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<SEC-DOCUMENT>0000893750-08-000131.txt : 20080408
<SEC-HEADER>0000893750-08-000131.hdr.sgml : 20080408
<ACCEPTANCE-DATETIME>20080408172306
ACCESSION NUMBER:		0000893750-08-000131
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070630
FILED AS OF DATE:		20080408
DATE AS OF CHANGE:		20080408

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ANDINA BOTTLING CO INC
		CENTRAL INDEX KEY:			0000925261
		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:	001-13142
		FILM NUMBER:		08745992

	BUSINESS ADDRESS:	
		STREET 1:		AVENIDA EL GOLF 40, PISO 4
		STREET 2:		LAS CONDES
		CITY:			SANTIAGO CHILE
		STATE:			F3
		ZIP:			00000
		BUSINESS PHONE:		5623380520

	MAIL ADDRESS:	
		STREET 1:		AVENIDA EL GOLF 40, PISO 4
		STREET 2:		LAS CONDES
		CITY:			SANTIAGO
		STATE:			F3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>financials2007june.htm
<DESCRIPTION>FORM 6K
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE>Financial Statements June 30, 2007</TITLE>
<META content=04/05/2008 name=date>
</HEAD>
<BODY
style="FONT-SIZE: 10pt; COLOR: #000000; LINE-HEIGHT: 12pt; FONT-FAMILY: Times New Roman">
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 18pt; MARGIN: 0px; LINE-HEIGHT: 20pt"
align=center><B>UNITED STATES</B></P>
<P style="FONT-SIZE: 18pt; MARGIN: 0px; LINE-HEIGHT: 20pt"
align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="MARGIN: 0px" align=center><B>WASHINGTON, D.C. 20549</B></P>
<P style="MARGIN: 0px">&nbsp;</P>
<P style="MARGIN: 0px" align=center>__________________________</P>
<P style="MARGIN: 0px">&nbsp;</P>
<P style="FONT-SIZE: 18pt; MARGIN: 0px; LINE-HEIGHT: 20pt" align=center><B>FORM
6-K</B></P>
<P style="MARGIN: 0px">&nbsp;</P>
<P style="MARGIN: 0px" align=center>__________________________</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt"
align=center><B>REPORT OF FOREIGN ISSUER</B></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt"
align=center><B>PURSUANT TO RULE 13a-16 OR 15b-16 OF</B></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt" align=center><B>THE
SECURITIES EXCHANGE ACT OF 1934</B></P>
<P style="MARGIN: 0px"><B></B>&nbsp;</P>
<P style="MARGIN: 0px" align=center>June 2007</P>
<P style="MARGIN: 0px" align=center>Date of Report (Date of Earliest Event
Reported)</P>
<P style="MARGIN: 0px" align=center>__________________________</P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="FONT-SIZE: 16pt; MARGIN: 0px; LINE-HEIGHT: 18pt"
align=center><B>Embotelladora Andina S.A. </B></P>
<P style="MARGIN: 0px" align=center>(Exact name of registrant as specified in
its charter) </P>
<P style="FONT-SIZE: 16pt; MARGIN: 0px; LINE-HEIGHT: 18pt"
align=center><B>Andina Bottling Company, Inc.</B></P>
<P style="MARGIN: 0px" align=center>(Translation of Registrant&#180;s name into
English) </P>
<P style="FONT-SIZE: 7.5pt; MARGIN: 0px">&nbsp;</P>
<P style="MARGIN: 0px; FONT-FAMILY: sans-serif" align=center><B>Avda. El Golf
40, Piso 4</B></P>
<P style="MARGIN: 0px" align=center><B>Las Condes</B></P>
<P style="MARGIN: 0px" align=center><B>Santiago, Chile</B></P>
<P style="MARGIN: 0px" align=center>&nbsp;(Address of principal executive
office)</P>
<P style="FONT-SIZE: 7.5pt; MARGIN: 0px">&nbsp;</P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center>__________________________</P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px; LINE-HEIGHT: normal" align=center>Indicate by check mark
whether the registrant files or will file annual reports<BR>under cover Form
20-F or Form 40-F.&nbsp;<BR>Form 20-F ___X___ Form 40-F _______<FONT
style="FONT-SIZE: 7.5pt"> </FONT></P>
<P style="MARGIN: 0px" align=center>Indicate by check mark if the Registrant is
submitting this Form 6-K in paper as<BR>permitted by Regulation S-T Rule
101(b)(1):<BR>Yes _______ No ___X____<BR><BR>Indicate by check mark if the
Registrant is submitting this Form 6-K in paper as<BR>permitted by Regulation
S-T Rule 101(b)(7):<BR>Yes _______ No ___X____<BR><BR>Indicate by check mark
whether the registrant by furnishing the information contained in this Form 6-K
is also thereby furnishing the information to the<BR>Commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act of 1934<BR>Yes _______ No ___X____
</P>
<P style="MARGIN: 0px" align=center><BR><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
</DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px">EMBOTELLADORA ANDINA S.A. AND
SUBSIDIARIES</P>
<P style="MARGIN: 0px">Consolidated financial statements</P>
<P style="MARGIN: 0px">June 30, 2007 </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">(Translation of original in Spanish) </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">CONTENTS</P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px; TEXT-INDENT: -18px">Consolidated
Balance Sheets</P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px; TEXT-INDENT: -18px">Consolidated
Statements of Income</P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px; TEXT-INDENT: -18px">Consolidated
Statements of Cash Flows</P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px; TEXT-INDENT: -18px">Notes to the
Consolidated Financial Statements</P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px; TEXT-INDENT: -18px">Report of
Independent Auditors</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 47px">Ch$</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">-</P>
<P style="MARGIN: 0px; TEXT-INDENT: 141px">Chilean pesos</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 47px">ThCh$</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">-</P>
<P style="MARGIN: 0px; TEXT-INDENT: 141px">Thousands of Chilean pesos</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 47px">US$</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">-</P>
<P style="MARGIN: 0px; TEXT-INDENT: 141px">United States dollars</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 47px">ThUS$</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">- </P>
<P style="MARGIN: 0px; TEXT-INDENT: 141px">Thousands of United States
dollars</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 47px">R$</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">- &nbsp;</P>
<P style="MARGIN: 0px; TEXT-INDENT: 141px">Brazilian Reais</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 47px">ThR$</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">-</P>
<P style="MARGIN: 0px; TEXT-INDENT: 141px">Thousands of Brazilian Reais</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 47px">AR$</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">- </P>
<P style="MARGIN: 0px; TEXT-INDENT: 141px">Argentine pesos</P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 47px">ThAR$</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">-</P>
<P style="MARGIN: 0px; TEXT-INDENT: 141px">Thousands of Argentine pesos</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 47px">UF</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">-</P>
<P style="MARGIN: 0px; TEXT-INDENT: 141px">Unidades de Fomento (Chilean
government inflation-indexed monetary units)</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 47px">&#128;</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">-</P>
<P style="MARGIN: 0px; TEXT-INDENT: 141px">Euros</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 47px">Th&#128;</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">-</P>
<P style="MARGIN: 0px; TEXT-INDENT: 141px">Thousands of Euros</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;</P>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P
style="FONT-SIZE: 11pt; PAGE-BREAK-BEFORE: always; MARGIN: 0px; LINE-HEIGHT: 13pt">REPORT
OF INDEPENDENT AUDITORS</P>
<P style="MARGIN: 0px"><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt">(Translation of
original in Spanish)</P>
<P style="MARGIN: 0px"><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt">Santiago, July 25,
2007</P>
<P style="MARGIN: 0px"><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt">To the Shareholders
and Directors</P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt">Embotelladora Andina
S.A.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt">We have reviewed the
accompanying Consolidated Balance Sheets of Embotelladora Andina S.A. and its
subsidiaries (the &#147;Company&#148;) as of June 30, 2007 and 2006, and the related
Consolidated Statements of Income and of Cash Flows for each of the six-month
periods then ended. &nbsp;These interim financial statements (including the
corresponding notes thereto) are the responsibility of the Company&#146;s management.
&nbsp;The analysis of results and relevant facts attached are not part of these
financial statements and therefore, this report is not related to them.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt">We conducted our
review in accordance with auditing standards established in Chile for the review
of interim financial information. &nbsp;A review of interim financial
information consists principally of applying analytical procedures to the
financial statements and making inquiries of persons responsible for financial
and accounting matters. &nbsp;It is substantially less in scope than an audit
conducted in accordance with generally accepted auditing standards, the
objective of which is the expression of an opinion regarding the financial
statements taken as a whole. &nbsp;Accordingly, the interim consolidated
financial statements as of June 30, 2007 and 2006 have not been audited and
therefore, we cannot, nor do we express, such an opinion.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt">Based on our review,
we are not aware of any significant adjustments that should be made to the
accompanying consolidated interim financial statements for them to be in
conformity with accounting principles generally accepted in Chile.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt">Juan Carlos Pitta De
C.</P>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt; FONT-FAMILY: Arial">Id
No. 14.709.125-7</P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">2</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES</P>
<P style="MARGIN: 0px">CONSOLIDATED BALANCE SHEETS</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=417></TD>
<TD width=84></TD>
<TD width=84></TD></TR>
<TR>
<TD vAlign=top width=417>
<P>&nbsp;</P></TD>
<TD vAlign=top width=169 colSpan=2>
<P style="MARGIN: 0px" align=right><B>&nbsp;For the periods ended
</B></P></TD></TR>
<TR>
<TD vAlign=top width=417>
<P>&nbsp;</P></TD>
<TD vAlign=top width=169 colSpan=2>
<P style="MARGIN: 0px" align=right><B>&nbsp;June 30 </B></P></TD></TR>
<TR>
<TD vAlign=top width=417>
<P>&nbsp;</P></TD>
<TD vAlign=top width=84>
<P style="MARGIN: 0px" align=right><B>&nbsp;2007 </B></P></TD>
<TD vAlign=top width=84>
<P style="MARGIN: 0px" align=right><B>&nbsp;2006 </B></P></TD></TR>
<TR>
<TD vAlign=top width=417>
<P>&nbsp;</P></TD>
<TD vAlign=top width=84>
<P style="MARGIN: 0px" align=right><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=84>
<P style="MARGIN: 0px" align=right><B>&nbsp;ThCh$ </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL CURRENT ASSETS </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>172,375,972 </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>151,770,543 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Cash </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>31,180,534 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>5,546,519 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Time deposits </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>19,476,949 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>35,590,423 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Marketable securities (net) &nbsp;</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>26,918,058 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>24,695,996 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Trade accounts receivable (net) </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>23,065,362 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>21,267,924 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Notes receivable (net) </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>7,161,199 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>5,700,671 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Other receivables (net) </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>7,715,557 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>16,142,810 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Notes and accounts receivable from related
companies </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>927,840 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>1,117,164 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Inventories (net) </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>23,261,022 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>21,323,205 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Recoverable taxes </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>4,598,125 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>9,244,139 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Prepaid expenses </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>2,301,610 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>2,184,225 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Deferred income taxes </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>506,128 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>0 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Other current assets </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>25,263,588 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>8,957,467 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL PROPERTY, PLANT &amp; EQUIPMENT
</B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>148,836,776 </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>145,429,172 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Land </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>16,430,796 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>13,407,281 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Buildings &amp; improvements </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>89,154,266 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>83,741,263 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Machinery and equipment </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>218,501,783 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>221,813,286 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Other property, plant &amp; equipment </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>216,983,428 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>212,054,094 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Technical reappraisal of property, plant
&amp; equipment </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>2,095,208 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>2,095,144 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Depreciation </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(394,328,705)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(387,681,896)</P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL OTHER ASSETS </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>180,786,020 </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>227,110,983 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Investments in related companies </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>20,541,339 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>21,785,524 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Investments in other companies </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>56,616 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>58,050 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Goodwill </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>63,537,374 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>74,159,149 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Long-term receivables </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>64,991 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>129,479 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Long-term notes and accounts receivable from
related companies </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>36,176 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>35,492 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Long-term deferred income taxes </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>0 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>178,728 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Intangibles </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>420,521 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>443,047 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Amortization </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(262,341)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(260,522)</P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px">&nbsp;Others </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>96,391,344 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>130,582,036 </P></TD></TR>
<TR>
<TD vAlign=bottom width=417>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL ASSETS </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>501,998,768 </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>524,310,698
</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:D34></A><A
name=RANGE!A1:C34></A>
<P style="MARGIN: 0px">The accompanying Notes 1 to 41 are an integral part of
these consolidated financial statements.</P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">3</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:C35></A>
<P style="MARGIN: 0px">EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES</P>
<P style="MARGIN: 0px">CONSOLIDATED BALANCE SHEETS</P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=386></TD>
<TD width=81></TD>
<TD width=81></TD></TR>
<TR>
<TD vAlign=top width=386>
<P>&nbsp;</P></TD>
<TD vAlign=top width=162 colSpan=2>
<P style="MARGIN: 0px" align=center><B>For the periods ended</B></P></TD></TR>
<TR>
<TD vAlign=top width=386>
<P>&nbsp;</P></TD>
<TD vAlign=top width=162 colSpan=2>
<P style="MARGIN: 0px" align=center><B>June 30</B></P></TD></TR>
<TR>
<TD vAlign=top width=386>
<P>&nbsp;</P></TD>
<TD vAlign=top width=81>
<P style="MARGIN: 0px" align=right><B>&nbsp;2007 </B></P></TD>
<TD vAlign=top width=81>
<P style="MARGIN: 0px" align=right><B>&nbsp;2006 </B></P></TD></TR>
<TR>
<TD vAlign=top width=386>
<P>&nbsp;</P></TD>
<TD vAlign=top width=81>
<P style="MARGIN: 0px" align=right><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=81>
<P style="MARGIN: 0px" align=right><B>&nbsp;ThCh$ </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL CURRENT LIABILITIES </B></P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right><B>147,077,631 </B></P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right><B>134,010,112 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Short-term bank liabilities </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>338,615 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>49,248,897 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Current portion of long-term bank liabilities
</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>0 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>528,159 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Current portion of bonds payable </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>29,957,382 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>13,175,161 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Dividends payable </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>57,844,398 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>5,028,307 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Accounts payable </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>29,844,351 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>31,382,651 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Other creditors </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>4,268,369 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>3,010,099 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Notes and accounts payable to related
companies </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>3,889,660 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>7,033,728 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Provisions </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>3,223,700 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>769,740 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Withholdings </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>9,528,909 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>13,342,371 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Income taxes payable </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>3,300,640 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>5,418,310 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Unearned income </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>546,382 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>497,216 </P></TD></TR>
<TR>
<TD vAlign=top width=386>
<P style="MARGIN: 0px">&nbsp;Deferred income taxes </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>0 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>867,777 </P></TD></TR>
<TR>
<TD vAlign=top width=386>
<P style="MARGIN: 0px">&nbsp;Other current liabilities </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>4,335,225 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>3,707,696 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL LONG-TERM LIABILITIES </B></P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right><B>109,660,494 </B></P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right><B>140,715,235 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Long-term bank liabilities </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>778,427 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>334,005 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Bonds payable </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>71,016,869 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>101,460,384 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Other creditors </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>134,311 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>191,198 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Long-term notes and accounts payable to
related companies </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>3,403,981 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>3,808,476 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Provisions </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>17,174,207 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>25,734,840 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Deferred income taxes </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>7,059,723 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>0 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Other long-term liabilities </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>10,092,976 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>9,186,332 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px"><B>&nbsp;MINORITY INTEREST </B></P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>1,231,492 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>1,203,545 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL SHAREHOLDERS&#146; EQUITY </B></P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right><B>244,029,151 </B></P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right><B>248,381,806 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Paid-in capital </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>202,060,999 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>203,644,239 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Revalued capital reserves </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>3,839,159 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>2,240,087 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Other reserves </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>(1,918,627)</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>5,055,152 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Retained earnings </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>40,047,620 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>37,442,328 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Accumulated earnings </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>10,621,196 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>10,195,578 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">&nbsp;Net income for the period </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>35,014,442 </P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>31,846,806 </P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px">Interim dividends</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>(5,588,018)</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>(4,600,056)</P></TD></TR>
<TR>
<TD vAlign=bottom width=386>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL LIABILITIES &amp; SHAREHOLDERS&#146;
EQUITY </B></P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right><B>501,998,768 </B></P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right><B>524,310,698
</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The accompanying Notes 1 to 41 are an integral part of
these consolidated financial statements.</P><A name=RANGE!A1:D39></A>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">4</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES</P>
<P style="MARGIN: 0px">CONSOLIDATED STATEMENTS OF INCOME</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=338></TD>
<TD width=84></TD>
<TD width=84></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=169 colSpan=2>
<P style="MARGIN: 0px" align=center><B>June 30,</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>&nbsp;2007 </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>&nbsp;2006 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>&nbsp;ThCh$ </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px"><B>OPERATING INCOME </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>48,813,272 </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>41,524,815 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Gross margin </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>127,874,169 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>108,812,000 </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Net sales </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>296,863,697 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>263,066,430 </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Cost of sales </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(168,989,528)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(154,254,430)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Administrative and selling expenses </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(79,060,897)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(67,287,185)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px"><B>NON OPERATING INCOME AND EXPENSE </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>(4,135,990)</B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>(3,285,164)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Financial income </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>7,774,134 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>5,261,030 </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Equity in earnings of equity investments </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>514,540 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>354,053 </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Other non-operating income </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>4,295,626 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>457,337 </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Equity in losses of equity investments </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(327,131)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>0 </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Amortization of goodwill </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(3,228,863)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(3,353,002)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Financial expenses </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(7,972,975)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(10,610,227)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Other non-operating expenses </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(2,081,737)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(974,139)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Price level restatement </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>83,609 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(587,431)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Foreign exchange gains </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(3,193,193)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>6,167,215 </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Income before income taxes and extraordinary items
</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>44,677,282 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>38,239,651 </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Income tax expense </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(9,623,890)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(6,352,637)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Income before minority interest </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>35,053,392 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>31,887,014 </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Minority interest </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(38,950)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(40,208)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px"><B>NET INCOME FOR THE PERIOD </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>35,014,442 </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>31,846,806
</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The accompanying Notes 1 to 41 are an integral part of
these consolidated financial statements.</P><A name=RANGE!A1:D24></A><A
name=RANGE!A1:C25></A>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">5</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES</P>
<P style="MARGIN: 0px">CONSOLIDATED STATEMENTS OF CASH FLOW</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=448></TD>
<TD width=84></TD>
<TD width=84></TD></TR>
<TR>
<TD vAlign=top width=448>
<P>&nbsp;</P></TD>
<TD vAlign=top width=169 colSpan=2>
<P style="MARGIN: 0px" align=center><B>For the periods ended</B></P></TD></TR>
<TR>
<TD vAlign=top width=448>
<P>&nbsp;</P></TD>
<TD vAlign=top width=169 colSpan=2>
<P style="MARGIN: 0px" align=center><B>June 30</B></P></TD></TR>
<TR>
<TD vAlign=top width=448>
<P>&nbsp;</P></TD>
<TD vAlign=top width=84>
<P style="MARGIN: 0px" align=right><B>&nbsp;2007 </B></P></TD>
<TD vAlign=top width=84>
<P style="MARGIN: 0px" align=right><B>&nbsp;2006 </B></P></TD></TR>
<TR>
<TD vAlign=top width=448>
<P>&nbsp;</P></TD>
<TD vAlign=top width=84>
<P style="MARGIN: 0px" align=right><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=84>
<P style="MARGIN: 0px" align=right><B>&nbsp;ThCh$ </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px"><B>&nbsp;NET CASH PROVIDED BY OPERATING ACTIVITIES
</B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>53,893,933 </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>62,157,390 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;Collection of trade receivables &nbsp;</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>421,495,135 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>398,892,644 </P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;Financial income received &nbsp;</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>6,805,549 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>6,676,047 </P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;Dividend &amp; other distributions received
</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>2,436,292 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>1,509,007 </P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;Other income received &nbsp;</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>47,297 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>38,541 </P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;Payments to suppliers and personnel
&nbsp;</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(303,474,699)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(281,582,490)</P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;Interest paid &nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(6,460,687)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(5,980,693)</P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;Income taxes paid &nbsp;</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(10,273,798)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(6,158,996)</P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;VAT and other tax payments &nbsp;</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(56,681,156)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(51,236,670)</P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px"><B>&nbsp;NET CASH PROVIDED BY (USED IN) FINANCING
ACTIVITIES </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>(22,516,968)</B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>(51,764,482)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;Borrowings &nbsp;</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>424,343 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>34,212,518 </P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;Dividend distribution </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(13,983,854)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(63,409,332)</P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;Loan payments </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(2,870,146)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(16,463,962)</P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;Bond payments </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(6,087,311)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(6,103,706)</P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px"><B>&nbsp;NET CASH PROVIDED BY (USED IN) INVESTMENT
ACTIVITIES </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>(590,527)</B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>(5,197,192)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;Proceeds from sales of property, plant and
equipment &nbsp;</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>441,475 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>1,194,385 </P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;Proceeds from sales of permanent investments
</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>0 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>5,214,223 </P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;Proceeds from sales of other investments
&nbsp;</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>22,171,673 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>3,120,061 </P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;Additions to property, plant &amp; equipment
</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(22,999,666)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(14,643,266)</P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px">&nbsp;Permanent investments </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>0 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(918)</P></TD></TR>
<TR>
<TD vAlign=top width=448>
<P style="MARGIN: 0px">&nbsp;Investments in financial instruments </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(204,009)</P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(81,677)</P></TD></TR>
<TR>
<TD vAlign=top width=448>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL NET CASH FOR THE PERIOD </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>30,786,438 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>5,195,716 </P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px"><B>&nbsp;EFFECT OF INFLATION ON CASH AND CASH
EQUIVALENTS </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>599,264 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>(1,028,620)</P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px"><B>&nbsp;NET (DECREASE) INCREASE IN CASH AND CASH
EQUIVALENTS &nbsp;</B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>31,385,702 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>4,167,096 </P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px"><B>&nbsp;CASH AND CASH EQUIVALENTS AT BEGINNING OF
PERIOD &nbsp;</B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>41,808,130 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>22,598,391 </P></TD></TR>
<TR>
<TD vAlign=bottom width=448>
<P style="MARGIN: 0px"><B>&nbsp;CASH AND CASH EQUIVALENTS AT END OF PERIOD
</B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>73,193,832 </B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>26,765,487
</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:C31></A>
<P style="MARGIN: 0px">The accompanying Notes 1 to 41 are an integral part of
these consolidated financial statements.</P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">6</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>EMBOTELLADORA ANDINA S.A. AND SUBSIDIARIES</B></P>
<P style="MARGIN: 0px"><B>RECONCILIATION BETWEEN NET INCOME AND NET CASH
FLOWS</B></P>
<P style="MARGIN: 0px"><B>PROVIDED BY OPERATING ACTIVITIES</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=496></TD>
<TD width=78></TD>
<TD width=78></TD></TR>
<TR>
<TD vAlign=top width=496>
<P>&nbsp;</P></TD>
<TD vAlign=top width=156 colSpan=2>
<P style="MARGIN: 0px" align=center><B>For the periods ended</B></P></TD></TR>
<TR>
<TD vAlign=top width=496>
<P>&nbsp;</P></TD>
<TD vAlign=top width=156 colSpan=2>
<P style="MARGIN: 0px" align=center><B>June 30,</B></P></TD></TR>
<TR>
<TD vAlign=top width=496>
<P>&nbsp;</P></TD>
<TD vAlign=top width=78>
<P style="MARGIN: 0px"><B>&nbsp;2007 </B></P></TD>
<TD vAlign=top width=78>
<P style="MARGIN: 0px"><B>&nbsp;2006 </B></P></TD></TR>
<TR>
<TD vAlign=top width=496>
<P>&nbsp;</P></TD>
<TD vAlign=top width=78>
<P style="MARGIN: 0px"><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=78>
<P style="MARGIN: 0px"><B>&nbsp;ThCh$ </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px"><B>NET INCOME</B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right><B>35,014,442 </B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right><B>31,846,806 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px"><B>Income on sale of assets:</B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right><B>213,810 </B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right><B>(253,049)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Loss (gain) on sale of property, plant and
equipment</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>226,850 </P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(253,049)</P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Loss on sale of other assets</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(13,040)</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>0 </P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px"><B>ADJUSTMENTS TO NET INCOME THAT DO NOT REPRESENT
MOVEMENTS OF CASH</B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right><B>20,274,701 </B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right><B>12,513,071 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Depreciation</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>14,522,514 </P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>15,574,241 </P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Amortization of intangibles</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>116,572 </P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>150,386 </P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Write-offs and provisions</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>709,126 </P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(773,610)</P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Equity in earnings of equity investments</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(514,540)</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(354,053)</P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Equity in losses of equity investments</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>327,131 </P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>0 </P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Amortization of goodwill</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>3,228,863 </P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>3,353,002 </P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Price level restatement</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(83,609)</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>587,431 </P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Foreign exchange losses (gains), net</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>3,193,193 </P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(6,167,215)</P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Other credits to income that do not represent cash
flows</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>514,754 </P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(17,396)</P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Other charges to income that do not represent cash
flows</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(1,739,303)</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>160,285 </P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px"><B>CHANGES IN OPERATING ASSETS</B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right><B>16,657,969 </B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right><B>23,731,013 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">(Increase) decrease in trade accounts
receivable</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>24,345,359 </P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>27,268,475 </P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">(Increase) decrease in inventories</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(674,510)</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>602,902 </P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">(Increase) decrease in other assets</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(7,012,880)</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(4,140,364)</P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px"><B>CHANGES IN OPERATING LIABILITIES</B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right><B>(18,305,939)</B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right><B>(5,720,659)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Increase (decrease) in accounts payable related to
operating income</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(24,194,890)</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(10,462,053)</P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Increase (decrease) in interest payable</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>6,792,436 </P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>9,571,192 </P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Increase (decrease) in income taxes payable</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>1,134,540 </P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(1,147,081)</P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Increase (decrease) in other accounts payable
related to non-operating income</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>3,836,439 </P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(266,893)</P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px">Increase (decrease) in valued added tax and other
similar items</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(5,874,464)</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(3,415,824)</P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px"><B>Minority interest</B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right><B>38,950 </B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right><B>40,208 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=496>
<P style="MARGIN: 0px"><B>NET CASH PROVIDED BY OPERATING
ACTIVITIES</B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right><B>53,893,933 </B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right><B>62,157,390
</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:C32></A>
<P style="MARGIN: 0px">The accompanying Notes 1 to 41 are an integral part of
these consolidated financial statements.</P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">7</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 1 - INCORPORATION IN THE SECURITIES REGISTER</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Embotelladora Andina S.A. was incorporated in the
Securities Register under No. 00124 and, in conformity with Law 18,046. is
subject to the supervision of the Chilean Superintendence of Securities and
Insurance Companies (the &#147;SVS&#148;).</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING PRINCIPLES</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">a)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Accounting period</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The consolidated financial statements cover the period
January 1 to June 30, 2007 and are compared to the same period in 2006.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">b)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Basis of preparation </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The consolidated financial statements have been prepared
in conformity with generally accepted accounting principles issued by the
Chilean Institute of Accountants, as well as rules and regulations of the SVS.
&nbsp;In the event of discrepancy, the SVS regulations will prevail. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">c)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Basis of presentation</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">For comparison purposes, the figures in the prior-year
financial statements have been restated by 2.9 % according to CPI and minor
reclassifications have been made.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">d)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Basis of consolidation</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The accompanying financial statements include assets,
liabilities, income and cash flows of the Parent Company and its subsidiaries.
&nbsp;The equity and income accounts of the Parent Company and its subsidiaries
have been combined, eliminating investments and current accounts between
consolidated companies, transactions between them and the unrealized income from
inter-company transactions.</P>
<P style="MARGIN: 0px">In addition, for proper presentation of consolidated net
income, the participation in income by minority shareholders is shown in the
consolidated statements of income under Minority interest.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px">Holding percentages</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The subsidiaries included in the consolidated financial
statements and Andina&#146;s direct and indirect holding percentages are as
follows:</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=289></TD>
<TD width=59></TD>
<TD width=74></TD>
<TD width=80></TD>
<TD width=94></TD></TR>
<TR>
<TD vAlign=bottom width=289>
<P style="MARGIN: 0px"><B>Company Name </B></P></TD>
<TD vAlign=bottom width=309 colSpan=4>
<P style="MARGIN: 0px" align=center><B>Ownership Interest</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=289>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=214
colSpan=3>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD>
<TD vAlign=top width=94>
<P style="MARGIN: 0px" align=right><B>June 30, 2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=289>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P style="MARGIN: 0px" align=right><B>Direct</B></P></TD>
<TD vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right><B>Indirect</B></P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right><B>Total</B></P></TD>
<TD vAlign=top width=94>
<P style="MARGIN: 0px" align=right><B>Total</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=289>
<P style="MARGIN: 0px">ABISA CORP S.A.</P></TD>
<TD vAlign=bottom width=59>
<P style="MARGIN: 0px" align=right>0.00</P></TD>
<TD vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=289>
<P style="MARGIN: 0px">ANDINA BOTTLING INVESTMENTS S.A.</P></TD>
<TD vAlign=bottom width=59>
<P style="MARGIN: 0px" align=right>99.90</P></TD>
<TD vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right>0.09</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=289>
<P style="MARGIN: 0px">ANDINA INVERSIONES SOCIETARIAS S.A.</P></TD>
<TD vAlign=bottom width=59>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right>0.00</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=289>
<P style="MARGIN: 0px">ANDINA BOTTLING INVESTMENTS DOS S.A.</P></TD>
<TD vAlign=bottom width=59>
<P style="MARGIN: 0px" align=right>99.90</P></TD>
<TD vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right>0.09</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=289>
<P style="MARGIN: 0px">EMBOTELLADORA DEL ATLANTICO S.A.</P></TD>
<TD vAlign=bottom width=59>
<P style="MARGIN: 0px" align=right>0.00</P></TD>
<TD vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=289>
<P style="MARGIN: 0px">ENVASES MULTIPACK LTDA.</P></TD>
<TD vAlign=bottom width=59>
<P style="MARGIN: 0px" align=right>0.00</P></TD>
<TD vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right>0.00</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>0.00</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=289>
<P style="MARGIN: 0px">RIO DE JANEIRO REFRESCOS LTDA.</P></TD>
<TD vAlign=bottom width=59>
<P style="MARGIN: 0px" align=right>0.00</P></TD>
<TD vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=289>
<P style="MARGIN: 0px">SERVICIOS MULTIVENDING LTDA.</P></TD>
<TD vAlign=bottom width=59>
<P style="MARGIN: 0px" align=right>99.90</P></TD>
<TD vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right>0.09</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=289>
<P style="MARGIN: 0px">TRANSPORTES ANDINA REFRESCOS LTDA.</P></TD>
<TD vAlign=bottom width=59>
<P style="MARGIN: 0px" align=right>99.90</P></TD>
<TD vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right>0.09</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=289>
<P style="MARGIN: 0px">VITAL S.A.</P></TD>
<TD vAlign=bottom width=59>
<P style="MARGIN: 0px" align=right>0.00</P></TD>
<TD vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=289>
<P style="MARGIN: 0px">RJR INVESTMENTS CORP S.A.</P></TD>
<TD vAlign=bottom width=59>
<P style="MARGIN: 0px" align=right>0.00</P></TD>
<TD vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=289>
<P style="MARGIN: 0px">VITAL AGUAS S.A.</P></TD>
<TD vAlign=bottom width=59>
<P style="MARGIN: 0px" align=right>56.50</P></TD>
<TD vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right>0.00</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>56.50</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>56.50</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">8</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">e)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 47px">Price-level restatement</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The financial statements have been restated to reflect
the effect of price-level changes on the purchasing power of the Chilean peso
during the respective periods. &nbsp;Restatements have been determined on the
basis of the percentage variation of the official Chilean Consumer Price Index,
&#147;CPI&#148;, issued by the Chilean National Institute of Statistics, which amounted to
1.9% for the period December 1, 2006 to May 31, 2007 (1.1% for the same period
of the previous year). </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">f)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 47px">Currency translation</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Balances in foreign currency are considered as
non-monetary items and are translated at the exchange rate prevailing at
year-end. &nbsp;&nbsp;Regarding balances subject to restatement, these have been
restated by the corresponding restatement index or by the agreed upon rate. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Assets and liabilities in foreign currency and Unidades
de Fomento have been translated into local currency at the following end of
period exchange rates:</P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=153></TD>
<TD width=43></TD>
<TD width=80></TD>
<TD width=80></TD></TR>
<TR>
<TD vAlign=bottom width=153>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=43>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right><B>2007</B></P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right><B>2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=153>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=43>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right><B>Ch$</B></P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right><B>Ch$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=153>
<P style="MARGIN: 0px">Unidades de Fomento </P></TD>
<TD vAlign=bottom width=43>
<P style="MARGIN: 0px">(UF)</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>18,624.17</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>18,151.40</P></TD></TR>
<TR>
<TD vAlign=bottom width=153>
<P style="MARGIN: 0px">United States dollars </P></TD>
<TD vAlign=bottom width=43>
<P style="MARGIN: 0px">(US$)</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>526.86</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>539.44</P></TD></TR>
<TR>
<TD vAlign=bottom width=153>
<P style="MARGIN: 0px">Argentine pesos </P></TD>
<TD vAlign=bottom width=43>
<P style="MARGIN: 0px">(AR$)</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>171.11</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>174.80</P></TD></TR>
<TR>
<TD vAlign=bottom width=153>
<P style="MARGIN: 0px">Brazilian Real </P></TD>
<TD vAlign=bottom width=43>
<P style="MARGIN: 0px">(R$)</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>273.52</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>249.24</P></TD></TR>
<TR>
<TD vAlign=bottom width=153>
<P style="MARGIN: 0px">Euro</P></TD>
<TD vAlign=bottom width=43>
<P style="MARGIN: 0px">(&#128;$)</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>713.03</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>689.91</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">g)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Marketable securities</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Marketable securities include investments in mutual funds
and investment fund shares, valued at the redemption value for each year
end.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Investments in bonds with pre-established value are
valued at the lesser value between the price value restatement cost and the
market price.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">h)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Inventories</P>
<P style="MARGIN: 0px; LINE-HEIGHT: 6pt"><BR></P>
<P style="MARGIN: 0px">The cost of raw materials includes all disbursements made
in the acquisition process and deemed necessary for them to be readily available
at the Company&#146;s or it&#146;s subsidiaries&#146; warehouse. &nbsp;The costs of finished
products include all manufacturing costs. &nbsp;Raw materials and finished
products are valued at the average weighted cost. &nbsp;Provisions are made for
obsolescence on the basis of turnover of raw materials and finished products.
&nbsp;The stated values of inventories do not exceed their estimated net
realizable value.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">i)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Allowance for doubtful accounts</P>
<P style="MARGIN: 0px; LINE-HEIGHT: 6pt"><BR></P>
<P style="MARGIN: 0px">The allowance for doubtful accounts consists of a general
provision determined on the basis of the aging of accounts receivable and on a
case-by-case analysis where collection is doubtful. &nbsp;In the opinion of the
Company&#146;s management, the allowances are reasonable and the net balances are
recoverable.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">j) </P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Property, plant and equipment</P>
<P style="MARGIN: 0px; LINE-HEIGHT: 6pt"><BR></P>
<P style="MARGIN: 0px">For companies incorporated in Chile, Property, plant and
equipment is carried at restated cost plus price-level restatements. For
companies incorporated abroad it has been restated in terms of the variation of
the U.S. dollar according to the details described in Note 2 m). Technical
reappraisal of property, plant and equipment, authorized by the SVS on December
31, 1979, is shown at restated value under the heading &#147;Technical reappraisal of
property, plant and equipment&#148;. &nbsp;</P>
<P style="MARGIN: 0px">Fixed assets to be disposed of for sale are valued at the
lower of the net realizable value and book value. Unrealized losses are
reflected in the consolidated statement of income under Other non-operating
expenses.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">k)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Depreciation </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Depreciation of property, plant and equipment is
determined by the straight-line method based on the estimated useful lives of
the valued assets. </P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">9</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">l)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Containers</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Inventories of containers, bottles and plastic containers
at plants, warehouses, and with third parties are stated at cost plus
price-level restatements and are included in Other property, plant and
equipment. &nbsp;Broken or damaged containers at plants and warehouses are
expensed in each accounting period.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">m)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Investments in related companies</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Investments in shares or rights in companies in which the
Company has a significant holding in the investee are accounted for using the
equity method. &nbsp;The Company&#146;s proportionate share of net income and losses
of related companies is recognized in the consolidated statements of income,
after eliminating any unrealized profits or losses from transactions between
related companies.</P>
<P style="MARGIN: 0px">Investments in foreign companies are valued in conformity
with Technical Bulletin No. 64 issued by t<A name=OLE_LINK1></A><A
name=OLE_LINK2></A>he Chilean Institute of Accountants. &nbsp;The United States
(&#147;US&#148;) dollar is the currency used to control investments and to translate
financial statements of foreign companies. &nbsp;Assets and liabilities from
these investments are translated into Chilean pesos at year end exchange rate,
except that non-monetary assets and liabilities and shareholders&#146; equity are
first expressed at their equivalent value in historical US dollars. &nbsp;Income
and expense items are first translated into US dollars at the average exchange
rate during the month.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">n)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Intangibles</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Intangibles include franchise rights and licenses that
are amortized over the terms of the contracts, not in excess of 20 years.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">o)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Goodwill</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Goodwill represents the difference between purchase cost
of the shares acquired and the proportional equity value of investment on the
purchase date. &nbsp;These differences are amortized based on the expected
period of return of the investment, estimated at 20 years.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">p)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Bonds payable</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Bonds payable includes the placement of Yankee Bonds on
the US markets and placement of bonds in UF in Chile, which are carried at the
issue rate. &nbsp;The difference in valuation as compared to the effective
placement rate is recorded as a deferred asset. &nbsp;This asset is amortized
using the straight-line method over the term of the respective obligations.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">q)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Income taxes and deferred income
taxes</P>
<P style="MARGIN: 0px">The companies have recognized its current tax obligations
in conformity with current legislation. &nbsp;The effects of deferred income
taxes arising from temporary differences between the basis of assets and
liabilities for tax and financial statement purposes are recorded on the basis
of the enacted tax rate that will be in effect at the estimated date of
reversal, in conformity with Technical Bulletin No. 60 issued by the Chilean
Institute of Accountants. &nbsp;The effects of deferred income taxes existing at
the time of the enforcement of the aforesaid Bulletin, i.e. January 1, 2000, and
not previously recognized, are recorded as gain or loss according to their
estimated reversal period.</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">r)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Staff severance indemnities</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The Company has recorded a liability for long-term
service indemnities in accordance with the collective agreements entered into
with its employees. &nbsp;The provision is stated at present value of the
projected cost of the benefit, which is discounted at a 7.0% annual rate and a
capitalization period using the staff&#146;s expected length of service to their
retirement date.</P>
<P style="MARGIN: 0px">Since the year 2005, the Company maintains a withholding
plan for some officers. &nbsp;A liability is recorded according to the
guidelines of this plan. &nbsp;The plan entitles certain officers of the Company
to receive a fixed payment in cash at a predetermined date once he has fulfilled
years of service. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">10</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">s)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Deposits for containers</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Corresponds to the liabilities constituted by cash
guarantees received from clients for lending bottles to them. &nbsp;</P>
<P style="MARGIN: 0px">For those loans for placement subsequent to January 31,
2001, an expiration date of five years as from the invoice date was established.
&nbsp;In the event the client has not returned all or a portion of the
containers and/or cases, the Company may, without delay, enforce the guarantee,
in whole or in part, in cash and record that effect in operating income of the
Company.</P>
<P style="MARGIN: 0px">This liability is presented in Other long-term
liabilities, considering that the number of new containers in circulation in the
market during the year is historically greater than the number of containers
returned by clients during the same period.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">t)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Revenue recognition</P>
<P style="MARGIN: 0px">Given the nature of its operations, the Company records
revenue based on the physical delivery of finished products to its clients,
based on the realization principle and in accordance with Technical Bulletin No.
70 issued by the Chilean Institute of Accountants.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">u)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Derivative contracts</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Derivative contracts include hedging derivative contracts
used to cover the risk of exposure to exchange rate differences as follows:</P>
<P style="MARGIN: 0px">These hedge instruments are recorded at their market
values for existing items. &nbsp;Unrealized losses are recognized as a charge to
income and gains are deferred and included in Other liabilities (current or
long-term), depending on whether the difference is a loss or gain. In the case
that the hedge instruments are not totally efficient, the impact is recognized
as an income charge or credit. </P>
<P style="MARGIN: 0px">Hedge contracts for forecasted transactions are recorded
at market value and their changes in value are accounted for as unrealized gains
or losses. &nbsp;Upon contract expiration, the deferred gains and losses are
recorded in income.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">v)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Computer software</P>
<P style="MARGIN: 0px">Software currently in use corresponds to computer
packages purchased from third parties, and programs developed internally.
&nbsp;Software purchased from third parties is capitalized and amortized over a
maximum period of four years. &nbsp;Disbursements incurred for internally
developed programs are expensed.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">w)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Research and development costs</P>
<P style="MARGIN: 0px">Costs incurred by the Company in research and development
are immaterial given the nature of the business and the strong support from The
Coca-Cola Company to its bottlers. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">x)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Consolidated statement of cash
flows</P>
<P style="MARGIN: 0px">For purposes of preparation of the statement of cash
flows, in accordance with Technical Bulletin N&#176;50 of the Chilean Institute of
Accountants and circular N&#176;1,501 of the Superintendencia de Valores y Seguros
(<I>Chilean Superintendence of Securities and Insurance</I>) the Company has
considered cash equivalent to be investments in fixed-income, mutual funds, time
deposits and operations with sale-back agreements maturing within 90 days.</P>
<P style="MARGIN: 0px">Cash flows from operating activities include all
business-related cash flows as well as interest paid, financial income and, in
general, all cash flows not defined as from financial or investment activities.
The operating concept used for this statement is broader than that in the
statement of income.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 3 - ACCOUNTING CHANGES</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">There are no changes in the application of generally
accepted accounting principles in Chile in relation to the previous year that
could significantly affect the comparability of these financial statements. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">11</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 4 - MARKETABLE SECURITIES</P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=255></TD>
<TD width=61></TD>
<TD width=61></TD>
<TD width=64></TD>
<TD width=58></TD>
<TD width=36></TD>
<TD width=78></TD>
<TD width=56></TD></TR>
<TR>
<TD width=255>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Type of
Instrument </B></P></TD>
<TD vAlign=top width=122 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Accounting
value for the periods ended June 30,</B></P></TD>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P>&nbsp;</P></TD>
<TD vAlign=top width=61>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>2007</B></P></TD>
<TD vAlign=top width=61>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>2006</B></P></TD>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P>&nbsp;</P></TD>
<TD vAlign=top width=61>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>ThCh$</B></P></TD>
<TD vAlign=top width=61>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>ThCh$</B></P></TD>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;Bonds
</P></TD>
<TD vAlign=bottom width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>2,181,727</P></TD>
<TD vAlign=bottom width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>4,635,594</P></TD>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;Mutual
funds </P></TD>
<TD vAlign=bottom width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>2,270,088</P></TD>
<TD vAlign=bottom width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7,003,951</P></TD>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;Investment
funds </P></TD>
<TD vAlign=bottom width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>22,466,243</P></TD>
<TD vAlign=bottom width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>13,056,451</P></TD>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;Total
Marketable Securities </B></P></TD>
<TD vAlign=bottom width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>26,918,058</B></P></TD>
<TD vAlign=bottom width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>24,695,996</B></P></TD>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P>&nbsp;</P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;Fixed
Income </B></P></TD>
<TD vAlign=top width=122 colSpan=2>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Date</B></P></TD>
<TD width=64 rowSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;Par
&nbsp;Value </B></P></TD>
<TD vAlign=bottom width=95 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Accounting
value</B></P></TD>
<TD width=78 rowSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Market
Value</B></P></TD>
<TD width=56 rowSpan=2>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Provision</B></P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P>&nbsp;</P></TD>
<TD vAlign=top width=61>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Purchase</B></P></TD>
<TD vAlign=top width=61>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Maturity</B></P></TD>
<TD vAlign=bottom width=58>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Amount</B></P></TD>
<TD vAlign=bottom width=36>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Rate</B></P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P>&nbsp;</P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=58>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>%</B></P></TD>
<TD vAlign=bottom width=78>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=56>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P>&nbsp;</P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=top width=58>
<P>&nbsp;</P></TD>
<TD vAlign=top width=36>
<P>&nbsp;</P></TD>
<TD vAlign=top width=78>
<P>&nbsp;</P></TD>
<TD vAlign=top width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">UNITED STATES
TREASURY NOTES</P></TD>
<TD vAlign=top width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">26-Jul-06</P></TD>
<TD vAlign=top width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">30-Jun-08</P></TD>
<TD vAlign=top width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">1,098,665
</P></TD>
<TD vAlign=top width=58>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">1,098,665
</P></TD>
<TD vAlign=top width=36>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">5.125</P></TD>
<TD vAlign=top width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">1,094,815
</P></TD>
<TD vAlign=top width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">3,850 </P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">PEMEX</P></TD>
<TD vAlign=top width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">13-Sep-04</P></TD>
<TD vAlign=top width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">15-Sep-07</P></TD>
<TD vAlign=top width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">1,053,720
</P></TD>
<TD vAlign=top width=58>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">1,091,237
</P></TD>
<TD vAlign=top width=36>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">8.850</P></TD>
<TD vAlign=top width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">1,086,912
</P></TD>
<TD vAlign=top width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">4,325 </P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P>&nbsp;</P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=top width=58>
<P>&nbsp;</P></TD>
<TD vAlign=top width=36>
<P>&nbsp;</P></TD>
<TD vAlign=top width=78>
<P>&nbsp;</P></TD>
<TD vAlign=top width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P>&nbsp;</P></TD>
<TD width=61>
<P>&nbsp;</P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P>&nbsp;</P></TD>
<TD width=61>
<P>&nbsp;</P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;Mutual
Funds </B></P></TD>
<TD width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;Balance
as of &nbsp;June 30, 2007 </B></P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P>&nbsp;</P></TD>
<TD vAlign=top width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;ThCh$
</B></P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=255>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Fondos Fima -
Argentina</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">1,397,088</P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=255>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Scotia Sud
Americano Fondo Mutuo Clipper - Chile</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">845,000</P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=255>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Fondos Mutuos
BBVA Excelencia - Chile</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">28,000</P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=255>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; TEXT-INDENT: 10px; LINE-HEIGHT: 10pt"><B>Total
Mutual Funds</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" width=61>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>2,270,088</B></P></TD>
<TD vAlign=bottom width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=255>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;Investment
Funds </B></P></TD>
<TD width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;Balance
as of &nbsp;June 30, 2007 </B></P></TD>
<TD vAlign=bottom width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=255>
<P>&nbsp;</P></TD>
<TD vAlign=top width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;ThCh$
</B></P></TD>
<TD vAlign=bottom width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=255>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Citi
Institutional Liquid Reserves Limited - USA</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=61>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">22,462,429</P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=255>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Fondo Mutuo
&nbsp;Wachovia Securities - USA</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=61>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">3,814</P></TD>
<TD vAlign=top width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=255>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; TEXT-INDENT: 10px; LINE-HEIGHT: 10pt"><B>Total
Investment Funds</B></P></TD>
<TD vAlign=top width=61>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>22,466,243</B></P></TD>
<TD vAlign=bottom width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">12</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 5 - SHORT-AND LONG-TERM RECEIVABLES</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Almost all of said accounts correspond to the soft drinks
category. &nbsp;The balance of other accounts receivable mainly corresponds to
prepayment to our sugar suppliers. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=93></TD>
<TD width=64></TD>
<TD width=64></TD>
<TD width=64></TD>
<TD width=63></TD>
<TD width=0.533></TD>
<TD width=64></TD>
<TD width=64></TD>
<TD width=64></TD>
<TD width=24></TD>
<TD width=39></TD>
<TD width=64></TD></TR>
<TR>
<TD vAlign=bottom width=93>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128 colSpan=2>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Current</B></P></TD>
<TD vAlign=bottom width=127 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>More than 90 days</B></P></TD>
<TD vAlign=bottom width=217 colSpan=5>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Long
Term</B></P></TD>
<TD vAlign=bottom width=103 colSpan=2>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=93>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=128 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;Up to 90 days </B></P></TD>
<TD vAlign=bottom width=127 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>up to 1 year </B></P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Subtotal
</B></P></TD>
<TD vAlign=bottom width=152 colSpan=3>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Total Current (net) </B></P></TD>
<TD vAlign=bottom width=103 colSpan=2>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=93>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;June 30, 2007 </B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;June 30, 2006 </B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;June 30, 2007 </B></P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;June 30, <BR>2006 </B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;June 30, 2007 </B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;June 30, <BR>2007 </B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;June 30, 2006 </B></P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;June 30, 2007 </B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;June 30, 2006 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=93>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$ </B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;ThCh$ </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=93>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Trade
receivables</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>23,348,652</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>21,351,512</P></TD>
<TD vAlign=bottom width=64>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; TEXT-INDENT: 8px; LINE-HEIGHT: 10pt">824,061</P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; TEXT-INDENT: 7px; LINE-HEIGHT: 10pt">1,259,385</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>24,172,713</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>23,065,362</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>21,267,924</P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=93>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Allowance for
doubtful accounts</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px"><BR></P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P style="MARGIN: 0px"><BR></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>(1,107,351)</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=93>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Notes
receivable</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7,206,774</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>5,867,267</P></TD>
<TD vAlign=bottom width=64>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; TEXT-INDENT: 8px; LINE-HEIGHT: 10pt">409,764</P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; TEXT-INDENT: 15px; LINE-HEIGHT: 10pt">391,758</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7,616,538</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7,161,199</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>5,700,671</P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>48,298</P></TD></TR>
<TR>
<TD vAlign=bottom width=93>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Allowance for
doubtful accounts</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px"><BR></P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P style="MARGIN: 0px"><BR></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>(455,339)</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=93>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Other
receivables</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7,321,880</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>15,713,974</P></TD>
<TD vAlign=bottom width=64>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; TEXT-INDENT: 8px; LINE-HEIGHT: 10pt">432,888</P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; TEXT-INDENT: 15px; LINE-HEIGHT: 10pt">515,095</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7,754,768</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7,715,557</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>16,142,810</P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>64,991</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>81,181</P></TD></TR>
<TR>
<TD vAlign=bottom width=93>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Allowance for
doubtful accounts</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px"><BR></P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P style="MARGIN: 0px"><BR></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>(39,211)</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=93>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px"><BR></P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P style="MARGIN: 0px"><BR></P></TD>
<TD vAlign=bottom width=192 colSpan=3>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>Total long term receivables</B></P></TD>
<TD vAlign=bottom width=64 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>64,991</B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>129,479</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A5:J15></A>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>13</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
</DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 6 - BALANCES AND TRANSACTIONS WITH RELATED
COMPANIES</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Receivable and payable balances with related companies
correspond to the following concepts: </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">1) &nbsp;Notes and accounts receivable.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px; TEXT-INDENT: -18px">Embonor S.A.:
Sale of products</P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px; TEXT-INDENT: -18px">Embotelladora
Coca-Cola Polar S.A.: Sale of products</P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px; TEXT-INDENT: -18px">Coca-Cola de
Chile S.A.: Advertising agreements </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A2:E8></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=283></TD>
<TD width=97></TD>
<TD width=97></TD>
<TD width=97></TD>
<TD width=97></TD></TR>
<TR>
<TD width=283>
<P style="MARGIN: 0px"><B>Company </B></P></TD>
<TD width=195 colSpan=2>
<P style="MARGIN: 0px"><B>&nbsp;Short Term </B></P></TD>
<TD width=195 colSpan=2>
<P style="MARGIN: 0px"><B>&nbsp;Long Term </B></P></TD></TR>
<TR>
<TD width=283>
<P>&nbsp;</P></TD>
<TD width=97>
<P style="MARGIN: 0px"><B>&nbsp;June 30, 2007 </B></P></TD>
<TD width=97>
<P style="MARGIN: 0px"><B>&nbsp;June 30, 2006 </B></P></TD>
<TD width=97>
<P style="MARGIN: 0px"><B>&nbsp;June 30, 2007 </B></P></TD>
<TD width=97>
<P style="MARGIN: 0px"><B>&nbsp;June 30, 2006 </B></P></TD></TR>
<TR>
<TD width=283>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=283>
<P style="MARGIN: 0px">EMBONOR S.A.</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>478,185</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>305,035</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=283>
<P style="MARGIN: 0px">EMBOTELLADORA COCA-COLA POLAR S.A.</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>449,655</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>352,484</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=283>
<P style="MARGIN: 0px">COCA-COLA DE CHILE S.A.</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>459,645</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>36,176</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>35,492</P></TD></TR>
<TR>
<TD vAlign=top width=283>
<P style="MARGIN: 0px"><B>TOTAL </B></P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right><B>927,840</B></P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right><B>1,117,164</B></P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right><B>36,176</B></P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right><B>35,492</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">2) Notes and accounts payable: </P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px; TEXT-INDENT: -18px">Recofarma
Industrias Do Amazonas Ltda.: &nbsp;Concentrate purchases</P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px; TEXT-INDENT: -18px">Envases CMF S.A.:
&nbsp;Raw material purchases</P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px; TEXT-INDENT: -18px">Servicios y
Productos para Bebidas Refrescantes: Concentrate purchases </P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px; TEXT-INDENT: -18px">Envases Central
S.A.: Net balance corresponds to raw materials and finished products
transactions. </P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px; TEXT-INDENT: -18px">Envases del
Pac&#237;fico S.A.: Raw material purchases </P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px; TEXT-INDENT: -18px">Cican S.A.:
&nbsp;Net balance corresponds to raw materials and finished products
transactions.</P>
<P style="MARGIN: 0px">Embonor S.A. and Embotelladora Coca-Cola Polar S.A.:
&nbsp;Corresponds to unearned income due to commitments of sale of products of
Vital S.A. to those companies, which will be realized in accordance with future
deliveries. </P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=318></TD>
<TD width=90></TD>
<TD width=90></TD>
<TD width=90></TD>
<TD width=90></TD></TR>
<TR>
<TD width=318>
<P style="MARGIN: 0px"><B>Company </B></P></TD>
<TD width=180 colSpan=2>
<P style="MARGIN: 0px"><B>&nbsp;Short Term </B></P></TD>
<TD width=180 colSpan=2>
<P style="MARGIN: 0px"><B>&nbsp;Long Term </B></P></TD></TR>
<TR>
<TD width=318>
<P>&nbsp;</P></TD>
<TD width=90>
<P style="MARGIN: 0px"><B>&nbsp;June 30, 2007 </B></P></TD>
<TD width=90>
<P style="MARGIN: 0px"><B>&nbsp;June 30, 2006 </B></P></TD>
<TD width=90>
<P style="MARGIN: 0px"><B>&nbsp;June 30, 2007 </B></P></TD>
<TD width=90>
<P style="MARGIN: 0px"><B>&nbsp;June 30, 2006 </B></P></TD></TR>
<TR>
<TD width=318>
<P>&nbsp;</P></TD>
<TD width=90>
<P style="MARGIN: 0px"><B>&nbsp;ThCh$ </B></P></TD>
<TD width=90>
<P style="MARGIN: 0px"><B>&nbsp;ThCh$ </B></P></TD>
<TD width=90>
<P style="MARGIN: 0px"><B>&nbsp;ThCh$ </B></P></TD>
<TD width=90>
<P style="MARGIN: 0px"><B>&nbsp;ThCh$ </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=318>
<P style="MARGIN: 0px">RECOFARMA INDUSTRIAS DO AMAZONAS LTDA.</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>1,485,606</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>2,199,094</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=318>
<P style="MARGIN: 0px">SPBR S.R.L.</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>1,247,443</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>1,491,729</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=318>
<P style="MARGIN: 0px">ENVASES CMF S.A.</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>632,666</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>2,137,066</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=318>
<P style="MARGIN: 0px">ENVASES CENTRAL S.A.</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>228,398</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>847,573</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=318>
<P style="MARGIN: 0px">COCA-COLA DE CHILE S.A.</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>167,307</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=318>
<P style="MARGIN: 0px">CICAN S.A.</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>112,008</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>151,745</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=318>
<P style="MARGIN: 0px">ENVASES DEL PACIFICO S.A.</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>16,232</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>206,521</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=318>
<P style="MARGIN: 0px">EMBONOR S.A.</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>2,708,746</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>3,032,939</P></TD></TR>
<TR>
<TD vAlign=bottom width=318>
<P style="MARGIN: 0px">EMBOTELLADORA COCA COLA POLAR S.A.</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>695,235</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>775,537</P></TD></TR>
<TR>
<TD vAlign=bottom width=318>
<P style="MARGIN: 0px"><B>TOTAL</B></P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right><B>3,889,660</B></P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right><B>7,033,728</B></P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right><B>3,403,981</B></P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px"
align=right><B>3,808,476</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>14</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px">3) Transactions with related companies </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The following table includes the transactions with
related companies that exceed ThCh$200,000. </P>
<P style="MARGIN: 0px">Within the due course of operations, the Company executed
with IANSAGRO S.A. &nbsp;sugar future supply agreements to cover sugar needs for
the next two years approximately.</P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:G26></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=230></TD>
<TD width=76></TD>
<TD width=121></TD>
<TD width=55></TD>
<TD width=67></TD>
<TD width=56></TD>
<TD width=67></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Company
</B></P></TD>
<TD vAlign=bottom width=76>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; TEXT-INDENT: 8px; LINE-HEIGHT: 8pt"><B>&nbsp;Relation
</B></P></TD>
<TD vAlign=bottom width=121>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;Transaction
</B></P></TD>
<TD vAlign=bottom width=123 colSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;June 30,
2007 </B></P></TD>
<TD vAlign=bottom width=123 colSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;June 30,
2006 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=121>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=123 colSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;Effect
on Income </B></P></TD>
<TD vAlign=bottom width=123 colSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;Effect
on Income </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=121>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;Amount
</B></P></TD>
<TD vAlign=bottom width=67>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;((charge)/credit)
</B></P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;Amount
</B></P></TD>
<TD vAlign=bottom width=67>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;((charge)/credit)
</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=121>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>ThCh$</P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>ThCh$</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>ThCh$</P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>ThCh$</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">ENVASES CENTRAL
S.A</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;Equity
Investee </P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;Purchase of
finished products </P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>7,508,259 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>7,066,919 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;Sale of raw
materials and supplies </P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>762,807 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>53,160 </P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>541,021 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>83,329 </P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">COCA-COLA DE
CHILE S.A.</P></TD>
<TD vAlign=bottom width=76>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Shareholder</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;Purchase of
concentrate </P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>22,636,728 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>18,780,955 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;Advertising
participation payment </P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,930,819 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(2,930,819)</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>648,472 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(648,472)</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;Sale of
advertisement </P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,075,421 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>627,767 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;Water
source rental </P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>811,381 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(811,381)</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>795,099 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(795,099)</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">COCA-COLA DE
ARGENTINA S.A.</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Shareholder
related</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;Advertising
participation payment </P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,103,598 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(1,103,598)</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,223,553 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(1,223,553)</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">SERVICIOS Y
PRODUCTOS PARA BEBIDAS REFRESCANTES</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Shareholder
related</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;Purchase of
concentrate </P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>12,783,408 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>10,553,085 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">CICAN S.A.</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Equity
Investee</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;Purchase of
finished products </P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>742,986 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>407,316 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;Sale of raw
materials </P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>179,699 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>50,531 </P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">ENVASES DEL
PACIFICO</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Director in
Common</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Purchase of raw
materials</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>52,230 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>334,001 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">RECOFARMA
INDUSTRIAS DO AMAZONAS LTDA.</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Shareholder
related</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Purchase of
concentrate</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>28,398,396 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>20,452,865 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Advertising
participation payment</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,381,277 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,381,277 </P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,644,870 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(1,644,870)</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">ENVASES CMF
S.A.</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Equity
Investee</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Purchase of
containers</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>7,197,040 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>7,093,991 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Services
rendered</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>114,378 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Dividend
payment</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,045,024 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,508,083 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">EMBONOR
S.A.</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Shareholder
related</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Sale of finished
products</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,814,101 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>774,945 </P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,586,149 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Purchase of
finished products</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>194,539 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Purchase of fixed
asset</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>1,091
</P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">EMBOTELLADORA
COCA COLA POLAR S.A.</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Shareholder
related</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Sale of finished
products</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,259,407 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>404,747 </P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,144,902 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">IANSAGRO
S.A.</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Director in
common</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Purchases of
sugar</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>6,422,561 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,494,951 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">BBVA
ADMINISTRADORA GENERAL DE FONDOS</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Related to a
director</P></TD>
<TD vAlign=bottom width=121>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Redemption of
mutual funds</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>44,610,441 </P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>0
</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>15</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 7 &#150; INVENTORIES</P>
<P style="MARGIN: 0px" align=center><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=147></TD>
<TD width=77></TD>
<TD width=98></TD>
<TD width=77></TD>
<TD width=20></TD>
<TD width=77></TD>
<TD width=98></TD>
<TD width=77></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=253 colSpan=3>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=253 colSpan=3>
<P style="MARGIN: 0px" align=center><B>June 30, 2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right><B>Gross </B></P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right><B>Obsolescence </B></P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right><B>Net</B></P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right><B>Gross </B></P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right><B>Obsolescence </B></P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right><B>Net</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right><B>value</B></P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right><B>provision</B></P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right><B>Value</B></P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right><B>value</B></P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right><B>provision</B></P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right><B>Value</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=77>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=77>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=77>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=77>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P style="MARGIN: 0px">Raw materials</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>11,627,438 </P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>(165,321)</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>11,462,117 </P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>9,721,031 </P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>(50,778)</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>9,670,253 </P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P style="MARGIN: 0px">Finished products</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>10,362,516 </P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>(405,572)</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>9,956,944 </P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>8,934,835 </P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>(353,561)</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>8,581,274 </P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P style="MARGIN: 0px">Products in process</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>1,200,182 </P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>0 </P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>1,200,182 </P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>1,432,608 </P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>0 </P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>1,432,608 </P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P style="MARGIN: 0px">Raw materials in transit</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>645,371 </P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>(3,592)</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>641,779 </P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>1,693,284 </P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>(54,214)</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>1,639,070 </P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P style="MARGIN: 0px"><B>Total</B></P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right><B>23,835,507 </B></P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right><B>(574,485)</B></P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right><B>23,261,022 </B></P></TD>
<TD vAlign=bottom width=20>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right><B>21,781,758 </B></P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right><B>(458,553)</B></P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right><B>21,323,205
</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!B1:H10></A><A
name=RANGE!B1:I10></A><A name=RANGE!B1:I11></A>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">16</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px">NOTE 8 - INCOME TAXES AND DEFERRED INCOME TAXES</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 47px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -47px">a)</P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px">At period end 2007 and 2006, the
Company did no present taxable profit or non-taxable profit funds.
&nbsp;Short-term and long-term assets and liabilities must be netted out to
compose the general balance sheet on deferred taxes.</P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:I25></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=204></TD>
<TD width=59></TD>
<TD width=57></TD>
<TD width=59></TD>
<TD width=59></TD>
<TD width=59></TD>
<TD width=64></TD>
<TD width=59></TD>
<TD width=59></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=235 colSpan=4>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>June 30, 2007</B></P></TD>
<TD vAlign=bottom width=242 colSpan=4>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>June 30, 2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=117 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Assets</B></P></TD>
<TD vAlign=bottom width=118 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Liabilities</B></P></TD>
<TD vAlign=bottom width=123 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Assets</B></P></TD>
<TD vAlign=bottom width=118 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Liabilities</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Short term</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Long term</B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Short term</B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Long term</B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Short term</B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Long term</B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Short term</B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Long term</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Temporary
Differences</B></P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Allowance for
doubtful accounts</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>261,252</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>35,265</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>307,296</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>35,628</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Vacation
provision</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>137,697</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>140,634</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Production
expenses</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>2,953</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>14,829</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Depreciation of
property, plant &amp; equipment</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>2,741</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>107,845</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>3,616,183</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>111,373</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>4,076,115</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Severance
indemnities</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>66,565</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>32,128</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>206,777</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>173</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>47,396</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>328,408</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Provision for
assets write off</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>350,349</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>750,318</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>266,384</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1,502,410</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Provision for
labor lawsuits</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1,244,608</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>5,478,396</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Tax loss
carry-forwards</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>3,172,723</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>3,854,747</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1,103,770</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7,553,283</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Guarantee
deposit</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1,000,000</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>2,707,333</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Others</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>897,514</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>790,267</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>10,628</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>870,177</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>698,174</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>84,889</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Local bond issue
expenses</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>146,969</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>228,179</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Contingency
allowance</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>238,940</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>2,056,182</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Social
contributions</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>397,357</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>2,271,479</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Accrued
interests abroad</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>4,235,065</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>3,809,455</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Exchange rate
difference</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>11,209,260</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Others</B></P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Complementary
accounts, net of amortization</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>(2,205,321)</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>(4,585,739)</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>(3,000,031)</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Valuation
allowance</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>(10,406,365)</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=204>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Total</B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>4,891,794</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>6,914,145</B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>4,385,666</B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>13,973,868</B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>3,100,447</B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>4,603,621</B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>3,968,224</B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>4,424,893</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">17</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">b)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">The following table contains
information on deferred income taxes at each period-end.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:I26></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=457></TD>
<TD width=84></TD>
<TD width=84></TD></TR>
<TR>
<TD width=457>
<P>&nbsp;</P></TD>
<TD width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;June
30, 2007 </B></P></TD>
<TD width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;June
30, 2007 </B></P></TD></TR>
<TR>
<TD width=457>
<P>&nbsp;</P></TD>
<TD width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;ThCh$
</B></P></TD>
<TD width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;ThCh$
</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=457>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Current tax
expense (tax allowance)</P></TD>
<TD vAlign=top width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>(6,999,950)</P></TD>
<TD vAlign=top width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>(5,339,230)</P></TD></TR>
<TR>
<TD vAlign=bottom width=457>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Tax expense
adjustment (previous period)</P></TD>
<TD vAlign=top width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>99,149 </P></TD>
<TD vAlign=top width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>(169,315)</P></TD></TR>
<TR>
<TD vAlign=bottom width=457>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Deferred income
tax expense/effect over assets or liabilities</P></TD>
<TD vAlign=top width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>(2,731,053)</P></TD>
<TD vAlign=top width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>(1,608,190)</P></TD></TR>
<TR>
<TD vAlign=bottom width=457>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Amortization of
deferred income tax asset and liability complementary accounts</P></TD>
<TD vAlign=top width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>(194,229)</P></TD>
<TD vAlign=top width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>(574,524)</P></TD></TR>
<TR>
<TD vAlign=bottom width=457>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Deferred income
tax expense/effect over assets or liabilities due to changes in the
valuation allowance </P></TD>
<TD vAlign=top width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt" align=right>0
</P></TD>
<TD vAlign=top width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1,233,444 </P></TD></TR>
<TR>
<TD vAlign=bottom width=457>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Other charges or
credits</P></TD>
<TD vAlign=top width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>202,193 </P></TD>
<TD vAlign=top width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>105,178 </P></TD></TR>
<TR>
<TD vAlign=bottom width=457>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Total
</B></P></TD>
<TD vAlign=bottom width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>(9,623,890)</B></P></TD>
<TD vAlign=bottom width=84>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>(6,352,637)</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">18</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:I27></A>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:C9></A><A
name=RANGE!A1:C10></A><A name=RANGE!A4:C12></A><A name=RANGE!A4:C13></A>
<P style="MARGIN: 0px">NOTE 9 - SHORT AND LONG-TERM LEASING AGREEMENTS AND
LEASING ASSETS</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Not applicable.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 10 - OTHER CURRENT ASSETS</P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=310></TD>
<TD width=110></TD>
<TD width=110></TD></TR>
<TR>
<TD vAlign=bottom width=310>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=center><B>June 30, 2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=310>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=310>
<P style="MARGIN: 0px">Cross currency swap effects</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>19,755,471 </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>1,490,856 </P></TD></TR>
<TR>
<TD vAlign=bottom width=310>
<P style="MARGIN: 0px">Supplies</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>3,609,342 </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>5,204,762 </P></TD></TR>
<TR>
<TD vAlign=bottom width=310>
<P style="MARGIN: 0px">Accrued interest on long-term bonds</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>980,586 </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>1,613,017 </P></TD></TR>
<TR>
<TD vAlign=bottom width=310>
<P style="MARGIN: 0px">Bond placement expenses and par value
difference</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>360,586 </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>387,785 </P></TD></TR>
<TR>
<TD vAlign=bottom width=310>
<P style="MARGIN: 0px">Wachovia Investment Fund (restricted)</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>273,407 </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>0 </P></TD></TR>
<TR>
<TD vAlign=bottom width=310>
<P style="MARGIN: 0px">Others</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>284,196 </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>261,047 </P></TD></TR>
<TR>
<TD vAlign=bottom width=310>
<P style="MARGIN: 0px"><B>Total</B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right><B>25,263,588 </B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right><B>8,957,467
</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A10:C19></A>
<P style="MARGIN: 0px">NOTE 11 - REPURCHASE / RESALE AGREEMENTS</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The Company had no agreements of this type.</P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">19</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px">NOTE 12 - PROPERTY, PLANT AND EQUIPMENT</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Property, plant and equipment consist principally of
land, buildings, improvements and machinery. Machinery and equipment included
production lines and supporting equipment; sugar processing and liquefaction
equipment; transportation machinery; and computer equipment. &nbsp;The Company
has purchased insurance to cover its fixed assets and inventories. &nbsp;These
assets are geographically distributed as follows:</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">Chile</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">: </P>
<P style="MARGIN: 0px; TEXT-INDENT: 141px">Santiago, Renca, Rancagua, San
Antonio and Rengo</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">Argentina</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">: </P>
<P style="MARGIN: 0px; TEXT-INDENT: 141px">Buenos Aires, Mendoza, Cordoba, and
Rosario</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">Brazil</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">: </P>
<P style="MARGIN: 0px; TEXT-INDENT: 141px">Rio de Janeiro, Niteroi, Campos, Cabo
Fr&#237;o, Nova Igua&#231;u, Espirito Santo and Vitoria.</P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:G35></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=223></TD>
<TD width=78></TD>
<TD width=80></TD>
<TD width=69></TD>
<TD width=69></TD>
<TD width=83></TD>
<TD width=69></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>a) Main
Components of Property Plant &amp; Equipment</B></P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=227 colSpan=3>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Balances at June 30, 2007</B></P></TD>
<TD vAlign=bottom width=222 colSpan=3>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Balances at June 30, 2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Assets</B></P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Accumulated Depreciation</B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Net property, plant &amp; equipment</B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Assets</B></P></TD>
<TD vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Accumulated Depreciation</B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Net property, plant &amp; equipment</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Land</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>16,430,796</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>16,430,796</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>13,407,281</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>13,407,281</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Buildings and
improvements</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>89,154,266</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(34,941,417)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>54,212,849</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>83,741,263</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(32,938,479)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>50,802,784</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Machinery and
equipment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>218,501,783</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(176,734,524)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>41,767,259</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>221,813,286</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(173,542,680)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>48,270,606</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Other property,
plant and equipment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>216,983,428</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(182,016,976)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>34,966,452</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>212,054,094</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(180,566,296)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>31,487,798</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Technical
reappraisal of property, plant &amp; equipment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,095,208</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(635,788)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,459,420</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,095,144</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(634,441)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,460,703</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Total</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>543,165,481</B></P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>(394,328,705)</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>148,836,776</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>533,111,068</B></P></TD>
<TD vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>(387,681,896)</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>145,429,172</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>b) Other fixed
assets</B></P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=158 colSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Balances at
June 30,</B></P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>2007</B></P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>2006</B></P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Containers</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">123,881,602
&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">116,379,584
&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Refrigerating
equipment, promotional items and other minor assets</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">58,092,901
&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">57,886,336
&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Furniture and
tools</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">7,756,236
&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">4,052,480
&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Other</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">27,252,689
&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">33,735,694
&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Total other
property, plant and equipment</B></P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>216,983,428
&nbsp;</B></P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>212,054,094
&nbsp;</B></P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">20</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=223></TD>
<TD width=78></TD>
<TD width=80></TD>
<TD width=69></TD>
<TD width=69></TD>
<TD width=83></TD>
<TD width=69></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>c) Technical
Reappraisal</B></P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=227 colSpan=3>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Balances at June 30, 2007</B></P></TD>
<TD vAlign=bottom width=222 colSpan=3>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Balances at June 30, 2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Assets</B></P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Accumulated Depreciation</B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Net property, plant &amp; equipment</B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Assets</B></P></TD>
<TD vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Accumulated Depreciation</B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Net property, plant &amp; equipment</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Land</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,399,255</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,399,255</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,399,148</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,399,148</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Buildings and
improvements</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>195,895</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(139,275)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>56,620</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>195,880</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(134,629)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>61,251</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Machinery and
equipment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>500,058</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(496,513)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,545</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>500,116</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(499,812)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>304</P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Total</B></P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>2,095,208 </B></P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>(635,788)</B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>1,459,420 </B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>2,095,144 </B></P></TD>
<TD vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>(634,441)</B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>1,460,703 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=223>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>d)
Depreciation for the period </B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=223>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=80>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=673 colSpan=7>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Depreciation
charges for the period amounted to ThCh$ 14,552,514 (ThCh$15,574,241 in
2006) of which ThCh$ 10,864,382 (ThCh$11,370,525 in 2006) are included
under Operating Costs and</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=381 colSpan=3>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">ThCh$ 3,658,132
(ThCh$ 4,203,716 in 2006) under Sales and Administrative Expenses in the
income statement.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=83>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">21</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 13 - SALES TRANSACTIONS UNDER LEASEBACK
AGREEMENTS</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The Company had no agreements of this type.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 14 - INVESTMENT IN RELATED COMPANIES</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 47px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -47px">1.</P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px">Investments in related companies and
the corresponding direct shareholding in equity, as well as the recognition of
unrealized income at year end of the respective years, are shown in the table
attached.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px; TEXT-INDENT: 47px">The main changes occurred in the
reported periods are described below:</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px; TEXT-INDENT: -1px">By a public deed
dated June 5, 2006, the company Andina Inversiones Societarias S.A. was divided,
creating a new company, &#147;Andina Inversiones Societarias Dos S.A.&#148;. with the same
shareholders and the same ownership interest as in the first one, with a capital
of ThCh$24,405,291 and that corresponds to the investment in Envases Multipack
Ltda. &nbsp;The financial impact of this division is recorded beginning January
1, 2006. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px">By a public deed dated August 31,
2006 Andina Inversiones Societarias Dos S.A. changed its corporate name to
Andina Inversiones Societarias Dos Ltda. (thus becoming a limited responsibility
corporation).</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px">On November 15, 2006 Embotelladora
Andina S.A. acquired 0.0001% of the social rights of Andina Inversiones
Societarias Dos Ltda., consequently the company has been completely merged into
Embotelladora Andina since 100% ownership interest is now held by Embotelladora
Andina. &nbsp;Likewise, Envases Multipack Ltda. is now fully merged into
Embotelladora Andina since it originally held 5% and Andina Inversiones
Societarias Dos Ltda. held the remaining 95%. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px; TEXT-INDENT: 47px">Centralli Refrigerantes S.A. records a
negative equity, which has been provisioned accordingly. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px">The investments in Kaik Partipacoes
Ltda. (Brazil) and in Cican S.A. (Argentina), where Embotelladora Andina S.A.
holds an indirect ownership of 11.32% and 15.2% respectively, have been valued
according to the equity method, because we have presence in both companies
through a Director, who participates in the procedures for setting policies,
operating and financial decisions in accordance with the ownership structure of
both companies, which are exclusively owned by Coca-Cola bottlers in Brazil and
Argentina, respectively.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px">The investment in Envases Central
S.A. is presented with a 48% reduction (the percentage share on the date of
transaction) of the earnings generated during the sale to Envases Central during
December 1996 for property located in Renca, because this transaction represents
unrealized income for Embotelladora Andina S.A. &nbsp;The amount of the
reduction is reflected in the following chart. &nbsp;This transaction will be
realized once the property is transferred to a third party different from the
group.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px">The investment in Envases CMF S.A. is
presented with a 50% reduction of the earnings generated during the sale of
machinery and equipment of our subsidiary Envases Multipack S.A. which took
place in June, 2001, and will be recorded under Results during the remaining
useful life period of the goods sold to Envases CMF S.A. &nbsp;</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px">Unrealized income corresponds to
transactions between subsidiaries and/or the parent company that have been
deducted or added to the category of the originating asset with the following
effect on income of the subsidiaries: </P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0 align=center>
<TR style="FONT-SIZE: 0px">
<TD width=122></TD>
<TD width=167></TD>
<TD width=61></TD>
<TD width=61></TD></TR>
<TR>
<TD vAlign=bottom width=122>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=167>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=123 colSpan=2>
<P style="MARGIN: 0px"><B>June 30, </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=122>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=167>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=61>
<P style="MARGIN: 0px"><B>2007</B></P></TD>
<TD vAlign=bottom width=61>
<P style="MARGIN: 0px"><B>2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=122>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=167>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=61>
<P style="MARGIN: 0px"><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=61>
<P style="MARGIN: 0px"><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=122>
<P style="MARGIN: 0px">Envases CMF S.A. </P></TD>
<TD vAlign=bottom width=167>
<P style="MARGIN: 0px">Purchase of containers</P></TD>
<TD vAlign=bottom width=61>
<P style="MARGIN: 0px">(442,202)</P></TD>
<TD vAlign=bottom width=61>
<P style="MARGIN: 0px">(435,127)</P></TD></TR>
<TR>
<TD vAlign=bottom width=122>
<P style="MARGIN: 0px">Envases Central S.A.</P></TD>
<TD vAlign=bottom width=167>
<P style="MARGIN: 0px">Purchase of finished products</P></TD>
<TD vAlign=bottom width=61>
<P style="MARGIN: 0px">(2,467)</P></TD>
<TD vAlign=bottom width=61>
<P style="MARGIN: 0px">(4,863)</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">2.</P>
<P style="MARGIN: 0px; TEXT-INDENT: 47px">No liabilities have been designated as
hedging instruments for investments abroad.</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">3.</P>
<P style="MARGIN: 0px; TEXT-INDENT: 47px">Income likely to be remitted by
subsidiaries abroad amounts to US$225 million. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">22</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px">The following table presents a detail of the investments
in related companies and the related direct participation in equity and
unrealized results at each period end.</P><A name=RANGE!A3:S10></A>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A3:R10></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=54></TD>
<TD width=36></TD>
<TD width=40></TD>
<TD width=39></TD>
<TD width=33></TD>
<TD width=33></TD>
<TD width=39></TD>
<TD width=39></TD>
<TD width=36></TD>
<TD width=36></TD>
<TD width=35></TD>
<TD width=31></TD>
<TD width=39></TD>
<TD width=39></TD>
<TD width=40></TD>
<TD width=40></TD>
<TD width=39></TD>
<TD width=39></TD></TR>
<TR>
<TD vAlign=bottom width=54>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=66
colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;Ownership Interest </B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=78
colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;Equity of companies </B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=72
colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;Income (loss) for the period </B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=66
colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;Accrued income </B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=78
colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;Partic in net income (loss) </B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=80
colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;Unrealized income (loss) </B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=78
colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;Book value of investment </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;Company </B></P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;Country </B></P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;Functional Currency </B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;Number of Shares </B></P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;June 30, &nbsp;2007 </B></P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;June 30, 2006 </B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;June 30, &nbsp;2007 </B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;June 30, 2006 </B></P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;June 30, &nbsp;2007 </B></P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;June 30, 2006 </B></P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;June 30, &nbsp;2007 </B></P></TD>
<TD vAlign=bottom width=31>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;June 30, 2006 </B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;June 30, &nbsp;2007 </B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;June 30, 2006 </B></P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;June 30, &nbsp;2007 </B></P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;June 30, 2006 </B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;June 30, &nbsp;2007 </B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;June 30, 2006 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=54>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;% </B></P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;% </B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=31>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;ThCh$ </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">ENVASES CMF
S.A.</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Chile</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>Ch$</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,000 </P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>50.00</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>50.00</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>34,064,581</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>36,053,635</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>1,871,905</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>1,283,098</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>493,751</P></TD>
<TD vAlign=bottom width=31>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>206,422</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>17,032,291</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>18,026,818</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>(1,037,960)</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>(1,112,015)</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>15,994,331</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>16,914,803</P></TD></TR>
<TR>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">ENVASES CENTRAL
S.A.</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Chile</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>Ch$</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;1,499,398 </P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>49.00</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>49.00</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>4,377,718</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>4,632,492</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>(159,848)</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>59,476</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>(82,247)</P></TD>
<TD vAlign=bottom width=31>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>24,822</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>2,184,919</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>2,312,077</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>(229,271)</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>(229,253)</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>1,955,648</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>2,082,824</P></TD></TR>
<TR>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">KAIK
PARTIPACOES</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Brazil</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>US$</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;16,098,919 </P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>11.00</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>11.00</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>15,214,029</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>13,456,740</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>183,652</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>815</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>20,789</P></TD>
<TD vAlign=bottom width=31>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>93</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>1,722,180</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>1,523,263</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>1,722,180</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>1,523,263</P></TD></TR>
<TR>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">CICAN S.A.</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Argentina</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>US$</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,040
</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>15.00</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>15.00</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>5,718,287</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>8,319,969</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>(16,110)</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>807,342</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>(244,884)</P></TD>
<TD vAlign=bottom width=31>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>122,716</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>869,180</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>1,264,634</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>869,180</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>1,264,634</P></TD></TR>
<TR>
<TD vAlign=bottom width=54>
<P
style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"><B>TOTALS</B></P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=33>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=33>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=35>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=31>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right><B>21,808,570</B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right><B>23,126,792</B></P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right><B>(1,267,231)</B></P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right><B>(1,341,268)</B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right><B>20,541,339</B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right><B>21,785,524</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">23</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A3:S12></A><A name=RANGE!A3:S5></A>
<P style="MARGIN: 0px">NOTE 15 - INVESTMENTS IN OTHER COMPANIES</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">In accordance with Circular 1501, no information was
reported since this balance represents less than 10% of Other assets.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 16 &#150; GOODWILL AND NEGATIVE GOODWILL </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=240></TD>
<TD width=122></TD>
<TD width=91></TD>
<TD width=124></TD>
<TD width=95></TD></TR>
<TR>
<TD vAlign=bottom width=240>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=214 colSpan=2>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center>June 30, 2007</P></TD>
<TD vAlign=bottom width=219 colSpan=2>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center>June 30, 2006</P></TD></TR>
<TR>
<TD vAlign=bottom width=240>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=122>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center>Amortization during the period</P></TD>
<TD vAlign=bottom width=91>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center>Goodwill balance</P></TD>
<TD vAlign=bottom width=124>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center>Amortization during the period</P></TD>
<TD vAlign=bottom width=95>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center>Goodwill balance</P></TD></TR>
<TR>
<TD vAlign=bottom width=240>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt">&nbsp;Company
</P></TD>
<TD vAlign=bottom width=122>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=91>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=124>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=95>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center>ThCh$</P></TD></TR>
<TR>
<TD vAlign=bottom width=240>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=122>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=91>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=124>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=95>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=240>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt">RIO DE JANEIRO
REFRESCOS LTDA.</P></TD>
<TD vAlign=bottom width=122>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,774,075
</P></TD>
<TD vAlign=bottom width=91>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39,342,152
</P></TD>
<TD vAlign=bottom width=124>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,865,345
</P></TD>
<TD vAlign=bottom width=95>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45,121,382
</P></TD></TR>
<TR>
<TD vAlign=bottom width=240>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt">EMBOTELLADORA
DEL ATLANTICO S.A.</P></TD>
<TD vAlign=bottom width=122>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,380,129
</P></TD>
<TD vAlign=bottom width=91>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,195,222
</P></TD>
<TD vAlign=bottom width=124>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,454,063
</P></TD>
<TD vAlign=bottom width=95>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,399,478
</P></TD></TR>
<TR>
<TD vAlign=bottom width=240>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt">VITAL S.
A.</P></TD>
<TD vAlign=bottom width=122>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,659
</P></TD>
<TD vAlign=bottom width=91>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=124>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,594
</P></TD>
<TD vAlign=bottom width=95>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;638,289
</P></TD></TR>
<TR>
<TD vAlign=bottom width=240>
<P
style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"><B>TOTAL</B></P></TD>
<TD vAlign=bottom width=122>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,228,863
</B></P></TD>
<TD vAlign=bottom width=91>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63,537,374
</B></P></TD>
<TD vAlign=bottom width=124>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,353,002
</B></P></TD>
<TD vAlign=bottom width=95>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74,159,149
</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A2:F5></A><A name=RANGE!A2:F10></A>
<P style="MARGIN: 0px">NOTE 17 - INTANGIBLES</P>
<P style="MARGIN: 0px">In accordance with Circular 1501, no information was
reported since the balance represents less than 10% of Other assets.</P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">24</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 18 - OTHER LONG TERM ASSETS</P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=301></TD>
<TD width=69></TD>
<TD width=76></TD></TR>
<TR>
<TD vAlign=bottom width=301>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=145 colSpan=2>
<P style="MARGIN: 0px" align=center><B>June 30,</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=301>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=center><B>2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=301>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P style="MARGIN: 0px">Bonds</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Celulosa
Arauco S.A.</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>12,018,649</P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>12,645,165</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enap
S.A.</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>9,266,559</P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>9,875,175</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chile
Soberano</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>7,537,679</P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>7,972,151</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Compa&#241;&#237;a
Manufacturera de Papeles y Cartones S.A.</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>7,302,562</P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>7,680,797</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petr&#243;leos
Mexicanos S.A.</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>6,188,048</P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>7,805,428</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Codelco
S.A.</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>5,339,390</P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>5,677,688</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M&#233;xico
Soberano</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>4,873,564</P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>5,173,509</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tel&#233;fonos
de M&#233;xico S.A.</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>3,085,282</P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>7,421,790</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Endesa
S.A.</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>2,644,771</P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>8,424,481</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Raytheon
Company</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>2,136,972</P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>2,256,852</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International
Paper Company</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>2,107,440</P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>2,220,335</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brasil
Telecom S.A.</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>2,075,397</P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>2,242,115</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Altria
Group</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>1,197,085</P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>1,276,249</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alcoa
Inc.</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>1,072,453</P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>1,133,460</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal
Home Loan Bank (FHLB)</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>2,782,082</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P style="MARGIN: 0px">CLN Endesa -Deutsche Bank A.G.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>5,550,838</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P style="MARGIN: 0px">CLN GMAC - Deutsche Bank A.G.
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>1,798,472</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P style="MARGIN: 0px">CLN Ford-Deutsche Bank A.G.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>1,665,251</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P style="MARGIN: 0px">Cross Currency Swap</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>8,431,318</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>23,906,038</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P style="MARGIN: 0px">Judicial Deposits (Brazil)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>6,181,769</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>5,056,110</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P style="MARGIN: 0px">Recovery of fiscal credit (Brazil)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>5,197,583</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P style="MARGIN: 0px">Prepaid expenses</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>2,942,318</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>1,770,378</P></TD></TR>
<TR>
<TD vAlign=bottom width=301>
<P style="MARGIN: 0px">Issuance Bond Placement</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>2,878,841</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>3,222,966</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P style="MARGIN: 0px">Spare parts</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>2,877,770</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>1,393,858</P></TD></TR>
<TR>
<TD vAlign=bottom width=301>
<P style="MARGIN: 0px">Non operating assets</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>441,304</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>186,537</P></TD></TR>
<TR>
<TD vAlign=bottom width=301>
<P style="MARGIN: 0px">Others</P></TD>
<TD vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right>594,590</P></TD>
<TD vAlign=bottom width=76>
<P style="MARGIN: 0px" align=right>1,444,311</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=301>
<P style="MARGIN: 0px"><B>Total</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="MARGIN: 0px" align=right><B>96,391,344</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=76>
<P style="MARGIN: 0px"
align=right><B>130,582,036</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:B27></A>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">25</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 19 - SHORT-TERM BANK LIABILITIES</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 18px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px">a)</P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px">Short Term</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=168></TD>
<TD width=77></TD>
<TD width=77></TD>
<TD width=77></TD>
<TD width=77></TD>
<TD width=77></TD>
<TD width=77></TD></TR>
<TR>
<TD vAlign=top width=168>
<P>&nbsp;</P></TD>
<TD vAlign=top width=464 colSpan=6>
<P style="MARGIN: 0px"><B>&nbsp;Currency or Indexation Adjustment
</B></P></TD></TR>
<TR>
<TD vAlign=top width=168>
<P>&nbsp;</P></TD>
<TD vAlign=top width=154 colSpan=2>
<P style="MARGIN: 0px"><B>&nbsp;US Dollars </B></P></TD>
<TD vAlign=top width=154 colSpan=2>
<P style="MARGIN: 0px"><B>&nbsp;Other foreign currencies </B></P></TD>
<TD vAlign=top width=154 colSpan=2>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL </B></P></TD></TR>
<TR>
<TD vAlign=top width=168>
<P style="MARGIN: 0px"><B>&nbsp;Bank or Financial Institution </B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px"><B>&nbsp;June 30, 2007 </B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px"><B>&nbsp;June 30, 2006 </B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px"><B>&nbsp;June 30, 2007 </B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px"><B>&nbsp;June 30, 2006 </B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px"><B>&nbsp;June 30, 2007 </B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px"><B>&nbsp;June 30, 2006 </B></P></TD></TR>
<TR>
<TD vAlign=top width=168>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px"><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px"><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px"><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px"><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px"><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px"><B>&nbsp;ThCh$ </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P style="MARGIN: 0px">DEXIA BANK</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>23,483,619</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>23,483,619</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P style="MARGIN: 0px">BANCO JP MORGAN</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>23,267,774</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>23,267,774</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P style="MARGIN: 0px">BOSTON - FINAME</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>181,250</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>181,250</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P style="MARGIN: 0px">SANTENDER FINAME</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>129,159</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>129,159</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P style="MARGIN: 0px">ALFA FINAME</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>28,206</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>28,206</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P style="MARGIN: 0px">CITIBANK N.A.</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>1,471,071</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>1,471,071</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P style="MARGIN: 0px">BANCO ITA&#218;</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>1,026,433</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>1,026,433</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P style="MARGIN: 0px">Others</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P style="MARGIN: 0px"><B>TOTAL</B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right><B>0</B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right><B>46,751,393</B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right><B>338,615</B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right><B>2,497,504</B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right><B>338,615</B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right><B>49,248,897</B></P></TD></TR>
<TR>
<TD vAlign=top width=168>
<P style="MARGIN: 0px"><B>Outstanding Balance</B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right><B>0</B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right><B>44,083,037</B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right><B>338,615</B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right><B>2,427,118</B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right><B>338,615</B></P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right><B>46,510,155</B></P></TD></TR>
<TR>
<TD vAlign=top width=168>
<P style="MARGIN: 0px">Annual average interest rate (%)</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>5.99</P></TD>
<TD vAlign=bottom width=77>
<P style="MARGIN: 0px" align=right>13.47</P></TD>
<TD vAlign=bottom width=77>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=168>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=168>
<P style="MARGIN: 0px">Foreign currency liabilities (%)</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>100.00</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=168>
<P style="MARGIN: 0px">Local currency liabilities (%)</P></TD>
<TD vAlign=top width=77>
<P style="MARGIN: 0px" align=right>0.00</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD>
<TD vAlign=top width=77>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">b)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Long term &#150; Portion Short Term</P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:E16></A><A
name=RANGE!A1:E15></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=182></TD>
<TD width=81></TD>
<TD width=82></TD>
<TD width=82></TD>
<TD width=81></TD></TR>
<TR>
<TD vAlign=bottom width=182>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=327 colSpan=4>
<P style="MARGIN: 0px" align=center>Currency or indexation
adjustment</P></TD></TR>
<TR>
<TD vAlign=bottom width=182>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=163 colSpan=2>
<P style="MARGIN: 0px" align=center>Other foreign currencies</P></TD>
<TD vAlign=bottom width=163 colSpan=2>
<P style="MARGIN: 0px" align=center>TOTAL</P></TD></TR>
<TR>
<TD vAlign=bottom width=182>
<P style="MARGIN: 0px">Bank</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=center>June 30, 2007</P></TD>
<TD vAlign=bottom width=82>
<P style="MARGIN: 0px" align=center>June 30, 2006</P></TD>
<TD vAlign=bottom width=82>
<P style="MARGIN: 0px" align=center>June 30, 2007</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=center>June 30, 2006</P></TD></TR>
<TR>
<TD vAlign=bottom width=182>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=center>ThCh$</P></TD>
<TD vAlign=bottom width=82>
<P style="MARGIN: 0px" align=center>ThCh$</P></TD>
<TD vAlign=bottom width=82>
<P style="MARGIN: 0px" align=center>ThCh$</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=center>ThCh$</P></TD></TR>
<TR>
<TD vAlign=bottom width=182>
<P style="MARGIN: 0px">BANCO SANTANDER</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=82>
<P style="MARGIN: 0px" align=right>435,284</P></TD>
<TD vAlign=bottom width=82>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>435,284</P></TD></TR>
<TR>
<TD vAlign=bottom width=182>
<P style="MARGIN: 0px">BANCO BOSTON</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=82>
<P style="MARGIN: 0px" align=right>92,875</P></TD>
<TD vAlign=bottom width=82>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>92,875</P></TD></TR>
<TR>
<TD vAlign=bottom width=182>
<P style="MARGIN: 0px"><B>TOTAL</B></P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right><B>0</B></P></TD>
<TD vAlign=bottom width=82>
<P style="MARGIN: 0px" align=right><B>528,159</B></P></TD>
<TD vAlign=bottom width=82>
<P style="MARGIN: 0px" align=right><B>0</B></P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right><B>528,159</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=182>
<P style="MARGIN: 0px">Principal Due</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=82>
<P style="MARGIN: 0px" align=right>506,863</P></TD>
<TD vAlign=bottom width=82>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>506,863</P></TD></TR>
<TR>
<TD vAlign=bottom width=182>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=182>
<P style="MARGIN: 0px">Average annual interest rate (%)</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>13.26</P></TD>
<TD vAlign=bottom width=245 colSpan=3>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=182>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=182>
<P style="MARGIN: 0px">Foreign currency liabilities (%)</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>100.00</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=182>
<P style="MARGIN: 0px">Local currency liabilities (%)</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>0.00</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=182>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=182>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:H16></A>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">26</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 20 - OTHER CURRENT LIABILITIES</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">In accordance with Circular 1501, no information was
reported since this balance represents less than 10% of current liabilities.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 21 - LONG-TERM BANK LIABILITIES</P><A
name=RANGE!A1:H8></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=147></TD>
<TD width=82></TD>
<TD width=64></TD>
<TD width=64></TD>
<TD width=64></TD>
<TD width=92></TD>
<TD width=80></TD>
<TD width=78></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=193 colSpan=3>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;Years
to Maturity </B></P></TD>
<TD vAlign=bottom width=92>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;Bank or
Financial Institution </B></P></TD>
<TD vAlign=bottom width=82>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;Currency
</B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>More than 1 up to 2</B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>More than 2 up to 3</B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>More than 3 up to 5</B></P></TD>
<TD vAlign=bottom width=92>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Total long term at June 30, 2007</B></P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Average annual interest rate
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;%</B></P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Total long term at June 30, 2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=92>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">BANCO
SANTANDER</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Other
currencies</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=92>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>-</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>234,969</P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">BANCO
ALFA</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Other
currencies</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>53,937</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>114,865</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>164,617</P></TD>
<TD vAlign=bottom width=92>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>333,419</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>11.57%</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>90,233</P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">BANCO
BOSTON</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Other
currencies</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=92>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>-</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>8,803</P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">BANCO
VOTORANTIM</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Other
currencies</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>79,443</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>111,271</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>254,294</P></TD>
<TD vAlign=bottom width=92>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>445,008</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>9.40%</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>TOTAL</B></P></TD>
<TD vAlign=bottom width=82>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>133,380</B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>226,136</B></P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>418,911</B></P></TD>
<TD vAlign=bottom width=92>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>778,427</B></P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>334,005</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=230 colSpan=2>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=92>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=147>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Foreign currency
liabilities (%)</P></TD>
<TD vAlign=bottom width=82>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">100.00</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=92>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px">&nbsp;</P><A name=RANGE!A1:H10></A>
<P style="MARGIN: 0px">NOTE 22 - LONG-AND SHORT-TERM BONDS PAYABLE (PROMISSORY
NOTES AND BONDS)</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">1.</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Current risk rating of bonds is as
follows:</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">BONDS ISSUED IN THE US MARKET</P>
<P style="MARGIN-TOP: 0px; PADDING-LEFT: 47px; MARGIN-BOTTOM: -16px">A-</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 47px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 47px">:</P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px; TEXT-INDENT: 94px">Rating according
to Fitch Ratings Ltd.</P>
<P style="MARGIN-TOP: 0px; PADDING-LEFT: 47px; MARGIN-BOTTOM: -16px">BBB+</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 47px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 47px">:</P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px; TEXT-INDENT: 94px">Rating according
to Standard &amp; Poor&#146;s</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">BONDS ISSUED IN THE LOCAL MARKET</P>
<P style="MARGIN-TOP: 0px; PADDING-LEFT: 47px; MARGIN-BOTTOM: -16px">AA </P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 47px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 47px">:</P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px; TEXT-INDENT: 94px">Rating according
to Fitch Chile Clasificadora de Riesgo Ltda.</P>
<P style="MARGIN-TOP: 0px; PADDING-LEFT: 47px; MARGIN-BOTTOM: -16px">AA </P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 47px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 47px">:</P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px; TEXT-INDENT: 94px">Rating according
to Feller Rate Clasificadora de Riesgo Ltda.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">2.</P>
<P style="MARGIN: 0px; TEXT-INDENT: 47px">Bond repurchases.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px">During 2000, 2001 and 2002,
Embotelladora Andina S.A. repurchased bonds issued in the U.S. market through
its subsidiary, Abisa Corp S.A. for a total amount of US$314 million of the
US$350 million, which are presented deducting the long term liability from the
bonds payable account. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">3.</P>
<P style="MARGIN: 0px; TEXT-INDENT: 47px">Bonds issued by the subsidiary Rio de
Janeiro Refrescos Ltda. (RJR).</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px">The subsidiary RJR has liabilities
corresponding to an issuance of bonds for US$75 million maturing in December
2012 and semiannual interest payments. At period end, all such bonds are
wholly-owned by the subsidiary Abisa Corp. Consequently, the effects of such
transactions have been eliminated from these consolidated financial statements,
both in the balance sheet and in the consolidated statement of income. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">27</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px">The following table contains more information on Bonds
Payable: </P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:K15></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=126></TD>
<TD width=32></TD>
<TD width=57></TD>
<TD width=47></TD>
<TD width=51></TD>
<TD width=57></TD>
<TD width=53></TD>
<TD width=63></TD>
<TD width=57></TD>
<TD width=58></TD>
<TD width=68></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Instrument
subscription or ID N&#176;</B></P></TD>
<TD vAlign=bottom width=32>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Series</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Nominal
Value</B></P></TD>
<TD vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Currency</B></P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Interest
rate</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Final
Maturity</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Term</B></P></TD>
<TD vAlign=bottom width=63>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=116 colSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Par
Value</B></P></TD>
<TD vAlign=bottom width=68 rowSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Placement in Chile or abroad</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=32>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>%</B></P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Interest
paid</B></P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Amortization
period</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>June 30, 2007</B></P></TD>
<TD vAlign=bottom width=58>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>June 30, 2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Current portion
of bonds payable</P></TD>
<TD vAlign=bottom width=32>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=63>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=58>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">YANKEE
BONDS</P></TD>
<TD vAlign=bottom width=32>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">A</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>32,076,000</P></TD>
<TD vAlign=bottom width=47>
<P
style="PADDING-LEFT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; TEXT-INDENT: 8px; LINE-HEIGHT: 8pt">7.000</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">01-Oct-07</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">HALF
YEARLY</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">OCT. 2007</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>17,195,304</P></TD>
<TD vAlign=bottom width=58>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>311,585</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center>ABROAD</P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">YANKEE
BONDS</P></TD>
<TD vAlign=bottom width=32>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">B</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,000,000</P></TD>
<TD vAlign=bottom width=47>
<P
style="PADDING-LEFT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; TEXT-INDENT: 8px; LINE-HEIGHT: 8pt">7.625</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">01-Oct-27</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">HALF
YEARLY</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">OCT. 2027</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>40,173</P></TD>
<TD vAlign=bottom width=58>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>42,325</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center>ABROAD</P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;Register
254 SVS June 13, 2001 </P></TD>
<TD vAlign=bottom width=32>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">A</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>660,000</P></TD>
<TD vAlign=bottom width=47>
<P
style="PADDING-LEFT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">UF</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; TEXT-INDENT: 8px; LINE-HEIGHT: 8pt">6.200</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">01-Jun-08</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">HALF
YEARLY</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">JUN. 2008</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>12,354,506</P></TD>
<TD vAlign=bottom width=58>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>12,452,810</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center>CHILE</P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;Register
254 SVS June 13, 2001 </P></TD>
<TD vAlign=bottom width=32>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">B</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,700,000</P></TD>
<TD vAlign=bottom width=47>
<P
style="PADDING-LEFT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">UF</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; TEXT-INDENT: 8px; LINE-HEIGHT: 8pt">6.500</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">01-Jun-26</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">HALF
YEARLY</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">DEC. 2009</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>367,399</P></TD>
<TD vAlign=bottom width=58>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>368,441</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center>CHILE</P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Total current
maturities</B></P></TD>
<TD vAlign=bottom width=32>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="MARGIN: 0px"><BR></P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=63>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>29,957,382</B></P></TD>
<TD vAlign=bottom width=58>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>13,175,161</B></P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=32>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="MARGIN: 0px"><BR></P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=63>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Long term portion
of bonds payable</P></TD>
<TD vAlign=bottom width=32>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="MARGIN: 0px"><BR></P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=63>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">YANKEE
BONDS</P></TD>
<TD vAlign=bottom width=32>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">A</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>32,076,000</P></TD>
<TD vAlign=bottom width=47>
<P
style="PADDING-LEFT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; TEXT-INDENT: 8px; LINE-HEIGHT: 8pt">7.000</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">01-Oct-07</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">HALF
YEARLY</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">OCT. 2007</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=58>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>17,804,866</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center>ABROAD</P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">YANKEE
BONDS</P></TD>
<TD vAlign=bottom width=32>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">B</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,000,000</P></TD>
<TD vAlign=bottom width=47>
<P
style="PADDING-LEFT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; TEXT-INDENT: 8px; LINE-HEIGHT: 8pt">7.625</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">01-Oct-27</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">HALF
YEARLY</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">OCT. 2027</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,107,440</P></TD>
<TD vAlign=bottom width=58>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,220,335</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center>ABROAD</P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;Register
254 SVS June 13, 2001 </P></TD>
<TD vAlign=bottom width=32>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">A</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>660,000</P></TD>
<TD vAlign=bottom width=47>
<P
style="PADDING-LEFT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">UF</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; TEXT-INDENT: 8px; LINE-HEIGHT: 8pt">6.200</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">01-Jun-08</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">HALF
YEARLY</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">JUN. 2008</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=58>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>12,327,358</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center>CHILE</P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;Register
254 SVS June 13, 2001 </P></TD>
<TD vAlign=bottom width=32>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">B</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,700,000</P></TD>
<TD vAlign=bottom width=47>
<P
style="PADDING-LEFT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">UF</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; TEXT-INDENT: 8px; LINE-HEIGHT: 8pt">6.500</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">01-Jun-26</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">HALF
YEARLY</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">DEC. 2009</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>68,909,429</P></TD>
<TD vAlign=bottom width=58>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>69,107,825</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center>CHILE</P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Total long
term</B></P></TD>
<TD vAlign=bottom width=32>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=63>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>71,016,869</B></P></TD>
<TD vAlign=bottom width=58>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>101,460,384</B></P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">28</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 23 - PROVISIONS AND WRITE-OFFS</P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=328></TD>
<TD width=90></TD>
<TD width=90></TD>
<TD width=90></TD>
<TD width=90></TD></TR>
<TR>
<TD vAlign=bottom width=328>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=181 colSpan=2>
<P style="MARGIN: 0px" align=center><B>Short Term</B></P></TD>
<TD vAlign=bottom width=181 colSpan=2>
<P style="MARGIN: 0px" align=center><B>Long Term</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=328>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center><B>June 30, 2006</B></P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center><B>June 30, 2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=328>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=328>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=328>
<P style="MARGIN: 0px">Taxation on banking transactions &amp; social
contribution(Brazil)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>2,466,650</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>8,760,659</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>10,988,698</P></TD></TR>
<TR>
<TD vAlign=bottom width=328>
<P style="MARGIN: 0px">Staff severance indemnities</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>676,143</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>703,572</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>5,852,888</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>5,185,638</P></TD></TR>
<TR>
<TD vAlign=top width=328>
<P style="MARGIN: 0px">Contingencies</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>80,907</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>66,025</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>2,560,660</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>9,560,504</P></TD></TR>
<TR>
<TD vAlign=bottom width=328>
<P style="MARGIN: 0px">Others</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>143</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=328>
<P style="MARGIN: 0px"><B>TOTAL</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right><B>3,223,700</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right><B>769,740</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=right><B>17,174,207</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px"
align=right><B>25,734,840</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A2:E9></A>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 24 - STAFF SEVERANCE INDEMNITIES</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=136></TD>
<TD width=86></TD>
<TD width=86></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=center><B>June 30, 2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P style="MARGIN: 0px">Beginning balance</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>6,227,964</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>5,628,252</P></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P style="MARGIN: 0px">Provision for the period</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>391,657</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>377,681</P></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P style="MARGIN: 0px">Payments</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>(90,590)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>(116,723)</P></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P style="MARGIN: 0px">Ending balance</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right><B>6,529,031</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px"
align=right><B>5,889,210</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 25 - OTHER LONG-TERM LIABILITIES</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">In accordance with Circular 1501, no information was
reported since this balance represents less than 10% of Long-term
liabilities.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 26 - MINORITY INTEREST</P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=205></TD>
<TD width=86></TD>
<TD width=86></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P style="MARGIN: 0px"><BR></P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=center><B>June 30, 2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P style="MARGIN: 0px"><B>LIABILITIES</B></P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P style="MARGIN: 0px">Vital Aguas S. A.</P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>1,211,155</P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>1,183,706</P></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P style="MARGIN: 0px">Embotelladora del Atl&#225;ntico S. A.</P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>20,296</P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>19,778</P></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P style="MARGIN: 0px">Andina Inversiones &nbsp;Societarias S.A.</P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>41</P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>61</P></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right><B>1,231,492</B></P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right><B>1,203,545</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=center><B>June 30, 2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P style="MARGIN: 0px"><B>INCOME STATEMENT</B></P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P style="MARGIN: 0px">Vital Aguas S. A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>(38,423)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>(39,442)</P></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P style="MARGIN: 0px">Embotelladora del Atl&#225;ntico S. A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>(523)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>(765)</P></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P style="MARGIN: 0px">Andina Inversiones &nbsp;Societarias S.A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>(4)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>(1)</P></TD></TR>
<TR>
<TD vAlign=bottom width=205>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right><B>(38,950)</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right><B>(40,208)</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">29</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 27 - CHANGES IN SHAREHOLDERS&#146; EQUITY</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The activity in Shareholders&#146; Equity, Dividend
Distribution and Other Reserves is detailed in the following tables:</P><A
name=RANGE!A1:M9></A><A name=RANGE!A1:N12></A>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:M13></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=131></TD>
<TD width=46></TD>
<TD width=38></TD>
<TD width=43></TD>
<TD width=50></TD>
<TD width=47></TD>
<TD width=47></TD>
<TD width=46></TD>
<TD width=38></TD>
<TD width=38></TD>
<TD width=50></TD>
<TD width=47></TD>
<TD width=47></TD></TR>
<TR>
<TD vAlign=bottom width=131>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=273 colSpan=6>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>June 30, 2007</B></P></TD>
<TD vAlign=bottom width=268 colSpan=6>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>June 30, 2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=131>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>Paid in Capital</B></P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>Capital Revalued Reserve</B></P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>Other Reserves</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>Accumulated Income</B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>Interim Dividends</B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>Net Income</B></P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>Paid in Capital</B></P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>Capital Revalued Reserve</B></P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>Other Reserves</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>Accumulated Income</B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>Interim Dividends</B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>Net Income</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=131>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=131>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt">Beginning
balance</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>202,060,999 </P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>10,005,036 </P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>(13,438,065)</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>74,355,094 </P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>197,904,994 </P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>(201,145)</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>26,334,355 </P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>(11,640,959)</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>56,039,346 </P></TD></TR>
<TR>
<TD vAlign=bottom width=131>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt">Distribution
of prior-year income</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>60,917,029 </P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>13,438,065 </P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>(74,355,094)</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>44,398,387 </P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>11,640,959 </P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>(56,039,346)</P></TD></TR>
<TR>
<TD vAlign=bottom width=131>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt">Final
dividend prior year</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>(8,876,966)</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>(5,172,908)</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=131>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt">Translation
adjustment reserve</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>(1,951,883)</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>5,116,042 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=131>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt">Extraordinary
dividend charged to accumulated income</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>(52,040,412)</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>(55,880,179)</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=131>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt">Capital
revalued</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>3,839,159 </P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>33,256 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>616,509 </P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>2,176,955 </P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>(2,213)</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>228,584 </P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=131>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt">Income for
the period </P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>35,014,442 </P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>30,949,277 </P></TD></TR>
<TR>
<TD vAlign=bottom width=131>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt">Interim
dividends</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>(5,588,018)</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right>(4,470,414)</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt" align=right>0
</P></TD></TR>
<TR>
<TD vAlign=bottom width=131>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"><B>Ending
balance</B></P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>202,060,999 </B></P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>3,839,159 </B></P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>(1,918,627)</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>10,621,196 </B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>(5,588,018)</B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>35,014,442 </B></P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>197,904,994 </B></P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>2,176,955 </B></P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>4,912,684 </B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>9,908,239 </B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>(4,470,414)</B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>30,949,277 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=131>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"><B>Price
level restated balances</B></P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>203,644,239 </B></P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>2,240,087 </B></P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>5,055,152 </B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>10,195,578 </B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>(4,600,056)</B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 5.5pt; MARGIN: 0px; LINE-HEIGHT: 7.5pt"
align=right><B>31,846,806 </B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">30</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=53></TD>
<TD width=98></TD>
<TD width=82></TD>
<TD width=92></TD></TR>
<TR>
<TD vAlign=top width=326 colSpan=4>
<P style="MARGIN: 0px" align=center><B>Changes in Shareholders&#146;
Equity</B></P>
<P style="MARGIN: 0px" align=center><B>Number of Shares</B></P></TD></TR>
<TR>
<TD vAlign=top width=53>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Series </P></TD>
<TD vAlign=top width=98>
<P style="MARGIN: 0px">Subscribed Shares</P></TD>
<TD vAlign=top width=82>
<P style="MARGIN: 0px">Paid in shares</P></TD>
<TD vAlign=top width=92>
<P style="MARGIN: 0px">Number of shares with voting rights</P></TD></TR>
<TR>
<TD vAlign=top width=53>
<P style="MARGIN: 0px">&nbsp;A </P></TD>
<TD vAlign=top width=98>
<P style="MARGIN: 0px">380,137,271</P></TD>
<TD vAlign=top width=82>
<P style="MARGIN: 0px">380,137,271</P></TD>
<TD vAlign=top width=92>
<P style="MARGIN: 0px">380,137,271</P></TD></TR>
<TR>
<TD vAlign=top width=53>
<P style="MARGIN: 0px">&nbsp;B </P></TD>
<TD vAlign=top width=98>
<P style="MARGIN: 0px">380,137,271</P></TD>
<TD vAlign=top width=82>
<P style="MARGIN: 0px">380,137,271</P></TD>
<TD vAlign=top width=92>
<P style="MARGIN: 0px">380,137,271</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=41></TD>
<TD width=110></TD>
<TD width=102></TD></TR>
<TR>
<TD vAlign=top width=41>
<P style="MARGIN: 0px" align=center>Series</P></TD>
<TD vAlign=top width=110>
<P style="MARGIN: 0px" align=center>Subscribed Capital</P></TD>
<TD vAlign=top width=102>
<P style="MARGIN: 0px" align=center>Paid in Capital</P></TD></TR>
<TR>
<TD vAlign=top width=41>
<P>&nbsp;</P></TD>
<TD vAlign=top width=110>
<P style="MARGIN: 0px" align=center>ThCh$</P></TD>
<TD vAlign=top width=102>
<P style="MARGIN: 0px" align=center>ThCh$</P></TD></TR>
<TR>
<TD vAlign=top width=41>
<P style="MARGIN: 0px">A</P></TD>
<TD vAlign=top width=110>
<P style="MARGIN: 0px">98,952,497 </P></TD>
<TD vAlign=top width=102>
<P style="MARGIN: 0px">98,952,497 </P></TD></TR>
<TR>
<TD vAlign=top width=41>
<P style="MARGIN: 0px">B</P></TD>
<TD vAlign=top width=110>
<P style="MARGIN: 0px">98,952,497 </P></TD>
<TD vAlign=top width=102>
<P style="MARGIN: 0px">98,952,497 </P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=250></TD>
<TD width=131></TD>
<TD width=78></TD>
<TD width=94></TD>
<TD width=93></TD>
<TD width=12></TD>
<TD width=12></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=382 colSpan=2>
<P style="MARGIN: 0px"><B>1.- Other Reserves</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=382 colSpan=2>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=382 colSpan=2>
<P style="MARGIN: 0px">Balance of Other Reserves is composed as
follows</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=382 colSpan=2>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=173 colSpan=2>
<P style="MARGIN: 0px"><B>June 30,</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=382 colSpan=2>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px"><B>2007</B></P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"><B>2006</B></P></TD>
<TD vAlign=bottom width=93>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=12>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=382 colSpan=2>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px"><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=93>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=12>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=382 colSpan=2>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=93>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=12>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=382 colSpan=2>
<P style="MARGIN: 0px">Reserve for cumulative translation
adjustments(1)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="MARGIN: 0px">( 2,946,834)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px">4,027,024</P></TD>
<TD vAlign=bottom width=93>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=12>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=382 colSpan=2>
<P style="MARGIN: 0px">Reserve for technical reappraisal of property,
plant and equipment</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px">77,177</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px">67,110</P></TD>
<TD vAlign=bottom width=93>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=12>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=12>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=382 colSpan=2>
<P style="MARGIN: 0px">Other</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=78>
<P style="MARGIN: 0px">951,030</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=94>
<P style="MARGIN: 0px">961,018</P></TD>
<TD vAlign=bottom width=93>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=12>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=12>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=382 colSpan=2>
<P style="MARGIN: 0px">Total</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=78>
<P style="MARGIN: 0px"><B>( 1,918,627)</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=94>
<P style="MARGIN: 0px"><B>5,055,152</B></P></TD>
<TD vAlign=bottom width=93>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=12>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=382 colSpan=2>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=555 colSpan=4>
<P style="MARGIN: 0px">(1)The Reserve for cumulative translation
adjustments was established in accordance with Technical Bulletin No. 64
issued by the Chilean Institute of Accountants and regulations specified
under Circular letter No. 5,294 from the SVS.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=382 colSpan=2>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=461 colSpan=3>
<P style="MARGIN: 0px">The activity in the Reserve for cumulative
translation adjustments was as follows:</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=382 colSpan=2>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=center><B>Balance</B></P></TD>
<TD vAlign=bottom width=94 rowSpan=2>
<P style="MARGIN: 0px" align=center><B>Foreign exchange generated during
the period</B></P></TD>
<TD vAlign=bottom width=118 colSpan=3>
<P style="MARGIN: 0px" align=center><B>Reserve Release / Realized
(*)</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=250>
<P style="MARGIN: 0px"><B>Company</B></P></TD>
<TD vAlign=bottom width=131>
<P style="MARGIN: 0px" align=center><B>January 1, 2007</B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=center><B>Investment</B></P></TD>
<TD vAlign=bottom width=118 colSpan=3>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=250>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=131>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=118 colSpan=3>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=250>
<P style="MARGIN: 0px">Rio de Janeiro Refrescos Ltda.</P></TD>
<TD vAlign=bottom width=131>
<P style="MARGIN: 0px" align=right>(797,435)</P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(2,156,450)</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>478,182 </P></TD>
<TD vAlign=bottom width=118 colSpan=3>
<P style="MARGIN: 0px" align=right>(2,475,703)</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=250>
<P style="MARGIN: 0px">Embotelladora del Atl&#225;ntico S. A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=131>
<P style="MARGIN: 0px" align=right>1,552,759 </P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right>(2,023,890)</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>0 </P></TD>
<TD vAlign=bottom width=118 colSpan=3>
<P style="MARGIN: 0px" align=right>(471,131)</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=250>
<P style="MARGIN: 0px"><B>Total</B></P></TD>
<TD vAlign=bottom width=131>
<P style="MARGIN: 0px" align=right><B>755,324 </B></P></TD>
<TD vAlign=bottom width=78>
<P style="MARGIN: 0px" align=right><B>(4,180,340)</B></P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right><B>478,182 </B></P></TD>
<TD vAlign=bottom width=118 colSpan=3>
<P style="MARGIN: 0px" align=right><B>(2,946,834)</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=250>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=131>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=78>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=118 colSpan=3>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=674 colSpan=7>
<P style="MARGIN: 0px">Reserve realized in the amount of ThCh$478,182,
resulted from dividends paid by our subsidiary R&#237;o de Janeiro Refrescos
Ltda. for a total amount of ThUS$47,839.-</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">31</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 28 - OTHER NON-OPERATING INCOME AND EXPENSES</P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=391></TD>
<TD width=111></TD>
<TD width=94></TD></TR>
<TR>
<TD vAlign=bottom width=391>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=205 colSpan=2>
<P style="MARGIN: 0px" align=center><B>For the period ended June
30,</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=391>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px" align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=center><B>2006</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=391>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=391>
<P style="MARGIN: 0px"><B>Other non-operating income during the period was
as follows:</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=111>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=391>
<P style="MARGIN: 0px">Recovery of prior year taxes</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=111>
<P style="MARGIN: 0px" align=right>2,013,027</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=391>
<P style="MARGIN: 0px">Provision adjustment obsolescence fixed
asset</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px" align=right>727,528</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=391>
<P style="MARGIN: 0px">Income on sale of property, plant and
equipment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=111>
<P style="MARGIN: 0px" align=right>133,033</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>271,143</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=391>
<P style="MARGIN: 0px">Other income</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=111>
<P style="MARGIN: 0px" align=right>297,489</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>168,798</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=391>
<P style="MARGIN: 0px"><B>Sub-total</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=111>
<P style="MARGIN: 0px" align=right><B>3,171,077</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right><B>439,941</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=391>
<P style="MARGIN: 0px">Translation of Financial Statements (1)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=111>
<P style="MARGIN: 0px" align=right>1,124,549</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>17,396</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=391>
<P style="MARGIN: 0px"><B>Total</B></P></TD>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=111>
<P style="MARGIN: 0px" align=right><B>4,295,626</B></P></TD>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right><B>457,337</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=391>
<P style="MARGIN: 0px"><B>Other non-operating expenses during the period
was as follows:</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=111>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=391>
<P style="MARGIN: 0px">Obsolescence and write-offs of property, plant and
equipment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=111>
<P style="MARGIN: 0px" align=right>(433,451)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>(22,796)</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=391>
<P style="MARGIN: 0px">Conversion adjustment reserve realized (2)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=111>
<P style="MARGIN: 0px" align=right>(478,182)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>(160,285)</P></TD></TR>
<TR>
<TD vAlign=bottom width=391>
<P style="MARGIN: 0px">Loss on sale of property, plant and
equipment</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px" align=right>(359,883)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>(18,094)</P></TD></TR>
<TR>
<TD vAlign=bottom width=391>
<P style="MARGIN: 0px">Provision for labor and commercial lawsuits</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=111>
<P style="MARGIN: 0px" align=right>(260,129)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>(314,502)</P></TD></TR>
<TR>
<TD vAlign=bottom width=391>
<P style="MARGIN: 0px">Provision for loss in Centralli investment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=111>
<P style="MARGIN: 0px" align=right>(43,152)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>(26,459)</P></TD></TR>
<TR>
<TD vAlign=bottom width=391>
<P style="MARGIN: 0px">Others</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=111>
<P style="MARGIN: 0px" align=right>(506,940)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>(432,003)</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=391>
<P style="MARGIN: 0px"><B>Total</B></P></TD>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=111>
<P style="MARGIN: 0px" align=right><B>(2,081,737)</B></P></TD>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right><B>(974,139)</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=391>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=111>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=391>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=111>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=94>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=597 colSpan=3>
<P style="MARGIN: 0px">(1) This refers to the effects of the translation
of the financial statements corresponding to investment in foreign
companies (translation of local currency to US dollars), in accordance
with Technical Bulletin N&#176;64 issued by the Chilean Institute of
Accountants</P></TD></TR>
<TR>
<TD vAlign=bottom width=597 colSpan=3>
<P style="MARGIN: 0px">(2) This refers to the release of conversion
adjustment reserves due to dividend payments carried out at our subsidiary
Rio de Janeiro Refrescos Ltda. during the first half of 2007 and 2006,
respectively</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A2:C23></A>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">32</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 29 - PRICE-LEVEL RESTATEMENT</P><A
name=RANGE!A1:D31></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=414></TD>
<TD width=39></TD>
<TD width=80></TD>
<TD width=80></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=center><B>June 30, 2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Assets - &nbsp;(charges)/credits</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px">Index</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Inventories</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(77,815)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(306,311)</P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Property, plant and equipment</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>1,441,899 </P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>827,441 </P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Investments in related companies</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>4,040,264 </P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>1,545,147 </P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Cash, Time Deposits, Marketable Securities</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>219,066 </P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>113,091 </P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Trade Accounts Receivable, Notes Receivable</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">UF</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>13</P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Trade Accounts Receivable, Notes Receivable</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(38)</P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Accounts payable from related companies - short
term</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>540,362 </P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>284,882 </P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Recoverable taxes</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>65,618 </P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>32,243 </P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Other current assets</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">UF</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>244,654 </P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>6,924 </P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Other current assets</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(25,107)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>109,208 </P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Other long term assets</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">UF</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>6,307 </P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Other long term assets</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>1,353,465 </P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>1,058,869 </P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Cost and expense accounts</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>1,166,188 </P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>1,004,545 </P></TD></TR>
<TR>
<TD vAlign=top width=414>
<P style="MARGIN: 0px"><B>&nbsp;Total (charges) credits </B></P></TD>
<TD vAlign=top width=39>
<P>&nbsp;</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right><B>8,974,901 </B></P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right><B>4,676,014 </B></P></TD></TR>
<TR>
<TD vAlign=top width=414>
<P>&nbsp;</P></TD>
<TD vAlign=top width=39>
<P>&nbsp;</P></TD>
<TD vAlign=top width=80>
<P>&nbsp;</P></TD>
<TD vAlign=top width=80>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Liabilities - (charges)/credits</P></TD>
<TD vAlign=top width=39>
<P>&nbsp;</P></TD>
<TD vAlign=top width=80>
<P>&nbsp;</P></TD>
<TD vAlign=top width=80>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Shareholders&#146; equity</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(4,488,925)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(2,473,021)</P></TD></TR>
<TR>
<TD vAlign=top width=414>
<P style="MARGIN: 0px">Short and long term bank liabilities</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(45,674)</P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Short and long term bonds payable</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">UF</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(1,227,399)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(893,441)</P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Short and long term bonds payable</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(324,155)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(207,255)</P></TD></TR>
<TR>
<TD vAlign=top width=414>
<P style="MARGIN: 0px">&nbsp;Other current liabilities </P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">UF</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(92,018)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(106,397)</P></TD></TR>
<TR>
<TD vAlign=top width=414>
<P style="MARGIN: 0px">&nbsp;Other current liabilities </P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(210,904)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(223,646)</P></TD></TR>
<TR>
<TD vAlign=top width=414>
<P style="MARGIN: 0px">&nbsp;Other long term liabilities </P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(72,021)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(21,842)</P></TD></TR>
<TR>
<TD vAlign=top width=414>
<P style="MARGIN: 0px">&nbsp;Accounts payable to related companies long
term </P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">UF</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(238,823)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=top width=414>
<P style="MARGIN: 0px">&nbsp;Accounts payable to related companies short
term </P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(646,496)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>0</P></TD></TR>
<TR>
<TD vAlign=top width=414>
<P style="MARGIN: 0px">&nbsp;Accounts payable to related companies long
term </P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(11,412)</P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px">Income accounts</P></TD>
<TD vAlign=top width=39>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(1,590,551)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(1,280,757)</P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px"><B>Total (charges) credits</B></P></TD>
<TD vAlign=top width=39>
<P>&nbsp;</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right><B>(8,891,292)</B></P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right><B>(5,263,445)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=414>
<P style="MARGIN: 0px"><B>Price-level restatement gain (loss)</B></P></TD>
<TD vAlign=top width=39>
<P>&nbsp;</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right><B>83,609 </B></P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px"
align=right><B>(587,431)</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">33</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 30 - FOREIGN EXCHANGE GAINS/LOSSES</P><A
name=RANGE!A1:D26></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=338></TD>
<TD width=64></TD>
<TD width=80></TD>
<TD width=80></TD></TR>
<TR>
<TD width=338>
<P>&nbsp;</P></TD>
<TD width=64>
<P style="MARGIN: 0px" align=center><B>Currency</B></P></TD>
<TD width=80>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD>
<TD width=80>
<P style="MARGIN: 0px" align=center><B>June 30, 2006</B></P></TD></TR>
<TR>
<TD width=338>
<P>&nbsp;</P></TD>
<TD width=64>
<P>&nbsp;</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD width=338>
<P style="MARGIN: 0px"><B>Assets - (charges)/credits</B></P></TD>
<TD width=64>
<P>&nbsp;</P></TD>
<TD width=80>
<P>&nbsp;</P></TD>
<TD width=80>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Cash</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>23,450 </P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(373,202)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Marketable securities (net)</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(699,264)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(91,371)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Other receivables (net)</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(127)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>236,202 </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Accounts receivable related companies </P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(1,375,599)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>2,980,357 </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Inventories (net)</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(9,513)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>28,671 </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Other current assets</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>172,627 </P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>5,138 </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Property, plant &amp; equipment</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(5,739)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>5,750 </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Other assets</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(1,775,606)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>3,720,316 </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Time deposits</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">EUROS$</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>1,209,853 </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Time deposits</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(420)</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>705</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Trade accounts receivable</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right>(1,010)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px"><B>Total (charges) credits</B></P></TD>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right><B>(3,670,191)</B></P></TD>
<TD vAlign=top width=80>
<P style="MARGIN: 0px" align=right><B>7,721,409 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px"><B>Liabilities - (Charges) / credits</B></P></TD>
<TD vAlign=top width=64>
<P>&nbsp;</P></TD>
<TD vAlign=top width=80>
<P>&nbsp;</P></TD>
<TD vAlign=top width=80>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Short term liabilities with banks and financial
institutions</P></TD>
<TD vAlign=top width=64>
<P style="MARGIN: 0px">&nbsp;US$ </P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>( 540,798)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Bonds payable</P></TD>
<TD vAlign=top width=64>
<P style="MARGIN: 0px">&nbsp;US$ </P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>( 39,065)</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>( 155,522)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Accounts payable</P></TD>
<TD vAlign=top width=64>
<P style="MARGIN: 0px">&nbsp;US$ </P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>( 1,744)</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>( 43,710)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Provisions</P></TD>
<TD vAlign=top width=64>
<P style="MARGIN: 0px">&nbsp;US$ </P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>( 3,676)</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>10,239</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Other current liabilities</P></TD>
<TD vAlign=top width=64>
<P style="MARGIN: 0px">&nbsp;US$ </P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>( 42,941)</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>( 33,605)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Long term bonds payable</P></TD>
<TD vAlign=top width=64>
<P style="MARGIN: 0px">&nbsp;US$ </P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>564,424</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>( 790,796)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Withholdings</P></TD>
<TD vAlign=top width=64>
<P style="MARGIN: 0px">&nbsp;US$ </P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>0</P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right>( 2)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px"><B>Total (charges) credits</B></P></TD>
<TD vAlign=top width=64>
<P style="MARGIN: 0px"><B>&nbsp;US$ </B></P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right><B>476,998</B></P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right><B>( 1,554,194)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px"><B>Foreign exchange gain (loss) on
income</B></P></TD>
<TD vAlign=top width=64>
<P style="MARGIN: 0px"><B>&nbsp;US$ </B></P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px" align=right><B>( 3,193,193)</B></P></TD>
<TD vAlign=bottom width=80>
<P style="MARGIN: 0px"
align=right><B>6,167,215</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 31 - EXTRAORDINARY ITEMS</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">There were no extraordinary items in 2007 and 2006.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 32 - SHARE AND DEBT SECURITY ISSUE AND PLACEMENT
EXPENSES</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Bond issue and placement expenses are presented in Other
current assets and Other long-term assets and are amortized on a straight-line
basis over the term of the debt issued. Amortization is presented as financial
expenses.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Bonds issued in the US market:</P>
<P style="MARGIN: 0px">Debt issue costs and discounts have all been amortized,
as a result of the repurchase of Bonds reported in note 22.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Bonds issued in the local market:</P>
<P style="MARGIN: 0px">Debt issue costs and discounts amounted to
ThCh$3,239,428. &nbsp;Disbursements for risk rating reports, legal and financial
advisory services, printing and placement fees are included as Debt issue
costs.</P>
<P style="MARGIN: 0px">Amortization for the period 2007 amounted to ThCh$147,252
and ThCh$160,339 in 2006.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 33 - CONSOLIDATED STATEMENT OF CASH FLOWS</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">For the projection of future cash flows, there are no
transactions and events to consider which have not been revealed in these
financial statements and accompanying notes. </P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">34</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The following table presents an itemization of the
movement of assets and liabilities not affecting the cash flow in the period,
but compromising future cash flows.</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=276></TD>
<TD width=81></TD>
<TD width=114></TD>
<TD width=86></TD>
<TD width=112></TD></TR>
<TR>
<TD vAlign=bottom width=276>
<P style="MARGIN: 0px"><B>Expected Cash Flows</B></P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=center><B>Maturity Date</B></P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=center><B>June 30, 2006</B></P></TD>
<TD vAlign=bottom width=112>
<P style="MARGIN: 0px" align=center><B>Maturity Date</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=276>
<P style="MARGIN: 0px"><B>Expenses</B></P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=112>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=276>
<P style="MARGIN: 0px">Dividend payments</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>52,042,412</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>05-Jul-07</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=112>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=276>
<P style="MARGIN: 0px">Dividend payments</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>5,588,018</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>26-Jul-07</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>( 4,600,056)</P></TD>
<TD vAlign=bottom width=112>
<P style="MARGIN: 0px" align=right>26-Jul-06</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=276>
<P style="MARGIN: 0px">Additions to property, plant and equipment</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>1,207,825</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>31-Aug-07</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>( 1,490,355)</P></TD>
<TD vAlign=bottom width=112>
<P style="MARGIN: 0px" align=right>31-Aug-06</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=276>
<P style="MARGIN: 0px">Additions to property, plant and equipment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>621,285</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>31-Jul-07</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>( 255,764)</P></TD>
<TD vAlign=bottom width=112>
<P style="MARGIN: 0px" align=right>31-Jul-06</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=276>
<P style="MARGIN: 0px">Additions to property, plant and equipment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>63,810</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>30-Sep-07</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px; COLOR: #0000ff" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=112>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=276>
<P style="MARGIN: 0px"><B>Total expenses</B></P></TD>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right><B>59,523,350</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right><B>( 6,346,175)</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=112>
<P style="MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=276>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=112>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=276>
<P style="MARGIN: 0px"><B>Income</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=81>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=114>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=112>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=276>
<P style="MARGIN: 0px">Sale of property, plant and equipment</P></TD>
<TD vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right>9,852</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>15-Aug-07</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>4,429</P></TD>
<TD vAlign=bottom width=112>
<P style="MARGIN: 0px" align=right>15-Aug-06</P></TD></TR>
<TR>
<TD vAlign=bottom width=276>
<P style="MARGIN: 0px"><B>Total income</B></P></TD>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right><B>9,852</B></P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right><B>4,429</B></P></TD>
<TD vAlign=bottom width=112>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=276>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=112>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=276>
<P style="MARGIN: 0px"><B>Total net</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=81>
<P style="MARGIN: 0px" align=right><B>59,533,202</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right><B>( 6,341,746)</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=112>
<P style="MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">35</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 720px">
<P style="MARGIN: 0px">NOTE 34 - DERIVATIVE CONTRACTS</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=42></TD>
<TD width=53></TD>
<TD width=45></TD>
<TD width=49></TD>
<TD width=60></TD>
<TD width=55></TD>
<TD width=91></TD>
<TD width=48></TD>
<TD width=48></TD>
<TD width=116></TD>
<TD width=53></TD>
<TD width=45></TD>
<TD width=44></TD>
<TD width=16></TD></TR>
<TR>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=60>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=140 colSpan=2>
<P
style="FONT-SIZE: 6pt; PADDING-BOTTOM: 4px; MARGIN: 0px; LINE-HEIGHT: 8pt; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Hedged item or transaction </B></P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=169 colSpan=2>
<P
style="FONT-SIZE: 6pt; PADDING-BOTTOM: 4px; MARGIN: 0px; LINE-HEIGHT: 8pt; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Assets/liabilities </B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=42>
<P
style="FONT-SIZE: 6pt; PADDING-BOTTOM: 4px; MARGIN: 0px; LINE-HEIGHT: 8pt; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: Palatino Linotype"
align=center><B>Deriva&shy;tive </B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; PADDING-BOTTOM: 4px; MARGIN: 0px; LINE-HEIGHT: 8pt; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: Palatino Linotype"
align=center><B>Contract </B></P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6pt; PADDING-BOTTOM: 4px; MARGIN: 0px; LINE-HEIGHT: 8pt; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Value </B></P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; PADDING-BOTTOM: 4px; MARGIN: 0px; LINE-HEIGHT: 8pt; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: Palatino Linotype"
align=center><B>Maturity<BR>Period </B></P></TD>
<TD vAlign=bottom width=60>
<P
style="FONT-SIZE: 6pt; PADDING-BOTTOM: 4px; MARGIN: 0px; LINE-HEIGHT: 8pt; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Specific Item </B></P></TD>
<TD vAlign=bottom width=55>
<P
style="FONT-SIZE: 6pt; PADDING-BOTTOM: 4px; MARGIN: 0px; LINE-HEIGHT: 8pt; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: Palatino Linotype"
align=center><B>Position purchase/<BR>sale </B></P></TD>
<TD vAlign=bottom width=91>
<P
style="FONT-SIZE: 6pt; PADDING-BOTTOM: 4px; MARGIN: 0px; LINE-HEIGHT: 8pt; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Concept </B></P></TD>
<TD vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; PADDING-BOTTOM: 4px; MARGIN: 0px; LINE-HEIGHT: 8pt; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: Palatino Linotype"
align=center><B>Amount </B></P></TD>
<TD vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; PADDING-BOTTOM: 4px; MARGIN: 0px; LINE-HEIGHT: 8pt; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Hedged item value </B></P></TD>
<TD vAlign=bottom width=116>
<P
style="FONT-SIZE: 6pt; PADDING-BOTTOM: 4px; MARGIN: 0px; LINE-HEIGHT: 8pt; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Item </B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; PADDING-BOTTOM: 4px; MARGIN: 0px; LINE-HEIGHT: 8pt; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Net Carrying Values </B></P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6pt; PADDING-BOTTOM: 4px; MARGIN: 0px; LINE-HEIGHT: 8pt; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: Palatino Linotype"
align=center><B>Realized Income </B></P></TD>
<TD vAlign=bottom width=60 colSpan=2>
<P
style="FONT-SIZE: 6pt; PADDING-BOTTOM: 4px; MARGIN: 0px; LINE-HEIGHT: 8pt; BORDER-BOTTOM: #000000 1px solid; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Deferred Income (loss) </B></P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P>&nbsp;</P></TD>
<TD vAlign=top width=53>
<P>&nbsp;</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=49>
<P>&nbsp;</P></TD>
<TD vAlign=top width=60>
<P>&nbsp;</P></TD>
<TD vAlign=top width=55>
<P>&nbsp;</P></TD>
<TD vAlign=top width=91>
<P>&nbsp;</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=116>
<P>&nbsp;</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">SWAP</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">CCPE</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>2,702,945</P></TD>
<TD vAlign=top width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>3Q07</P></TD>
<TD vAlign=top width=60>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">US$
Exchange Rate</P></TD>
<TD vAlign=top width=55>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>S</P></TD>
<TD vAlign=top width=91>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Long
term bonds US$</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>3,524,950</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>2,817,176</P></TD>
<TD vAlign=top width=116>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Other
long term and current assets</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>1,279,796 </P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>89,914 </P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>(1,504)</P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">SWAP</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">CCPE</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>39,527,123</P></TD>
<TD vAlign=top width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>4Q07</P></TD>
<TD vAlign=top width=60>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">US$
Exchange Rate</P></TD>
<TD vAlign=top width=55>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>S</P></TD>
<TD vAlign=top width=91>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Long
term bonds US$</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>45,346,950</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>39,514,500</P></TD>
<TD vAlign=top width=116>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Other
long term and current assets</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>10,534,832 </P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>1,187,286 </P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>869,911 </P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">SWAP</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">CCPE</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>8,070,441</P></TD>
<TD vAlign=top width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>1Q08</P></TD>
<TD vAlign=top width=60>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">US$
Exchange Rate</P></TD>
<TD vAlign=top width=55>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>S</P></TD>
<TD vAlign=top width=91>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Long
term bonds US$</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>10,574,850</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>8,033,783</P></TD>
<TD vAlign=top width=116>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Other
long term and current assets</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>3,814,868 </P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>268,366 </P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>(21,179)</P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">SWAP</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">CCPE</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>8,022,880</P></TD>
<TD vAlign=top width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>3Q08</P></TD>
<TD vAlign=top width=60>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">US$
Exchange Rate</P></TD>
<TD vAlign=top width=55>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>S</P></TD>
<TD vAlign=top width=91>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Long
term bonds US$</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>10,574,850</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>8,256,078</P></TD>
<TD vAlign=top width=116>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Other
long term and current assets</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>3,789,439 </P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>265,857 </P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>37,796 </P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">SWAP</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">CCPE</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>13,167,268</P></TD>
<TD vAlign=top width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>3Q08</P></TD>
<TD vAlign=top width=60>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">US$
Exchange Rate</P></TD>
<TD vAlign=top width=55>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>S</P></TD>
<TD vAlign=top width=91>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Long
term bonds US$</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>16,979,441</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>13,132,136</P></TD>
<TD vAlign=top width=116>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Other
long term and current assets</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>6,100,826 </P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>433,278 </P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>278,945 </P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">SWAP</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">CCPE</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>5,422,542</P></TD>
<TD vAlign=top width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>1Q13</P></TD>
<TD vAlign=top width=60>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">US$
Exchange Rate</P></TD>
<TD vAlign=top width=55>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>S</P></TD>
<TD vAlign=top width=91>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Long
term bonds US$</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>6,985,500</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>5,423,956</P></TD>
<TD vAlign=top width=116>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Other
long term and current assets</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>2,551,502 </P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>179,059 </P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>787,865 </P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">FR</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">CCTE</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>8,909,867</P></TD>
<TD vAlign=top width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>3Q07</P></TD>
<TD vAlign=top width=60>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">US$
Exchange Rate</P></TD>
<TD vAlign=top width=55>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>P</P></TD>
<TD vAlign=top width=91>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Suppliers
Foreign Currecny</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>8,949,771</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0</P></TD>
<TD vAlign=top width=116>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Other
current assets and liabilities</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>80,188 </P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0 </P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>80,188 </P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">FR</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">CCTE</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>14,534,370</P></TD>
<TD vAlign=top width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>3Q07</P></TD>
<TD vAlign=top width=60>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">US$
Exchange Rate</P></TD>
<TD vAlign=top width=55>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>S</P></TD>
<TD vAlign=top width=91>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Suppliers
Foreign Currecny</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>14,532,561</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0</P></TD>
<TD vAlign=top width=116>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Other
current assets and liabilities</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>172,555 </P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0 </P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>(172,555)</P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">FR</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">CCTE</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>34,110,641</P></TD>
<TD vAlign=top width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>4Q07</P></TD>
<TD vAlign=top width=60>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">US$
Exchange Rate</P></TD>
<TD vAlign=top width=55>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>P</P></TD>
<TD vAlign=top width=91>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Suppliers
Foreign Currecny</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>34,187,945</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0</P></TD>
<TD vAlign=top width=116>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Other
current assets and liabilities</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>279,047 </P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0 </P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>279,047 </P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">FR</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">CCTE</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>3,193,299</P></TD>
<TD vAlign=top width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>4Q07</P></TD>
<TD vAlign=top width=60>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">US$
Exchange Rate</P></TD>
<TD vAlign=top width=55>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>S</P></TD>
<TD vAlign=top width=91>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Suppliers
Foreign Currecny</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>3,161,120</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0</P></TD>
<TD vAlign=top width=116>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Other
current assets and liabilities</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>58,281 </P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0 </P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>(58,281)</P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">FU</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">CCPE</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>412,423</P></TD>
<TD vAlign=top width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>3Q07</P></TD>
<TD vAlign=top width=60>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Raw
Material Prices</P></TD>
<TD vAlign=top width=55>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>S</P></TD>
<TD vAlign=top width=91>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Future
Purchases Raw Materials</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>448,930</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>385,290</P></TD>
<TD vAlign=top width=116>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Other
current assets</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>32,560 </P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0 </P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>32,560 </P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">FU</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">CI</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>347,362</P></TD>
<TD vAlign=top width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>3Q07</P></TD>
<TD vAlign=top width=60>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Raw
Material Prices</P></TD>
<TD vAlign=top width=55>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>S</P></TD>
<TD vAlign=top width=91>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Future
Purchases Raw Materials</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0</P></TD>
<TD vAlign=top width=116>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Other
current assets</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>81,023 </P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>7,043 </P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0 </P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">FU</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">CCPE</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>804,262</P></TD>
<TD vAlign=top width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>4Q07</P></TD>
<TD vAlign=top width=60>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Raw
Material Prices</P></TD>
<TD vAlign=top width=55>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>S</P></TD>
<TD vAlign=top width=91>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Future
Purchases Raw Materials</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>884,646</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>732,928</P></TD>
<TD vAlign=top width=116>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Other
current assets</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>55,715 </P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0 </P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>55,715 </P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">FU</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">CI</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>319,395</P></TD>
<TD vAlign=top width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>4Q07</P></TD>
<TD vAlign=top width=60>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Raw
Material Prices</P></TD>
<TD vAlign=top width=55>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>S</P></TD>
<TD vAlign=top width=91>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Future
Purchases Raw Materials</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0</P></TD>
<TD vAlign=top width=116>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Other
current assets</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>81,912 </P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>11,497 </P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0 </P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">FU</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">CCPE</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>487,343</P></TD>
<TD vAlign=top width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>1Q08</P></TD>
<TD vAlign=top width=60>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Raw
Material Prices</P></TD>
<TD vAlign=top width=55>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>S</P></TD>
<TD vAlign=top width=91>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Future
Purchases Raw Materials</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>503,578</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>439,594</P></TD>
<TD vAlign=top width=116>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Other
current assets</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>66,707 </P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0 </P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>66,707 </P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=42>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">FU</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">CI</P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>499,948</P></TD>
<TD vAlign=top width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>1Q08</P></TD>
<TD vAlign=top width=60>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Raw
Material Prices</P></TD>
<TD vAlign=top width=55>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=center>S</P></TD>
<TD vAlign=top width=91>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Future
Purchases Raw Materials</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0</P></TD>
<TD vAlign=top width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0</P></TD>
<TD vAlign=top width=116>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype">Other
current assets</P></TD>
<TD vAlign=top width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>110,472 </P></TD>
<TD vAlign=top width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>27,078 </P></TD>
<TD vAlign=top width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Palatino Linotype"
align=right>0 </P></TD>
<TD vAlign=top width=16>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:M24></A>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">36</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 35 - CONTINGENCIES AND RESTRICTIONS</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">a.</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Litigation and other legal
actions:</P>
<P style="MARGIN: 0px">Andina and its subsidiaries are involved or likely to be
involved in material judicial or out-of-court litigation that, in the opinion of
its legal advisors, could result in relevant gains or losses for the Company.
</P>
<P style="MARGIN: 0px">Current lawsuits and other legal actions are described
below.</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 47px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -47px">1)</P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px">Embotelladora del Atl&#225;ntico S.A.
faces labor and other lawsuits. &nbsp;Accounting provisions to back any probable
loss contingency stemming from these lawsuits, amounts to ThCh$1,492,302
(ThCh$1,861,745 in 2006). &nbsp;In accordance with its legal counsel&#146;s opinion,
the Company deems improbable that unstipulated contingencies may affect the
results or equity of the Company. &nbsp;</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 47px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -47px">2)</P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px">Rio de Janeiro Refrescos Ltda. faces
labor, tax and other lawsuits. Accounting provisions to back any probable loss
contingency arising from these lawsuits, amounts to ThCh$975,166
(ThCh$18,687,457 in 2006). &nbsp;In accordance with its legal counsel&#146;s opinion,
the Company deems improbable that unstipulated contingencies may affect the
results or equity of the Company. &nbsp;</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 47px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -47px">3)</P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px">Embotelladora Andina S.A. faces,
labor, tax, commercial and other lawsuits. &nbsp;Accounting provisions to back
any probable loss contingency stemming from these lawsuits, amounts to
ThCh$64,696 (ThCh$66,156 in 2006). &nbsp;&nbsp;In accordance with its legal
counsel&#146;s opinion, the Company deems improbable that contingencies without
provisions may affect the results or equity of the Company.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">b.</P>
<P style="MARGIN: 0px; TEXT-INDENT: 47px">Restrictions</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The bond issue and placement on the US market for US$ 350
million is subject to certain restrictions against preventive attachments, sale
and leaseback transactions, sale of assets, subsidiary debt and certain
conditions in the event of a merger or consolidation.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The bond issue and placement in the Chilean market for UF
7,000,000 is subject to the following restrictions:</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Leverage ratio, defined as the total financial
debt/shareholder&#146;s equity plus minority interest should be less than 1.20
times.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Financial debt shall be deemed Consolidated Finance
Liabilities which include: (i) short-term bank liabilities, (ii) short-term
portion of long-term bank liabilities, (iii) short-term bonds payable-promissory
notes, (iv) short-term portion of bonds payable, (v)&nbsp;long-term bank
liabilities, and (vi) long-term bonds payable. &nbsp;Consolidated equity means
Total equity plus Minority Interest.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Consolidated assets are to be free of any pledge,
mortgage or other encumbrance for an amount equal to at least 1.30 times the
consolidated liabilities that are not guaranteed by the investee.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Andina must retain and, in no way, lose, sell, assign or
dispose of to a third party the geographical zone denominated &#147;Regi&#243;n
Metropolitana&#148;, as a franchised territory in Chile by The Coca-Cola Company for
the preparation, production, sale and distribution of the products and brands in
accordance with the respective Bottling agreement, renewable from time to
time.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Andina shall not lose, sell, assign or dispose of to a
third party any other territory in Brazil or Argentina that is currently
franchised to Andina by The Coca-Cola Company for the preparation, production,
sale and distribution of the products and brands of the franchisor, as long as
the referred territory represents more than forty percent of the Company&#146;s
Consolidated Operating Cash Flows.</P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">37</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">c.</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">Direct guarantees</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Guarantees at June 30, 2007 are presented on the
following table: </P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A3:I11></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=109></TD>
<TD width=66></TD>
<TD width=65></TD>
<TD width=54></TD>
<TD width=0.8></TD>
<TD width=58></TD>
<TD width=80></TD>
<TD width=0.933></TD>
<TD width=52></TD>
<TD width=59></TD>
<TD width=59></TD>
<TD width=65></TD></TR>
<TR>
<TD vAlign=bottom width=175 colSpan=2>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=120 colSpan=3>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">&nbsp;Debtor
</P></TD>
<TD vAlign=bottom width=139 colSpan=2>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">&nbsp;Assets
involved </P></TD>
<TD vAlign=bottom width=119 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">&nbsp;Balances
pending at end of period June 30 </P></TD>
<TD vAlign=bottom width=65>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">&nbsp;Release of
Guaranty </P></TD></TR>
<TR>
<TD vAlign=bottom width=109>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><U>&nbsp;Guarantee creditor </U></P></TD>
<TD vAlign=bottom width=131 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"><U>&nbsp;Name
</U></P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"><U>&nbsp;Relation
</U></P></TD>
<TD vAlign=bottom width=59 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><U>&nbsp;Type of guarantee </U></P></TD>
<TD vAlign=bottom width=81 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><U>&nbsp;Type </U></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><U>&nbsp;Book value </U></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><U>&nbsp;2007 </U></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><U>&nbsp;2006 </U></P></TD>
<TD vAlign=bottom width=65>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><U>&nbsp;June 30, 2009 </U></P></TD></TR>
<TR>
<TD vAlign=bottom width=109>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=131 colSpan=2>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=54>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59 colSpan=2>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=81 colSpan=2>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><U>&nbsp;ThCh$ </U></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><U>&nbsp;ThCh$ </U></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><U>&nbsp;ThCh$ </U></P></TD>
<TD vAlign=bottom width=65>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><U>&nbsp;ThCh$ </U></P></TD></TR>
<TR>
<TD vAlign=bottom width=109>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">ESTADO RIO DE
JANEIRO</P></TD>
<TD vAlign=bottom width=131 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">RIO DE JANEIRO
REFRESCOS LTDA.</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Subsidiary</P></TD>
<TD vAlign=bottom width=59 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Mortgage</P></TD>
<TD vAlign=bottom width=81 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Real Estate
Judicial Deposit</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>11,865,529</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>11,107,630</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>10,415,224</P></TD>
<TD vAlign=bottom width=65>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=109>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">UNIAO
FEDERAL</P></TD>
<TD vAlign=bottom width=131 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">RIO DE JANEIRO
REFRESCOS LTDA.</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Subsidiary</P></TD>
<TD vAlign=bottom width=59 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Mortgage</P></TD>
<TD vAlign=bottom width=81 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Real Estate
Judicial Deposit</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>70,658</P></TD>
<TD vAlign=bottom width=65>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=109>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">PODER
JUDICIARIO</P></TD>
<TD vAlign=bottom width=131 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">RIO DE JANEIRO
REFRESCOS LTDA.</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Subsidiary</P></TD>
<TD vAlign=bottom width=59 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Judicial
Deposit</P></TD>
<TD vAlign=bottom width=81 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Judicial
Deposit</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>8,580,391</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD>
<TD vAlign=bottom width=65>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=109>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">ADUANA DE BUENOS
AIRES</P></TD>
<TD vAlign=bottom width=131 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">EMBOTELLADORA DEL
ATLANTICO S.A.</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Subsidiary</P></TD>
<TD vAlign=bottom width=59 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Guaranty</P></TD>
<TD vAlign=bottom width=81 colSpan=2>
<P
style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Inventories</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>2,057,360</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD>
<TD vAlign=bottom width=65>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=109>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">AGA S.A.</P></TD>
<TD vAlign=bottom width=131 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">EMBOTELLADORA
ANDINA S.A.</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Parent
Company</P></TD>
<TD vAlign=bottom width=59 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Guaranty
Receipt</P></TD>
<TD vAlign=bottom width=81 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Guaranty
Receipt</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>158,058</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>166,525</P></TD>
<TD vAlign=bottom width=65>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>158,058</P></TD></TR>
<TR>
<TD vAlign=bottom width=109>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">MUNICIPALIDAD DE
SANTIAGO</P></TD>
<TD vAlign=bottom width=131 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">EMBOTELLADORA
ANDINA S.A.</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Parent
Company</P></TD>
<TD vAlign=bottom width=59 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Guaranty
Receipt</P></TD>
<TD vAlign=bottom width=81 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">Guaranty
Receipt</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>10,430</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD>
<TD vAlign=bottom width=65>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>0</P></TD><A name=RANGE!A3:I10></A></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 36 - GUARANTEES FROM THIRD PARTIES</P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:F25></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=196></TD>
<TD width=67></TD>
<TD width=79></TD>
<TD width=48></TD>
<TD width=44></TD>
<TD width=238></TD></TR>
<TR>
<TD vAlign=bottom width=196>
<P style="MARGIN: 0px"><BR></P>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Guarantor</B></P></TD>
<TD vAlign=bottom width=67>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Relationship</B></P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Type of
Guarantee</B></P></TD>
<TD vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Amount</B></P></TD>
<TD vAlign=bottom width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Currency</B></P></TD>
<TD vAlign=bottom width=238>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Transaction</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Russel W.
Coffin</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Letter of
Credit</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">47,922,759</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Purchase of
Nitvitgov Refrigerantes S.A.</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">CONFAB</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Mortgage</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">30,000,000</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Purchase of
&nbsp;Rio de Janeiro Refrescos Ltda.</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Other
clients</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Deposits</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">2,464,009</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Guaranty over
containers</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Soc. Com.
Champfer</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Mortgage</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">1,105,804</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Distributor
credit</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Constructora
Inarco S.A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Parent
Company</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Policy</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">29,960</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">UF</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Construction
Agreement Puente Alto Distribution Center</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Empresa
Constructora Precon S.A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Parent
Company</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Receipt</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">26,596</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">UF</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Construction
Agreement Maipu Distribution Center</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Mac Coke Dist.
Beb.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Mortgage</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">622,988</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Distributor
credit</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AGA S.A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Parent
Company</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Receipt</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">600,000</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Supplier
Agreement</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">MAESTRANZA JOMA
S.A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Parent
Company</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Receipt</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">294,738</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">ThCh$</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Construction
Agreement Puente Alto-Maipu Distribution Centers</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">ESTRUCTURAS
METALICAS LTDA</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Parent
Company</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Receipt</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">294,738</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">ThCh$</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Construction
Agreement Puente Alto-Maipu Distribution Centers</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">METALURGICA
METTAL LTDA</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Parent
Company</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Receipt</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">294,738</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">ThCh$</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Construction
Agreement Puente Alto-Maipu Distribution Centers</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">EIFFEL
CONSTRUCCIONES METALICAS LTDA</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Parent
Company</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Receipt</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">294,738</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">ThCh$</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Construction
Agreement Puente Alto-Maipu Distribution Centers</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Franciscana
Dist.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Mortgage</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">550,306</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Distributor
credit</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Dist. Real Cola
(Apucarana)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Mortgage</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">539,923</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Distributor
credit</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Zulmer Com&#233;rcio
de Bebidas</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Mortgage</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">441,283</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Distributor
credit</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">ASXT Fluminense
Distrib.Bebidas</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Mortgage</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">373,793</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Distributor
credit</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">ATANOR -
S.C.A</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Guaranty</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">357,087</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Supplier</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">LEDESMA - SAAI
- -</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Guaranty</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">352,590</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Supplier</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Motta
Distribuidora de Beb</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Mortgage</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">337,452</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Distributor
credit</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">LEDESMA - SAAI
- -</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Guaranty</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">330,565</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Supplier</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Aguiar Distrib.de
Bebidas Ltda</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Mortgage</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">311,494</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Distributor
credit</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Rosas de
Casimiro</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Mortgage</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">295,919</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Distributor
credit</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Clauver Nova Dist
Beb Ltda</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Mortgage</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">181,705</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Distributor
credit</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=196>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Catering
Argentina S.A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=67>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Guaranty</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">123,812</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">USD</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=238>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Supplier</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">38</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt">NOTE 37 - LOCAL AND
FOREIGN CURRENCY - &nbsp;&nbsp;ASSETS</P><A name=RANGE!A1:D77></A><A
name=RANGE!A1:D82></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=157></TD>
<TD width=96></TD>
<TD width=70></TD>
<TD width=72></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>June
30</B></P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>June
30</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=70>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>2007</B></P></TD>
<TD vAlign=bottom width=72>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>2006</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Currency</B></P></TD>
<TD vAlign=bottom width=70>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Amount</B></P></TD>
<TD vAlign=bottom width=72>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Amount</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=70>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=72>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Current
Assets</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Cash</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5,008,363 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,583,921 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>21,113,943 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>57,181 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AR$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>840,100 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>508,452 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">R$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,218,128 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,396,965 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Time
Deposits</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">EURO</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>10,729,692 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>16,014,048 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,308,353 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>23,718,413 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AR$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>557,595 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">R$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>154,548 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>584,723 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Marketable
Securities (Net)</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>876,815 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>6,963,962 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>24,644,155 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>15,160,910 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AR$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,397,088 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">R$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,571,124 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Trade Accounts
Receivable (Net)</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>10,159,672 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>10,916,067 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>559,379 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>621,295 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AR$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,638,236 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,122,780 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">R$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>10,708,075 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>8,607,782 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Notes
Receivable</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,372,009 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,858,749 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AR$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>330,897 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>289,119 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">R$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,458,293 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,552,803 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Other debtors
(Net)</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,016,666 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,530,510 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>448,171 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>7,825,107 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AR$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>424,781 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,045,038 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">R$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,825,939 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,742,155 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Notes receivable
related companies</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>927,840 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,117,164 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Inventories
(Net)</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5,140,761 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,725,641 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,109,777 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,261,182 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AR$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,438,489 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,450,705 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">R$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11,571,995 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>9,885,677 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Recoverable
taxes</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,271,710 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>301,983 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>259,098 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>846,418 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AR$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>777,722 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>991,046 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">R$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,289,595 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>7,104,692 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Prepaid
expenses</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,319,488 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,506,718 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>73,285 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>72,503 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AR$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>243,790 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>187,703 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">R$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>665,047 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>417,301 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Deferred
taxes</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AR$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>248,912 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">R$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>257,216 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Other current
assets</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>895,279 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>41,585 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>447,012 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,517,560 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>21,137,994 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,902,148 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AR$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>700,090 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,064,225 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">R$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,083,213 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,431,949 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Property, plant
and equipment</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Property, plant
and equipment</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>68,596,754 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>63,609,343 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>80,240,022 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>81,819,829 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Other
assets</P></TD>
<TD vAlign=bottom width=96>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Investment in
related companies</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>17,949,977 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>18,997,628 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>869,180 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,264,636 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">R$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,722,182 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,523,260 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Investment in
other companies</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>13,243 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>14,681 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>43,373 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>43,369 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Goodwill</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,099,950 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>638,289 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>62,437,424 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>73,520,860 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Long term
debtors</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>10,390 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>52,097 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">R$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>39,979 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>48,298 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AR$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>14,622 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>29,084 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Notes receivable
related companies</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>36,176 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>35,492 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Deferred
Taxes</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>173</P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AR$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>178,555 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Intangibles</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AR$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>420,521 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>443,047 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Amortization</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(262,341)</P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(260,522)</P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Others</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,207,269 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,980,148 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>6,052,118 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>78,058,594 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>114,239,657 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AR$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,225,529 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,631,456 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">R$</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>13,127,073 </P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5,451,536 </P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Total
Assets</B></P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Non-indexed
Ch$</B></P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>50,534,532 </B></P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>43,074,566 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>US$</B></P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>295,010,277 </B></P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>326,064,298 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>AR$</B></P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>13,700,777 </B></P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>13,498,805 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>R$</B></P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>54,121,283 </B></P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>45,318,265 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>EURO</B></P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>10,729,692 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=157>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=96>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Indexed
Ch$</B></P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>88,631,899 </B></P></TD>
<TD vAlign=bottom width=72>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>85,625,072 </B></P></TD><A
name=RANGE!A1:K49></A></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">39</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 37 - LOCAL AND FOREIGN CURRENCY - SHORT-TERM
LIABILITIES </P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=202></TD>
<TD width=80></TD>
<TD width=57></TD>
<TD width=38></TD>
<TD width=57></TD>
<TD width=38></TD>
<TD width=10></TD>
<TD width=56></TD>
<TD width=38></TD>
<TD width=57></TD>
<TD width=38></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>Currency</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=190
colSpan=4>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B><U>&nbsp;Up to 90 days </U></B></P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=189
colSpan=4>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B><U>&nbsp;90 days to 1 year </U></B></P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=95 colSpan=2>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;June 30, 2007 </B></P></TD>
<TD vAlign=bottom width=95 colSpan=2>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;June 30, 2006 </B></P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=94 colSpan=2>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;June 30, 2007 </B></P></TD>
<TD vAlign=bottom width=95 colSpan=2>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;June 30, 2006 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Amount </B></P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Int. Rate </B></P></TD>
<TD vAlign=bottom width=57>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Amount </B></P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Int. Rate </B></P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Amount </B></P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Int. Rate </B></P></TD>
<TD vAlign=bottom width=57>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Amount </B></P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;Int. Rate </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">Short
term bank liabilities</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;% </B></P></TD>
<TD vAlign=bottom width=57>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;% </B></P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;% </B></P></TD>
<TD vAlign=bottom width=57>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"
align=center><B>&nbsp;% </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>AR$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>R$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2.497.504</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>338.615</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">Long
term bank liabilities</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>R$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>528.159</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">Bonds
payable</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>Indexed Ch$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.575.900</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6,9%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>12.821.251</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>7,0%</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.145.976</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6,9%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>US$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>335.915</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6,2%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>353.910</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6,2%</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>16.899.591</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>7,35%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">Dividends
payable </P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>Non-Indexed Ch$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>57.844.398</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>5.028.307</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">Accounts
payable </P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>Non-Indexed Ch$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>14.383.498</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>15.203.572</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>US$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2.369.285</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1.213.767</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>AR$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>4.874.037</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.612.769</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>R$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>8.215.350</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>8.352.543</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>EURO$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2.181</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">Other
creditors</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>AR$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>79.169</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>46.028</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>34.665</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>43.172</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>R$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>3.977.771</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2.920.899</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>US$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>176.764</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">Notes
and accounts payable related companies </P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>Non-Indexed Ch$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1.044.603</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>3.191.778</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>US$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1.359.451</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>946.837</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>AR$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>696.019</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>R$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1.485.606</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2.199.094</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">Provisions
</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>Non-Indexed Ch$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>723.803</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>769.596</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>AR$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>144</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>R$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2.499.897</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">Withholdings
</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>Non-Indexed Ch$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>3.961.818</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>7.366.482</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>AR$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>3.843.936</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2.754.769</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>R$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1.723.155</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>3.221.120</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">Income
Tax Provision</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>Non-Indexed Ch$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>650.307</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2.490.736</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>AR$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>161.251</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>197.043</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>R$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2.489.082</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2.730.531</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">Unearned
Income </P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>Non-Indexed Ch$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>546.382</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>497.216</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">Deferred
Taxes</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>Non-Indexed Ch$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>756.404</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>AR$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>111.373</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype">Other
current liabilities </P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>Non-Indexed Ch$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>4.335.225</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>3.707.696</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt; FONT-FAMILY: Palatino Linotype"><B>Total
Current Liabilities </B></P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>Non-Indexed Ch$</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>83.490.034</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>39.011.787</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>US$</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>4.241.415</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>49.265.907</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>16.899.591</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>AR$</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>8.797.142</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>10.109.729</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>195.916</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>351.588</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>R$</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>18.667.706</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>15.970.040</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>2.061.770</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>6.479.810</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>Indexed Ch$</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>6.575.900</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>12.821.251</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>6.145.976</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=202>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>EURO$</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>2.181</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:J53></A>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">40</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px">NOTE 37 - LOCAL AND FOREIGN CURRENCY - LONG TERM
LIABILITIES AS OF JUNE 30, 2007</P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:J23></A><A
name=RANGE!A1:J24></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=123></TD>
<TD width=79></TD>
<TD width=51></TD>
<TD width=70></TD>
<TD width=46></TD>
<TD width=68></TD>
<TD width=51></TD>
<TD width=62></TD>
<TD width=51></TD>
<TD width=64></TD></TR>
<TR>
<TD vAlign=top width=123>
<P>&nbsp;</P></TD>
<TD vAlign=top width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Currency</B></P></TD>
<TD vAlign=top width=122 colSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt" align=center><B>1
to 3 years</B></P></TD>
<TD vAlign=top width=166 colSpan=3>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt" align=center><B>3
to 5 years</B></P></TD>
<TD vAlign=top width=114 colSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt" align=center><B>5
to 10 years</B></P></TD>
<TD vAlign=top width=64>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Over 10 years</B></P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P>&nbsp;</P></TD>
<TD vAlign=top width=79>
<P>&nbsp;</P></TD>
<TD vAlign=top width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=top width=70 rowSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Average int rate %</B></P></TD>
<TD vAlign=top width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=top width=68 rowSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Average int rate %</B></P></TD>
<TD vAlign=top width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=top width=62 rowSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Average int rate %</B></P></TD>
<TD vAlign=top width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=top width=64 rowSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Average int rate %</B></P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P>&nbsp;</P></TD>
<TD vAlign=top width=79>
<P>&nbsp;</P></TD>
<TD vAlign=top width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=top width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=top width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=top width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Current portion
of long term bank liabilities</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">R$</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>778,427</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Bonds
payable</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">US$</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2,107,441</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>7.63%</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>4,053,511</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.90%</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>8,106,992</P></TD>
<TD vAlign=bottom width=68>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.90%</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>20,267,479</P></TD>
<TD vAlign=bottom width=62>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.90%</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>36,481,446</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.90%</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Other
creditors</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">AR$</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>104,077</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">R$</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>30,234</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Notes and
accounts payable related companies</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>3,403,981</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Provisions</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>710,908</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>5,141,982</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">AR$</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1,492,302</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">R$</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>9,829,015</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Deferred
taxes</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1,683,980</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">AR$</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>607,690</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">R$</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>4,768,053</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Other
liabilities</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>5,057,522</P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">AR$</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>222,346</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2,001,118</P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">R$</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2,811,990</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Total Long
term liabilities</B></P></TD>
<TD vAlign=bottom width=79>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>R$</B></P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>18,187,485</B></P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>30,234</B></P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>US$</B></P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>2,107,441</B></P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Indexed
Ch$</B></P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>4,053,511</B></P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>8,106,992</B></P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>20,267,479</B></P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>36,481,446</B></P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>AR$</B></P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>1,596,379</B></P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>830,036</B></P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>2,001,118</B></P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=top width=123>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Non-indexed
Ch$</B></P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>5,798,869</B></P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=68>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>5,057,522</B></P></TD>
<TD vAlign=bottom width=62>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>5,141,982</B></P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">41</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px">NOTE 37 - LOCAL AND FOREIGN CURRENCY - LONG TERM
LIABILITIES AS OF JUNE 30, 2006</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:J22></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=199></TD>
<TD width=87></TD>
<TD width=52></TD>
<TD width=42></TD>
<TD width=47></TD>
<TD width=50></TD>
<TD width=52></TD>
<TD width=45></TD>
<TD width=52></TD>
<TD width=44></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=87>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Currency</B></P></TD>
<TD vAlign=bottom width=94 colSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt" align=center><B>1
to 3 years</B></P></TD>
<TD vAlign=bottom width=97 colSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt" align=center><B>3
to 5 years</B></P></TD>
<TD vAlign=bottom width=97 colSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt" align=center><B>5
to 10 years</B></P></TD>
<TD vAlign=bottom width=97 colSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Over 10 years</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=87>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=bottom width=42 rowSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Average int rate %</B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=bottom width=50 rowSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Average int rate %</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=bottom width=45 rowSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Average int rate %</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=bottom width=44 rowSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Average int rate %</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=87>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Long term bank
liabilities</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">R$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>334z,005</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Bonds
Payable</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">US$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>17,804,866</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>7.00%</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2,220,335</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>7.63%</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>12,327,341</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.20%</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>8,130,349</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.50%</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>17,238,831</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.50%</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>43,738,662</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.50%</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Other
creditors</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">AR$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>142,599</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">R$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>48,599</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Notes and
accounts payable related companies</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>3,808,476</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Provisions</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>4,567,033</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>618,605</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">AR$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1,861,745</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">R$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>18,687,457</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Other
liabilities</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>89,443</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>4,742,688</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">AR$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>224,896</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2,024,064</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">R$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2,105,241</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Total long
term liabilities</B></P></TD>
<TD vAlign=bottom width=87>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>R$</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>21,126,703</B></P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>48,599</B></P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>US$</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>17,804,866</B></P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>2,220,335</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Indexed
Ch$</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>12,327,341</B></P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>8,130,349</B></P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>17,238,831</B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>48,305,695</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>AR$</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>2,004,344</B></P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>224,896</B></P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>2,024,064</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=199>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=87>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Non-indexed
Ch$</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>4,516,524</B></P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>4,742,688</B></P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>0</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">42</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 38 &#150; PENALTIES</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The Company has not been subject to penalties by the SVS
or any other administrative authority.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 39 - SUBSEQUENT EVENTS</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">There are no matters to be reported which have occurred
between the closing period of June 30, 2007 and the date of preparation of these
financial statements that may have an impact over Company assets, liabilities
and/or results.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 40 - COMPANIES SUBJECT TO SPECIAL REGULATIONS</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Andina and its subsidiaries are not subject to special
regulations.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">NOTE 41 &#150; ENVIRONMENT</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The Company has disbursed ThCh$1,039,245 to improve its
industrial process, industrial waste metering equipment, laboratory analyses,
environmental impact consultancy and other studies. &nbsp;Future commitments,
which are all short-term and for the same concepts, amount to ThCh$3,082,230.-
</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">ANALYSYS OF THE CONSOLIDATED FINANCIAL STATEMENTS</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px">Highlights</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 92px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px; FONT-FAMILY: Symbol">&#183;</P>
<P style="PADDING-LEFT: 92px; MARGIN: 0px">Operating Income reached US$38.4
million during the Second Quarter of 2007, increasing 26.7% compared to the same
period of the previous year. &nbsp;Operating Margin was 14.6%.</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 92px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px; FONT-FAMILY: Symbol">&#183;</P>
<P style="PADDING-LEFT: 92px; MARGIN: 0px">Consolidated Sales Volume for the
Second Quarter amounted to 95.6 million unit cases, an increase of 5.7% during
the quarter. </P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 92px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px; FONT-FAMILY: Symbol">&#183;</P>
<P style="PADDING-LEFT: 92px; MARGIN: 0px">Second Quarter EBITDA totaled US$52.5
million, representing an increase of 16.1. % compared to the Second Quarter of
2006. EBITDA Margin was 19.9%.</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 92px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px; FONT-FAMILY: Symbol">&#183;</P>
<P style="PADDING-LEFT: 92px; MARGIN: 0px">Net Income for the Second Quarter of
2007 reached US$24.2 million, 25% higher than the figure recorded in the Second
Quarter of 2006.</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 92px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px; FONT-FAMILY: Symbol">&#183;</P>
<P style="PADDING-LEFT: 92px; MARGIN: 0px">Consolidated Operating Income reached
US$92.6 million during the period ended June 30, 2007, 17.6% higher than the
figure recorded as of June 30, 2006. &nbsp;Operating Margin was 16.4%. </P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 92px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px; FONT-FAMILY: Symbol">&#183;</P>
<P style="PADDING-LEFT: 92px; MARGIN: 0px">Consolidated Sales Volume for the
period ended June 30, 2007 totaled 209.7 million unit cases, an increase of 6.0%
compared to 2006. </P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 92px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px; FONT-FAMILY: Symbol">&#183;</P>
<P style="PADDING-LEFT: 92px; MARGIN: 0px">Consolidated EBITDA for the period
ended June 30, 2007 amounted to US$120.2 million, an increase of 10.9%.
&nbsp;EBITDA Margin was 21.3%.</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 92px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px; FONT-FAMILY: Symbol">&#183;</P>
<P style="PADDING-LEFT: 92px; MARGIN: 0px">Net Income for the First Half of 2007
reached US$66.5 million, 9.9% higher than the First Half of 2006.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px"><U>Comments from the Chief Executive
Officer, Mr. Jaime Garcia R.</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">&#147;For the Second Quarter of 2007, the Company reported
satisfactory results. In terms of volume and cash generation, Andina continues
on a path of growth that for this period was mainly driven by our Brazilian
operations. &nbsp;&nbsp;It is worth mentioning that during the Second Quarter of
2007 we launched several products in the Light (Diet) and Still beverages
categories which have been very successful in the three countries where Andina
operates. &nbsp;We are confident that the remainder of 2007 will prove to be a
good one for Andina.&#148;</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><U>CONSOLIDATED SUMMARY</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px"><U>First Half ended June 30, 2007 vs.
First Half ended June 30, 2006</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">During the First Half of 2007, the Company reported solid
results, due to growth in volume, increases in real prices and positive
macro-economic surroundings. The average 6.5% appreciation of the Brazilian real
has had a positive impact over our dollar-denominated cost and the translation
of figures. &nbsp;The Chilean and Argentine peso remained relatively stable,
with an average depreciation of 1.5% and 0.9%, respectively.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Consolidated Sales Volume amounted to 209.7 million unit
cases, an increase of 6.0%. &nbsp;Soft Drinks increased 5.6%, while the Juices,
Waters and Beer categories together increased by 10.8%. </P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">43</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Net Sales amounted to US$563.5 million, 12.8% higher than
2006. &nbsp;This was a result of higher volumes and price adjustments in the
three countries where the Company operates and the favorable exchange rate in
Brazil upon the translation of figures. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Cost of Sales per unit case increased 3.3% compared to
the First Half of 2006, mainly due to the increase of costs in important raw
materials such as sugar and concentrate (due to price increases) and higher
labor costs. &nbsp;These were partially offset by the appreciation of the
Brazilian real and the decrease of PET resin costs at the consolidated level.
</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">On the other hand, SG&amp;A expenses increased 17.2% as a
result of higher volumes, increases in advertising expenses, and freight fees,
which rose due to higher labor costs and fuel prices. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Consolidated Operating Income amounted to US$92.6
million, a 17.6% increase compared to the First Half of 2006. Operating Margin
was 16.4%, an increase of 60 basis points. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Consolidated EBITDA amounted to US$120.2 million, an
increase of 10.9%. EBITDA Margin was 21.3%, a decrease of 40 basis points.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px"><U>Second Quarter 2007 vs. Second
Quarter 2006</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Consolidated Sales Volume for the Second Quarter of 2007
reached 95.6 million unit cases, a 5.7% increase compared to the same period of
the previous year. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Net Sales amounted to US$263.7 million, representing a
15.6% improvement compared to the Second Quarter of 2006, mainly due to
increased volumes and a significant increase in average income in the three
countries in where the Company operates.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Cost of Sales per unit case increased 4.6%, mainly
explained by the previously-mentioned circumstances during the First Half of
2007. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">SG&amp;A expenses increased 21.2%, as a result of
increased volumes, higher freight fees and the increase in advertising expenses.
</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Consolidated Operating Income amounted to US$38.4
million, a 26.7% increase compared to the Second Quarter of 2006. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Operating Margin was 14.6%, an increase of 130 basis
points. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Finally, Consolidated EBITDA amounted to US$52.5 million,
a 16.1% improvement compared to the same period of the previous year. EBITDA
Margin was 19.9%, representing an increase of 10 basis points compared to the
Second Quarter of 2006.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><U>SUMMARY BY COUNTRY</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><U>CHILE</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px"><U>First Half ended June 30, 2007 vs.
First Half ended June 30, 2006</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">During the First Half of 2007, Sales Volume amounted to
70.7 million unit cases; a 3.5% growth impacted by the harsh winter season, but
partially offset by the significant launch of Coca-Cola Zero during the period.
This increase was also impacted by increased Soft Drink volumes (+3.2%), as well
as an increase in the Juices and Waters segment (+4.6%). </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Net Sales amounted to US$209.7 million, a 4.7%
improvement compared to the previous year, as a result of higher volumes and
price adjustments</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Operating Income was 9.6% higher than the figure reported
in the same period of 2006, amounting to US$50.0 million. &nbsp;</P>
<P style="MARGIN: 0px">Operating Margin was 23.8%, an increase of 100 basis
points compared to the previous year.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">EBITDA amounted to US$61.2 million, 4.2% higher than the
EBITDA figure recorded in 2006. &nbsp;EBITDA Margin was 29.2%, a decrease of 10
basis points.</P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">44</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px"><U>Second Quarter 2007 vs. Second
Quarter 2006</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">During the Second Quarter of 2007 Sales Volume amounted
to 31.9 million unit cases, a 1.1% growth compared to the same period of the
previous year, strongly impacted by the low temperatures of this winter season,
one of the coldest during the past 25 years. Soft Drinks increased by 0.7%,
while Juices and Waters increased 3.4%. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Net Sales amounted to US$94.9 million, reflecting a
growth of 3.0%, driven by the increase in real prices. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Cost of Sales per unit case decreased a 0.7%. &nbsp;This
lower cost is mainly explained by a decrease in PET resin and carbon dioxide
along with a decrease in depreciation due to the end of the useful life period
for certain fixed assets. &nbsp;These were partially offset by the increase in
the costs of sugar and concentrate (due to increased prices).</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Operating Income amounted to US$20.7 million, a 7.5%
improvement compared to the Second Quarter of 2006. &nbsp;Operating Margin was
21.8%, an increase of 90 basis points.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">EBITDA amounted to US$26.5 million, a 2.6% increase
regarding the EBITDA figure recorded during the same period of the previous
year. &nbsp;EBITDA Margin was 27.9%, a decrease of 10 basis points.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px"><U>BRAZIL</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px"><U>First Half ended June 30, 2007 vs.
First Half ended June 30, 2006</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Sales Volume amounted to 84.2 million unit cases,
representing a 6.5% growth compared to 2006.</P>
<P style="MARGIN: 0px">Net Sales reached US$241.7 million, increasing 19.5%
compared to the previous year. &nbsp;This significant increase was a result of
volume growth, price adjustments and the favorable exchange rate upon the
translation of figures.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Cost of Sales per unit case increased 7.7%. &nbsp;Higher
freight fees and revaluation of the Brazilian real led to an increase of
SG&amp;A expenses of 25.3%.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Operating Income increased 27.8%, amounting to US$35.9
million. Operating Margin was 14.8%, an improvement of 90 basis points.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">EBITDA amounted to US$45.6 million, an increase of 21.2%,
with an EBITDA Margin of 18.9%, increasing 30 basis points compared to the
previous period.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px"><U>Second Quarter 2007 vs. Second
Quarter 2006</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Sales Volume for the Second Quarter of 2007 amounted to
39.9 million unit cases, representing an 8.6% increase compared to the Second
Quarter of 2006. &nbsp;&nbsp;The launch of Coca-Cola Zero in May of 2007
partially impacted this important growth. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Net Sales reached US$118.7 million, representing a
significant increase of 26.2%. &nbsp;This growth along with higher volumes is
explained by price adjustments during the period, as well as the appreciation of
the Brazilian exchange rate which had a positive impact upon translating figures
into US dollars.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Cost of Sales per unit case grew 8.3% mainly explained by
the increase in concentrate (resulting from price adjustments) and PET resin
(due to the loss of certain tax benefits which the Company had during 2006);
along with the figure conversion effect that negatively impacts the costs.
&nbsp;&nbsp;These factors were partially offset by the decrease in the cost of
sugar. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Operating Income reached US$17.4 million, an improvement
of 57%, while Operating Margin was 14.6%, an improvement of 280 basis points.
</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Finally, EBITDA amounted to US$22.4 million, a 40.3%
improvement compared to the US$16 million recorded during the Second Quarter of
2006. &nbsp;&nbsp;EBITDA Margin was 18.9%, an increase of 190 basis points
compared to the previous period.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><U>ARGENTINA</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px"><U>First Half ended June 30, 2007 vs.
First Half ended June 30, 2006</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">45</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
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<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Sales Volume reached 54.8 million unit cases, an 8.8%
improvement compared to the Sales Volume reported in 2006. &nbsp;This increase
was supported by the launch of Coca-Cola Zero in the Light (Diet) segment, and
by the increase in salaries. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 1px; MARGIN: 0px">Net Sales reached US$115.4 million,
representing an increase of 13.9%. This increase is explained by higher volumes
and price adjustments that took place during the period, partially offset by the
effect of the figure translation due the devaluation of the Argentine peso (0.9%
on average).</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 1px; MARGIN: 0px">Cost of Sales per unit case increased
1.1%. &nbsp;SG&amp;A expenses increased 17.5% mainly due to higher salaries,
partially offset by the devaluation of the Argentine peso. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Operating Income amounted to US$12.6 million, a
significant 29.5% increase. Operating Margin was 10.9%, 130 basis points higher
than 2006. &nbsp;</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">EBITDA reached US$19.3 million, an increase of 15.8%
compared to the same period of 2006. &nbsp;EBITDA Margin increased 30 basis
points amounting to 16.7%.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px"><U>Second Quarter 2007 vs. Second
Quarter 2006</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Sales Volume for the Second Quarter of 2007 increased
7.4% reaching 23.8 million unit cases. &nbsp;</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 1px; MARGIN: 0px">Net Sales reached US$51.9 million,
representing an increase of 17.9% compared to the Second Quarter of 2006.
&nbsp;This is explained by higher volumes and price adjustments during the
period, partially offset by the effect of the devaluation of the Argentine
peso.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 1px; MARGIN: 0px">Cost of Sales per unit case increased
6.3%, mainly explained by the increase in the cost of sugar (due to weather
factors that impacted domestic production) and concentrate (as a result of
higher prices), higher labor costs and fluctuations of the exchange rate upon
the translation of figures. These factors were partially offset by lower PET
resin prices.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Operating Income amounted to US$3.2 million, a 41.8%
increase. Operating Margin was 6.2%, 110 basis points higher than the Second
Quarter of 2006.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Finally, EBITDA reached US$6.5 million, an increase of
14.0%. EBITDA Margin was 12.5% a decrease of 50 basis points compared to the
Second Quarter of 2006.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><U>NON-OPERATING RESULTS</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px"><U>First Half ended June 30, 2007 vs.
First Half ended June 30, 2006</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Non-Operating Results totaled a loss of (US$7.9) million,
which compares negatively to a lower accumulated loss of (US$6.2) million
recorded during 2006. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">This increased loss in the non-operating result line is
best explained by:</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 96px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -24px; FONT-FAMILY: Symbol">&#183;</P>
<P style="PADDING-LEFT: 96px; MARGIN: 0px">Price Level Restatement: Resulted in
a loss compared to a profit recorded in the same period of 2006, due to a lower
end of period exchange rate (Ch$526.9 per US$ in 2007 vs. Ch$539.4 per US$ in
2006) over the Company&#146;s U.S. Dollar asset position. </P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 96px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -24px; FONT-FAMILY: Symbol">&#183;</P>
<P style="PADDING-LEFT: 96px; MARGIN: 0px">Financial Expense/Income (Net):
&nbsp;Reflecting a positive variation due to profits realized in Cross Currency
Swap Agreements, resulting from the revaluation of the exchange rate recorded
during the First Quarter of 2007 compared to the devaluation in the First
Quarter of 2006.</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 96px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -24px; FONT-FAMILY: Symbol">&#183;</P>
<P style="PADDING-LEFT: 96px; MARGIN: 0px">Other Income/Expenses: &nbsp;reflect
a positive variation mainly due to the recovery of taxes derived from the
settlement of some pending litigations. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Finally, net income amounted to US$66.5 million, an
increase of 9.9% compared to the figure recorded in the First Quarter of
2006.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><U>ANALYSIS OF THE BALANCE SHEET</U></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">46</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
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<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">As of June 30, 2007, the Company&#146;s financial assets
amounted to US$330.8 million. These represent cash, investments in mutual funds,
deposits, structured notes, corporate bonds and sovereign bonds. &nbsp;70.3% of
the total financial investments are U.S. Dollar-denominated. Nevertheless,
through &#147;Cross-Currency Swap&#148; agreements executed in 2003 and 2004, part of the
portfolio has been converted to Chilean Pesos (UF &#150; Chilean Inflation Indexed
Currency), thereby decreasing the amount denominated in U.S. Dollars to
10.6%.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">On the other hand, the Company&#146;s total debt was US$193.8
million, with an average annual rate of 7.07% on U.S. Dollar debt, and an
average real annual rate of 6.40% on Chilean Peso-denominated debt. The U.S.
Dollar-denominated debt represents 19.5% of total debt.</P>
<P style="MARGIN: 0px">As a result, the Company holds a positive net cash
position of US$137.1 million.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px"><B>II.</B></P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px"><B>&nbsp;MAIN INDICATORS</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The main indicators contained in the table reflect for
both periods the solid financial position and profitability of Embotelladora
Andina S.A.</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=12></TD>
<TD width=277></TD>
<TD width=45></TD>
<TD width=58></TD>
<TD width=52></TD>
<TD width=58></TD>
<TD width=65></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=277>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=65>
<P>&nbsp;</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0"
vAlign=bottom width=289 colSpan=2>
<P style="MARGIN: 0px"><B>INDICATORS</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0"
vAlign=bottom width=45>
<P style="MARGIN: 0px"><B>Unit</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0"
vAlign=bottom width=58>
<P style="MARGIN: 0px"><B>Jun-07</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0"
vAlign=bottom width=52>
<P style="MARGIN: 0px"><B>Dec-06</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0"
vAlign=bottom width=58>
<P style="MARGIN: 0px"><B>Jun-06</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0"
vAlign=bottom width=65>
<P style="MARGIN: 0px"><B>Variance</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=289 colSpan=2>
<P style="MARGIN: 0px"><B><I>LIQUIDITY</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px"><I></I>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">Current Ratio</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">Times</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>1.17</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>1.30 </P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>1.13 </P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>0.04 </P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">Acid Tests</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">Times</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>1.01</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>1.12 </P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>0.97 </P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>0.04 </P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">Working Capital</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">MCh$</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>56,069</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>22,607</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>2,689</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>53,380 </P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=289 colSpan=2>
<P style="MARGIN: 0px"><B><I>ACTIVITY</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px"><B><I></I></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">Investments</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">MCh$</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>23,000</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>37,707</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>14,643</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>8,356 &nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">Inventory turnover</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">Times</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>7.29 </P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>15.42 </P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>7.82 </P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px; COLOR: #ff0000" align=right>-0.53 </P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">Days of inventory on hand</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">Days</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>49.41 </P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>23.35 </P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>46.04 </P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>3.37 </P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=289 colSpan=2>
<P style="MARGIN: 0px"><B><I>INDEBTEDNESS</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px"><I></I>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">Debt to equity ratio</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>105.71%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>86.94%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>111.09%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>-5.38%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">Short-term liabilities to total liabilities</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>57.01%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>52.86%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>48.57%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>8.45%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">Long-term liabilities to total liabilities</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>42.99%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>47.14%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>51.43%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>-8.45%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">Interest charges coverage ratio</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">Times</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>21.39 </P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>23.50 </P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>13.66 </P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>7.73</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=289 colSpan=2>
<P style="MARGIN: 0px"><B><I>PROFITABILITY</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px"><I></I>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">Return over equity</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>13.36%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>27.10%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>12.07%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>1.29%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">Return over total assets</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>6.83%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>14.15%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>5.94%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>0.89%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">Return over operating assets</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>13.96%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>30.72%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>13.30%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>0.67%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">Operating income</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">MCh$</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>48,813</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>97,005</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>41,525</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>7,288 </P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">Operating margin</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>16.44%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>17.41%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>15.78%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>0.66%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">EBITDA (1)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">MCh$</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>64,619</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>130,347</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>60,187</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>4,433 </P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">EBITDA margin</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>21.77%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>23.40%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>22.88%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>-1.11%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=277>
<P style="MARGIN: 0px">Dividends payout ratio - Series A shares</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=45>
<P style="MARGIN: 0px">%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>1.65%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>6.61%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>7.51%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>-5.86%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=277>
<P style="MARGIN: 0px">Dividends payout ratio - Series B shares</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=45>
<P style="MARGIN: 0px">%</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>1.69%</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=52>
<P style="MARGIN: 0px" align=right>6.72%</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=58>
<P style="MARGIN: 0px" align=right>7.66%</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>-5.97%</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=277>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=58>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=65>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">EBITDA (1) &nbsp;&nbsp;Earnings before income taxes,
interests, depreciation, amoritization and extraordinary items.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Liquidity indicators remain solid and stable, Although,
the following changes can be observed under short term liabilities: &nbsp;(i) a
significant decrease over bank liabilities due to the maturity during August of
2006 of the US$40 million of our subsidiary in Argentina; and the debt paid
during December of 2006 for approximately US$40 million in order to distribute
the additional dividend of the prior period (for this period the additional
dividend was financed solely with own resources); (ii) &nbsp;a significant
increase in dividends payable since the date of distribution is July 5, 2007
(during 2006, by June 30<SUP>th</SUP>, the additional dividend had already been
distributed). </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">47</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Indicators of indebtedness improve mainly due to the
decrease in the short term debt already explained; and due to the amortizations
of the local bond for an approximate amount of MUS$26 carried out during June
2007 and December 2006. &nbsp;During the period net financial expenses amounted
to Ch$2,191 million and earnings before interests and taxes amounted to
Ch$46,868 million, achieving an interest coverage of 21.4 times, significantly
higher than the previous period. </P>
<P style="MARGIN: 0px">Operating profitability indicators and Profitability over
Equity benefited from the reasons mentioned in paragraph I.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px"><B>III.</B></P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px"><B>&nbsp;ANALYSIS OF BOOK VALUES AND
PRSENT VALUE OF ASSETS</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">With respect to the Company&#146;s main assets the following
should be noted:</P>
<P style="MARGIN: 0px">Given the high rotation of the items that compose working
capital, book values of current assets are considered to represent market
values. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Fixed asset values in the Chilean companies are presented
at restated acquisition cost. In the foreign companies, fixed assets are valued
in accordance with Technical Bulletin N&#176; 64 issued by the Chilean Institute of
Accountants (controlled in historical dollars).</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Depreciation is estimated over the restated value of
assets along with the remaining useful economic life of each asset. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">All fixed assets that are considered available for sale
are held at their respective market values.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Investments in shares, in situations where the Company
has a significant influence on the issuing company, are presented following the
equity method. The Company&#146;s participation in the results of the issuing company
for each year has been recognized on an accrual basis, and unrealized results on
transactions between related companies have been eliminated.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">In summary, assets are valued in accordance with
generally accepted accounting standards in Chile and the instructions provided
by the Chilean Securities Commission, as shown in Note 2 of the Financial
Statements.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px"><B>IV.</B></P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px"><B>&nbsp;ANALYSIS OF THE MAIN
COMPONENTS OF CASH FLOW</B></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=234></TD>
<TD width=79></TD>
<TD width=72></TD>
<TD width=71></TD>
<TD width=71></TD></TR>
<TR>
<TD vAlign=bottom width=234>
<P style="MARGIN: 0px"><B>Cash Flow &nbsp;(MCH$)</B></P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px" align=center><B>June</B></P>
<P style="MARGIN: 0px" align=center><B>2007</B></P>
<P style="MARGIN: 0px" align=center><B>MCh$</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=center><B>June</B></P>
<P style="MARGIN: 0px" align=center><B>2006</B></P>
<P style="MARGIN: 0px" align=center><B>MCh$</B></P></TD>
<TD vAlign=bottom width=71>
<P style="MARGIN: 0px" align=center><B>Variation MCh$</B></P></TD>
<TD vAlign=top width=71>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="MARGIN: 0px" align=center><B>Variation</B></P>
<P style="MARGIN: 0px" align=center><B>%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=234>
<P style="MARGIN: 0px">Operating</P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px" align=right>53,894</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>62,157</P></TD>
<TD vAlign=bottom width=71>
<P style="MARGIN: 0px" align=right>(8,263) </P></TD>
<TD vAlign=top width=71>
<P style="MARGIN: 0px" align=right>-13</P></TD></TR>
<TR>
<TD vAlign=bottom width=234>
<P style="MARGIN: 0px">Financing</P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px" align=right>(22,517)</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>(51,764)</P></TD>
<TD vAlign=bottom width=71>
<P style="MARGIN: 0px" align=right>29,247</P></TD>
<TD vAlign=top width=71>
<P style="MARGIN: 0px" align=right>57</P></TD></TR>
<TR>
<TD vAlign=bottom width=234>
<P style="MARGIN: 0px">Investment</P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px" align=right>(591)</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>(5,197)</P></TD>
<TD vAlign=bottom width=71>
<P style="MARGIN: 0px" align=right>4,606</P></TD>
<TD vAlign=top width=71>
<P style="MARGIN: 0px" align=right>89</P></TD></TR>
<TR>
<TD vAlign=bottom width=234>
<P style="MARGIN: 0px"><B>Net cash flow for the Period</B></P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px" align=right><B>30,786</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right><B>5,196</B></P></TD>
<TD vAlign=bottom width=71>
<P style="MARGIN: 0px" align=right><B>25,590</B></P></TD>
<TD vAlign=top width=71>
<P style="MARGIN: 0px" align=right><B>-492</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px">&nbsp;</P>
<P style="MARGIN: 0px">The Company generated positive net cash flow of
MCh$30,786 during the quarter, analyzed as follows:</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Operating activities generated a positive net cash flow
of MCh$53,894 representing a negative variation regarding the previous year
which amounted to Ch$8,263 million. &nbsp;Principally higher income tax payments
during the first half due to better results during 2006 regarding 2005.
&nbsp;Additionally, higher VAT payments are recorded during 2007, mainly as a
result of fiscal credits obtained for anticipated purchases that reduce VAT paid
during 2006, and this situation is not repeated for the first half of 2007. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Financing activities generated a negative cash flow of
MCh$22,517 representing appositive variation of MCh$29,247 mainly because the
extraordinary dividend for 2007 was pending to be distributed at the closing of
the first half, whereas, the distribution of that dividend during 2006 was
already distributed by the closing of the first half. &nbsp;This was partially
offset by the higher loans obtained during 2006 in order to finance the payment
of the extraordinary dividend. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Investment activities generated a negative cash flow of
MCh$591; with a positive variation of MCh$4,606 regarding the previous year,
mainly because of higher sales of investments in financial instruments during
the current year, and which is partially offset by higher investments in fixed
assets during the first half of 2007 and earned income due to sale of permanent
investments collected during 2006 which does not occur during 2007. &nbsp;</P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">48</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px"><B>V.</B></P>
<P style="MARGIN: 0px; TEXT-INDENT: 47px"><B>&nbsp;ANALYSIS OF MARKET
RISK</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Interest Rate Risk</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">As of June 30, 2006 and 2007, the Company held 100% of
its debt obligations at fixed-rates. &nbsp;Consequently, the risk fluctuation of
market interest rates regarding the Company&#146;s cash flow remains low. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Foreign Currency Risk</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Income generated by the Company is linked to the
currencies of the markets in which it operates. &nbsp;For the period the
breakdown for each is the following: </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">Chilean peso:</P>
<P style="MARGIN: 0px; TEXT-INDENT: 94px">37%</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">Brazilian real:</P>
<P style="MARGIN: 0px; TEXT-INDENT: 94px">43%</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">Argentine peso:</P>
<P style="MARGIN: 0px; TEXT-INDENT: 94px">20%</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Since the Company&#146;s sales are not linked to the United
States dollar, the policy adopted for managing foreign exchange risk, this is
the mismatch between assets and liabilities denominated in a given currency, has
been to maintain financial investments in dollar-denominated instruments, for an
amount at least equivalent to the dollar-denominated liabilities.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Additionally, it is Company policy to maintain foreign
currency hedge agreements to lessen the effects of exchange risk in cash
expenditures expressed in US dollars which mainly correspond to payment to
suppliers for raw materials. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Accounting exposure of foreign subsidiaries (Brazil and
Argentina) for the difference between monetary assets and liabilities, those
denominated in local currency, and therefore, exposed to risks upon translation
to the US dollar, are only covered when it is foreseen that it will result in
significant negative differences and when the associated cost of said coverage
is deemed reasonable by management. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Commodity Risks</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The Company faces the risk of price changes in the
international markets for sugar, aluminum and PET resin, all of which are
necessary raw materials for preparing beverages, and that altogether represent
between 25% and 30% of our operating costs. In order to minimize and/or
stabilize such risk, supply contracts and advanced purchases are negotiated when
market conditions are favorable. &nbsp;Likewise commodity coverage instruments
have also been utilized. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 6px; MARGIN: 0px"><I>This document may contain
forward-looking statements reflecting Embotelladora Andina SA&#146;s good faith
expectations and are based upon currently available data; however, actual
results are subject to numerous uncertainties, many of which are beyond the
control of the Company and any one or more of which could materially impact
actual performance. &nbsp;Among the factors that can cause performance to differ
materially are: &nbsp;political and economic conditions on consumer spending,
pricing pressure resulting from competitive discounting by other bottlers,
climatic conditions in the Southern Cone, and other risk factors applicable from
time to time and listed in Andina&#146;s periodic reports filed with relevant
regulatory institutions.</I></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">49</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 720px">
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:J184></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=291></TD>
<TD width=49></TD>
<TD width=49></TD>
<TD width=49></TD>
<TD width=48></TD>
<TD width=49></TD>
<TD width=57></TD>
<TD width=49></TD>
<TD width=44></TD>
<TD width=39></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Embotelladora
Andina S.A.</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Second Quarter
Results for the period ended June 30, Chilean GAAP</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>(In millions
of constant 06/30/07 Chilean Pesos, except per share)</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=197 colSpan=4>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>30/06/2007</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=201 colSpan=4>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>30/06/2006</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"
align=center><B><I></I></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Chilean Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Brazilian Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Argentine Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Total (2)</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Chilean Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Brazilian Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Argentine Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Total (2)</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>% Ch.</I></B></P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>VOLUME TOTAL
BEVERAGES (Million UC)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>31.9</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>39.9</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>23.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>95.6</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>31.5</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>36.7</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>22.2</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>90.4</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>5.7%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;&nbsp;Soft
Drink</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>26.5</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>37.7</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>23.6</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>87.8</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>26.3</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>35.2</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>22.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>83.5</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5.1%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;&nbsp;Mineral
Water</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.5</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.2</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>2.7</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2.2</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.4</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.2</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>2.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-4.5%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;&nbsp;Juices</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3.4</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.8</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>4.2</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3.0</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.3</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>3.4</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>25.7%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;&nbsp;Beer</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.9</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>0.9</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.7</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>0.7</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>20.0%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NET
SALES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>50,014</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>62,529</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>27,362</B></P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>138,927</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>48,574</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>49,536</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>23,198</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>120,149</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>15.6%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;COST
OF SALES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(28,608)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(34,159)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(17,480)</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(79,270)</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(28,502)</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(29,045)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(15,314)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(71,700)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>10.6%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>GROSS
PROFIT</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>21,405</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>28,370</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>9,882</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>59,657</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>20,073</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>20,492</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>7,884</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>48,449</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>23.1%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Gross
Margin</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>42.8%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>45.4%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>36.1%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>42.9%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>41.3%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>41.4%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>34.0%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>40.3%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;SELLING
AND ADMINISTRATIVE EXPENSES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(10,486)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(19,214)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(8,189)</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(37,889)</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(9,918)</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(14,660)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(6,690)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(31,269)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>21.2%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;CORPORATE
EXPENSES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(1,517)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(1,195)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>27.0%</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>OPERATING
INCOME</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>10,919</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>9,156</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>1,693</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>20,251</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>10,154</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>5,832</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>1,194</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>15,985</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>26.7%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Operating
Margin</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>21.8%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>14.6%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>6.2%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>14.6%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>20.9%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11.8%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5.1%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>13.3%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>EBITDA
(1)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>13,948</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>11,793</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>3,427</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>27,650</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>13,591</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>8,408</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>3,006</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>23,810</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>16.1%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Ebitda
Margin</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>27.9%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>18.9%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>12.5%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>19.9%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>28.0%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>17.0%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>13.0%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>19.8%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"
align=center><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NON
OPERATIONAL RESULTS</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"
align=center><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;FINANCIAL
EXPENSE/INCOME (Net)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,500</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(1,394)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>207.6%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;RESULTS
FROM AFFILIATED</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(418)</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>76</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-648.2%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;AMORTIZATION
OF GOODWILL</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(1,615)</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(1,676)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-3.7%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;OTHER
INCOME/(EXPENSE)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,698</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(309)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>648.7%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;PRICE
LEVEL RESTATEMENT (3)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(3,250)</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>579</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-661.1%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NON-OPERATING
RESULTS</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>(2,084)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>(2,725)</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>-23.5%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>INCOME BEFORE
INCOME TAXES; AMORTIZATION OF </B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NEGATIVE
GOODWILL AND MINORITY INTEREST</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>18,167</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>13,261</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>37.0%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>INCOME
TAXES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(5,427)</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(3,093)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>75.5%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>MINORITY
INTEREST</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>16</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>34</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>AMORTIZATION
OF NEGATIVE GOODWILL</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NET
INCOME</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>12,756</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>10,202</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>25.0%</B></P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Net
Margin</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>9.2%</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>8.5%</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>WEIGHTED
AVERAGE SHARES OUTSTANDING</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>760.3</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>760.3</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>EARNINGS PER
SHARE</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>16.8</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>13.4</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>EARNINGS PER
ADS</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>100.7</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>80.5</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>25.0%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">(1) EBITDA:
Operating Income + Depreciation</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=390 colSpan=3>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">(2) Total may be
different from the addition of the three countries because of intercountry
eliminations</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=390 colSpan=3>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">(3) Includes:
Monetary Correction + Conversion Effect to Balance Sheet + Income
Statement Accounts.</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">50</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 720px">
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=291></TD>
<TD width=49></TD>
<TD width=49></TD>
<TD width=49></TD>
<TD width=48></TD>
<TD width=49></TD>
<TD width=57></TD>
<TD width=49></TD>
<TD width=44></TD>
<TD width=39></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Embotelladora
Andina S.A.</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Second Quarter
Results for the period ended June 30, Chilean GAAP</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>(In millions
US$, except per share)</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Exch. Rate &nbsp;:</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>526.86</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=197 colSpan=4>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>30/06/2007</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=201 colSpan=4>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>30/06/2006</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"
align=center><B><I></I></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Chilean Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Brazilian Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Argentine Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Total (2)</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Chilean Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Brazilian Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Argentine Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Total (2)</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>% Ch.</I></B></P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>VOLUME TOTAL
BEVERAGES (Million UC)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>31.9</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>39.9</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>23.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>95.6</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>31.5</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>36.7</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>22.2</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>90.4</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>5.7%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;&nbsp;Soft
Drink</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>26.5</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>37.7</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>23.6</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>87.8</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>26.3</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>35.2</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>22.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>83.5</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5.1%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;&nbsp;Mineral
Water</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.5</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.2</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>2.7</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2.2</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.4</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.2</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>2.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-4.5%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;&nbsp;Juices</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3.4</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.8</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>4.2</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3.0</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.3</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>3.4</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>25.7%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;&nbsp;Beer</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.9</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>0.9</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.7</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>0.7</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>20.0%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NET
SALES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>94.9</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>118.7</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>51.9</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>263.7</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>92.2</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>94.0</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>44.0</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>228.0</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>15.6%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;COST
OF SALES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(54.3)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(64.8)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(33.2)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(150.5)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(54.1)</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(55.1)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(29.1)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(136.1)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>10.6%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>GROSS
PROFIT</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>40.6</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>53.8</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>18.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>113.2</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>38.1</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>38.9</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>15.0</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>92.0</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>23.1%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Gross
Margin</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>42.8%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>45.4%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>36.1%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>42.9%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>41.3%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>41.4%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>34.0%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>40.3%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;SELLING
AND ADMINISTRATIVE EXPENSES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(19.9)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(36.5)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(15.5)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(71.9)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(18.8)</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(27.8)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(12.7)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(59.3)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>21.2%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;CORPORATE
EXPENSES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(2.9)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(2.3)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>27.0%</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>OPERATING
INCOME</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>20.7</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>17.4</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>3.2</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>38.4</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>19.3</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>11.1</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>2.3</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>30.3</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>26.7%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Operating
Margin</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>21.8%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>14.6%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>6.2%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>14.6%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>20.9%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11.8%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5.1%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>13.3%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>EBITDA
(1)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>26.5</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>22.4</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>6.5</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>52.5</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>25.8</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>16.0</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>5.7</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>45.2</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>16.1%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Ebitda
Margin</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>27.9%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>18.9%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>12.5%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>19.9%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>28.0%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>17.0%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>13.0%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>19.8%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"
align=center><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NON
OPERATIONAL RESULTS</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"
align=center><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;FINANCIAL
EXPENSE/INCOME (Net)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2.8</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(2.6)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>207.6%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;RESULTS
FROM AFFILIATED</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(0.8)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-648.2%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;AMORTIZATION
OF GOODWILL</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(3.1)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(3.2)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-3.7%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;OTHER
INCOME/(EXPENSE)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3.2</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(0.6)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>648.7%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;PRICE
LEVEL RESTATEMENT (3)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(6.2)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-661.1%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NON-OPERATING
RESULTS</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>(4.0)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>(5.2)</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>-23.5%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>INCOME BEFORE
INCOME TAXES; AMORTIZATION OF </B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NEGATIVE
GOODWILL AND MINORITY INTEREST</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>34.5</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>25.2</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>37.0%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>INCOME
TAXES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(10.3)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(5.9)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>75.5%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>MINORITY
INTEREST</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>AMORTIZATION
OF NEGATIVE GOODWILL</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NET
INCOME</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>24.2</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>19.4</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>25.0%</B></P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Net
Margin</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>9.2%</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>8.5%</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>WEIGHTED
AVERAGE SHARES OUTSTANDING</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>760.3</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>760.3</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>EARNINGS PER
SHARE</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>0.03</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>0.03</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>EARNINGS PER
ADS</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>0.19</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>0.15</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>25.0%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">(1) EBITDA:
Operating Income + Depreciation</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=390 colSpan=3>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">(2) Total may be
different from the addition of the three countries because of intercountry
eliminations</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=390 colSpan=3>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">(3) Includes:
Monetary Correction + Conversion Effect to Balance Sheet + Income
Statement Accounts.</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">51</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 720px">
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=291></TD>
<TD width=49></TD>
<TD width=49></TD>
<TD width=49></TD>
<TD width=48></TD>
<TD width=49></TD>
<TD width=57></TD>
<TD width=49></TD>
<TD width=44></TD>
<TD width=39></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Embotelladora
Andina S.A.</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Six Months
Results for the period ended June 30, Chilean GAAP</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>(In millions
of constant 06/30/07 Chilean Pesos, except per share)</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=197 colSpan=4>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>30/06/2007</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=201 colSpan=4>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>30/06/2006</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"
align=center><B><I></I></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Chilean Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Brazilian Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Argentine Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Total (2)</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Chilean Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Brazilian Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Argentine Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Total (2)</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>% Ch.</I></B></P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>VOLUME TOTAL
BEVERAGES (Million UC)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>70.7</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>84.2</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>54.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>209.7</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>68.4</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>79.1</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>50.3</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>197.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>6.0%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;&nbsp;Soft
Drink</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>58.3</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>79.8</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>54.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>192.2</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>56.5</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>75.8</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>49.7</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>182.0</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5.6%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;&nbsp;Mineral
Water</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>6.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.5</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>7.5</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>6.3</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.6</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>7.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-3.8%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;&nbsp;Juices</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>6.4</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1.5</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>8.0</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5.6</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.7</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>6.3</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>27.1%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;&nbsp;Beer</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1.9</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>1.9</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1.6</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>1.6</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>17.8%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NET
SALES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>110,502</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>127,368</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>60,811</B></P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>296,864</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>105,553</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>106,615</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>53,410</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>263,066</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>12.8%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;COST
OF SALES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(61,952)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(71,036)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(37,818)</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(168,990)</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(60,454)</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(61,946)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(34,366)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(154,254)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>9.6%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>GROSS
PROFIT</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>48,550</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>56,332</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>22,993</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>127,874</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>45,099</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>44,669</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>19,044</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>108,812</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>17.5%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Gross
Margin</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>43.9%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>44.2%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>37.8%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>43.1%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>42.7%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>41.9%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>35.7%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>41.4%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;SELLING
AND ADMINISTRATIVE EXPENSES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(22,213)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(37,431)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(16,339)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(75,984)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(21,069)</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(29,878)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(13,907)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(64,854)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>17.2%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;CORPORATE
EXPENSES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(3,077)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(2,433)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>26.5%</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>OPERATING
INCOME</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>26,337</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>18,900</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>6,654</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>48,813</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>24,029</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>14,792</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>5,137</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>41,525</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>17.6%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Operating
Margin</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>23.8%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>14.8%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>10.9%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>16.4%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>22.8%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>13.9%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>9.6%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>15.8%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>EBITDA
(1)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>32,243</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>24,022</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>10,148</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>63,336</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>30,942</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>19,825</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>8,766</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>57,099</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>10.9%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Ebitda
Margin</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>29.2%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>18.9%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>16.7%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>21.3%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>29.3%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>18.6%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>16.4%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>21.7%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NON
OPERATIONAL RESULTS</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;FINANCIAL
EXPENSE/INCOME (Net)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(199)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(5,349)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-96.3%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;RESULTS
FROM AFFILIATED</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>187</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>354</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-47.1%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;AMORTIZATION
OF GOODWILL</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(3,229)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(3,353)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-3.7%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;OTHER
INCOME/(EXPENSE)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,089</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(534)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>303.9%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;PRICE
LEVEL RESTATEMENT (3)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(1,985)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5,597</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-135.5%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NON-OPERATING
RESULTS</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>(4,136)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>(3,285)</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>25.9%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>INCOME BEFORE
INCOME TAXES; AMORTIZATION OF </B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NEGATIVE
GOODWILL AND MINORITY INTEREST</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>44,677</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>38,240</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>16.8%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>INCOME
TAXES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(9,624)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(6,353)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>51.5%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>MINORITY
INTEREST</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(39)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(40)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>AMORTIZATION
OF NEGATIVE GOODWILL</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NET
INCOME</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>35,014</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>31,847</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>9.9%</B></P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Net
Margin</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11.8%</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>12.1%</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>WEIGHTED
AVERAGE SHARES OUTSTANDING</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>760.3</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>760.3</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>EARNINGS PER
SHARE</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>46.1</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>41.9</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>EARNINGS PER
ADS</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>276.3</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>251.3</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>9.9%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">(1) EBITDA:
Operating Income + Depreciation</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=390 colSpan=3>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">(2) Total may be
different from the addition of the three countries because of intercountry
eliminations</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=390 colSpan=3>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">(3) Includes:
Monetary Correction + Conversion Effect to Balance Sheet + Income
Statement Accounts.</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">52</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 720px">
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=291></TD>
<TD width=49></TD>
<TD width=49></TD>
<TD width=49></TD>
<TD width=48></TD>
<TD width=49></TD>
<TD width=57></TD>
<TD width=49></TD>
<TD width=44></TD>
<TD width=39></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Embotelladora
Andina S.A.</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Six Months
Results for the period ended June 30, Chilean GAAP</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>(In millions
US$, except per share)</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Exch. Rate &nbsp;:</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=center><B>$
526.86 </B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=197 colSpan=4>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>30/06/2007</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=201 colSpan=4>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>30/06/2006</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"
align=center><B><I></I></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Chilean Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Brazilian Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Argentine Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Total (2)</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Chilean Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Brazilian Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Argentine Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>Total (2)</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><I>% Ch.</I></B></P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>VOLUME TOTAL
BEVERAGES (Million UC)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>70.7</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>84.2</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>54.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>209.7</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>68.4</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>79.1</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>50.3</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>197.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>6.0%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;&nbsp;Soft
Drink</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>58.3</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>79.8</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>54.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>192.2</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>56.5</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>75.8</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>49.7</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>182.0</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5.6%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;&nbsp;Mineral
Water</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>6.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.5</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>7.5</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>6.3</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.6</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>7.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-3.8%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;&nbsp;Juices</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>6.4</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1.5</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>8.0</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5.6</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.7</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>6.3</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>27.1%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">&nbsp;&nbsp;Beer</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1.9</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>1.9</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1.6</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>1.6</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>17.8%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NET
SALES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>209.7</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>241.7</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>115.4</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>563.5</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>200.3</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>202.4</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>101.4</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>499.3</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>12.8%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;COST
OF SALES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(117.6)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(134.8)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(71.8)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(320.7)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(114.7)</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(117.6)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(65.2)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(292.8)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>9.6%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>GROSS
PROFIT</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>92.1</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>106.9</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>43.6</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>242.7</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>85.6</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>84.8</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>36.1</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>206.5</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>17.5%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Gross
Margin</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>43.9%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>44.2%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>37.8%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>43.1%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>42.7%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>41.9%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>35.7%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>41.4%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;SELLING
AND ADMINISTRATIVE EXPENSES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(42.2)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(71.0)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(31.0)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(144.2)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(40.0)</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(56.7)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(26.4)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(123.1)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>17.2%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;CORPORATE
EXPENSES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(5.8)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(4.6)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>26.5%</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>OPERATING
INCOME</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>50.0</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>35.9</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>12.6</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>92.6</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>45.6</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>28.1</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>9.8</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>78.8</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>17.6%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Operating
Margin</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>23.8%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>14.8%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>10.9%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>16.4%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>22.8%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>13.9%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>9.6%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>15.8%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>EBITDA
(1)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>61.2</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>45.6</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>19.3</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>120.2</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>58.7</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>37.6</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>16.6</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>108.4</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>10.9%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Ebitda
Margin</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>29.2%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>18.9%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>16.7%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>21.3%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>29.3%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>18.6%</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>16.4%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>21.7%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"
align=center><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NON
OPERATIONAL RESULTS</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"
align=center><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;FINANCIAL
EXPENSE/INCOME (Net)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(0.4)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(10.2)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-96.3%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;RESULTS
FROM AFFILIATED</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.4</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.7</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-47.1%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;AMORTIZATION
OF GOODWILL</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(6.1)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(6.4)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-3.7%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;OTHER
INCOME/(EXPENSE)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2.1</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(1.0)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>303.9%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>&nbsp;&nbsp;PRICE
LEVEL RESTATEMENT (3)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(3.8)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>10.6</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-135.5%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NON-OPERATING
RESULTS</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>(7.9)</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>(6.2)</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>25.9%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>INCOME BEFORE
INCOME TAXES; AMORTIZATION OF </B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NEGATIVE
GOODWILL AND MINORITY INTEREST</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>84.8</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>72.6</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>16.8%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>INCOME
TAXES</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(18.3)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(12.1)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>51.5%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>MINORITY
INTEREST</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(0.1)</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(0.1)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>AMORTIZATION
OF NEGATIVE GOODWILL</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>0.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>NA</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>NET
INCOME</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>66.5</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>60.4</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>9.9%</B></P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Net
Margin</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11.8%</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>12.1%</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>WEIGHTED
AVERAGE SHARES OUTSTANDING</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>760.3</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>760.3</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>EARNINGS PER
SHARE</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>0.09</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>0.08</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>EARNINGS PER
ADS</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>0.52</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=57>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>0.48</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=39>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>9.9%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=291>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">(1) : Operating
Income + Depreciation</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=390 colSpan=3>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">(2) Total may be
different from the addition of the three countries because of intercountry
eliminations</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=390 colSpan=3>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">(3) Includes:
Monetary Correction + Conversion Effect to Balance Sheet + Income
Statement Accounts.</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=39>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">53</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 720px">
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=172></TD>
<TD width=52></TD>
<TD width=52></TD>
<TD width=36></TD>
<TD width=10></TD>
<TD width=257></TD>
<TD width=52></TD>
<TD width=52></TD>
<TD width=41></TD></TR>
<TR>
<TD vAlign=bottom width=729 colSpan=9>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Embotelladora Andina S.A.</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=729 colSpan=9>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Consolidated Balance Sheet</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=729 colSpan=9>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>(In million of constant 06/30/07 Chilean
Pesos)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>ASSETS</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>06-30-2007</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>06-30-2006</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=36>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>%Ch</B></P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>LIABILITIES
&amp; SHAREHOLDERS' EQUITY</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>06-30-2007</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>06-30-2006</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=41>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>%Ch</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Cash + Time
deposits + market. Securit.</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>77,576</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>65,833</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>17.8%</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Short term bank
liabilities</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>339</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>49,249</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-99.3%</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Account
receivables (net)</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>38,870</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>44,229</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-12.1%</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Current portion
of long term bank liabilities</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>528</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-100.0%</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Inventories</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>23,261</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>21,323</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>9.1%</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Current portion
of bonds payable</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>29,957</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>13,175</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>127.4%</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=172>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Other current
assets</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>32,669</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>20,386</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=36>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>60.3%</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Trade accounts
payable and notes payable</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>95,847</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>46,455</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>106.3%</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Total Current
Assets</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>172,376</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>151,771</B></P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>13.6%</B></P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Other
liabilities</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>20,935</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>24,603</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=41>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-14.9%</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Total Current
Liabilities</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>147,078</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>134,010</B></P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>9.8%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Property, plant
and equipment</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>543,165</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>533,111</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1.9%</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=172>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Depreciation</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>(394,329)</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>(387,682)</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=36>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1.7%</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Long term bank
liabilities</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>778</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>334</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>133.1%</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Total
Property, Plant, and Equipment</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>148,837</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>145,429</B></P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>2.3%</B></P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Bonds
payable</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>71,017</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>101,460</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-30.0%</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Other long term
liabilities</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>37,865</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>38,921</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=41>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-2.7%</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Investment in
related companies</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>20,541</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>21,786</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-5.7%</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Total Long
Term Liabilities</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>109,661</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>140,715</B></P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-22.1%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Investment in
other companies</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>57</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>58</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-2.5%</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Goodwill</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>63,537</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>74,159</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-14.3%</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Minority
interest</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>1,231</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>1,204</B></P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>2.3%</B></P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=172>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Other long term
assets</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>96,651</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>131,108</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=36>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-26.3%</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Total Other
Assets</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>180,786</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>227,111</B></P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-20.4%</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Stockholders'
Equity</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>244,029</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>248,382</B></P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-1.8%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=172>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>TOTAL
ASSETS</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>501,999</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>524,311</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=36>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-4.3%</B></P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>TOTAL
LIABILITIES &amp; SHAREHOLDERS' EQUITY</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>501,999</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>524,311</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=41>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-4.3%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=688 colSpan=8>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Financial Highlights</B></P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=688 colSpan=8>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>(In million of constant 06/30/07 Chilean Pesos)</B></P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>ADDITIONS TO
FIXED ASSETS</B></P></TD>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>06-30-2007</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>06-30-2006</B></P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>DEBT
RATIOS</B></P></TD>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>06-30-2007</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>06-30-2006</B></P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Chile</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>14,317</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>5,975</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Financial Debt /
Total Capitalization</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0.29</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0.40</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Brazil</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>7,229</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6,245</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Financial Debt /
EBITDA L12M</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>0.77</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1.41</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=172>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Argentina</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1,454</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2,423</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">EBITDA
L12M+Interest Income / Interest Expense &nbsp;L12M </P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>10.44</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>7.85</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>23,000</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>14,643</B></P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">L12M: Last twelve
months</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=172>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=257>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=582 colSpan=6>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">* As June 30,
2007, the company's registered a positive net cash position of US$ 137
million. Total debt amounted to US$ 194 million.</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=582 colSpan=6>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Total Cash
amounted to US$ 331 million, which includes cash investments accounted for
under Other Current Assets as well as Long Term Assets.</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">54</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">MATERIAL EVENTS </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">During the period between April 1, 2007 and June 30,
2007, the following material events were filed: </P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px">Resolutions of the General
Shareholders&#146; Meeting</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">At the Regular General Shareholders&#146; Meeting of
Embotelladora Andina S.A., held yesterday, April 17, 2007 (hereinafter </P>
<P style="MARGIN: 0px">the &#147;Meeting&#148;), among other matters, the following was
resolved:</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 48px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -24px">1.</P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px">The distribution of the following
amounts as <B>Final Dividend N&#176; 155</B>, on account of the fiscal year ending
December 31, 2006: </P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 90px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px; FONT-FAMILY: Symbol">&#183;</P>
<P style="PADDING-LEFT: 90px; MARGIN: 0px">Ch$11.120 (eleven pesos and one
hundred and twenty cents) per Series A shares; and </P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 90px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px; FONT-FAMILY: Symbol">&#183;</P>
<P style="PADDING-LEFT: 90px; MARGIN: 0px">Ch$12.232 (twelve pesos and two
hundred and thirty two cents) per Series B shares. &nbsp;</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 18px; MARGIN-BOTTOM: 6px; TEXT-INDENT: 14px">This
dividend will be available to shareholders beginning <B>April 26, 2007</B>.
Regarding payment of this dividend, the Shareholders&#146; Registry will close on
April 20, 2007. </P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 48px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -24px">2.</P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px">The distribution of an
<B>Additional</B> <B>Dividend N&#176; 156</B> on account of retained earnings: </P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 90px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px; FONT-FAMILY: Symbol">&#183;</P>
<P style="PADDING-LEFT: 90px; MARGIN: 0px">Ch$65.190 (sixty five pesos and one
hundred and ninety cents) per Series A shares; and </P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 90px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px; FONT-FAMILY: Symbol">&#183;</P>
<P style="PADDING-LEFT: 90px; MARGIN: 0px">Ch$71.709 (seventy one pesos and
seven hundred and nine cents) per Series B shares. &nbsp;</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 18px; MARGIN-BOTTOM: 6px; TEXT-INDENT: 14px">This
dividend will be available to shareholders beginning <B>July 5, 2007</B>.
Regarding payment of this</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 18px; MARGIN-BOTTOM: 6px; TEXT-INDENT: 14px">dividend,
the Shareholders Registry will close on June 28, 2007.</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 48px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -24px">3.</P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px">The Meeting acknowledged and approved
the amendment of the Company&#146;s dividend safeguard and payment procedures that
will be in full force and effect beginning with the previously mentioned Final
Dividend N&#176; 155. &nbsp;Current payment procedures, consisting of the payment of
dividends within the first seven days at the Company&#146;s corporate domicile and
the following days at the offices of DCV, will no longer continue. &nbsp;The
payment of dividends will now solely take place at the offices of DCV, located
at Hu&#233;rfanos 770, 22<SUP>nd</SUP> floor, Santiago, in coordination with Banco de
Cr&#233;dito e Inversiones S.A. (&#147;BCI&#148;). &nbsp;Hence, the new dividend payment
procedure considers the participation of DCV Registros S.A., BCI and our
Company. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px">Board Appointments and Committees
</P>
<P style="MARGIN: 0px">The following resolutions were adopted at the Regular
Board of Directors Meeting held April 24, 2007:</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 48px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -48px">1.</P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px">Mr. <B>Juan Claro</B> was ratified in
his position of <B>Chairman of the Board </B>of the Company.</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 48px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -48px">2.</P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px">Mr.<B> Salvador Said Somav&#237;a</B> was
appointed new <B>Vice-Chairman of the Board</B> of the Company.</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 48px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -48px">3.</P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px">The <B>Executive Committee</B> was
elected, comprised of regular directors <B>Jos&#233; Antonio Garc&#233;s Silva, Arturo
Majlis Albala, Gonzalo Said Handal </B>and <B>Salvador Said Somav&#237;a.</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px">This Committee is also comprised, by
virtue of office, by Mr. <B>Juan Claro Gonz&#225;lez</B>, Chairman of the Board, and
Mr. <B>Jaime Garc&#237;a Rioseco</B>, Chief Executive Officer of the Company.</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 48px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -48px">4.</P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px">The current composition of the
<B>Article 50-bis Directors Committee </B>(pursuant to the Companies Law) was
ratified, which will continue to be comprised of Regular Directors <B>Juan Claro
Gonz&#225;lez, Jos&#233; Antonio Garc&#233;s Silva</B> and <B>Heriberto Urz&#250;a S&#225;nchez</B>.
&nbsp;Mr. Claro will continue to be the Chairman of this Committee.</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 48px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -48px">5.</P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px">The current composition of the
<B>Audit Committee under U.S. the Sarbanes&#150;Oxley Act </B>was ratified, which
will continue to be comprised of regular directors <B>Juan Claro Gonz&#225;lez, Jos&#233;
Antonio Garc&#233;s Silva</B> and <B>Heriberto Urz&#250;a S&#225;nchez.</B> &nbsp;Mr. Claro
will continue to be the Chairman of this Committee.</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 48px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -48px">6.</P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px">Mr. <B>Pedro Pellegrini
Ripamonti,</B> Corporate Legal Manager, was appointed representative or person
authorized to receive notifications in absence of Mr. <B>Renato Ram&#237;rez
Fern&#225;ndez</B>, General Manager. </P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">55</P>
<P style="MARGIN: 0px"><BR></P>
<HR style="MARGIN-TOP: 9px; MARGIN-BOTTOM: 9px" noShade SIZE=1>
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px">Legal Strike &#150; Chilean Operations
</P>
<P style="MARGIN: 0px">Embotelladora Andina S.A. informs that Workers&#146; Union N&#176;
of our Company&#146;s Chilean Operations has entered into a legal strike on this
date, Wednesday June 6, 2007, within the framework of renewing the Collective
Bargaining Agreement. &nbsp;The strike involves 222 workers affiliated to
Workers&#146; Union N&#176;1 of a total of 886 who work at the Company&#146;s Chilean Bottling
facility. </P>
<P style="MARGIN: 0px">The Collective Bargaining Agreements of the other Unions
of the Company&#146;s Chilean operations are in full force and effect and the
remaining employees are working normally. </P>
<P style="MARGIN: 0px">The Company has implemented timely measures to maintain
all commercial and production activities in order to supply the market
accordingly. </P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px">End of Legal Strike &#150; Chilean
Operations </P>
<P style="MARGIN: 0px">Embotelladora Andina S.A. informs that the strike that
had been called on June 6, 2007, by its Union No. 1 (comprised of 223 workers
out of a total of 886 who work for the company) has ended on June 26, 2007.
&nbsp;With this, the Company and all of its workers have resumed their job
functions under complete normality. </P>
<P style="MARGIN: 0px">INTERIM DIVIDEND NO. 157</P>
<P style="MARGIN: 0px">As authorized by the Regular Shareholders Meeting held
April 17<SUP>th</SUP> of this year (the &#147;Meeting&#148;), the Board resolved to
distribute the following sums as interim dividend No. 157:</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">a)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">$7.00 (seven pesos) per Series A
share; and</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px">b)</P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px">$7.70 (seven pesos and seventy cents)
per Series B share.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">This dividend will be paid on account of income from the
2007 fiscal year and will be available to shareholders beginning July 26, 2007.
&nbsp;The Shareholders&#146; Registry will close on July 20, 2007 for payment of this
dividend.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">No other significant events of a financial or any other
nature have occurred between June 30, 2007 and the issuance date of these
financial statements that affect or may affect the assets, liabilities and/or
income of the Company</P>
<P style="MARGIN: 0px"><BR><BR></P>
<P
style="FONT-SIZE: 11pt; MARGIN: 0px; TEXT-INDENT: 286px; LINE-HEIGHT: 13pt">56</P>
<P style="MARGIN: 0px"><BR></P>
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<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 13px; MARGIN-BOTTOM: 0px"><BR></P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt"
align=center>SIGNATURES</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="FONT-SIZE: 12pt; MARGIN: 0px; TEXT-INDENT: 96px; LINE-HEIGHT: 14pt">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, in the city of Santiago, Chile.</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 96px; FONT-SIZE: 12pt; MARGIN-BOTTOM: -18px; LINE-HEIGHT: 14pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P
style="PADDING-LEFT: 96px; FONT-SIZE: 12pt; MARGIN: 0px; TEXT-INDENT: 234px; LINE-HEIGHT: 14pt"><B>EMBOTELLADORA
ANDINA S.A.</B></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="PADDING-LEFT: 96px; FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 96px; FONT-SIZE: 12pt; MARGIN-BOTTOM: -18px; LINE-HEIGHT: 14pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P
style="PADDING-LEFT: 96px; FONT-SIZE: 12pt; MARGIN: 0px; TEXT-INDENT: 234px; LINE-HEIGHT: 14pt">By:
<U>/s/ Osvaldo
Garay&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 96px; FONT-SIZE: 12pt; MARGIN-BOTTOM: -18px; LINE-HEIGHT: 14pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P
style="PADDING-LEFT: 96px; FONT-SIZE: 12pt; MARGIN: 0px; TEXT-INDENT: 234px; LINE-HEIGHT: 14pt">Name:
&nbsp;&nbsp;Osvaldo Garay</P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 96px; FONT-SIZE: 12pt; MARGIN-BOTTOM: -18px; LINE-HEIGHT: 14pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P
style="PADDING-LEFT: 96px; FONT-SIZE: 12pt; MARGIN: 0px; TEXT-INDENT: 234px; LINE-HEIGHT: 14pt">Title:
&nbsp;&nbsp;&nbsp;Chief Financial Officer </P>
<P style="MARGIN: 0px"><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt">Santiago, April 8,
2008</P><A name=_PictureBullets></A>
<P style="MARGIN: 0px">&nbsp;</P>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN: 0px"><BR></P></DIV></BODY>
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