<SEC-DOCUMENT>0001292814-11-002651.txt : 20111011
<SEC-HEADER>0001292814-11-002651.hdr.sgml : 20111010
<ACCEPTANCE-DATETIME>20111011162338
ACCESSION NUMBER:		0001292814-11-002651
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20111231
FILED AS OF DATE:		20111011
DATE AS OF CHANGE:		20111011

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:		111135757

	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>kof20111011_6k.htm
<DESCRIPTION>FINANCIAL INFORMATION - NEW REPORTING SEGMENTS
<TEXT>

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<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="'Times New Roman,serif'"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 13pt" lang=EN-US face="'Times New Roman,serif'">UNITED STATES</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 13pt" lang=EN-US face="'Times New Roman,serif'">SECURITIES AND EXCHANGE COMMISSION</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 13pt" lang=EN-US face="'Times New Roman,serif'">Washington, D.C. 20549</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 14pt" lang=EN-US face="'Times New Roman,serif'">FORM 6-K</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 13pt" lang=EN-US face="'Times New Roman,serif'">REPORT OF FOREIGN PRIVATE ISSUER</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 13pt" lang=EN-US face="'Times New Roman,serif'">PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt"><B><FONT style="FONT-SIZE: 13pt" lang=EN-US face="'Times New Roman,serif'">THE SECURITIES EXCHANGE ACT OF 1934</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face="'Times New Roman,serif'">For the month of&nbsp;<FONT style="FONT-SIZE: 12pt" face="Times New Roman">October</FONT> 2011<BR>Commission File Number </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Times,serif>1-12260</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="'Times New Roman,serif'"></FONT>&nbsp;</P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; MARGIN-LEFT: 9pt; BORDER-TOP: medium none; MARGIN-RIGHT: 9pt; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Times,serif>COCA-COLA FEMSA, S.A.B. de C.V.</FONT></B></P></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt" align=center><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">(Translation of registrant&#8217;s name into English)</FONT></P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; MARGIN-LEFT: 9pt; BORDER-TOP: medium none; MARGIN-RIGHT: 9pt; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=center><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="'Times New Roman,serif'">United Mexican States</FONT></B></P></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt" align=center><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">(Jurisdiction of incorporation or organization)</FONT></P>

<DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; MARGIN-LEFT: 9pt; BORDER-TOP: medium none; MARGIN-RIGHT: 9pt; BORDER-RIGHT: medium none; PADDING-TOP: 0in">

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=center><B><FONT style="FONT-SIZE: 12pt" lang=ES face=Times,serif>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></B></P>

<P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; MARGIN: 0in 0in 0pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0in" align=center><B><FONT style="FONT-SIZE: 12pt" lang=ES face=Times,serif>M&#233;xico</FONT></B></P></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt" align=center><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">(Address of principal executive offices)</FONT></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 8pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">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>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 8pt" align=center><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">Form 20-F</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">&nbsp;X&nbsp;</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">&nbsp; Form 40-F </FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></U></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 8pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1) </FONT></P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: 0in; MARGIN: 0in 0in 8pt" align=center><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">Yes</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">No</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">&nbsp; X&nbsp;</FONT></U></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 8pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7) </FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 8pt" align=center><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">Yes</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">No</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">&nbsp; X&nbsp;</FONT></U></P>

<P style="TEXT-INDENT: 0.5in; MARGIN: 0in 0in 8pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 8pt" align=center><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">Yes</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">No</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">&nbsp; X&nbsp;</FONT></U></P>

<P style="TEXT-INDENT: 30pt; MARGIN: 0in 0in 8pt 6pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">If "Yes" is marked, indicate below the file number assigned to the registrant in connection with</FONT></P>

<P style="TEXT-INDENT: 0pt; MARGIN: 0in 0in 0pt 0pt" align=center><FONT style="FONT-SIZE: 11pt" lang=EN-US face="'Times New Roman,serif'">Rule 12g3-2(b): 82-__.</FONT></P>

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   <P style="MARGIN-LEFT: 10px"><B><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>Stock Listing Information</FONT></B><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD>

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   <P style="MARGIN-LEFT: 10px"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>Mexican Stock Exchange</FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD>

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   <P style="MARGIN-LEFT: 10px"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>Ticker: KOFL</FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD>

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   <P style="TEXT-ALIGN: left"><FONT style="FONT-SIZE: 10pt"><STRONG>Financial Information - New Reporting Segments</STRONG>&nbsp;</FONT></FONT></P></TD></TR>

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   <P style="MARGIN: 12pt 10px 0pt" align=justify><FONT style="FONT-SIZE: 10pt"><FONT style="FONT-FAMILY: arial" lang=EN-US></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: justify">Mexico City, October 11, 2011 &#8211; Coca-Cola FEMSA, S.A.B. de C.V. (&#8220;Coca-Cola FEMSA&#8221; or the &#8220;Company&#8221;), the largest public bottler of Coca-Cola products in the world in terms of sales volume, discloses historic financial information in connection with the new business structure.</P>

   <P style="TEXT-ALIGN: justify">As stated in the press release dated August 25, 2011, as of the third quarter of 2011, our reporting segments will be (i) the Mexico and Central America division and (ii) the South America division.</P>

   <P style="TEXT-ALIGN: justify">This document contains restated unaudited quarterly financial information for the years 2009, 2010 and 2011.</P>

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   <P style="TEXT-ALIGN: center"><FONT size=2 face=Wingdings-Regular,WingDings>vvv</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-FAMILY: arial" lang=EN-US></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: justify">Coca-Cola FEMSA, S.A.B. de C.V. produces and distributes Coca-Cola, Fanta, Sprite, Del Valle, and other trademark beverages of The Coca-Cola Company in Mexico (a substantial part of central Mexico, including Mexico City, as well as parts of southeast and northeast Mexico), Guatemala (Guatemala City and surrounding areas), Nicaragua (nationwide), Costa Rica (nationwide), Panama (nationwide), Colombia (most of the country), Venezuela (nationwide), Brazil (greater S&#227;o Paulo, Campi&#241;as, Santos, the state of Mato Grosso do Sul, part of the state of Goias, and part of the state of Minas Gerais), and Argentina (federal capital of Buenos Aires and surrounding areas), along with bottled water, juices, teas, isotonics, beer, and other beverages in some of these territories. The Company has 34 bottling facilities in Latin America and serves more than to 1,600,000 retailers in the region.</FONT></P></TD></TR>

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   <P style="MARGIN-LEFT: 10px"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>NYSE (ADR)</FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD></TR>

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   <P style="MARGIN-LEFT: 10px"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>Ticker: KOF</FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD></TR>

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   <P style="MARGIN-LEFT: 10px"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>Ratio of KOF L to KOF = 10:1</FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD></TR>

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   <P style="MARGIN-LEFT: 10px"><B><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>For Further Information:</FONT></B><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD></TR>

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   <P style="MARGIN-LEFT: 10px"><B><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>Investor Relations</FONT></B><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD></TR>

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   <P style="MARGIN-LEFT: 10px"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>Jos&#233; Castro</FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD></TR>

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   <P style="MARGIN-LEFT: 10px"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>jose.castro@kof.com.mx</FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD></TR>

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   <P style="MARGIN-LEFT: 10px"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>(5255) 5081-5120 / 5121</FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD></TR>

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   <P style="MARGIN-LEFT: 10px"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>Gonzalo Garc&#237;a</FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD></TR>

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   <P style="MARGIN-LEFT: 10px"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>gonzalojose.garciaa@kof.com.mx<FONT color=#000000>&nbsp;</FONT></FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD></TR>

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   <P style="MARGIN-LEFT: 10px"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>(5255) 5081-5148</FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD></TR>

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   <P style="MARGIN-LEFT: 10px"><FONT color=#ffffff><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>Roland Karig</FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;<BR>roland.karig@kof.com.mx</FONT></FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD></TR>

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   <P style="MARGIN-LEFT: 10px"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>(5255) 5081-5186</FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD></TR>

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   <P style="MARGIN-LEFT: 10px"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>Website:</FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD></TR>

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   <P style="MARGIN-LEFT: 10px"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt" color=#ffffff>www.coca-colafemsa.com</FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">&nbsp;</FONT></P></TD></TR></TABLE><BR>

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   <TD width="35%" align=left><B><FONT color=#808080>October 11, 2011</FONT></B>&nbsp;</TD>

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   <IMG border=0 src="rodape.gif"></FONT></B></TD>

   <TD width="30%" align=right><B><FONT color=#808080>Page 1</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: left"><B>1</B><B><SUP>st </SUP></B><B>Quarter 2010 Results (unaudited)</B></P>

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   <TD width="47%" align=left><B><FONT color=#333333>Mexico &amp; Central America Division</FONT></B>&nbsp;</TD>

   <TD width="1%" align=left><B><FONT color=#333333></FONT></B></TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=left>&nbsp;</TD>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%" colSpan=9 align=left><FONT color=#333333>Expressed in millions of Mexican pesos</FONT><SUP><FONT color=#333333>(1)</FONT></SUP> <FONT></FONT></TD></TR>

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   <TD width="100%" colSpan=9>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>1Q 10</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>1Q 09</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%" ><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" ><B><FONT color=#333333>&#916;</FONT></B>%&nbsp;</TD></TR>

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   <TD width="47%" align=left><FONT color=#333333>Volume (million unit cases)</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>305.9</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=right><FONT color=#333333>303.3</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=right><FONT color=#333333>0.9%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Average price per unit case</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>32.41</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>31.88</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>1.7%</FONT>&nbsp;</TD></TR>

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   <TD width="47%" align=left><FONT color=#333333>Net revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>9,916</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=right><FONT color=#333333>9,668</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=right><FONT color=#333333>2.6%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Other operating revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>22</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>27</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>-18.5%</FONT>&nbsp;</TD></TR>

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   <TD width="47%" align=left><FONT color=#333333>Total revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>9,938</FONT>&nbsp;</TD>

   <TD width="10%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>9,695</FONT>&nbsp;</TD>

   <TD width="10%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>2.5%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Cost of goods sold</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>5,152</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>51.8%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>4,901</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>50.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>5.1%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Gross profit</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>4,786</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>48.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>4,794</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>49.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>-0.2%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Operating expenses</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>3,379</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>34.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>3,202</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>33.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>5.5%</FONT>&nbsp;</TD></TR>

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   <TD width="47%" align=left><FONT color=#333333>Operating income</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>1,407</FONT>&nbsp;</TD>

   <TD width="10%" align=right><FONT color=#333333>14.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>1,592</FONT>&nbsp;</TD>

   <TD width="10%" align=right><FONT color=#333333>16.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>-11.6%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Depreciation, amortization &amp; other operative non-cash charges</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>531</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>5.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>503</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>5.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>5.6%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>EBITDA </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>1,938</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>19.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>2,095</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>21.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>-7.5%</FONT>&nbsp;</TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(1) </FONT></SUP><FONT color=#333333>Except volume and average price per unit case figures.</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(2) </FONT></SUP><FONT color=#333333>EBITDA = Operating Income + Depreciation, amortization &amp; other operative non-cash charges.</FONT></P>

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   <TD width="47%" align=left><B><FONT color=#333333>South America Division</FONT></B>&nbsp;</TD>

   <TD width="1%" align=left><B><FONT color=#333333></FONT></B></TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%" colSpan=9 align=left><FONT color=#333333>Expressed in millions of Mexican pesos</FONT><SUP><FONT color=#333333>(1)</FONT></SUP> <FONT></FONT></TD></TR>

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   <TD width="100%" colSpan=9>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>1Q 10</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>1Q 09</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>&#916;</FONT></B>%&nbsp;</TD></TR>

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   <TD width="47%" align=left><FONT color=#333333>Volume (million unit cases) </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>283.5</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=right><FONT color=#333333>250.9</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=right><FONT color=#333333>13.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Average price per unit case </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>45.14</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>48.28</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>-6.5%</FONT>&nbsp;</TD></TR>

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   <TD width="47%" align=left><FONT color=#333333>Net revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>13,560</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=right><FONT color=#333333>12,718</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=right><FONT color=#333333>6.6%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Other operating revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>97</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>113</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>-14.2%</FONT>&nbsp;</TD></TR>

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   <TD width="47%" align=left><FONT color=#333333>Total revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>13,657</FONT>&nbsp;</TD>

   <TD width="10%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>12,831</FONT>&nbsp;</TD>

   <TD width="10%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>6.4%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Cost of goods sold</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>7,728</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>56.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>7,182</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>56.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>7.6%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Gross profit</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>5,929</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>43.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>5,649</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>44.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>5.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Operating expenses</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>3,818</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>28.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>3,936</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>30.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>-3.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="47%" align=left><FONT color=#333333>Operating income</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>2,111</FONT>&nbsp;</TD>

   <TD width="10%" align=right><FONT color=#333333>15.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>1,713</FONT>&nbsp;</TD>

   <TD width="10%" align=right><FONT color=#333333>13.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>23.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Depreciation, amortization &amp; other operative non-cash charges</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>427</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>3.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>466</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>3.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>-8.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>EBITDA </FONT><SUP><FONT color=#333333>(3)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>2,538</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>18.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>2,179</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>17.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>16.5%</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(1) </FONT></SUP><FONT color=#333333>Except volume and average price per unit case figures.</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(2) </FONT></SUP><FONT color=#333333>Sales volume and average price per unit case exclude beer results.</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(3) </FONT></SUP><FONT color=#333333>EBITDA = Operating Income + Depreciation, amortization &amp; other operative non-cash charges.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT color=#333333>Since June 2009, we integrated Brisa in the operations of Colombia.</FONT></P>

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   <TD width="35%" align=left><B><FONT color=#808080>October 11, 2011</FONT></B>&nbsp;</TD>

   <TD width="35%"><B><FONT color=#808080>
   <IMG border=0 src="rodape.gif"></FONT></B></TD>

   <TD width="30%" align=right><B><FONT color=#808080>Page&nbsp;2</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: left"><B>2</B><B><SUP>nd </SUP></B><B>Quarter 2010 Results (unaudited)</B></P>

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   <TD width="20%" align=left><B><FONT color=#333333>Mexico &amp; Central America Division</FONT></B>&nbsp;</TD>

   <TD width="1%" align=left><B><FONT color=#333333></FONT></B></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="5%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

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<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%" colSpan=17 align=left><FONT color=#333333>Expressed in millions of Mexican pesos</FONT><SUP><FONT color=#333333>(1)</FONT></SUP></TD></TR>

<TR>

   <TD width="100%" colSpan=17>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>2Q 10 </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>2Q 09 </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>&#916;</FONT></B>%&nbsp;</TD>

   <TD width="5%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>YTD 10&nbsp; </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">% Rev&nbsp;&nbsp;</TD>

   <TD width="1%"></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">YTD 09&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333><B><FONT color=#333333>&#916;</FONT></B></FONT></B>%&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Volume (million unit cases)</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>377.2</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>363.6</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>3.7%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>683.1</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>666.9</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>2.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Average price per unit case</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>32.41</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>31.00</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.5%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>32.41</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>31.28</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Net revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>12,224</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>11,272</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>8.4%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>22,139</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>20,860</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>6.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Other operating revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>20</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>63</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-68.3%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>42</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>85</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-50.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Total revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>12,244</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>11,335</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>8.0%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>22,181</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>20,945</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>5.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Cost of goods sold</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>6,238</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>50.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5,708</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>50.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>9.3%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>11,389</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>51.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>10,559</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>50.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Gross profit</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>6,006</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>49.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5,627</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>49.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>6.7%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>10,792</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>48.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>10,386</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>49.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Operating expenses</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3,766</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>30.8%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3,440</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>30.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>9.5%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7,145</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>32.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>6,618</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>31.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>8.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Operating income</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>2,240</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>18.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>2,187</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>19.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>2.4%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>3,647</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>16.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>3,768</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>18.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>-3.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Depreciation, amortization &amp; other operative non-cash charges</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>519</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>444</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>16.9%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>1,052</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>943</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>11.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>EBITDA </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>2,759</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>22.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>2,631</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>23.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.9%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4,699</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>21.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4,711</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>22.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-0.3%</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(1) </FONT></SUP><FONT color=#333333>Except volume and average price per unit case figures.</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(2) </FONT></SUP><FONT color=#333333>EBITDA = Operating Income + Depreciation, amortization &amp; other operative non-cash charges.</FONT></P>

<HR color=#000000 SIZE=3 width="100%">



<P style="TEXT-ALIGN: left"></P>

<DIV align=left>

<TABLE style="WIDTH: 100%; FONT-FAMILY: 'Arial'; FONT-SIZE: 10pt" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD width="20%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD>

   <TD width="5%"></TD>

   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><B><FONT color=#333333>South America Division</FONT></B>&nbsp;</TD>

   <TD width="1%" align=left><B><FONT color=#333333></FONT></B></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="5%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%" colSpan=17 align=left><FONT color=#333333>Expressed in millions of Mexican pesos</FONT><SUP><FONT color=#333333>(1)</FONT></SUP> <FONT></FONT></TD></TR>

<TR>

   <TD width="100%" colSpan=17>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>2Q 10 </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>2Q 09 </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>&#916;</FONT></B>%&nbsp;</TD>

   <TD width="5%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>YTD 10&nbsp; </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">% Rev&nbsp;&nbsp;</TD>

   <TD width="1%"></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">YTD 09&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333><B><FONT color=#333333>&#916;</FONT></B></FONT></B>%&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Volume (million unit cases) </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>256.6</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>243.4</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>5.4%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>540.1</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>494.3</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>9.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Average price per unit case </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>47.24</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>49.90</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-5.3%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>46.94</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>48.51</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-3.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Net revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>12,868</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>12,761</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>0.8%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>26,861</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>25,202</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>6.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Other operating revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>65</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>88</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-26.1%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>163</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>192</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-15.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Total revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>12,933</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>12,849</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>0.7%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>27,024</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>25,394</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>6.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Cost of goods sold</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7,284</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>56.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7,049</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>54.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.3%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>15,261</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>56.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>14,072</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>55.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>8.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Gross profit</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5,649</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>43.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5,800</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>45.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-2.6%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>11,763</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>43.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>11,322</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>44.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Operating expenses</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3,801</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>29.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4,310</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>33.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-11.8%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7,744</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>28.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>8,151</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>32.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-5.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Operating income</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>1,848</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>14.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>1,490</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>11.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>24.0%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>4,019</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>14.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>3,171</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>12.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>26.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Depreciation, amortization &amp; other operative non-cash charges</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>416</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>428</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-2.8%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>853</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>882</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-3.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>EBITDA </FONT><SUP><FONT color=#333333>(3)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>2,264</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>17.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>1,918</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>14.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>18.0%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4,872</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>18.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4,053</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>16.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>20.2%</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(1) </FONT></SUP><FONT color=#333333>Except volume and average price per unit case figures.</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(2) </FONT></SUP><FONT color=#333333>Sales volume and average price per unit case exclude beer results</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(3) </FONT></SUP><FONT color=#333333>EBITDA = Operating Income + Depreciation, amortization &amp; other operative non-cash charges.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT color=#333333>Since June 2009, we integrated Brisa in the operations of Colombia.</FONT></P>

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   <TD width="35%" align=left><B><FONT color=#808080>October 11, 2011</FONT></B>&nbsp;</TD>

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   <TD width="30%" align=right><B><FONT color=#808080>Page&nbsp;3</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: left"><B>3</B><B><SUP>rd </SUP></B><B>Quarter 2010 Results (unaudited)</B></P>

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   <TD width="20%" align=left><B><FONT color=#333333>Mexico &amp; Central America Division</FONT></B>&nbsp;</TD>

   <TD width="1%" align=left><B><FONT color=#333333></FONT></B></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

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   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%" colSpan=17 align=left><FONT color=#333333>Expressed in millions of Mexican pesos</FONT><SUP><FONT color=#333333>(1)</FONT></SUP></TD></TR>

<TR>

   <TD width="100%" colSpan=17>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>3Q 10 </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>3Q 09 </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>&#916;</FONT></B>%&nbsp;</TD>

   <TD width="5%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>YTD 10&nbsp; </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">% Rev&nbsp;&nbsp;</TD>

   <TD width="1%"></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">YTD 09&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333><B><FONT color=#333333>&#916;</FONT></B></FONT></B>%&nbsp;</TD></TR>

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   <TD width="20%" align=left><FONT color=#333333>Volume (million unit cases)</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>347.7</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>355.4</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>-2.2%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>1,030.8</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>1,022.3</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>0.8%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Average price per unit case</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>32.76</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>31.30</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.7%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>32.56</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>31.31</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.0%</FONT>&nbsp;</TD></TR>

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   <TD width="20%" align=left><FONT color=#333333>Net revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>11,393</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>11,124</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>2.4%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>33,568</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>32,008</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>4.9%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Other operating revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>54</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>21</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>157.1%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>100</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>111</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-9.9%</FONT>&nbsp;</TD></TR>

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   <TD width="20%" align=left><FONT color=#333333>Total revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>11,447</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>11,145</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>2.7%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>33,668</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>32,119</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>4.8%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Cost of goods sold</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5,853</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>51.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5,710</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>51.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>2.5%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>17,256</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>51.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>16,281</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>50.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>6.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Gross profit</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5,594</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>48.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5,435</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>48.8%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>2.9%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>16,412</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>48.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>15,838</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>49.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Operating expenses</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3,689</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>32.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3,469</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>31.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>6.3%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>10,853</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>32.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>10,097</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>31.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Operating income</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>1,905</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>16.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>1,966</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>17.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>-3.1%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>5,559</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>16.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>5,741</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>17.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>-3.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Depreciation, amortization &amp; other operative non-cash charges</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>513</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>467</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>9.9%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>1,566</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>1,411</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>11.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>EBITDA </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>2,418</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>21.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>2,433</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>21.8%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-0.6%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7,125</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>21.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7,152</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>22.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-0.4%</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(1) </FONT></SUP><FONT color=#333333>Except volume and average price per unit case figures.</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(2) </FONT></SUP><FONT color=#333333>EBITDA = Operating Income + Depreciation, amortization &amp; other operative non-cash charges.</FONT></P>

<HR color=#000000 SIZE=3 width="100%">



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<TR>

   <TD width="20%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD>

   <TD width="5%"></TD>

   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><B><FONT color=#333333>South America Division</FONT></B>&nbsp;</TD>

   <TD width="1%" align=left><B><FONT color=#333333></FONT></B></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="5%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%" colSpan=17 align=left><FONT color=#333333>Expressed in millions of Mexican pesos</FONT><SUP><FONT color=#333333>(1)</FONT></SUP> <FONT></FONT></TD></TR>

<TR>

   <TD width="100%" colSpan=17>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>3Q 10 </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>3Q 09 </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>&#916;</FONT></B>%&nbsp;</TD>

   <TD width="5%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>YTD 10&nbsp; </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">% Rev&nbsp;&nbsp;</TD>

   <TD width="1%"></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">YTD 09&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333><B><FONT color=#333333>&#916;</FONT></B></FONT></B>%&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Volume (million unit cases) </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>268.7</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>260.2</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>3.2%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>808.8</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>754.5</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>7.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Average price per unit case </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>49.67</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>54.32</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-8.6%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>48.07</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>51.81</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-7.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Net revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>14,161</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>14,777</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>-4.2%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>41,201</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>40,956</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>0.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Other operating revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>67</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>85</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-21.2%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>228</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>283</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-19.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Total revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>14,228</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>14,862</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>-4.3%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>41,429</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>41,239</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>0.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Cost of goods sold</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7,693</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>54.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>8,233</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>55.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-6.6%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>23,051</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>55.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>22,847</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>55.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>0.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Gross profit</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>6,535</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>45.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>6,629</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>44.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-1.4%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>18,378</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>44.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>18,392</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>44.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-0.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Operating expenses</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4,191</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>29.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4,636</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>31.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-9.6%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>11,989</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>28.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>13,154</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>31.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-8.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Operating income</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>2,344</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>16.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>1,993</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>13.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>17.6%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>6,389</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>15.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>5,238</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>12.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>22.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Depreciation, amortization &amp; other operative non-cash charges</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>477</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>522</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-8.6%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>1,337</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>1,436</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-6.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>EBITDA </FONT><SUP><FONT color=#333333>(3)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>2,821</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>19.8%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>2,515</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>16.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>12.2%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7,726</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>18.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>6,674</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>16.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>15.8%</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(1) </FONT></SUP><FONT color=#333333>Except volume and average price per unit case figures.</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(2) </FONT></SUP><FONT color=#333333>Sales volume and average price per unit case exclude beer results</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(3) </FONT></SUP><FONT color=#333333>EBITDA = Operating Income + Depreciation, amortization &amp; other operative non-cash charges.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT color=#333333>Since June 2009, we integrated Brisa in the operations of Colombia.</FONT></P>

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   <TD width="35%" align=left><B><FONT color=#808080>October 11, 2011</FONT></B>&nbsp;</TD>

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<P style="TEXT-ALIGN: left"><B>4</B><B><SUP>th </SUP></B><B>Quarter 2010 Results (unaudited)</B></P>

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   <TD width="20%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD>

   <TD width="5%"></TD>

   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><B><FONT color=#333333>Mexico &amp; Central America Division</FONT></B>&nbsp;</TD>

   <TD width="1%" align=left><B><FONT color=#333333></FONT></B></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="5%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%" colSpan=17 align=left><FONT color=#333333>Expressed in millions of Mexican pesos</FONT><SUP><FONT color=#333333>(1)</FONT></SUP> <FONT></FONT></TD></TR>

<TR>

   <TD width="100%" colSpan=17>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>4Q 10 </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>4Q 09 </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>&#916;</FONT></B>%&nbsp;</TD>

   <TD width="5%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>2010</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">% Rev&nbsp;&nbsp;</TD>

   <TD width="1%"></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">2009</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333><B><FONT color=#333333>&#916;</FONT></B></FONT></B>%&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Volume (million unit cases)</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>348.3</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>340.8</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>2.2%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>1,379.3</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>1,363.0</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>1.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Average price per unit case</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>33.03</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>32.01</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.2%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>32.69</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>31.47</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Net revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>11,503</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>10,910</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>5.4%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>45,084</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>42,896</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>5.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Other operating revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>38</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>29</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>31.0%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>129</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>138</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-6.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Total revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>11,541</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>10,939</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>5.5%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>45,213</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>43,034</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>5.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Cost of goods sold</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5,913</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>51.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5,477</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>50.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>8.0%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>23,178</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>51.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>21,748</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>50.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>6.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Gross profit</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5,628</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>48.8%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5,462</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>49.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.0%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>22,035</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>48.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>21,286</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>49.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Operating expenses</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3,475</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>30.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3,198</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>29.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>8.7%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>14,321</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>31.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>13,288</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>30.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Operating income</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>2,153</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>18.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>2,264</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>20.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>-4.9%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>7,714</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>17.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>7,998</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>18.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>-3.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Depreciation, amortization &amp; other operative non-cash charges</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>460</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>446</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.1%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>2,027</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>1,928</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>EBITDA </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>2,613</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>22.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>2,710</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>24.8%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-3.6%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>9,741</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>21.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>9,926</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>23.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-1.9%</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(1) </FONT></SUP><FONT color=#333333>Except volume and average price per unit case figures.</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(2) </FONT></SUP><FONT color=#333333>EBIT DA = Operating Income + Depreciation, amortization &amp; other operative non-cash charges.</FONT></P>

<HR color=#000000 SIZE=3 width="100%">



<P style="TEXT-ALIGN: left"></P>

<DIV align=left>

<TABLE style="WIDTH: 100%; FONT-FAMILY: 'Arial'; FONT-SIZE: 10pt" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD width="20%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD>

   <TD width="5%"></TD>

   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><B><FONT color=#333333>South America Division</FONT></B>&nbsp;</TD>

   <TD width="1%" align=left><B><FONT color=#333333></FONT></B></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="5%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%" colSpan=17 align=left><FONT color=#333333>Expressed in millions of Mexican pesos</FONT><SUP><FONT color=#333333>(1)</FONT></SUP> <FONT></FONT></TD></TR>

<TR>

   <TD width="100%" colSpan=17>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>4Q 10 </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>4Q 09 </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>&#916;</FONT></B>%&nbsp;</TD>

   <TD width="5%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>2010&nbsp; </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">% Rev&nbsp;&nbsp;</TD>

   <TD width="1%"></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">2009&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333><B><FONT color=#333333>&#916;</FONT></B></FONT></B>%&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Volume (million unit cases) </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>311.6</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>311.2</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>0.2%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>1,120.2</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>1,065.6</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>5.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Average price per unit case </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>49.29</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>54.83</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-10.1%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>48.76</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>53.07</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-8.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Net revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>16,344</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>17,979</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>-9.1%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>57,904</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>59,333</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>-2.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Other operating revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>106</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>114</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-7.0%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>339</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>400</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-15.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Total revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>16,450</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>18,093</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>-9.1%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>58,243</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>59,733</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>-2.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Cost of goods sold</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>9,104</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>55.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>10,140</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>56.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-10.2%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>32,356</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>55.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>33,204</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>55.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-2.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Gross profit</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7,346</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>44.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7,953</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>44.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-7.6%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>25,887</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>44.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>26,529</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>44.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-2.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Operating expenses</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4,419</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>26.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5,390</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>29.8%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-18.0%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>16,522</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>28.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>18,692</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>31.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-11.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Operating income</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>2,927</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>17.8%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>2,563</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>14.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>14.2%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>9,365</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>16.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>7,837</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>13.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>19.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Depreciation, amortization &amp; other operative non-cash charges</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>569</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>532</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>2.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7.0%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>1,916</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>1,983</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>-3.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>EBITDA </FONT><SUP><FONT color=#333333>(3)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3,496</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>21.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3,095</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>17.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>13.0%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>11,281</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>19.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>9,820</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>16.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>14.9%</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(1) </FONT></SUP><FONT color=#333333>Except volume and average price per unit case figures.</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(2) </FONT></SUP><FONT color=#333333>Sales volume and average price per unit case exclude beer results</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(3) </FONT></SUP><FONT color=#333333>EBITDA = Operating Income + Depreciation, amortization &amp; other operative non-cash charges.</FONT></P>

<P style="TEXT-ALIGN: left"><FONT color=#333333>Since June 2009, we integrated Brisa in the operations of Colombia.</FONT></P>

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   <TD width="35%" align=left><B><FONT color=#808080>October 11, 2011</FONT></B>&nbsp;</TD>

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   <TD width="30%" align=right><B><FONT color=#808080>Page&nbsp;5</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: left"><B>1</B><B><SUP>st </SUP></B><B>Quarter 2011 Results (unaudited)</B></P>

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   <TD width="47%" align=left><B><FONT color=#333333>Mexico &amp; Central America Division</FONT></B>&nbsp;</TD>

   <TD width="1%" align=left><B><FONT color=#333333></FONT></B></TD>

   <TD width="10%" align=left>&nbsp;</TD>

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   <TD width="10%" align=left>&nbsp;</TD>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%" colSpan=9 align=left><FONT color=#333333>Expressed in millions of Mexican pesos</FONT><SUP><FONT color=#333333>(1)</FONT></SUP> <FONT></FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left>&nbsp;</TD>

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   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>1Q 11</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>1Q&nbsp;10</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>&#916;</FONT></B>%&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="47%" align=left><FONT color=#333333>Volume (million unit cases)</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>331.7</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=right><FONT color=#333333>305.9</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=right><FONT color=#333333>8.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Average price per unit case</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>33.44</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>32.41</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>3.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="47%" align=left><FONT color=#333333>Net revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>11,092</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=right><FONT color=#333333>9,916</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=right><FONT color=#333333>11.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Other operating revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>24</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>22</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>9.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="47%" align=left><FONT color=#333333>Total revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>11,116</FONT>&nbsp;</TD>

   <TD width="10%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>9,938</FONT>&nbsp;</TD>

   <TD width="10%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>11.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Cost of goods sold</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>5,821</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>52.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>5,152</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>51.8%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>13.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Gross profit</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>5,295</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>47.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>4,786</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>48.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>10.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Operating expenses</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>3,633</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>32.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>3,379</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>34.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>7.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="47%" align=left><FONT color=#333333>Operating income</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>1,662</FONT>&nbsp;</TD>

   <TD width="10%" align=right><FONT color=#333333>15.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>1,407</FONT>&nbsp;</TD>

   <TD width="10%" align=right><FONT color=#333333>14.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>18.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Depreciation, amortization &amp; other operative non-cash charges</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>521</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>4.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>531</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>5.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>-1.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>EBITDA </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>2,183</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>19.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>1,938</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>19.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>12.6%</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(1) </FONT></SUP><FONT color=#333333>Except volume and average price per unit case figures.</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(2) </FONT></SUP><FONT color=#333333>EBITDA = Operating Income + Depreciation, amortization &amp; other operative non-cash charges.</FONT></P>

<HR color=#000000 SIZE=3 width="100%">



<P style="TEXT-ALIGN: left"></P>

<DIV align=left>

<TABLE style="WIDTH: 100%; FONT-FAMILY: 'Arial'; FONT-SIZE: 10pt" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD width="47%"></TD>

   <TD width="1%"></TD>

   <TD width="10%"></TD>

   <TD width="10%"></TD>

   <TD width="1%"></TD>

   <TD width="10%"></TD>

   <TD width="10%"></TD>

   <TD width="1%"></TD>

   <TD width="10%"></TD></TR>

<TR vAlign=bottom>

   <TD width="47%" align=left><B><FONT color=#333333>South America Division</FONT></B>&nbsp;</TD>

   <TD width="1%" align=left><B><FONT color=#333333></FONT></B></TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%" colSpan=9 align=left><FONT color=#333333>Expressed in millions of Mexican pesos</FONT><SUP><FONT color=#333333>(1)</FONT></SUP> <FONT></FONT></TD></TR>

<TR>

   <TD width="100%" colSpan=9>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>1Q 11</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>1Q&nbsp;10</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%"><B><FONT color=#333333>&#916;</FONT></B>%&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="47%" align=left><FONT color=#333333>Volume (million unit cases) </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>273.1</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=right><FONT color=#333333>283.5</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=right><FONT color=#333333>-3.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Average price per unit case </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>50.27</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>45.14</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>11.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="47%" align=left><FONT color=#333333>Net revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>14,606</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=right><FONT color=#333333>13,560</FONT>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="10%" align=right><FONT color=#333333>7.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Other operating revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>104</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>97</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>7.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="47%" align=left><FONT color=#333333>Total revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>14,710</FONT>&nbsp;</TD>

   <TD width="10%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>13,657</FONT>&nbsp;</TD>

   <TD width="10%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>7.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Cost of goods sold</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>8,239</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>56.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>7,728</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>56.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>6.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Gross profit</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>6,471</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>44.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>5,929</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>43.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>9.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Operating expenses</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>4,250</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>28.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>3,818</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>28.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>11.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="47%" align=left><FONT color=#333333>Operating income</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>2,221</FONT>&nbsp;</TD>

   <TD width="10%" align=right><FONT color=#333333>15.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>2,111</FONT>&nbsp;</TD>

   <TD width="10%" align=right><FONT color=#333333>15.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="10%" align=right><FONT color=#333333>5.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>Depreciation, amortization &amp; other operative non-cash charges</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>563</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>3.8%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>427</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>3.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>31.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="47%" align=left><FONT color=#333333>EBITDA </FONT><SUP><FONT color=#333333>(3)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>2,784</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>18.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>2,538</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>18.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="10%" align=right><FONT color=#333333>9.7%</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(1) </FONT></SUP><FONT color=#333333>Except volume and average price per unit case figures.</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(2) </FONT></SUP><FONT color=#333333>Sales volume and average price per unit case exclude beer results</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(3) </FONT></SUP><FONT color=#333333>EBITDA = Operating Income + Depreciation, amortization &amp; other operative non-cash charges.</FONT></P>

<HR color=#000000 SIZE=3 width="100%">



<P style="TEXT-ALIGN: left"></P>

<P style="TEXT-ALIGN: left">&nbsp;</P>

<TABLE style="WIDTH: 100%; FONT-FAMILY: 'Arial'; FONT-SIZE: 10pt" border=0 cellSpacing=0>



<TR>

   <TD width="35%"></TD>

   <TD width="35%"></TD>

   <TD width="30%"></TD></TR>

<TR vAlign=bottom>

   <TD width="35%" align=left><B><FONT color=#808080>October 11, 2011</FONT></B>&nbsp;</TD>

   <TD width="35%"><B><FONT color=#808080>
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   <TD width="30%" align=right><B><FONT color=#808080>Page&nbsp;6</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

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<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: left"><B>2</B><B><SUP>nd </SUP></B><B>Quarter 2011 Results (unaudited)</B></P>

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<TR>

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   <TD width="7%"></TD>

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   <TD width="20%" align=left><B><FONT color=#333333>Mexico &amp; Central America Division</FONT></B>&nbsp;</TD>

   <TD width="1%" align=left><B><FONT color=#333333></FONT></B></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="5%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

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<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%" colSpan=17 align=left><FONT color=#333333>Expressed in millions of Mexican pesos</FONT><SUP><FONT color=#333333>(1)</FONT></SUP> <FONT></FONT></TD></TR>

<TR>

   <TD width="100%" colSpan=17>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>2Q 11 </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>2Q 10 </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>&#916;</FONT></B>%&nbsp;</TD>

   <TD width="5%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>YTD 11&nbsp; </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">% Rev&nbsp;&nbsp;</TD>

   <TD width="1%"></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">YTD 10&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333><B><FONT color=#333333>&#916;</FONT></B></FONT></B>%&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Volume (million unit cases)</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>402.2</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>377.2</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>6.6%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>733.9</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>683.1</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>7.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Average price per unit case</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>33.59</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>32.40</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.7%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>33.52</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>32.41</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Net revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>13,508</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>12,224</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>10.5%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>24,598</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>22,139</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>11.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Other operating revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>38</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>20</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>90.0%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>62</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>42</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>47.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Total revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>13,546</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>12,244</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>10.6%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>24,660</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>22,181</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>11.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Cost of goods sold</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>6,887</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>50.8%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>6,238</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>50.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>10.4%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>12,684</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>51.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>11,389</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>51.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>11.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Gross profit</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>6,659</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>49.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>6,006</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>49.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>10.9%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>11,976</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>48.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>10,792</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>48.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>11.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Operating expenses</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4,040</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>29.8%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3,766</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>30.8%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7.3%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7,697</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>31.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7,145</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>32.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Operating income</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>2,619</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>19.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>2,240</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>18.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>16.9%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>4,279</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>17.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>3,647</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>16.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>17.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Depreciation, amortization &amp; other operative non-cash charges</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>549</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>519</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5.8%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>1,069</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>1,052</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>1.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>EBITDA </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3,168</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>23.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>2,759</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>22.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>14.8%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5,348</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>21.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4,699</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>21.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>13.8%</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(1) </FONT></SUP><FONT color=#333333>Except volume and average price per unit case figures.</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(2) </FONT></SUP><FONT color=#333333>EBITDA = Operating Income + Depreciation, amortization &amp; other operative non-cash charges.</FONT></P>

<HR color=#000000 SIZE=3 width="100%">



<P style="TEXT-ALIGN: left"></P>

<DIV align=left>

<TABLE style="WIDTH: 100%; FONT-FAMILY: 'Arial'; FONT-SIZE: 10pt" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD width="20%"></TD>

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   <TD width="7%"></TD>

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   <TD width="7%"></TD>

   <TD width="7%"></TD>

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   <TD width="7%"></TD>

   <TD width="7%"></TD>

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   <TD width="7%"></TD>

   <TD width="7%"></TD>

   <TD width="1%"></TD>

   <TD width="7%"></TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><B><FONT color=#333333>South America Division</FONT></B>&nbsp;</TD>

   <TD width="1%" align=left><B><FONT color=#333333></FONT></B></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="5%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="100%" colSpan=17 align=left><FONT color=#333333>Expressed in millions of Mexican pesos</FONT><SUP><FONT color=#333333>(1)</FONT></SUP></TD></TR>

<TR>

   <TD width="100%" colSpan=17>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>2Q 11 </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>2Q 10 </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>&#916;</FONT></B>%&nbsp;</TD>

   <TD width="5%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>YTD 11&nbsp; </FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">% Rev&nbsp;&nbsp;</TD>

   <TD width="1%"></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%">YTD 10&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333>% Rev</FONT></B>&nbsp;</TD>

   <TD width="1%"><B><FONT color=#333333></FONT></B></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%"><B><FONT color=#333333><B><FONT color=#333333>&#916;</FONT></B></FONT></B>%&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Volume (million unit cases) </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>263.4</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>256.6</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>2.6%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>536.6</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>540.1</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>-0.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Average price per unit case </FONT><SUP><FONT color=#333333>(2)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>52.91</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>47.24</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>12.0%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>51.82</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>46.94</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>10.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Net revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>14,788</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>12,868</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>14.9%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>29,539</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>26,861</FONT>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD width="7%" align=right><FONT color=#333333>10.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Other operating revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>83</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>65</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>27.7%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>189</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>163</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=left>&nbsp;</TD>

   <TD width="1%" align=left></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>16.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Total revenues</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>14,871</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>12,933</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>15.0%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>29,728</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>27,024</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>100.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>10.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Cost of goods sold</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>8,452</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>56.8%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7,284</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>56.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>16.0%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>16,770</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>56.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>15,261</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>56.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>9.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Gross profit</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>6,419</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>43.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5,649</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>43.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>13.6%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>12,958</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>43.6%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>11,763</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>43.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>10.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Operating expenses</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4,442</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>29.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3,801</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>29.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>16.9%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>8,746</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>29.4%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>7,744</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>28.7%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>12.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="20%" align=left><FONT color=#333333>Operating income</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>1,977</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>13.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>1,848</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>14.3%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>7.0%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>4,212</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>14.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>4,019</FONT>&nbsp;</TD>

   <TD width="7%" align=right><FONT color=#333333>14.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD width="7%" align=right><FONT color=#333333>4.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>Depreciation, amortization &amp; other operative non-cash charges</FONT>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>587</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>416</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>41.1%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>1,155</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.9%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>853</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>3.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>35.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="20%" align=left><FONT color=#333333>EBITDA </FONT><SUP><FONT color=#333333>(3)</FONT></SUP>&nbsp;</TD>

   <TD width="1%" align=left><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>2,564</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>17.2%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>2,264</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>17.5%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>13.3%</FONT>&nbsp;</TD>

   <TD width="5%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>5,367</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>18.1%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>4,872</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>18.0%</FONT>&nbsp;</TD>

   <TD width="1%" align=right><FONT color=#333333></FONT></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid" width="7%" align=right><FONT color=#333333>10.2%</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(1) </FONT></SUP><FONT color=#333333>Except volume and average price per unit case figures.</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(2) </FONT></SUP><FONT color=#333333>Sales volume and average price per unit case exclude beer results</FONT></P>

<P style="TEXT-ALIGN: left"><SUP><FONT color=#333333>(3) </FONT></SUP><FONT color=#333333>EBITDA = Operating Income + Depreciation, amortization &amp; other operative non-cash charges.</FONT></P>

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   <TD width="35%" align=left><B><FONT color=#808080>October 11, 2011</FONT></B>&nbsp;</TD>

   <TD width="35%"><B><FONT color=#808080>
   <IMG border=0 src="rodape.gif"></FONT></B></TD>

   <TD width="30%" align=right><B><FONT color=#808080>Page&nbsp;7</FONT></B>&nbsp;</TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="'Times New Roman,serif'">SIGNATURES</FONT></B></P>

<P style="TEXT-INDENT: 0.5in; MARGIN-LEFT: 0in; MARGIN-RIGHT: 0in"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Times,serif>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>

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   <P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" face="'Times New Roman,serif'">COCA-COLA FEMSA, S.A.B. DE C.V.</FONT></B><FONT style="FONT-SIZE: 11pt" face="'Times New Roman,serif'"> </FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" face="'Times New Roman,serif'">By:&nbsp;</FONT><U><FONT style="FONT-SIZE: 11pt" face="'Times New Roman,serif'">&nbsp;/s/ H&#233;ctor Trevi&#241;o Guti&#233;rrez&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U></P></TD></TR>

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   <P style="MARGIN: 0in 0in 0pt 25.9pt"><FONT style="FONT-SIZE: 11pt" face="'Times New Roman,serif'">H&#233;ctor Trevi&#241;o Guti&#233;rrez</FONT></P>

   <P style="MARGIN: 0in 0in 12pt 25.9pt"><FONT style="FONT-SIZE: 11pt" face="'Times New Roman,serif'">Chief Financial Officer</FONT></P></TD></TR>

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   <P style="MARGIN: 0in 0in 12pt"><FONT style="FONT-SIZE: 11pt" face="'Times New Roman,serif'">&nbsp;Date:&nbsp;<FONT style="FONT-SIZE: 11pt" face="Times New Roman">October</FONT> <FONT style="FONT-SIZE: 11pt" face="Times New Roman">11</FONT>, 2011</FONT></P></TD>

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