%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>39.8%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>
<BR>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width="3%" valign=top><SUP>(1)</SUP>&nbsp;</TD>
    <TD><div align="justify"> Except volume and average price per unit case figures. </div></TD>
  </TR>
  <TR>
    <TD width="3%" valign=top><SUP>(2)</SUP>&nbsp;</TD>
    <TD><div align="justify"> Includes returnable bottle breakage expense. </div></TD>
  </TR>
  <TR>
    <TD width="3%" valign=top><SUP>(3)</SUP>&nbsp;</TD>
    <TD><div align="justify"> EBITDA = Operating Income + Depreciation, amortization &amp; other operative non-cash charges. </div></TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="2" align="center" style="border-top: 1px solid #000000;">&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=40%></TD>
    <TD></TD>
    <TD width=40%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom"><B>April 29, 2009</B>&nbsp;</TD>
    <TD valign="bottom"><div align="center"><img src="rodape.gif" alt="1" width="49" height="24"></div></TD>
    <TD align=right valign="bottom"><B>Page 10</B> </TD>
  </TR>
</TABLE>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_11"></A>

<P align="right">
<IMG src="logo_kof.gif" border=0></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=40%></TD>
	<TD width=2%></TD>
	<TD width=10%></TD>
	<TD width=10%></TD>
	<TD width=2%></TD>
	<TD width=10%></TD>
	<TD width=10%></TD>
	<TD width=2%></TD>
	<TD width=10%></TD></TR>

<TR valign="bottom">
	<TD colspan="9" align=left><B>Mercosur Division</B>&nbsp;<br>
Expressed in millions of Mexican pesos<SUP>(1)</SUP><br>
Financial figures include beer results&nbsp;</TD>
	</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center><B>1Q 09</B>&nbsp;</TD>
	<TD align=center><B>% Rev</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center><B>1Q 08</B>&nbsp;</TD>
	<TD align=center><B>% Rev</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center><B> </B><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 align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Volume (million unit cases) <SUP>(2)</SUP></TD>
	<TD>&nbsp;</TD>
	<TD align=right>149.1&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>123.5&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>20.7%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Average price per unit case <SUP>(2)</SUP></TD>
	<TD>&nbsp;</TD>
	<TD align=right>37.71&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>30.33&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>24.3%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Net revenues&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>6,230&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,070&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>53.1%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Other operating revenues&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>106&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>66&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>60.6%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Total revenues&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>6,336&nbsp;</TD>
	<TD align=right>100.0%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,136&nbsp;</TD>
	<TD align=right>100.0%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>53.2%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Cost of goods sold&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,642&nbsp;</TD>
	<TD align=right>57.5%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,268&nbsp;</TD>
	<TD align=right>54.8%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>60.6%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Gross profit&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,694&nbsp;</TD>
	<TD align=right>42.5%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,868&nbsp;</TD>
	<TD align=right>45.2%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>44.2%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Operating expenses&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,767&nbsp;</TD>
	<TD align=right>27.9%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,164&nbsp;</TD>
	<TD align=right>28.1%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>51.8%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>Operating income&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>927&nbsp;</TD>
	<TD align=right>14.6%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>704&nbsp;</TD>
	<TD align=right>17.0%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>31.7%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Depreciation, Amortization &amp; Other operative non-cash charges <SUP>(3)</SUP></TD>
	<TD>&nbsp;</TD>
	<TD align=right>210&nbsp;</TD>
	<TD align=right>3.3%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>129&nbsp;</TD>
	<TD align=right>3.1%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>62.8%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>EBITDA <SUP>(4)</SUP></TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,137&nbsp;</TD>
	<TD align=right>17.9%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>833&nbsp;</TD>
	<TD align=right>20.1%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>36.5%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" 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>
<BR>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width="3%" valign=top><SUP>(1)</SUP>&nbsp;</TD>
    <TD><div align="justify"> Except volume and average price per unit case figures. </div></TD>
  </TR>
  <TR>
    <TD width="3%" valign=top><SUP>(2)</SUP>&nbsp;</TD>
    <TD><div align="justify"> Sales volume and average price per unit case exclude beer results </div></TD>
  </TR>
  <TR>
    <TD valign=top><SUP>(3)</SUP>&nbsp;</TD>
    <TD> Includes returnable bottle breakage expense. </TD>
  </TR>
  <TR>
    <TD valign=top><SUP>(4)</SUP>&nbsp;</TD>
    <TD><div align="justify">EBITDA = Operating Income + Depreciation, amortization &amp; other operative non-cash charges. </div></TD>
  </TR>
  <TR>
    <TD width="3%" valign=top>&nbsp;</TD>
    <TD><div align="justify"> Since June 2008, we integrated Minas Gerais (REMIL) in Brazil. </div></TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="2" align="center" style="border-top: 1px solid #000000;">&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=40%></TD>
    <TD></TD>
    <TD width=40%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom"><B>April 29, 2009</B>&nbsp;</TD>
    <TD valign="bottom"><div align="center"><img src="rodape.gif" alt="1" width="49" height="24"></div></TD>
    <TD align=right valign="bottom"><B>Page 11</B> </TD>
  </TR>
</TABLE>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_12"></A>

<P align="right">
<IMG src="logo_kof.gif" border=0></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><BR>
<P>
<B>For the three months ended March 31, 2009 and 2008</B></P>
<P>
<B><I>Expressed in million of Mexican pesos. </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=20%></TD>
	<TD width=1%></TD>
	<TD width=13%></TD>
	<TD width=1%></TD>
	<TD width=10%></TD>
	<TD width=1%></TD>
	<TD width=20%></TD>
	<TD width=1%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD></TD>
  <TD></TD>
  <TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD></TD>
  <TD></TD>
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center><B>1Q 09</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><B>1Q 08</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD align="right" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>Capex&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>710.3&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Capex&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>521.4&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD></TD>
	<TD></TD>
	<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>Depreciation&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>708.0&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Depreciation&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>561.0&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD></TD>
  <TD></TD>
  <TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>Amortization &amp; Other non-cash charges&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>261.0&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Amortization &amp; Other non-cash charges&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>190.0&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD></TD>
  <TD></TD>
  <TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P>
<B>VOLUME</B></P>
<P>
<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:10px">
<TR>
	<TD></TD>
	<TD width=7%></TD>
	<TD width=7%></TD>
	<TD width=7%></TD>
	<TD width=7%></TD>
	<TD width=7%></TD>
	<TD width=10%></TD>
	<TD width=7%></TD>
	<TD width=7%></TD>
	<TD width=7%></TD>
	<TD width=7%></TD>
	<TD width=7%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center"></TD>
  <TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD colspan="5" align=center><B>1Q 09</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD colspan="5" align=center><B>1Q 08</B>&nbsp;</TD>
	</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center"></TD>
	<TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD align=center><B>Sparkling</B>&nbsp;</TD>
	<TD align=center><B>Water </B><B><SUP>(1) </SUP></B></TD>
	<TD align=center><B>Bulk Water </B><B><SUP>(2)</SUP></B></TD>
	<TD align=center><B>Still </B><B><SUP>(3)</SUP></B></TD>
	<TD align=center><B>Total</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center><B>Sparkling</B>&nbsp;</TD>
	<TD align=center><B>Water </B><B><SUP>(1)</SUP></B></TD>
	<TD align=center><B>Bulk Water </B><B><SUP>(2)</SUP></B></TD>
	<TD align=center><B>Still </B><B><SUP>(3)</SUP></B></TD>
	<TD align=center><B>Total</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD colspan=2 align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Mexico&nbsp;</TD>
	<TD align=right>196.1&nbsp;</TD>
	<TD align=right>14.9&nbsp;</TD>
	<TD align=right>47.1&nbsp;</TD>
	<TD align=right>14.3&nbsp;</TD>
	<TD align=right>272.4&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>203.4&nbsp;</TD>
	<TD align=right>13.7&nbsp;</TD>
	<TD align=right>41.9&nbsp;</TD>
	<TD align=right>5.0&nbsp;</TD>
	<TD align=right>264.0&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left> &nbsp;Central America&nbsp;</TD>
	<TD align=right>27.0&nbsp;</TD>
	<TD align=right>1.5&nbsp;</TD>
	<TD align=right>0.0&nbsp;</TD>
	<TD align=right>2.4&nbsp;</TD>
	<TD align=right>30.9&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>29.4&nbsp;</TD>
	<TD align=right>1.5&nbsp;</TD>
	<TD align=right>0.0&nbsp;</TD>
	<TD align=right>2.0&nbsp;</TD>
	<TD align=right>32.9&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left> &nbsp;Colombia&nbsp;</TD>
	<TD align=right>40.4&nbsp;</TD>
	<TD align=right>2.3&nbsp;</TD>
	<TD align=right>2.3&nbsp;</TD>
	<TD align=right>3.6&nbsp;</TD>
	<TD align=right>48.6&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>41.2&nbsp;</TD>
	<TD align=right>2.7&nbsp;</TD>
	<TD align=right>2.6&nbsp;</TD>
	<TD align=right>0.7&nbsp;</TD>
	<TD align=right>47.2&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left> &nbsp;Venezuela&nbsp;</TD>
	<TD align=right>49.0&nbsp;</TD>
	<TD align=right>2.0&nbsp;</TD>
	<TD align=right>0.6&nbsp;</TD>
	<TD align=right>1.6&nbsp;</TD>
	<TD align=right>53.2&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>45.9&nbsp;</TD>
	<TD align=right>2.7&nbsp;</TD>
	<TD align=right>0.0&nbsp;</TD>
	<TD align=right>1.5&nbsp;</TD>
	<TD align=right>50.1&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Latincentro&nbsp;</TD>
	<TD align=right>116.4&nbsp;</TD>
	<TD align=right>5.8&nbsp;</TD>
	<TD align=right>2.9&nbsp;</TD>
	<TD align=right>7.6&nbsp;</TD>
	<TD align=right>132.7&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>116.5&nbsp;</TD>
	<TD align=right>6.9&nbsp;</TD>
	<TD align=right>2.6&nbsp;</TD>
	<TD align=right>4.2&nbsp;</TD>
	<TD align=right>130.2&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left> &nbsp;Brazil&nbsp;</TD>
	<TD align=right>93.8&nbsp;</TD>
	<TD align=right>5.6&nbsp;</TD>
	<TD align=right>0.6&nbsp;</TD>
	<TD align=right>3.0&nbsp;</TD>
	<TD align=right>103.0&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>69.0&nbsp;</TD>
	<TD align=right>5.4&nbsp;</TD>
	<TD align=right>0.0&nbsp;</TD>
	<TD align=right>1.1&nbsp;</TD>
	<TD align=right>75.5&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left> &nbsp;Argentina&nbsp;</TD>
	<TD align=right>42.9&nbsp;</TD>
	<TD align=right>0.4&nbsp;</TD>
	<TD align=right>0.2&nbsp;</TD>
	<TD align=right>2.6&nbsp;</TD>
	<TD align=right>46.1&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>45.7&nbsp;</TD>
	<TD align=right>0.6&nbsp;</TD>
	<TD align=right>0.0&nbsp;</TD>
	<TD align=right>1.7&nbsp;</TD>
	<TD align=right>48.0&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Mercosur&nbsp;</TD>
	<TD align=right>136.7&nbsp;</TD>
	<TD align=right>6.0&nbsp;</TD>
	<TD align=right>0.8&nbsp;</TD>
	<TD align=right>5.6&nbsp;</TD>
	<TD align=right>149.1&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>114.7&nbsp;</TD>
	<TD align=right>6.0&nbsp;</TD>
	<TD align=right>0.0&nbsp;</TD>
	<TD align=right>2.8&nbsp;</TD>
	<TD align=right>123.5&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD colspan=2 align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Total&nbsp;</TD>
	<TD align=right>449.2&nbsp;</TD>
	<TD align=right>26.7&nbsp;</TD>
	<TD align=right>50.8&nbsp;</TD>
	<TD align=right>27.5&nbsp;</TD>
	<TD align=right>554.2&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>434.6&nbsp;</TD>
	<TD align=right>26.6&nbsp;</TD>
	<TD align=right>44.5&nbsp;</TD>
	<TD align=right>12.0&nbsp;</TD>
	<TD align=right>517.7&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD colspan=2 align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
</TABLE>
<BR>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width="3%" valign=top><SUP>(1)</SUP>&nbsp;</TD>
    <TD><div align="justify"> <I>Excludes water presentations larger than 5.0 Lt</I> </div></TD>
  </TR>
  <TR>
    <TD width="3%" valign=top><SUP>(2)</SUP>&nbsp;</TD>
    <TD><div align="justify"> <I>Bulk Water = Still bottled water in 5.0, 19.0 and 20.0 - liter packaging presentations</I> </div></TD>
  </TR>
  <TR>
    <TD width="3%" valign=top><SUP>(3)</SUP>&nbsp;</TD>
    <TD><div align="justify"> <I>Still Beverages include flavored water</I> </div></TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
</TABLE>
<UL>
<LI>
Volume of Brazil, Mercosur division, and Consolidated includes three months of REMIL&#146;s operation, accounting for 27.5 million unit cases. Of this volume, sparkling beverages represent close to 95%.</LI>
</UL>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=40%></TD>
    <TD></TD>
    <TD width=40%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom"><B>April 29, 2009</B>&nbsp;</TD>
    <TD valign="bottom"><div align="center"><img src="rodape.gif" alt="1" width="49" height="24"></div></TD>
    <TD align=right valign="bottom"><B>Page 12</B> </TD>
  </TR>
</TABLE>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_13"></A>

<P align="right">
<IMG src="logo_kof.gif" border=0></P>
<P align="center">March 2009 <br>
Macroeconomic Information </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=13%></TD>
	<TD width=13%></TD>
	<TD width=1%></TD>
	<TD width=13%></TD>
	<TD width=13%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD colspan="2" align=center>Inflation <SUP>(1)</SUP></TD>
	<TD align=center>&nbsp;</TD>
	<TD colspan=3 align=center>Foreign Exchange Rate (local currency per US Dollar) <SUP>(2)</SUP></TD>
  </TR>
<TR valign="bottom">
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>LTM&nbsp;</TD>
	<TD align=center>1Q 2009&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align=center>Mar 09&nbsp;</TD>
	<TD align=center>Dec 08&nbsp;</TD>
	<TD align=center>March 08&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR>
	<TD colspan=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 colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center>Mexico&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>6.05%&nbsp;</TD>
	<TD align=right>1.03%&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>14.3317&nbsp;</TD>
	<TD align=right>13.5383&nbsp;</TD>
	<TD align=right>10.6962&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>Colombia&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>6.15%&nbsp;</TD>
	<TD align=right>1.94%&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>2,561.21&nbsp;</TD>
	<TD align=right>2,243.59&nbsp;</TD>
	<TD align=right>1,821.60&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>Venezuela <SUP>(3)</SUP></TD>
	<TD>&nbsp;</TD>
	<TD align=right>28.18%&nbsp;</TD>
	<TD align=right>4.87%&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>2.15&nbsp;</TD>
	<TD align=right>2.15&nbsp;</TD>
	<TD align=right>2.15&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>Brazil&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5.92%&nbsp;</TD>
	<TD align=right>1.15%&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>2.3152&nbsp;</TD>
	<TD align=right>2.3370&nbsp;</TD>
	<TD align=right>1.7491&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>Argentina&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>6.25%&nbsp;</TD>
	<TD align=right>1.61%&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD align=right>3.7200&nbsp;</TD>
	<TD align=right>3.4530&nbsp;</TD>
	<TD align=right>3.1680&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD colspan="3" align="center" style="border-top: 1px solid #000000;">&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="3%" valign=top><SUP>(1)</SUP>&nbsp;</TD>
    <TD><div align="justify"> Source: Mexican inflation is published by <I>Banco de M&eacute;xico </I>(Mexican Central Bank). </div></TD>
  </TR>
  <TR>
    <TD width="3%" valign=top><SUP>(2)</SUP>&nbsp;</TD>
    <TD><div align="justify"> Exchange rates at the end of period are the official exchange rates published by the Central Bank of each country. </div></TD>
  </TR>
  <TR>
    <TD width="3%" valign=top><SUP>(3)</SUP>&nbsp;</TD>
    <TD><div align="justify"> In Venezuela since January 1, 2008, the local currency is 'Bolivar Fuerte', 'Bolivar' the former currency, was divided by one thousand. </div></TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="2" align="center" style="border-top: 1px solid #000000;">&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=40%></TD>
    <TD></TD>
    <TD width=40%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left valign="bottom"><B>April 29, 2009</B>&nbsp;</TD>
    <TD valign="bottom"><div align="center"><img src="rodape.gif" alt="1" width="49" height="24"></div></TD>
    <TD align=right valign="bottom"><B>Page 13</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: April 29, 2009</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>
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