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<SEC-DOCUMENT>0000893750-08-000476.txt : 20080910
<SEC-HEADER>0000893750-08-000476.hdr.sgml : 20080910
<ACCEPTANCE-DATETIME>20080910160817
ACCESSION NUMBER:		0000893750-08-000476
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080910
FILED AS OF DATE:		20080910
DATE AS OF CHANGE:		20080910

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:		081065356

	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>f6k.htm
<DESCRIPTION>FORM 6K
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE>Form 6-K</TITLE>
<META content=STB name=author>
<META content=09/09/2008 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="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt"
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="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt"
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><B>September 2008</B></P>
<P style="MARGIN: 0px" align=center>Date of Report (Date of Earliest Event
Reported)</P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt"
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" align=justify>&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>(Address of principal executive office)</P>
<P style="FONT-SIZE: 7.5pt; MARGIN: 0px" align=justify>&nbsp;</P>
<P style="FONT-SIZE: 12pt; MARGIN: 0px; LINE-HEIGHT: 14pt"
align=center>__________________</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"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; 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="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="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="PADDING-LEFT: 94px; MARGIN: 0px"><B>CONSOLIDATED FINANCIAL
STATEMENTS</B></P>
<P style="PADDING-LEFT: 94px; MARGIN: 0px">As of June 30, 2008</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">(Free 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="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px; TEXT-INDENT: -18px">Report of
Independent Auditors</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="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: 0px" align=justify><BR><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px" align=justify>REPORT OF INDEPENDENT AUDITORS</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>(Translation of original in Spanish)</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Santiago, July 22, 2008</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>To the Shareholders and Directors</P>
<P style="MARGIN: 0px" align=justify>Embotelladora Andina S.A.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>We have reviewed the accompanying
Consolidated Balance Sheets of Embotelladora Andina S.A. and its subsidiaries
(the &#147;Company&#148;) as of June 30, 2008 and 2007, 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" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>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,
2008 and 2007 have not been audited and therefore, we cannot, nor do we express,
such an opinion.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>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" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Juan Carlos Pitta De C.</P>
<P style="MARGIN: 0px" align=justify>Id No. 14.709.125-7</P>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>2</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px"><B>Consolidated Balance Sheets</B></P>
<P style="MARGIN: 0px">(Figures in ThCh$ of June 30, 2008)</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=402></TD>
<TD width=110></TD>
<TD width=114></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P>&nbsp;</P></TD>
<TD vAlign=top width=225 colSpan=2>
<P style="MARGIN: 0px" align=center><B>&nbsp;For the period ended
</B></P></TD></TR>
<TR>
<TD vAlign=top width=402>
<P style="MARGIN: 0px"><B>ASSETS</B></P></TD>
<TD vAlign=top width=225 colSpan=2>
<P style="MARGIN: 0px" align=center><B>June 30,</B></P></TD></TR>
<TR>
<TD vAlign=top width=402>
<P>&nbsp;</P></TD>
<TD vAlign=top width=110>
<P style="MARGIN: 0px" align=center><B>2008</B></P></TD>
<TD vAlign=top width=114>
<P style="MARGIN: 0px" align=center><B>2007</B></P></TD></TR>
<TR>
<TD vAlign=top width=402>
<P style="MARGIN: 0px"><B>CURRENT ASSETS</B></P></TD>
<TD vAlign=top width=110>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=114>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Cash </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>8,410,939</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>33,955,602</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Time deposits </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>30,522,600</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>21,210,397</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Marketable securities (net) &nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>64,158,558</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>29,313,765</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Trade accounts receivable (net) </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>28,452,799</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>25,118,179</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Notes receivable (net) </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>7,815,012</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>7,798,546</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Other receivables (net) </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>16,362,695</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>8,402,242</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Notes and accounts receivable from related
companies </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>1,292,800</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>1,010,418</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Inventories (net) </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>27,102,120</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>25,331,253</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Recoverable taxes </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>3,022,769</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>2,808,242</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Prepaid expenses </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>3,141,814</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>2,506,453</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Deferred income taxes </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>6,201,511</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>551,173</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Other current assets </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>6,257,040</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>27,512,047</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL CURRENT ASSETS </B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right><B>202,740,657</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right><B>185,518,317</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px"><B>PROPERTY, PLANT &amp; EQUIPMENT </B></P></TD>
<TD vAlign=bottom width=110>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Land </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>18,294,152</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>17,893,137</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Buildings &amp; improvements </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>107,225,708</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>97,088,996</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Machinery and equipment </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>246,701,079</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>237,948,442</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Other property, plant &amp; equipment </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>243,010,457</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>236,294,953</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Technical reappraisal of property, plant
&amp; equipment </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>2,278,657</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>2,281,682</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Depreciation </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(428,228,839)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(429,423,960)</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL PROPERTY, PLANT &amp; EQUIPMENT
</B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right><B>189,281,214</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right><B>162,083,250</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px"><B>OTHER ASSETS </B></P></TD>
<TD vAlign=bottom width=110>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Investments in related companies </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>24,232,910</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>22,369,518</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Investments in other companies </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>149,621</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>61,655</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Goodwill </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>57,226,609</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>69,192,200</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Long-term receivables </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>25,516</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>70,775</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Long-term notes and accounts receivable from
related companies </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>45,890</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>39,396</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Intangibles </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>1,499,576</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>457,947</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Amortization </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(157,939)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(285,689)</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px">&nbsp;Others </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>25,969,138</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>104,970,174</P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL OTHER ASSETS </B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right><B>108,991,321</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right><B>196,875,976</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=402>
<P style="MARGIN: 0px"><B>TOTAL ASSETS</B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right><B>501,013,192</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right><B>544,477,543</B></P></TD></TR></TABLE>
<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 34 are an integral part of
these consolidated financial statements.</P><A name=RANGE!A1:C35></A>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>3</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px"><B>Consolidated Balance Sheets</B></P>
<P style="MARGIN: 0px">(Figures in ThCh$ of June 30, 2008)</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=372></TD>
<TD width=110></TD>
<TD width=114></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P>&nbsp;</P></TD>
<TD vAlign=top width=225 colSpan=2>
<P style="MARGIN: 0px" align=center><B>&nbsp;For the period
ended</B></P></TD></TR>
<TR>
<TD vAlign=top width=372>
<P>&nbsp;</P></TD>
<TD vAlign=top width=225 colSpan=2>
<P style="MARGIN: 0px" align=center><B>June 30,</B></P></TD></TR>
<TR>
<TD vAlign=top width=372>
<P style="MARGIN: 0px"><B>LIABILITIES AND SHAREHOLDERS' EQUITY</B></P></TD>
<TD vAlign=top width=110>
<P style="MARGIN: 0px" align=center><B>2008</B></P></TD>
<TD vAlign=top width=114>
<P style="MARGIN: 0px" align=center><B>2007</B></P></TD></TR>
<TR>
<TD vAlign=top width=372>
<P>&nbsp;</P></TD>
<TD vAlign=top width=110>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=114>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Short-term bank liabilities </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>7,298,572</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>368,753</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Current portion of long-term bank liabilities
</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>141,251</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Current portion of bonds payable </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>419,563</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>32,623,589</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Dividends payable </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>5,804,056</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>62,992,550</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Accounts payable </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>44,336,573</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>32,500,498</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Other creditors </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>6,183,800</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>4,648,255</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Notes and accounts payable to related
companies </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>7,705,393</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>4,235,840</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Provisions </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>4,254,350</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>3,510,609</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Withholdings </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>15,792,610</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>10,376,982</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Income taxes payable </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>2,194,852</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>1,395,281</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Unearned income </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>128</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>595,010</P></TD></TR>
<TR>
<TD vAlign=top width=372>
<P style="MARGIN: 0px">&nbsp;Other current liabilities </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>4,461,948</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>4,721,060</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL CURRENT LIABILITIES </B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right><B>98,593,096</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right><B>157,968,427</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Long-term bank liabilities </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>770,489</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>847,707</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Bonds payable </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>75,987,127</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>77,337,370</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Other creditors </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>90,107</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>146,265</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Long-term notes and accounts payable to
related companies </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>3,200,259</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>3,706,935</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Provisions </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>17,891,301</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>18,702,711</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Deferred income taxes </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>17,646,097</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>7,688,038</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Other long-term liabilities </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>13,452,246</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>10,991,251</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL LONG-TERM LIABILITIES </B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right><B>129,037,626</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right><B>119,420,277</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Minority interest</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>1,318,969</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>1,341,095</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Paid-in capital </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>217,013,513</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>220,044,428</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Reserve capital revalued</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>6,944,432</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>4,180,844</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Other reserves </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,747,124)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>(2,089,385)</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Retained earnings </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>54,852,680</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>43,611,857</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Accumulated earnings </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>21,984,144</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>11,566,482</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Net income for the period </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>38,456,554</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>38,130,727</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px">&nbsp;Interim dividends</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>(5,588,018)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>(6,085,352)</P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL SHAREHOLDERS&#146; EQUITY </B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right><B>272,063,501</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right><B>265,747,744</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=372>
<P style="MARGIN: 0px"><B>&nbsp;TOTAL LIABILITIES &amp; SHAREHOLDERS'
EQUITY </B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right><B>501,013,192</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right><B>544,477,543</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The accompanying Notes 1 to 34 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; LINE-HEIGHT: 13pt" align=center>4</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px"><B>Consolidated Statements of Income</B></P>
<P style="MARGIN: 0px">(Figures in ThCh$ of June 30, 2008)</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=325></TD>
<TD width=110></TD>
<TD width=114></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=225 colSpan=2>
<P style="MARGIN: 0px" align=center><B>&nbsp;For the period ended
</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=225 colSpan=2>
<P style="MARGIN: 0px" align=center><B>June 30,</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=center><B>2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">Net sales </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359,348,683 </P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323,284,566
</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">Cost of sales </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>(196,198,543)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>(184,029,596)</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">Gross margin </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>163,150,140</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>139,254,970</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">Administrative and selling expenses </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(105,032,951)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(86,097,317)</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px"><B>OPERATING INCOME </B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right><B>58,117,189</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right><B>53,157,653</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">&nbsp;Financial income </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>7,448,263</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>8,466,032</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">&nbsp;Equity in earnings of equity investments
</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>427,059</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>560,334</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">&nbsp;Other non-operating income </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>5,479,575</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>4,533,064</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">&nbsp;Equity in losses of equity investments
</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(78,576)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(356,246)</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">&nbsp;Amortization of goodwill </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,155,620)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,516,232)</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">&nbsp;Financial expenses </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14,464,535)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,280,413)</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">&nbsp;Other non-operating expenses </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,827,177)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,524,296)</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">&nbsp;Price level restatement </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(886,385)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91,050
</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">&nbsp;Foreign exchange gains </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,140,418
</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>(3,477,387)</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px"><B>&nbsp;NON OPERATING INCOME AND EXPENSE
</B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,916,978)</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,504,094)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">&nbsp;Income before income taxes and extraordinary
items </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>50,200,211</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>48,653,559</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">&nbsp;Income tax expense </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11,752,030)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10,480,416)</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">&nbsp;Income before minority interest </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right>38,448,181</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=right>38,173,143</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px">&nbsp;Minority interest </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,373
</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(42,416)</P></TD></TR>
<TR>
<TD vAlign=bottom width=325>
<P style="MARGIN: 0px"><B>&nbsp;NET INCOME FOR THE PERIOD </B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px" align=right><B>38,456,554</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right><B>38,130,727</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">The accompanying Notes 1 to 34 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; LINE-HEIGHT: 13pt" align=center>5</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px"><B>Consolidated Statements of Cash Flow</B></P>
<P style="MARGIN: 0px">(Figures in ThCh$ of June 30, 2008)</P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:C39></A><A
name=RANGE!A2:C37></A><A name=RANGE!A2:C34></A><A name=RANGE!A2:C35></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=413></TD>
<TD width=110></TD>
<TD width=114></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P>&nbsp;</P></TD>
<TD vAlign=top width=225 colSpan=2>
<P style="MARGIN: 0px" align=center><B>&nbsp;For the period ended
</B></P></TD></TR>
<TR>
<TD vAlign=top width=413>
<P>&nbsp;</P></TD>
<TD vAlign=top width=225 colSpan=2>
<P style="MARGIN: 0px" align=center><B>June 30,</B></P></TD></TR>
<TR>
<TD vAlign=top width=413>
<P>&nbsp;</P></TD>
<TD vAlign=top width=110>
<P style="MARGIN: 0px" align=center><B>2008</B></P></TD>
<TD vAlign=top width=114>
<P style="MARGIN: 0px" align=center><B>2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P>&nbsp;</P></TD>
<TD vAlign=top width=110>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=114>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Collection of trade receivables &nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537,556,212 </P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;459,008,202
</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Financial income received &nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,171,526
</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,411,243
</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Dividend &amp; other distributions received </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,759,000
</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,653,123
</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Other income received &nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64,078
</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51,506
</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Payments to suppliers and personnel &nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(392,181,279)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(330,483,947)</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Interest paid &nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11,040,503)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,035,688)</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Income taxes paid &nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15,724,113)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11,188,166)</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">VAT and other tax payments &nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(75,087,617)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(61,725,779)</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px"><B>NET CASH PROVIDED BY OPERATING ACTIVITIES
</B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70,517,304
</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58,690,494
</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Borrowings &nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45,947,567
</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;462,110
</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Dividend distribution </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(59,259,429)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(15,228,417)</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Loan payments </P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(43,349,638)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,125,589)</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Bond payments</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,553,184)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,629,082)</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px"><B>NET CASH PROVIDED BY (USED IN) FINANCING
ACTIVITIES </B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(63,214,684)</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(24,520,978)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Proceeds from sales of property, plant and
equipment &nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308,675
</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480,766
</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Proceeds from sales of other investments
&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,005,585
</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,144,952
</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Additions to property, plant &amp; equipment
</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30,880,665)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25,046,636)</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Investments in financial instruments</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(16,270)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(222,166)</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Other investment disbursements</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(835,181)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
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;</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px"><B>NET CASH PROVIDED BY (USED IN) INVESTMENT
&nbsp;&nbsp;&nbsp;ACTIVITIES </B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30,417,856)</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(643,084)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right><B>&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;</B></P></TD></TR>
<TR>
<TD vAlign=top width=413>
<P style="MARGIN: 0px"><B>TOTAL NET CASH FOR THE PERIOD </B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(23,115,236)</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33,526,432
</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Effect of inflation on cash and cash equivalents
</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;951,731
</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;652,598
</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Net (decrease) increase in cash and cash
equivalents &nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22,163,505)</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34,179,030
</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px">Cash and cash equivalents at beginning of period
&nbsp;</P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125,255,602 </P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45,529,054
</P></TD></TR>
<TR>
<TD vAlign=bottom width=413>
<P style="MARGIN: 0px"><B>Cash and cash equivalents at end of period
</B></P></TD>
<TD vAlign=bottom width=110>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103,092,097
</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79,708,084
</B></P></TD></TR></TABLE>
<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 34 are an integral part of
these consolidated financial statements.</P>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>6</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<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">(Figures in ThCh$ of June 30, 2008)</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=450></TD>
<TD width=104></TD>
<TD width=118></TD></TR>
<TR>
<TD vAlign=top width=450>
<P>&nbsp;</P></TD>
<TD vAlign=top width=222 colSpan=2>
<P style="MARGIN: 0px" align=center><B>&nbsp;For the period ended
</B></P></TD></TR>
<TR>
<TD vAlign=top width=450>
<P>&nbsp;</P></TD>
<TD vAlign=top width=222 colSpan=2>
<P style="MARGIN: 0px" align=center><B>June 30,</B></P></TD></TR>
<TR>
<TD vAlign=top width=450>
<P>&nbsp;</P></TD>
<TD vAlign=top width=104>
<P style="MARGIN: 0px" align=center><B>2008</B></P></TD>
<TD vAlign=top width=118>
<P style="MARGIN: 0px" align=center><B>2007</B></P></TD></TR>
<TR>
<TD vAlign=top width=450>
<P>&nbsp;</P></TD>
<TD vAlign=top width=104>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=top width=118>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD></TR>
<TR>
<TD vAlign=top width=450>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=118>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px"><B>Net Income</B></P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38,456,554
</B></P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38,130,727
</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px"><B>Income on sale of assets:</B></P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(64,693)</B></P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232,839
</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Loss (Gain) on sale of property, plant and
equipment</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(56,823)</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247,040
</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Gain on sale of other assets</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,870)</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14,201)</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=118>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px"><B>Adjustments to net income that do not represent
movements of cash</B></P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,979,299
</B></P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,708,790
</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Depreciation</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,789,515
</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,815,018
</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Amortization of intangibles</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,937
</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126,947
</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Write-offs and provisions</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496,574
</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;772,238
</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Equity in earnings of equity investments</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(427,059)</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(560,334)</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Equity in losses of equity investments</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78,576
</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;356,246
</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Amortization of goodwill</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,155,620
</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,516,232
</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Price level restatement</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;886,385
</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(91,050)</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Foreign exchange gains, net</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,140,418)</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,477,387
</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Other credits to income that do not represent cash
flows</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(432,797)</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,224,634)</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Other charges to income that do not represent cash
flows</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,514,966
</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520,740
</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=118>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px"><B>Changes in operating assets</B></P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,936,301
</B></P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,140,529
</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">(Increase) decrease in trade accounts
receivable</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,313,939
</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26,512,096
</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">(Increase) decrease in inventories</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,235,602
</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(734,541)</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">(Increase) decrease in other assets</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,613,240)</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,637,026)</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=118>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px"><B>Changes in operating liabilities</B></P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13,781,784)</B></P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20,564,807)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Increase (decrease) in accounts payable related to
operating income</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20,675,524)</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26,348,235)</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Increase (decrease) in interest payable</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,819,819
</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,396,963
</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Increase (decrease) in income taxes payable</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(18,756,563)</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,235,514
</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Increase (decrease) in other accounts payable
related to non-operating income</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,813,296
</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,548,242
</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px">Increase (decrease) in valued added tax and other
similar items</P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,982,812)</P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,397,291)</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=118>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px"><B>Minority interest</B></P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8,373)</B></P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42,416
</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=118>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=450>
<P style="MARGIN: 0px"><B>NET CASH PROVIDED BY OPERATING
ACTIVITIES</B></P></TD>
<TD vAlign=bottom width=104>
<P
style="MARGIN: 0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70,517,304
</B></P></TD>
<TD vAlign=bottom width=118>
<P
style="MARGIN: 0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58,690,494
</B></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:C32></A>
<P style="MARGIN: 0px">The accompanying Notes 1 to 34 are an integral part of
these consolidated financial statements.</P>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>7</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS</B></P>
<P style="MARGIN: 0px">As of June 30, 2008 and 2007 (figures in ThCh$ of June
30, 2008)</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 1 - Incorporation in the Securities
Register</B></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"><B>Note 2 - Summary of Significant Accounting
Principles</B></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; LINE-HEIGHT: 6pt"><BR></P>
<P style="MARGIN: 0px">The consolidated financial statements cover the period
January 1 to June 30, 2008 and are compared to the same period in 2007.</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; LINE-HEIGHT: 6pt"><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; LINE-HEIGHT: 6pt"><BR></P>
<P style="MARGIN: 0px">For comparison purposes, the figures in the prior-year
financial statements have been restated by 8.9% 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; LINE-HEIGHT: 6pt"><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; LINE-HEIGHT: 6pt"><BR></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"><B>Holding percentages</B></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>
<P style="MARGIN: 0px; LINE-HEIGHT: 6pt"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=215></TD>
<TD width=44></TD>
<TD width=55></TD>
<TD width=39></TD>
<TD width=39></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=215>
<P style="MARGIN: 0px"><B>Company Name</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=179 colSpan=4>
<P style="MARGIN: 0px" align=center><B>Ownership Interest</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=215>
<P style="MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=139 colSpan=3>
<P style="MARGIN: 0px" align=center><B>2008</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=39>
<P style="MARGIN: 0px" align=center><B>2007</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=215>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=44>
<P style="MARGIN: 0px" align=center><B>Direct</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=55>
<P style="MARGIN: 0px" align=center><B>Indirect</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=39>
<P style="MARGIN: 0px" align=center><B>Total</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=39>
<P style="MARGIN: 0px" align=center><B>Total</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=215>
<P style="MARGIN: 0px">Abisa Corp S.A.</P></TD>
<TD vAlign=bottom width=44>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=55>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=215>
<P style="MARGIN: 0px">Andina Bottling Investments S.A.</P></TD>
<TD vAlign=bottom width=44>
<P style="MARGIN: 0px" align=right>99.90</P></TD>
<TD vAlign=bottom width=55>
<P style="MARGIN: 0px" align=right>0.09</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=215>
<P style="MARGIN: 0px">Andina Inversiones Societarias S.A.</P></TD>
<TD vAlign=bottom width=44>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=55>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=215>
<P style="MARGIN: 0px">Andina Bottling Investments Dos S.A.</P></TD>
<TD vAlign=bottom width=44>
<P style="MARGIN: 0px" align=right>99.90</P></TD>
<TD vAlign=bottom width=55>
<P style="MARGIN: 0px" align=right>0.09</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=215>
<P style="MARGIN: 0px">Embotelladora del Atl&#225;ntico S.A.</P></TD>
<TD vAlign=bottom width=44>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=55>
<P style="MARGIN: 0px" align=right>99.98</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.98</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.96</P></TD></TR>
<TR>
<TD vAlign=bottom width=215>
<P style="MARGIN: 0px">Rio de Janeiro Refrescos Ltda.</P></TD>
<TD vAlign=bottom width=44>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=55>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=215>
<P style="MARGIN: 0px">Servicios Multivending Ltda.</P></TD>
<TD vAlign=bottom width=44>
<P style="MARGIN: 0px" align=right>99.90</P></TD>
<TD vAlign=bottom width=55>
<P style="MARGIN: 0px" align=right>0.09</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=215>
<P style="MARGIN: 0px">Transportes Andina Refrescos Ltda.</P></TD>
<TD vAlign=bottom width=44>
<P style="MARGIN: 0px" align=right>99.90</P></TD>
<TD vAlign=bottom width=55>
<P style="MARGIN: 0px" align=right>0.09</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=215>
<P style="MARGIN: 0px">Vital S.A.</P></TD>
<TD vAlign=bottom width=44>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=55>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=215>
<P style="MARGIN: 0px">RJR Investments Corp S.A.</P></TD>
<TD vAlign=bottom width=44>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=55>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>99.99</P></TD></TR>
<TR>
<TD vAlign=bottom width=215>
<P style="MARGIN: 0px">Vital Aguas S.A.</P></TD>
<TD vAlign=bottom width=44>
<P style="MARGIN: 0px" align=right>56.50</P></TD>
<TD vAlign=bottom width=55>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>56.50</P></TD>
<TD vAlign=bottom width=39>
<P style="MARGIN: 0px" align=right>56.50</P></TD></TR></TABLE>
<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 </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>8</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">the official Chilean Consumer Price Index,
&#147;CPI&#148;,&nbsp;issued by the Chilean National Institute of Statistics, which
amounted to 3.2% for the period December 1, 2007 to May 31, 2008 (1.9% 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>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=126></TD>
<TD width=43></TD>
<TD width=62></TD>
<TD width=62></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=43>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=62>
<P style="MARGIN: 0px" align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=62>
<P style="MARGIN: 0px" align=center><B>2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=43>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=62>
<P style="MARGIN: 0px" align=center><B>Ch$</B></P></TD>
<TD vAlign=bottom width=62>
<P style="MARGIN: 0px" align=center><B>Ch$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<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=62>
<P style="MARGIN: 0px" align=right>20,252.71</P></TD>
<TD vAlign=bottom width=62>
<P style="MARGIN: 0px" align=right>18,624.17</P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="MARGIN: 0px">United States dollars </P></TD>
<TD vAlign=bottom width=43>
<P style="MARGIN: 0px">(US$)</P></TD>
<TD vAlign=bottom width=62>
<P style="MARGIN: 0px" align=right>526.05</P></TD>
<TD vAlign=bottom width=62>
<P style="MARGIN: 0px" align=right>526.86</P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="MARGIN: 0px">Argentine pesos </P></TD>
<TD vAlign=bottom width=43>
<P style="MARGIN: 0px">(AR$)</P></TD>
<TD vAlign=bottom width=62>
<P style="MARGIN: 0px" align=right>173.90</P></TD>
<TD vAlign=bottom width=62>
<P style="MARGIN: 0px" align=right>171.11</P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="MARGIN: 0px">Brazilian Real </P></TD>
<TD vAlign=bottom width=43>
<P style="MARGIN: 0px">(R$)</P></TD>
<TD vAlign=bottom width=62>
<P style="MARGIN: 0px" align=right>330.45</P></TD>
<TD vAlign=bottom width=62>
<P style="MARGIN: 0px" align=right>273.52</P></TD></TR>
<TR>
<TD vAlign=bottom width=126>
<P style="MARGIN: 0px">Euro</P></TD>
<TD vAlign=bottom width=43>
<P style="MARGIN: 0px">(&#128;$)</P></TD>
<TD vAlign=bottom width=62>
<P style="MARGIN: 0px" align=right>826.16</P></TD>
<TD vAlign=bottom width=62>
<P style="MARGIN: 0px" align=right>713.03</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><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 are valued at the lesser of restated
cost plus accrued interest and market value.</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
for use. &nbsp;The costs of finished products include all manufacturing costs.
&nbsp;Raw materials and finished products are valued at the average weighted
cost. &nbsp;</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Provisions are made for obsolescence on the basis of
turnover of raw materials and finished products.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">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 acquisition value 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 2m. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">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"><BR></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></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>9</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><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"><BR></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,
under Financial Expenses.</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"><BR></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: 0px"><BR></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"><BR></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></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>10</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; 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"><BR></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"><BR></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"><BR></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 instruments used to hedge
the risk of exposure to exchange rate differences as follows:</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Derivative instruments used to hedge existing items on
the balance sheet are recorded at their fair values. &nbsp;Unrealized losses are
recognized as a charge to income and gains are deferred and included in Other
liabilities (current or long-term). Hedge ineffectiveness is recognized in the
income statement. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Derivative instruments used to hedge forecasted
transactions are recorded at their market values and the changes in their values
are accounted for as unrealized gains or losses. &nbsp;Upon contract expiration,
the deferred gains and losses are recorded in the income statements.</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"><BR></P>
<P style="MARGIN: 0px">Corresponds to computer packages currently in use that
have a future economic benefit, and are amortized over a period equal to their
useful life. </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"><BR></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"><BR></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 Securities and Exchange Commission) </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"><BR></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"><B>Note 3 - Accounting Changes</B></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></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>11</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 4 - Marketable Securities</B></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=212></TD>
<TD width=136></TD>
<TD width=120></TD>
<TD width=11></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P style="MARGIN: 0px"><B>Type of Instrument </B></P></TD>
<TD vAlign=top width=268 colSpan=3>
<P style="MARGIN: 0px" align=center><B>Accounting value for the period
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></P>
<P style="MARGIN: 0px" align=center><B>ended June 30,</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=136>
<P style="MARGIN: 0px" align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P style="MARGIN: 0px" align=center><B>2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=136>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P style="MARGIN: 0px">Bonds</P></TD>
<TD vAlign=bottom width=136>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P style="MARGIN: 0px" align=right>2,375,900</P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P style="MARGIN: 0px">Mutual funds</P></TD>
<TD vAlign=bottom width=136>
<P style="MARGIN: 0px" align=right>6,619,798</P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P style="MARGIN: 0px" align=right>2,472,126</P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P style="MARGIN: 0px">Investment funds</P></TD>
<TD vAlign=bottom width=136>
<P style="MARGIN: 0px" align=right>57,538,760</P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P style="MARGIN: 0px" align=right>24,465,739</P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P style="MARGIN: 0px"><B>Total marketable securities</B></P></TD>
<TD vAlign=bottom width=136>
<P style="MARGIN: 0px" align=right><B>64,158,558</B></P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P style="MARGIN: 0px" align=right><B>29,313,765</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P style="MARGIN: 0px"><B><U>Mutual funds:</U></B></P></TD>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=top width=132 colSpan=2>
<P style="MARGIN: 0px" align=center><B>Accounting value for the period
ended June 30, 2008</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=212 rowSpan=2>
<P style="MARGIN: 0px"><B>Institution</B></P></TD>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=132 colSpan=2 rowSpan=2>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P style="MARGIN: 0px">Fondo Mutuo Celfin Capital</P></TD>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P style="MARGIN: 0px" align=right>6,398,889</P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P style="MARGIN: 0px">Fondo Mutuo Scotiabank </P></TD>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P style="MARGIN: 0px" align=right>186,000</P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P style="MARGIN: 0px">Fondo Mutuo Ita&#250;</P></TD>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P style="MARGIN: 0px" align=right>34,909</P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P style="MARGIN: 0px"><B>Balance mutual funds</B></P></TD>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P style="MARGIN: 0px" align=right><B>6,619,798</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P style="MARGIN: 0px"><B><U>Investment funds:</U></B></P></TD>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=212 rowSpan=2>
<P style="MARGIN: 0px"><B>Institution</B></P></TD>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=132 colSpan=2 rowSpan=2>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P style="MARGIN: 0px">DWS Institutional USD Money Plus</P></TD>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P style="MARGIN: 0px" align=right>34,030,765</P></TD></TR>
<TR>
<TD vAlign=bottom width=348 colSpan=2>
<P style="MARGIN: 0px">Citi Institutional Liquid Reserves Limited -
USA</P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P style="MARGIN: 0px" align=right>23,507,995</P></TD></TR>
<TR>
<TD vAlign=bottom width=212>
<P style="MARGIN: 0px"><B>Balance investment funds</B></P></TD>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P style="MARGIN: 0px"
align=right><B>57,538,760</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; LINE-HEIGHT: 13pt" align=center>12</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px"><B>Note 5 &#150; Short and Long-Term Receivables</B></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; LINE-HEIGHT: 7pt"><BR></P><A name=RANGE!A5:N15></A><A
name=RANGE!A5:J15></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=149></TD>
<TD width=57></TD>
<TD width=57></TD>
<TD width=73></TD>
<TD width=78></TD>
<TD width=67></TD>
<TD width=57></TD>
<TD width=57></TD>
<TD width=50></TD>
<TD width=50></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=130 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>CURRENT</B></P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=67>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=100 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>LONG TERM</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Up to 90 days</B></P></TD>
<TD vAlign=bottom width=151 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>More than 90 days up to 1 year</B></P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Subtotal</B></P></TD>
<TD vAlign=bottom width=114 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>&nbsp;&nbsp;&nbsp;Total current (net)</B></P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=73>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=73>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=67>
<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=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Trade
receivables</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>28,634,498</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>24,220,777</P></TD>
<TD vAlign=bottom width=73>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>794,191</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>897,402</P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>29,428,689</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>28,452,799</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>25,118,179</P></TD>
<TD vAlign=bottom width=50>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Allowance for
doubtful accounts</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=73>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(975,890)</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Notes
receivable</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7,735,369</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7,352,313</P></TD>
<TD vAlign=bottom width=73>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>657,260</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>446,233</P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>8,392,629</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7,815,012</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7,798,546</P></TD>
<TD vAlign=bottom width=50>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Allowance for
doubtful accounts</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=73>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(577,617)</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Other
receivables</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>15,347,257</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7,930,827</P></TD>
<TD vAlign=bottom width=73>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1,259,845</P></TD>
<TD vAlign=bottom width=78>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>471,415</P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>16,607,102</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>16,362,695</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>8,402,242</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>25,516</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>70,775</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Allowance for
doubtful accounts</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=73>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=67>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(244,407)</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=73>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=181 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=50>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>25,516</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>70,775</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; LINE-HEIGHT: 13pt" align=center>13</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 6 - Balances and Transactions with Related
Companies</B></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>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=268></TD>
<TD width=100></TD>
<TD width=100></TD>
<TD width=102></TD>
<TD width=102></TD></TR>
<TR>
<TD vAlign=bottom width=268>
<P
style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"><B>Company</B></P></TD>
<TD vAlign=bottom width=200 colSpan=2>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>Short Term</B></P></TD>
<TD vAlign=bottom width=204 colSpan=2>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>Long Term</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=268>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=100>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=100>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=102>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=102>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=268>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=100>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=100>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=102>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=102>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=268>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt">EMBONOR
S.A.</P></TD>
<TD vAlign=bottom width=100>
<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;703,779
</P></TD>
<TD vAlign=bottom width=100>
<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;520,744
</P></TD>
<TD vAlign=bottom width=102>
<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;</P></TD>
<TD vAlign=bottom width=102>
<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;</P></TD></TR>
<TR>
<TD vAlign=bottom width=268>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt">EMBOTELLADORA
&nbsp;COCA-COLA POLAR S.A.</P></TD>
<TD vAlign=bottom width=100>
<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;589,021
</P></TD>
<TD vAlign=bottom width=100>
<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;489,674
</P></TD>
<TD vAlign=bottom width=102>
<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;</P></TD>
<TD vAlign=bottom width=102>
<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;</P></TD></TR>
<TR>
<TD vAlign=bottom width=268>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt">COCA-COLA DE
CHILE S. A.</P></TD>
<TD vAlign=bottom width=100>
<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;</P></TD>
<TD vAlign=bottom width=100>
<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;</P></TD>
<TD vAlign=bottom width=102>
<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;45,890
</P></TD>
<TD vAlign=bottom width=102>
<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;39,396
</P></TD></TR>
<TR>
<TD vAlign=bottom width=268>
<P
style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"><B>Total</B></P></TD>
<TD vAlign=bottom width=100>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,292,800
</B></P></TD>
<TD vAlign=bottom width=100>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,010,418
</B></P></TD>
<TD vAlign=bottom width=102>
<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;45,890
</B></P></TD>
<TD vAlign=bottom width=102>
<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;39,396
</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Within the normal course of business, in 2006 the Company
entered into a future supply agreement with Iansagro S.A. for the purchase of
sugar. &nbsp;This agreement will expire in January 2009.</P>
<P style="MARGIN: 0px"><BR></P>
<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">Coca-Cola de
Chile S.A.: &nbsp;Concentrate purchases</P>
<P style="PADDING-LEFT: 18px; MARGIN: 0px; TEXT-INDENT: -18px">Recofarma
Ind&#250;strias do Amazonas Ltda.: 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 S.R.L.: 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=354></TD>
<TD width=79></TD>
<TD width=80></TD>
<TD width=79></TD>
<TD width=80></TD></TR>
<TR>
<TD vAlign=bottom width=354>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Company</B></P></TD>
<TD vAlign=bottom width=159 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Short Term</B></P></TD>
<TD vAlign=bottom width=159 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Long Term</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=354>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=354>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=354>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">COCA-COLA DE
CHILE S.A.</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,188,694
</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182,197
</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&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=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=354>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">SERVICIOS Y
PRODUCTOS PARA BEBIDAS REFRESCANTES S.R.L.</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,972,882
</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,358,465
</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&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=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=354>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">ENVASES CMF S.
A.</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,606,381
</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;688,973
</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&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=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=354>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">RECOFARMA
INDUSTRIAS DO AMAZONAS LTDA.</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,486,655
</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,617,826
</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&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=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=354>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">ENVASES CENTRAL
S. A.</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397,924
</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248,725
</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&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=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=354>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">ENVASES DEL
PACIFICO S. A.</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52,857
</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,677
</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&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=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=354>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">CICAN
S.A.</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&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=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121,977
</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&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=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=354>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">EMBONOR
S.A.</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&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=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&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=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,544,093
</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,949,824
</P></TD></TR>
<TR>
<TD vAlign=bottom width=354>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">EMBOTELLADORA
COCA-COLA POLAR S.A.</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&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=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&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=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;656,166
</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757,111
</P></TD></TR>
<TR>
<TD vAlign=bottom width=354>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Total</B></P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,705,393
</B></P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,235,840
</B></P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,200,259
</B></P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,706,935
</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; LINE-HEIGHT: 13pt" align=center>14</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; 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 transactions with related
companies that exceed ThCh$200,000. </P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=192></TD>
<TD width=76></TD>
<TD width=115></TD>
<TD width=62></TD>
<TD width=85></TD>
<TD width=60></TD>
<TD width=80></TD></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Company</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Relation</P></TD>
<TD vAlign=bottom width=115>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Transaction</P></TD>
<TD vAlign=bottom width=148 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">June 30,
2008</P></TD>
<TD vAlign=bottom width=140 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">June 30,
2007</P></TD></TR>
<TR>
<TD vAlign=bottom width=192>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=115>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=62>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Amount</P></TD>
<TD vAlign=bottom width=85>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Effect on income
(charge) credit</P></TD>
<TD vAlign=bottom width=60>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Amount</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Effect on income
(charge) credit</P></TD></TR>
<TR>
<TD vAlign=bottom width=192>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=115>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=62>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">ThCh$</P></TD>
<TD vAlign=bottom width=85>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">ThCh$</P></TD>
<TD vAlign=bottom width=60>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">ThCh$</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">ThCh$</P></TD></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">ENVASES CENTRAL
S.A.</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Equity
Investee</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Finished
product<BR>purchase</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;7,129,199
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;8,176,494
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">-</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Sales of raw
materials <BR>and supplies</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754,882
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51,349
</P></TD>
<TD vAlign=bottom width=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830,697
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57,891
</P></TD></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">COCA-COLA DE
CHILE S.A.</P></TD>
<TD vAlign=bottom width=76>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Shareholder</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Concentrate
purchases</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;25,358,814
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=60>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;24,651,397
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">-</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Payment of
advertising <BR>participation</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690,811
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(690,811)</P></TD>
<TD vAlign=bottom width=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;3,191,662
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,191,662)</P></TD></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">-</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Sales of
advertisement</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;793,103
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;1,171,133
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">-</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Water source
rental</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;1,186,125
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,186,125)</P></TD>
<TD vAlign=bottom width=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;883,594
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(883,594)</P></TD></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">COCA-COLA DE
ARGENTINA S.A.</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Shareholder
<BR>related</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Payment of
advertising <BR>participation</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;1,120,435
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,120,435)</P></TD>
<TD vAlign=bottom width=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;1,201,818
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,201,818)</P></TD></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">SERVICIOS Y
PRODUCTOS PARA <BR>BEBIDAS REFRESCANTES S.R.L.</P></TD>
<TD vAlign=bottom width=76>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Shareholder</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Concentrate
purchases</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;14,217,012
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=60>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;13,921,131
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">RECOFARMA
INDUSTRIAS DO <BR>AMAZONAS LTDA.</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Shareholder
<BR>related</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Concentrate
purchases</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;25,065,307
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=60>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;30,925,853
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">-</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Payment of
advertising <BR>participation</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;1,606,052
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,606,052)</P></TD>
<TD vAlign=bottom width=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;1,504,211
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,504,211)</P></TD></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">ENVASES CMF
S.A.</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Equity
Investee</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Container
purchases</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;7,205,814
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;7,837,577
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">-</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Services
rendered</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124,558
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">-</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">-</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Dividend
payment</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;2,560,000
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;3,316,031
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">EMBONOR
S.A.</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Shareholder
<BR>related</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Sale of finished
products</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;4,442,364
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;973,492
</P></TD>
<TD vAlign=bottom width=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;4,153,556
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;843,915
</P></TD></TR>
<TR>
<TD vAlign=bottom width=192>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">-</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Finished product
<BR>purchase</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;211,853
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">EMBOTELLADORA
COCA-COLA <BR>POLAR S.A.</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Shareholder
<BR>related</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Sale of finished
<BR>products</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;2,657,022
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;284,645
</P></TD>
<TD vAlign=bottom width=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;2,460,494
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440,769
</P></TD></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">CICAN
S.A.</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Equity
Investee</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Finished product
<BR>purchase</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;809,112
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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></TR>
<TR>
<TD vAlign=bottom width=192>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">-</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Sales of raw
materials</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195,692
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55,028
</P></TD></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">IANSAGRO
S.A.<BR>&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Director in
<BR>common</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Sugar
purchases</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;8,285,114
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;5,740,654
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">BBVA
ADMINISTRADORA GENERAL DE FONDOS</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Director related
<BR>company</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Redemption of
mutual <BR>funds</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;6,890,000
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=60>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;48,580,770
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">BBVA
ADMINISTRADORA GENERAL DE FONDOS S.A.</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Director related
<BR>company</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Investment in
mutual <BR>funds</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;6,890,000
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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></TR>
<TR>
<TD vAlign=bottom width=192>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">VENDOMATICA
S.A.</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Director related
<BR>company</P></TD>
<TD vAlign=bottom width=115>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Sale of finished
products</P></TD>
<TD vAlign=bottom width=62>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;648,252
</P></TD>
<TD vAlign=bottom width=85>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194,475
</P></TD>
<TD vAlign=bottom width=60>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;686,190
</P></TD>
<TD vAlign=bottom width=80>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205,857
</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>15</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 7 &#150; Inventories</B></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!B1:H10></A><A
name=RANGE!B1:I10></A><A name=RANGE!B1:I11></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=136></TD>
<TD width=79></TD>
<TD width=116></TD>
<TD width=72></TD>
<TD width=79></TD>
<TD width=116></TD>
<TD width=72></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=268 colSpan=3>
<P style="MARGIN: 0px" align=center><B>June 30, 2008</B></P></TD>
<TD vAlign=bottom width=268 colSpan=3>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px" align=center><B>Gross Value</B></P></TD>
<TD vAlign=bottom width=116>
<P style="MARGIN: 0px" align=center><B>Obsolesence provision</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=center><B>Net value</B></P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px" align=center><B>Gross Value</B></P></TD>
<TD vAlign=bottom width=116>
<P style="MARGIN: 0px" align=center><B>Obsolesence provision</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=center><B>Net value</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=116>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=116>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=116>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=116>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P style="MARGIN: 0px">Finished products</P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px">&nbsp;&nbsp;13,569,171 </P></TD>
<TD vAlign=bottom width=116>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(185,277)</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px">&nbsp;13,383,894 </P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px">&nbsp;&nbsp;11,284,780 </P></TD>
<TD vAlign=bottom width=116>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(441,668)</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px">&nbsp;10,843,112 </P></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P style="MARGIN: 0px">Raw materials</P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px">&nbsp;&nbsp;10,954,644 </P></TD>
<TD vAlign=bottom width=116>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(147,041)</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px">&nbsp;10,807,603 </P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px">&nbsp;&nbsp;12,662,280 </P></TD>
<TD vAlign=bottom width=116>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(180,035)</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px">&nbsp;12,482,245 </P></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P style="MARGIN: 0px">Products in process</P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;2,203,371 </P></TD>
<TD vAlign=bottom width=116>
<P
style="MARGIN: 0px">&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=72>
<P style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;2,203,371 </P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;1,306,998 </P></TD>
<TD vAlign=bottom width=116>
<P
style="MARGIN: 0px">&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=72>
<P style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;1,306,998 </P></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P style="MARGIN: 0px">Raw materials in transit</P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;716,959
</P></TD>
<TD vAlign=bottom width=116>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9,707)</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707,252 </P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702,810
</P></TD>
<TD vAlign=bottom width=116>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,912)</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;698,898
</P></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=116>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=116>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=136>
<P style="MARGIN: 0px"><B>Total</B></P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px"><B>&nbsp;&nbsp;27,444,145 </B></P></TD>
<TD vAlign=bottom width=116>
<P
style="MARGIN: 0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(342,025)</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px"><B>&nbsp;27,102,120 </B></P></TD>
<TD vAlign=bottom width=79>
<P style="MARGIN: 0px"><B>&nbsp;&nbsp;25,956,868 </B></P></TD>
<TD vAlign=bottom width=116>
<P
style="MARGIN: 0px"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(625,615)</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px"><B>&nbsp;25,331,253 </B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 8 - Deferred Taxes and Income Taxes</B></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 2008 and 2007, the
Company did no present taxable profit or non-taxable profit funds.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px; TEXT-INDENT: 0px">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>
<P style="PADDING-LEFT: 47px; MARGIN: 0px; TEXT-INDENT: -47px">b) The following
table contains information on deferred taxes:</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=160></TD>
<TD width=63></TD>
<TD width=63></TD>
<TD width=55></TD>
<TD width=70></TD>
<TD width=63></TD>
<TD width=63></TD>
<TD width=63></TD>
<TD width=69></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=252 colSpan=4>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>June 30, 2008</B></P></TD>
<TD vAlign=bottom width=260 colSpan=4>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>June 30, 2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=127 colSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Assets</B></P></TD>
<TD vAlign=bottom width=125 colSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Liabilities</B></P></TD>
<TD vAlign=bottom width=127 colSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Assets</B></P></TD>
<TD vAlign=bottom width=133 colSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Liabilities</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Short term</B></P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Long term</B></P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Short term</B></P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Long term</B></P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Short term</B></P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Long term</B></P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Short term</B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Long term</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Temporary
differences</B></P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</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=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Allowance for
doubtful accounts</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>148,692</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>42,659</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>284,503</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>38,404</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Vacation
provision</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>168,440</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>149,952</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Production
expenses</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>16,103</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,216</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Depreciation of
property, plant &amp; equipment</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>156,313</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>6,593,249</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,985</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>117,443</P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,938,023</P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Severance
indmenities</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>54,463</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>29,029</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>217,569</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>72,489</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>34,987</P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>225,180</P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Others</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>975,303</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>704,119</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>28</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>582,493</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>860,601</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11,574</P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Provision for
assets write off</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>233,726</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,201,836</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>381,530</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>817,096</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Provision for
labor lawsuits</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,552,152</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,355,378</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Tax loss
carry-forwards</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,322,508</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,455,095</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,197,819</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Guarantee
deposit</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,089,000</P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Local bond issue
expenses</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>141,219</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>160,049</P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Contingency
allowance</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>337,468</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>260,206</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Accrued interests
abroad</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,611,986</P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Exchange rate
difference</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>16,359,366</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>12,206,885</P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Income
participation provision</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>467,646</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=70>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>394,900</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=69>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Complementary
accounts, net of amortization</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(1,827,072)</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(2,401,595)</P></TD></TR>
<TR>
<TD vAlign=bottom width=160>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Total</B></P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>6,386,881</B></P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>3,838,234</B></P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>185,370</B></P></TD>
<TD vAlign=bottom width=70>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>21,484,331</B></P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>5,327,163</B></P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>7,529,504</B></P></TD>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>4,775,990</B></P></TD>
<TD vAlign=bottom width=69>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>15,217,542</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px; TEXT-INDENT: -47px">c) The following
table contains information on income taxes at each period-end.</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=497></TD>
<TD width=88></TD>
<TD width=88></TD></TR>
<TR>
<TD vAlign=bottom width=497>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=88>
<P style="MARGIN: 0px" align=center><B>June 30, 2008</B></P></TD>
<TD vAlign=bottom width=88>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=497>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=88>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=88>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=497>
<P style="MARGIN: 0px">Current tax expense (tax allowance)</P></TD>
<TD vAlign=bottom width=88>
<P style="MARGIN: 0px" align=right>&nbsp;&nbsp;(10,241,663)</P></TD>
<TD vAlign=bottom width=88>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7,622,945)</P></TD></TR>
<TR>
<TD vAlign=bottom width=497>
<P style="MARGIN: 0px">Tax expense adjustment (previous period)</P></TD>
<TD vAlign=bottom width=88>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,460,825 </P></TD>
<TD vAlign=bottom width=88>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107,973
</P></TD></TR>
<TR>
<TD vAlign=bottom width=497>
<P style="MARGIN: 0px">Deferred income tax expense/effect over assets or
liabilities</P></TD>
<TD vAlign=bottom width=88>
<P style="MARGIN: 0px" align=right>(3,686,683)</P></TD>
<TD vAlign=bottom width=88>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,974,117)</P></TD></TR>
<TR>
<TD vAlign=bottom width=497>
<P style="MARGIN: 0px">Amortization of deferred income tax asset and
liability complementary accounts</P></TD>
<TD vAlign=bottom width=88>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(182,530)</P></TD>
<TD vAlign=bottom width=88>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(211,515)</P></TD></TR>
<TR>
<TD vAlign=bottom width=497>
<P style="MARGIN: 0px">Other charges or credits</P></TD>
<TD vAlign=bottom width=88>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;898,021
</P></TD>
<TD vAlign=bottom width=88>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220,188
</P></TD></TR>
<TR>
<TD vAlign=bottom width=497>
<P style="MARGIN: 0px"><B>Total </B></P></TD>
<TD vAlign=bottom width=88>
<P style="MARGIN: 0px" align=right><B>&nbsp;&nbsp;(11,752,030)</B></P></TD>
<TD vAlign=bottom width=88>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;(10,480,416)</B></P></TD><A
name=RANGE!A1:I26></A><A name=RANGE!A1:I27></A><A name=RANGE!A1:C9></A><A
name=RANGE!A1:C10></A><A name=RANGE!A4:C12></A><A
name=RANGE!A4:C13></A></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>16</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 9 - Other Current Assets</B></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=233></TD>
<TD width=119></TD>
<TD width=114></TD></TR>
<TR>
<TD vAlign=bottom width=233>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=119>
<P style="MARGIN: 0px" align=center><B>June 30, 2008</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=233>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=119>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=233>
<P style="MARGIN: 0px">Supplies</P></TD>
<TD vAlign=bottom width=119>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,541,492
</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,930,574
</P></TD></TR>
<TR>
<TD vAlign=bottom width=233>
<P style="MARGIN: 0px">Cross currency swap effects</P></TD>
<TD vAlign=bottom width=119>
<P style="MARGIN: 0px"
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;</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21,513,708
</P></TD></TR>
<TR>
<TD vAlign=bottom width=233>
<P style="MARGIN: 0px">Short term bonds discount</P></TD>
<TD vAlign=bottom width=119>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186,910
</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203,222
</P></TD></TR>
<TR>
<TD vAlign=bottom width=233>
<P style="MARGIN: 0px">Accrued interest on long-term bonds</P></TD>
<TD vAlign=bottom width=119>
<P style="MARGIN: 0px"
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;</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,067,858
</P></TD></TR>
<TR>
<TD vAlign=bottom width=233>
<P style="MARGIN: 0px">Wachovia Investment Fund (restricted)</P></TD>
<TD vAlign=bottom width=119>
<P style="MARGIN: 0px"
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;</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297,740
</P></TD></TR>
<TR>
<TD vAlign=bottom width=233>
<P style="MARGIN: 0px">Others</P></TD>
<TD vAlign=bottom width=119>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;528,638
</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;498,945
</P></TD></TR>
<TR>
<TD vAlign=bottom width=233>
<P style="MARGIN: 0px"><B>Total</B></P></TD>
<TD vAlign=bottom width=119>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,257,040
</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27,512,047
</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:C8></A><A
name=RANGE!A10:C19></A>
<P style="MARGIN: 0px"><B>Note 10 - Property, Plant and Equipment</B></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, Puente Alto, Maip&#250;, 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, Esp&#237;rito Santo and Vitoria.</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=195></TD>
<TD width=49></TD>
<TD width=85></TD>
<TD width=105></TD>
<TD width=49></TD>
<TD width=85></TD>
<TD width=105></TD></TR>
<TR>
<TD vAlign=bottom width=195>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>a) Main
components of property, plant and equipment</B></P></TD>
<TD vAlign=bottom width=239 colSpan=3>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Balances at June 30, 2008</B></P></TD>
<TD vAlign=bottom width=239 colSpan=3>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Balances at June 30, 2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=195>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49 rowSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Assets</B></P></TD>
<TD vAlign=bottom width=85 rowSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Accumulated depreciation</B></P></TD>
<TD vAlign=bottom width=105 rowSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Net, property, plant and equipment</B></P></TD>
<TD vAlign=bottom width=49 rowSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Assets</B></P></TD>
<TD vAlign=bottom width=85 rowSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Accumulated depreciation</B></P></TD>
<TD vAlign=bottom width=105 rowSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Net, property, plant and equipment</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=195>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=195>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=85>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=105>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=85>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=105>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=195>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Land</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>18,294,152</P></TD>
<TD vAlign=bottom width=85>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=105>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>18,294,152</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>17,893,137</P></TD>
<TD vAlign=bottom width=85>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=105>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>17,893,137</P></TD></TR>
<TR>
<TD vAlign=bottom width=195>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Buildings and
improvements</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>107,225,708</P></TD>
<TD vAlign=bottom width=85>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(39,789,446)</P></TD>
<TD vAlign=bottom width=105>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>67,436,262</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>97,088,996</P></TD>
<TD vAlign=bottom width=85>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(38,051,203)</P></TD>
<TD vAlign=bottom width=105>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>59,037,793</P></TD></TR>
<TR>
<TD vAlign=bottom width=195>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Machinery and
equipment</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>246,701,079</P></TD>
<TD vAlign=bottom width=85>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(193,925,770)</P></TD>
<TD vAlign=bottom width=105>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>52,775,309</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>237,948,442</P></TD>
<TD vAlign=bottom width=85>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(192,463,897)</P></TD>
<TD vAlign=bottom width=105>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>45,484,545</P></TD></TR>
<TR>
<TD vAlign=bottom width=195>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Other property,
plant and equipment</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>243,010,457</P></TD>
<TD vAlign=bottom width=85>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(193,820,207)</P></TD>
<TD vAlign=bottom width=105>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>49,190,250</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>236,294,953</P></TD>
<TD vAlign=bottom width=85>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(198,216,487)</P></TD>
<TD vAlign=bottom width=105>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>38,078,466</P></TD></TR>
<TR>
<TD vAlign=bottom width=195>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Technical
reappraisal of property, plant &amp; equipment</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,278,657</P></TD>
<TD vAlign=bottom width=85>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(693,416)</P></TD>
<TD vAlign=bottom width=105>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,585,241</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,281,682</P></TD>
<TD vAlign=bottom width=85>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(692,373)</P></TD>
<TD vAlign=bottom width=105>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,589,309</P></TD></TR>
<TR>
<TD vAlign=bottom width=195>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Total</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>617,510,053</B></P></TD>
<TD vAlign=bottom width=85>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>(428,228,839)</B></P></TD>
<TD vAlign=bottom width=105>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>189,281,214</B></P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>591,507,210</B></P></TD>
<TD vAlign=bottom width=85>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>(429,423,960)</B></P></TD>
<TD vAlign=bottom width=105>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>162,083,250</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=392></TD>
<TD width=10></TD>
<TD width=133></TD>
<TD width=131></TD></TR>
<TR>
<TD vAlign=bottom width=403 colSpan=2>
<P style="MARGIN: 0px"><B>b) Other property, plant and
equipment</B></P></TD>
<TD vAlign=bottom width=133>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=131>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=392>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=133>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=131>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=392>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=133>
<P style="MARGIN: 0px" align=center><B><U>June 30, &nbsp;2008
</U></B></P></TD>
<TD vAlign=bottom width=131>
<P style="MARGIN: 0px" align=center><B><U>June 30, 2007 </U></B></P></TD></TR>
<TR>
<TD vAlign=bottom width=392>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=133>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=131>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=392>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=133>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=131>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=392>
<P style="MARGIN: 0px">Containers</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=133>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139,205,272
</P></TD>
<TD vAlign=bottom width=131>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134,907,065
</P></TD></TR>
<TR>
<TD vAlign=bottom width=403 colSpan=2>
<P style="MARGIN: 0px">Refrigerating equipment, promotional items and
other minor assets</P></TD>
<TD vAlign=bottom width=133>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59,563,566
</P></TD>
<TD vAlign=bottom width=131>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63,263,169
</P></TD></TR>
<TR>
<TD vAlign=bottom width=392>
<P style="MARGIN: 0px">Furniture and tools</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=133>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,599,063
</P></TD>
<TD vAlign=bottom width=131>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,446,541
</P></TD></TR>
<TR>
<TD vAlign=bottom width=392>
<P style="MARGIN: 0px">Other</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=133>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35,642,556
</P></TD>
<TD vAlign=bottom width=131>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,678,178
</P></TD></TR>
<TR>
<TD vAlign=bottom width=392>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=133>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=131>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=392>
<P style="MARGIN: 0px"><B>Total other property, plant and
equipment</B></P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=133>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;243,010,457
</B></P></TD>
<TD vAlign=bottom width=131>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236,294,953
</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; LINE-HEIGHT: 13pt" align=center>17</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><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=132></TD>
<TD width=94></TD>
<TD width=99></TD>
<TD width=94></TD>
<TD width=94></TD>
<TD width=99></TD>
<TD width=94></TD></TR>
<TR>
<TD vAlign=bottom width=326 colSpan=3>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>c) Technical
reappraisal of &nbsp;property, plant and equipment</B></P></TD>
<TD vAlign=bottom width=94>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=94>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=99>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=94>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=132>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=94>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=99>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=94>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=94>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=99>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=94>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=132>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=288 colSpan=3>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Balances at June 30, 2008</B></P></TD>
<TD vAlign=bottom width=288 colSpan=3>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Balances at June 30, 2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=132>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=94 rowSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Assets</B></P></TD>
<TD vAlign=bottom width=99 rowSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Accumulated depreciation</B></P></TD>
<TD vAlign=bottom width=94 rowSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Net, property, plant and equipment</B></P></TD>
<TD vAlign=bottom width=94 rowSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Assets</B></P></TD>
<TD vAlign=bottom width=99 rowSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Accumulated depreciation</B></P></TD>
<TD vAlign=bottom width=94 rowSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Net, property, plant and equipment</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=132>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=132>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=94>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=99>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=94>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=94>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=99>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=94>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=132>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Land</P></TD>
<TD vAlign=bottom width=94>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,521,972
</P></TD>
<TD vAlign=bottom width=99>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=94>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,521,972
</P></TD>
<TD vAlign=bottom width=94>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1,523,789 </P></TD>
<TD vAlign=bottom width=99>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt" align=right>-
</P></TD>
<TD vAlign=bottom width=94>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1,523,789 </P></TD></TR>
<TR>
<TD vAlign=bottom width=132>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Buildings and
improvements</P></TD>
<TD vAlign=bottom width=94>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213,075
</P></TD>
<TD vAlign=bottom width=99>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(156,336)</P></TD>
<TD vAlign=bottom width=94>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56,739
</P></TD>
<TD vAlign=bottom width=94>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>213,330 </P></TD>
<TD vAlign=bottom width=99>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt" align=right>(
151,670)</P></TD>
<TD vAlign=bottom width=94>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>61,660 </P></TD></TR>
<TR>
<TD vAlign=bottom width=132>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Machinery and
equipment</P></TD>
<TD vAlign=bottom width=94>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543,610
</P></TD>
<TD vAlign=bottom width=99>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(537,080)</P></TD>
<TD vAlign=bottom width=94>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
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;6,530
</P></TD>
<TD vAlign=bottom width=94>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>544,563 </P></TD>
<TD vAlign=bottom width=99>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt" align=right>(
540,703)</P></TD>
<TD vAlign=bottom width=94>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>3,860 </P></TD></TR>
<TR>
<TD vAlign=bottom width=132>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Total</B></P></TD>
<TD vAlign=bottom width=94>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,278,657
</B></P></TD>
<TD vAlign=bottom width=99>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(693,416)</B></P></TD>
<TD vAlign=bottom width=94>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,585,241
</B></P></TD>
<TD vAlign=bottom width=94>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>2,281,682 </B></P></TD>
<TD vAlign=bottom width=99>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt" align=right><B>(
692,373)</B></P></TD>
<TD vAlign=bottom width=94>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>1,589,309 </B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>d) Depreciation for the period</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 4px; MARGIN: 0px">Depreciation charges for the period
amounted to ThCh$ 16,789,515 (ThCh$ 15,815,018 in 2007) of which ThCh$
13,382,508 (ThCh$ 11,831,312 in 2007) are included under Operating Costs and
ThCh$ 3,407,007 (ThCh$ 3,983,706 in 2007) under Sales and Administrative
Expenses in the income statement.</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>18</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px"><B>Note 11 - Investment in Related Companies</B></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">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. &nbsp;</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=63></TD>
<TD width=35></TD>
<TD width=30></TD>
<TD width=38></TD>
<TD width=23></TD>
<TD width=23></TD>
<TD width=39></TD>
<TD width=39></TD>
<TD width=37></TD>
<TD width=37></TD>
<TD width=28></TD>
<TD width=30></TD>
<TD width=42></TD>
<TD width=43></TD>
<TD width=39></TD>
<TD width=39></TD>
<TD width=41></TD>
<TD width=42></TD></TR>
<TR>
<TD vAlign=bottom width=63 rowSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>Company </B></P></TD>
<TD vAlign=bottom width=35 rowSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;Country </B></P></TD>
<TD vAlign=bottom width=30 rowSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;Functional Currency </B></P></TD>
<TD vAlign=bottom width=38 rowSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;N&#176; of Shares </B></P></TD>
<TD vAlign=bottom width=46 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;Ownership &nbsp;Interest </B></P></TD>
<TD 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 vAlign=bottom width=74 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 vAlign=bottom width=58 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;Accrued income </B></P></TD>
<TD vAlign=bottom width=85 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 vAlign=bottom width=78 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>&nbsp;Unrealized income (loss) </B></P></TD>
<TD vAlign=bottom width=83 colSpan=2>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>Accounting value of investment </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=23>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=23>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=37>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=37>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=28>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center><B>2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=63>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=35>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=30>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=23>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>%</P></TD>
<TD vAlign=bottom width=23>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>%</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=37>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=37>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=28>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>ThCh$</P></TD></TR>
<TR>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">ENVASES CMF
S.A.</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">CHILE</P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>Ch$</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28,000
</P></TD>
<TD vAlign=bottom width=23>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>50.00%</P></TD>
<TD vAlign=bottom width=23>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>50.00%</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;35,055,987 </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;37,096,329 </P></TD>
<TD vAlign=bottom width=37>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,452,723 </P></TD>
<TD vAlign=bottom width=37>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,038,505 </P></TD>
<TD vAlign=bottom width=28>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;248,712 </P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;537,695 </P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,527,994
</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,548,165
</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;1,048,348
</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;&nbsp;1,130,338
</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,479,646
</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,417,827
</P></TD></TR>
<TR>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">ENVASES CENTRAL
S.A.</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">CHILE</P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>Ch$</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,499,398
</P></TD>
<TD vAlign=bottom width=23>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>49.91%</P></TD>
<TD vAlign=bottom width=23>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>49.91%</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;4,925,001
</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;4,767,335
</P></TD>
<TD vAlign=bottom width=37>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(20,310)</P></TD>
<TD vAlign=bottom width=37>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(174,074)</P></TD>
<TD vAlign=bottom width=28>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;(15,432)</P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(89,567)</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,458,068
</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,379,377
</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;&nbsp;&nbsp;249,378
</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;&nbsp;&nbsp;249,677
</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,208,690
</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,129,700
</P></TD></TR>
<TR>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">KAIK
PARTIPACOES</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">BRAZIL</P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>US$</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,098,919
</P></TD>
<TD vAlign=bottom width=23>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>11.32%</P></TD>
<TD vAlign=bottom width=23>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>11.32%</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;10,923,434
</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;16,568,078
</P></TD>
<TD vAlign=bottom width=37>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(557,828)</P></TD>
<TD vAlign=bottom width=37>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199,997
</P></TD>
<TD vAlign=bottom width=28>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;(63,144)</P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22,639 </P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,236,500
</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,875,454
</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,236,500
</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,875,454
</P></TD></TR>
<TR>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">CICAN S.A.</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">ARGENTINA</P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>US$</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,040
</P></TD>
<TD vAlign=bottom width=23>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>-</P></TD>
<TD vAlign=bottom width=23>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>15.00%</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</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;6,227,215
</P></TD>
<TD vAlign=bottom width=37>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
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;</P></TD>
<TD vAlign=bottom width=37>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17,544)</P></TD>
<TD vAlign=bottom width=28>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;(266,679)</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
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;</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;946,537
</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
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;</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;946,537
</P></TD></TR>
<TR>
<TD vAlign=bottom width=63>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">HOLDFAB PARTIC.
LTDA.</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt">BRAZIL</P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=center>US$</P></TD>
<TD vAlign=bottom width=38>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;1,283,158,339 </P></TD>
<TD vAlign=bottom width=23>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>14.73%</P></TD>
<TD vAlign=bottom width=23>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>-</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;29,243,166
</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=37>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,210,617
</P></TD>
<TD vAlign=bottom width=37>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
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;</P></TD>
<TD vAlign=bottom width=28>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;178,347 </P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&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=42>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,308,074
</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
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;</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,308,074
</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
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;</P></TD></TR>
<TR>
<TD vAlign=bottom width=63>
<P
style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"><B>Total</B></P></TD>
<TD vAlign=bottom width=35>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=30>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=23>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=23>
<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=37>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=37>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=28>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=30>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right><B>&nbsp;&nbsp;25,530,636 </B></P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right><B>&nbsp;&nbsp;23,749,533 </B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right><B>&nbsp;&nbsp;&nbsp;1,297,726 </B></P></TD>
<TD vAlign=bottom width=39>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right><B>&nbsp;&nbsp;&nbsp;1,380,015 </B></P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right><B>&nbsp;&nbsp;24,232,910 </B></P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 5pt; MARGIN: 0px; LINE-HEIGHT: 7pt"
align=right><B>&nbsp;&nbsp;22,369,518 </B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>19</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The main changes occurred in the reported periods are
described below:</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px; TEXT-INDENT: -1px">In June, 2008
Embotelladora Andina S.A. acquired a 48% ownership interest in Embotelladoras
del Sur S.A. for ThCh$753,582. &nbsp;Subsequent to the acquisition Embotelladora
Andina S.A. made a ThCh$81,600 loan to Embotelladoras del Sur S.A. &nbsp;As of
June 30, 2008 Embotelladoras del Sur S.A. records a negative equity of
ThCh$714,928 which has been provisioned by Embotelladora Andina S.A. in
accordance with its ownership interest.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px; TEXT-INDENT: -1px">The amounts
disbursed by Embotelladora Andina S.A. in the acquisition of and loan to
Embotelladoras del Sur S.A., as well as the recording of the proportionate loss
of the negative equity of the latter has been recorded as an intangible since
the final purpose is not that of acquiring the company but that of acquiring the
rights of distribution of products of the water segment that were previously
marketed by Embotelladoras del Sur S.A.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px; TEXT-INDENT: -1px">On October 4,
2007, our subsidiary Rio de Janeiro Refrescos Ltda, acquired a 14.732% ownership
interest in Holdfab Participa&#231;&#245;es Ltda., for an amount of ThR$12,831.63.
&nbsp;In turn, Holdfab Participa&#231;&#245;es Ltda. holds a 50% ownership interest in
Amarantina Participa&#231;&#245;es S.A. </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 investment in Kaik Participa&#231;&#245;es
Ltda. (Brazil) where Embotelladora Andina S.A. holds an indirect ownership of
11.32% has been accounted for under the equity method, since the Company has a
significant influence through one of its directors, who participates in the
process of setting policies, operating and financial decision-making in
accordance with the ownership structure which is exclusive owned by the
Coca-Cola bottlers in Brazil </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>
<P style="PADDING-LEFT: 48px; MARGIN: 0px">Envases CMF S.A. (purchase of
property, plant and equipment): ThCh$ -1,048,348 in 2008 (ThCh$ -1,130,338 in
2007)</P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px">Envases Central S.A. (purchase of
finished products): ThCh$ -5,295 in 2008 (ThCh$ -2,686 in 2007)</P>
<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$260 million. </P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A3:S12></A><A name=RANGE!A3:S5></A>
<P style="MARGIN: 0px"><B>Note 12 - Goodwill and Negative Goodwill </B></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=262></TD>
<TD width=123></TD>
<TD width=92></TD>
<TD width=102></TD>
<TD width=93></TD></TR>
<TR>
<TD vAlign=bottom width=262 rowSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Company</P></TD>
<TD vAlign=bottom width=215 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>June 30, 2008</P></TD>
<TD vAlign=bottom width=196 colSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>June 30, 2007</P></TD></TR>
<TR>
<TD vAlign=bottom width=123>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>Amortization during the period</P></TD>
<TD vAlign=bottom width=92>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>Goodwill balance</P></TD>
<TD vAlign=bottom width=102>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>Amortization during the period</P></TD>
<TD vAlign=bottom width=93>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>Goodwill balance</P></TD></TR>
<TR>
<TD vAlign=bottom width=262>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=123>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=92>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=102>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=93>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>ThCh$</P></TD></TR>
<TR>
<TD vAlign=bottom width=262>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">RIO DE JANEIRO
REFRESCOS LTDA.</P></TD>
<TD vAlign=bottom width=123>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,777,613
</P></TD>
<TD vAlign=bottom width=92>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;35,824,600
</P></TD>
<TD vAlign=bottom width=102>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,931,968
</P></TD>
<TD vAlign=bottom width=93>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;42,843,603
</P></TD></TR>
<TR>
<TD vAlign=bottom width=262>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">EMBOTELLADORA
DEL ATL&#193;NTICO S.A.</P></TD>
<TD vAlign=bottom width=123>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,378,007
</P></TD>
<TD vAlign=bottom width=92>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;21,402,009
</P></TD>
<TD vAlign=bottom width=102>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,502,960
</P></TD>
<TD vAlign=bottom width=93>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;26,348,597
</P></TD></TR>
<TR>
<TD vAlign=bottom width=262>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">VITAL S.
A.</P></TD>
<TD vAlign=bottom width=123>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=92>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&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=102>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81,304
</P></TD>
<TD vAlign=bottom width=93>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=262>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Total</B></P></TD>
<TD vAlign=bottom width=123>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,155,620
</B></P></TD>
<TD vAlign=bottom width=92>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;57,226,609
</B></P></TD>
<TD vAlign=bottom width=102>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,516,232
</B></P></TD>
<TD vAlign=bottom width=93>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;69,192,200
</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; LINE-HEIGHT: 13pt" align=center>20</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A2:F5></A><A name=RANGE!A2:F10></A>
<P style="MARGIN: 0px"><B>Note 13 - Other Long Term Assets</B></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=352></TD>
<TD width=87></TD>
<TD width=95></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=center><B>June 30, 2008</B></P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px">Bonds:</P></TD>
<TD vAlign=bottom width=87>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=95>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=352>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Celulosa
Arauco S.A.</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>13,088,309</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=352>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Enap
S.A.</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>10,091,283</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=352>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Endesa
S.A.</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>2,880,156</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=352>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chile
Soberano</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>8,208,532</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=352>
<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=87>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>6,738,784</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=352>
<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=87>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>7,952,490</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=352>
<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=87>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>3,359,872</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=352>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Codelco
S.A.</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>5,814,596</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=352>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M&#233;xico
Soberano</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>5,307,311</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=352>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brasil
Telecom S.A.</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>2,260,107</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=352>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Raytheon
Company</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>2,327,163</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=352>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International
Paper Company</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>2,295,002</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=352>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Altria
Group</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>1,303,626</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=352>
<P
style="MARGIN: 0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alcoa
Inc.</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>1,167,901</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=87>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=95>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px">Judicial deposits (Brazil)</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>8,766,667</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>6,731,946</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px">Transfer fiscal credits (Brazil)</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>6,534,416</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>5,660,168</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px">Prepaid expenses</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>3,871,705</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>3,204,184</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px">Bond issuance and placement expenses</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>2,834,243</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>3,135,058</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px">Spare parts</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>2,595,570</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>3,133,892</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px">Non operating assets</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>1,305,912</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>480,580</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px">Cross currency swaps</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>9,181,705</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px">Others</P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px" align=right>60,625</P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px" align=right>647,509</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=87>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=95>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px"><B>Total</B></P></TD>
<TD vAlign=bottom width=87>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,969,138
</B></P></TD>
<TD vAlign=bottom width=95>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104,970,174
</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:B27></A>
<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>21</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 14 - Short-Term and Long-Term Bank
Liabilities</B></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=241></TD>
<TD width=75></TD>
<TD width=75></TD>
<TD width=66></TD>
<TD width=72></TD>
<TD width=72></TD>
<TD width=72></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P style="MARGIN: 0px"><B>a) SHORT TERM BANK LIABILITIES</B></P></TD>
<TD vAlign=bottom width=75>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=75>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=66>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=288 colSpan=4>
<P style="MARGIN: 0px" align=center><B>Currency or indexation
adjustment</B></P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P style="MARGIN: 0px"><B>Bank or Financial Institution</B></P></TD>
<TD vAlign=bottom width=150 colSpan=2>
<P style="MARGIN: 0px" align=center><B>Other foreign currencies</B></P></TD>
<TD vAlign=bottom width=138 colSpan=2>
<P style="MARGIN: 0px" align=center><B>Indexed Ch$</B></P></TD>
<TD vAlign=bottom width=144 colSpan=2>
<P style="MARGIN: 0px"
align=center><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TOTAL</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=66>
<P style="MARGIN: 0px" align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=center><B>2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=66>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=center><B>&nbsp;ThCh$ </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P style="MARGIN: 0px">BOSTON-FINAME</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>197,382</P></TD>
<TD vAlign=bottom width=66>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>197,382</P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P style="MARGIN: 0px">SANTANDER FINAME</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>140,655</P></TD>
<TD vAlign=bottom width=66>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>140,655</P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P style="MARGIN: 0px">ALFA FINAME</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>30,716</P></TD>
<TD vAlign=bottom width=66>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>30,716</P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P style="MARGIN: 0px">BILBAO VISCAYA ARGENTARIA</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=66>
<P style="MARGIN: 0px" align=right>62,001</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>62,001</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P style="MARGIN: 0px">BANCO DE CHILE</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=66>
<P style="MARGIN: 0px" align=right>149,950</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>149,950</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P style="MARGIN: 0px">GALICIA</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>3,529,202</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=66>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>3,529,202</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P style="MARGIN: 0px">NVO SANTA FE</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>1,766,947</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=66>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>1,766,947</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P style="MARGIN: 0px">BBVA FRANCES</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>1,790,472</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=66>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>1,790,472</P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P style="MARGIN: 0px"><B>Total</B></P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right><B>7,086,621</B></P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right><B>368,753</B></P></TD>
<TD vAlign=bottom width=66>
<P style="MARGIN: 0px" align=right><B>211,951</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right><B>-</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right><B>7,298,572</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right><B>368,753</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P style="MARGIN: 0px"><B>Principal due</B></P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right><B>7,086,621</B></P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right><B>368,753</B></P></TD>
<TD vAlign=bottom width=66>
<P style="MARGIN: 0px" align=right><B>211,951</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right><B>-</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right><B>7,298,572</B></P></TD>
<TD vAlign=bottom width=72>
<P style="MARGIN: 0px" align=right><B>368,753</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=75>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=75>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=66>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P style="MARGIN: 0px">Annual average interest rate </P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>17.64%</P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>13.47%</P></TD>
<TD vAlign=bottom width=66>
<P style="MARGIN: 0px" align=right>8.58%</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P style="MARGIN: 0px">Foreign currency liabilities </P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>97.10%</P></TD>
<TD vAlign=bottom width=75>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=66>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P style="MARGIN: 0px">Local currency liabilities </P></TD>
<TD vAlign=bottom width=75>
<P style="MARGIN: 0px" align=right>2.90%</P></TD>
<TD vAlign=bottom width=75>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=66>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=241>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=75>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=75>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=66>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=352></TD>
<TD width=65></TD>
<TD width=84></TD>
<TD width=85></TD>
<TD width=86></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px"><B>b) LONG TERM BANK LIABILITIES (short term
portion)</B></P></TD>
<TD vAlign=bottom width=321 colSpan=4>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=321 colSpan=4>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=321 colSpan=4>
<P style="MARGIN: 0px" align=center><B>Currency or indexation
adjustment</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px"><B>Bank or Financial Institution</B></P></TD>
<TD vAlign=bottom width=150 colSpan=2>
<P style="MARGIN: 0px" align=center><B>Other foreign currencies</B></P></TD>
<TD vAlign=bottom width=171 colSpan=2>
<P style="MARGIN: 0px" align=center><B>TOTAL</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=65>
<P style="MARGIN: 0px" align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=85>
<P style="MARGIN: 0px" align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=center><B>2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=65>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=85>
<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=352>
<P style="MARGIN: 0px">ALFA</P></TD>
<TD vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>&nbsp;139,052 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>&nbsp;- </P></TD>
<TD vAlign=bottom width=85>
<P style="MARGIN: 0px" align=right>&nbsp;139,052 </P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>&nbsp;- </P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px">VOTORANTIM</P></TD>
<TD vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>&nbsp;2,199 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>&nbsp;- </P></TD>
<TD vAlign=bottom width=85>
<P style="MARGIN: 0px" align=right>&nbsp;2,199 </P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>&nbsp;- </P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px">TOTAL</P></TD>
<TD vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>&nbsp;141,251 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>&nbsp;- </P></TD>
<TD vAlign=bottom width=85>
<P style="MARGIN: 0px" align=right>&nbsp;141,251 </P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>&nbsp;- </P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px">Principal due</P></TD>
<TD vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>&nbsp;141,251 </P></TD>
<TD vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>&nbsp;- </P></TD>
<TD vAlign=bottom width=85>
<P style="MARGIN: 0px" align=right>&nbsp;141,251 </P></TD>
<TD vAlign=bottom width=86>
<P style="MARGIN: 0px" align=right>&nbsp;- </P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=65>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=84>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=85>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px">Annual average interest rate </P></TD>
<TD vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>11.89%</P></TD>
<TD vAlign=bottom width=84>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=85>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=65>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=84>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=85>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px">Foreign currency liabilities </P></TD>
<TD vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>100%</P></TD>
<TD vAlign=bottom width=84>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=85>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=352>
<P style="MARGIN: 0px">Local currency liabilities</P></TD>
<TD vAlign=bottom width=65>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=84>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=85>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:I19></A><A
name=RANGE!A1:E16></A><A name=RANGE!A1:E15></A><A name=RANGE!A1:E17></A><A
name=RANGE!A1:H16></A>
<P style="MARGIN: 0px"><B>Note 15 - Long-Term Bank Liabilities</B></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=143></TD>
<TD width=80></TD>
<TD width=57></TD>
<TD width=59></TD>
<TD width=60></TD>
<TD width=83></TD>
<TD width=45></TD>
<TD width=98></TD></TR>
<TR>
<TD vAlign=bottom width=143>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=177 colSpan=3>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>Years to maturity</P></TD>
<TD vAlign=bottom width=83>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>Total long term at period end</P></TD>
<TD vAlign=bottom width=45 rowSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>Annual average interest rate</P></TD>
<TD vAlign=bottom width=98>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>Total long term at period end</P></TD></TR>
<TR>
<TD vAlign=bottom width=143>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Bank or
Financial Institution</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Currency or
indexation adjustment</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">More than 1 up
to 2</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">More than 2 up
to 3</P></TD>
<TD vAlign=bottom width=60>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">More than 3 up
to 5</P></TD>
<TD vAlign=bottom width=83>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>2008</P></TD>
<TD vAlign=bottom width=98>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>2007</P></TD></TR>
<TR>
<TD vAlign=bottom width=143>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=60>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=83>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>ThCh$</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>ThCh$</P></TD></TR>
<TR>
<TD vAlign=bottom width=143>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">BANCO
VOTORANTIM</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Other
currencies</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;134,803 </P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;136,101 </P></TD>
<TD vAlign=bottom width=60>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;102,933 </P></TD>
<TD vAlign=bottom width=83>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;373,837 </P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;9.0% </P></TD>
<TD vAlign=bottom width=98>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;484,614 </P></TD></TR>
<TR>
<TD vAlign=bottom width=143>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">BANCO
ALFA</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Other
currencies</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;203,675 </P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;192,977 </P></TD>
<TD vAlign=bottom width=60>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt" align=right><B>-
</B></P></TD>
<TD vAlign=bottom width=83>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;396,652 </P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;11.5% </P></TD>
<TD vAlign=bottom width=98>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>&nbsp;363,093 </P></TD></TR>
<TR>
<TD vAlign=bottom width=143>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>TOTAL</B></P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>&nbsp;338,478 </B></P></TD>
<TD vAlign=bottom width=59>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>&nbsp;329,078 </B></P></TD>
<TD vAlign=bottom width=60>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>&nbsp;102,933 </B></P></TD>
<TD vAlign=bottom width=83>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>&nbsp;770,489 </B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>&nbsp;847,707 </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=143>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Foreign currency
liabilities</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>100%</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=59>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=60>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=83>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD><A name=RANGE!A1:H10></A></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>22</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=143></TD>
<TD width=80></TD>
<TD width=57></TD>
<TD width=59></TD>
<TD width=60></TD>
<TD width=83></TD>
<TD width=45></TD>
<TD width=98></TD></TR></TABLE>
<P style="MARGIN: 0px"><B>Note 16 &#150; Long and Short-Term Bonds Payable
(Promissory Notes and Bonds)</B></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, 2002 and 2007,
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$198 million of the
US$200 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">The following table contains more information on Bonds
Payable: </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=149></TD>
<TD width=30></TD>
<TD width=50></TD>
<TD width=76></TD>
<TD width=35></TD>
<TD width=53></TD>
<TD width=52></TD>
<TD width=79></TD>
<TD width=50></TD>
<TD width=50></TD>
<TD width=45></TD></TR>
<TR>
<TD vAlign=bottom width=149 rowSpan=2>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center><B>Instrument subscription or ID N&#176;</B></P></TD>
<TD vAlign=top width=30 rowSpan=2>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center>Series</P></TD>
<TD vAlign=bottom width=50 rowSpan=2>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center>Current nominal value</P></TD>
<TD vAlign=top width=76 rowSpan=2>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center>Currency</P></TD>
<TD vAlign=bottom width=35 rowSpan=2>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center>Interest rate</P></TD>
<TD vAlign=top width=53 rowSpan=2>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center>Maturity date</P></TD>
<TD vAlign=bottom width=132 colSpan=2>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center>Term</P></TD>
<TD vAlign=bottom width=101 colSpan=2>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center>Par value</P></TD>
<TD vAlign=bottom width=45 rowSpan=2>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center>Placement in Chile or abroad</P></TD></TR>
<TR>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Interest
paid</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Amortization
period</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center>2008</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center>2007</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Current
portion of bonds payable</P></TD>
<TD vAlign=bottom width=30>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=35>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Yankee bonds
interests</P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center>A</P></TD>
<TD vAlign=bottom width=50>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">US$ Exchange
rate</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>7.00%</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Oct. 1,
2007</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Semiannual</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">October
2007</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>&nbsp;- </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>&nbsp;18,725,686 </P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Abroad</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Yankee bonds
interests</P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center>B</P></TD>
<TD vAlign=bottom width=50>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">&nbsp;&nbsp;&nbsp;2,000,000
</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">US$ Exchange
rate</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>7.63%</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Oct. 1,
2027</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Semiannual</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">October
2027</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>&nbsp;20,055 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>&nbsp;43,748 </P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Abroad</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Register 254
SVS June 13, 2001 capital <BR>and interest</P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center>A</P></TD>
<TD vAlign=bottom width=50>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">UF</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>6.20%</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">June 1,
2008</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Semiannual</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">June
2008</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt" align=right>-
</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>&nbsp;13,454,057 </P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Chile</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Register 254
SVS June 13, 2001 capital <BR>and interest</P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center>B</P></TD>
<TD vAlign=bottom width=50>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">&nbsp;&nbsp;&nbsp;3,700,000
</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">UF</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>6.50%</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">June 1,
2026</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Semiannual</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">December
2009</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>&nbsp;399,508 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>&nbsp;400,098 </P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Chile</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"><B>Total
current maturities</B></P></TD>
<TD vAlign=bottom width=30>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=35>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right><B>&nbsp;419,563 </B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right><B>&nbsp;32,623,589 </B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=30>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=35>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Long term
portion of bonds payable</P></TD>
<TD vAlign=bottom width=30>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=35>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Yankee
bonds</P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center>B</P></TD>
<TD vAlign=bottom width=50>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">&nbsp;&nbsp;&nbsp;2,000,000
</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">US$ Exchange
rate</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>7.63%</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Oct. 1,
2027</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Semiannual</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">October
2027</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>&nbsp;1,052,100 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>&nbsp;2,295,002 </P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Abroad</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Register 254
SVS June 13, 2001</P></TD>
<TD vAlign=bottom width=30>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=center>B</P></TD>
<TD vAlign=bottom width=50>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">&nbsp;&nbsp;&nbsp;3,700,000
</P></TD>
<TD vAlign=bottom width=76>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">UF</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>6.50%</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">June 1,
2026</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Semiannual</P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">December
2009</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>&nbsp;74,935,027 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right>&nbsp;75,042,368 </P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt">Chile</P></TD></TR>
<TR>
<TD vAlign=bottom width=149>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"><B>Total long
term</B></P></TD>
<TD vAlign=bottom width=30>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=76>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=35>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right><B>&nbsp;75,987,127 </B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6.5pt; MARGIN: 0px; LINE-HEIGHT: 8.5pt"
align=right><B>&nbsp;77,337,370 </B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 17 - Provisions and Write-Offs</B></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A2:E9></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=322></TD>
<TD width=86></TD>
<TD width=86></TD>
<TD width=88></TD>
<TD width=88></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=322>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=173 colSpan=2
rowSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Short term</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=177 colSpan=2
rowSpan=2>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Long term</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=322>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>Provisions</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=322>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2008</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2007</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=88>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2008</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=88>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>2007</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=322>
<P style="FONT-SIZE: 8pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=88>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=88>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=322>
<P style="FONT-SIZE: 8pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=88>
<P style="FONT-SIZE: 8pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=88>
<P style="FONT-SIZE: 8pt; MARGIN: 0px" align=center>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=322>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Taxation on
banking transactions and social contributions (Brazil)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>3,485,575</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>2,686,181</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=88>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>8,133,007</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=88>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>9,540,357</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=322>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Staff severance
indemnities</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>711,674</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>736,320</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=88>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>6,700,709</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=88>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>6,373,795</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=322>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Contingencies</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>57,101</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>88,108</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=88>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>2,714,420</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=88>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>2,788,559</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=322>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Others</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>-</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>-</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=88>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>343,165</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=88>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>-</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=322>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>TOTAL</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>4,254,350</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>3,510,609</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=88>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>17,891,301</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=88>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right><B>18,702,711</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>23</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 18 - Staff Severance Indemnities</B></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=421></TD>
<TD width=122></TD>
<TD width=122></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=421>
<P style="MARGIN: 0px">Staff Severance Indemnities</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=122>
<P style="MARGIN: 0px" align=center><B>June 30, 2008</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=122>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=421>
<P style="MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=122>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=122>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=421>
<P style="MARGIN: 0px">Beginning balance</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=122>
<P style="MARGIN: 0px" align=right>7,133,869</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=122>
<P style="MARGIN: 0px" align=right>6,782,253</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=421>
<P style="MARGIN: 0px">Provision for the period</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=122>
<P style="MARGIN: 0px" align=right>819,147</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=122>
<P style="MARGIN: 0px" align=right>426,514</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=421>
<P style="MARGIN: 0px">Payments</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=122>
<P style="MARGIN: 0px" align=right>( 540,633)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=122>
<P style="MARGIN: 0px" align=right>( 98,652)</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=421>
<P style="MARGIN: 0px"><B>Ending balance</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=122>
<P style="MARGIN: 0px" align=right><B>7,412,383</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=122>
<P style="MARGIN: 0px"
align=right><B>7,110,115</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><B></B>&nbsp;</P>
<P style="MARGIN: 0px"><B>Note 19 &#150; Other Long Term Liabilities</B></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=424></TD>
<TD width=120></TD>
<TD width=129></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=center><B>June 30, 2008</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">Guaranty on containers</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right>9,478,750 </P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=right>9,239,332 </P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">Participation acquisition of assets</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right>2,957,703 </P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=right>1,648,530 </P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">Advertising agreements</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right>108,723 </P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=right>103,389 </P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">Others </P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right>907,070 </P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px"><B>Total</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right><B>13,452,246 </B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=right><B>10,991,251
</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 20 - Minority Interest</B></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=424></TD>
<TD width=120></TD>
<TD width=129></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=center><B>June 30, 2008</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=center><B>June 30,2007</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px"><B>LIABILITIES</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">Vital Aguas S. A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right>1,310,121</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=right>1,318,948</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">Embotelladora del Atl&#225;ntico S. A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right>8,830</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=right>22,102</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">Andina Inversiones &nbsp;Societarias S.A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right>18</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=right>45</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right><B>1,318,969</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=right><B>1,341,095</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=center><B>June 30,2008</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=center><B>June 30,2007</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px"><B>INCOME STATEMENT</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">Vital Aguas S. A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right>8,851 </P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=right>(41,842)</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">Embotelladora del Atl&#225;ntico S. A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right>(476)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=right>(570)</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">Andina Inversiones &nbsp;Societarias S.A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right>(2)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=right>(4)</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=424>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=120>
<P style="MARGIN: 0px" align=right><B>8,373</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=129>
<P style="MARGIN: 0px" align=right><B>(42,416)</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>24</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px"><B>Note 21 - Changes in Shareholders&#146; Equity</B></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>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=108></TD>
<TD width=49></TD>
<TD width=41></TD>
<TD width=50></TD>
<TD width=54></TD>
<TD width=50></TD>
<TD width=50></TD>
<TD width=10></TD>
<TD width=49></TD>
<TD width=41></TD>
<TD width=46></TD>
<TD width=54></TD>
<TD width=50></TD>
<TD width=50></TD></TR>
<TR>
<TD vAlign=bottom width=108>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=297
colSpan=6>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>June 30,2008</B></P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=293
colSpan=6>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>June 30,2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=108>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Paid in <BR>Capital</B></P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Reserve <BR>Capital <BR>Revalued</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Other <BR>Reserves</B></P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Accumulated Income</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Interim <BR>Dividends</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Net <BR>Income</B></P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Paid in <BR>Capital</B></P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Reserve <BR>Capital Revalued</B></P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Other <BR>Reserves</B></P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Accumulated Income</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Interim Dividends</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Net <BR>Income</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=108>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=108>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Beginning
balance</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>217,013,513</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(11,443,442)</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11,171,454 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(17,194,331)</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>81,601,944 </P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>202,060,999 </P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>10,005,036 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(13,438,065)</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>74,355,094 </P></TD></TR>
<TR>
<TD vAlign=bottom width=108>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Distribution of
prior <BR>year income</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>64,407,613 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>17,194,331 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(81,601,944)</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>60,917,029 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>13,438,065 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(74,355,094)</P></TD></TR>
<TR>
<TD vAlign=bottom width=108>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Final dividend
prior year</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(7,288,372)</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(8,876,966)</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=108>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Translation
adjustment reserve</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5,062,516 </P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(1,951,883)</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=108>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Extraordinary
dividend </P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(47,897,296)</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(52,040,412)</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=108>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Capital
revalued</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>6,944,432 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(366,198)</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,590,745 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,839,159 </P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>33,256 </P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>616,509 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=108>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Income for the
period </P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>38,456,554 </P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>35,014,442 </P></TD></TR>
<TR>
<TD vAlign=bottom width=108>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Interim
dividends</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(5,588,018)</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(5,588,018)</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt" align=right>-
&nbsp;&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=108>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Ending
balance</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>217,013,513 </P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>6,944,432 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(6,747,124)</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>21,984,144 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(5,588,018)</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>38,456,554 </P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>202,060,999 </P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,839,159 </P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(1,918,627)</P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>10,621,196 </P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(5,588,018)</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>35,014,442 </P></TD></TR>
<TR>
<TD vAlign=bottom width=108>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Price level
restated balances</B></P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=54>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=10>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>220,044,428 </B></P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>4,180,844 </B></P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>(2,089,385)</B></P></TD>
<TD vAlign=bottom width=54>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>11,566,482 </B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>(6,085,352)</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>38,130,727 </B></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=43></TD>
<TD width=112></TD>
<TD width=89></TD>
<TD width=214></TD></TR>
<TR>
<TD vAlign=bottom width=156 colSpan=2>
<P style="MARGIN: 0px"><B>Number of shares</B></P></TD>
<TD vAlign=bottom width=89>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=214>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=43>
<P style="MARGIN: 0px" align=center><B>Series</B></P></TD>
<TD vAlign=bottom width=112>
<P style="MARGIN: 0px" align=center><B>Subscribed shares</B></P></TD>
<TD vAlign=bottom width=89>
<P style="MARGIN: 0px" align=center><B>Paid in shares</B></P></TD>
<TD vAlign=bottom width=214>
<P style="MARGIN: 0px" align=center><B>Number of shares with voting
rights</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=43>
<P style="MARGIN: 0px">A</P></TD>
<TD vAlign=bottom width=112>
<P style="MARGIN: 0px" align=center>380,137,271</P></TD>
<TD vAlign=bottom width=89>
<P style="MARGIN: 0px" align=center>380,137,271</P></TD>
<TD vAlign=bottom width=214>
<P style="MARGIN: 0px" align=center>380,137,271</P></TD></TR>
<TR>
<TD vAlign=bottom width=43>
<P style="MARGIN: 0px">B</P></TD>
<TD vAlign=bottom width=112>
<P style="MARGIN: 0px" align=center>380,137,271</P></TD>
<TD vAlign=bottom width=89>
<P style="MARGIN: 0px" align=center>380,137,271</P></TD>
<TD vAlign=bottom width=214>
<P style="MARGIN: 0px" align=center>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=51></TD>
<TD width=114></TD>
<TD width=91></TD></TR>
<TR>
<TD vAlign=bottom width=51>
<P style="MARGIN: 0px"><B>Capital</B></P></TD>
<TD vAlign=bottom width=114>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=91>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=51>
<P style="MARGIN: 0px"><B>Series</B></P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=center><B>Subscribed capital</B></P></TD>
<TD vAlign=bottom width=91>
<P style="MARGIN: 0px" align=center><B>Paid in capital</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=91>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=51>
<P style="MARGIN: 0px">A</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=center>108,506,757</P></TD>
<TD vAlign=bottom width=91>
<P style="MARGIN: 0px" align=center>108,506,757</P></TD></TR>
<TR>
<TD vAlign=bottom width=51>
<P style="MARGIN: 0px">B</P></TD>
<TD vAlign=bottom width=114>
<P style="MARGIN: 0px" align=center>108,506,756</P></TD>
<TD vAlign=bottom width=91>
<P style="MARGIN: 0px" align=center>108,506,756</P></TD></TR></TABLE>
<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>25</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; 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=293></TD>
<TD width=69></TD>
<TD width=12></TD>
<TD width=100></TD>
<TD width=74></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=293>
<P style="MARGIN: 0px"><B>Other Reserves</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<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=100>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=74>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=293>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<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=100>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=74>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=293>
<P style="MARGIN: 0px">Balance of Other Reserves is composed as
follows:</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<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=100>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=74>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=293>
<P style="MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=100>
<P style="MARGIN: 0px" align=center><B>2008</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=74>
<P style="MARGIN: 0px" align=center><B>2007</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=293>
<P style="MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=100>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=74>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=293>
<P style="MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=100>
<P style="MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=74>
<P style="MARGIN: 0px"><B></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P style="MARGIN: 0px" align=justify>Reserve for cumulative translation
adjustments<SUP>(1)</SUP></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<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=100>
<P style="MARGIN: 0px" align=right>( 7,865,497)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right>( 3,209,103)</P></TD></TR>
<TR>
<TD vAlign=bottom width=363 colSpan=2>
<P style="MARGIN: 0px">Reserve for technical reappraisal of property,
plant and equipment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=100>
<P style="MARGIN: 0px" align=right>69,440</P></TD>
<TD vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right>84,046</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P style="MARGIN: 0px">Other</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=100>
<P style="MARGIN: 0px" align=right>1,048,933</P></TD>
<TD vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right>1,035,672</P></TD></TR>
<TR>
<TD vAlign=bottom width=293>
<P style="MARGIN: 0px">Total</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<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=100>
<P style="MARGIN: 0px" align=right><B>( 6,747,124)</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=74>
<P style="MARGIN: 0px" align=right><B>( 2,089,385)</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=293>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=69>
<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=100>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=74>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=550 colSpan=5 rowSpan=2>
<P style="MARGIN: 0px"><SUP>(1)</SUP>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></TR>
<TR></TR>
<TR>
<TD vAlign=bottom width=363 colSpan=2>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=100>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=74>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=550></TD></TR>
<TR>
<TD vAlign=bottom width=550>
<P style="MARGIN: 0px">The activity in the Reserve for cumulative
translation adjustments was as follows:</P>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=247></TD>
<TD width=54></TD>
<TD width=12></TD>
<TD width=91></TD>
<TD width=66></TD>
<TD width=72></TD>
<TD width=64></TD>
<TD width=65></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=247>
<P style="FONT-SIZE: 9pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=54>
<P style="FONT-SIZE: 9pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="FONT-SIZE: 9pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=91>
<P style="FONT-SIZE: 9pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=139 colSpan=2
rowSpan=2>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>Foreign Exchange rate generated during the
period</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=64 rowSpan=3>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>Reserve release / realized(*)</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=65 rowSpan=3>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>Balance June 30, 2008</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=247>
<P style="FONT-SIZE: 9pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=54>
<P style="FONT-SIZE: 9pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="FONT-SIZE: 9pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=91>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>Balance</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=247>
<P
style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"><B>Company</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=54>
<P style="FONT-SIZE: 9pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="FONT-SIZE: 9pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=91>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>January 1, 2007</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=66>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>Investment</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=72>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>Liabilities</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=247>
<P style="FONT-SIZE: 9pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=54>
<P style="FONT-SIZE: 9pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="FONT-SIZE: 9pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=91>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>ThCh$</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=66>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>ThCh$</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=72>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>ThCh$</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=64>
<P style="FONT-SIZE: 9pt; MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=65>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=247>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt">Rio de Janeiro
Refrescos Ltda.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=54>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=91>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>(7,817,197)</P></TD>
<TD vAlign=bottom width=66>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>(31,668)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=72>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD vAlign=bottom width=64>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>2,601,802</P></TD>
<TD vAlign=bottom width=65>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>(5,247,063)</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=247>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt">Embotelladora
del Atl&#225;ntico S. A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=54>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=91>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>(5,110,816)</P></TD>
<TD vAlign=bottom width=66>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>579,218</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=72>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>-</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=64>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>1,913,164</P></TD>
<TD vAlign=bottom width=65>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right>(2,618,434)</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=247>
<P
style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"><B>Total</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=54>
<P style="FONT-SIZE: 9pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="FONT-SIZE: 9pt; MARGIN: 0px"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=91>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>(12,928,013)</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=66>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>547,550</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=72>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>-</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=64>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>4,514,966</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=65>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt"
align=right><B>(7,865,497)</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=247>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=54>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=91>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=66>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=72>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=64>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=65>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=247>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=54>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=91>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=66>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=72>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=64>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=65>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=673 colSpan=8
rowSpan=2>
<P style="FONT-SIZE: 9pt; MARGIN: 0px; LINE-HEIGHT: 11pt">(*) Reserve
realized resulted from dividends paid by our subsidiary R&#237;o de Janeiro
Refrescos Ltda. and by the capital decrease and dividend distribution of
our subsidiary Embotelladora del Atl&#225;ntico S.A.</P></TD></TR>
<TR></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=247>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=54>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=12>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=91>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=66>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=72>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=64>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=65>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=247>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=54>
<P style="FONT-SIZE: 9pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=12>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=91>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=66>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=72>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=65>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:M13></A>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>26</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 22 - Other Non-Operating Income and
Expenses</B></P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=395></TD>
<TD width=99></TD>
<TD width=99></TD>
<TD width=13></TD>
<TD width=13></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px" align=center><B><U>2008</U></B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px" align=center><B><U>2007</U></B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=395>
<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=99>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">Reverse provision</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,297,131
</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;792,278
</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">Recovery of prior year taxes</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;477,677
</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,192,186
</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">Earnings on sale of property, plant &amp;
equipment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56,823
</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&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 style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">Other income</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215,147
</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323,966
</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px"><B>Sub-total</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,046,778
</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,308,430
</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">Translation of financial
statements<SUP>(1)</SUP></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;432,797
</P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,224,634
</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<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=99>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,479,575
</B></P></TD>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,533,064
</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px" align=right><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=495 colSpan=2>
<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=99>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">Conversion adjustment reserve
realized<SUP>(2)</SUP></P></TD>
<TD vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,514,966)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(520,740)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">Bank taxes<SUP>(3)</SUP></P></TD>
<TD vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,053,228)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,402,157)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=395>
<P style="MARGIN: 0px" align=justify>Provision for labor and commercial
lawsuits</P></TD>
<TD vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(414,052)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(283,280)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">Obsolescence and write-offs of property, plant and
equipment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&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 style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(472,028)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">Provision loss of investment in Centralli</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(54,991)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(46,993)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=395>
<P style="MARGIN: 0px">Loss on sale of property, plant and
equipment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&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 style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(247,040)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">Others</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(789,940)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(552,058)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px" align=right>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px" align=center><B>Total</B></P></TD>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,827,177)</B></P></TD>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=99>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,524,296)</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=395>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=99>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=595 colSpan=3>
<P style="MARGIN: 0px"><SUP>(1) </SUP>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, which are presented as Other Non Operating Income and/or
expenses accordingly.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=595 colSpan=3>
<P style="MARGIN: 0px"><SUP>(2) </SUP>This refers to the release of
conversion adjustment reserves due to dividend payments carried out at our
subsidiary Rio de Janeiro Refrescos Ltda. and the remittance of capital by
Embotelladora del Atl&#225;ntico S.A. during the 2008 and 2007 period,
respectively.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=595 colSpan=3>
<P style="MARGIN: 0px"><SUP>(3) </SUP>This refers to taxes charged in the
normal course of business due to banking accounts movements in our foreign
subsidiaries and are not related to the obtention of financial
resources.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=13>
<P style="MARGIN: 0px">&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><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>27</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; 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!A2:C23></A>
<P style="MARGIN: 0px"><B>Note 23 - Price-Level Restatement</B></P><A
name=RANGE!A1:D31></A>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=369></TD>
<TD width=111></TD>
<TD width=94></TD>
<TD width=98></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px"><B>Adjustment index</B></P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=center><B>June 30,2008</B></P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=center><B>June 30,2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Assets - &nbsp;(charges)/credits</P></TD>
<TD vAlign=bottom width=111>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=center>&nbsp;ThCh$ </P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=center>&nbsp;ThCh$ </P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Inventories</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(34,587)</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(84,741)</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Property, plant and equipment</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,199,168
</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,570,228
</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Investments in related companies</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,422,376
</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,399,847
</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Cash, Time Deposits, Marketable Securities</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">UF</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635,358
</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Cash, Time Deposits, Marketable Securities</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,406,711
</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238,563
</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Short term accounts receivable from related
companies</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">UF</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218,830
</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px" align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Short term accounts receivable from related
companies</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;277,142
</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588,454
</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Recoverable taxes</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,337
</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71,458
</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Other current assets</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">UF</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520,853
</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266,430
</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Other current assets</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87,470
</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27,342)</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Other long term assets</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">UF</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,331
</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,868
</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Other long term assets</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80,292
</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,473,923
</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Cost and expense accounts</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,306,691
</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,269,979
</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px"><B>Total (charges) credits </B></P></TD>
<TD vAlign=bottom width=111>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,143,972
</B></P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,773,667
</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=111>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=94>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Liabilities - (charges)/credits</P></TD>
<TD vAlign=bottom width=111>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=94>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=98>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Shareholders&#146; equity</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8,168,979)</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,888,439)</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Short and long term bonds payable</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">UF</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,275,470)</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,336,638)</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Short and long term bonds payable</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(67,885)</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(353,005)</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Other current liabilities </P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">UF</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(220,392)</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(100,208)</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Other current liabilities </P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(295,578)</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(229,674)</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Other long term liabilities </P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(126,325)</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(78,431)</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Long term accounts payable to related companies
</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">UF</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(260,078)</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Short term accounts payable to related companies
</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px" align=right>&nbsp;-</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(704,034)</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px">Income accounts</P></TD>
<TD vAlign=bottom width=111>
<P style="MARGIN: 0px">CPI</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,875,728)</P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,732,110)</P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px"><B>Total (charges) credits</B></P></TD>
<TD vAlign=bottom width=111>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(14,030,357)</B></P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9,682,617)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=369>
<P style="MARGIN: 0px"><B>Price-level restatement (loss ) gain</B></P></TD>
<TD vAlign=bottom width=111>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=94>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(886,385)</B></P></TD>
<TD vAlign=bottom width=98>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91,050
</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><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>28</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 24 - Foreign Exchange Gains/Losses</B></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:D30></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=338></TD>
<TD width=64></TD>
<TD width=97></TD>
<TD width=97></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px"><B>Currency</B></P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=center><B>June 30, 2008</B></P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=center><B>June 30,2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px"><B>Assets - (charges)/credits</B></P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></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$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29,720)</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25,537
</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Time deposits</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,647)</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(457)</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$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,183,328 </P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(761,498)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Sales receivable</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>&nbsp;447 </P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>&nbsp;- </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Other debtors (net)</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41,812
</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(138)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Accounts receivable related companies</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,352,341 </P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,498,027)</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$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>&nbsp;- </P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10,360)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Recoverable taxes</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>&nbsp;83 </P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>&nbsp;- </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Prepaid expenses</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>&nbsp;210 </P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>&nbsp;- </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Other current assets</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465,950
</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187,991
</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Property, plant and equipment</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>&nbsp;210 </P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6,250)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Others </P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(63,600)</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,933,635)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px"><B>Total (charges)/credits</B></P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,949,414
</B></P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,996,837)</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=97>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=97>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px"><B>Liabilities - (Charges) / credits</B></P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=97>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=97>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Bonds payable</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149,388
</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(42,542)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Accounts payable</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(51,131)</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,899)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Provisions</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(503,871)</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,003)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Prepaid income</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,417
</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px" align=right>&nbsp;- </P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Other current liabilities</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(379,280)</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(46,764)</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Bonds payable long term</P></TD>
<TD vAlign=bottom width=64>
<P style="MARGIN: 0px">US$</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(26,519)</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614,658
</P></TD></TR>
<TR>
<TD vAlign=bottom width=338>
<P style="MARGIN: 0px">Total (charges) credits</P></TD>
<TD vAlign=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(808,996)</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519,450
</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=bottom width=64>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,140,418
</B></P></TD>
<TD vAlign=bottom width=97>
<P style="MARGIN: 0px"
align=right><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3,477,387)</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:D26></A>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 25 - Share and Debt Security Issue and Placement
Expenses</B></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"><B>Bonds issued in the US market:</B></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 16.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Bonds issued in the local market:</B></P>
<P style="MARGIN: 0px">Debt issue costs and interest rate differences net of
amortization as of the end of the period amounted to ThCh$3,210,384 and
ThCh$3,527,737 in 2007. &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"><BR></P>
<P style="MARGIN: 0px">Amortization for the period 2008 amounted to ThCh$193,627
and ThCh$208,512 in 2007.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>29</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 26 - Consolidated Statement of Cash Flows</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">For the projection of future cash flows, there are no
transactions and events to consider which have not been revealed in these
financial statements and accompanying notes. </P>
<P style="MARGIN: 0px">The following table presents an itemization of the
movement of assets and liabilities not affecting the cash flow in the period,
but compromising future cash flows.</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=245></TD>
<TD width=82></TD>
<TD width=90></TD>
<TD width=84></TD>
<TD width=93></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=245>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=82>
<P style="MARGIN: 0px" align=center><B>June 30, 2008</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90 rowSpan=2>
<P style="MARGIN: 0px" align=center><B>Maturity date</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=84>
<P style="MARGIN: 0px" align=center><B>June 30, 2007</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93 rowSpan=2>
<P style="MARGIN: 0px" align=center><B>Maturity date</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=245>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=82>
<P style="MARGIN: 0px" align=center><B>ThCh$</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=84>
<P style="MARGIN: 0px" align=center><B>M$</B></P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=245>
<P style="MARGIN: 0px"><B>Expected cash outflow</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=82>
<P style="MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=84>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=245>
<P style="MARGIN: 0px"><B>Expenses</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=82>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=84>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px" align=center>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=245>
<P style="MARGIN: 0px">Dividend payment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=82>
<P style="MARGIN: 0px" align=right>(5,588,018)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center>31-Jul-08</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>( 56,672,009)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px" align=center>5-Jul-07</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=245>
<P style="MARGIN: 0px">Dividend payment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=82>
<P style="MARGIN: 0px" align=right>-</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>( 6,085,352)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px" align=center>26-Jul-07</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=245>
<P style="MARGIN: 0px">Addition to property, plant and equipment</P></TD>
<TD vAlign=bottom width=82>
<P style="MARGIN: 0px" align=right>(3,166,935)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center>15-Aug-08</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>( 1,315,321)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px" align=center>31-Aug-07</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=245>
<P style="MARGIN: 0px">Addition to property, plant and equipment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=82>
<P style="MARGIN: 0px" align=right>(437,058)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center>31-Jul-08</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>( 676,579)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px" align=center>31-Jul-07</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=245>
<P style="MARGIN: 0px">Addition to property, plant and equipment</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=82>
<P style="MARGIN: 0px" align=right>( 14,360)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center>30-Sep-08</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>( 69,489)</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px" align=center>30-Sep-07</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=245>
<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=82>
<P style="MARGIN: 0px" align=right><B>( 9,206,371)</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<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=84>
<P style="MARGIN: 0px" align=right><B>( 64,818,750)</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px" align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=245>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=82>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=84>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px" align=center>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=245>
<P style="MARGIN: 0px"><B>Expected cash inflow</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=82>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=84>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px" align=center>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=245>
<P style="MARGIN: 0px"><B>Income</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=82>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=84>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px" align=center>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=245>
<P style="MARGIN: 0px">Sale of property, plant and equipment</P></TD>
<TD vAlign=bottom width=82>
<P style="MARGIN: 0px" align=right>20,207</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center>31-Jul-08</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right>10,729</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px" align=center>15-Aug-07</P></TD></TR>
<TR>
<TD vAlign=bottom width=245>
<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=82>
<P style="MARGIN: 0px" align=right><B>20,207</B></P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>10,729</B></P></TD>
<TD vAlign=bottom width=93>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=245>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=82>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=84>
<P style="MARGIN: 0px">&nbsp;</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px" align=center>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=245>
<P style="MARGIN: 0px"><B>Total net</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=82>
<P style="MARGIN: 0px" align=right><B>( 9,186,164)</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=90>
<P style="MARGIN: 0px" align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 3px double; BACKGROUND-COLOR: #ffffff"
vAlign=bottom width=84>
<P style="MARGIN: 0px" align=right><B>( 64,808,021)</B></P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=93>
<P style="MARGIN: 0px" align=center><B></B>&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; LINE-HEIGHT: 13pt" align=center>30</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px"><B>Note 27 - Derivative Contracts</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Derivative contracts at June 30, 2008 were as
follows:</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=36></TD>
<TD width=41></TD>
<TD width=60></TD>
<TD width=53></TD>
<TD width=42></TD>
<TD width=106></TD>
<TD width=40></TD>
<TD width=46></TD>
<TD width=78></TD>
<TD width=34></TD>
<TD width=43></TD>
<TD width=45></TD></TR>
<TR>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=60>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=147 colSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><U>Hedged item or Transaction</U></B></P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=112 colSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><U>&nbsp;Assets / Libailities </U></B></P></TD>
<TD vAlign=bottom width=88 colSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B><U>&nbsp;Effect on income </U></B></P></TD></TR>
<TR>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Derivative</B></P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Contract</B></P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Value</B></P></TD>
<TD vAlign=bottom width=60>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Maturity period</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Specific</B></P>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Item</B></P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Position Purchase / Sale</B></P></TD>
<TD vAlign=bottom width=106>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Concept</B></P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>&nbsp;Amount </B></P></TD>
<TD vAlign=bottom width=46>
<P
style="PADDING-RIGHT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>&nbsp;Hedged</B></P>
<P
style="PADDING-RIGHT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Item</B></P>
<P
style="PADDING-RIGHT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Value </B></P></TD>
<TD vAlign=bottom width=78>
<P
style="PADDING-LEFT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>&nbsp;Item </B></P></TD>
<TD vAlign=bottom width=34>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>&nbsp;Amount </B></P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>&nbsp;Realized </B></P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>&nbsp;Unrealized </B></P></TD></TR>
<TR>
<TD vAlign=bottom width=41>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=36>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=60>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=106>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=46>
<P
style="PADDING-RIGHT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=78>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=34>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">FR</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">CCPE</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>37,751,060</P></TD>
<TD vAlign=bottom width=60>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">3rd Quarter
2008</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$ <BR>Exchange
Rate</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center>P</P></TD>
<TD vAlign=bottom width=106>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Foreign currency
investment</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>37,751,060</P></TD>
<TD vAlign=bottom width=46>
<P
style="PADDING-RIGHT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>39,866,992</P></TD>
<TD vAlign=bottom width=78>
<P
style="PADDING-LEFT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Other
current <BR>liabilities</P></TD>
<TD vAlign=bottom width=34>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(2,115,933)</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">FR</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">CCTE</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>19,643,730</P></TD>
<TD vAlign=bottom width=60>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">3rd Quarter
2008</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$ <BR>Exchange
Rate</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center>P</P></TD>
<TD vAlign=bottom width=106>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Suppliers foreign
currency</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>19,639,681</P></TD>
<TD vAlign=bottom width=46>
<P
style="PADDING-RIGHT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=78>
<P
style="PADDING-LEFT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Other
current assets <BR>and liabilities</P></TD>
<TD vAlign=bottom width=34>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>773,133</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(315,401)</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(457,732)</P></TD></TR>
<TR>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">FR</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">CCTE</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,208,173</P></TD>
<TD vAlign=bottom width=60>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">3rd Quarter
2008</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$ <BR>Exchange
Rate</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center>S</P></TD>
<TD vAlign=bottom width=106>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Suppliers foreign
currency</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,229,926</P></TD>
<TD vAlign=bottom width=46>
<P
style="PADDING-RIGHT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=78>
<P
style="PADDING-LEFT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Other
current assets <BR>and liabilities</P></TD>
<TD vAlign=bottom width=34>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>88,502</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(88,502)</P></TD></TR>
<TR>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">FR</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">CCTE</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>23,296,732</P></TD>
<TD vAlign=bottom width=60>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">4th Quarter
2008</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$ <BR>Exchange
Rate</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center>P</P></TD>
<TD vAlign=bottom width=106>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Suppliers foreign
currency</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>23,301,660</P></TD>
<TD vAlign=bottom width=46>
<P
style="PADDING-RIGHT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=78>
<P
style="PADDING-LEFT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Other
current assets <BR>and liabilities</P></TD>
<TD vAlign=bottom width=34>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>777,668</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(777,668)</P></TD></TR>
<TR>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">FR</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">CCTE</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,311,986</P></TD>
<TD vAlign=bottom width=60>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">4th Quarter
2008</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$ <BR>Exchange
Rate</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center>S</P></TD>
<TD vAlign=bottom width=106>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Suppliers foreign
currency</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,324,636</P></TD>
<TD vAlign=bottom width=46>
<P
style="PADDING-RIGHT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=78>
<P
style="PADDING-LEFT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Other
current assets <BR>and liabilities</P></TD>
<TD vAlign=bottom width=34>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>140,034</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(140,034)</P></TD></TR>
<TR>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">FR</P></TD>
<TD vAlign=bottom width=36>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">CCTE</P></TD>
<TD vAlign=bottom width=41>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5,587,340</P></TD>
<TD vAlign=bottom width=60>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">1st Quarter
2009</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$ <BR>Exchange
Rate</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center>P</P></TD>
<TD vAlign=bottom width=106>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Suppliers foreign
currency</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5,587,242</P></TD>
<TD vAlign=bottom width=46>
<P
style="PADDING-RIGHT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=78>
<P
style="PADDING-LEFT: 4px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Other
current assets <BR>and liabilities</P></TD>
<TD vAlign=bottom width=34>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>377,751</P></TD>
<TD vAlign=bottom width=43>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(383,991)</P></TD></TR></TABLE><A name=RANGE!A1:M24></A>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>31</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 28 - Contingencies and Restrictions</B></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 24px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -24px"><B>a.</B></P>
<P style="PADDING-LEFT: 24px; MARGIN: 0px"><B>Litigation and other legal
actions:</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">There are various judicial actions and other out-of-court
claims pending against the Company incidental to its business and operations.
Management believes, based on the opinion of its legal counsel, that none of
these proceedings will have a material adverse effect on the Company&#146;s financial
position or result of operations.</P>
<P style="MARGIN: 0px">&nbsp;</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$1,521,597
(ThCh$1,625,117 in 2007). &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">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$1,187,207
(ThCh$1,061,956 in 2007). &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$15,082 (ThCh$70,454 in 2007). &nbsp;&nbsp;In accordance with its legal
counsel&#146;s opinion, the Company deems improbable that contingencies without
provisions may affect the results or equity of the Company.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px"><B>b.</B></P>
<P style="MARGIN: 0px; TEXT-INDENT: 47px"><B>Restrictions</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The bond issue and placement on the US market for US$ 200
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
3,700,000 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></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>32</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; 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>c.</B></P>
<P style="MARGIN: 0px; TEXT-INDENT: 24px"><B>Direct guarantees</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Guarantees at June 30, 2008 are presented on the
following table: </P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=129></TD>
<TD width=162></TD>
<TD width=61></TD>
<TD width=40></TD>
<TD width=44></TD>
<TD width=48></TD>
<TD width=45></TD>
<TD width=45></TD>
<TD width=33></TD>
<TD width=33></TD>
<TD width=35></TD></TR>
<TR>
<TD vAlign=bottom width=129>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=162>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=93 colSpan=2 rowSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Assets involved</B></P></TD>
<TD vAlign=bottom width=90 colSpan=2 rowSpan=2>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Balances pending at end of period</B></P></TD>
<TD vAlign=bottom width=33>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=33>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=35>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Guarantee
creditor</B></P></TD>
<TD vAlign=bottom width=162>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Debtor</B></P></TD>
<TD vAlign=bottom width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Type of
<BR>guaranty</B></P></TD>
<TD vAlign=bottom width=102 colSpan=3>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>Guaranty release</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=129>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=162>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Name</B></P></TD>
<TD vAlign=bottom width=61>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Relation</B></P></TD>
<TD vAlign=bottom width=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Type</B></P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Accounting
<BR>Value</B></P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>2008</B></P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>2007</B></P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>2009</B></P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>2010</B></P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>2011</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=129>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=162>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=61>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">AGA S.A.</P></TD>
<TD vAlign=bottom width=162>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">EMBOTELLADORA
ANDINA S.A.</P></TD>
<TD vAlign=bottom width=61>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Parent
company</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Guaranty
<BR>receipt</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Agreement</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>157,815</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>172,125</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>157,815</P></TD></TR>
<TR>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">MUNICIPALIDAD DE
SANTIAGO</P></TD>
<TD vAlign=bottom width=162>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">EMBOTELLADORA
ANDINA S.A.</P></TD>
<TD vAlign=bottom width=61>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Parent
company</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Guaranty
<BR>receipt</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Guaranty
<BR>Receipt</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11,333</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11,358</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11,333</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">ESCUELA
MILITAR</P></TD>
<TD vAlign=bottom width=162>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">EMBOTELLADORA
ANDINA S.A.</P></TD>
<TD vAlign=bottom width=61>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Parent
company</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Guaranty
<BR>receipt</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Guaranty
<BR>Receipt</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,304</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>304</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,000</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">MUNICIPALIDAD DE
MAIPU</P></TD>
<TD vAlign=bottom width=162>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">EMBOTELLADORA
ANDINA S.A.</P></TD>
<TD vAlign=bottom width=61>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Parent
company</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Guaranty
<BR>receipt</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Guaranty
<BR>Receipt</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>101,324</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">ESTADO RIO DE
JANEIRO</P></TD>
<TD vAlign=bottom width=162>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">RIO DE JANEIRO
REFRESCOS LTDA.</P></TD>
<TD vAlign=bottom width=61>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Mortgage</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Real
estate</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11,847,287</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>13,419,576</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11,107,630</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">PODER
JUDICIARIO</P></TD>
<TD vAlign=bottom width=162>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">RIO DE JANEIRO
REFRESCOS LTDA.</P></TD>
<TD vAlign=bottom width=61>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Judicial
<BR>Deposit</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Long term
<BR>assets</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>12,184,138</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">ADUANA DE
EZEIZA</P></TD>
<TD vAlign=bottom width=162>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">EMBOTELLADORA DEL
ATLANTICO S.A.</P></TD>
<TD vAlign=bottom width=61>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Subsidiary</P></TD>
<TD vAlign=bottom width=40>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Guaranty
<BR>insurance</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Temporary
<BR>export <BR>of molds</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>10,086</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=33>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=35>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 29 - Guarantees from Third Parties</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Guarantees from Third Parties at June 30, 2008 were as
follows:</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=190></TD>
<TD width=79></TD>
<TD width=97></TD>
<TD width=53></TD>
<TD width=51></TD>
<TD width=201></TD></TR>
<TR>
<TD vAlign=bottom width=190>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Guarantor</B></P></TD>
<TD vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Relationship</B></P></TD>
<TD vAlign=bottom width=97>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Type of Guarantee</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Currency</B></P></TD>
<TD vAlign=bottom width=201>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Transaction</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=190>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=79>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=97>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=201>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=190>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">AGA S.A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>Parent Company</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=97>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>Receipt</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>600,000</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>US$</P></TD>
<TD vAlign=bottom width=201>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Supplier
agreement</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=190>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">RUSEEL W.
COFFIN</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=97>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>Letter of credit</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>57,986,569</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>US$</P></TD>
<TD vAlign=bottom width=201>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Purchase of
Nitvitgov Refrigerantes S.A.</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=190>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">CONFAB</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=97>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>Mortgage</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>30,000,000</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>US$</P></TD>
<TD vAlign=bottom width=201>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Purchase of Rio
de Janeiro Refrescos Ltda.</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=190>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">SEVERAL
CLIENTS</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>Subsidiary</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=97>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>Deposits</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>3,852,058</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>US$</P></TD>
<TD vAlign=bottom width=201>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Guaranty over
containers</P></TD></TR>
<TR>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=190>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">CONSTRUCTORA
PRECON S.A.</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=79>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>Parent Company</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=97>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>Receipt</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>9,329</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=51>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>UF</P></TD>
<TD style="BACKGROUND-COLOR: #ffffff" vAlign=bottom width=201>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Construction
agreement</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!A3:I11></A><A
name=RANGE!A3:I10></A><A name=RANGE!A3:H10></A>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>33</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 30 - Local and Foreign Currency</B></P>
<P style="MARGIN: 0px">Assets at each period end were composed of local and
foreign currencies as follows: </P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=273></TD>
<TD width=142></TD>
<TD width=129></TD>
<TD width=129></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Amount</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>June 30, 2008</B></P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>June 30, 2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=142>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=center><B>ThCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Current
Assets</B></P></TD>
<TD vAlign=bottom width=142>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=129>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=129>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Cash</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>621,172</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,300,132</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5,454,108</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>159,914</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>22,993,083</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$AR</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,173,849</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>914,869</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$R</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,155,872</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,593,542</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Time
Deposits</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>30,486,498</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>17,439,298</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>6</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,602,796</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$AR</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>36,096</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$R</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>168,303</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Marketable
Securities (Net)</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>6,619,798</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>954,851</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>57,450,173</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>26,837,485</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$AR</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,521,429</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$R</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>88,587</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Trade Accounts
Receivable (Net)</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>12,612,860</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11,063,883</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>120,011</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>677,974</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>609,164</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$AR</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,835,638</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,784,039</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$R</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>13,206,316</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11,661,093</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Notes
Receivable</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5,100,340</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,761,118</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$AR</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>577,724</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>360,347</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$R</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,136,948</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,677,081</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Other Debtors
(Net)</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,002,585</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,196,149</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>928,848</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>71,253</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>488,058</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$AR</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,373,762</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>462,587</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$R</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>9,986,247</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5,255,448</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Notes Receivable
Related Companies</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,292,800</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,010,418</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Inventories
(Net)</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,344,412</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5,598,289</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,102,087</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,516,133</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,297,547</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$AR</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5,589,578</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,833,514</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$R</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11,549,910</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>12,601,903</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Recoverable
Taxes</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>778,895</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,384,892</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,589,360</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>282,158</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$AR</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>455,445</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>846,939</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$R</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>199,069</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>294,253</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Prepaid
Expenses</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,608,573</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,436,922</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>123,643</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>79,808</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$AR</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>273,771</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>265,487</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$R</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,135,827</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>724,236</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Deferred
Taxes</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>65,663</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>698,916</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$AR</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>359,010</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>271,065</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$R</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5,077,922</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>280,108</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Other Current
Assets</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,477,169</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>974,959</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>227,914</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>486,796</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>440,881</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>23,019,275</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$AR</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>951,455</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>762,398</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$R</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,159,621</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,268,619</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Property, Plant
and Equipment</P></TD>
<TD vAlign=bottom width=142>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=129>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=129>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Property, Plant
and Equipment</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>93,187,776</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>74,701,866</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>96,093,438</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>87,381,384</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Other
Assets</B></P></TD>
<TD vAlign=bottom width=142>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=129>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=129>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Investments in
Related Companies</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>18,688,336</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>19,547,525</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>946,537</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$R</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>5,544,574</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,875,456</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Investments in
Other Companies</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>102,444</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>14,422</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>47,177</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>47,233</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Goodwill</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,043,684</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,197,845</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>56,182,925</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>67,994,355</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Long Term
Debtors</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11,021</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>11,315</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$R</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>43,537</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$AR</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>14,495</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>15,923</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Notes Receivable
Related Companies</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>45,890</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>39,396</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Intangibles</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>1,198,742</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>300,834</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$AR</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>457,947</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Amortization</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(157,939)</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(285,689)</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Others</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>285,481</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>-</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>4,308,277</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,245,381</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">US$</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>(802,123)</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>85,005,809</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$AR</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>3,229,419</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>2,423,601</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">-</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt">$R</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>18,948,084</P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right>14,295,383</P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Total
Assets</B></P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Indexed
Ch$</B></P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>120,213,675</B></P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>96,520,139</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>Non-indexed
Ch$</B></P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>76,580,742</B></P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>55,032,105</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>US$</B></P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>214,159,556</B></P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>321,266,192</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>$AR</B></P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>15,870,242</B></P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>14,920,145</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=273>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=142>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"><B>$R</B></P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>74,188,977</B></P></TD>
<TD vAlign=bottom width=129>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt"
align=right><B>56,738,962</B></P></TD></TR></TABLE><A
name=RANGE!A1:D77></A><A name=RANGE!A1:D82></A><A name=RANGE!A1:K49></A><A
name=RANGE!A1:D78></A>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>34</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 30 - Local and Foreign Currency
(continuation)</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Current liabilities for the period ended June 30, 2008
and 2007, denominated in local and foreign currencies were as follows:</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=183></TD>
<TD width=89></TD>
<TD width=55></TD>
<TD width=48></TD>
<TD width=56></TD>
<TD width=42></TD>
<TD width=50></TD>
<TD width=44></TD>
<TD width=55></TD>
<TD width=47></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=89>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=160 colSpan=3>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Up to 90 days</B></P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=198 colSpan=4>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>90 days to 1 year</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=89>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=104 colSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>June 30, 2008</B></P></TD>
<TD vAlign=bottom width=99 colSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>June 30, 2007</B></P></TD>
<TD vAlign=bottom width=95 colSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>June 30, 2008</B></P></TD>
<TD vAlign=bottom width=103 colSpan=2>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>June 30, 2007</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=89>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Currency</B></P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Annual average interest rate</B></P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Annual average interest rate</B></P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Annual average interest rate</B></P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Annual average interest rate</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Short term bank
liabilities</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>211,951</P></TD>
<TD vAlign=bottom width=48>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>8.58%</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$AR</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>7,086,621</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>17.64%</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>368,753</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>13.47%</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Long term bank
liabilities</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">US$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>141,251</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>11.89%</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Long term bonds
payable </P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>7,161,155</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>6.20%</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>399,508</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>6.50%</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6,693,000</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>6.20%</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">US$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>365,811</P></TD>
<TD vAlign=bottom width=42>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>7.35%</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>20,055</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>7.63%</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>18,403,623</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center>7.35%</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Dividends
payable</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>5,798,456</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>62,992,550</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$AR</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>5,600</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Accounts
payable</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>21,758,231</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>15,663,629</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">US$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1,908,758</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2,580,151</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$AR</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>10,705,535</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>5,307,826</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>9,953,918</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>8,946,516</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">EUROS$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>10,131</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2,376</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Other
crecitors</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$AR</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>167,132</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>86,215</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>44,474</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>37,751</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>5,877,936</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>4,331,793</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">US$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>94,258</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>192,496</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Notes and
accounts payable related companies</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>4,245,856</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1,137,573</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">US$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1,480,442</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$AR</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1,972,882</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1,486,655</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1,617,825</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Provisions</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>726,753</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>788,221</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2,722,388</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>3,527,597</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Withholdings</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6,018,193</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>4,314,420</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$AR</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6,624,215</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>4,186,046</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>3,150,202</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1,876,516</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">EUROS$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Income tax
provision</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>5,272</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>708,184</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>311,241</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$AR</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1,445,633</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>175,602</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>511,495</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>432,706</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Unearned
income</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>128</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>595,010</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Other current
liabilities</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2,346,015</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>4,721,060</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">US$</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2,115,933</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=89>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Total current
liabilities</B></P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Non-indexed
Ch$</B></P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>41,110,855</B></P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>90,920,647</B></P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>311,241</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>$AR</B></P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>20,920,997</B></P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>9,580,087</B></P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>7,131,095</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>213,353</B></P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>$R</B></P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>17,318,509</B></P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>18,130,017</B></P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>7,251,756</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>2,245,269</B></P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>US$</B></P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>4,118,949</B></P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>4,618,900</B></P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>20,055</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>18,403,623</B></P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=89>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Indexed
Ch$</B></P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>7,161,155</B></P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>399,508</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>6,693,000</B></P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=89>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>EUROS$</B></P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>10,131</B></P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>2,376</B></P></TD>
<TD vAlign=bottom width=42>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=50>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=55>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=47>
<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" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:J53></A>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>35</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 30 - Local and Foreign Currency
(continuation)</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Long term liabilities at June 30, 2008 were composed of
local and foreign currencies as follows: </P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=183></TD>
<TD width=80></TD>
<TD width=57></TD>
<TD width=44></TD>
<TD width=57></TD>
<TD width=44></TD>
<TD width=57></TD>
<TD width=44></TD>
<TD width=57></TD>
<TD width=44></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80 rowSpan=2>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Currency</B></P></TD>
<TD vAlign=bottom width=102 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=102 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=102 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=102 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=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Annual average interest rate</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Annual average interest rate</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Annual average interest rate</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Annual average interest rate</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<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"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>%</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>%</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>%</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Long term bank
liabilities</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>770,489</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>10.67%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Long term bonds
payable</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>8,815,883</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.50%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>13,223,825</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.50%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>22,039,708</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.50%</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>30,855,626</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=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">US$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1,052,100</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>7.63%</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Other
creditors</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$AR</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>90,107</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Notes and
accounts payable related companies</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>3,200,259</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Provisions</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6,280,864</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>763,010</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$AR</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1,521,597</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>9,462,376</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Deferred
taxes</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>100,010</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$AR</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>466,114</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>17,079,973</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Other
liabilities</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>4,852,382</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$AR</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>270,872</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2,437,844</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>5,754,587</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Total long
term liabilities</B></P></TD>
<TD vAlign=bottom width=80>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>$R</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>33,067,425</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Indexed
Ch$</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>8,815,883</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>13,223,825</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>22,039,708</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>37,136,490</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>US$</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>1,052,100</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>$AR</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>1,611,704</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>736,986</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>2,437,844</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=183>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=80>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Non-indexed
Ch$</B></P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>3,963,269</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>4,852,382</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=57>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>100,010</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD><A name=RANGE!A1:J23></A><A name=RANGE!A1:J24></A><A
name=RANGE!A1:J25></A></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Long term liabilities at June 30, 2007 were composed of
local and foreign currencies as follows:</P>
<P style="MARGIN: 0px"><BR></P>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=193></TD>
<TD width=90></TD>
<TD width=52></TD>
<TD width=44></TD>
<TD width=47></TD>
<TD width=45></TD>
<TD width=53></TD>
<TD width=46></TD>
<TD width=53></TD>
<TD width=46></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P
style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Currency</B></P></TD>
<TD vAlign=bottom width=97 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=93 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=99 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=100 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=193>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<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=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Annual average interest 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=45>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Annual average interest rate</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Annual average interest rate</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Amount</B></P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>Annual average interest rate</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=center><B>ThCh$</B></P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Long term bank
liabilities</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>847,707</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Long term bonds
payable</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">US$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2,295,003</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>7.63%</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Indexed
Ch$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>4,414,273</P></TD>
<TD vAlign=bottom width=44>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.20%</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>8,828,514</P></TD>
<TD vAlign=bottom width=45>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.20%</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>22,071,285</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.20%</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>39,728,295</P></TD>
<TD vAlign=bottom width=46>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>6.20%</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Other
creditors</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$AR</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>113,339</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>32,926</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Notes and
accounts payable related companies</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>3,706,935</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Provisions</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>774,179</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>5,599,619</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$AR</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1,625,117</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>10,703,796</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Deferred
taxes</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>1,833,854</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$AR</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>661,774</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>5,192,410</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Other
liabilities</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">Non-indexed
Ch$</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>5,507,641</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$AR</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>242,135</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>2,179,218</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">-</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt">$R</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>3,062,257</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right>-</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Total long
term liabilities</B></P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>$R</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>19,806,170</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>32,926</B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>US$</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>2,295,003</B></P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Indexed
Ch$</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>4,414,273</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>8,828,514</B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>22,071,285</B></P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>39,728,295</B></P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>$AR</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>1,738,456</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>903,909</B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>2,179,218</B></P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=193>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"><B>Non-indexed
Ch$</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>6,314,968</B></P></TD>
<TD vAlign=bottom width=44>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>-</B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>5,507,641</B></P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 7pt; MARGIN: 0px; LINE-HEIGHT: 9pt"
align=right><B>5,599,619</B></P></TD>
<TD vAlign=bottom width=46>
<P>&nbsp;</P></TD><A name=RANGE!A1:J22></A></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>36</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 31 &#150; Penalties</B></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"><B>Note 32 - Subsequent Events</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=justify><B>Changes in Management Corporate Legal
and Communications Officer </B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>Embotelladora Andina S.A. announced that
Mr. Pedro Pellegrini, Corporate Legal and Communications Manager, will leave his
position as of July 31, 2008, after 13 years of outstanding performance at the
Company. &nbsp;Mr. Pellegrini's decision was internally communicated some months
ago and is based on his interest in dedicating himself to private practice and
corporate advisor roles and in this sense Mr. Pellegrini will continue as an
external advisor of Andina. &nbsp;The name of the new Corporate Legal Officer
will be timely informed. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 33 &#150; Companies subject to special
regulations</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The Company and its subsidiaries are not subject to
special regulations. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B>Note 34 &#150; Environment</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The Company has disbursed ThCh$1,720,698 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$483,711.</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>37</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="PADDING-RIGHT: 2px; MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px"><B>I.</B></P>
<P style="PADDING-RIGHT: 2px; MARGIN: 0px; TEXT-INDENT: 47px"><B>Analysis of
Results for the Second Quarter of 2008 and the Period ended June 30,
2008</B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><I>All figures are
expressed under Chilean GAAP and in constant Chilean pesos as of June 2008,
therefore all variations are in real terms.</I></B></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="PADDING-RIGHT: 2px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><U>Highlights</U></B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P
style="PADDING-RIGHT: 40px; MARGIN-TOP: 0px; PADDING-LEFT: 24px; FONT-SIZE: 11pt; MARGIN-BOTTOM: -17px; TEXT-INDENT: -24px; LINE-HEIGHT: 13pt; FONT-FAMILY: Symbol"
align=justify>&#183;</P>
<P
style="PADDING-RIGHT: 40px; PADDING-LEFT: 24px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Operating Income reached Ch$21,430 million during the Second
Quarter of 2008, a 2.8% decrease in real terms compared to the same period of
the previous year. &nbsp;Operating Margin was 13.0%.</P>
<P
style="PADDING-RIGHT: 40px; MARGIN-TOP: 0px; PADDING-LEFT: 24px; FONT-SIZE: 11pt; MARGIN-BOTTOM: -17px; TEXT-INDENT: -24px; LINE-HEIGHT: 13pt; FONT-FAMILY: Symbol"
align=justify>&#183;</P>
<P
style="PADDING-RIGHT: 40px; PADDING-LEFT: 24px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Consolidated Sales Volume for the Second Quarter amounted to 97.2
million unit cases, an increase of 1.7% during the quarter. </P>
<P
style="PADDING-RIGHT: 40px; MARGIN-TOP: 0px; PADDING-LEFT: 24px; FONT-SIZE: 11pt; MARGIN-BOTTOM: -17px; TEXT-INDENT: -24px; LINE-HEIGHT: 13pt; FONT-FAMILY: Symbol"
align=justify>&#183;</P>
<P
style="PADDING-RIGHT: 40px; PADDING-LEFT: 24px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Second Quarter EBITDA totaled Ch$29,983 million, remaining stable
in real terms compared to the Second Quarter of 2007. EBITDA Margin was
18.2%.</P>
<P
style="PADDING-RIGHT: 40px; MARGIN-TOP: 0px; PADDING-LEFT: 24px; FONT-SIZE: 11pt; MARGIN-BOTTOM: -17px; TEXT-INDENT: -24px; LINE-HEIGHT: 13pt; FONT-FAMILY: Symbol"
align=justify>&#183;</P>
<P
style="PADDING-RIGHT: 40px; PADDING-LEFT: 24px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Net Income for the Second Quarter of 2008 reached Ch$17,612
million, 26.8% higher than the figure recorded in the Second Quarter of
2007.</P>
<P
style="PADDING-RIGHT: 40px; MARGIN-TOP: 0px; PADDING-LEFT: 24px; FONT-SIZE: 11pt; MARGIN-BOTTOM: -17px; TEXT-INDENT: -24px; LINE-HEIGHT: 13pt; FONT-FAMILY: Symbol"
align=justify>&#183;</P>
<P
style="PADDING-RIGHT: 40px; PADDING-LEFT: 24px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Consolidated Operating Income reached Ch$58,117 million during the
period ended June 30, 2008, 9.3% higher in real terms than the figure recorded
as of June 30, 2007. &nbsp;Operating Margin was 16.2%. </P>
<P
style="PADDING-RIGHT: 40px; MARGIN-TOP: 0px; PADDING-LEFT: 24px; FONT-SIZE: 11pt; MARGIN-BOTTOM: -17px; TEXT-INDENT: -24px; LINE-HEIGHT: 13pt; FONT-FAMILY: Symbol"
align=justify>&#183;</P>
<P
style="PADDING-RIGHT: 40px; PADDING-LEFT: 24px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Consolidated Sales Volume for the period ended June 30, 2008
totaled 217.8 million unit cases, an increase of 3.9% compared to 2007. </P>
<P
style="PADDING-RIGHT: 40px; MARGIN-TOP: 0px; PADDING-LEFT: 24px; FONT-SIZE: 11pt; MARGIN-BOTTOM: -17px; TEXT-INDENT: -24px; LINE-HEIGHT: 13pt; FONT-FAMILY: Symbol"
align=justify>&#183;</P>
<P
style="PADDING-RIGHT: 40px; PADDING-LEFT: 24px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Consolidated EBITDA for the period ended June 30, 2008 amounted to
Ch$74,907 million, an increase of 8.6% in real terms. &nbsp;EBITDA Margin was
20.8%.</P>
<P
style="PADDING-RIGHT: 40px; MARGIN-TOP: 0px; PADDING-LEFT: 24px; FONT-SIZE: 11pt; MARGIN-BOTTOM: -17px; TEXT-INDENT: -24px; LINE-HEIGHT: 13pt; FONT-FAMILY: Symbol"
align=justify>&#183;</P>
<P
style="PADDING-RIGHT: 40px; PADDING-LEFT: 24px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Net Income for the First Half of 2008 reached Ch$38,457 million,
0.9% higher than the First Half of 2007.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><U>Comments from
the Chief Executive Officer, Mr. Jaime Garcia R.</U></B></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>&nbsp;</P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=justify><I>&#147;The
results obtained during the first half of 2008 reflect our ability to face the
complex inflationary scenarios in the different markets where we operate,
keeping our Consolidated Operating Margin stable. &nbsp;Appreciation of the
Chilean and Brazilian currencies were beneficial to our business and we
increased by 4% our consolidated volume, where the 24% growth in the juices and
waters categories stands out. As always we remain enthusiastic to face the
challenges of the second half of the year. &#147;</I></P>
<P style="MARGIN: 0px"><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><U>CONSOLIDATED
SUMMARY</U></B></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P
style="PADDING-RIGHT: 2px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><U>First
Half ended June 30, 2008 vs. First Half ended June 30, 2007</U></B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=justify>During
the First Half of 2008, the Company&#146;s results were due to growth in volume,
increases in prices in line with local inflation and the complex macroeconomic
environment. Inflation has particularly had a negative impact over the food and
beverage industry in the three countries where we operate, and to an extent has
had an effect over volume increases. &nbsp;The average 17% and 11.5%
appreciation of the Brazilian <I>real</I> and Chilean <I>peso</I> respectively
has had a positive impact over our dollar-denominated cost and the translation
of figures for those cash flows generated in Brazil. &nbsp;The Argentine
<I>peso</I> remained relatively stable, with an average depreciation of
1.6%.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Consolidated Sales Volume amounted to 217.8 million unit cases, an
increase of 3.9%. &nbsp;Soft Drinks increased 2.2%, while the other categories
of, Juices, Waters and Beer together increased by 22.8%. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>38</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=justify>Net
Sales amounted to Ch$359,349 million, 11.2% higher than 2007 in real terms.
&nbsp;Resulting from higher volumes, price adjustments in the three countries
where we operate and in the case of Brazil, a favorable exchange rate upon
translation of figures.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=justify>Cost of
Sales per unit case increased 2.6% compared to the First Half of 2007, mainly
due to: (i) higher concentrate costs specifically in Chile given the new bottler
agreement; and in the three countries where the Company operates due to price
increases, (ii) increased depreciation (resulting from significant investments
carried out during the last year); and (iii) increased labor costs. &nbsp;All of
which was partially offset by the appreciation of the Brazilian <I>real</I> and
Chilean <I>peso</I>, thus decreasing the costs of U.S. dollar-denominated raw
materials, and the lower price of sugar in Chile and Brazil resulting from good
negotiations with suppliers. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=justify>On the
other hand, SG&amp;A expenses increased 22.2% as a result of higher volumes and
increased freight fees, which rose due to higher labor costs and fuel prices, in
addition to the effect upon translation of figures of our Brazilian
operation.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Consolidated Operating Income amounted to Ch$58,117 million, a
9.3% increase compared to the First Half of 2007. Operating Margin was 16.2%, a
decrease of 20 basis points. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Consolidated EBITDA amounted to Ch$74,907 million, an increase of
8.6%. EBITDA Margin was 20.8%.</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="PADDING-RIGHT: 2px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><U>Second
Quarter 2008 vs. Second Quarter 2007</U></B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Consolidated Sales Volume for the Second Quarter of 2008 reached
97.2 million unit cases, a 1.7% increase compared to the same period of the
previous year. This growth resulted from the development of &#147;other categories&#148;
which achieved a 20.3% increase in volumes; soft drink volumes remained
stable.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=justify>Net
Sales amounted to Ch$165,145 million, representing a 9.2% improvement in real
terms compared to the Second Quarter of 2007, mainly due to increased volumes,
stable average income in real terms in the three countries where the Company
operates and a favorable exchange rate upon translation of figures in the case
of Brazil.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=justify>Cost of
Sales per unit case increased 5.0%, mainly explained by the previously-mentioned
circumstances during the First Half of 2008. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>SG&amp;A expenses increased 20.2%, as a result of increased
volumes, higher freight fees and the increase in advertising expenses, in
addition to the effect upon translation of figures of our Brazilian
operation.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Consolidated Operating Income amounted to Ch$21,430 million, a
2.8% decrease in real terms compared to the Second Quarter of 2007. Operating
Margin was 13.0%. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Finally, Consolidated EBITDA amounted to Ch$29,983 million,
remaining stable in real terms compared to the same period of the previous year.
EBITDA Margin was 18.2%.</P>
<P style="MARGIN: 0px" align=center><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>39</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="PADDING-RIGHT: 2px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><U>SUMMARY
BY COUNTRY</U></B></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B>CHILE</B></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P
style="PADDING-RIGHT: 2px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><U>First
Half ended June 30, 2008 vs. First Half ended June 30, 2007</U></B></P>
<P style="MARGIN: 0px" align=center><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>During the First Half of 2008, Sales Volume amounted to 75.7
million unit cases a significant 7.0% growth compared to the First Half of 2007.
&nbsp;This growth was a result of increased soft drink volumes (+3.9%) as well
as an increase in the Juices and Waters segment (+21.9%). </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Net Sales amounted to Ch$125,859 million, a 4.6% improvement in
real terms compared to the previous year, as a result of higher volumes and
offset by a 2.3% decrease in real terms of the average income per unit case.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Operating Income was 6.0% lower in real terms than the figure
reported in the same period of 2007, amounting to Ch$25,913 million.
&nbsp;Operating Margin was 20.6%. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>EBITDA amounted to Ch$33,402 million, 1.7% lower in real terms
than the EBITDA figure recorded in 2007. &nbsp;EBITDA Margin was 26.5%.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P
style="PADDING-RIGHT: 2px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><U>Second
Quarter 2008 vs. Second Quarter 2007</U></B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>During the Second Quarter of 2008 Sales Volume amounted to 33.4
million unit cases, a 5.0% growth compared to the same period of the previous
year, where &#147;other categories&#148; were a strong growth driver recording a 19.8%
increase. &nbsp;In addition to water volumes of <I>Benedictino</I> (launched in
the month of February this year), during the month of May we introduced
<I>Burn</I>, the Coca-Cola brand for energy drinks already positioned in the
international markets. &nbsp;In Chile this category has a good growth potential.
</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Net Sales amounted to Ch$57,180 million, reflecting a growth of
5.0%, with a real average income per unit case remaining stable. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Cost of Sales per unit case increased 2.0%. &nbsp;This higher cost
is mainly explained by an increase in concentrate costs (resulting from price
increases and a higher incidence), cost of PET resin and increased labor costs.
&nbsp;These factors were partially offset by a decrease in the costs of sugar
and the positive effect of the average 12.5% revaluation of the Chilean
<I>peso</I> over our U.S. dollar-denominated raw materials. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Operating Income amounted to Ch$10,919 million, a 3.5% decrease in
real terms compared to the Second Quarter of 2007. &nbsp;Operating Margin was
19.1%. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>EBITDA amounted to Ch$14,764 million, a 1.0% increase in real
terms regarding the EBITDA figure recorded during the same period of the
previous year. &nbsp;EBITDA Margin was 25.8%. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P
style="PADDING-RIGHT: 2px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><U>BRAZIL</U></B></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="PADDING-RIGHT: 2px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><I>For
the second quarter and first half of 2008 the appreciation of the Brazilian real
had a positive impact over income and a negative impact over costs and expenses
due to figure translation. </I></B></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="PADDING-RIGHT: 2px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><U>First
Half ended June 30, 2008 vs. First Half ended June 30, 2007</U></B></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>40</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Sales Volume amounted to 83.8 million unit cases, compared to the
84.2 million unit cases recorded as of June 30, 2007, strongly affected by the
contraction in consumer demand and lower temperatures than those registered last
year.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Net Sales reached Ch$157,826 million, increasing 13.8% in real
terms compared to the previous year. &nbsp;This increase was as a result of
price adjustments and the favorable exchange rate upon the translation of
figures.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Cost of Sales per unit case increased 3.0%. &nbsp;Higher freight
fees along with the effect upon translation of figures (revaluation of the
Brazilian <I>real</I>) led to a 28.8% increase of SG&amp;A expenses.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Operating Income increased 26.2%, amounting to Ch$25,090 million.
Operating Margin was 15.9%, an improvement of 160 basis points.</P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>&nbsp;</P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>EBITDA amounted to Ch$30,804 million, an increase of 21.0% in real
terms, with an EBITDA Margin of 19.5%, increasing 110 basis points compared to
the previous period.</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="PADDING-RIGHT: 2px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><U>Second
Quarter 2008 vs. Second Quarter 2007</U></B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Sales Volume for the Second Quarter of 2008 amounted to 38.4
million unit cases, representing a 3.6% decrease compared to the Second Quarter
of 2007. &nbsp;&nbsp;This volume decrease reflects the contraction in consumer
demand and a consumer pattern shift towards &nbsp;durable goods, less available
wages in low income families (as a result of the inflation recorded in the food
and beverage segment, tripling that of general inflation) and lower temperatures
than those recorded during the same period last year. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Net Sales reached Ch$73,911 million, representing a significant
increase of 8.5%. &nbsp;This growth 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" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Cost of Sales per unit case grew 6.2% mainly explained by the
increase in concentrate (resulting from price adjustments) and PET resin, in
addition to an increased depreciation 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 and the positive effect of the
appreciation of the Brazilian <I>real</I> over U.S. dollar-denominated raw
material costs. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Operating Income reached Ch$9,219 million, representing a 4.1%
decrease in real terms and Operating Margin was 12.5%. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Finally, EBITDA amounted to Ch$12,077 million, a decrease of 3.3%
in real terms compared to the Second Quarter of 2007. &nbsp;&nbsp;EBITDA Margin
was 16.3%. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B>ARGENTINA</B></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="PADDING-RIGHT: 2px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><U>First
Half ended June 30, 2008 vs. First Half ended June 30, 2007</U></B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Sales Volume reached 58.3 million unit cases, a 6.5% improvement
compared to the Sales Volume reported in 2007, driven by the increase in
salaries observed during the period. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Net Sales reached Ch$76,759 million, representing an increase of
15.9% in real terms. 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 (1.6% on
average).</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>41</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Cost of Sales per unit case increased 5.0%, mainly explained by
increased costs of sugar, PET resin, concentrate (as a result of price
increases), and increased labor costs.</P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>&nbsp;</P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>SG&amp;A expenses increased 23.0% mainly due to higher salaries,
and the impact of the agricultural strike over our logistic and distribution
operations. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Operating Income amounted to Ch$8,826 million, a significant 21.5%
increase. Operating Margin was 10.8%, 50 basis points higher than 2007.
&nbsp;</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>EBITDA reached Ch$11,873 million, an increase of 11.8% in real
terms compared to the same period of 2007. &nbsp;EBITDA Margin was 15.5%.</P>
<P style="MARGIN: 0px"><BR></P>
<P
style="PADDING-RIGHT: 2px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><U>Second
Quarter 2008 vs. Second Quarter 2007</U></B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Sales Volume for the Second Quarter of 2008 increased 6.4%
reaching 25.4 million unit cases. &nbsp;</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Net Sales reached Ch$34,519 million, representing an increase of
15.8% in real terms compared to the Second Quarter of 2007. &nbsp;This
improvement is explained by higher volumes and price adjustments during the
period, partially offset by the effect of the devaluation of the Argentine peso
upon translation of figures.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Cost of Sales per unit ca<I>se increased 5.0%, explained by the
same arguments given for the First Half analysis. </I></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Operating Income amounted to Ch$1,811 million, a 10.3% increase in
real terms compared to the same period of 2007. Operating Margin was 5.2%, a
decrease of 30 basis points compared to the Second Quarter of 2007.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Finally, EBITDA reached Ch$3,661 million, an increase of 3.7%.
EBITDA Margin was 10.6%</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P
style="PADDING-RIGHT: 2px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><U>NON-OPERATING
RESULTS</U></B></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="PADDING-RIGHT: 2px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><U>First
Half ended June 30, 2008 vs. First Half ended June 30, 2007</U></B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Non-Operating Results totaled a loss of (Ch$7,917) million, which
compares negatively to a lower accumulated loss of (Ch$4,504) million recorded
during 2007. This increased loss in the non-operating result line is best
explained by:</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P
style="PADDING-RIGHT: 1px; MARGIN-TOP: 0px; PADDING-LEFT: 96px; FONT-SIZE: 11pt; MARGIN-BOTTOM: -17px; TEXT-INDENT: -24px; LINE-HEIGHT: 13pt; FONT-FAMILY: Symbol"
align=justify>&#183;</P>
<P
style="PADDING-RIGHT: 1px; PADDING-LEFT: 96px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Price Level Restatement: Resulted in a profit compared to a loss
recorded in the same period of 2007, due to an increase of the exchange rate
during the period (Ch$526.05 per US$ as of June 30, 2008 vs. Ch$496.89 per US$
as of December 30, 2007; and Ch$526.86 per US$ as of June 30, 2007 vs. Ch$532.39
per US$ as of December 30, 2006); over the Company&#146;s U.S. Dollar asset position.
</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P
style="PADDING-RIGHT: 1px; MARGIN-TOP: 0px; PADDING-LEFT: 96px; FONT-SIZE: 11pt; MARGIN-BOTTOM: -17px; TEXT-INDENT: -24px; LINE-HEIGHT: 13pt; FONT-FAMILY: Symbol"
align=justify>&#183;</P>
<P
style="PADDING-RIGHT: 1px; PADDING-LEFT: 96px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Financial Expense/Income (Net): &nbsp;Reflecting a negative
variation due to losses in financial hedging agreements, resulting from the
devaluation of the exchange rate recorded during the First Half of 2008 compared
to the revaluation in the First Half of 2007.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Finally, net income amounted to Ch$38,457 million, remaining
stable in real terms compared to the figure recorded in the First Half of
2007.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>42</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="PADDING-RIGHT: 2px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"><B><U>ANALYSIS
OF THE BALANCE SHEET</U></B></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="PADDING-RIGHT: 2px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt">As
of June 30, 2008, the Company&#146;s financial assets amounted to Ch$103,092 million.
These represent cash, investments in mutual funds and time deposits. &nbsp;76.8%
of total financial investments are denominated in Chilean pesos, 18.9% in U.S.
dollars, 3.1% in Brazilian reais and 1.2% in Argentine pesos. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-RIGHT: 1px; FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>On the other hand, the Company&#146;s total debt was Ch$86,733 million,
with an average annual rate of 6.5% on Chilean <I>peso</I>-denominated debt and
7.6% on U.S. dollar denominated debt. The Chilean <I>peso</I>-denominated debt
represents 89.6% of total debt.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px" align=justify>As a result, the Company
holds a positive net cash position of Ch$16,359 million.</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=228></TD>
<TD width=56></TD>
<TD width=101></TD>
<TD width=90></TD>
<TD width=107></TD>
<TD width=86></TD></TR>
<TR>
<TD vAlign=bottom width=682 colSpan=7>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>Main
Indicators</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=101>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=107>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=56>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=101>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=107>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=240 colSpan=2>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B>INDICATORS</B></P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Unit</B></P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>June-2008</B></P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Dec-2007</B></P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>June 2007}</B></P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center><B>Variance</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=240 colSpan=2>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B><I>LIQUIDITY</I></B></P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px" align=center>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px"><I></I>&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Current
Ratio</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>Times</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>2.06</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1.92</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1.17</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0.88</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Acid
Tests</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>Times</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1.78</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1.72</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1.01</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0.77</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Working
Capital</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>MCh$</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>39,211</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>28,282</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>61,059</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>-21,848</P></TD></TR>
<TR>
<TD vAlign=bottom width=240 colSpan=2>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B><I>ACTIVITY</I></B></P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=107>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px"><B><I></I></B>&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Investments</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>MCh$</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>30,881</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>57,817</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>25,047</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>5,834</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Inventory
turnover</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>Times</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7.10</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>13.60</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7.29</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>-0.19</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Days of
inventory on hand</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>Days</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>50.71</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>26.46</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>49.39</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1.32</P></TD></TR>
<TR>
<TD vAlign=bottom width=240 colSpan=2>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B><I>INDEBTEDNESS</I></B></P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=107>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px"><I></I>&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Debt to equity
ratio</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>%</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>84.15%</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>92.22%</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>104.89%</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>-20.73%</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Short-term
liabilities to total liabilities</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>%</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>43.06%</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>53.48%</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>56.67%</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>-13.61%</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Long-term
liabilities to total liabilities</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>%</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>56.94%</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>46.52%</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>43.33%</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>13.61%</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Interest charges
coverage ratio</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>Times</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>36.06</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>60.47</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>50.46</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>-14.41</P></TD></TR>
<TR>
<TD vAlign=bottom width=240 colSpan=2>
<P
style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"><B><I>PROFITABILITY</I></B></P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px" align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=90>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=107>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=86>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px"><I></I>&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Return over
equity</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>%</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>13.68%</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>28.32%</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>13.36%</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0.32%</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Return over
total assets</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>%</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7.26%</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>14.94%</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>6.83%</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0.43%</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Return over
operating assets</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>%</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>14.06%</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>32.80%</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>13.96%</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>0.10%</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Operating
income</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>MCh$</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>58,117</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>119,190</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>53,158</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>4,960</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Operating
margin</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>%</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>16.17%</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>18.14%</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>16.44%</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>-0.27%</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">EBITDA
(1)</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>MCh$</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>71,577</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>153,707</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>70,371</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1,207</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">EBITDA
margin</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>%</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>19.92%</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>22.93%</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>21.33%</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>-1.42%</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Dividends payout
ratio - Serie A shares</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>%</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>12.43%</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7.16%</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1.65%</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>10.77%</P></TD></TR>
<TR>
<TD vAlign=bottom width=12>
<P style="FONT-SIZE: 8pt; MARGIN: 0px">&nbsp;</P></TD>
<TD vAlign=bottom width=228>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt">Dividends payout
ratio - Serie B shares</P></TD>
<TD vAlign=bottom width=56>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=center>%</P></TD>
<TD vAlign=bottom width=101>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>12.75%</P></TD>
<TD vAlign=bottom width=90>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>7.33%</P></TD>
<TD vAlign=bottom width=107>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>1.69%</P></TD>
<TD vAlign=bottom width=86>
<P style="FONT-SIZE: 8pt; MARGIN: 0px; LINE-HEIGHT: 10pt"
align=right>11.06%</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><SUP>1</SUP>Earnings before income taxes, interests,
depreciation, amortization and extraordinary items.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Liquidity indicators improved due to (i) the sale of long
term corporate bond portfolio which were reinvested in marketable securities and
short term time deposits, and (ii) the maturity of Series A Yankee bonds in
October of 2007 in the amount of US$32 million that as of june 2007 was
classified as short term. </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>43</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Indicators of indebtedness reflect a slight decrease
mainly due to the maturity of the previously mentioned Yankee Bond During the
period net financial expenses amounted to Ch$1,432 million and earnings before
interests and taxes amounted to Ch$51,632 million, achieving an interest
coverage of 36.06 times.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">At the closing of the period ended June 30, 2008,
operating profitability indicators were affected by the reasons explained 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: 47px"><B>Analysis of Book Values and Present
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"><BR></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; PADDING-LEFT: 96px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -48px"><B>IV.</B></P>
<P style="PADDING-LEFT: 96px; MARGIN: 0px"><B>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=255></TD>
<TD width=109></TD>
<TD width=103></TD>
<TD width=103></TD>
<TD width=101></TD></TR>
<TR>
<TD vAlign=bottom width=255 rowSpan=2>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=109>
<P style="MARGIN: 0px" align=center><B>Jun-2008</B></P></TD>
<TD vAlign=bottom width=103>
<P style="MARGIN: 0px" align=center><B>Jun-2007</B></P></TD>
<TD vAlign=bottom width=103 rowSpan=2>
<P style="MARGIN: 0px" align=center><B>Variation MCh$</B></P></TD>
<TD vAlign=bottom width=101 rowSpan=2>
<P style="MARGIN: 0px" align=center><B>Variation %</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=109>
<P style="MARGIN: 0px" align=center><B>MCh$</B></P></TD>
<TD vAlign=bottom width=103>
<P style="MARGIN: 0px" align=center><B>MCh$</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=255>
<P style="MARGIN: 0px">Operating</P></TD>
<TD vAlign=bottom width=109>
<P style="MARGIN: 0px" align=right>70,517</P></TD>
<TD vAlign=bottom width=103>
<P style="MARGIN: 0px" align=right>58,690</P></TD>
<TD vAlign=bottom width=103>
<P style="MARGIN: 0px" align=right>11,827</P></TD>
<TD vAlign=bottom width=101>
<P style="MARGIN: 0px" align=right>20%</P></TD></TR>
<TR>
<TD vAlign=bottom width=255>
<P style="MARGIN: 0px">Financing</P></TD>
<TD vAlign=bottom width=109>
<P style="MARGIN: 0px" align=right>(63,215)</P></TD>
<TD vAlign=bottom width=103>
<P style="MARGIN: 0px" align=right>24,251</P></TD>
<TD vAlign=bottom width=103>
<P style="MARGIN: 0px" align=right>(38,694)</P></TD>
<TD vAlign=bottom width=101>
<P style="MARGIN: 0px" align=right>-158%</P></TD></TR>
<TR>
<TD vAlign=bottom width=255>
<P style="MARGIN: 0px">Investment</P></TD>
<TD vAlign=bottom width=109>
<P style="MARGIN: 0px" align=right>(30,418)</P></TD>
<TD vAlign=bottom width=103>
<P style="MARGIN: 0px" align=right>(643)</P></TD>
<TD vAlign=bottom width=103>
<P style="MARGIN: 0px" align=right>(29,775)</P></TD>
<TD vAlign=bottom width=101>
<P style="MARGIN: 0px" align=right>-4,631%</P></TD></TR>
<TR>
<TD vAlign=bottom width=255>
<P style="MARGIN: 0px"><B>Net cash flow for the Period</B></P></TD>
<TD vAlign=bottom width=109>
<P style="MARGIN: 0px" align=right><B>(23,116)</B></P></TD>
<TD vAlign=bottom width=103>
<P style="MARGIN: 0px" align=right><B>33,526</B></P></TD>
<TD vAlign=bottom width=103>
<P style="MARGIN: 0px" align=right><B>(56,642)</B></P></TD>
<TD vAlign=bottom width=101>
<P style="MARGIN: 0px" align=right><B>169%</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">The Company generated positive net cash flow of
MCh$23,116 during the quarter, analyzed as follows:</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Operating activities generated a positive cash flow of
MCh$70,517 representing a positive variation of MCh$11,827 mainly explained by
higher financial income resulting form the liquidation of cross currency swap
agreements that was partially offset by lower dividends received and higher
income tax payments.</P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Financing activities generated a negative cash flow of
MCh$63,215; with a negative variation of MCh$38,694 regarding the previous year,
mainly due to the additional dividend paid during June of 2008, and during last
year the payment of the additional dividend was carried out during the month of
July 2007. </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Investment activities generated a negative cash flow of
MCh$30,418 with a negative variation of MCh$29,775 regarding the previous year,
mainly because during the first half of 2007 income was collected from the sale
of financial investments which did not occur during the first half of 2008 and
also additions to property, plant and equipment during 2008 are greater than
those recoreded during the same period of 2007. </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>44</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; 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, 2008 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; PADDING-LEFT: 24px; MARGIN-BOTTOM: -16px">Chilean
peso:</P>
<P style="PADDING-LEFT: 24px; MARGIN: 0px; TEXT-INDENT: 165px">35%</P>
<P style="MARGIN-TOP: 0px; PADDING-LEFT: 24px; MARGIN-BOTTOM: -16px">Brazilian
real:</P>
<P style="PADDING-LEFT: 24px; MARGIN: 0px; TEXT-INDENT: 165px">44%</P>
<P style="MARGIN-TOP: 0px; PADDING-LEFT: 24px; MARGIN-BOTTOM: -16px">Argentine
peso:</P>
<P style="PADDING-LEFT: 24px; MARGIN: 0px; TEXT-INDENT: 165px">21%</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 30% and 35% 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="MARGIN: 0px"><B>Material Events </B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">During the period between January 1, 2008 and June 30,
2008, the following material events were filed: </P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px"><B><U>New Bottler Agreement with Coca-Cola </U></B></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px">Embotelladora Andina S.A. signed a new Bottler Agreement
for its Chilean operations for a term of 5 years beginning January 1, 2008.</P>
<P style="MARGIN: 0px" align=justify>The new agreement, called NEWBA, does not
significantly differ from the agreement previously signed by Andina&#180;s bottlers
in the other countries where it has operations.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B><U>Regular Shareholders&#146; Meeting
Resolutions</U></B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The following was resolved at the Regular
General Shareholders&#146; Meeting of Embotelladora Andina S.A., held yesterday,
April 15, 2008 (hereinafter the &#147;Meeting&#148;), among other matters:</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 48px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -24px"
align=justify>1.</P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px" align=justify>The distribution of the
following amounts as <B>Final Dividend N&#176; 160</B>, on account of the fiscal year
ending December 31, 2007: </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>45</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 90px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px; FONT-FAMILY: Symbol"
align=justify>&#183;</P>
<P style="PADDING-LEFT: 90px; MARGIN: 0px" align=justify>Ch$9.130 (nine pesos
and one hundred and thirty cents) per Series A shares; and </P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 90px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px; FONT-FAMILY: Symbol"
align=justify>&#183;</P>
<P style="PADDING-LEFT: 90px; MARGIN: 0px" align=justify>Ch$10.043 (ten pesos
and forty three cents) per Series B shares. &nbsp;</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px" align=justify>This dividend will be
available to shareholders beginning <B>April 24, 2008</B>. Regarding payment of
this dividend, the Shareholders&#146; Registry will close on April 18, 2008. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 48px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -24px"
align=justify>2.</P>
<P style="PADDING-LEFT: 48px; MARGIN: 0px" align=justify>The distribution of an
<B>Additional</B> <B>Dividend N&#176; 161</B> on account of retained earnings: </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 90px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px; FONT-FAMILY: Symbol"
align=justify>&#183;</P>
<P style="PADDING-LEFT: 90px; MARGIN: 0px" align=justify>Ch$60.00 (sixty pesos)
per Series A shares; and </P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 90px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -18px; FONT-FAMILY: Symbol"
align=justify>&#183;</P>
<P style="PADDING-LEFT: 90px; MARGIN: 0px" align=justify>Ch$66.00 (sixty six
pesos) per Series B shares. &nbsp;</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px" align=justify>This dividend will be
available to shareholders beginning <B>May 14, 2008</B>. Regarding payment of
this</P>
<P style="PADDING-LEFT: 47px; MARGIN: 0px" align=justify>dividend, the
Shareholders Registry will close on May 8, 2008.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B><U>Board Appointments and
Committees</U></B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>The following resolutions were adopted at
the Regular Board of Directors Meeting held April 22, 2008:</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 95px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -48px"
align=justify>1.</P>
<P style="PADDING-LEFT: 95px; MARGIN: 0px" align=justify>Mr.<B> Arturo Majlis
Albala</B> was appointed new <B>Vice-Chairman of the Board</B> of the
Company.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 95px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -48px"
align=justify>2.</P>
<P style="PADDING-LEFT: 95px; MARGIN: 0px" align=justify>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" align=justify><BR></P>
<P style="PADDING-LEFT: 95px; MARGIN: 0px" align=justify>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" align=justify><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 95px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -48px"
align=justify>3.</P>
<P style="PADDING-LEFT: 95px; MARGIN: 0px" align=justify>Also elected was the
<B><U>Director&#146;s Committee in accordance with Article 50-bis</U></B> of Chilean
Corporate Law, comprised of the regular directors <B>Juan Claro Gonz&#225;lez,
Salvador Said Somavia </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" align=justify><BR></P>
<P
style="MARGIN-TOP: 0px; PADDING-LEFT: 95px; MARGIN-BOTTOM: -16px; TEXT-INDENT: -48px"
align=justify>4.</P>
<P style="PADDING-LEFT: 95px; MARGIN: 0px" align=justify>Additionally, <B>Juan
Claro Gonz&#225;lez, Salvador Said Somav&#237;a</B> and <B>Heriberto Urz&#250;a S&#225;nchez</B>
were appointed members of the <B><U>U.S. Sarbanes-Oxley Audit Committee</U></B>.
&nbsp;Mr. Claro will continue to be the Chairman of this Committee.</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><B><U>Acquisition or Sale of Assets or
Shares </U></B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify>On June 3, 2008 Embotelladora Andina S.A.
together with Coca-Cola Embonor S.A. and Coca-Cola Polar S.A. (hereinafter the
&#147;Bottlers&#148;) acquired 100% of the shares of Embotelladoras del Sur S.A. by means
of a Stock Purchase Agreement among the Bottlers, Malter&#237;as Unidas S.A. and Mr.
Eduardo Chadwick Claro. &nbsp;Of the total percentage, Embotelladora Andina S.A.
acquired 48% of the shares of Embotelladoras del Sur S.A. for a total of
Ch$753,581,576. &nbsp;&nbsp;&nbsp;Simultaneous to the Purchase Agreement, the
Bottlers entered into a Shareholders&#146; Agreement in order to regulate their
participation in Embotelladoras del Sur S.A. </P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>46</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=justify><B><U>Dividends Distributed during the
period ended June 30, 2008 </U></B></P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px" align=justify><BR></P><A name=OLE_LINK3></A><A
name=OLE_LINK4></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=100></TD>
<TD width=142></TD>
<TD width=175></TD>
<TD width=260></TD></TR>
<TR>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=top width=100>
<P style="MARGIN: 0px"><B>Number</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=top width=142>
<P style="MARGIN: 0px"><B>Payment date</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=top width=175>
<P style="MARGIN: 0px"><B>Ch$ per Series A shares</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=top width=260>
<P style="MARGIN: 0px"><B>Ch$ per Series B
shares</B></P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px"><B>159</B></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">January 24
2008</P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 236px">&nbsp;&nbsp;&nbsp;</P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 283px">&nbsp;&nbsp;7.00</P>
<P style="MARGIN: 0px; TEXT-INDENT: 425px">&nbsp;&nbsp;&nbsp;&nbsp;7.70</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px"><B>160</B></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">April 24
2008</P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 283px">&nbsp;&nbsp;9.13</P>
<P style="MARGIN: 0px; TEXT-INDENT: 425px">10.043</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px"><B>161</B></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">May 14
2008</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 283px">60.00</P>
<P style="MARGIN: 0px; TEXT-INDENT: 425px">&nbsp;&nbsp;66.00</P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px"><B>162</B></P>
<P style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 94px">July 31
2008</P>
<P
style="MARGIN-TOP: 0px; MARGIN-BOTTOM: -16px; TEXT-INDENT: 283px">&nbsp;&nbsp;7.00</P>
<P style="MARGIN: 0px; TEXT-INDENT: 425px">&nbsp;&nbsp;&nbsp;&nbsp;7.70</P>
<P style="MARGIN: 0px" align=justify><BR></P>
<P style="MARGIN: 0px"><BR></P>
<P style="PADDING-RIGHT: 6px; MARGIN: 0px">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.</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>47</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:J189></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=230></TD>
<TD width=53></TD>
<TD width=52></TD>
<TD width=53></TD>
<TD width=38></TD>
<TD width=52></TD>
<TD width=52></TD>
<TD width=52></TD>
<TD width=38></TD>
<TD width=48></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Embotelladora
Andina S.A.</B></P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=283 colSpan=2>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Second
Quarter Results for the period ended June 30, Chilean GAAP</B></P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>(In
millions of constant 06/30/08 Chilean Pesos, except per share)</B></P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<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=198 colSpan=4>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>6/30/2008</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=196 colSpan=4>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>6/30/2007</I></B></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; FONT-FAMILY: Arial Narrow"
align=center><B><I></I></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Chilean Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Brazilian Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Argentine Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B><I>Total (2)</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Chilean Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Brazilian Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Argentine Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Total (2)</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
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=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>VOLUME
TOTAL BEVERAGES (Million UC)</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>33.4</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>38.4</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>25.4</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>97.2</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>31.9</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>39.9</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>23.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>95.6</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>1.7%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">&nbsp;&nbsp;Soft
Drink</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>27.0</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>35.8</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>25.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>87.9</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>26.5</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>37.7</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>23.6</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>87.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.1%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">&nbsp;&nbsp;Mineral
Water</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>2.5</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.6</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.2</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>3.4</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>2.0</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.5</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.2</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>2.7</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>26.9%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">&nbsp;&nbsp;Juices</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>3.9</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.9</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>4.9</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>3.4</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.8</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>4.2</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>16.4%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">&nbsp;&nbsp;Beer</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1.0</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>1.0</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.9</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>0.9</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>19.2%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow">&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NET
SALES</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>57,180</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>73,911</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>34,519</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>165,145</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>54,465</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>68,094</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>29,798</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>151,292</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>9.2%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;COST
OF SALES</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(33,347)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(38,088)</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(21,263)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(92,233)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(31,154)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(37,199)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(19,036)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(86,325)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>6.8%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>GROSS
PROFIT</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>23,833</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>35,823</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>13,256</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>72,912</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>23,311</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>30,895</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>10,762</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>64,967</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>12.2%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Gross
Margin</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>41.7%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>48.5%</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>38.4%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>44.2%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>42.8%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>45.4%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>36.1%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>42.9%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;SELLING
AND ADMINISTRATIVE EXPENSES</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(12,914)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(26,604)</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(11,445)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(50,963)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(11,994)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(21,282)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(9,120)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(42,397)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>20.2%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;CORPORATE
EXPENSES (4)</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(519)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(517)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.4%</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>OPERATING
INCOME</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>10,919</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>9,219</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>1,811</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>21,430</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>11,317</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>9,612</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>1,641</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>22,054</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; FONT-FAMILY: Arial Narrow"
align=right><B>-2.8%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Operating
Margin</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>19.1%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>12.5%</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>5.2%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>13.0%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>20.8%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>14.1%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>5.5%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>14.6%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>EBITDA
(1)</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>14,764</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>12,077</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>3,661</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>29,983</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>14,614</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>12,484</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>3,529</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>30,111</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>-0.4%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Ebitda
Margin</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>25.8%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>16.3%</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>10.6%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>18.2%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>26.8%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>18.3%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>11.8%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>19.9%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NON
OPERATIONAL RESULTS</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;FINANCIAL
EXPENSE/INCOME (Net)</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(10,929)</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>2,216</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-593.2%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;RESULTS
FROM AFFILIATED</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1,946</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(455)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>528.1%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;AMORTIZATION
OF GOODWILL</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(1,578)</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(1,758)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-10.3%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;OTHER
INCOME/(EXPENSE)</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(4,218)</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1,267</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-433.0%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;PRICE
LEVEL RESTATEMENT (3)</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>13,927</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(3,540)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>493.5%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NON-OPERATING
RESULTS</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>(851)</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>(2,270)</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>-62.5%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=top width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>INCOME
BEFORE INCOME TAXES; AMORTIZATION OF </B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NEGATIVE
GOODWILL AND MINORITY INTEREST</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>20,579</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>19,784</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>4.0%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>INCOME
TAXES</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(3,004)</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(5,911)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-49.2%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>MINORITY
INTEREST</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>37</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>18</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>AMORTIZATION
OF NEGATIVE GOODWILL</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>z</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</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; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NET
INCOME</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>17,612</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>13,891</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>26.8%</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=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Net
Margin</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>10.7%</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>9.2%</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; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<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=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<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=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>WEIGHTED
AVERAGE SHARES OUTSTANDING</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>760.3</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>760.3</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; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>EARNINGS
PER SHARE</B></P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>23.2</B></P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>18.3</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
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=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>EARNINGS
PER ADS</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>139.0</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>109.6</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; FONT-FAMILY: Arial Narrow"
align=right><B>26.8%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">(1)
EBITDA: Operating Income + Depreciation</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=336 colSpan=3>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">(2)
Total may be different from the addition of the three countries because of
intercountry eliminations</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=428 colSpan=5>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">(3)
Includes: Monetary Correction + Conversion Effect to Balance Sheet +
Income Statement Accounts + Exchange rate gains &amp; losses.</P></TD>
<TD vAlign=bottom width=52>
<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=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">(4)
Corporate expenses partially reclassified to the operations.</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>48</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; 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=230></TD>
<TD width=53></TD>
<TD width=52></TD>
<TD width=53></TD>
<TD width=38></TD>
<TD width=52></TD>
<TD width=52></TD>
<TD width=52></TD>
<TD width=38></TD>
<TD width=48></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Embotelladora
Andina S.A.</B></P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=283 colSpan=2>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Second
Quarter Results for the period ended June 30, Chilean GAAP</B></P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>(In
million nominal US$, except per share)</B></P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B>Exch. Rate &nbsp;:</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B>$ 526.05 eop</B></P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B>Exch. Rate &nbsp;:</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B>$ 526.86 eop</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=198
colSpan=4>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>6/30/2008</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=196 colSpan=4>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>6/30/2007</I></B></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; FONT-FAMILY: Arial Narrow"
align=center><B><I></I></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Chilean Operations</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Brazilian Operations</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Argentine Operations</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Total (2)</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Chilean Operations</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Brazilian Operations</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Argentine Operations</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Total (2)</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>% Ch.</I></B></P></TD></TR>
<TR>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>VOLUME
TOTAL BEVERAGES (Million UC)</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>33.4</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>38.4</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>25.4</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>97.2</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>31.9</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>39.9</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>23.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>95.6</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>1.7%</B></P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">&nbsp;&nbsp;Soft
Drink</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>27.0</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>35.8</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>25.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>87.9</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>26.5</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>37.7</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>23.6</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>87.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.1%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">&nbsp;&nbsp;Mineral
Water</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>2.5</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.6</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.2</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>3.4</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>2.0</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.5</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.2</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>2.7</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>26.9%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">&nbsp;&nbsp;Juices</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>3.9</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.9</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>4.9</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>3.4</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.8</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>4.2</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>16.4%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">&nbsp;&nbsp;Beer</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1.0</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>1.0</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.9</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>0.9</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>19.2%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow">&nbsp;</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NET
SALES</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>108.7</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>140.5</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>65.6</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>313.9</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>94.9</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>118.7</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>51.9</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>263.7</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>19.1%</B></P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;COST
OF SALES</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(63.4)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(72.4)</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(40.4)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(175.3)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(54.3)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(64.8)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(33.2)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(150.5)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>16.5%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>GROSS
PROFIT</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>45.3</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>68.1</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>25.2</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>138.6</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>40.6</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>53.8</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>18.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>113.2</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>22.4%</B></P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Gross
Margin</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>41.7%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>48.5%</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>38.4%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>44.2%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>42.8%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>45.4%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>36.1%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>42.9%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;SELLING
AND ADMINISTRATIVE EXPENSES</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(24.5)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(50.6)</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(21.8)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(96.9)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(20.9)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(37.1)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(15.9)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(73.9)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>31.1%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;CORPORATE
EXPENSES (4)</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(1.0)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(0.9)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>9.5%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>OPERATING
INCOME</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>20.8</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>17.5</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>3.4</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>40.7</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>19.7</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>16.8</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>2.9</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>38.4</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; FONT-FAMILY: Arial Narrow"
align=right><B>6.0%</B></P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Operating
Margin</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>19.1%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>12.5%</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>5.2%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>13.0%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>20.8%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>14.1%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>5.5%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>14.6%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>EBITDA
(1)</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>28.1</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>23.0</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>7.0</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>57.0</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>25.5</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>21.8</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>6.2</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>52.5</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>8.6%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Ebitda
Margin</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>25.8%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>16.3%</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>10.6%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>18.2%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>26.8%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>18.3%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>11.8%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>19.9%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NON
OPERATIONAL RESULTS</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;FINANCIAL
EXPENSE/INCOME (Net)</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(20.8)</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>3.9</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-637.9%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;RESULTS
FROM AFFILIATED</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>3.7</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(0.8)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>566.9%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;AMORTIZATION
OF GOODWILL</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(3.0)</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(3.1)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-2.1%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;OTHER
INCOME/(EXPENSE)</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(8.0)</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>2.2</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-463.2%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;PRICE
LEVEL RESTATEMENT (3)</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>26.5</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
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; FONT-FAMILY: Arial Narrow"
align=right>529.1%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NON-OPERATING
RESULTS</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>(1.6)</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>(4.0)</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>-59.1%</B></P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"><B></B>&nbsp;</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>INCOME
BEFORE INCOME TAXES; AMORTIZATION OF </B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NEGATIVE
GOODWILL AND MINORITY INTEREST</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>39.1</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>34.5</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>13.5%</B></P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"><B></B>&nbsp;</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>INCOME
TAXES</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(5.7)</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(10.3)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-44.6%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>MINORITY
INTEREST</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.1</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
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; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>AMORTIZATION
OF NEGATIVE GOODWILL</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</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; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NET
INCOME</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>33.5</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>24.2</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>38.3%</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=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Net
Margin</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>10.7%</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>9.2%</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; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<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=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>WEIGHTED
AVERAGE SHARES OUTSTANDING</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>760.3</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>760.3</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; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>EARNINGS
PER SHARE</B></P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>0.04</B></P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>0.03</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
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=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>EARNINGS
PER ADS</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>0.26</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>0.19</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; FONT-FAMILY: Arial Narrow"
align=right><B>38.3%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">(1)
EBITDA: Operating Income + Depreciation</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=336 colSpan=3>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">(2)
Total may be different from the addition of the three countries because of
intercountry eliminations</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=428 colSpan=5>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">(3)
Includes: Monetary Correction + Conversion Effect to Balance Sheet +
Income Statement Accounts + Exchange rate gains &amp; losses.</P></TD>
<TD vAlign=bottom width=52>
<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=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">(4)
Corporate expenses partially reclassified to the operations.</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>49</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; 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=229></TD>
<TD width=52></TD>
<TD width=51></TD>
<TD width=52></TD>
<TD width=47></TD>
<TD width=51></TD>
<TD width=51></TD>
<TD width=51></TD>
<TD width=38></TD>
<TD width=47></TD></TR>
<TR>
<TD vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Embotelladora
Andina S.A.</B></P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<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=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Six
Months Results for the period ended June 30, Chilean GAAP</B></P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<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=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>(In
millions of constant 06/30/08 Chilean Pesos, except per share)</B></P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<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=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=229>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<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=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=229>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<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=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=229>
<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=203 colSpan=4>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>6/30/2008</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=193 colSpan=4>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>6/30/2007</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=47>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B><I></I></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=229>
<P>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Chilean Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Brazilian Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Argentine Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Total (2)</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Chilean Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Brazilian Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Argentine Operations</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Total (2)</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
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=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>VOLUME
TOTAL BEVERAGES (Million UC)</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>75.7</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>83.8</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>58.3</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>217.8</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>70.7</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>84.2</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>54.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>209.7</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>3.9%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">&nbsp;&nbsp;Soft
Drink</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>60.6</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>78.4</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>57.5</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>196.4</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>58.3</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>79.8</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>54.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>192.2</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>2.2%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">&nbsp;&nbsp;Mineral
Water</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>7.8</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1.5</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.6</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>10.0</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>6.0</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1.0</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.5</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>7.5</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>31.9%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">&nbsp;&nbsp;Juices</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>7.3</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1.8</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.2</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>9.3</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>6.4</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1.5</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>8.0</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>16.4%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">&nbsp;&nbsp;Beer</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>2.1</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>2.1</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1.9</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>1.9</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>13.3%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow">&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NET
SALES</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>125,859</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>157,826</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>76,759</B></P></TD>
<TD vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>359,349</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>120,337</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>138,703</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>66,223</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>323,285</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>11.2%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;COST
OF SALES</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(71,885)</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(79,347)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(46,062)</P></TD>
<TD vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(196,199)</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(67,466)</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(77,358)</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(41,184)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(184,030)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>6.6%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>GROSS
PROFIT</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>53,974</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>78,479</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>30,698</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>163,150</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>52,871</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>61,345</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>25,039</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>139,255</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>17.2%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Gross
Margin</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>42.9%</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>49.7%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>40.0%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>45.4%</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>43.9%</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>44.2%</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>37.8%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>43.1%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;SELLING
AND ADMINISTRATIVE EXPENSES</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(28,061)</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(53,389)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(22,411)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(103,861)</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(25,310)</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(41,462)</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(18,222)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(84,994)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>22.2%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;CORPORATE
EXPENSES (4)</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(1,172)</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(1,103)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>6.2%</P></TD></TR>
<TR>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>OPERATING
INCOME</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>25,913</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>25,090</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>8,286</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>58,117</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>27,561</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>19,883</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>6,818</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>53,158</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>9.3%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Operating
Margin</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>20.6%</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>15.9%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>10.8%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>16.2%</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>22.9%</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>14.3%</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>10.3%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>16.4%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>EBITDA
(1)</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>33,402</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>30,804</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>11,873</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>74,907</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>33,992</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>25,460</B></P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>10,623</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>68,973</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>8.6%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Ebitda
Margin</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>26.5%</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>19.5%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>15.5%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>20.8%</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>28.2%</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>18.4%</P></TD>
<TD vAlign=bottom width=51>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>16.0%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>21.3%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NON
OPERATIONAL RESULTS</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;FINANCIAL
EXPENSE/INCOME (Net)</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(7,016)</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1,186</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-691.8%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;RESULTS
FROM AFFILIATED</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>348</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>204</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>70.7%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;AMORTIZATION
OF GOODWILL</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(3,156)</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(3,516)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-10.3%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;OTHER
INCOME/(EXPENSE)</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(1,780)</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(216)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>724.8%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;PRICE
LEVEL RESTATEMENT (3)</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>3,687</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(2,162)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>270.6%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NON-OPERATING
RESULTS</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>(7,917)</B></P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>(4,504)</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>75.8%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=top width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>INCOME
BEFORE INCOME TAXES; AMORTIZATION OF </B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NEGATIVE
GOODWILL AND MINORITY INTEREST</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>50,200</B></P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>48,654</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>3.2%</B></P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>INCOME
TAXES</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(11,752)</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(10,480)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>12.1%</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>MINORITY
INTEREST</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>8</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(42)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>AMORTIZATION
OF NEGATIVE GOODWILL</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
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=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NET
INCOME</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>38,457</B></P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>38,131</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>0.9%</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=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Net
Margin</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>10.7%</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>11.8%</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=47>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=229>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=47>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=47>
<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=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>WEIGHTED
AVERAGE SHARES OUTSTANDING</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>760.3</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>760.3</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>EARNINGS
PER SHARE</B></P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>50.6</B></P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>50.2</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=47>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
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=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>EARNINGS
PER ADS</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=47>
<P
style="PADDING-RIGHT: 9px; FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>303.5</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=51>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>300.9</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=47>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>0.9%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">(1)
EBITDA: Operating Income + Depreciation</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<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=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=333 colSpan=3>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">(2)
Total may be different from the addition of the three countries because of
intercountry eliminations</P></TD>
<TD vAlign=bottom width=52>
<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=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=433 colSpan=5>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">(3)
Includes: Monetary Correction + Conversion Effect to Balance Sheet +
Income Statement Accounts + Exchange rate gains &amp; losses.</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=229>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">(4)
Corporate expenses partially reclassified to the operations.</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<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=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=51>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=47>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>50</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; 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=230></TD>
<TD width=53></TD>
<TD width=52></TD>
<TD width=53></TD>
<TD width=38></TD>
<TD width=52></TD>
<TD width=52></TD>
<TD width=52></TD>
<TD width=38></TD>
<TD width=48></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Embotelladora
Andina S.A.</B></P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Six
Months Results for the period ended June 30, Chilean GAAP</B></P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>(In
million nominal US$, except per share)</B></P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B>Exch. Rate &nbsp;:</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B>$ 526.05 eop</B></P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B>Exch. Rate &nbsp;:</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B>$ 526.86 eop</B></P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<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=198 colSpan=4>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>6/30/2008</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=196 colSpan=4>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>6/30/2007</I></B></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; FONT-FAMILY: Arial Narrow"
align=center><B><I></I></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Chilean Operations</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Brazilian Operations</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Argentine Operations</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Total (2)</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Chilean Operations</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Brazilian Operations</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Argentine Operations</I></B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>Total (2)</I></B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B><I>% Ch.</I></B></P></TD></TR>
<TR>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>VOLUME
TOTAL BEVERAGES (Million UC)</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>75.7</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>83.8</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>58.3</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>217.8</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>70.7</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>84.2</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>54.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>209.7</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>3.9%</B></P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">&nbsp;&nbsp;Soft
Drink</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>60.6</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>78.4</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>57.5</P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>196.4</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>58.3</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>79.8</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>54.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>192.2</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>2.2%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">&nbsp;&nbsp;Mineral
Water</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>7.8</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1.5</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.6</P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>10.0</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>6.0</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1.0</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.5</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>7.5</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>31.9%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">&nbsp;&nbsp;Juices</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>7.3</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1.8</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.2</P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>9.3</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>6.4</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1.5</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>8.0</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>16.4%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">&nbsp;&nbsp;Beer</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>2.1</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>2.1</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1.9</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>1.9</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>13.3%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow">&nbsp;</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NET
SALES</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>239.3</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>300.0</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>145.9</B></P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>683.1</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>209.7</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>241.7</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>115.4</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>563.5</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>21.2%</B></P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;COST
OF SALES</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(136.7)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(150.8)</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(87.6)</P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(373.0)</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(117.6)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(134.8)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(71.8)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(320.7)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>16.3%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>GROSS
PROFIT</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>102.6</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>149.2</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>58.4</B></P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>310.1</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>92.1</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>106.9</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>43.6</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>242.7</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>27.8%</B></P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Gross
Margin</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>42.9%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>49.7%</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>40.0%</P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>45.4%</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>43.9%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>44.2%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>37.8%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>43.1%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;SELLING
AND ADMINISTRATIVE EXPENSES</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(53.3)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(101.5)</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(42.6)</P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(197.4)</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(44.1)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(72.3)</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(31.8)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(148.1)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>33.3%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;CORPORATE
EXPENSES (4)</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(2.2)</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(1.9)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>15.8%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>OPERATING
INCOME</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>49.3</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>47.7</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>15.8</B></P></TD>
<TD vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>110.5</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>48.0</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>34.7</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>11.9</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>92.6</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; FONT-FAMILY: Arial Narrow"
align=right><B>19.2%</B></P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Operating
Margin</P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>20.6%</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>15.9%</P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>10.8%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>16.2%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>22.9%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>14.3%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>10.3%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>16.4%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>EBITDA
(1)</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>63.5</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>58.6</B></P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>22.6</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>142.4</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>59.2</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>44.4</B></P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>18.5</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>120.2</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>18.5%</B></P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Ebitda
Margin</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>26.5%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>19.5%</P></TD>
<TD vAlign=bottom width=53>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>15.5%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>20.8%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>28.2%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>18.4%</P></TD>
<TD vAlign=bottom width=52>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>16.0%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>21.3%</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NON
OPERATIONAL RESULTS</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&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=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;FINANCIAL
EXPENSE/INCOME (Net)</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(13.3)</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>2.1</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-745.4%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;RESULTS
FROM AFFILIATED</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.7</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.4</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>86.2%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;AMORTIZATION
OF GOODWILL</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(6.0)</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(6.1)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-2.1%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;OTHER
INCOME/(EXPENSE)</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(3.4)</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(0.4)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>799.5%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>&nbsp;&nbsp;PRICE
LEVEL RESTATEMENT (3)</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>7.0</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(3.8)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>286.0%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NON-OPERATING
RESULTS</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>(15.0)</B></P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>(7.9)</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>91.7%</B></P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"><B></B>&nbsp;</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&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=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>INCOME
BEFORE INCOME TAXES; AMORTIZATION OF </B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&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=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NEGATIVE
GOODWILL AND MINORITY INTEREST</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>95.4</B></P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>84.8</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>12.5%</B></P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"><B></B>&nbsp;</P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&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=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>INCOME
TAXES</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(22.3)</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(18.3)</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>22.3%</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>MINORITY
INTEREST</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
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; FONT-FAMILY: Arial Narrow"
align=right>NA</P></TD></TR>
<TR>
<TD style="BORDER-LEFT: #000000 1px solid" vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>AMORTIZATION
OF NEGATIVE GOODWILL</B></P></TD>
<TD style="BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0</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; FONT-FAMILY: Arial Narrow"
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=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>NET
INCOME</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>73.1</B></P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>66.5</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>10.0%</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=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Net
Margin</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>10.7%</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>11.8%</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; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=48>
<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=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>WEIGHTED
AVERAGE SHARES OUTSTANDING</B></P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>760.3</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>760.3</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-RIGHT: #000000 1px solid; BORDER-LEFT: #000000 1px solid"
vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>EARNINGS
PER SHARE</B></P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>0.10</B></P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>0.09</B></P></TD>
<TD style="BORDER-RIGHT: #000000 1px solid" vAlign=bottom width=48>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
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=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>EARNINGS
PER ADS</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=53>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=center><B></B>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>0.58</B></P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=52>
<P style="FONT-SIZE: 6pt; MARGIN: 0px; FONT-FAMILY: Arial Narrow"
align=right><B></B>&nbsp;</P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=38>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>0.52</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; FONT-FAMILY: Arial Narrow"
align=right><B>10.0%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">(1)
: Operating Income + Depreciation</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=336 colSpan=3>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">(2)
Total may be different from the addition of the three countries because of
intercountry eliminations</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=428 colSpan=5>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">(3)
Includes: Monetary Correction + Conversion Effect to Balance Sheet +
Income Statement Accounts + Exchange rate gains &amp; losses.</P></TD>
<TD vAlign=bottom width=52>
<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=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=230>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">(4)
Corporate expenses partially reclassified to the operations.</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=53>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<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=52>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=38>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=48>
<P>&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; LINE-HEIGHT: 13pt" align=center>51</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="MARGIN: 0px"><BR></P><A name=RANGE!A1:I42></A>
<TABLE style="FONT-SIZE: 10pt" cellSpacing=0>
<TR style="FONT-SIZE: 0px">
<TD width=168></TD>
<TD width=49></TD>
<TD width=49></TD>
<TD width=40></TD>
<TD width=13></TD>
<TD width=207></TD>
<TD width=49></TD>
<TD width=49></TD>
<TD width=45></TD></TR>
<TR>
<TD vAlign=bottom width=673 colSpan=9>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B>Embotelladora Andina S.A.</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<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=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<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=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=673 colSpan=9>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B>Consolidated Balance Sheet</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=673 colSpan=9>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B>(In million of constant 06/30/08 Chilean
Pesos)</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<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=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>ASSETS</B></P></TD>
<TD
style="BORDER-TOP: #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; FONT-FAMILY: Arial Narrow"
align=right><B>6/30/2008</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>6/30/2007</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=40>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>%Ch</B></P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>LIABILITIES
&amp; SHAREHOLDERS' EQUITY</B></P></TD>
<TD
style="BORDER-TOP: #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; FONT-FAMILY: Arial Narrow"
align=right><B>6/30/2008</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>6/30/2007</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>%Ch</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<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=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Cash
+ Time deposits + market. Securit.</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>103,092</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>84,480</P></TD>
<TD vAlign=bottom width=40>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>22.0%</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Short
term bank liabilities</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>7,299</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>369</P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1879.2%</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Account
receivables (net)</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>53,923</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>42,329</P></TD>
<TD vAlign=bottom width=40>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>27.4%</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Current
portion of long term bank liabilities</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>141</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0</P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.0%</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Inventories</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>27,102</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>25,331</P></TD>
<TD vAlign=bottom width=40>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>7.0%</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Current
portion of bonds payable</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>420</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>32,624</P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-98.7%</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Other
current assets</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>18,623</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>33,378</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=40>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-44.2%</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Trade
accounts payable and notes payable</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>64,030</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>104,377</P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-38.7%</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Total
Current Assets</B></P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>202,741</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>185,518</B></P></TD>
<TD vAlign=bottom width=40>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>9.3%</B></P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Other
liabilities</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>26,704</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>20,599</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>29.6%</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<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=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Total
Current Liabilities</B></P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>98,593</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>157,969</B></P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>-37.6%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Property,
plant and equipment</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>617,510</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>591,507</P></TD>
<TD vAlign=bottom width=40>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>4.4%</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Depreciation</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(428,229)</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>(429,424)</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=40>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-0.3%</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Long
term bank liabilities</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>770</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>848</P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-9.1%</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Total
Property, Plant, and Equipment</B></P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>189,281</B></P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>162,083</B></P></TD>
<TD vAlign=bottom width=40>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>16.8%</B></P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Bonds
payable</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>75,987</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>77,337</P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-1.7%</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<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=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Other
long term liabilities</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>52,280</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>41,235</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>26.8%</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Investment
in related companies</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>24,233</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>22,370</P></TD>
<TD vAlign=bottom width=40>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>8.3%</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Total
Long Term Liabilities</B></P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>129,038</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid" vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>119,420</B></P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>8.1%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Investment
in other companies</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>150</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>62</P></TD>
<TD vAlign=bottom width=40>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>142.7%</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Goodwill</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>57,227</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>69,192</P></TD>
<TD vAlign=bottom width=40>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-17.3%</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Minority
interest</B></P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>1,319</B></P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>1,341</B></P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>-1.6%</B></P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Other
long term assets</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>27,382</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>105,253</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=40>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-74.0%</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Total
Other Assets</B></P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>108,991</B></P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>196,876</B></P></TD>
<TD vAlign=bottom width=40>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>-44.6%</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>Stockholders'
Equity</B></P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>272,064</B></P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>265,748</B></P></TD>
<TD vAlign=bottom width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>2.4%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<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=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<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=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>TOTAL
ASSETS</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>501,013</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>544,478</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=40>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>-8.0%</B></P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD
style="BORDER-TOP: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><B>TOTAL
LIABILITIES &amp; SHAREHOLDERS' EQUITY</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>501,013</B></P></TD>
<TD style="BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>544,478</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=45>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>-8.0%</B></P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<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=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<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=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=628 colSpan=8>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B>Financial Highlights</B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=628 colSpan=8>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=center><B>(In million of constant 06/30/08 Chilean Pesos)</B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<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=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<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=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><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=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>6/30/2008</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>6/30/2007</B></P></TD>
<TD vAlign=bottom width=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"><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=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>6/30/2008</B></P></TD>
<TD
style="BORDER-RIGHT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid"
vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>6/30/2007</B></P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<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=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Chile</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>16,034</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>15,591</P></TD>
<TD vAlign=bottom width=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Financial
Debt / Total Capitalization</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.24</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.29</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Brazil</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>12,695</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>7,872</P></TD>
<TD vAlign=bottom width=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Financial
Debt / EBITDA L12M</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.55</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>0.81</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Argentina</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>2,152</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>1,583</P></TD>
<TD vAlign=bottom width=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">EBITDA
L12M / Interest Expense (net) L12M </P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>17.74</P></TD>
<TD style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right>13.19</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>30,881</B></P></TD>
<TD vAlign=bottom width=49>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow"
align=right><B>25,047</B></P></TD>
<TD vAlign=bottom width=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">L12M:
Last twelve months</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<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=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<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=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=529 colSpan=6>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">*
As June 30, 2008, the company's registered a positive net cash position of
US$ 31 million. Total debt amounted to US$ 165 million.</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<P
style="FONT-SIZE: 6pt; MARGIN: 0px; LINE-HEIGHT: 8pt; FONT-FAMILY: Arial Narrow">Total
Cash amounted to US$ 196 &nbsp;million.</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=49>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<P>&nbsp;</P></TD></TR>
<TR>
<TD vAlign=bottom width=168>
<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=40>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=13>
<P>&nbsp;</P></TD>
<TD vAlign=bottom width=207>
<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=45>
<P>&nbsp;</P></TD></TR></TABLE>
<P style="MARGIN: 0px"><BR></P>
<P style="MARGIN: 0px" align=center><BR><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>52</P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<P style="PAGE-BREAK-BEFORE: always; MARGIN: 0px" align=right><BR></P>
<P style="MARGIN: 0px"><BR></P></DIV>
<DIV style="WIDTH: 664px">
<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</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" align=justify><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt"
align=justify>Santiago, September 10, 2008<A name=_PictureBullets></A></P>
<P style="MARGIN: 0px" align=justify><BR><BR></P>
<P style="FONT-SIZE: 11pt; MARGIN: 0px; LINE-HEIGHT: 13pt" align=center>53</P>
<P
style="MARGIN: 0px"><BR></P></DIV></BODY>
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