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<SEC-DOCUMENT>0000893750-08-000596.txt : 20081113
<SEC-HEADER>0000893750-08-000596.hdr.sgml : 20081113
<ACCEPTANCE-DATETIME>20081113063243
ACCESSION NUMBER:		0000893750-08-000596
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20081112
FILED AS OF DATE:		20081113
DATE AS OF CHANGE:		20081113

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:		081182731

	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>form6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Form 6-K</TITLE>
<META NAME="author" CONTENT="STB">
<META NAME="date" CONTENT="11/12/2008">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:664.933px"><P style="line-height:20pt; margin:0px; font-size:18pt" align=center><B>UNITED STATES</B></P>
<P style="line-height:20pt; margin:0px; font-size:18pt" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><B>WASHINGTON, D.C. 20549</B></P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px" align=center>__________________________</P>
<P style="margin:0px">&nbsp;</P>
<P style="line-height:20pt; margin:0px; font-size:18pt" align=center><B>FORM 6-K</B></P>
<P style="margin:0px">&nbsp;</P>
<P style="margin:0px" align=center>__________________________</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>REPORT OF FOREIGN ISSUER</B></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>PURSUANT TO RULE 13a-16 OR 15b-16 OF</B></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>
<P style="margin:0px"><B>&nbsp;</B></P>
<P style="margin:0px" align=center><B>November 2008</B></P>
<P style="margin:0px" align=center>Date of Report (Date of Earliest Event Reported)</P>
<P style="margin:0px" align=center>__________________________</P>
<P style="line-height:18pt; margin:0px; font-size:16pt" 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="line-height:18pt; margin:0px; font-size:16pt" 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="margin:0px; font-size:7.5pt" align=justify>&nbsp;</P>
<P style="margin:0px" 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="margin:0px" align=center>__________________________<BR>
</P>
<P style="line-height:normal; margin:0px" 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; font-size:7.5pt" align=center>&nbsp;</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>
&nbsp;<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>
&nbsp;<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>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>1</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:94.533px"><B>CONSOLIDATED FINANCIAL STATEMENTS</B></P>
<P style="margin:0px; padding-left:94.533px">As of September 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="margin:0px; padding-left:18.867px; text-indent:-18.867px">Consolidated Balance Sheets</P>
<P style="margin:0px; padding-left:18.867px; text-indent:-18.867px">Consolidated Statements of Income</P>
<P style="margin:0px; padding-left:18.867px; text-indent:-18.867px">Consolidated Statements of Cash Flows</P>
<P style="margin:0px; padding-left:18.867px; text-indent:-18.867px">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:47.267px">Ch$</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:94.533px">-</P>
<P style="margin:0px; text-indent:141.8px">Chilean pesos</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:47.267px">ThCh$</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:94.533px">-</P>
<P style="margin:0px; text-indent:141.8px">Thousands of Chilean pesos</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:47.267px">US$</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:94.533px">-</P>
<P style="margin:0px; text-indent:141.8px">United States dollars</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:47.267px">ThUS$</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:94.533px">- </P>
<P style="margin:0px; text-indent:141.8px">Thousands of United States dollars</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:47.267px">R$</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:94.533px">- &nbsp;</P>
<P style="margin:0px; text-indent:141.8px">Brazilian Reais</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:47.267px">ThR$</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:94.533px">-</P>
<P style="margin:0px; text-indent:141.8px">Thousands of Brazilian Reais</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:47.267px">AR$</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:94.533px">- </P>
<P style="margin:0px; text-indent:141.8px">Argentine pesos</P>
<P style="margin-top:0px; margin-bottom:-16px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:47.267px">ThAR$</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:94.533px">-</P>
<P style="margin:0px; text-indent:141.8px">Thousands of Argentine pesos</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:47.267px">UF</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:94.533px">-</P>
<P style="margin:0px; text-indent:141.8px">Unidades de Fomento (Chilean government inflation-indexed monetary units)</P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>2</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Consolidated Balance Sheets</B></P>
<P style="margin:0px">(Figures in ThCh$ of September 30, 2008)</P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=459.333></TD><TD width=107.467></TD><TD width=107.467></TD></TR>
<TR><TD valign=bottom width=459.333><P>&nbsp;</P></TD><TD valign=top width=214.933 colspan=2><P style="margin:0px" align=center><B>&nbsp;For the period ended </B></P>
</TD></TR>
<TR><TD valign=top width=459.333><P style="margin:0px"><B>ASSETS</B></P>
</TD><TD valign=top width=214.933 colspan=2><P style="margin:0px" align=center><B>September 30,</B></P>
</TD></TR>
<TR><TD valign=top width=459.333><P>&nbsp;</P></TD><TD valign=top width=107.467><P style="margin:0px" align=center><B>2008</B></P>
</TD><TD valign=top width=107.467><P style="margin:0px" align=center><B>2007</B></P>
</TD></TR>
<TR><TD valign=top width=459.333><P style="margin:0px"><B>CURRENT ASSETS</B></P>
</TD><TD valign=top width=107.467><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD><TD valign=top width=107.467><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Cash </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>14,173,432</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>31,991,147</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Time deposits </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>53,009,344</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>13,316,938</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Marketable securities (net) &nbsp;</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>40,178,973</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>48,679,235</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Trade accounts receivable (net) </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>31,247,610</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>29,913,974</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Notes receivable (net) </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>9,319,085</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>9,560,890</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Other receivables (net) </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>14,661,227</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>9,301,532</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Notes and accounts receivable from related companies </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>1,725,894</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>671,041</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Inventories (net) </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>28,052,543</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>26,330,946</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Recoverable taxes </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>4,597,810</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>4,060,819</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Prepaid expenses </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>2,976,022</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>2,339,933</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Deferred income taxes </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>5,133,258</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>772,420</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Other current assets </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>7,640,701</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>37,598,844</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px"><B>&nbsp;TOTAL CURRENT ASSETS </B></P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right><B>212,715,899</B></P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right><B>214,537,719</B></P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P>&nbsp;</P></TD><TD valign=bottom width=107.467><P>&nbsp;</P></TD><TD valign=bottom width=107.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px"><B>PROPERTY, PLANT &amp; EQUIPMENT </B></P>
</TD><TD valign=bottom width=107.467><P>&nbsp;</P></TD><TD valign=bottom width=107.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Land </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>19,085,275</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>18,149,585</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Buildings &amp; improvements </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>114,101,626</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>103,155,511</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Machinery and equipment </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>267,217,189</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>244,796,465</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Other property, plant &amp; equipment </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>255,023,582</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>238,697,146</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Technical reappraisal of property, plant &amp; equipment </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>2,361,205</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>2,361,860</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Depreciation </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>(453,574,103)</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>(436,093,658)</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px"><B>&nbsp;TOTAL PROPERTY, PLANT &amp; EQUIPMENT </B></P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right><B>204,214,774</B></P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right><B>171,066,909</B></P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P>&nbsp;</P></TD><TD valign=bottom width=107.467><P>&nbsp;</P></TD><TD valign=bottom width=107.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px"><B>OTHER ASSETS </B></P>
</TD><TD valign=bottom width=107.467><P>&nbsp;</P></TD><TD valign=bottom width=107.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Investments in related companies </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>25,554,418</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>22,558,465</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Investments in other companies </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>126,627</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>62,939</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Goodwill </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>58,308,725</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>65,784,575</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Long-term receivables </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>20,102</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>42,358</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Long-term notes and accounts receivable from related companies </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>46,142</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>39,540</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Intangibles </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>1,455,261</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>445,993</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Amortization </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>(169,464)</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>(282,226)</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px">&nbsp;Others </P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>24,532,525</P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right>43,621,074</P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px"><B>&nbsp;TOTAL OTHER ASSETS </B></P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right><B>109,874,336</B></P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right><B>132,272,718</B></P>
</TD></TR>
<TR><TD valign=bottom width=459.333><P style="margin:0px"><B>TOTAL ASSETS</B></P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right><B>526,805,009</B></P>
</TD><TD valign=bottom width=107.467><P style="margin:0px" align=right><B>517,877,346</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 35 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="line-height:13pt; margin:0px; font-size:11pt" align=center>3</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Consolidated Balance Sheets</B></P>
<P style="margin:0px">(Figures in ThCh$ of September 30, 2008)</P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=455.4></TD><TD width=109.533></TD><TD width=109.333></TD></TR>
<TR><TD valign=bottom width=455.4><P>&nbsp;</P></TD><TD valign=top width=218.867 colspan=2><P style="margin:0px" align=center><B>&nbsp;For the period ended</B></P>
</TD></TR>
<TR><TD valign=top width=455.4><P>&nbsp;</P></TD><TD valign=top width=218.867 colspan=2><P style="margin:0px" align=center><B>September 30,</B></P>
</TD></TR>
<TR><TD valign=top width=455.4><P style="margin:0px"><B>LIABILITIES AND SHAREHOLDERS' EQUITY</B></P>
</TD><TD valign=top width=109.533><P style="margin:0px" align=center><B>2008</B></P>
</TD><TD valign=top width=109.333><P style="margin:0px" align=center><B>2007</B></P>
</TD></TR>
<TR><TD valign=top width=455.4><P>&nbsp;</P></TD><TD valign=top width=109.533><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD><TD valign=top width=109.333><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Short-term bank liabilities </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>10,684,271</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>9,401,622</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Current portion of long-term bank liabilities </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>123,077</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>230,052</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Current portion of bonds payable </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>1,656,078</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>15,770,983</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Dividends payable </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>5,793,196</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>6,332,891</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Accounts payable </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>46,623,380</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>41,633,020</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Other creditors </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>4,734,355</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>4,367,059</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Notes and accounts payable to related companies </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>9,626,255</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>9,096,460</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Provisions </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>3,782,640</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>3,812,046</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Withholdings </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>17,174,704</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>15,239,961</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Income taxes payable </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>2,728,360</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>3,506,404</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Unearned income </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>29,626</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>568,945</P>
</TD></TR>
<TR><TD valign=top width=455.4><P style="margin:0px">&nbsp;Other current liabilities </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>4,470,897</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>6,118,933</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px"><B>&nbsp;TOTAL CURRENT LIABILITIES </B></P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right><B>107,426,839</B></P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right><B>116,078,376</B></P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P>&nbsp;</P></TD><TD valign=bottom width=109.533><P>&nbsp;</P></TD><TD valign=bottom width=109.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=455.4><P>&nbsp;</P></TD><TD valign=bottom width=109.533><P>&nbsp;</P></TD><TD valign=bottom width=109.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Long-term bank liabilities </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>612,758</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>833,537</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Bonds payable </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>77,656,858</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>79,796,660</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Other creditors </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>59,827</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>108,948</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Long-term notes and accounts payable to related companies </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>3,311,487</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>3,818,376</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Provisions </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>16,072,428</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>18,375,053</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Deferred income taxes </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>14,449,262</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>9,749,018</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Other long-term liabilities </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>12,219,706</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>11,410,655</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px"><B>&nbsp;TOTAL LONG-TERM LIABILITIES </B></P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right><B>124,382,326</B></P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right><B>124,092,247</B></P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Minority interest</P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>1,328,682</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>1,364,421</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P>&nbsp;</P></TD><TD valign=bottom width=109.533><P>&nbsp;</P></TD><TD valign=bottom width=109.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Paid-in capital </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>217,013,513</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>220,852,672</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Reserve capital revalued</P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>14,973,932</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>11,263,486</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Other reserves </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>(5,170,057)</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>(9,535,324)</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Accumulated earnings </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>22,738,700</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>11,958,890</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Net income for the period </P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>55,488,278</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>54,213,431</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px">&nbsp;Interim dividends</P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right>(11,377,204)</P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right>(12,410,853)</P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px"><B>&nbsp;TOTAL SHAREHOLDERS&#146; EQUITY </B></P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right><B>293,667,162</B></P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right><B>276,342,302</B></P>
</TD></TR>
<TR><TD valign=bottom width=455.4><P style="margin:0px"><B>&nbsp;TOTAL LIABILITIES &amp; SHAREHOLDERS' EQUITY </B></P>
</TD><TD valign=bottom width=109.533><P style="margin:0px" align=right><B>526,805,009</B></P>
</TD><TD valign=bottom width=109.333><P style="margin:0px" align=right><B>517,877,346</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The accompanying Notes 1 to 35 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="line-height:13pt; margin:0px; font-size:11pt" align=center>4</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Consolidated Statements of Income</B></P>
<P style="margin:0px">(Figures in ThCh$ of September 30, 2008)</P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=427.733></TD><TD width=123.267></TD><TD width=123.267></TD></TR>
<TR><TD valign=bottom width=427.733><P>&nbsp;</P></TD><TD valign=bottom width=246.533 colspan=2><P style="margin:0px" align=center><B>&nbsp;For the period ended </B></P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P>&nbsp;</P></TD><TD valign=bottom width=246.533 colspan=2><P style="margin:0px" align=center><B>September 30,</B></P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P>&nbsp;</P></TD><TD valign=bottom width=123.267><P style="margin:0px" align=center><B>2008</B></P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=center><B>2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P>&nbsp;</P></TD><TD valign=bottom width=123.267><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P>&nbsp;</P></TD><TD valign=bottom width=123.267><P>&nbsp;</P></TD><TD valign=bottom width=123.267><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px">Net sales </P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>249,753,175</P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>208,543,933</P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px">Cost of sales </P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>560,752,663</P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>483,356,908</P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px"><B>Gross margin </B></P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right><B>(310,999,488)</B></P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right><B>(274,812,975)</B></P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px">Administrative and selling expenses </P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>(161,785,252)</P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>(129,277,244)</P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px"><B>OPERATING INCOME </B></P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right><B>87,967,923</B></P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right><B>79,266,689</B></P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P>&nbsp;</P></TD><TD valign=bottom width=123.267><P>&nbsp;</P></TD><TD valign=bottom width=123.267><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=427.733><P>&nbsp;</P></TD><TD valign=bottom width=123.267><P>&nbsp;</P></TD><TD valign=bottom width=123.267><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px">&nbsp;Financial income </P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>9,396,683</P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>17,150,723</P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px">&nbsp;Equity in earnings of equity investments </P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>670,223</P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>711,577</P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px">&nbsp;Other non-operating income </P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>5,868,407</P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>6,589,024</P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px">&nbsp;Equity in losses of equity investments </P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>(5,985)</P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>(409,906)</P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px">&nbsp;Amortization of goodwill </P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>(4,959,328)</P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>(5,106,535)</P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px">&nbsp;Financial expenses </P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>(19,837,505)</P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>(10,948,239)</P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px">&nbsp;Other non-operating expenses </P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>(11,043,501)</P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>(6,375,314)</P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px">&nbsp;Price level restatement </P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>(1,803,927)</P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>418,513</P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px">&nbsp;Foreign exchange gains </P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>5,038,450</P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>(9,886,042)</P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px"><B>&nbsp;NON OPERATING INCOME AND EXPENSE </B></P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right><B>(16,676,483)</B></P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right><B>(7,856,199)</B></P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P>&nbsp;</P></TD><TD valign=bottom width=123.267><P>&nbsp;</P></TD><TD valign=bottom width=123.267><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px"><B>&nbsp;Income before income taxes and extraordinary items </B></P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right><B>71,291,440</B></P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right><B>71,410,490</B></P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px">&nbsp;Income tax expense </P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>(15,849,030)</P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>(17,164,068)</P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px"><B>&nbsp;Income before minority interest </B></P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right><B>55,442,410</B></P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right><B>54,246,422</B></P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px">&nbsp;Minority interest </P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>45,868</P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right>(32,991)</P>
</TD></TR>
<TR><TD valign=bottom width=427.733><P style="margin:0px"><B>&nbsp;NET INCOME FOR THE PERIOD </B></P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right><B>55,488,278</B></P>
</TD><TD valign=bottom width=123.267><P style="margin:0px" align=right><B>54,213,431</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 35 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="line-height:13pt; margin:0px; font-size:11pt" align=center>5</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Consolidated Statements of Cash Flow</B></P>
<P style="margin:0px">(Figures in ThCh$ of September 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:0"><TD width=475.067></TD><TD width=99.533></TD><TD width=99.667></TD></TR>
<TR><TD valign=bottom width=475.067><P>&nbsp;</P></TD><TD valign=top width=199.2 colspan=2><P style="margin:0px" align=center><B>&nbsp;For the period ended </B></P>
</TD></TR>
<TR><TD valign=top width=475.067><P>&nbsp;</P></TD><TD valign=top width=199.2 colspan=2><P style="margin:0px" align=center><B>September 30,</B></P>
</TD></TR>
<TR><TD valign=top width=475.067><P>&nbsp;</P></TD><TD valign=top width=99.533><P style="margin:0px" align=center><B>2008</B></P>
</TD><TD valign=top width=99.667><P style="margin:0px" align=center><B>2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P>&nbsp;</P></TD><TD valign=top width=99.533><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD><TD valign=top width=99.667><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P>&nbsp;</P></TD><TD valign=bottom width=99.533><P>&nbsp;</P></TD><TD valign=bottom width=99.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Collection of trade receivables &nbsp;</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>818,566,116</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>676,958,698</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Financial income received &nbsp;</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>27,669,392</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>10,312,157</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Dividend &amp; other distributions received </P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>1,822,000</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>4,281,368</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Other income received &nbsp;</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>69,112</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>60,169</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Payments to suppliers and personnel &nbsp;</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>(597,501,968)</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>(478,907,512)</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Interest paid &nbsp;&nbsp;</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>(22,609,690)</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>(8,584,505)</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Income taxes paid &nbsp;</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>(21,357,241)</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>(16,010,502)</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Other expenses</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>0</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>(1,476)</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">VAT and other tax payments &nbsp;</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>(113,209,069)</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>(87,034,219)</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px"><B>NET CASH PROVIDED BY OPERATING ACTIVITIES </B></P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right><B>93,448,652</B></P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right><B>101,074,178</B></P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P>&nbsp;</P></TD><TD valign=bottom width=99.533><P>&nbsp;</P></TD><TD valign=bottom width=99.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=475.067><P>&nbsp;</P></TD><TD valign=bottom width=99.533><P>&nbsp;</P></TD><TD valign=bottom width=99.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Borrowings &nbsp;</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>67,940,395</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>26,697,840</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Dividend distribution </P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>(66,844,482)</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>(77,945,804)</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Loan payments </P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>(62,000,671)</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>(19,934,711)</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Bond payments</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>(6,786,301)</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>(24,788,319)</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px"><B>NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES </B></P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right><B>(67,691,059)</B></P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right><B>(95,970,994)</B></P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P>&nbsp;</P></TD><TD valign=bottom width=99.533><P>&nbsp;</P></TD><TD valign=bottom width=99.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Proceeds from sales of property, plant and equipment &nbsp;</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>431,319</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>628,940</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Proceeds from sales of other investments &nbsp;</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>1,041,670</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>84,986,407</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Other investment income</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>86,238</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>0</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Additions to property, plant &amp; equipment </P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>(46,634,769)</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>(43,643,836)</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Investments in financial instruments</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>(17,716,074)</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>(196,109)</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Other investment disbursements</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>(1,251,648)</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>0</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px"><B>NET CASH PROVIDED BY (USED IN) INVESTMENT &nbsp;&nbsp;&nbsp;ACTIVITIES </B></P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right><B>(64,043,264)</B></P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right><B>41,775,402</B></P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P>&nbsp;</P></TD><TD valign=bottom width=99.533><P>&nbsp;</P></TD><TD valign=bottom width=99.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=475.067><P style="margin:0px"><B>TOTAL NET CASH FOR THE PERIOD </B></P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right><B>(38,285,671)</B></P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right><B>46,878,586</B></P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Effect of inflation on cash and cash equivalents </P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>(530,123)</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>72,944</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Net (decrease) increase in cash and cash equivalents &nbsp;</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>(38,815,794)</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>46,951,530</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px">Cash and cash equivalents at beginning of period &nbsp;</P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right>130,919,971</P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right>45,884,927</P>
</TD></TR>
<TR><TD valign=bottom width=475.067><P style="margin:0px"><B>Cash and cash equivalents at end of period </B></P>
</TD><TD valign=bottom width=99.533><P style="margin:0px" align=right><B>92,104,177</B></P>
</TD><TD valign=bottom width=99.667><P style="margin:0px" align=right><B>92,836,457</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 35 are an integral part of these consolidated financial statements.</P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>6</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Reconciliation between Net Income and Net Cash Flows</B></P>
<P style="margin:0px"><B>Provided by Operating Activities</B></P>
<P style="margin:0px">(Figures in ThCh$ of September 30, 2008)</P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=492.267></TD><TD width=91></TD><TD width=91></TD></TR>
<TR><TD valign=top width=492.267><P>&nbsp;</P></TD><TD valign=top width=182 colspan=2><P style="margin:0px" align=center><B>&nbsp;For the period ended </B></P>
</TD></TR>
<TR><TD valign=top width=492.267><P>&nbsp;</P></TD><TD valign=top width=182 colspan=2><P style="margin:0px" align=center><B>September 30,</B></P>
</TD></TR>
<TR><TD valign=top width=492.267><P>&nbsp;</P></TD><TD valign=top width=91><P style="margin:0px" align=center><B>2008</B></P>
</TD><TD valign=top width=91><P style="margin:0px" align=center><B>2007</B></P>
</TD></TR>
<TR><TD valign=top width=492.267><P>&nbsp;</P></TD><TD valign=top width=91><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD><TD valign=top width=91><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD></TR>
<TR><TD valign=top width=492.267><P>&nbsp;</P></TD><TD valign=bottom width=91><P>&nbsp;</P></TD><TD valign=bottom width=91><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px"><B>Net Income</B></P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right><B>55,488,278</B></P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right><B>54,213,431</B></P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px"><B>Income on sale of assets:</B></P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right><B>(140,169)</B></P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right><B>141,893</B></P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Loss (Gain) on sale of property, plant and equipment</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>(129,908)</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>161,060</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Gain on sale of other assets</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>(10,261)</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>(19,167)</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P>&nbsp;</P></TD><TD valign=bottom width=91><P>&nbsp;</P></TD><TD valign=bottom width=91><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px"><B>Adjustments to net income that do not represent movements of cash</B></P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right><B>35,755,452</B></P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right><B>38,737,695</B></P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Depreciation</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>26,462,630</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>23,925,640</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Amortization of intangibles</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>220,286</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>207,638</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Write-offs and provisions</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>830,471</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>901,867</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Equity in earnings of equity investments</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>(670,223)</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>(711,577)</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Equity in losses of equity investments</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>5,985</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>409,906</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Amortization of goodwill</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>4,959,328</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>5,106,535</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Price level restatement</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>1,803,927</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>(418,513)</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Foreign exchange gains, net</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>(5,038,450)</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>9,886,042</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Other credits to income that do not represent cash flows</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>0</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>(1,828,382)</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Other charges to income that do not represent cash flows</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>7,181,498</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>1,258,539</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P>&nbsp;</P></TD><TD valign=bottom width=91><P>&nbsp;</P></TD><TD valign=bottom width=91><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px"><B>Changes in operating assets</B></P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right><B>34,796,269</B></P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right><B>1,321,625</B></P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">(Increase) decrease in trade accounts receivable</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>30,785,099</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>21,884,595</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">(Increase) decrease in inventories</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>1,173,431</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>(2,335,228)</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">(Increase) decrease in other assets</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>2,837,739</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>(18,227,742)</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P>&nbsp;</P></TD><TD valign=bottom width=91><P>&nbsp;</P></TD><TD valign=bottom width=91><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px"><B>Changes in operating liabilities</B></P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right><B>(32,405,310)</B></P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right><B>6,626,543</B></P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Increase (decrease) in accounts payable related to operating income</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>(33,711,246)</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>(14,446,882)</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Increase (decrease) in interest payable</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>23,270,876</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>9,114,247</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Increase (decrease) in income taxes payable</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>(17,251,682)</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>10,056,274</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Increase (decrease) in other accounts payable related to non-operating income</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>(2,440,303)</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>4,035,546</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px">Increase (decrease) in valued added tax and other similar items</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>(2,272,955)</P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right>(2,132,642)</P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P>&nbsp;</P></TD><TD valign=bottom width=91><P>&nbsp;</P></TD><TD valign=bottom width=91><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px"><B>Minority interest</B></P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right><B>(45,868)</B></P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right><B>32,991</B></P>
</TD></TR>
<TR><TD valign=bottom width=492.267><P>&nbsp;</P></TD><TD valign=bottom width=91><P>&nbsp;</P></TD><TD valign=bottom width=91><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=492.267><P style="margin:0px"><B>NET CASH PROVIDED BY OPERATING ACTIVITIES</B></P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right><B>93,448,652</B></P>
</TD><TD valign=bottom width=91><P style="margin:0px" align=right><B>101,074,178</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<A NAME="RANGE!A1:C32"></A><P style="margin:0px">The accompanying Notes 1 to 35 are an integral part of these consolidated financial statements.</P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>7</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" 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 September 30, 2008 and 2007 (figures in ThCh$ of September 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="line-height:6pt; margin:0px"><BR></P>
<P style="margin:0px">The consolidated financial statements cover the period January 1 to September 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="line-height:6pt; margin:0px"><BR></P>
<P style="margin:0px">The consolidated financial statements have been prepared in conformity with generally accepted accounting principles issued by the Chilean Institute of Accountants, as well as rules and regulations of the SVS. &nbsp;In the event of discrepancy, the SVS regulations will prevail. </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px">c)</P>
<P style="margin:0px; text-indent:24px">Basis of presentation</P>
<P style="line-height:6pt; margin:0px"><BR></P>
<P style="margin:0px">For comparison purposes, the figures in the prior-year financial statements have been restated by 9.3% 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="line-height:6pt; margin:0px"><BR></P>
<P style="margin:0px">The accompanying financial statements include assets, liabilities, income and cash flows of the Parent Company and its subsidiaries. &nbsp;The equity and income accounts of the Parent Company and its subsidiaries have been combined, eliminating investments and current accounts between consolidated companies, transactions between them and the unrealized income from inter-company transactions.</P>
<P style="line-height:6pt; margin:0px"><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="margin:0px; padding-right:2.4px"><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="line-height:6pt; margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=215.267></TD><TD width=44.867></TD><TD width=55.267></TD><TD width=39.733></TD><TD width=39.733></TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=215.267><P style="margin:0px"><B>Company Name</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=179.6 colspan=4><P style="margin:0px" align=center><B>Ownership Interest</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=215.267><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=139.867 colspan=3><P style="margin:0px" align=center><B>2008</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=39.733><P style="margin:0px" align=center><B>2007</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=215.267><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=bottom width=44.867><P style="margin:0px" align=center><B>Direct</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=55.267><P style="margin:0px" align=center><B>Indirect</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=39.733><P style="margin:0px" align=center><B>Total</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=39.733><P style="margin:0px" align=center><B>Total</B></P>
</TD></TR>
<TR><TD valign=bottom width=215.267><P style="margin:0px">Abisa Corp S.A.</P>
</TD><TD valign=bottom width=44.867><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=55.267><P style="margin:0px" align=right>99.99</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD></TR>
<TR><TD valign=bottom width=215.267><P style="margin:0px">Andina Bottling Investments S.A.</P>
</TD><TD valign=bottom width=44.867><P style="margin:0px" align=right>99.90</P>
</TD><TD valign=bottom width=55.267><P style="margin:0px" align=right>0.09</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD></TR>
<TR><TD valign=bottom width=215.267><P style="margin:0px">Andina Inversiones Societarias S.A.</P>
</TD><TD valign=bottom width=44.867><P style="margin:0px" align=right>99.99</P>
</TD><TD valign=bottom width=55.267><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD></TR>
<TR><TD valign=bottom width=215.267><P style="margin:0px">Andina Bottling Investments Dos S.A.</P>
</TD><TD valign=bottom width=44.867><P style="margin:0px" align=right>99.90</P>
</TD><TD valign=bottom width=55.267><P style="margin:0px" align=right>0.09</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD></TR>
<TR><TD valign=bottom width=215.267><P style="margin:0px">Embotelladora del Atl&#225;ntico S.A.</P>
</TD><TD valign=bottom width=44.867><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=55.267><P style="margin:0px" align=right>99.98</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.98</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.98</P>
</TD></TR>
<TR><TD valign=bottom width=215.267><P style="margin:0px">Rio de Janeiro Refrescos Ltda.</P>
</TD><TD valign=bottom width=44.867><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=55.267><P style="margin:0px" align=right>99.99</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD></TR>
<TR><TD valign=bottom width=215.267><P style="margin:0px">Servicios Multivending Ltda.</P>
</TD><TD valign=bottom width=44.867><P style="margin:0px" align=right>99.90</P>
</TD><TD valign=bottom width=55.267><P style="margin:0px" align=right>0.09</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD></TR>
<TR><TD valign=bottom width=215.267><P style="margin:0px">Transportes Andina Refrescos Ltda.</P>
</TD><TD valign=bottom width=44.867><P style="margin:0px" align=right>99.90</P>
</TD><TD valign=bottom width=55.267><P style="margin:0px" align=right>0.09</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD></TR>
<TR><TD valign=bottom width=215.267><P style="margin:0px">Vital S.A.</P>
</TD><TD valign=bottom width=44.867><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=55.267><P style="margin:0px" align=right>99.99</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD></TR>
<TR><TD valign=bottom width=215.267><P style="margin:0px">RJR Investments Corp S.A.</P>
</TD><TD valign=bottom width=44.867><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=55.267><P style="margin:0px" align=right>99.99</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>99.99</P>
</TD></TR>
<TR><TD valign=bottom width=215.267><P style="margin:0px">Vital Aguas S.A.</P>
</TD><TD valign=bottom width=44.867><P style="margin:0px" align=right>56.50</P>
</TD><TD valign=bottom width=55.267><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=39.733><P style="margin:0px" align=right>56.50</P>
</TD><TD valign=bottom width=39.733><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:47.267px">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>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>8</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">the official Chilean Consumer Price Index, &#147;CPI&#148;, issued by the Chilean National Institute of Statistics, which amounted to 6.9% for the period December 1, 2007 to August 31, 2008 (5.1% for the same period of the previous year). </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px">f)</P>
<P style="margin:0px; text-indent:47.267px">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:0"><TD width=126.4></TD><TD width=43.467></TD><TD width=62.667></TD><TD width=62.667></TD></TR>
<TR><TD valign=bottom width=126.4><P>&nbsp;</P></TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=62.667><P style="margin:0px" align=center><B>2008</B></P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=center><B>2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=126.4><P>&nbsp;</P></TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=62.667><P style="margin:0px" align=center><B>Ch$</B></P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=center><B>Ch$</B></P>
</TD></TR>
<TR><TD valign=bottom width=126.4><P style="margin:0px">Unidades de Fomento </P>
</TD><TD valign=bottom width=43.467><P style="margin:0px">(UF)</P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right>20,988.34</P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right>19,178.94</P>
</TD></TR>
<TR><TD valign=bottom width=126.4><P style="margin:0px">United States dollars </P>
</TD><TD valign=bottom width=43.467><P style="margin:0px">(US$)</P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right>551.31</P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right>511.23</P>
</TD></TR>
<TR><TD valign=bottom width=126.4><P style="margin:0px">Argentine pesos </P>
</TD><TD valign=bottom width=43.467><P style="margin:0px">(AR$)</P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right>175.86</P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right>162.30</P>
</TD></TR>
<TR><TD valign=bottom width=126.4><P style="margin:0px">Brazilian Real </P>
</TD><TD valign=bottom width=43.467><P style="margin:0px">(R$)</P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right>288.00</P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right>278.01</P>
</TD></TR>
<TR><TD valign=bottom width=126.4><P style="margin:0px">Euro</P>
</TD><TD valign=bottom width=43.467><P style="margin:0px">(&#8364;$)</P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right>775.51</P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right>729.29</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px">g)</P>
<P style="margin:0px; text-indent:24px">Marketable securities</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Marketable securities include investments in mutual funds and investment fund shares, valued at the redemption value for each year end.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Investments in bonds 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="line-height:6pt; margin:0px"><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="line-height:6pt; margin:0px"><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="line-height:6pt; margin:0px"><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></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>9</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" 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">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-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>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>10</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></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 under 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 under 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>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>11</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" 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:0"><TD width=270.8></TD><TD width=91.933></TD><TD width=92.067></TD><TD width=54.867></TD><TD width=56.067></TD><TD width=55.6></TD><TD width=52.933></TD></TR>
<TR><TD valign=bottom width=270.8><P>&nbsp;</P></TD><TD valign=top width=184 colspan=2><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>
</TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P>&nbsp;</P></TD><TD valign=top width=184 colspan=2><P style="margin:0px" align=center><B>ended September 30,</B></P>
</TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P>&nbsp;</P></TD><TD valign=bottom width=91.933><P style="margin:0px" align=center><B>2008</B></P>
</TD><TD valign=bottom width=92.067><P style="margin:0px" align=center><B>2007</B></P>
</TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px"><B><U>Type of Instrument </U></B></P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=92.067><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px">Bonds</P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=92.067><P style="margin:0px" align=right>1,150,526</P>
</TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px">Mutual funds</P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right>7,806,198</P>
</TD><TD valign=bottom width=92.067><P style="margin:0px" align=right>3,029,419</P>
</TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px">Investment funds</P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right>32,359,204</P>
</TD><TD valign=bottom width=92.067><P style="margin:0px" align=right>44,499,290</P>
</TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px">Promissory notes</P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right>13,571</P>
</TD><TD valign=bottom width=92.067><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px"><B>Total marketable securities</B></P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right><B>40,178,973</B></P>
</TD><TD valign=bottom width=92.067><P style="margin:0px" align=right><B>48,679,235</B></P>
</TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P>&nbsp;</P></TD><TD valign=bottom width=91.933><P>&nbsp;</P></TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P>&nbsp;</P></TD><TD valign=top width=91.933><P style="margin:0px" align=center><B>Accounting value for the period ended September 30, 2007</B></P>
</TD><TD valign=top width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px"><B><U>Mutual funds:</U></B></P>
</TD><TD valign=top width=91.933><P style="margin:0px" align=center><B>September 30,</B></P>
</TD><TD valign=top width=92.067><P>&nbsp;</P></TD><TD valign=top width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px"><B>Institution</B></P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right><B>ThCh$</B></P>
</TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px">Fondo Mutuo CELFINCAPITAL</P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right>3,664,064</P>
</TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px">Fondo Mutuo Banchile</P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right>1,492,894</P>
</TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px">Fondo Mutuo Cruz del Sur Liquidez</P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right>1,221,711</P>
</TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px">Fondo Mutuo BCI Express </P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right>1,000,575</P>
</TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px">Fondo Mutuo B.SCOTIABANK &nbsp;Valoriza</P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right>270,813</P>
</TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px">Fondo Mutuo RBC</P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right>156,141</P>
</TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P>&nbsp;</P></TD><TD valign=bottom width=91.933><P>&nbsp;</P></TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px"><B>Balance mutual funds</B></P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right><B>7,806,198</B></P>
</TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P>&nbsp;</P></TD><TD valign=bottom width=91.933><P>&nbsp;</P></TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px"><B><U>Investment funds:</U></B></P>
</TD><TD valign=bottom width=91.933><P>&nbsp;</P></TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px"><B>Institution</B></P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right><B>ThCh$</B></P>
</TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px">DWS Institutional USD Money Plus</P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right>18,228,585</P>
</TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px">Citi Institutional Liquid Reserves Limited - USA</P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right>14,130,619</P>
</TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px"><B>Balance investment funds</B></P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=right><B>32,359,204</B></P>
</TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P>&nbsp;</P></TD><TD valign=bottom width=91.933><P>&nbsp;</P></TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P>&nbsp;</P></TD><TD valign=bottom width=91.933><P>&nbsp;</P></TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P>&nbsp;</P></TD><TD valign=bottom width=91.933><P>&nbsp;</P></TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P>&nbsp;</P></TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=270.8><P>&nbsp;</P></TD><TD valign=bottom width=184 colspan=2><P style="margin:0px" align=center><B>Date</B></P>
</TD><TD valign=bottom width=54.867><P style="margin:0px" align=center><B>Par</B></P>
</TD><TD valign=bottom width=111.667 colspan=2><P style="margin:0px" align=center><B>Accounting Value</B></P>
</TD><TD valign=bottom width=52.933><P style="margin:0px" align=center><B>Market </B></P>
</TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px"><B><U>Fixed Income Instruments:</U></B></P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=center><B>Purchase</B></P>
</TD><TD valign=bottom width=92.067><P style="margin:0px" align=center><B>Maturity</B></P>
</TD><TD valign=bottom width=54.867><P style="margin:0px" align=center><B>Value</B></P>
</TD><TD valign=bottom width=56.067><P style="margin:0px" align=center><B>Amount</B></P>
</TD><TD valign=bottom width=55.6><P style="margin:0px" align=center><B>Rate</B></P>
</TD><TD valign=bottom width=52.933><P style="margin:0px" align=center><B>Value </B></P>
</TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px"><B>Issuer</B></P>
</TD><TD valign=bottom width=91.933><P>&nbsp;</P></TD><TD valign=bottom width=92.067><P>&nbsp;</P></TD><TD valign=bottom width=54.867><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=56.067><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=55.6><P>&nbsp;</P></TD><TD valign=bottom width=52.933><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=270.8><P style="margin:0px">ILUSTRE MUNICPALIDAD DE MAIP&#218;</P>
</TD><TD valign=bottom width=91.933><P style="margin:0px" align=center>28-Aug-08</P>
</TD><TD valign=bottom width=92.067><P style="margin:0px" align=center>28-Aug-23</P>
</TD><TD valign=bottom width=54.867><P style="margin:0px" align=right>13,571</P>
</TD><TD valign=bottom width=56.067><P style="margin:0px" align=right>13,571</P>
</TD><TD valign=bottom width=55.6><P style="margin:0px" align=center>3.44%</P>
</TD><TD valign=bottom width=52.933><P style="margin:0px" align=right>13,571</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>12</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
</DIV><DIV style="width:664.4px"><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="line-height:7pt; margin:0px"><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:0"><TD width=115.6></TD><TD width=61.6></TD><TD width=61.667></TD><TD width=61.667></TD><TD width=61.667></TD><TD width=61.667></TD><TD width=61.667></TD><TD width=61.667></TD><TD width=61.667></TD><TD width=61.267></TD></TR>
<TR><TD valign=bottom width=115.6><P>&nbsp;</P></TD><TD valign=bottom width=61.6><P>&nbsp;</P></TD><TD valign=bottom width=123.333 colspan=2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CURRENT</B></P>
</TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=122.933 colspan=2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>LONG TERM</B></P>
</TD></TR>
<TR><TD valign=bottom width=115.6><P>&nbsp;</P></TD><TD valign=bottom width=123.267 colspan=2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Up to 90 days</B></P>
</TD><TD valign=bottom width=123.333 colspan=2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>More than 90 days up to 1 year</B></P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Subtotal</B></P>
</TD><TD valign=bottom width=123.333 colspan=2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>&nbsp;&nbsp;&nbsp;Total current (net)</B></P>
</TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.267><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=115.6><P>&nbsp;</P></TD><TD valign=bottom width=61.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>2008</B></P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>2007</B></P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>2008</B></P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>2007</B></P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>2008</B></P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>2008</B></P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>2007</B></P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>2008</B></P>
</TD><TD valign=bottom width=61.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=115.6><P>&nbsp;</P></TD><TD valign=bottom width=61.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=61.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=115.6><P style="line-height:8pt; margin:0px; font-size:6pt">Trade receivables</P>
</TD><TD valign=bottom width=61.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>31,486,587 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>29,019,644 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>757,937 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>894,330 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>32,244,524 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>31,247,610 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>29,913,974 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0 &nbsp;</P>
</TD><TD valign=bottom width=61.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=115.6><P style="line-height:8pt; margin:0px; font-size:6pt">Allowance for doubtful accounts</P>
</TD><TD valign=bottom width=61.6><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(996,914) &nbsp;</P>
</TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.267><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=115.6><P style="line-height:8pt; margin:0px; font-size:6pt">Notes receivable</P>
</TD><TD valign=bottom width=61.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9,272,477 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9,030,132 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>568,780 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>530,758 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9,841,257 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9,319,085 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9,560,890 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0 &nbsp;</P>
</TD><TD valign=bottom width=61.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=115.6><P style="line-height:8pt; margin:0px; font-size:6pt">Allowance for doubtful accounts</P>
</TD><TD valign=bottom width=61.6><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(522,172) &nbsp;</P>
</TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.267><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=115.6><P style="line-height:8pt; margin:0px; font-size:6pt">Other receivables</P>
</TD><TD valign=bottom width=61.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>14,030,988 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>8,528,056 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>776,176 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>773,476 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>14,807,164 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>14,661,227 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9,301,532 &nbsp;</P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>20,102 &nbsp;</P>
</TD><TD valign=bottom width=61.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>42,358 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=115.6><P style="line-height:8pt; margin:0px; font-size:6pt">Allowance for doubtful accounts</P>
</TD><TD valign=bottom width=61.6><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(145,937) &nbsp;</P>
</TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.267><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=115.6><P>&nbsp;</P></TD><TD valign=bottom width=61.6><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=61.667><P>&nbsp;</P></TD><TD valign=bottom width=185 colspan=3><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>Total long term receivables</B></P>
</TD><TD valign=bottom width=61.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>20,102 &nbsp;</B></P>
</TD><TD valign=bottom width=61.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>42,358 &nbsp;</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
</DIV><DIV style="width:664.933px"><P style="line-height:13pt; margin:0px; font-size:11pt" align=center>13</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" 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="margin:0px; padding-left:18.867px; text-indent:-18.867px">Embonor S.A.: Sale of products</P>
<P style="margin:0px; padding-left:18.867px; text-indent:-18.867px">Embotelladora Coca-Cola Polar S.A.: Sale of products</P>
<P style="margin:0px; padding-left:18.867px; text-indent:-18.867px">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:0"><TD width=286.4></TD><TD width=107.067></TD><TD width=86.867></TD><TD width=96.933></TD><TD width=97></TD></TR>
<TR><TD valign=bottom width=286.4><P style="margin:0px"><B>Company</B></P>
</TD><TD valign=bottom width=193.933 colspan=2><P style="margin:0px" align=center><B>Short Term</B></P>
</TD><TD valign=bottom width=193.933 colspan=2><P style="margin:0px" align=center><B>Long Term</B></P>
</TD></TR>
<TR><TD valign=bottom width=286.4><P>&nbsp;</P></TD><TD valign=bottom width=107.067><P style="margin:0px" align=center><B>2008</B></P>
</TD><TD valign=bottom width=86.867><P style="margin:0px" align=center><B>2007</B></P>
</TD><TD valign=bottom width=96.933><P style="margin:0px" align=center><B>2008</B></P>
</TD><TD valign=bottom width=97><P style="margin:0px" align=center><B>2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=286.4><P>&nbsp;</P></TD><TD valign=bottom width=107.067><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=86.867><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=96.933><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=286.4><P style="margin:0px">EMBONOR S.A.</P>
</TD><TD valign=bottom width=107.067><P style="margin:0px" align=right>1,137,750 &nbsp;</P>
</TD><TD valign=bottom width=86.867><P style="margin:0px" align=right>350,146 &nbsp;</P>
</TD><TD valign=bottom width=96.933><P style="margin:0px" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=97><P style="margin:0px" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=286.4><P style="margin:0px">COCA-COLA DE CHILE S. A.</P>
</TD><TD valign=bottom width=107.067><P style="margin:0px" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=86.867><P style="margin:0px" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=96.933><P style="margin:0px" align=right>46,142 &nbsp;</P>
</TD><TD valign=bottom width=97><P style="margin:0px" align=right>39,540 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=286.4><P style="margin:0px">EMBOTELLADORA &nbsp;COCA-COLA POLAR S.A.</P>
</TD><TD valign=bottom width=107.067><P style="margin:0px" align=right>588,144 &nbsp;</P>
</TD><TD valign=bottom width=86.867><P style="margin:0px" align=right>320,895 &nbsp;</P>
</TD><TD valign=bottom width=96.933><P style="margin:0px" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=97><P style="margin:0px" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=286.4><P style="margin:0px"><B>Total</B></P>
</TD><TD valign=bottom width=107.067><P style="margin:0px" align=right><B>1,725,894 &nbsp;</B></P>
</TD><TD valign=bottom width=86.867><P style="margin:0px" align=right><B>671,041 &nbsp;</B></P>
</TD><TD valign=bottom width=96.933><P style="margin:0px" align=right><B>46,142 &nbsp;</B></P>
</TD><TD valign=bottom width=97><P style="margin:0px" align=right><B>39,540 &nbsp;</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">2) Notes and accounts payable: </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:18.867px; text-indent:-18.867px">Coca-Cola de Chile S.A.: &nbsp;Concentrate purchases</P>
<P style="margin:0px; padding-left:18.867px; text-indent:-18.867px">Recofarma Ind&#250;strias do Amazonas Ltda.: Concentrate purchases</P>
<P style="margin:0px; padding-left:18.867px; text-indent:-18.867px">Envases CMF S.A.: &nbsp;Raw material purchases</P>
<P style="margin:0px; padding-left:18.867px; text-indent:-18.867px">Servicios y Productos para Bebidas Refrescantes S.R.L.: Concentrate purchases </P>
<P style="margin:0px; padding-left:18.867px; text-indent:-18.867px">Envases Central S.A.: Net balance corresponds to raw materials and finished products transactions. </P>
<P style="margin:0px; padding-left:18.867px; text-indent:-18.867px">Envases del Pac&#237;fico S.A.: Raw material purchases </P>
<P style="margin:0px; padding-left:18.867px; text-indent:-18.867px">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:0"><TD width=374.467></TD><TD width=74.867></TD><TD width=75></TD><TD width=74.867></TD><TD width=75.067></TD></TR>
<TR><TD valign=bottom width=374.467><P style="line-height:11pt; margin:0px; font-size:9pt"><B>Company</B></P>
</TD><TD valign=bottom width=149.867 colspan=2><P style="line-height:11pt; margin:0px; font-size:9pt" align=center><B>Short Term</B></P>
</TD><TD valign=bottom width=149.933 colspan=2><P style="line-height:11pt; margin:0px; font-size:9pt" align=center><B>Long Term</B></P>
</TD></TR>
<TR><TD valign=bottom width=374.467><P>&nbsp;</P></TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=center><B>2008</B></P>
</TD><TD valign=bottom width=75><P style="line-height:11pt; margin:0px; font-size:9pt" align=center><B>2007</B></P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=center><B>2008</B></P>
</TD><TD valign=bottom width=75.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=center><B>2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=374.467><P>&nbsp;</P></TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=75><P style="line-height:11pt; margin:0px; font-size:9pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=75.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=374.467><P style="line-height:11pt; margin:0px; font-size:9pt">COCA-COLA DE CHILE S.A.</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,028,545 &nbsp;</P>
</TD><TD valign=bottom width=75><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>663,125 &nbsp;</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=75.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=374.467><P style="line-height:11pt; margin:0px; font-size:9pt">SERVICIOS Y PRODUCTOS PARA BEBIDAS REFRESCANTES S.R.L.</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,423,861 &nbsp;</P>
</TD><TD valign=bottom width=75><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,676,883 &nbsp;</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=75.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=374.467><P style="line-height:11pt; margin:0px; font-size:9pt">RECOFARMA INDUSTRIAS DO AMAZONAS LTDA.</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,855,861 &nbsp;</P>
</TD><TD valign=bottom width=75><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>3,169,408 &nbsp;</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=75.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=374.467><P style="line-height:11pt; margin:0px; font-size:9pt">ENVASES CMF S. A.</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>1,485,550 &nbsp;</P>
</TD><TD valign=bottom width=75><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,605,930 &nbsp;</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=75.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=374.467><P style="line-height:11pt; margin:0px; font-size:9pt">ENVASES CENTRAL S. A.</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>765,360 &nbsp;</P>
</TD><TD valign=bottom width=75><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>613,736 &nbsp;</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=75.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=374.467><P style="line-height:11pt; margin:0px; font-size:9pt">ENVASES DEL PACIFICO S. A.</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>67,078 &nbsp;</P>
</TD><TD valign=bottom width=75><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>68,943 &nbsp;</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=75.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=374.467><P style="line-height:11pt; margin:0px; font-size:9pt">CICAN S.A.</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=75><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>298,435 &nbsp;</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=75.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=374.467><P style="line-height:11pt; margin:0px; font-size:9pt">CENTRALLI REFRIGERANTE S.A.</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=75><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>139,297 &nbsp;</P>
</TD><TD valign=bottom width=75.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>113,618 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=374.467><P style="line-height:11pt; margin:0px; font-size:9pt">EMBONOR S.A.</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=75><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,520,581 &nbsp;</P>
</TD><TD valign=bottom width=75.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>2,948,458 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=374.467><P style="line-height:11pt; margin:0px; font-size:9pt">EMBOTELLADORA COCA-COLA POLAR S.A.</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=75><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>651,609 &nbsp;</P>
</TD><TD valign=bottom width=75.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right>756,300 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=374.467><P style="line-height:11pt; margin:0px; font-size:9pt"><B>Total</B></P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right><B>9,626,255 &nbsp;</B></P>
</TD><TD valign=bottom width=75><P style="line-height:11pt; margin:0px; font-size:9pt" align=right><B>9,096,460 &nbsp;</B></P>
</TD><TD valign=bottom width=74.867><P style="line-height:11pt; margin:0px; font-size:9pt" align=right><B>3,311,487 &nbsp;</B></P>
</TD><TD valign=bottom width=75.067><P style="line-height:11pt; margin:0px; font-size:9pt" align=right><B>3,818,376 &nbsp;</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>14</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
</DIV><DIV style="width:664.4px"><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$200,000. </P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=208.667></TD><TD width=95.933></TD><TD width=135></TD><TD width=49.467></TD><TD width=64.267></TD><TD width=53.867></TD><TD width=66.4></TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Company</B></P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Relation</B></P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Transaction</B></P>
</TD><TD valign=bottom width=113.733 colspan=2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>30-sep-08</B></P>
</TD><TD valign=bottom width=120.267 colspan=2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>30-sep-07</B></P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P>&nbsp;</P></TD><TD valign=bottom width=95.933><P>&nbsp;</P></TD><TD valign=bottom width=135><P>&nbsp;</P></TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Amount</B></P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Effect on income (charge) credit</B></P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Amount</B></P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Effect on income (charge) credit</B></P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P>&nbsp;</P></TD><TD valign=bottom width=95.933><P>&nbsp;</P></TD><TD valign=bottom width=135><P>&nbsp;</P></TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">ENVASES CENTRAL S.A.</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">Equity Investee</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Finished product purchase</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>11,225,938 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>12,652,142 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Sales of raw materials and supplies</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,235,304 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>123,469 &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,285,912 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>77,181 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">COCA-COLA DE CHILE S.A.</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">Shareholder</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Concentrate purchases</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>39,745,551 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>36,004,157 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Payment of advertising participation</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>839,116 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-839,116 &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>3,294,337 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-3,294,337 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Sales of advertisement</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,243,050 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,244,665 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Water source rental</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,416,696 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-1,416,696 &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,292,107 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-1,292,107 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Other sales</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>354,633 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">RECOFARMA INDUSTRIAS DO AMAZONAS LTDA.</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">Shareholder related</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Concentrate purchases</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>48,607,285 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>42,575,152 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Reimbursements and other purchases</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,094,343 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,094,343 &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>404,677 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>404,677 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Payment of advertising participation</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>4,851,680 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-4,861,680 &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2,663,814 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-2,663,814 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">ENVASES CMF S.A.</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">Equity Investee</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Container purchases</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>10,606,399 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>12,164,440 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Finished product sale</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>135,152 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Dividend payment</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2,652,500 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>3,433,113 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">SERVICIOS Y PRODUCTOS PARA BEBIDAS REFRESCANTES S.R.L.</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">Shareholder</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Concentrate purchases</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>22,868,904 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>20,769,495 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">ENVASES DEL PACIFICO S.A.</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">Director in common</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Purchase of raw materials</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>283,840 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>147,777 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">EMBONOR S.A.</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">Shareholder related</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Product purchase</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>144,508 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Sale of products</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>143,384 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>4,280,196 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>931,985 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Product purchase</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>266,484 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Sale of products</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>6,549,492 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,320,628 &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2,154,834 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>396,290 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">EMBOTELLADORA COCA-COLA POLAR S.A.</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">Shareholder related</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Product purchase</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>41,789 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Sale of products</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>3,641,234 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>528,501 &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>3,960,132 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>724,570 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">CICAN S.A.</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">Equity Investee</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Finished product purchase</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,377,027 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">-</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Sales of raw materials</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>198,973 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>33,032 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">IANSAGRO S.A.</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">Director in common</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Sugar purchases</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>12,961,632 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>12,760,361 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">VENDOMATICA S.A.</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">Director related company</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Sale of finished products</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,038,089 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>311,426 &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,116,485 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>334,945 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">BBVA ADMINISTRADORA GENERAL DE FONDOS</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">Director related company</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Investment in mutual funds</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>11,401,000 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>48,650,393 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=208.667><P style="line-height:8pt; margin:0px; font-size:6pt">BBVA ADMINISTRADORA GENERAL DE FONDOS S.A.</P>
</TD><TD valign=bottom width=95.933><P style="line-height:8pt; margin:0px; font-size:6pt">Director related company</P>
</TD><TD valign=bottom width=135><P style="line-height:8pt; margin:0px; font-size:6pt">Redemption of mutual funds</P>
</TD><TD valign=bottom width=49.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>11,401,000 &nbsp;</P>
</TD><TD valign=bottom width=64.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=53.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>50,651,195 &nbsp;</P>
</TD><TD valign=bottom width=66.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>- &nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">4) Other transactions</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>
<BR></P>
</DIV><DIV style="width:664.933px"><P style="line-height:13pt; margin:0px; font-size:11pt" align=center>15</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" 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:0"><TD width=130.667></TD><TD width=83.667></TD><TD width=92.2></TD><TD width=72.133></TD><TD width=82.6></TD><TD width=90.267></TD><TD width=71.133></TD></TR>
<TR><TD valign=bottom width=130.667><P>&nbsp;</P></TD><TD valign=bottom width=248 colspan=3><P style="margin:0px" align=center><B>30-sep-08</B></P>
</TD><TD valign=bottom width=244 colspan=3><P style="margin:0px" align=center><B>30-sep-07</B></P>
</TD></TR>
<TR><TD valign=bottom width=130.667><P>&nbsp;</P></TD><TD valign=bottom width=83.667><P style="margin:0px" align=center><B>Gross Value</B></P>
</TD><TD valign=bottom width=92.2><P style="margin:0px" align=center><B>Obsolescence provision</B></P>
</TD><TD valign=bottom width=72.133><P style="margin:0px" align=center><B>Net value</B></P>
</TD><TD valign=bottom width=82.6><P style="margin:0px" align=center><B>Gross Value</B></P>
</TD><TD valign=bottom width=90.267><P style="margin:0px" align=center><B>Obsolescence provision</B></P>
</TD><TD valign=bottom width=71.133><P style="margin:0px" align=center><B>Net value</B></P>
</TD></TR>
<TR><TD valign=bottom width=130.667><P>&nbsp;</P></TD><TD valign=bottom width=83.667><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=92.2><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=72.133><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=82.6><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=90.267><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=71.133><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=130.667><P>&nbsp;</P></TD><TD valign=bottom width=83.667><P>&nbsp;</P></TD><TD valign=bottom width=92.2><P>&nbsp;</P></TD><TD valign=bottom width=72.133><P>&nbsp;</P></TD><TD valign=bottom width=82.6><P>&nbsp;</P></TD><TD valign=bottom width=90.267><P>&nbsp;</P></TD><TD valign=bottom width=71.133><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=130.667><P style="margin:0px">Finished products</P>
</TD><TD valign=bottom width=83.667><P style="margin:0px" align=right>13,429,828</P>
</TD><TD valign=bottom width=92.2><P style="margin:0px" align=right>(171,813)</P>
</TD><TD valign=bottom width=72.133><P style="margin:0px" align=right>13,258,015</P>
</TD><TD valign=bottom width=82.6><P style="margin:0px" align=right>12,520,687</P>
</TD><TD valign=bottom width=90.267><P style="margin:0px" align=right>(206,547)</P>
</TD><TD valign=bottom width=71.133><P style="margin:0px" align=right>12,314,140</P>
</TD></TR>
<TR><TD valign=bottom width=130.667><P style="margin:0px">Raw materials</P>
</TD><TD valign=bottom width=83.667><P style="margin:0px" align=right>11,540,264</P>
</TD><TD valign=bottom width=92.2><P style="margin:0px" align=right>(420,394)</P>
</TD><TD valign=bottom width=72.133><P style="margin:0px" align=right>11,119,870</P>
</TD><TD valign=bottom width=82.6><P style="margin:0px" align=right>12,512,885</P>
</TD><TD valign=bottom width=90.267><P style="margin:0px" align=right>(454,715)</P>
</TD><TD valign=bottom width=71.133><P style="margin:0px" align=right>12,058,170</P>
</TD></TR>
<TR><TD valign=bottom width=130.667><P style="margin:0px">Products in process</P>
</TD><TD valign=bottom width=83.667><P style="margin:0px" align=right>2,228,140</P>
</TD><TD valign=bottom width=92.2><P style="margin:0px" align=right>0</P>
</TD><TD valign=bottom width=72.133><P style="margin:0px" align=right>2,228,140</P>
</TD><TD valign=bottom width=82.6><P style="margin:0px" align=right>1,468,621</P>
</TD><TD valign=bottom width=90.267><P style="margin:0px" align=right>0</P>
</TD><TD valign=bottom width=71.133><P style="margin:0px" align=right>1,468,621</P>
</TD></TR>
<TR><TD valign=bottom width=130.667><P style="margin:0px">Raw materials in transit</P>
</TD><TD valign=bottom width=83.667><P style="margin:0px" align=right>1,446,518</P>
</TD><TD valign=bottom width=92.2><P style="margin:0px" align=right>0</P>
</TD><TD valign=bottom width=72.133><P style="margin:0px" align=right>1,446,518</P>
</TD><TD valign=bottom width=82.6><P style="margin:0px" align=right>515,582</P>
</TD><TD valign=bottom width=90.267><P style="margin:0px" align=right>(25,567)</P>
</TD><TD valign=bottom width=71.133><P style="margin:0px" align=right>490,015</P>
</TD></TR>
<TR><TD valign=bottom width=130.667><P style="margin:0px"><B>Total</B></P>
</TD><TD valign=bottom width=83.667><P style="margin:0px" align=right><B>28,644,750</B></P>
</TD><TD valign=bottom width=92.2><P style="margin:0px" align=right><B>(592,207)</B></P>
</TD><TD valign=bottom width=72.133><P style="margin:0px" align=right><B>28,052,543</B></P>
</TD><TD valign=bottom width=82.6><P style="margin:0px" align=right><B>27,017,775</B></P>
</TD><TD valign=bottom width=90.267><P style="margin:0px" align=right><B>(686,829)</B></P>
</TD><TD valign=bottom width=71.133><P style="margin:0px" align=right><B>26,330,946</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; margin-bottom:-16px; padding-left:47.2px; text-indent:-47.2px">a)</P>
<P style="margin:0px; padding-left:47.2px">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="margin:0px; padding-left:47.2px; text-indent:0.067px">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="margin:0px; padding-left:47.2px; text-indent:-47.2px">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:0"><TD width=160.667></TD><TD width=64.2></TD><TD width=62></TD><TD width=64.2></TD><TD width=62></TD><TD width=66.333></TD><TD width=64.333></TD><TD width=66.333></TD><TD width=64.2></TD></TR>
<TR><TD valign=bottom width=160.667><P>&nbsp;</P></TD><TD valign=bottom width=252.4 colspan=4><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>30-sep-08</B></P>
</TD><TD valign=bottom width=261.2 colspan=4><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>30-sep-07</B></P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P>&nbsp;</P></TD><TD valign=bottom width=126.2 colspan=2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Assets</B></P>
</TD><TD valign=bottom width=126.2 colspan=2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Liabilities</B></P>
</TD><TD valign=bottom width=130.667 colspan=2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Assets</B></P>
</TD><TD valign=bottom width=130.533 colspan=2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Liabilities</B></P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P>&nbsp;</P></TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Short term</B></P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Long term</B></P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Short term</B></P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Long term</B></P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Short term</B></P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Long term</B></P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Short term</B></P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Long term</B></P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Temporary differences</B></P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt">Allowance for doubtful accounts</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>287,411</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>5,731</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>327,568</P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>46,619</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt">Vacation provision</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>187,621</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>174,701</P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt">Production expenses</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>12,908</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt">Depreciation of property, plant &amp; equipment</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>167,601</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>6,746,505</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>117,365</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>3,951,937</P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt">Severance indemnities</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>53,737</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>20,073</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>172,237</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>32,854</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>216,358</P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt">Others</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,541,276</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>365,508</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>74,345</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,253,285</P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>847,055</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt">Provision for assets write off</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>110,407</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,188,988</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>388,247</P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>791,141</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt">Provision for labor and commercial lawsuits</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,918,443</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,371,257</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt">Tax loss carry-forwards</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>3,127,601</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>3,524,655</P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>3,204,124</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt">Guarantee deposits</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,093,000</P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt">Local bond issue expenses</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>29</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>144,192</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>162,250</P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt">Contingency allowance</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>371,596</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>252,423</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt">Accrued interests abroad</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>4,745,817</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt">Exchange rate difference</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>12,889,755</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>13,129,086</P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt">Complementary accounts, net of amortization</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(1,727,506)</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(2,290,994)</P>
</TD></TR>
<TR><TD valign=bottom width=160.667><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Total</B></P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>5,320,961</B></P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>3,850,266</B></P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>187,703</B></P>
</TD><TD valign=bottom width=62><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>18,299,528</B></P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>5,668,456</B></P>
</TD><TD valign=bottom width=64.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>6,512,619</B></P>
</TD><TD valign=bottom width=66.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>4,896,036</B></P>
</TD><TD valign=bottom width=64.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>16,261,637</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>16</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:47.2px; text-indent:-47.2px">c) The following table contains information on income taxes at each period-end.</P>
<P style="margin:0px"><BR></P>
<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><TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=438.667></TD><TD width=82.667></TD><TD width=78.667></TD></TR>
<TR><TD valign=bottom width=438.667><P>&nbsp;</P></TD><TD valign=bottom width=82.667><P style="margin:0px" align=center><B>30-sep-08</B></P>
</TD><TD valign=bottom width=78.667><P style="margin:0px" align=center><B>30-sep-07</B></P>
</TD></TR>
<TR><TD valign=bottom width=438.667><P>&nbsp;</P></TD><TD valign=bottom width=82.667><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=78.667><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=438.667><P style="margin:0px">Current tax expense (tax allowance)</P>
</TD><TD valign=bottom width=82.667><P style="margin:0px" align=right>(14,834,552)</P>
</TD><TD valign=bottom width=78.667><P style="margin:0px" align=right>(12,603,901)</P>
</TD></TR>
<TR><TD valign=bottom width=438.667><P style="margin:0px">Tax expense adjustment (previous period)</P>
</TD><TD valign=bottom width=82.667><P style="margin:0px" align=right>1,450,395</P>
</TD><TD valign=bottom width=78.667><P style="margin:0px" align=right>415,747</P>
</TD></TR>
<TR><TD valign=bottom width=438.667><P style="margin:0px">Deferred income tax expense/effect over assets or liabilities</P>
</TD><TD valign=bottom width=82.667><P style="margin:0px" align=right>(1,065,369)</P>
</TD><TD valign=bottom width=78.667><P style="margin:0px" align=right>(3,174,656)</P>
</TD></TR>
<TR><TD valign=bottom width=438.667><P style="margin:0px">Amortization of deferred income tax asset and liability complementary accounts</P>
</TD><TD valign=bottom width=82.667><P style="margin:0px" align=right>(298,858)</P>
</TD><TD valign=bottom width=78.667><P style="margin:0px" align=right>(685,741)</P>
</TD></TR>
<TR><TD valign=bottom width=438.667><P style="margin:0px">Other charges or credits</P>
</TD><TD valign=bottom width=82.667><P style="margin:0px" align=right>(1,100,646)</P>
</TD><TD valign=bottom width=78.667><P style="margin:0px" align=right>(1,115,517)</P>
</TD></TR>
<TR><TD valign=bottom width=438.667><P style="margin:0px"><B>Total </B></P>
</TD><TD valign=bottom width=82.667><P style="margin:0px" align=right><B>(15,849,030)</B></P>
</TD><TD valign=bottom width=78.667><P style="margin:0px" align=right><B>(17,164,068)</B></P>
</TD></TR>
</TABLE>
<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:0"><TD width=214.667></TD><TD width=101.333></TD><TD width=101.333></TD></TR>
<TR><TD valign=bottom width=214.667><P>&nbsp;</P></TD><TD valign=bottom width=101.333><P style="margin:0px" align=center><B>30-sep-08</B></P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=center><B>30-sep-07</B></P>
</TD></TR>
<TR><TD valign=bottom width=214.667><P>&nbsp;</P></TD><TD valign=bottom width=101.333><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=214.667><P style="margin:0px">Supplies</P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=right>5,116,873</P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=right>4,506,849</P>
</TD></TR>
<TR><TD valign=bottom width=214.667><P style="margin:0px">Securities purchased under agreements to resell</P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=right>1,595,000</P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=214.667><P style="margin:0px">Cross currency swap effects</P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=right>31,934,331</P>
</TD></TR>
<TR><TD valign=bottom width=214.667><P style="margin:0px">Short term bonds discount</P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=right>196,993</P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=right>202,246</P>
</TD></TR>
<TR><TD valign=bottom width=214.667><P style="margin:0px">Accrued interest on long-term bonds</P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=right>124,812</P>
</TD></TR>
<TR><TD valign=bottom width=214.667><P style="margin:0px">Wachovia Investment Fund (restricted)</P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=right>132,248</P>
</TD></TR>
<TR><TD valign=bottom width=214.667><P style="margin:0px">Others</P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=right>731,835</P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=right>698,358</P>
</TD></TR>
<TR><TD valign=bottom width=214.667><P style="margin:0px"><B>Total</B></P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=right><B>7,640,701</B></P>
</TD><TD valign=bottom width=101.333><P style="margin:0px" align=right><B>37,598,844</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Note 10 &#150; Securities purchased under agreements to resell. </B></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=54.467></TD><TD width=43.067></TD><TD width=140></TD><TD width=47.733></TD><TD width=91></TD><TD width=33.467></TD><TD width=67.667></TD><TD width=139.733></TD><TD width=67.667></TD></TR>
<TR><TD valign=bottom width=97.533 colspan=2><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>Dates</B></P>
</TD><TD valign=bottom width=140><P style="line-height:9pt; margin:0px; font-size:7pt"><B>Counterparty</B></P>
</TD><TD valign=bottom width=47.733><P style="line-height:9pt; margin:0px; font-size:7pt"><B>Currency</B></P>
</TD><TD valign=bottom width=91><P style="line-height:9pt; margin:0px; font-size:7pt"><B>Subscription value</B></P>
</TD><TD valign=bottom width=33.467><P style="line-height:9pt; margin:0px; font-size:7pt"><B>Rate</B></P>
</TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt"><B>Final amount</B></P>
</TD><TD valign=bottom width=139.733><P style="line-height:9pt; margin:0px; font-size:7pt"><B>Type of instrument</B></P>
</TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt"><B>Market value</B></P>
</TD></TR>
<TR><TD valign=bottom width=54.467><P style="line-height:9pt; margin:0px; font-size:7pt"><B>Beginning</B></P>
</TD><TD valign=bottom width=43.067><P style="line-height:9pt; margin:0px; font-size:7pt"><B>Ending</B></P>
</TD><TD valign=bottom width=140><P>&nbsp;</P></TD><TD valign=bottom width=47.733><P>&nbsp;</P></TD><TD valign=bottom width=91><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=33.467><P>&nbsp;</P></TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=139.733><P>&nbsp;</P></TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=54.467><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>30-Sep-08</P>
</TD><TD valign=bottom width=43.067><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>2-Oct-08</P>
</TD><TD valign=bottom width=140><P style="line-height:9pt; margin:0px; font-size:7pt">Banchile Corredores de Bolsa S.A.</P>
</TD><TD valign=bottom width=47.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>Ch$</P>
</TD><TD valign=bottom width=91><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520,936 </P>
</TD><TD valign=bottom width=33.467><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>0.90%</P>
</TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521,249 </P>
</TD><TD valign=bottom width=139.733><P style="line-height:9pt; margin:0px; font-size:7pt">Ch$ Time deposits Banco de Chile</P>
</TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;520,936 </P>
</TD></TR>
<TR><TD valign=bottom width=54.467><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>30-Sep-08</P>
</TD><TD valign=bottom width=43.067><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>2-Oct-08</P>
</TD><TD valign=bottom width=140><P style="line-height:9pt; margin:0px; font-size:7pt">Banchile Corredores de Bolsa S.A.</P>
</TD><TD valign=bottom width=47.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>Ch$</P>
</TD><TD valign=bottom width=91><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521,443 </P>
</TD><TD valign=bottom width=33.467><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>0.90%</P>
</TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521,756 </P>
</TD><TD valign=bottom width=139.733><P style="line-height:9pt; margin:0px; font-size:7pt">Ch$ Time deposits Banco de Chile</P>
</TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521,443 </P>
</TD></TR>
<TR><TD valign=bottom width=54.467><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>30-Sep-08</P>
</TD><TD valign=bottom width=43.067><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>2-Oct-08</P>
</TD><TD valign=bottom width=140><P style="line-height:9pt; margin:0px; font-size:7pt">Banchile Corredores de Bolsa S.A.</P>
</TD><TD valign=bottom width=47.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>Ch$</P>
</TD><TD valign=bottom width=91><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521,433 </P>
</TD><TD valign=bottom width=33.467><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>0.90%</P>
</TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521,746 </P>
</TD><TD valign=bottom width=139.733><P style="line-height:9pt; margin:0px; font-size:7pt">Ch$ Time deposits Banco de Chile</P>
</TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;521,433 </P>
</TD></TR>
<TR><TD valign=bottom width=54.467><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>30-Sep-08</P>
</TD><TD valign=bottom width=43.067><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>2-Oct-08</P>
</TD><TD valign=bottom width=140><P style="line-height:9pt; margin:0px; font-size:7pt">Banchile Corredores de Bolsa S.A.</P>
</TD><TD valign=bottom width=47.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>UF</P>
</TD><TD valign=bottom width=91><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,607 </P>
</TD><TD valign=bottom width=33.467><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>0.90%</P>
</TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,609 </P>
</TD><TD valign=bottom width=139.733><P style="line-height:9pt; margin:0px; font-size:7pt">Mortgage Notes Banco Santander</P>
</TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,607 </P>
</TD></TR>
<TR><TD valign=bottom width=54.467><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>30-Sep-08</P>
</TD><TD valign=bottom width=43.067><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>2-Oct-08</P>
</TD><TD valign=bottom width=140><P style="line-height:9pt; margin:0px; font-size:7pt">Banchile Corredores de Bolsa S.A.</P>
</TD><TD valign=bottom width=47.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>UF</P>
</TD><TD valign=bottom width=91><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,751 </P>
</TD><TD valign=bottom width=33.467><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>0.90%</P>
</TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,754 </P>
</TD><TD valign=bottom width=139.733><P style="line-height:9pt; margin:0px; font-size:7pt">Mortgage Notes Banco Santander</P>
</TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,751 </P>
</TD></TR>
<TR><TD valign=bottom width=54.467><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>30-Sep-08</P>
</TD><TD valign=bottom width=43.067><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>2-Oct-08</P>
</TD><TD valign=bottom width=140><P style="line-height:9pt; margin:0px; font-size:7pt">Banchile Corredores de Bolsa S.A.</P>
</TD><TD valign=bottom width=47.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>UF</P>
</TD><TD valign=bottom width=91><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,905 </P>
</TD><TD valign=bottom width=33.467><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>0.90%</P>
</TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,915 </P>
</TD><TD valign=bottom width=139.733><P style="line-height:9pt; margin:0px; font-size:7pt">Mortgage Notes Banco Santander</P>
</TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,905 </P>
</TD></TR>
<TR><TD valign=bottom width=54.467><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>30-Sep-08</P>
</TD><TD valign=bottom width=43.067><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>2-Oct-08</P>
</TD><TD valign=bottom width=140><P style="line-height:9pt; margin:0px; font-size:7pt">Banchile Corredores de Bolsa S.A.</P>
</TD><TD valign=bottom width=47.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=center>UF</P>
</TD><TD valign=bottom width=91><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,925 </P>
</TD><TD valign=bottom width=33.467><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>0.90%</P>
</TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,928 </P>
</TD><TD valign=bottom width=139.733><P style="line-height:9pt; margin:0px; font-size:7pt">Mortgage Notes Banco Santander</P>
</TD><TD valign=bottom width=67.667><P style="line-height:9pt; margin:0px; font-size:7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,925 </P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="RANGE!A1:C8"></A><A NAME="RANGE!A10:C19"></A><P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>17</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Note 11 - 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:94.533px">: </P>
<P style="margin:0px; text-indent:141.8px">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:94.533px">: </P>
<P style="margin:0px; text-indent:141.8px">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:94.533px">: </P>
<P style="margin:0px; text-indent:141.8px">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:0"><TD width=226.6></TD><TD width=55.467></TD><TD width=78.467></TD><TD width=78.467></TD><TD width=78.467></TD><TD width=78.467></TD><TD width=78.333></TD></TR>
<TR><TD valign=bottom width=282.067 colspan=2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>a) Main components of property, plant and equipment</B></P>
</TD><TD valign=bottom width=78.467><P>&nbsp;</P></TD><TD valign=bottom width=78.467><P>&nbsp;</P></TD><TD valign=bottom width=78.467><P>&nbsp;</P></TD><TD valign=bottom width=78.467><P>&nbsp;</P></TD><TD valign=bottom width=78.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=226.6><P>&nbsp;</P></TD><TD valign=bottom width=212.4 colspan=3><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Balances at September 30, 2008</B></P>
</TD><TD valign=bottom width=235.267 colspan=3><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Balances at September 30, 2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=226.6><P>&nbsp;</P></TD><TD valign=bottom width=55.467 rowspan=2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Assets</B></P>
</TD><TD valign=bottom width=78.467 rowspan=2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Accumulated depreciation</B></P>
</TD><TD valign=bottom width=78.467 rowspan=2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Net, property, plant and equipment</B></P>
</TD><TD valign=bottom width=78.467 rowspan=2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Assets</B></P>
</TD><TD valign=bottom width=78.467 rowspan=2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Accumulated depreciation</B></P>
</TD><TD valign=bottom width=78.333 rowspan=2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Net, property, plant and equipment</B></P>
</TD></TR>
<TR><TD valign=bottom width=226.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=226.6><P>&nbsp;</P></TD><TD valign=bottom width=55.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=78.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=226.6><P style="line-height:8pt; margin:0px; font-size:6pt">Land</P>
</TD><TD valign=bottom width=55.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>19,085,275</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>19,085,275</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>18,149,585</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-</P>
</TD><TD valign=bottom width=78.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>18,149,585</P>
</TD></TR>
<TR><TD valign=bottom width=226.6><P style="line-height:8pt; margin:0px; font-size:6pt">Buildings and improvements</P>
</TD><TD valign=bottom width=55.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>114,101,626</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(42,488,724)</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>71,612,902</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>103,155,511</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(38,963,398)</P>
</TD><TD valign=bottom width=78.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>64,192,113</P>
</TD></TR>
<TR><TD valign=bottom width=226.6><P style="line-height:8pt; margin:0px; font-size:6pt">Machinery and equipment</P>
</TD><TD valign=bottom width=55.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>267,217,189</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(205,737,852)</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>61,479,337</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>244,796,465</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(193,331,771)</P>
</TD><TD valign=bottom width=78.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>51,464,694</P>
</TD></TR>
<TR><TD valign=bottom width=226.6><P style="line-height:8pt; margin:0px; font-size:6pt">Other property, plant and equipment</P>
</TD><TD valign=bottom width=55.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>255,023,582</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(204,628,571)</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>50,395,011</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>238,697,146</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(203,081,305)</P>
</TD><TD valign=bottom width=78.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>35,615,841</P>
</TD></TR>
<TR><TD valign=bottom width=226.6><P style="line-height:8pt; margin:0px; font-size:6pt">Technical reappraisal of property, plant &amp; equipment</P>
</TD><TD valign=bottom width=55.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2,361,205</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(718,956)</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,642,249</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2,361,860</P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(717,184)</P>
</TD><TD valign=bottom width=78.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,644,676</P>
</TD></TR>
<TR><TD valign=bottom width=226.6><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Total</B></P>
</TD><TD valign=bottom width=55.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>657,788,877</B></P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>(453,574,103)</B></P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>204,214,774</B></P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>607,160,567</B></P>
</TD><TD valign=bottom width=78.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>(436,093,658)</B></P>
</TD><TD valign=bottom width=78.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>171,066,909</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:0"><TD width=465.733></TD><TD width=104.267></TD><TD width=104.267></TD></TR>
<TR><TD valign=bottom width=465.733><P style="margin:0px"><B>b) Other property, plant and equipment</B></P>
</TD><TD valign=bottom width=104.267><P>&nbsp;</P></TD><TD valign=bottom width=104.267><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=465.733><P>&nbsp;</P></TD><TD valign=bottom width=104.267><P style="margin:0px" align=center><B><U>30-sep-08</U></B></P>
</TD><TD valign=bottom width=104.267><P style="margin:0px" align=center><B><U>30-sep-07</U></B></P>
</TD></TR>
<TR><TD valign=bottom width=465.733><P>&nbsp;</P></TD><TD valign=bottom width=104.267><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD><TD valign=bottom width=104.267><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD></TR>
<TR><TD valign=bottom width=465.733><P style="margin:0px">Containers</P>
</TD><TD valign=bottom width=104.267><P style="margin:0px" align=right>148,789,408</P>
</TD><TD valign=bottom width=104.267><P style="margin:0px" align=right>138,869,645</P>
</TD></TR>
<TR><TD valign=bottom width=465.733><P style="margin:0px">Refrigerating equipment, promotional items and other minor assets</P>
</TD><TD valign=bottom width=104.267><P style="margin:0px" align=right>61,965,274</P>
</TD><TD valign=bottom width=104.267><P style="margin:0px" align=right>62,146,726</P>
</TD></TR>
<TR><TD valign=bottom width=465.733><P style="margin:0px">Furniture and tools</P>
</TD><TD valign=bottom width=104.267><P style="margin:0px" align=right>9,087,709</P>
</TD><TD valign=bottom width=104.267><P style="margin:0px" align=right>8,487,710</P>
</TD></TR>
<TR><TD valign=bottom width=465.733><P style="margin:0px">Other</P>
</TD><TD valign=bottom width=104.267><P style="margin:0px" align=right>35,181,191</P>
</TD><TD valign=bottom width=104.267><P style="margin:0px" align=right>29,193,065</P>
</TD></TR>
<TR><TD valign=bottom width=465.733><P style="margin:0px"><B>Total other property, plant and equipment</B></P>
</TD><TD valign=bottom width=104.267><P style="margin:0px" align=right><B>255,023,582</B></P>
</TD><TD valign=bottom width=104.267><P style="margin:0px" align=right><B>238,697,146</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:0"><TD width=166.867></TD><TD width=59.2></TD><TD width=90.467></TD><TD width=89.4></TD><TD width=89.4></TD><TD width=89.4></TD><TD width=89.533></TD></TR>
<TR><TD valign=bottom width=316.533 colspan=3><P style="line-height:10pt; margin:0px; font-size:8pt"><B>c) Technical reappraisal of &nbsp;property, plant and equipment</B></P>
</TD><TD valign=bottom width=89.4><P>&nbsp;</P></TD><TD valign=bottom width=89.4><P>&nbsp;</P></TD><TD valign=bottom width=89.4><P>&nbsp;</P></TD><TD valign=bottom width=89.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=166.867><P>&nbsp;</P></TD><TD valign=bottom width=59.2><P>&nbsp;</P></TD><TD valign=bottom width=90.467><P>&nbsp;</P></TD><TD valign=bottom width=89.4><P>&nbsp;</P></TD><TD valign=bottom width=89.4><P>&nbsp;</P></TD><TD valign=bottom width=89.4><P>&nbsp;</P></TD><TD valign=bottom width=89.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=166.867><P>&nbsp;</P></TD><TD valign=bottom width=239.067 colspan=3><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Balances at September 30, 2008</B></P>
</TD><TD valign=bottom width=268.333 colspan=3><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Balances at September 30, 2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=166.867><P>&nbsp;</P></TD><TD valign=bottom width=59.2 rowspan=2><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Assets</B></P>
</TD><TD valign=bottom width=90.467 rowspan=2><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Accumulated depreciation</B></P>
</TD><TD valign=bottom width=89.4 rowspan=2><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Net, property, plant and equipment</B></P>
</TD><TD valign=bottom width=89.4 rowspan=2><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Assets</B></P>
</TD><TD valign=bottom width=89.4 rowspan=2><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Accumulated depreciation</B></P>
</TD><TD valign=bottom width=89.533 rowspan=2><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Net, property, plant and equipment</B></P>
</TD></TR>
<TR><TD valign=bottom width=166.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=166.867><P>&nbsp;</P></TD><TD valign=bottom width=59.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=90.467><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=89.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=89.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=89.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=89.533><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=166.867><P style="line-height:10pt; margin:0px; font-size:8pt">Land</P>
</TD><TD valign=bottom width=59.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>1,576,539</P>
</TD><TD valign=bottom width=90.467><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>-</P>
</TD><TD valign=bottom width=89.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>1,576,539</P>
</TD><TD valign=bottom width=89.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>1,577,414</P>
</TD><TD valign=bottom width=89.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>-</P>
</TD><TD valign=bottom width=89.533><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>1,577,414</P>
</TD></TR>
<TR><TD valign=bottom width=166.867><P style="line-height:10pt; margin:0px; font-size:8pt">Buildings and improvements</P>
</TD><TD valign=bottom width=59.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>220,715</P>
</TD><TD valign=bottom width=90.467><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>(163,144)</P>
</TD><TD valign=bottom width=89.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>57,571</P>
</TD><TD valign=bottom width=89.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>220,837</P>
</TD><TD valign=bottom width=89.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>(158,316)</P>
</TD><TD valign=bottom width=89.533><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>62,521</P>
</TD></TR>
<TR><TD valign=bottom width=166.867><P style="line-height:10pt; margin:0px; font-size:8pt">Machinery and equipment</P>
</TD><TD valign=bottom width=59.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>563,951</P>
</TD><TD valign=bottom width=90.467><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>(555,812)</P>
</TD><TD valign=bottom width=89.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>8,139</P>
</TD><TD valign=bottom width=89.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>563,609</P>
</TD><TD valign=bottom width=89.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>(558,868)</P>
</TD><TD valign=bottom width=89.533><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>4,741</P>
</TD></TR>
<TR><TD valign=bottom width=166.867><P style="line-height:10pt; margin:0px; font-size:8pt"><B>Total</B></P>
</TD><TD valign=bottom width=59.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>2,361,205</B></P>
</TD><TD valign=bottom width=90.467><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>(718,956)</B></P>
</TD><TD valign=bottom width=89.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>1,642,249</B></P>
</TD><TD valign=bottom width=89.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>2,361,860</B></P>
</TD><TD valign=bottom width=89.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>(717,184)</B></P>
</TD><TD valign=bottom width=89.533><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>1,644,676</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="margin:0px; padding-left:4.667px" align=justify>Depreciation charges for the period amounted to ThCh$26,462,630 (ThCh$23,925,640 in 2007) of which ThCh$20,072,468 (ThCh$17,739,245 in 2007) are included under Operating Costs and ThCh$6,390,162 (ThCh$6,186,395 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>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>18</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
</DIV><DIV style="width:664.4px"><P style="margin:0px"><B>Note 12 - Investment in Related Companies</B></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-24px">1.</P>
<P style="margin:0px; padding-left:48px">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>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=55.2></TD><TD width=45.8></TD><TD width=34.933></TD><TD width=43></TD><TD width=33.6></TD><TD width=30.6></TD><TD width=35.667></TD><TD width=35.667></TD><TD width=35.667></TD><TD width=35.667></TD><TD width=35.667></TD><TD width=35.667></TD><TD width=35.667></TD><TD width=35.667></TD><TD width=35.667></TD><TD width=33.667></TD><TD width=37.733></TD><TD width=35.4></TD></TR>
<TR><TD valign=bottom width=55.2 rowspan=2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Company </B></P>
</TD><TD valign=bottom width=45.8 rowspan=2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>&nbsp;Country </B></P>
</TD><TD valign=bottom width=34.933 rowspan=2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>&nbsp;Functional Currency </B></P>
</TD><TD valign=bottom width=43 rowspan=2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>&nbsp;N&#176; of Shares </B></P>
</TD><TD valign=bottom width=64.2 colspan=2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>&nbsp;Ownership &nbsp;Interest </B></P>
</TD><TD valign=bottom width=71.333 colspan=2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>&nbsp;Equity of companies </B></P>
</TD><TD valign=bottom width=71.333 colspan=2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>&nbsp;Income (loss) <BR>
for the period </B></P>
</TD><TD valign=bottom width=71.333 colspan=2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>&nbsp;Accrued income </B></P>
</TD><TD valign=bottom width=71.333 colspan=2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>&nbsp;Partic. in net income (loss) </B></P>
</TD><TD valign=bottom width=69.333 colspan=2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>&nbsp;Unrealized income (loss) </B></P>
</TD><TD valign=bottom width=73.133 colspan=2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Accounting value of investment </B></P>
</TD></TR>
<TR><TD valign=bottom width=33.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2008</B></P>
</TD><TD valign=bottom width=30.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2007</B></P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2008</B></P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2007</B></P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2008</B></P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2007</B></P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2008</B></P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2007</B></P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2008</B></P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2007</B></P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2008</B></P>
</TD><TD valign=bottom width=33.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2007</B></P>
</TD><TD valign=bottom width=37.733><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2008</B></P>
</TD><TD valign=bottom width=35.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=55.2><P>&nbsp;</P></TD><TD valign=bottom width=45.8><P>&nbsp;</P></TD><TD valign=bottom width=34.933><P>&nbsp;</P></TD><TD valign=bottom width=43><P>&nbsp;</P></TD><TD valign=bottom width=33.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>%</P>
</TD><TD valign=bottom width=30.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>%</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>ThCh$</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>ThCh$</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>ThCh$</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>ThCh$</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>ThCh$</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>ThCh$</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>ThCh$</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>ThCh$</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>ThCh$</P>
</TD><TD valign=bottom width=33.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>ThCh$</P>
</TD><TD valign=bottom width=37.733><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>ThCh$</P>
</TD><TD valign=bottom width=35.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>ThCh$</P>
</TD></TR>
<TR><TD valign=bottom width=55.2><P style="line-height:7pt; margin:0px; font-size:5pt">ENVASES CMF S.A.</P>
</TD><TD valign=bottom width=45.8><P style="line-height:7pt; margin:0px; font-size:5pt">CHILE</P>
</TD><TD valign=bottom width=34.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>Ch$</P>
</TD><TD valign=bottom width=43><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>28,000 &nbsp;</P>
</TD><TD valign=bottom width=33.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>50.00%</P>
</TD><TD valign=bottom width=30.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>50.00%</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>36,998,009</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>38,974,222</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>2,191,411</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>2,683,475</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>314,861</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>641,412</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>18,499,005</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>19,487,111</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>1,065,051</P>
</TD><TD valign=bottom width=33.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>1,149,222</P>
</TD><TD valign=bottom width=37.733><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>17,433,954</P>
</TD><TD valign=bottom width=35.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>18,337,889</P>
</TD></TR>
<TR><TD valign=bottom width=55.2><P style="line-height:7pt; margin:0px; font-size:5pt">HOLDFAB PARTIC. LTDA.</P>
</TD><TD valign=bottom width=45.8><P style="line-height:7pt; margin:0px; font-size:5pt">BRAZIL</P>
</TD><TD valign=bottom width=34.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>US$</P>
</TD><TD valign=bottom width=43><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>1,283,158,339 &nbsp;</P>
</TD><TD valign=bottom width=33.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>14.73%</P>
</TD><TD valign=bottom width=30.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>0.00%</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>31,683,897</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>2,329,752</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>343,217</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>4,667,640</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=33.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=37.733><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>4,667,640</P>
</TD><TD valign=bottom width=35.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=55.2><P style="line-height:7pt; margin:0px; font-size:5pt">ENVASES CENTRAL S.A.</P>
</TD><TD valign=bottom width=45.8><P style="line-height:7pt; margin:0px; font-size:5pt">CHILE</P>
</TD><TD valign=bottom width=34.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>Ch$</P>
</TD><TD valign=bottom width=43><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>1,499,398 &nbsp;</P>
</TD><TD valign=bottom width=33.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>49.91%</P>
</TD><TD valign=bottom width=30.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>49.91%</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>5,175,644</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>4,785,344</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>53,030</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(329,961)</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>12,145</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(168,886)</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>2,583,164</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>2,388,366</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>258,319</P>
</TD><TD valign=bottom width=33.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>258,463</P>
</TD><TD valign=bottom width=37.733><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>2,324,845</P>
</TD><TD valign=bottom width=35.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>2,129,903</P>
</TD></TR>
<TR><TD valign=bottom width=55.2><P style="line-height:7pt; margin:0px; font-size:5pt">KAIK PARTIPACOES</P>
</TD><TD valign=bottom width=45.8><P style="line-height:7pt; margin:0px; font-size:5pt">BRAZIL</P>
</TD><TD valign=bottom width=34.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>US$</P>
</TD><TD valign=bottom width=43><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>16,098,919 &nbsp;</P>
</TD><TD valign=bottom width=33.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>11.32%</P>
</TD><TD valign=bottom width=30.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>11.32%</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>9,964,743</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>10,160,567</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(52,874)</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>619,851</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(5,985)</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>70,165</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>1,127,979</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>1,150,145</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=33.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=37.733><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>1,127,979</P>
</TD><TD valign=bottom width=35.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>1,150,145</P>
</TD></TR>
<TR><TD valign=bottom width=55.2><P style="line-height:7pt; margin:0px; font-size:5pt">CICAN S.A.</P>
</TD><TD valign=bottom width=45.8><P style="line-height:7pt; margin:0px; font-size:5pt">ARGENTINA</P>
</TD><TD valign=bottom width=34.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>US$</P>
</TD><TD valign=bottom width=43><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=33.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=30.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>15.00%</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>6,187,681</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(15,856)</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(241,020)</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>940,528</P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=33.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=37.733><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=35.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>940,528</P>
</TD></TR>
<TR><TD valign=bottom width=55.2><P style="line-height:7pt; margin:0px; font-size:5pt"><B>Total</B></P>
</TD><TD valign=bottom width=45.8><P>&nbsp;</P></TD><TD valign=bottom width=34.933><P>&nbsp;</P></TD><TD valign=bottom width=43><P>&nbsp;</P></TD><TD valign=bottom width=33.6><P>&nbsp;</P></TD><TD valign=bottom width=30.6><P>&nbsp;</P></TD><TD valign=bottom width=35.667><P>&nbsp;</P></TD><TD valign=bottom width=35.667><P>&nbsp;</P></TD><TD valign=bottom width=35.667><P>&nbsp;</P></TD><TD valign=bottom width=35.667><P>&nbsp;</P></TD><TD valign=bottom width=35.667><P>&nbsp;</P></TD><TD valign=bottom width=35.667><P>&nbsp;</P></TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right><B>26,877,788</B></P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right><B>23,966,150</B></P>
</TD><TD valign=bottom width=35.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right><B>1,323,370</B></P>
</TD><TD valign=bottom width=33.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right><B>1,407,685</B></P>
</TD><TD valign=bottom width=37.733><P style="line-height:7pt; margin:0px; font-size:5pt" align=right><B>25,554,418</B></P>
</TD><TD valign=bottom width=35.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=right><B>22,558,465</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR>
<BR></P>
</DIV><DIV style="width:664.933px"><P style="line-height:13pt; margin:0px; font-size:11pt" align=center>19</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" 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="margin:0px; padding-left:48px; 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$386,400 capital contribution to Embotelladoras del Sur S.A</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:48px; text-indent:-1px">The amounts disbursed by Embotelladora Andina S.A. in the acquisition of and loan to Embotelladoras del Sur S.A., have 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="margin:0px; padding-left:48px; 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="margin:0px; padding-left:47px">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="margin:0px; padding-left:47px">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="margin:0px; padding-left:47px">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="margin:0px; padding-left:47px">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="margin:0px; padding-left:47px">Envases CMF S.A. (purchase of property, plant and equipment): ThCh$ -1,065,051 in 2008 (ThCh$ -1,149,222 in 2007)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:47px">Envases Central S.A. (purchase of finished products): ThCh$ -14,322 in 2008 (ThCh$ -4,303 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:47.267px">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:47.267px">Income likely to be remitted by subsidiaries abroad amounts to US$257 million. </P>
<P style="margin:0px"><BR></P>
<A NAME="RANGE!A3:S12"></A><A NAME="RANGE!A3:S5"></A><P style="margin:0px"><B>Note 13 - Goodwill and Negative Goodwill </B></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=268.933></TD><TD width=98.2></TD><TD width=104.533></TD><TD width=98.2></TD><TD width=104.4></TD></TR>
<TR><TD valign=bottom width=268.933 rowspan=2><P style="line-height:10pt; margin:0px; font-size:8pt">Company</P>
</TD><TD valign=bottom width=202.733 colspan=2><P style="line-height:10pt; margin:0px; font-size:8pt" align=center>30-sep-08</P>
</TD><TD valign=bottom width=202.6 colspan=2><P style="line-height:10pt; margin:0px; font-size:8pt" align=center>30-sep-07</P>
</TD></TR>
<TR><TD valign=bottom width=98.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=center>Amortization during the period</P>
</TD><TD valign=bottom width=104.533><P style="line-height:10pt; margin:0px; font-size:8pt" align=center>Goodwill balance</P>
</TD><TD valign=bottom width=98.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=center>Amortization during the period</P>
</TD><TD valign=bottom width=104.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=center>Goodwill balance</P>
</TD></TR>
<TR><TD valign=bottom width=268.933><P>&nbsp;</P></TD><TD valign=bottom width=98.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=104.533><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=98.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=104.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=268.933><P style="line-height:10pt; margin:0px; font-size:8pt">RIO DE JANEIRO REFRESCOS LTDA.</P>
</TD><TD valign=bottom width=98.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>2,793,063</P>
</TD><TD valign=bottom width=104.533><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>36,601,117</P>
</TD><TD valign=bottom width=98.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>2,829,338</P>
</TD><TD valign=bottom width=104.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>40,855,599</P>
</TD></TR>
<TR><TD valign=bottom width=268.933><P style="line-height:10pt; margin:0px; font-size:8pt">EMBOTELLADORA DEL ATL&#193;NTICO S.A.</P>
</TD><TD valign=bottom width=98.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>2,166,265</P>
</TD><TD valign=bottom width=104.533><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>21,707,608</P>
</TD><TD valign=bottom width=98.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>2,195,595</P>
</TD><TD valign=bottom width=104.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>24,928,976</P>
</TD></TR>
<TR><TD valign=bottom width=268.933><P style="line-height:10pt; margin:0px; font-size:8pt">VITAL S. A.</P>
</TD><TD valign=bottom width=98.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>-</P>
</TD><TD valign=bottom width=104.533><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>-</P>
</TD><TD valign=bottom width=98.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>81,602</P>
</TD><TD valign=bottom width=104.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=268.933><P style="line-height:10pt; margin:0px; font-size:8pt"><B>Total</B></P>
</TD><TD valign=bottom width=98.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>4,959,328</B></P>
</TD><TD valign=bottom width=104.533><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>58,308,725</B></P>
</TD><TD valign=bottom width=98.2><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>5,106,535</B></P>
</TD><TD valign=bottom width=104.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>65,784,575</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<A NAME="RANGE!A2:F5"></A><A NAME="RANGE!A2:F10"></A><P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>20</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Note 14 - Other Long Term Assets</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=448.267></TD><TD width=113></TD><TD width=113></TD></TR>
<TR><TD valign=bottom width=448.267><P>&nbsp;</P></TD><TD valign=bottom width=113><P style="margin:0px" align=center><B>30-sep-08</B></P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=center><B>30-sep-07</B></P>
</TD></TR>
<TR><TD valign=bottom width=448.267><P style="margin:0px">Bonds:</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=448.267><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Celulosa Arauco S.A.</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>1,674,312 &nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=448.267><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=113><P style="margin:0px" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>7,636,406 &nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=448.267><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=113><P style="margin:0px" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>1,118,682 &nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=448.267><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Codelco S.A.</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>2,601,456 &nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=448.267><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Raytheon Company</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>2,213,984 &nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=448.267><P style="margin:0px">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Paper Company</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>2,184,709 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=448.267><P style="margin:0px">Judicial deposits (Brazil)</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>8,609,493 &nbsp;</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>7,355,742 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=448.267><P style="margin:0px">Transfer fiscal credits (Brazil)</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>5,340,205 &nbsp;</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>5,839,291 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=448.267><P style="margin:0px">Prepaid expenses</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>3,666,371 &nbsp;</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>2,986,572 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=448.267><P style="margin:0px">Bond issuance and placement expenses</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>2,873,871 &nbsp;</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>3,174,368 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=448.267><P style="margin:0px">Spare parts</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>2,597,970 &nbsp;</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>3,068,843 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=448.267><P style="margin:0px">Non operating assets</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>1,387,378 &nbsp;</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>562,371 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=448.267><P style="margin:0px">Cross currency swaps</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>3,141,977 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=448.267><P style="margin:0px">Others</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>57,237 &nbsp;</P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right>62,361 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=448.267><P style="margin:0px"><B>Total</B></P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right><B>24,532,525 &nbsp;</B></P>
</TD><TD valign=bottom width=113><P style="margin:0px" align=right><B>43,621,074 &nbsp;</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>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>21</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Note 15 - 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:0"><TD width=262.333></TD><TD width=70.067></TD><TD width=80></TD><TD width=64.933></TD><TD width=64.933></TD><TD width=69.333></TD><TD width=62.667></TD></TR>
<TR><TD valign=bottom width=332.4 colspan=2><P style="margin:0px"><B>a) SHORT TERM BANK LIABILITIES</B></P>
</TD><TD valign=bottom width=80><P>&nbsp;</P></TD><TD valign=bottom width=64.933><P>&nbsp;</P></TD><TD valign=bottom width=64.933><P>&nbsp;</P></TD><TD valign=bottom width=69.333><P>&nbsp;</P></TD><TD valign=bottom width=62.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=262.333><P>&nbsp;</P></TD><TD valign=bottom width=70.067><P>&nbsp;</P></TD><TD valign=bottom width=80><P>&nbsp;</P></TD><TD valign=bottom width=64.933><P>&nbsp;</P></TD><TD valign=bottom width=64.933><P>&nbsp;</P></TD><TD valign=bottom width=69.333><P>&nbsp;</P></TD><TD valign=bottom width=62.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=262.333><P>&nbsp;</P></TD><TD valign=bottom width=279.933 colspan=4><P style="margin:0px" align=center><B>Currency or indexation adjustment</B></P>
</TD><TD valign=bottom width=69.333><P>&nbsp;</P></TD><TD valign=bottom width=62.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=262.333><P style="margin:0px"><B>Bank or Financial Institution</B></P>
</TD><TD valign=bottom width=150.067 colspan=2><P style="margin:0px" align=center><B>Other foreign currencies</B></P>
</TD><TD valign=bottom width=129.867 colspan=2><P style="margin:0px" align=center><B>Indexed Ch$</B></P>
</TD><TD valign=bottom width=132 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=262.333><P>&nbsp;</P></TD><TD valign=bottom width=70.067><P style="margin:0px" align=center><B>2008</B></P>
</TD><TD valign=bottom width=80><P style="margin:0px" align=center><B>2007</B></P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=center><B>2008</B></P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=center><B>2007</B></P>
</TD><TD valign=bottom width=69.333><P style="margin:0px" align=center><B>2008</B></P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=center><B>2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=262.333><P>&nbsp;</P></TD><TD valign=bottom width=70.067><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD><TD valign=bottom width=80><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD><TD valign=bottom width=69.333><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=center><B>&nbsp;ThCh$ </B></P>
</TD></TR>
<TR><TD valign=bottom width=262.333><P style="margin:0px">BANCO NVO SANTA FE</P>
</TD><TD valign=bottom width=70.067><P style="margin:0px" align=right>1,861,059 &nbsp;</P>
</TD><TD valign=bottom width=80><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=69.333><P style="margin:0px" align=right>1,861,059 &nbsp;</P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=262.333><P style="margin:0px">BANCO BBVA FRANCES</P>
</TD><TD valign=bottom width=70.067><P style="margin:0px" align=right>5,215,536 &nbsp;</P>
</TD><TD valign=bottom width=80><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=69.333><P style="margin:0px" align=right>5,215,536 &nbsp;</P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=262.333><P style="margin:0px">BANCO BILBAO VIZCAYA ARGENTARIA</P>
</TD><TD valign=bottom width=70.067><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=80><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=right>37,343 &nbsp;</P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=69.333><P style="margin:0px" align=right>37,343 &nbsp;</P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=262.333><P style="margin:0px">BANCO BBVA</P>
</TD><TD valign=bottom width=70.067><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=80><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=right>2,745,616 &nbsp;</P>
</TD><TD valign=bottom width=69.333><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right>2,745,616 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=262.333><P style="margin:0px">BANCO GALICIA</P>
</TD><TD valign=bottom width=70.067><P style="margin:0px" align=right>3,570,333 &nbsp;</P>
</TD><TD valign=bottom width=80><P style="margin:0px" align=right>6,655,576 &nbsp;</P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=69.333><P style="margin:0px" align=right>3,570,333 &nbsp;</P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right>6,655,576 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=262.333><P style="margin:0px">BANCO SANTANDER</P>
</TD><TD valign=bottom width=70.067><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=80><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=right>430 &nbsp;</P>
</TD><TD valign=bottom width=69.333><P style="margin:0px" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right>430 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=262.333><P style="margin:0px"><B>Total</B></P>
</TD><TD valign=bottom width=70.067><P style="margin:0px" align=right><B>10,646,928 &nbsp;</B></P>
</TD><TD valign=bottom width=80><P style="margin:0px" align=right><B>6,655,576 &nbsp;</B></P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=right><B>37,343 &nbsp;</B></P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=right><B>2,746,046 &nbsp;</B></P>
</TD><TD valign=bottom width=69.333><P style="margin:0px" align=right><B>10,684,271 &nbsp;</B></P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right><B>9,401,622 &nbsp;</B></P>
</TD></TR>
<TR><TD valign=bottom width=262.333><P style="margin:0px"><B>Principal due</B></P>
</TD><TD valign=bottom width=70.067><P style="margin:0px" align=right><B>10,329,941 &nbsp;</B></P>
</TD><TD valign=bottom width=80><P style="margin:0px" align=right><B>6,655,576 &nbsp;</B></P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=right><B>37,343 &nbsp;</B></P>
</TD><TD valign=bottom width=64.933><P style="margin:0px" align=right><B>2,745,616 &nbsp;</B></P>
</TD><TD valign=bottom width=69.333><P style="margin:0px" align=right><B>10,367,284 &nbsp;</B></P>
</TD><TD valign=bottom width=62.667><P style="margin:0px" align=right><B>9,401,192 &nbsp;</B></P>
</TD></TR>
<TR><TD valign=bottom width=262.333><P>&nbsp;</P></TD><TD valign=bottom width=70.067><P>&nbsp;</P></TD><TD valign=bottom width=80><P>&nbsp;</P></TD><TD valign=bottom width=64.933><P>&nbsp;</P></TD><TD valign=bottom width=64.933><P>&nbsp;</P></TD><TD valign=bottom width=69.333><P>&nbsp;</P></TD><TD valign=bottom width=62.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=262.333><P style="margin:0px">Annual average interest rate </P>
</TD><TD valign=bottom width=70.067><P style="margin:0px" align=right>17.64%</P>
</TD><TD valign=bottom width=80><P style="margin:0px" align=right>13.47%</P>
</TD><TD valign=bottom width=64.933><P>&nbsp;</P></TD><TD valign=bottom width=64.933><P>&nbsp;</P></TD><TD valign=bottom width=69.333><P>&nbsp;</P></TD><TD valign=bottom width=62.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=262.333><P style="margin:0px">Foreign currency liabilities </P>
</TD><TD valign=bottom width=70.067><P style="margin:0px" align=right>99.65%</P>
</TD><TD valign=bottom width=80><P>&nbsp;</P></TD><TD valign=bottom width=64.933><P>&nbsp;</P></TD><TD valign=bottom width=64.933><P>&nbsp;</P></TD><TD valign=bottom width=69.333><P>&nbsp;</P></TD><TD valign=bottom width=62.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=262.333><P style="margin:0px">Local currency liabilities </P>
</TD><TD valign=bottom width=70.067><P style="margin:0px" align=right>0.35%</P>
</TD><TD valign=bottom width=80><P>&nbsp;</P></TD><TD valign=bottom width=64.933><P>&nbsp;</P></TD><TD valign=bottom width=64.933><P>&nbsp;</P></TD><TD valign=bottom width=69.333><P>&nbsp;</P></TD><TD valign=bottom width=62.667><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=287.467></TD><TD width=88.733></TD><TD width=88.733></TD><TD width=104.667></TD><TD width=104.667></TD></TR>
<TR><TD valign=bottom width=464.933 colspan=3><P style="margin:0px"><B>b) LONG TERM BANK LIABILITIES (short term portion)</B></P>
</TD><TD valign=bottom width=104.667><P>&nbsp;</P></TD><TD valign=bottom width=104.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=287.467><P>&nbsp;</P></TD><TD valign=bottom width=386.8 colspan=4><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=287.467><P>&nbsp;</P></TD><TD valign=bottom width=386.8 colspan=4><P style="margin:0px" align=center><B>Currency or indexation adjustment</B></P>
</TD></TR>
<TR><TD valign=bottom width=287.467><P style="margin:0px"><B>Bank or Financial Institution</B></P>
</TD><TD valign=bottom width=177.467 colspan=2><P style="margin:0px" align=center><B>Other foreign currencies</B></P>
</TD><TD valign=bottom width=209.333 colspan=2><P style="margin:0px" align=center><B>TOTAL</B></P>
</TD></TR>
<TR><TD valign=bottom width=287.467><P>&nbsp;</P></TD><TD valign=bottom width=88.733><P style="margin:0px" align=center><B>2008</B></P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=center><B>2007</B></P>
</TD><TD valign=bottom width=104.667><P style="margin:0px" align=center><B>2008</B></P>
</TD><TD valign=bottom width=104.667><P style="margin:0px" align=center><B>2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=287.467><P>&nbsp;</P></TD><TD valign=bottom width=88.733><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=104.667><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=104.667><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=287.467><P style="margin:0px">BANCO ALFA</P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=right>121,159 &nbsp;</P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=right>128,097 &nbsp;</P>
</TD><TD valign=bottom width=104.667><P style="margin:0px" align=right>121,159 &nbsp;</P>
</TD><TD valign=bottom width=104.667><P style="margin:0px" align=right>128,097 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=287.467><P style="margin:0px">BANCO SANTANDER</P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=right>94,232 &nbsp;</P>
</TD><TD valign=bottom width=104.667><P style="margin:0px" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=104.667><P style="margin:0px" align=right>94,232 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=287.467><P style="margin:0px">BANCO BOSTON</P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=right>5,865 &nbsp;</P>
</TD><TD valign=bottom width=104.667><P style="margin:0px" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=104.667><P style="margin:0px" align=right>5,865 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=287.467><P style="margin:0px">BANCO VOTORANTIM</P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=right>1,918 &nbsp;</P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=right>1,858 &nbsp;</P>
</TD><TD valign=bottom width=104.667><P style="margin:0px" align=right>1,918 &nbsp;</P>
</TD><TD valign=bottom width=104.667><P style="margin:0px" align=right>1,858 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=287.467><P style="margin:0px"><B>Total</B></P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=right><B>123,077 &nbsp;</B></P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=right><B>230,052 &nbsp;</B></P>
</TD><TD valign=bottom width=104.667><P style="margin:0px" align=right><B>123,077 &nbsp;</B></P>
</TD><TD valign=bottom width=104.667><P style="margin:0px" align=right><B>230,052 &nbsp;</B></P>
</TD></TR>
<TR><TD valign=bottom width=287.467><P style="margin:0px"><B>Principal due</B></P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=right><B>123,077 &nbsp;</B></P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=right><B>230,052 &nbsp;</B></P>
</TD><TD valign=bottom width=104.667><P style="margin:0px" align=right><B>123,077 &nbsp;</B></P>
</TD><TD valign=bottom width=104.667><P style="margin:0px" align=right><B>230,052 &nbsp;</B></P>
</TD></TR>
<TR><TD valign=bottom width=287.467><P>&nbsp;</P></TD><TD valign=bottom width=88.733><P>&nbsp;</P></TD><TD valign=bottom width=88.733><P>&nbsp;</P></TD><TD valign=bottom width=104.667><P>&nbsp;</P></TD><TD valign=bottom width=104.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=287.467><P style="margin:0px">Annual average interest rate </P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=right>11.89%</P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=right>15.66%</P>
</TD><TD valign=bottom width=104.667><P>&nbsp;</P></TD><TD valign=bottom width=104.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=287.467><P>&nbsp;</P></TD><TD valign=bottom width=88.733><P>&nbsp;</P></TD><TD valign=bottom width=88.733><P>&nbsp;</P></TD><TD valign=bottom width=104.667><P>&nbsp;</P></TD><TD valign=bottom width=104.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=287.467><P style="margin:0px">Foreign currency liabilities </P>
</TD><TD valign=bottom width=88.733><P style="margin:0px" align=right>100.00%</P>
</TD><TD valign=bottom width=88.733><P>&nbsp;</P></TD><TD valign=bottom width=104.667><P>&nbsp;</P></TD><TD valign=bottom width=104.667><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<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 16 - Long-Term Bank Liabilities</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=164.6></TD><TD width=88.733></TD><TD width=70.133></TD><TD width=70.133></TD><TD width=70.267></TD><TD width=70.133></TD><TD width=70.133></TD><TD width=70.133></TD></TR>
<TR><TD valign=bottom width=164.6><P>&nbsp;</P></TD><TD valign=bottom width=88.733><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Currency</B></P>
</TD><TD valign=bottom width=210.533 colspan=3><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Years to maturity</B></P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Total long</B></P>
</TD><TD valign=bottom width=70.133 rowspan=2><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Annual average interest rate</B></P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Total long</B></P>
</TD></TR>
<TR><TD valign=bottom width=164.6><P style="line-height:10pt; margin:0px; font-size:8pt"><B>Bank or Financial Institution</B></P>
</TD><TD valign=bottom width=88.733><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>or indexation adjustment</B></P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>More than 1 up to 2</B></P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>More than 2 up to 3</B></P>
</TD><TD valign=bottom width=70.267><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>More than 3 up to 5</B></P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>term at period end &nbsp;2008</B></P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>term at period end &nbsp;2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=164.6><P>&nbsp;</P></TD><TD valign=bottom width=88.733><P>&nbsp;</P></TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=70.267><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=70.133><P>&nbsp;</P></TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=164.6><P style="line-height:10pt; margin:0px; font-size:8pt">BANCO VOTORANTIM</P>
</TD><TD valign=bottom width=88.733><P style="line-height:10pt; margin:0px; font-size:8pt">Other currencies</P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>231,312 &nbsp;</P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>118,828 &nbsp;</P>
</TD><TD valign=bottom width=70.267><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>59,841 &nbsp;</P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>409,981 &nbsp;</P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>9.40%</P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>494,575 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=164.6><P style="line-height:10pt; margin:0px; font-size:8pt">BANCO ALFA</P>
</TD><TD valign=bottom width=88.733><P style="line-height:10pt; margin:0px; font-size:8pt">Other currencies</P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>121,279 &nbsp;</P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>81,498 &nbsp;</P>
</TD><TD valign=bottom width=70.267><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>202,777 &nbsp;</P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>10.80%</P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>338,962 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=164.6><P style="line-height:10pt; margin:0px; font-size:8pt"><B>TOTAL</B></P>
</TD><TD valign=bottom width=88.733><P>&nbsp;</P></TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>352,591 &nbsp;</B></P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>200,326 &nbsp;</B></P>
</TD><TD valign=bottom width=70.267><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>59,841 &nbsp;</B></P>
</TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>612,758 &nbsp;</B></P>
</TD><TD valign=bottom width=70.133><P>&nbsp;</P></TD><TD valign=bottom width=70.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>833,537 &nbsp;</B></P>
</TD></TR>
<TR><TD valign=bottom width=164.6><P style="line-height:10pt; margin:0px; font-size:8pt">Foreign currency liabilities</P>
</TD><TD valign=bottom width=88.733><P style="line-height:10pt; margin:0px; font-size:8pt">100%</P>
</TD><TD valign=bottom width=70.133><P>&nbsp;</P></TD><TD valign=bottom width=70.133><P>&nbsp;</P></TD><TD valign=bottom width=70.267><P>&nbsp;</P></TD><TD valign=bottom width=70.133><P>&nbsp;</P></TD><TD valign=bottom width=70.133><P>&nbsp;</P></TD><TD valign=bottom width=70.133><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="RANGE!A1:H10"></A><P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>22</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Note 17 &#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; margin-bottom:-16px; padding-left:47.267px">A</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:47.267px; text-indent:47.267px">:</P>
<P style="margin:0px; padding-left:47.267px; text-indent:94.533px">Rating according to Fitch Ratings Ltd.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:47.267px">BBB+</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:47.267px; text-indent:47.267px">:</P>
<P style="margin:0px; padding-left:47.267px; text-indent:94.533px">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; margin-bottom:-16px; padding-left:47.267px">AA+</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:47.267px; text-indent:47.267px">:</P>
<P style="margin:0px; padding-left:47.267px; text-indent:94.533px">Rating according to Fitch Chile Clasificadora de Riesgo Ltda.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:47.267px">AA </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:47.267px; text-indent:47.267px">:</P>
<P style="margin:0px; padding-left:47.267px; text-indent:94.533px">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:47.267px">Bond repurchases.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:47.267px">During 2000, 2001, 2002, 2007 and 2008, 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$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:47.267px">Bonds issued by the subsidiary Rio de Janeiro Refrescos Ltda. (RJR).</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:47.267px">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>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=189.667></TD><TD width=31.533></TD><TD width=44.733></TD><TD width=76.267></TD><TD width=38.267></TD><TD width=52.2></TD><TD width=56.8></TD><TD width=58.933></TD><TD width=48.333></TD><TD width=48.333></TD><TD width=47.867></TD></TR>
<TR><TD valign=bottom width=189.667 rowspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Instrument subscription or ID N&#176;</B></P>
</TD><TD valign=bottom width=31.533 rowspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Series</B></P>
</TD><TD valign=bottom width=44.733 rowspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Current nominal value</B></P>
</TD><TD valign=bottom width=76.267 rowspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Currency</B></P>
</TD><TD valign=bottom width=38.267 rowspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Interest rate</B></P>
</TD><TD valign=bottom width=52.2 rowspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Maturity date</B></P>
</TD><TD valign=bottom width=115.733 colspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Term</B></P>
</TD><TD valign=bottom width=96.667 colspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Par value</B></P>
</TD><TD valign=bottom width=47.867 rowspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Placement in Chile or abroad</B></P>
</TD></TR>
<TR><TD valign=bottom width=56.8><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Interest paid</B></P>
</TD><TD valign=bottom width=58.933><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Amortization period</B></P>
</TD><TD valign=bottom width=48.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>2008</B></P>
</TD><TD valign=bottom width=48.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=189.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Current portion of bonds payable</P>
</TD><TD valign=bottom width=31.533><P>&nbsp;</P></TD><TD valign=bottom width=44.733><P>&nbsp;</P></TD><TD valign=bottom width=76.267><P>&nbsp;</P></TD><TD valign=bottom width=38.267><P>&nbsp;</P></TD><TD valign=bottom width=52.2><P>&nbsp;</P></TD><TD valign=bottom width=56.8><P>&nbsp;</P></TD><TD valign=bottom width=58.933><P>&nbsp;</P></TD><TD valign=bottom width=48.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=48.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=47.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=189.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Register 254 SVS June 13, 2001 capital and interest</P>
</TD><TD valign=bottom width=31.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>A</P>
</TD><TD valign=bottom width=44.733><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- &nbsp;&nbsp;</P>
</TD><TD valign=bottom width=76.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>UF</P>
</TD><TD valign=bottom width=38.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>6.20%</P>
</TD><TD valign=bottom width=52.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>Jun. 1, 2008</P>
</TD><TD valign=bottom width=56.8><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Semiannual</P>
</TD><TD valign=bottom width=58.933><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>jun-08</P>
</TD><TD valign=bottom width=48.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=48.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>14,116,933 &nbsp;</P>
</TD><TD valign=bottom width=47.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">&nbsp;&nbsp;&nbsp;Chile</P>
</TD></TR>
<TR><TD valign=bottom width=189.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Register 254 SVS June 13, 2001 capital and interest</P>
</TD><TD valign=bottom width=31.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>B</P>
</TD><TD valign=bottom width=44.733><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>3,700,000</P>
</TD><TD valign=bottom width=76.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>UF</P>
</TD><TD valign=bottom width=38.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>6.50%</P>
</TD><TD valign=bottom width=52.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>Jun. 1, 2026</P>
</TD><TD valign=bottom width=56.8><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Semiannual</P>
</TD><TD valign=bottom width=58.933><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>dic-09</P>
</TD><TD valign=bottom width=48.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,656,078 &nbsp;</P>
</TD><TD valign=bottom width=48.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,654,050 &nbsp;</P>
</TD><TD valign=bottom width=47.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">&nbsp;&nbsp;&nbsp;Chile</P>
</TD></TR>
<TR><TD valign=bottom width=189.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Total current maturities</B></P>
</TD><TD valign=bottom width=31.533><P>&nbsp;</P></TD><TD valign=bottom width=44.733><P>&nbsp;</P></TD><TD valign=bottom width=76.267><P>&nbsp;</P></TD><TD valign=bottom width=38.267><P>&nbsp;</P></TD><TD valign=bottom width=52.2><P>&nbsp;</P></TD><TD valign=bottom width=56.8><P>&nbsp;</P></TD><TD valign=bottom width=58.933><P>&nbsp;</P></TD><TD valign=bottom width=48.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>1,656,078 &nbsp;</B></P>
</TD><TD valign=bottom width=48.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>15,770,983 &nbsp;</B></P>
</TD><TD valign=bottom width=47.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=189.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Long term portion of bonds payable</P>
</TD><TD valign=bottom width=31.533><P>&nbsp;</P></TD><TD valign=bottom width=44.733><P>&nbsp;</P></TD><TD valign=bottom width=76.267><P>&nbsp;</P></TD><TD valign=bottom width=38.267><P>&nbsp;</P></TD><TD valign=bottom width=52.2><P>&nbsp;</P></TD><TD valign=bottom width=56.8><P>&nbsp;</P></TD><TD valign=bottom width=58.933><P>&nbsp;</P></TD><TD valign=bottom width=48.333><P>&nbsp;</P></TD><TD valign=bottom width=48.333><P>&nbsp;</P></TD><TD valign=bottom width=47.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=189.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Yankee bonds</P>
</TD><TD valign=bottom width=31.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>B</P>
</TD><TD valign=bottom width=44.733><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;&nbsp;</P>
</TD><TD valign=bottom width=76.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>US$ Exchange rate</P>
</TD><TD valign=bottom width=38.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>7.625%</P>
</TD><TD valign=bottom width=52.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>Oct. 1, 2027</P>
</TD><TD valign=bottom width=56.8><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Semiannual</P>
</TD><TD valign=bottom width=58.933><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>oct-27</P>
</TD><TD valign=bottom width=48.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=48.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,235,098 &nbsp;</P>
</TD><TD valign=bottom width=47.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">&nbsp;&nbsp;&nbsp;Abroad</P>
</TD></TR>
<TR><TD valign=bottom width=189.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Register 254 SVS June 13, 2001</P>
</TD><TD valign=bottom width=31.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>B</P>
</TD><TD valign=bottom width=44.733><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>3,700,000</P>
</TD><TD valign=bottom width=76.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>UF</P>
</TD><TD valign=bottom width=38.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>6.50%</P>
</TD><TD valign=bottom width=52.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>Jun. 1, 2026</P>
</TD><TD valign=bottom width=56.8><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Semiannual</P>
</TD><TD valign=bottom width=58.933><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center>dic-09</P>
</TD><TD valign=bottom width=48.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>77,656,858 &nbsp;</P>
</TD><TD valign=bottom width=48.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>77,561,562 &nbsp;</P>
</TD><TD valign=bottom width=47.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">&nbsp;&nbsp;&nbsp;Chile</P>
</TD></TR>
<TR><TD valign=bottom width=189.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Total long term</B></P>
</TD><TD valign=bottom width=31.533><P>&nbsp;</P></TD><TD valign=bottom width=44.733><P>&nbsp;</P></TD><TD valign=bottom width=76.267><P>&nbsp;</P></TD><TD valign=bottom width=38.267><P>&nbsp;</P></TD><TD valign=bottom width=52.2><P>&nbsp;</P></TD><TD valign=bottom width=56.8><P>&nbsp;</P></TD><TD valign=bottom width=58.933><P>&nbsp;</P></TD><TD valign=bottom width=48.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>77,656,858 &nbsp;</B></P>
</TD><TD valign=bottom width=48.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>79,796,660 &nbsp;</B></P>
</TD><TD valign=bottom width=47.867><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Note 18 - Provisions and Write-Offs</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=318.667></TD><TD width=64></TD><TD width=64></TD><TD width=70.667></TD><TD width=70.667></TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=318.667><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=128 colspan=2 rowspan=2><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Short term</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=141.333 colspan=2 rowspan=2><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Long term</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=318.667><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Provisions</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=318.667><P style="margin:0px; font-size:8pt">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=64><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>2008</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=64><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>2007</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=70.667><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>2008</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=70.667><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>2007</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=318.667><P style="margin:0px; font-size:8pt" align=center>&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=64><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=64><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=70.667><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=70.667><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=318.667><P style="margin:0px; font-size:8pt" align=center>&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=64><P style="margin:0px; font-size:8pt" align=center><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=64><P style="margin:0px; font-size:8pt" align=center>&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=70.667><P style="margin:0px; font-size:8pt" align=center><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=70.667><P style="margin:0px; font-size:8pt" align=center>&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=318.667><P style="line-height:10pt; margin:0px; font-size:8pt">Taxation on banking transactions and social contributions (Brazil)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=64><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>3,078,641 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=64><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>2,988,005 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=70.667><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>6,590,170 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=70.667><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>9,097,821 &nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=318.667><P style="line-height:10pt; margin:0px; font-size:8pt">Staff severance indemnities</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=64><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>699,274 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=64><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>771,949 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=70.667><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>6,947,162 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=70.667><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>6,696,989 &nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=318.667><P style="line-height:10pt; margin:0px; font-size:8pt">Contingencies</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=64><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>4,725 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=64><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>52,092 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=70.667><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>2,535,096 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=70.667><P style="line-height:10pt; margin:0px; font-size:8pt" align=right>2,580,243 &nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=318.667><P style="line-height:10pt; margin:0px; font-size:8pt"><B>TOTAL</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=64><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>3,782,640 &nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=64><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>3,812,046 &nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=70.667><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>16,072,428 &nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=70.667><P style="line-height:10pt; margin:0px; font-size:8pt" align=right><B>18,375,053 &nbsp;</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="RANGE!A2:E9"></A><P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>23</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Note 19 - Staff Severance Indemnities</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=388.667></TD><TD width=149.533></TD><TD width=136.067></TD></TR>
<TR><TD valign=bottom width=388.667><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF" valign=bottom width=149.533><P style="margin:0px" align=center><B>30-sep-08</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=136.067><P style="margin:0px" align=center><B>30-sep-07</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px"><B>Staff Severance Indemnities</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.533><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=136.067><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px">Beginning balance</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.533><P style="margin:0px" align=right>7,133,867</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=136.067><P style="margin:0px" align=right>6,807,169</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px">Provision for the period</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.533><P style="margin:0px" align=right>1,485,330</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=136.067><P style="margin:0px" align=right>787,960</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px">Payments</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.533><P style="margin:0px" align=right>(972,761)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=136.067><P style="margin:0px" align=right>(126,191)</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px"><B>Ending balance</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.533><P style="margin:0px" align=right><B>7,646,436</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=136.067><P style="margin:0px" align=right><B>7,468,938</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><B>&nbsp;</B></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:0"><TD width=388.667></TD><TD width=149.667></TD><TD width=135.933></TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.667><P style="margin:0px" align=center><B>30-sep-08</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=135.933><P style="margin:0px" align=center><B>30-sep-07</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px"><B>LIABILITIES</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.667><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=135.933><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px">Vital Aguas S. A.</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.667><P style="margin:0px" align=right>1,319,559</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=135.933><P style="margin:0px" align=right>1,354,644</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px">Embotelladora del Atl&#225;ntico S. A.</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.667><P style="margin:0px" align=right>9,104</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=135.933><P style="margin:0px" align=right>9,730</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px">Andina Inversiones &nbsp;Societarias S.A.</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.667><P style="margin:0px" align=right>19</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=135.933><P style="margin:0px" align=right>47</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.667><P style="margin:0px" align=right><B>1,328,682</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=135.933><P style="margin:0px" align=right><B>1,364,421</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.667><P style="margin:0px" align=right>&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=135.933><P style="margin:0px" align=right>&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.667><P style="margin:0px" align=center><B>30-sep-08</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=135.933><P style="margin:0px" align=center><B>30-sep-07</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px"><B>INCOME STATEMENT</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.667><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=135.933><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px">Vital Aguas S. A.</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.667><P style="margin:0px" align=right>46,702</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=135.933><P style="margin:0px" align=right>(32,595)</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px">Embotelladora del Atl&#225;ntico S. A.</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.667><P style="margin:0px" align=right>(832)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=135.933><P style="margin:0px" align=right>(391)</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px">Andina Inversiones &nbsp;Societarias S.A.</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.667><P style="margin:0px" align=right>(2)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=135.933><P style="margin:0px" align=right>(5)</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=388.667><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=149.667><P style="margin:0px" align=right><B>45,868</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=135.933><P style="margin:0px" align=right><B>(32,991)</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>24</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
</DIV><DIV style="width:664.4px"><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:0"><TD width=99.667></TD><TD width=45.4></TD><TD width=45.533></TD><TD width=45.533></TD><TD width=45.467></TD><TD width=45.6></TD><TD width=45.6></TD><TD width=6></TD><TD width=48.267></TD><TD width=48.267></TD><TD width=48.267></TD><TD width=48.267></TD><TD width=48.267></TD><TD width=48.133></TD></TR>
<TR><TD valign=bottom width=99.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=273.133 colspan=6><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>September 30,2008</B></P>
</TD><TD valign=bottom width=6><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=289.467 colspan=6><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>September 30,2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=99.667><P>&nbsp;</P></TD><TD valign=bottom width=45.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Paid in Capital</B></P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Reserve Capital Revalued</B></P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Other Reserves</B></P>
</TD><TD valign=bottom width=45.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Accumulated Income</B></P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Interim Dividends</B></P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Net Income</B></P>
</TD><TD valign=bottom width=6><P>&nbsp;</P></TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Paid in Capital</B></P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Reserve Capital Revalued</B></P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Other Reserves</B></P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Accumulated Income</B></P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Interim Dividends</B></P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Net Income</B></P>
</TD></TR>
<TR><TD valign=bottom width=99.667><P>&nbsp;</P></TD><TD valign=bottom width=45.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=45.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=6><P>&nbsp;</P></TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=99.667><P style="line-height:7pt; margin:0px; font-size:5pt">Beginning balance</P>
</TD><TD valign=bottom width=45.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>217,013,513</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(11,443,442)</P>
</TD><TD valign=bottom width=45.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>11,171,454</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(17,194,331)</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>81,601,944</P>
</TD><TD valign=bottom width=6><P>&nbsp;</P></TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>202,060,999</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>1,750,275</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>10,005,036</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(13,438,065)</P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>74,355,094</P>
</TD></TR>
<TR><TD valign=bottom width=99.667><P style="line-height:7pt; margin:0px; font-size:5pt">Distribution of prior year income</P>
</TD><TD valign=bottom width=45.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>64,407,613</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>17,194,331</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(81,601,944)</P>
</TD><TD valign=bottom width=6><P>&nbsp;</P></TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>60,917,029</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>13,438,065</P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(74,355,094)</P>
</TD></TR>
<TR><TD valign=bottom width=99.667><P style="line-height:7pt; margin:0px; font-size:5pt">Final dividend prior year</P>
</TD><TD valign=bottom width=45.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(7,667,367)</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=6><P>&nbsp;</P></TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(8,876,966)</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=99.667><P style="line-height:7pt; margin:0px; font-size:5pt">Translation adjustment reserve</P>
</TD><TD valign=bottom width=45.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>7,062,983</P>
</TD><TD valign=bottom width=45.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=6><P>&nbsp;</P></TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(10,563,532)</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=99.667><P style="line-height:7pt; margin:0px; font-size:5pt">Extraordinary dividend charge to accumulated income</P>
</TD><TD valign=bottom width=45.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(50,387,956)</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=6><P>&nbsp;</P></TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(52,040,412)</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=99.667><P style="line-height:7pt; margin:0px; font-size:5pt">Capital revalued</P>
</TD><TD valign=bottom width=45.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>14,973,932</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(789,598)</P>
</TD><TD valign=bottom width=45.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>5,214,956</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=6><P>&nbsp;</P></TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>10,305,111</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>89,264</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>936,658</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(178,816)</P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=99.667><P style="line-height:7pt; margin:0px; font-size:5pt">Income for the period </P>
</TD><TD valign=bottom width=45.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>55,488,278</P>
</TD><TD valign=bottom width=6><P>&nbsp;</P></TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>49,600,577</P>
</TD></TR>
<TR><TD valign=bottom width=99.667><P style="line-height:7pt; margin:0px; font-size:5pt">Interim dividends</P>
</TD><TD valign=bottom width=45.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(11,377,204)</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=6><P>&nbsp;</P></TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(11,176,036)</P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=99.667><P style="line-height:7pt; margin:0px; font-size:5pt">Ending balance</P>
</TD><TD valign=bottom width=45.4><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>217,013,513</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>14,973,932</P>
</TD><TD valign=bottom width=45.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(5,170,057)</P>
</TD><TD valign=bottom width=45.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>22,738,700</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(11,377,204)</P>
</TD><TD valign=bottom width=45.6><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>55,488,278</P>
</TD><TD valign=bottom width=6><P>&nbsp;</P></TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>202,060,999</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>10,305,111</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(8,723,993)</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>10,941,345</P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(11,354,852)</P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>49,600,577</P>
</TD></TR>
<TR><TD valign=bottom width=99.667><P style="line-height:7pt; margin:0px; font-size:5pt"><B>Price level restated balances</B></P>
</TD><TD valign=bottom width=45.4><P>&nbsp;</P></TD><TD valign=bottom width=45.533><P>&nbsp;</P></TD><TD valign=bottom width=45.533><P>&nbsp;</P></TD><TD valign=bottom width=45.467><P>&nbsp;</P></TD><TD valign=bottom width=45.6><P>&nbsp;</P></TD><TD valign=bottom width=45.6><P>&nbsp;</P></TD><TD valign=bottom width=6><P>&nbsp;</P></TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right><B>220,852,672</B></P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right><B>11,263,486</B></P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right><B>(9,535,324)</B></P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right><B>11,958,890</B></P>
</TD><TD valign=bottom width=48.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right><B>(12,410,853)</B></P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right><B>54,213,431</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:0"><TD width=43.4></TD><TD width=112.733></TD><TD width=89.4></TD><TD width=214.933></TD></TR>
<TR><TD valign=bottom width=156.133 colspan=2><P style="margin:0px"><B>Number of shares</B></P>
</TD><TD valign=bottom width=89.4><P>&nbsp;</P></TD><TD valign=bottom width=214.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=43.4><P style="margin:0px" align=center><B>Series</B></P>
</TD><TD valign=bottom width=112.733><P style="margin:0px" align=center><B>Subscribed shares</B></P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center><B>Paid in shares</B></P>
</TD><TD valign=bottom width=214.933><P style="margin:0px" align=center><B>Number of shares with voting rights</B></P>
</TD></TR>
<TR><TD valign=bottom width=43.4><P style="margin:0px">A</P>
</TD><TD valign=bottom width=112.733><P style="margin:0px" align=center>380,137,271</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>380,137,271</P>
</TD><TD valign=bottom width=214.933><P style="margin:0px" align=center>380,137,271</P>
</TD></TR>
<TR><TD valign=bottom width=43.4><P style="margin:0px">B</P>
</TD><TD valign=bottom width=112.733><P style="margin:0px" align=center>380,137,271</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>380,137,271</P>
</TD><TD valign=bottom width=214.933><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:0"><TD width=51.6></TD><TD width=114.933></TD><TD width=91.6></TD></TR>
<TR><TD valign=bottom width=51.6><P style="margin:0px"><B>Capital</B></P>
</TD><TD valign=bottom width=114.933><P>&nbsp;</P></TD><TD valign=bottom width=91.6><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=51.6><P style="margin:0px"><B>Series</B></P>
</TD><TD valign=bottom width=114.933><P style="margin:0px" align=center><B>Subscribed capital</B></P>
</TD><TD valign=bottom width=91.6><P style="margin:0px" align=center><B>Paid in capital</B></P>
</TD></TR>
<TR><TD valign=bottom width=51.6><P>&nbsp;</P></TD><TD valign=bottom width=114.933><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=91.6><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=51.6><P style="margin:0px">A</P>
</TD><TD valign=bottom width=114.933><P style="margin:0px" align=center>108,506,757</P>
</TD><TD valign=bottom width=91.6><P style="margin:0px" align=center>108,506,757</P>
</TD></TR>
<TR><TD valign=bottom width=51.6><P style="margin:0px">B</P>
</TD><TD valign=bottom width=114.933><P style="margin:0px" align=center>108,506,756</P>
</TD><TD valign=bottom width=91.6><P style="margin:0px" align=center>108,506,756</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
</DIV><DIV style="width:664.933px"><P style="line-height:13pt; margin:0px; font-size:11pt" align=center>25</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" 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:0"><TD width=360></TD><TD width=40></TD><TD width=40></TD><TD width=84></TD><TD width=84></TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=360><P style="margin:0px"><B>Other Reserves</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px">&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=84><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=360><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px">&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=84><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=360><P style="margin:0px">Balance of Other Reserves is composed as follows:</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px">&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=84><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=360><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=84><P style="margin:0px" align=center><B>2008</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=84><P style="margin:0px" align=center><B>2007</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=360><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=84><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=84><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=360><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=84><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=84><P style="margin:0px"><B>&nbsp;</B></P>
</TD></TR>
<TR><TD valign=bottom width=360><P style="margin:0px" align=justify>Reserve for cumulative translation adjustments<SUP>(1)</SUP></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=84><P style="margin:0px" align=right>(6,328,550) &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=84><P style="margin:0px" align=right>(10,694,449) &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=400 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=40><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=84><P style="margin:0px" align=right>71,930 &nbsp;</P>
</TD><TD valign=bottom width=84><P style="margin:0px" align=right>72,221 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=360><P style="margin:0px">Other</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=84><P style="margin:0px" align=right>1,086,563 &nbsp;</P>
</TD><TD valign=bottom width=84><P style="margin:0px" align=right>1,086,904 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=360><P style="margin:0px"><B>Total</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=84><P style="margin:0px" align=right><B>(5,170,057) &nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=84><P style="margin:0px" align=right><B>(9,535,324) &nbsp;</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=360><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=40><P style="margin:0px">&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=84><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=608 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>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=239.867></TD><TD width=32.067></TD><TD width=32.067></TD><TD width=16.067></TD><TD width=53.667></TD><TD width=53.533></TD><TD width=76.2></TD><TD width=0.8></TD><TD width=96.667></TD><TD width=73.333></TD></TR>
<TR><TD valign=bottom width=239.867><P>&nbsp;</P></TD><TD valign=bottom width=32.067><P>&nbsp;</P></TD><TD valign=bottom width=32.067><P>&nbsp;</P></TD><TD valign=bottom width=69.733 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=129.733 colspan=2><P>&nbsp;</P></TD><TD valign=bottom width=170.8 colspan=3 rowspan=2><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=503.467 colspan=7><P style="margin:0px">The activity in the Reserve for cumulative translation adjustments was as follows:</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=239.867><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=80.2 colspan=3><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=184.2 colspan=4 rowspan=2><P style="margin:0px" align=center><B>Foreign Exchange rate generated during the period</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=96.667 rowspan=3><P style="margin:0px" align=center><B>Reserve release / realized(*)</B></P>
</TD><TD valign=bottom width=73.333><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=239.867><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=80.2 colspan=3><P style="margin:0px" align=center><B>Balance</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=73.333><P style="margin:0px" align=center><B>Balance</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=239.867><P style="margin:0px"><B>Company</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=80.2 colspan=3><P style="margin:0px" align=center><B>01-ene-08</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=107.2 colspan=2><P style="margin:0px" align=center><B>Investment</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=77 colspan=2><P style="margin:0px" align=center><B>Liabilities</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=73.333><P style="margin:0px" align=center><B>30-sep-08</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=239.867><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=80.2 colspan=3><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=107.2 colspan=2><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=77 colspan=2><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=96.667><P style="margin:0px" align=center><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=73.333><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=239.867><P style="margin:0px">Rio de Janeiro Refrescos Ltda.</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=80.2 colspan=3><P style="margin:0px" align=right>(8,097,464)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=107.2 colspan=2><P style="margin:0px" align=right>1,033,230</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=77 colspan=2><P style="margin:0px" align=right>-</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=96.667><P style="margin:0px" align=right>2,694,455</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=73.333><P style="margin:0px" align=right>(4,369,779)</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=239.867><P style="margin:0px">Embotelladora del Atl&#225;ntico S. A.</P>
</TD><TD valign=bottom width=80.2 colspan=3><P style="margin:0px" align=right>(5,294,054)</P>
</TD><TD valign=bottom width=107.2 colspan=2><P style="margin:0px" align=right>1,059,797</P>
</TD><TD valign=bottom width=77 colspan=2><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=96.667><P style="margin:0px" align=right>2,275,486</P>
</TD><TD valign=bottom width=73.333><P style="margin:0px" align=right>(1,958,771)</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=239.867><P style="margin:0px"><B>Total</B></P>
</TD><TD valign=bottom width=80.2 colspan=3><P style="margin:0px" align=right><B>(13,391,518)</B></P>
</TD><TD valign=bottom width=107.2 colspan=2><P style="margin:0px" align=right><B>2,093,027</B></P>
</TD><TD valign=bottom width=77 colspan=2><P style="margin:0px" align=right><B>-</B></P>
</TD><TD valign=bottom width=96.667><P style="margin:0px" align=right><B>4,969,941</B></P>
</TD><TD valign=bottom width=73.333><P style="margin:0px" align=right><B>(6,328,550)</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=239.867><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=80.2 colspan=3><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=107.2 colspan=2><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=77 colspan=2><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=96.667><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=73.333><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=239.867><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=80.2 colspan=3><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=107.2 colspan=2><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=77 colspan=2><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=96.667><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=73.333><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=674.267 colspan=10 rowspan=2><P style="margin:0px">(*) Reserve realized resulted from dividends paid by our subsidiary Rio 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>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>26</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="RANGE!A1:M13"></A><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:0"><TD width=466.8></TD><TD width=103.733></TD><TD width=103.733></TD></TR>
<TR><TD valign=bottom width=466.8><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=103.733><P style="margin:0px" align=center><B><U>2008</U></B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=center><B><U>2007</U></B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px">Reverse provision</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>5,128,437</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>0</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px">Recovery of prior year taxes</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>0</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>4,535,298</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px">Earnings on sale of property, plant &amp; equipment</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>129,908</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>0</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px">Other income</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>610,062</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>225,344</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px"><B>Sub-total</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right><B>5,868,407</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right><B>4,760,642</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px">Translation of financial statements<SUP>(1)</SUP></P>
</TD><TD style="background-color:#FFFFFF; border-top:1.333px solid #000000" valign=bottom width=103.733><P style="margin:0px" align=right>0</P>
</TD><TD style="background-color:#FFFFFF; border-top:1.333px solid #000000" valign=bottom width=103.733><P style="margin:0px" align=right>1,828,382</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px"><B>Total</B></P>
</TD><TD style="background-color:#FFFFFF; border-top:1.333px solid #000000; border-bottom:3px double #000000" valign=bottom width=103.733><P style="margin:0px" align=right><B>5,868,407</B></P>
</TD><TD style="background-color:#FFFFFF; border-top:1.333px solid #000000; border-bottom:3px double #000000" valign=bottom width=103.733><P style="margin:0px" align=right><B>6,589,024</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px" align=center><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=570.533 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=103.733><P style="margin:0px" align=right>&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px">Conversion adjustment reserve realized<SUP>(2)</SUP></P>
</TD><TD valign=bottom width=103.733><P style="margin:0px" align=right>(4,969,941)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>(1,258,539)</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px">Bank taxes<SUP>(3)</SUP></P>
</TD><TD valign=bottom width=103.733><P style="margin:0px" align=right>(1,673,455)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>(2,398,723)</P>
</TD></TR>
<TR><TD valign=bottom width=466.8><P style="margin:0px" align=justify>Provision for labor and commercial lawsuits</P>
</TD><TD valign=bottom width=103.733><P style="margin:0px" align=right>(604,781)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>(427,055)</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px">Obsolescence and write-offs of property, plant and equipment</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>(4,453)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>(662,460)</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px">Provision loss of investment in Centralli</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>(81,250)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>(59,964)</P>
</TD></TR>
<TR><TD valign=bottom width=466.8><P style="margin:0px">Loss on sale of property, plant and equipment</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>0</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>(161,060)</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px">Others</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>(1,498,064)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right>(1,407,513)</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px"><B>Sub-total</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right><B>(8,831,944)</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px" align=right><B>(6,375,314)</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px">Translation of financial statements<SUP>(1)</SUP></P>
</TD><TD style="background-color:#FFFFFF; border-top:1.333px solid #000000" valign=bottom width=103.733><P style="margin:0px" align=right>(2,211,557)</P>
</TD><TD style="background-color:#FFFFFF; border-top:1.333px solid #000000" valign=bottom width=103.733><P style="margin:0px" align=right>&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px"><B>Total</B></P>
</TD><TD style="background-color:#FFFFFF; border-top:1.333px solid #000000; border-bottom:3px double #000000" valign=bottom width=103.733><P style="margin:0px" align=right><B>(11,043,501)</B></P>
</TD><TD style="background-color:#FFFFFF; border-top:1.333px solid #000000; border-bottom:3px double #000000" valign=bottom width=103.733><P style="margin:0px" align=right><B>(6,375,314)</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=466.8><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.733><P style="margin:0px">&nbsp;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><SUP>&nbsp;</SUP></P>
<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>
<P style="margin:0px"><SUP>&nbsp;</SUP></P>
<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 and dividend distribution by Embotelladora del Atl&#225;ntico S.A. during the 2008 and 2007 period, respectively.</P>
<P style="margin:0px"><SUP>&nbsp;</SUP></P>
<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 obtaining financial resources.<BR>
</P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>27</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" 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:0"><TD width=355.4></TD><TD width=89.4></TD><TD width=114.733></TD><TD width=114.733></TD></TR>
<TR><TD valign=bottom width=355.4><P>&nbsp;</P></TD><TD valign=bottom width=89.4><P style="margin:0px" align=center><B>Adjustment index</B></P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=center><B>September 30,2008</B></P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=center><B>September 30,2007</B></P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px"><B>Assets - &nbsp;(charges)/credits</B></P>
</TD><TD valign=bottom width=89.4><P>&nbsp;</P></TD><TD valign=bottom width=114.733><P style="margin:0px" align=center>&nbsp;ThCh$ </P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=center>&nbsp;ThCh$ </P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Inventories</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>CPI</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>9,495</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>(56,368)</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Property, plant and equipment</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>CPI</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>7,061,422</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>4,546,675</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Investments in related companies</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>CPI</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>8,774,249</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>8,394,785</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Cash, Time Deposits, Marketable Securities</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>UF</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>1,117,380</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>563,644</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Cash, Time Deposits, Marketable Securities</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>CPI</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>2,821,867</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Sales notes receivable </P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>CPI</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>225</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Short term accounts receivable from related companies</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>CPI</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>2,108,118</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>2,215,152</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Short term accounts receivable from related companies</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>UF</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>484,646</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Recoverable taxes</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>CPI</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>44,571</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>(67,606)</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Other current assets</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>UF</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>112,518</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>756,069</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Other current assets</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>CPI</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>249,744</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>80,276</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Other long term assets</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>CPI</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>148,230</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>3,331,142</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Cost and expense accounts</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>CPI</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>6,844,701</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>4,742,440</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px"><B>Total (charges) credits </B></P>
</TD><TD valign=bottom width=89.4><P>&nbsp;</P></TD><TD valign=bottom width=114.733><P style="margin:0px" align=right><B>29,776,941</B></P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right><B>24,506,434</B></P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P>&nbsp;</P></TD><TD valign=bottom width=89.4><P>&nbsp;</P></TD><TD valign=bottom width=114.733><P>&nbsp;</P></TD><TD valign=bottom width=114.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px"><B>Liabilities - (charges)/credits</B></P>
</TD><TD valign=bottom width=89.4><P>&nbsp;</P></TD><TD valign=bottom width=114.733><P>&nbsp;</P></TD><TD valign=bottom width=114.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Shareholders&#146; equity</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>CPI</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>(16,328,467)</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>(12,189,374)</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Short and long term bonds payable</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>UF</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>(5,016,148)</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>(3,993,830)</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Short and long term bonds payable</P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>CPI</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>(188,106)</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>(1,070,628)</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Other current liabilities </P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>UF</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>(238,118)</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>(103,562)</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Other current liabilities </P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>CPI</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>(556,844)</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>(451,721)</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Other long term liabilities </P>
</TD><TD valign=bottom width=89.4><P style="margin:0px" align=center>CPI</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>(311,280)</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>(210,110)</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px">Income accounts</P>
</TD><TD valign=bottom width=89.4><P>&nbsp;</P></TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>(8,941,905)</P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right>(6,068,696)</P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px"><B>Total (charges) credits</B></P>
</TD><TD valign=bottom width=89.4><P>&nbsp;</P></TD><TD valign=bottom width=114.733><P style="margin:0px" align=right><B>(31,580,868)</B></P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right><B>(24,087,921)</B></P>
</TD></TR>
<TR><TD valign=bottom width=355.4><P style="margin:0px"><B>Price-level restatement (loss ) gain</B></P>
</TD><TD valign=bottom width=89.4><P>&nbsp;</P></TD><TD valign=bottom width=114.733><P style="margin:0px" align=right><B>(1,803,927)</B></P>
</TD><TD valign=bottom width=114.733><P style="margin:0px" align=right><B>418,513</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>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>28</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" 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:0"><TD width=329.533></TD><TD width=89.133></TD><TD width=127.867></TD><TD width=127.733></TD></TR>
<TR><TD valign=bottom width=329.533><P>&nbsp;</P></TD><TD valign=bottom width=89.133><P style="margin:0px"><B>Currency</B></P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=center><B>30-sep-08</B></P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=center><B>30-sep-07</B></P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px"><B>Assets - (charges)/credits</B></P>
</TD><TD valign=bottom width=89.133><P>&nbsp;</P></TD><TD valign=bottom width=127.867><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Cash</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>(237,765)</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>(85,923)</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Time deposits</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>859,087</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>(2,026)</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Marketable securities (net)</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>2,490,636</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>(1,997,898)</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Trade accounts receivable</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>457</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>35</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Other debtors (net)</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>44,811</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>(4,007)</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Accounts receivable related companies</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>1,787,297</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>(5,279,320)</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Inventories (net)</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>(11,921)</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>(338)</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Other current assets</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>724,687</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>171,349</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Recoverable taxes</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>117</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Prepaid expenses</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>210</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Property, plant and equipment</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>210</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Others </P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>(63,602)</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>(4,509,294)</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px"><B>Total (charges)/credits</B></P>
</TD><TD valign=bottom width=89.133><P>&nbsp;</P></TD><TD valign=bottom width=127.867><P style="margin:0px" align=right><B>5,594,224</B></P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right><B>(11,707,422)</B></P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P>&nbsp;</P></TD><TD valign=bottom width=89.133><P>&nbsp;</P></TD><TD valign=bottom width=127.867><P>&nbsp;</P></TD><TD valign=bottom width=127.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px"><B>Liabilities - (Charges) / credits</B></P>
</TD><TD valign=bottom width=89.133><P>&nbsp;</P></TD><TD valign=bottom width=127.867><P>&nbsp;</P></TD><TD valign=bottom width=127.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Bonds payable</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>125,750</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Accounts payable</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>(96,318)</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>53,706</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Accounts payable related companies</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>613,762</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Provisions</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>(510,422)</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>10,371</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Prepaid income</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>2,417</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>9,616</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Other current liabilities</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>(569,705)</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>(268,918)</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Bonds payable long term</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>1,890,855</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px">Other creditors</P>
</TD><TD valign=bottom width=89.133><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=127.867><P style="margin:0px" align=right>4,492</P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px"><B>Total (charges) credits</B></P>
</TD><TD valign=bottom width=89.133><P>&nbsp;</P></TD><TD valign=bottom width=127.867><P style="margin:0px" align=right><B>(555,774)</B></P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right><B>1,821,380</B></P>
</TD></TR>
<TR><TD valign=bottom width=329.533><P style="margin:0px"><B>Foreign exchange gain (loss) on income</B></P>
</TD><TD valign=bottom width=89.133><P>&nbsp;</P></TD><TD valign=bottom width=127.867><P style="margin:0px" align=right><B>5,038,450</B></P>
</TD><TD valign=bottom width=127.733><P style="margin:0px" align=right><B>(9,886,042)</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 under 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 17.</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$3,226,880 and ThCh$3,561,120 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$219,103 and ThCh$245,348 in 2007.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>29</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Note 26 - Consolidated Statement of Cash Flows</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">For the projection of future cash flows, there are no transactions and events to consider which have not been revealed in these financial statements and accompanying notes. </P>
<P style="margin:0px">The following table presents an itemization of the movement of assets and liabilities not affecting the cash flow in the period, but compromising future cash flows.</P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=261.267></TD><TD width=103.333></TD><TD width=103.267></TD><TD width=103.267></TD><TD width=103.133></TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=261.267><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.333><P style="margin:0px" align=center><B>30-Sep-08</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267 rowspan=2><P style="margin:0px" align=center><B>Maturity date</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=center><B>30-Sep-07</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.133 rowspan=2><P style="margin:0px" align=center><B>Maturity date</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=261.267><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.333><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=261.267><P style="margin:0px"><B>Expected cash outflow</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.333><P style="margin:0px" align=center><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=center><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=center><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.133><P style="margin:0px" align=center><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=261.267><P style="margin:0px"><B>Expenses</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.133><P style="margin:0px" align=center>&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=261.267><P style="margin:0px">Dividend payment</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.333><P style="margin:0px" align=right>(5,588,018)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=center>23-Dec-08</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=right>(6,107,704)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.133><P style="margin:0px" align=center>24-Oct-07</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=261.267><P style="margin:0px">Addition to property, plant and equipment</P>
</TD><TD valign=bottom width=103.333><P style="margin:0px" align=right>(1,726,558)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=center>30-Nov-08</P>
</TD><TD valign=bottom width=103.267><P style="margin:0px" align=right>(2,648,210)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.133><P style="margin:0px" align=center>30-Nov-07</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=261.267><P style="margin:0px">Addition to property, plant and equipment</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.333><P style="margin:0px" align=right>(13,526)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=center>30-Dec-08</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=right>(13,413)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.133><P style="margin:0px" align=center>30-Dec-07</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=261.267><P style="margin:0px">Addition to property, plant and equipment</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.333><P style="margin:0px" align=right>(52,369)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=center>30-Oct-08</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=right>(250,017)</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.133><P style="margin:0px" align=center>23-Oct-07</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=261.267><P style="margin:0px"><B>Total expenses</B></P>
</TD><TD style="background-color:#FFFFFF; border-top:1.333px solid #000000; border-bottom:3px double #000000" valign=bottom width=103.333><P style="margin:0px" align=right><B>(7,380,471)</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=right><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF; border-top:1.333px solid #000000; border-bottom:3px double #000000" valign=bottom width=103.267><P style="margin:0px" align=right><B>(9,019,344)</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.133><P style="margin:0px" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=261.267><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.133><P style="margin:0px" align=center>&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=261.267><P style="margin:0px"><B>Expected cash inflow</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.133><P style="margin:0px" align=center>&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=261.267><P style="margin:0px"><B>Income</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.133><P style="margin:0px" align=center>&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=261.267><P style="margin:0px">Sale of property, plant and equipment</P>
</TD><TD valign=bottom width=103.333><P style="margin:0px" align=right>14,451</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=center>31-Oct-08</P>
</TD><TD valign=bottom width=103.267><P style="margin:0px" align=right>4,505</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.133><P style="margin:0px" align=center>31-Oct-07</P>
</TD></TR>
<TR><TD valign=bottom width=261.267><P style="margin:0px"><B>Total income</B></P>
</TD><TD style="background-color:#FFFFFF; border-top:1.333px solid #000000; border-bottom:3px double #000000" valign=bottom width=103.333><P style="margin:0px" align=right><B>14,451</B></P>
</TD><TD valign=bottom width=103.267><P>&nbsp;</P></TD><TD style="background-color:#FFFFFF; border-top:1.333px solid #000000; border-bottom:3px double #000000" valign=bottom width=103.267><P style="margin:0px" align=right><B>4,505</B></P>
</TD><TD valign=bottom width=103.133><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=261.267><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.333><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=center>&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px">&nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.133><P style="margin:0px" align=center>&nbsp;</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=261.267><P style="margin:0px"><B>Total net</B></P>
</TD><TD style="background-color:#FFFFFF; border-bottom:3px double #000000" valign=bottom width=103.333><P style="margin:0px" align=right><B>(7,366,020)</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.267><P style="margin:0px" align=center><B>&nbsp;</B></P>
</TD><TD style="background-color:#FFFFFF; border-bottom:3px double #000000" valign=bottom width=103.267><P style="margin:0px" align=right><B>(9,014,839)</B></P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=103.133><P style="margin:0px" align=center><B>&nbsp;</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>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>30</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
</DIV><DIV style="width:664.4px"><P style="margin:0px"><B>Note 27 - Derivative Contracts</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Derivative contracts at September 30, 2008 were as follows:</P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=33.733></TD><TD width=30.667></TD><TD width=36></TD><TD width=59.2></TD><TD width=65.733></TD><TD width=37.933></TD><TD width=114.533></TD><TD width=38.467></TD><TD width=41.267></TD><TD width=109.2></TD><TD width=30.067></TD><TD width=35.267></TD><TD width=36.2></TD></TR>
<TR><TD valign=bottom width=33.733><P>&nbsp;</P></TD><TD valign=bottom width=30.667><P>&nbsp;</P></TD><TD valign=bottom width=36><P>&nbsp;</P></TD><TD valign=bottom width=59.2><P>&nbsp;</P></TD><TD valign=bottom width=65.733><P>&nbsp;</P></TD><TD valign=bottom width=37.933><P>&nbsp;</P></TD><TD valign=bottom width=153 colspan=2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B><U>Hedged item or Transaction</U></B></P>
</TD><TD valign=bottom width=41.267><P>&nbsp;</P></TD><TD valign=bottom width=139.267 colspan=2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B><U>&nbsp;Assets / Liabilities </U></B></P>
</TD><TD valign=bottom width=71.467 colspan=2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B><U>&nbsp;Effect on income </U></B></P>
</TD></TR>
<TR><TD valign=bottom width=33.733><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Derivative</B></P>
</TD><TD valign=bottom width=30.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Contract</B></P>
</TD><TD valign=bottom width=36><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Value</B></P>
</TD><TD valign=bottom width=59.2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Maturity period</B></P>
</TD><TD valign=bottom width=65.733><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Specific Item</B></P>
</TD><TD valign=bottom width=37.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Position Purchase / Sale</B></P>
</TD><TD valign=bottom width=114.533><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Concept</B></P>
</TD><TD valign=bottom width=38.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>&nbsp;Amount </B></P>
</TD><TD valign=bottom width=41.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>&nbsp;Hedged Item Value </B></P>
</TD><TD valign=bottom width=109.2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>&nbsp;Item </B></P>
</TD><TD valign=bottom width=30.067><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>&nbsp;Amount </B></P>
</TD><TD valign=bottom width=35.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>&nbsp;Realized </B></P>
</TD><TD valign=bottom width=36.2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>&nbsp;Unrealized </B></P>
</TD></TR>
<TR><TD valign=bottom width=33.733><P>&nbsp;</P></TD><TD valign=bottom width=30.667><P>&nbsp;</P></TD><TD valign=bottom width=36><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=59.2><P>&nbsp;</P></TD><TD valign=bottom width=65.733><P>&nbsp;</P></TD><TD valign=bottom width=37.933><P>&nbsp;</P></TD><TD valign=bottom width=114.533><P>&nbsp;</P></TD><TD valign=bottom width=38.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=41.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=109.2><P>&nbsp;</P></TD><TD valign=bottom width=30.067><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=35.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=36.2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=33.733><P style="line-height:7pt; margin:0px; font-size:5pt">FR</P>
</TD><TD valign=bottom width=30.667><P style="line-height:7pt; margin:0px; font-size:5pt">CCPE</P>
</TD><TD valign=bottom width=36><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>39,774,534</P>
</TD><TD valign=bottom width=59.2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>4th Quarter 2008</P>
</TD><TD valign=bottom width=65.733><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>US$ Exchange Rate</P>
</TD><TD valign=bottom width=37.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>S</P>
</TD><TD valign=bottom width=114.533><P style="line-height:7pt; margin:0px; font-size:5pt">Foreign currency financial investment&nbsp;</P>
</TD><TD valign=bottom width=38.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>39,774,534</P>
</TD><TD valign=bottom width=41.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>41,781,336</P>
</TD><TD valign=bottom width=109.2><P>&nbsp;</P></TD><TD valign=bottom width=30.067><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=35.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(2,006,802)</P>
</TD><TD valign=bottom width=36.2><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=33.733><P style="line-height:7pt; margin:0px; font-size:5pt">FR</P>
</TD><TD valign=bottom width=30.667><P style="line-height:7pt; margin:0px; font-size:5pt">CCTE</P>
</TD><TD valign=bottom width=36><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>23,990,393</P>
</TD><TD valign=bottom width=59.2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>4th Quarter 2008</P>
</TD><TD valign=bottom width=65.733><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>US$ Exchange Rate</P>
</TD><TD valign=bottom width=37.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>P</P>
</TD><TD valign=bottom width=114.533><P style="line-height:7pt; margin:0px; font-size:5pt">Suppliers foreign currency&nbsp;</P>
</TD><TD valign=bottom width=38.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>24,146,931</P>
</TD><TD valign=bottom width=41.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=109.2><P style="line-height:7pt; margin:0px; font-size:5pt">Other current assets and liabilities&nbsp;</P>
</TD><TD valign=bottom width=30.067><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>819,104</P>
</TD><TD valign=bottom width=35.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(44,077)</P>
</TD><TD valign=bottom width=36.2><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>863,181</P>
</TD></TR>
<TR><TD valign=bottom width=33.733><P style="line-height:7pt; margin:0px; font-size:5pt">FR</P>
</TD><TD valign=bottom width=30.667><P style="line-height:7pt; margin:0px; font-size:5pt">CCTE</P>
</TD><TD valign=bottom width=36><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>3,495,461</P>
</TD><TD valign=bottom width=59.2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>4th Quarter 2008</P>
</TD><TD valign=bottom width=65.733><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>US$ Exchange Rate</P>
</TD><TD valign=bottom width=37.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>S</P>
</TD><TD valign=bottom width=114.533><P style="line-height:7pt; margin:0px; font-size:5pt">Suppliers foreign currency&nbsp;</P>
</TD><TD valign=bottom width=38.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>3,484,279</P>
</TD><TD valign=bottom width=41.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=109.2><P style="line-height:7pt; margin:0px; font-size:5pt">Other current assets and liabilities&nbsp;</P>
</TD><TD valign=bottom width=30.067><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>323,509</P>
</TD><TD valign=bottom width=35.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=36.2><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>(323,509)</P>
</TD></TR>
<TR><TD valign=bottom width=33.733><P style="line-height:7pt; margin:0px; font-size:5pt">FR</P>
</TD><TD valign=bottom width=30.667><P style="line-height:7pt; margin:0px; font-size:5pt">CCTE</P>
</TD><TD valign=bottom width=36><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>5,853,714</P>
</TD><TD valign=bottom width=59.2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>1st Quarter 2009</P>
</TD><TD valign=bottom width=65.733><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>US$ Exchange Rate</P>
</TD><TD valign=bottom width=37.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=center>P</P>
</TD><TD valign=bottom width=114.533><P style="line-height:7pt; margin:0px; font-size:5pt">Suppliers foreign currency&nbsp;</P>
</TD><TD valign=bottom width=38.467><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>5,756,468</P>
</TD><TD valign=bottom width=41.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=109.2><P style="line-height:7pt; margin:0px; font-size:5pt">Other current assets and liabilities&nbsp;</P>
</TD><TD valign=bottom width=30.067><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>206,825</P>
</TD><TD valign=bottom width=35.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=36.2><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>206,825</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<A NAME="RANGE!A1:M24"></A><P style="margin:0px"><BR>
<BR></P>
</DIV><DIV style="width:664.933px"><P style="line-height:13pt; margin:0px; font-size:11pt" align=center>31</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" 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; margin-bottom:-16px; padding-left:24px; text-indent:-24px"><B>a.</B></P>
<P style="margin:0px; padding-left:24px"><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 these proceedings may result in losses or gains that may have a material effect on the Company&#146;s financial position or result of operations.</P>
<P style="margin:0px"><BR></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; margin-bottom:-16px; padding-left:47px; text-indent:-47px">1)</P>
<P style="margin:0px; padding-left:47px">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$1,434,734 (ThCh$1,527,622 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; margin-bottom:-16px; padding-left:47px; text-indent:-47px">2)</P>
<P style="margin:0px; padding-left:47px">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$1,100,362 (ThCh$1,052,621 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; margin-bottom:-16px; padding-left:47px; text-indent:-47px">3)</P>
<P style="margin:0px; padding-left:47px">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$4,725 (ThCh$52,092 in 2007). &nbsp;&nbsp;In accordance with its legal counsel&#146;s opinion, the Company deems improbable that contingencies without provisions may affect the results or equity of the Company.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px"><B>b.</B></P>
<P style="margin:0px; text-indent:47.267px"><B>Restrictions</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The bond issue and placement on the US market for US$ 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>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>32</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
</DIV><DIV style="width:664.4px"><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 September 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:0"><TD width=89.533></TD><TD width=136.533></TD><TD width=52.867></TD><TD width=60.6></TD><TD width=81></TD><TD width=57.133></TD><TD width=48.133></TD><TD width=42.267></TD><TD width=44.933></TD><TD width=57.667></TD></TR>
<TR><TD valign=bottom width=89.533><P>&nbsp;</P></TD><TD valign=bottom width=136.533><P>&nbsp;</P></TD><TD valign=bottom width=52.867><P>&nbsp;</P></TD><TD valign=bottom width=60.6><P>&nbsp;</P></TD><TD valign=bottom width=81><P>&nbsp;</P></TD><TD valign=bottom width=57.133><P>&nbsp;</P></TD><TD valign=bottom width=90.4 colspan=2 rowspan=2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Balances pending at end of period</B></P>
</TD><TD valign=bottom width=44.933><P>&nbsp;</P></TD><TD valign=bottom width=57.667><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=89.533><P style="line-height:7pt; margin:0px; font-size:5pt"><B>Guarantee creditor</B></P>
</TD><TD valign=bottom width=136.533><P style="line-height:7pt; margin:0px; font-size:5pt"><B>Debtor</B></P>
</TD><TD valign=bottom width=52.867><P>&nbsp;</P></TD><TD valign=bottom width=60.6><P style="line-height:7pt; margin:0px; font-size:5pt"><B>Type of guaranty</B></P>
</TD><TD valign=bottom width=138.133 colspan=2><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Assets involved</B></P>
</TD><TD valign=bottom width=44.933><P>&nbsp;</P></TD><TD valign=bottom width=57.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>Guaranty release</B></P>
</TD></TR>
<TR><TD valign=bottom width=89.533><P>&nbsp;</P></TD><TD valign=bottom width=136.533><P style="line-height:7pt; margin:0px; font-size:5pt"><B>Name</B></P>
</TD><TD valign=bottom width=52.867><P style="line-height:7pt; margin:0px; font-size:5pt"><B>Relation</B></P>
</TD><TD valign=bottom width=60.6><P>&nbsp;</P></TD><TD valign=bottom width=81><P style="line-height:7pt; margin:0px; font-size:5pt"><B>Type</B></P>
</TD><TD valign=bottom width=57.133><P style="line-height:7pt; margin:0px; font-size:5pt"><B>Accounting Value</B></P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2008</B></P>
</TD><TD valign=bottom width=42.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2007</B></P>
</TD><TD valign=bottom width=44.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2009</B></P>
</TD><TD valign=bottom width=57.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>2011</B></P>
</TD></TR>
<TR><TD valign=bottom width=89.533><P>&nbsp;</P></TD><TD valign=bottom width=136.533><P>&nbsp;</P></TD><TD valign=bottom width=52.867><P>&nbsp;</P></TD><TD valign=bottom width=60.6><P>&nbsp;</P></TD><TD valign=bottom width=81><P>&nbsp;</P></TD><TD valign=bottom width=57.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=42.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=44.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=57.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=89.533><P style="line-height:7pt; margin:0px; font-size:5pt">ESTADO RIO DE JANEIRO</P>
</TD><TD valign=bottom width=136.533><P style="line-height:7pt; margin:0px; font-size:5pt">RIO DE JANEIRO REFRESCOS LTDA.</P>
</TD><TD valign=bottom width=52.867><P style="line-height:7pt; margin:0px; font-size:5pt">Subsidiary</P>
</TD><TD valign=bottom width=60.6><P style="line-height:7pt; margin:0px; font-size:5pt">Mortgage</P>
</TD><TD valign=bottom width=81><P style="line-height:7pt; margin:0px; font-size:5pt">Real estate</P>
</TD><TD valign=bottom width=57.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>12,416,173</P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>11,695,356</P>
</TD><TD valign=bottom width=42.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>11,289,788</P>
</TD><TD valign=bottom width=44.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=57.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=89.533><P style="line-height:7pt; margin:0px; font-size:5pt">PODER JUDICIARIO</P>
</TD><TD valign=bottom width=136.533><P style="line-height:7pt; margin:0px; font-size:5pt">RIO DE JANEIRO REFRESCOS LTDA.</P>
</TD><TD valign=bottom width=52.867><P style="line-height:7pt; margin:0px; font-size:5pt">Subsidiary</P>
</TD><TD valign=bottom width=60.6><P style="line-height:7pt; margin:0px; font-size:5pt">Judicial Deposit</P>
</TD><TD valign=bottom width=81><P style="line-height:7pt; margin:0px; font-size:5pt">Judicial deposit</P>
</TD><TD valign=bottom width=57.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>11,242,668</P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=42.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=44.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=57.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=89.533><P style="line-height:7pt; margin:0px; font-size:5pt">AGA S.A.</P>
</TD><TD valign=bottom width=136.533><P style="line-height:7pt; margin:0px; font-size:5pt">EMBOTELLADORA ANDINA S.A.</P>
</TD><TD valign=bottom width=52.867><P style="line-height:7pt; margin:0px; font-size:5pt">Parent company</P>
</TD><TD valign=bottom width=60.6><P style="line-height:7pt; margin:0px; font-size:5pt">Guaranty receipt</P>
</TD><TD valign=bottom width=81><P style="line-height:7pt; margin:0px; font-size:5pt">Guaranty Receipt</P>
</TD><TD valign=bottom width=57.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>165,741</P>
</TD><TD valign=bottom width=42.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>172,757</P>
</TD><TD valign=bottom width=44.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=57.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>165,741</P>
</TD></TR>
<TR><TD valign=bottom width=89.533><P style="line-height:7pt; margin-top:3.333px; margin-bottom:0px; font-size:5pt">MUNICIPALIDAD DE SANTIAGO</P>
</TD><TD valign=bottom width=136.533><P style="line-height:7pt; margin:0px; font-size:5pt">EMBOTELLADORA ANDINA S.A.</P>
</TD><TD valign=bottom width=52.867><P style="line-height:7pt; margin:0px; font-size:5pt">Parent company</P>
</TD><TD valign=bottom width=60.6><P style="line-height:7pt; margin:0px; font-size:5pt">Guaranty receipt</P>
</TD><TD valign=bottom width=81><P style="line-height:7pt; margin:0px; font-size:5pt">Guaranty Receipt</P>
</TD><TD valign=bottom width=57.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>11,744</P>
</TD><TD valign=bottom width=42.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>11,399</P>
</TD><TD valign=bottom width=44.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>11,744</P>
</TD><TD valign=bottom width=57.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=89.533><P style="line-height:7pt; margin:0px; font-size:5pt">ESCUELA MILITAR</P>
</TD><TD valign=bottom width=136.533><P style="line-height:7pt; margin:0px; font-size:5pt">EMBOTELLADORA ANDINA S.A.</P>
</TD><TD valign=bottom width=52.867><P style="line-height:7pt; margin:0px; font-size:5pt">Parent company</P>
</TD><TD valign=bottom width=60.6><P style="line-height:7pt; margin:0px; font-size:5pt">Guaranty receipt</P>
</TD><TD valign=bottom width=81><P style="line-height:7pt; margin:0px; font-size:5pt">Guaranty Receipt</P>
</TD><TD valign=bottom width=57.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>2,014</P>
</TD><TD valign=bottom width=42.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=44.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>2,019</P>
</TD><TD valign=bottom width=57.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=89.533><P style="line-height:7pt; margin-top:3.333px; margin-bottom:0px; font-size:5pt">MUNICIPALIDAD DE MAIPU</P>
</TD><TD valign=bottom width=136.533><P style="line-height:7pt; margin:0px; font-size:5pt">EMBOTELLADORA ANDINA S.A.</P>
</TD><TD valign=bottom width=52.867><P style="line-height:7pt; margin:0px; font-size:5pt">Parent company</P>
</TD><TD valign=bottom width=60.6><P style="line-height:7pt; margin:0px; font-size:5pt">Guaranty receipt</P>
</TD><TD valign=bottom width=81><P style="line-height:7pt; margin:0px; font-size:5pt">Guaranty Receipt</P>
</TD><TD valign=bottom width=57.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>105,005</P>
</TD><TD valign=bottom width=42.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=44.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=57.667><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=89.533><P style="line-height:7pt; margin:0px; font-size:5pt">ADUANA DE EZEIZA</P>
</TD><TD valign=bottom width=136.533><P style="line-height:7pt; margin:0px; font-size:5pt">EMBOTELLADORA DEL ATLANTICO S.A.</P>
</TD><TD valign=bottom width=52.867><P style="line-height:7pt; margin:0px; font-size:5pt">Subsidiary</P>
</TD><TD valign=bottom width=60.6><P style="line-height:7pt; margin:0px; font-size:5pt">Guaranty insurance</P>
</TD><TD valign=bottom width=81><P style="line-height:7pt; margin:0px; font-size:5pt">Temporary export of molds</P>
</TD><TD valign=bottom width=57.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>10,200</P>
</TD><TD valign=bottom width=48.133><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=42.267><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=44.933><P style="line-height:7pt; margin:0px; font-size:5pt" align=right>-</P>
</TD><TD valign=bottom width=57.667><P style="line-height:7pt; margin:0px; font-size:5pt" 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 September 30, 2008 were as follows:</P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=180.867></TD><TD width=91.8></TD><TD width=97.133></TD><TD width=52></TD><TD width=55.333></TD><TD width=194.733></TD></TR>
<TR><TD valign=bottom width=180.867><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Guarantor</B></P>
</TD><TD valign=bottom width=91.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Relationship</B></P>
</TD><TD valign=bottom width=97.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Type of Guarantee</B></P>
</TD><TD valign=bottom width=52><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Amount</B></P>
</TD><TD valign=bottom width=55.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Currency</B></P>
</TD><TD valign=bottom width=194.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Transaction</B></P>
</TD></TR>
<TR><TD valign=bottom width=180.867><P>&nbsp;</P></TD><TD valign=bottom width=91.8><P>&nbsp;</P></TD><TD valign=bottom width=97.133><P>&nbsp;</P></TD><TD valign=bottom width=52><P>&nbsp;</P></TD><TD valign=bottom width=55.333><P>&nbsp;</P></TD><TD valign=bottom width=194.733><P>&nbsp;</P></TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=180.867><P style="line-height:8pt; margin:0px; font-size:6pt">RUSEEL W. COFFIN</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=91.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Subsidiary</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=97.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Letter of credit</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=52><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>50,536,137 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=55.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>US$</P>
</TD><TD valign=bottom width=194.733><P style="line-height:8pt; margin:0px; font-size:6pt">Purchase of Nitvitgov Refrigerantes S.A.</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=180.867><P style="line-height:8pt; margin:0px; font-size:6pt">CONFAB</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=91.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Subsidiary</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=97.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Mortgage</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=52><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>31,440,547 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=55.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>US$</P>
</TD><TD valign=bottom width=194.733><P style="line-height:8pt; margin:0px; font-size:6pt">Purchase of Rio de Janeiro Refrescos Ltda.</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=180.867><P style="line-height:8pt; margin:0px; font-size:6pt">CLIENTES DIVERSOS</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=91.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Subsidiary</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=97.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Deposits</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=52><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>3,190,509 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=55.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>US$</P>
</TD><TD valign=bottom width=194.733><P style="line-height:8pt; margin:0px; font-size:6pt">Guaranty over containers</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=180.867><P style="line-height:8pt; margin:0px; font-size:6pt">SOC. COM. CHAMPFER</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=91.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Subsidiary</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=97.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Mortgage</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=52><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,626,338 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=55.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>US$</P>
</TD><TD valign=bottom width=194.733><P style="line-height:8pt; margin:0px; font-size:6pt">Distributor credit</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=180.867><P style="line-height:8pt; margin:0px; font-size:6pt">MAC COKE DIST. BEB.</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=91.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Subsidiary</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=97.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Mortgage</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=52><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,062,088 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=55.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>US$</P>
</TD><TD valign=bottom width=194.733><P style="line-height:8pt; margin:0px; font-size:6pt">Distributor credit</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=180.867><P style="line-height:8pt; margin:0px; font-size:6pt">FRANCISCANA DIST. </P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=91.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Subsidiary</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=97.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Mortgage</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=52><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>799,303 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=55.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>US$</P>
</TD><TD valign=bottom width=194.733><P style="line-height:8pt; margin:0px; font-size:6pt">Distributor credit</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=180.867><P style="line-height:8pt; margin:0px; font-size:6pt">DIST REAL COLA </P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=91.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Subsidiary</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=97.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Mortgage</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=52><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>771,930 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=55.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>US$</P>
</TD><TD valign=bottom width=194.733><P style="line-height:8pt; margin:0px; font-size:6pt">Distributor credit</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=180.867><P style="line-height:8pt; margin:0px; font-size:6pt">ZULEMAR COMERCIO DE BEBIDAS </P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=91.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Subsidiary</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=97.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Mortgage</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=52><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>643,275 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=55.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>US$</P>
</TD><TD valign=bottom width=194.733><P style="line-height:8pt; margin:0px; font-size:6pt">Distributor credit</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=180.867><P style="line-height:8pt; margin:0px; font-size:6pt">AGA S.A.</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=91.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Parent Company</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=97.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Receipt</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=52><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>600,000 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=55.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>US$</P>
</TD><TD valign=bottom width=194.733><P style="line-height:8pt; margin:0px; font-size:6pt">Supplier agreement</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=180.867><P style="line-height:8pt; margin:0px; font-size:6pt">MOTTA DISTRIBUIDORA DE BEBIDAS</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=91.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Subsidiary</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=97.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Mortgage</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=52><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>410,601 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=55.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>US$</P>
</TD><TD valign=bottom width=194.733><P style="line-height:8pt; margin:0px; font-size:6pt">Distributor credit</P>
</TD></TR>
<TR><TD style="background-color:#FFFFFF" valign=bottom width=180.867><P style="line-height:8pt; margin:0px; font-size:6pt">AGUIAR DIST. DE BEBIDAS</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=91.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Subsidiary</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=97.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>Mortgage</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=52><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>405,126 &nbsp;</P>
</TD><TD style="background-color:#FFFFFF" valign=bottom width=55.333><P style="line-height:8pt; margin:0px; font-size:6pt" align=center>US$</P>
</TD><TD valign=bottom width=194.733><P style="line-height:8pt; margin:0px; font-size:6pt">Distributor credit</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>
</DIV><DIV style="width:664.933px"><P style="line-height:13pt; margin:0px; font-size:11pt" align=center>33</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" 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"><BR></P>
<P style="margin:0px">Assets at each period end 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:0"><TD width=196.667></TD><TD width=162.467></TD><TD width=77.533></TD><TD width=72></TD></TR>
<TR><TD valign=bottom width=196.667><P>&nbsp;</P></TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Currency</B></P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>30-sep-08</B></P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>30-sep-07</B></P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P>&nbsp;</P></TD><TD valign=bottom width=162.467><P>&nbsp;</P></TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Current Assets</B></P>
</TD><TD valign=bottom width=162.467><P>&nbsp;</P></TD><TD valign=bottom width=77.533><P>&nbsp;</P></TD><TD valign=bottom width=72><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Cash</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,436,983</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>4,275,177</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">US$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>4,369,790</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>4,466,596</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,233,003</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,084,758</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>6,133,656</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>22,164,616</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Time Deposits</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">US$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>17,389,922</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>20,819</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>35,587,196</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>13,131,366</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>32,226</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>164,753</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Marketable Securities (Net)</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>7,855,121</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>3,541,979</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">US$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>32,165,093</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>45,413,915</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>158,759</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>(298,704)</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>22,045</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Trade Accounts Receivable (Net)</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>14,642,180</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>13,765,913</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">US$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>715,632</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>664,905</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,698,140</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,132,847</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>13,191,658</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>13,350,309</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Notes Receivable</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>6,807,755</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>6,517,841</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>677,886</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>400,435</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,833,444</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,642,614</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Other Debtors (Net)</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>3,603,900</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,560,637</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">US$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>86,288</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>122,119</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>3,933,662</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>579,032</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>7,037,377</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>6,039,744</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Notes Receivable Related Companies</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,725,894</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>671,041</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Inventories (Net)</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>8,344,332</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>6,960,058</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">US$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,372,132</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,836,308</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>7,238,743</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>6,732,187</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>10,097,336</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>10,802,393</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Recoverable Taxes</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,701,324</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,550,606</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,336,345</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>349,343</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,313,559</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>210,798</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>196,654</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Prepaid Expenses</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,598,421</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,395,838</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>35,383</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">US$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>61,358</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>58,949</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>271,101</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>226,758</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,045,142</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>623,005</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Deferred Taxes</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>693,019</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>772,420</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>385,950</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>4,054,289</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Other Current Assets</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>3,654,288</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>127,649</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,174,395</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">US$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>564,172</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>32,671,728</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>983,214</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>994,960</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,439,027</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,630,112</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Property, Plant and Equipment</B></P>
</TD><TD valign=bottom width=162.467><P>&nbsp;</P></TD><TD valign=bottom width=77.533><P>&nbsp;</P></TD><TD valign=bottom width=72><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Property, Plant and Equipment</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>97,312,859</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>84,679,566</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">US$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>106,901,915</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>86,387,343</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Other Assets</B></P>
</TD><TD valign=bottom width=162.467><P>&nbsp;</P></TD><TD valign=bottom width=77.533><P>&nbsp;</P></TD><TD valign=bottom width=72><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Investments in Related Companies</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>19,758,798</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>20,467,792</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">US$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>940,528</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>5,795,620</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,150,145</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Investments in Other Companies</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">US$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>77,759</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>14,044</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>48,868</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>48,895</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Goodwill</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,200,426</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">US$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>58,308,725</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>64,584,149</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Long Term Debtors</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>10,947</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>20,620</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>9,155</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>21,738</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Notes Receivable Related Companies</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>46,142</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>39,540</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Intangibles</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">US$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>315,280</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>445,993</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,139,981</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Amortization</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">US$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>(169,464)</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>(282,226)</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Others</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,431,002</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,219,951</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Indexed Ch$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,025,685</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>3,201,530</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">US$</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>11,545</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>20,555,943</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>3,319,282</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,374,598</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>16,745,011</P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>15,269,052</P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Total Assets</B></P>
</TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Non-indexed Ch$</B></P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>83,828,221</B></P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>48,229,130</B></P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P>&nbsp;</P></TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>US$</B></P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>223,170,147</B></P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>257,901,113</B></P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P>&nbsp;</P></TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>$AR</B></P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>21,101,271</B></P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>15,881,799</B></P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P>&nbsp;</P></TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>$R</B></P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>68,774,343</B></P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>74,734,693</B></P>
</TD></TR>
<TR><TD valign=bottom width=196.667><P>&nbsp;</P></TD><TD valign=bottom width=162.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Indexed Ch$</B></P>
</TD><TD valign=bottom width=77.533><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>129,931,027</B></P>
</TD><TD valign=bottom width=72><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>121,130,611</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>34</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<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"><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 September 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:0"><TD width=193.267></TD><TD width=90.067></TD><TD width=58.267></TD><TD width=42.2></TD><TD width=58.267></TD><TD width=42.2></TD><TD width=52.733></TD><TD width=42.2></TD><TD width=52.733></TD><TD width=42.333></TD></TR>
<TR><TD valign=bottom width=193.267><P>&nbsp;</P></TD><TD valign=bottom width=90.067><P>&nbsp;</P></TD><TD valign=bottom width=158.733 colspan=3><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>Up to 90 days</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=190 colspan=4><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>90 days to 1 year</B></P>
</TD></TR>
<TR><TD valign=bottom width=193.267><P>&nbsp;</P></TD><TD valign=bottom width=90.067><P>&nbsp;</P></TD><TD valign=bottom width=100.467 colspan=2><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>30-sep-08</B></P>
</TD><TD valign=bottom width=100.467 colspan=2><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>30-sep-07</B></P>
</TD><TD valign=bottom width=94.933 colspan=2><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>30-sep-08</B></P>
</TD><TD valign=bottom width=95.067 colspan=2><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>30-sep-07</B></P>
</TD></TR>
<TR><TD valign=bottom width=193.267><P>&nbsp;</P></TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt"><B>Currency</B></P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>Amount</B></P>
</TD><TD valign=bottom width=42.2><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>Annual average interest rate</B></P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>Amount</B></P>
</TD><TD valign=bottom width=42.2><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>Annual average interest rate</B></P>
</TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>Amount</B></P>
</TD><TD valign=bottom width=42.2><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>Annual average interest rate</B></P>
</TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>Amount</B></P>
</TD><TD valign=bottom width=42.333><P style="line-height:9pt; margin:0px; font-size:7pt" align=center><B>Annual average interest rate</B></P>
</TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">Short term bank liabilities</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>37,342</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>2,746,046</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">$AR</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>5,156,728</P>
</TD><TD valign=bottom width=42.2><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>11.55%</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>6,655,576</P>
</TD><TD valign=bottom width=42.2><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>11.55%</P>
</TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>5,490,201</P>
</TD><TD valign=bottom width=42.2><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>17.93%</P>
</TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">Long term bank liabilities</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">$R</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>123,077</P>
</TD><TD valign=bottom width=42.2><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>11.89%</P>
</TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>230,052</P>
</TD><TD valign=bottom width=42.333><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>13.47%</P>
</TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">Long term bonds payable </P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">Indexed Ch$</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>8,853,331</P>
</TD><TD valign=bottom width=42.2><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>6.20%</P>
</TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>1,656,078</P>
</TD><TD valign=bottom width=42.2><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>6.50%</P>
</TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>6,917,652</P>
</TD><TD valign=bottom width=42.333><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>6.20%</P>
</TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">Dividends payable</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">Indexed Ch$</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>5,787,210</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>6,327,993</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">$AR</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>5,986</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>4,898</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">Accounts payable</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>24,962,942</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>18,590,199</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">US$</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>2,347,533</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>3,532,957</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">$AR</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>11,351,304</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>6,558,541</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>100,001</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">$R</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>7,792,811</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>12,922,660</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>50,000</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">EURO</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>18,789</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>28,663</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">Other creditors</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">$AR</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>168,013</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>151,000</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>54,128</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>40,633</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">$R</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>4,413,430</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>3,894,513</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">US$</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>98,784</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>280,913</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">Notes and accounts payable related companies</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>5,346,532</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>3,951,734</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">US$</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>298,435</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">$AR</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>2,423,861</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>1,676,883</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">$R</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>1,855,862</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>3,169,408</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">Provisions</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>703,999</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>824,041</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">$R</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>3,078,641</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>2,988,005</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">Withholdings</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>7,558,941</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>1,211,652</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">Indexed Ch$</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>5,067,222</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">$AR</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>5,875,075</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>4,888,350</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">$R</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>3,740,688</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>4,072,737</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">Income tax provision</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">Indexed Ch$</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>403,568</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>1,335,635</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">$AR</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>1,134,313</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>1,124,464</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">$R</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>1,190,479</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>1,046,305</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">Unearned income</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>29,626</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>568,945</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">Deferred taxes</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">Indexed Ch$</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">$AR</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">Other current liabilities</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>2,464,095</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>6,118,933</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt">-</P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt">US$</P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>2,006,802</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right>-</P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P style="line-height:9pt; margin:0px; font-size:7pt"><B>Total current liabilities</B></P>
</TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt"><B>Non-indexed Ch$</B></P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>41,103,477</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>34,011,550</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P>&nbsp;</P></TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt"><B>US$</B></P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>4,453,119</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>4,112,305</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P>&nbsp;</P></TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt"><B>$AR</B></P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>26,115,280</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>19,935,248</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>5,644,330</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>1,165,097</B></P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P>&nbsp;</P></TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt"><B>$R</B></P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>14,062,103</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>19,986,581</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>8,182,885</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>8,337,099</B></P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P>&nbsp;</P></TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt"><B>Indexed Ch$</B></P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>6,190,778</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>21,584,181</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>1,656,078</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>6,917,652</B></P>
</TD><TD valign=bottom width=42.333><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=193.267><P>&nbsp;</P></TD><TD valign=bottom width=90.067><P style="line-height:9pt; margin:0px; font-size:7pt"><B>EURO</B></P>
</TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>18,789</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=58.267><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>28,663</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=42.2><P>&nbsp;</P></TD><TD valign=bottom width=52.733><P style="line-height:9pt; margin:0px; font-size:7pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=42.333><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>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>35</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" 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 September 30, 2008 were composed of local and foreign currencies as follows: </P>
<P style="margin:0px"><BR></P>
<A NAME="RANGE!A1:J23"></A><A NAME="RANGE!A1:J24"></A><A NAME="RANGE!A1:J25"></A><TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=183.333></TD><TD width=89.267></TD><TD width=61.067></TD><TD width=40.733></TD><TD width=55></TD><TD width=41.133></TD><TD width=61.2></TD><TD width=40.867></TD><TD width=61.2></TD><TD width=40.467></TD></TR>
<TR><TD valign=bottom width=183.333><P>&nbsp;</P></TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Currency</B></P>
</TD><TD valign=bottom width=101.8 colspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>1 to 3 years</B></P>
</TD><TD valign=bottom width=96.133 colspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>3 to 5 years</B></P>
</TD><TD valign=bottom width=102.067 colspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>5 to 10 years</B></P>
</TD><TD valign=bottom width=101.667 colspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Over 10 years</B></P>
</TD></TR>
<TR><TD valign=bottom width=183.333><P>&nbsp;</P></TD><TD valign=bottom width=89.267><P>&nbsp;</P></TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Amount</B></P>
</TD><TD valign=bottom width=40.733><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Annual average interest rate</B></P>
</TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Amount</B></P>
</TD><TD valign=bottom width=41.133><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Annual average interest rate</B></P>
</TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Amount</B></P>
</TD><TD valign=bottom width=40.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Annual average interest rate</B></P>
</TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Amount</B></P>
</TD><TD valign=bottom width=40.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Annual average interest rate</B></P>
</TD></TR>
<TR><TD valign=bottom width=183.333><P>&nbsp;</P></TD><TD valign=bottom width=89.267><P>&nbsp;</P></TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Long term bank liabilities</P>
</TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>612,758</P>
</TD><TD valign=bottom width=40.733><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>9.86%</P>
</TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Long term bonds payable</P>
</TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Indexed Ch$</P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>9,136,101</P>
</TD><TD valign=bottom width=40.733><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>6.50%</P>
</TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>9,136,101</P>
</TD><TD valign=bottom width=41.133><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>6.50%</P>
</TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>22,840,252 &nbsp;</P>
</TD><TD valign=bottom width=40.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>6.50%</P>
</TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>36,544,404 &nbsp;</P>
</TD><TD valign=bottom width=40.467><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>6.50%</P>
</TD></TR>
<TR><TD valign=bottom width=183.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Other creditors</P>
</TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>59,827</P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Notes and accounts payable related companies</P>
</TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>3,172,190</P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Other currencies</P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>139,297</P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Provisions</P>
</TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>835,589</P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,434,734</P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">.</P>
</TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>7,690,532</P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Indexed Ch$</P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>6,111,573 &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Deferred taxes</P>
</TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>699,529</P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>477,535 &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>665,286</P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>12,606,912</P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Other liabilities</P>
</TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-indexed Ch$</P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>4,820,681 &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>300,095</P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,700,854 &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>4,398,076</P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>- &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Total long term liabilities</B></P>
</TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>$R</B></P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>25,308,278</B></P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P>&nbsp;</P></TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Indexed Ch$</B></P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>9,136,101</B></P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>9,136,101</B></P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>22,840,252</B> &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>42,655,977</B> &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P>&nbsp;</P></TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>$AR</B></P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>1,494,561</B></P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>965,381</B></P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>2,700,854</B> &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P>&nbsp;</P></TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Non-indexed Ch$</B></P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>4,707,308</B></P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>4,820,681</B> &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>477,535</B> &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=183.333><P>&nbsp;</P></TD><TD valign=bottom width=89.267><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Other currencies</B></P>
</TD><TD valign=bottom width=61.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=40.733><P>&nbsp;</P></TD><TD valign=bottom width=55><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>139,297</B></P>
</TD><TD valign=bottom width=41.133><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=40.867><P>&nbsp;</P></TD><TD valign=bottom width=61.2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>-</B> &nbsp;</P>
</TD><TD valign=bottom width=40.467><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Long term liabilities at September 30, 2007 were composed of local and foreign currencies as follows:</P>
<P style="margin:0px"><BR></P>
<A NAME="RANGE!A1:J22"></A><TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=186.6></TD><TD width=88.867></TD><TD width=56.067></TD><TD width=45.067></TD><TD width=50.333></TD><TD width=45.333></TD><TD width=56.067></TD><TD width=45.067></TD><TD width=56.067></TD><TD width=44.8></TD></TR>
<TR><TD valign=bottom width=186.6><P>&nbsp;</P></TD><TD valign=bottom width=88.867 rowspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Currency</B></P>
</TD><TD valign=bottom width=101.133 colspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>1 to 3 years</B></P>
</TD><TD valign=bottom width=95.667 colspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>3 to 5 years</B></P>
</TD><TD valign=bottom width=101.133 colspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>5 to 10 years</B></P>
</TD><TD valign=bottom width=100.867 colspan=2><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Over 10 years</B></P>
</TD></TR>
<TR><TD valign=bottom width=186.6><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Amount</B></P>
</TD><TD valign=bottom width=45.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Annual average interest rate</B></P>
</TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Amount</B></P>
</TD><TD valign=bottom width=45.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Annual average interest rate</B></P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Amount</B></P>
</TD><TD valign=bottom width=45.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Annual average interest rate</B></P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Amount</B></P>
</TD><TD valign=bottom width=44.8><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>Annual average interest rate</B></P>
</TD></TR>
<TR><TD valign=bottom width=186.6><P>&nbsp;</P></TD><TD valign=bottom width=88.867><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=45.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>%</B></P>
</TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=45.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>%</B></P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=45.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>%</B></P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=44.8><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=center><B>%</B></P>
</TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Long term bank liabilities</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>833,537</P>
</TD><TD valign=bottom width=45.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>10.19%</P>
</TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Long term bonds payable</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Indexed Ch$</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>4,562,444</P>
</TD><TD valign=bottom width=45.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>6.45%</P>
</TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>9,124,889</P>
</TD><TD valign=bottom width=45.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>6.50%</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>22,812,221</P>
</TD><TD valign=bottom width=45.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>6.50%</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>41,062,009</P>
</TD><TD valign=bottom width=44.8><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>6.50%</P>
</TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">US$</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,235,097</P>
</TD><TD valign=bottom width=44.8><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>7.63%</P>
</TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Other creditors</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>77,462</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>31,486</P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Notes and accounts payable related companies</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-Indexed Ch$</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>3,704,758</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>113,618</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Provisions</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-Indexed Ch$</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>810,016</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Indexed Ch$</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>5,886,973</P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,527,622</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>10,150,442</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Deferred taxes</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Indexed Ch$</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>1,822,564</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>709,132</P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>7,217,322</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Other liabilities</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">Non-Indexed Ch$</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>5,736,936</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$AR</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>235,304</P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>2,117,729</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">-</P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt">$R</P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>3,320,686</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right>-</P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Total long term liabilities</B></P>
</TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>$R</B></P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>21,635,605</B></P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>31,486</B></P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P>&nbsp;</P></TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Indexed Ch$</B></P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>6,385,008</B></P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>9,124,889</B></P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>22,812,221</B></P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>46,948,982</B></P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P>&nbsp;</P></TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>US$</B></P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>2,235,097</B></P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P>&nbsp;</P></TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>$AR</B></P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>1,605,084</B></P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>944,436</B></P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>2,117,729</B></P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=186.6><P>&nbsp;</P></TD><TD valign=bottom width=88.867><P style="line-height:8.5pt; margin:0px; font-size:6.5pt"><B>Non-Indexed Ch$</B></P>
</TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>4,514,774</B></P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=50.333><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=45.333><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>5,736,936</B></P>
</TD><TD valign=bottom width=45.067><P>&nbsp;</P></TD><TD valign=bottom width=56.067><P style="line-height:8.5pt; margin:0px; font-size:6.5pt" align=right><B>-</B></P>
</TD><TD valign=bottom width=44.8><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>36</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" 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">No subsequent events have taken pace since September 30, 2008 until the date of filing of these financial statements. </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$2,294,263 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$215,771.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Note 35 &#150; Time deposits</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The Company and its subsidiaries have invested in time deposits that are valued at the restated cost plus accrued interests as of the closing date of these financial statements, according to the following table:</P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=191.267></TD><TD width=120.867></TD><TD width=120.8></TD><TD width=120.8></TD><TD width=120.533></TD></TR>
<TR><TD valign=bottom width=191.267><P style="margin:0px"><B>Time Deposits</B></P>
</TD><TD valign=bottom width=120.867><P>&nbsp;</P></TD><TD valign=bottom width=120.8><P>&nbsp;</P></TD><TD valign=bottom width=120.8><P>&nbsp;</P></TD><TD valign=bottom width=120.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=191.267><P>&nbsp;</P></TD><TD valign=bottom width=120.867><P>&nbsp;</P></TD><TD valign=bottom width=120.8><P>&nbsp;</P></TD><TD valign=bottom width=120.8><P>&nbsp;</P></TD><TD valign=bottom width=120.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=191.267><P>&nbsp;</P></TD><TD valign=bottom width=120.867><P>&nbsp;</P></TD><TD valign=bottom width=120.8><P>&nbsp;</P></TD><TD valign=bottom width=120.8><P style="margin:0px" align=center><B>30-Sep-08</B></P>
</TD><TD valign=bottom width=120.533><P style="margin:0px" align=center><B>30-Sep-07</B></P>
</TD></TR>
<TR><TD valign=bottom width=191.267><P style="margin:0px"><B>Institution</B></P>
</TD><TD valign=bottom width=120.867><P style="margin:0px" align=center><B>Currency</B></P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=center><B>Rate</B></P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD><TD valign=bottom width=120.533><P style="margin:0px" align=center><B>ThCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=191.267><P style="margin:0px">Banco Santander</P>
</TD><TD valign=bottom width=120.867><P style="margin:0px" align=center>UF</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>2.42%</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>14,579,091</P>
</TD><TD valign=bottom width=120.533><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=191.267><P style="margin:0px">Royal Bank of Canada</P>
</TD><TD valign=bottom width=120.867><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>2.73079%</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>11,876,237</P>
</TD><TD valign=bottom width=120.533><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=191.267><P style="margin:0px">Banco BBVA</P>
</TD><TD valign=bottom width=120.867><P style="margin:0px" align=center>UF</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>2.90%</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>8,018,945</P>
</TD><TD valign=bottom width=120.533><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=191.267><P style="margin:0px">Banco del Estado</P>
</TD><TD valign=bottom width=120.867><P style="margin:0px" align=center>US$</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>3.78%</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>5,513,679</P>
</TD><TD valign=bottom width=120.533><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=191.267><P style="margin:0px">Banco Chile</P>
</TD><TD valign=bottom width=120.867><P style="margin:0px" align=center>UF</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>2.00%</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>5,478,248</P>
</TD><TD valign=bottom width=120.533><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=191.267><P style="margin:0px">Banco Chile</P>
</TD><TD valign=bottom width=120.867><P style="margin:0px" align=center>UF</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>0.70%</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>3,232,748</P>
</TD><TD valign=bottom width=120.533><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=191.267><P style="margin:0px">Banco Chile</P>
</TD><TD valign=bottom width=120.867><P style="margin:0px" align=center>UF</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>3.40%</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>2,244,768</P>
</TD><TD valign=bottom width=120.533><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=191.267><P style="margin:0px">Banco Chile</P>
</TD><TD valign=bottom width=120.867><P style="margin:0px" align=center>UF</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>1.20%</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>2,033,396</P>
</TD><TD valign=bottom width=120.533><P style="margin:0px" align=right>-</P>
</TD></TR>
<TR><TD valign=bottom width=191.267><P style="margin:0px">Banco Votorantim</P>
</TD><TD valign=bottom width=120.867><P style="margin:0px" align=center>R$</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>13.87%</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>32,232</P>
</TD><TD valign=bottom width=120.533><P style="margin:0px" align=right>104,551</P>
</TD></TR>
<TR><TD valign=bottom width=191.267><P style="margin:0px">Banco Santander</P>
</TD><TD valign=bottom width=120.867><P style="margin:0px" align=center>Ch$</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>0.53%</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=120.533><P style="margin:0px" align=right>59,087</P>
</TD></TR>
<TR><TD valign=bottom width=191.267><P style="margin:0px">Banco Santander</P>
</TD><TD valign=bottom width=120.867><P style="margin:0px" align=center>Ch$</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>0.54%</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=120.533><P style="margin:0px" align=right>13,072,280</P>
</TD></TR>
<TR><TD valign=bottom width=191.267><P style="margin:0px">Banco Pactual</P>
</TD><TD valign=bottom width=120.867><P style="margin:0px" align=center>R$</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>13.75%</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=120.533><P style="margin:0px" align=right>60,560</P>
</TD></TR>
<TR><TD valign=bottom width=191.267><P style="margin:0px">Banco BBVA Franc&#233;s</P>
</TD><TD valign=bottom width=120.867><P style="margin:0px" align=center>AR$</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>11.00%</P>
</TD><TD valign=bottom width=120.8><P style="margin:0px" align=right>-</P>
</TD><TD valign=bottom width=120.533><P style="margin:0px" align=right>20,460</P>
</TD></TR>
<TR><TD valign=bottom width=191.267><P style="margin:0px"><B>Total</B></P>
</TD><TD valign=bottom width=120.867><P>&nbsp;</P></TD><TD valign=bottom width=120.8><P>&nbsp;</P></TD><TD valign=bottom width=120.8><P style="margin:0px" align=right><B>53,009,344</B></P>
</TD><TD valign=bottom width=120.533><P style="margin:0px" align=right><B>13,316,938</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>37</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-right:2.4px"><B>I.</B></P>
<P style="margin:0px; padding-right:2.4px; text-indent:47.267px"><B>Analysis of Results for the Third Quarter and Nine Months ended September 30, 2008</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">All figures are expressed under Chilean GAAP and in constant Chilean pesos as of September 2008, therefore all variations are in real terms over a 9.3% annual inflation (September 2007 through September 2008.)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-right:2.4px"><B><U>Highlights</U></B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:71.267px; padding-right:40.8px; text-indent:-24px; font-family:Symbol" align=justify>&#183;</P>
<P style="margin:0px; padding-left:71.267px; padding-right:40.8px" align=justify>Operating Income reached Ch$27,346 million during the Third Quarter of 2008, a 5.5% increase in real terms compared to the same period of the previous year. &nbsp;Operating Margin was 14.7%.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:71.267px; padding-right:40.8px; text-indent:-24px; font-family:Symbol" align=justify>&#183;</P>
<P style="margin:0px; padding-left:71.267px; padding-right:40.8px" align=justify>Consolidated Sales Volume for the Third Quarter amounted to 104.6 million unit cases, an increase of 5.7% during the quarter. </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:71.267px; padding-right:40.8px; text-indent:-24px; font-family:Symbol" align=justify>&#183;</P>
<P style="margin:0px; padding-left:71.267px; padding-right:40.8px" align=justify>Third Quarter EBITDA totaled Ch$36,302 million, a 6.6% increase in real terms compared to the Third Quarter of 2007. EBITDA Margin was 19.6%.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:71.267px; padding-right:40.8px; text-indent:-24px; font-family:Symbol" align=justify>&#183;</P>
<P style="margin:0px; padding-left:71.267px; padding-right:40.8px" align=justify>Net Income for the Third Quarter of 2008 reached Ch$17,032 million, 6.8% higher than the figure recorded in the Third Quarter of 2007.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:71.267px; padding-right:40.8px; text-indent:-24px; font-family:Symbol" align=justify>&#183;</P>
<P style="margin:0px; padding-left:71.267px; padding-right:40.8px" align=justify>Consolidated Operating Income reached Ch$87,968 million during the period ended September 30, 2008, 11.0% higher in real terms than the figure recorded as of September 30, 2007. &nbsp;Operating Margin was 15.7%. </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:71.267px; padding-right:40.8px; text-indent:-24px; font-family:Symbol" align=justify>&#183;</P>
<P style="margin:0px; padding-left:71.267px; padding-right:40.8px" align=justify>Consolidated Sales Volume for the period ended September 30, 2008 totaled 322.5 million unit cases, an increase of 4.5% compared to 2007. </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:71.267px; padding-right:40.8px; text-indent:-24px; font-family:Symbol" align=justify>&#183;</P>
<P style="margin:0px; padding-left:71.267px; padding-right:40.8px" align=justify>Consolidated EBITDA for the period ended September 30, 2008 amounted to Ch$114,431 million, an increase of 10.9% in real terms. &nbsp;EBITDA Margin was 20.4%.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:71.267px; padding-right:40.8px; text-indent:-24px; font-family:Symbol" align=justify>&#183;</P>
<P style="margin:0px; padding-left:71.267px; padding-right:40.8px" align=justify>Net Income for the First Nine Months of 2008 reached Ch$55,488 million, 2.4% higher in real terms than the figure reported for the First Nine Months of 2007.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B><U>Comments from the Chief Executive Officer, Mr. Jaime Garcia R.</U></B></P>
<P style="margin:0px" align=justify>&nbsp;</P>
<P style="margin:0px">&#147;Undoubtedly, this year has been a complex one, marked by inflationary scenarios and financial turbulence. Nevertheless, as of the third quarter we increased our consolidated volumes by 4.5%, where the categories of juices and waters stand out with a 20% growth rate, and we also increased our consolidated cash generation in real terms by 11%. We are convinced that Andina has great strengths to face the current world-wide confidence crisis, to name a few: a privileged liquidity position and our strong competitive position in a sector of non-durable goods, which along with the impeccable point of sale execution allows us to view the future with confidence.&#147;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:2.4px"><B>CONSOLIDATED SUMMARY</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; padding-right:2.4px"><B><U>Nine Months ended September 30, 2008 vs. Nine Months ended September 30, 2007</U></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify>During the First Nine Months of 2008, the Company&#146;s results were due to growth in volume, increases in prices slightly lower than local inflation and the complex macroeconomic environment. The average 15.6% and 8.3% 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 stable on average.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Consolidated Sales Volume amounted to 322.5 million unit cases, an increase of 4.5%. &nbsp;Soft Drinks increased 3.2%, while the other categories of, Juices, Waters and Beer together increased by 18.3%, driven by several launchings during the period. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Net Sales amounted to Ch$560,753 million, 16.0% 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="margin:0px" align=justify>Cost of Sales per unit case increased 8.3% compared to the First Nine Months of 2007, mainly due to: (i) higher concentrate costs in our Brazilian and Argentine franchises due to price increases and in Chile given the new bottler incidence agreement; (ii) increased labor costs in the three franchises at a different level; (iii) increased prices for PET resin in the</P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>38</P>
<P style="margin:0px"><BR></P>
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<P style="margin:0px" align=justify>three countries, and (iv) increased price of sugar in Argentina. &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 negotiations with suppliers. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>On the other hand, SG&amp;A expenses increased 25.5% as a result of higher volumes and increased freight fees, which rose due to higher labor costs and fuel prices as well as road blockages in Argentina due the agricultural workers&#146; strike. In addition these expenses were impacted by the effect upon translation of figures of our Brazilian operation, and increased advertising investments in our Argentine operation.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Consolidated Operating Income amounted to Ch$87,968 million, an 11.0% increase in real terms compared to the First Nine Months of 2007. Operating Margin was 15.7%, a decrease of 70 basis points. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Consolidated EBITDA amounted to Ch$114,431 million, an increase of 10.9% in real terms. EBITDA Margin was 20.4%.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-right:2.4px"><B><U>Third Quarter 2008 vs. Third Quarter 2007</U></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify>Consolidated Sales Volume for the Third Quarter of 2008 reached 104.6 million unit cases, a 5.7% increase compared to the same period of the previous year. Soft drinks increased 5.3% and the &#147;other categories&#148; increased 9.7%, driven by new launchings.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Net Sales amounted to Ch$185,661 million, representing a 15.3% improvement in real terms compared to the Third Quarter of 2007, mainly due to increased volumes, price adjustments 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="margin:0px" align=justify>Cost of Sales per unit case increased 10.0%, mainly explained by the previously-mentioned circumstances during the First Nine Months of 2008. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>SG&amp;A expenses increased 19.2%, as a result of increased volumes, higher freight fees and the increase in advertising investments due to launchings during the quarter, in addition to the effect upon translation of figures of our Brazilian operation.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Consolidated Operating Income amounted to Ch$27,346 million, a 5.5% increase in real terms compared to the Third Quarter of 2007. Operating Margin was 14.7%. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Finally, Consolidated EBITDA amounted to Ch$36,302 million, increasing by 6.6% in real terms compared to the same period of the previous year. EBITDA Margin was 19.6%.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; padding-right:2.4px"><B><U>SUMMARY BY COUNTRY</U></B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><B>CHILE</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; padding-right:2.4px"><B><U>Nine Months ended September 30, 2008 vs. Nine Months ended September 30, 2007</U></B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>During the First Nine Months of 2008, Sales Volume amounted to 111.6 million unit cases a significant 6.6% growth compared to the First Nine Months 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 (+19.1%). &nbsp;&nbsp;In addition to the volume contributed by the water brand <I>Benedictino</I>, launched in February, and by the energy drink <I>BURN</I>, launched in May, the company launched &nbsp;during September, <I>Fanta Zero</I>, seeking to modernize the brand and capitalize the <I>Zero</I> trend, and <I>Nestea Green Tea</I>, increasing the iced-tea portfolio. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Net Sales amounted to Ch$191,227 million, a 4.6% improvement in real terms compared to the previous year, as a result of higher volumes and offset by a 1.9% decrease in real terms of the average income per unit case.</P>
<P style="margin:0px" align=justify><BR></P>
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<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>39</P>
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<P style="margin:0px; padding-right:1.2px" align=justify>Cost of Sales per unit case decreased 1.2%. &nbsp;This lower cost is mainly explained by the lower costs of sugar and by the positive effect of the 8.3% average revaluation during the period over al U.S. dollar-denominated raw materials. These factors were partially offset by increased concentrate costs (resulting from price increases and a higher incidence), cost of PET resin and increased labor costs. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>SG&amp;A expenses increased 11.0% due to increased volumes, higher freight fees and labor costs associated to sales. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Operating Income was 3.8% lower in real terms than the figure reported in the same period of 2007, amounting to Ch$38,098 million. &nbsp;Operating Margin was 19.9%. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>EBITDA amounted to Ch$49,634 million, remaining stable in real terms compared to 2007. &nbsp;EBITDA Margin was 26.0%.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:2.4px"><B><U>Third Quarter 2008 vs. Third Quarter 2007</U></B></P>
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<P style="margin:0px; padding-right:1.2px" align=justify>During the Third Quarter of 2008 Sales Volume amounted to 35.8 million unit cases, a 5.7% growth compared to the same period of the previous year, where &#147;other categories&#148; were a strong growth driver recording a 13.2% increase. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Net Sales amounted to Ch$60,837 million, reflecting a growth of 4.6%, with a real average income per unit case 1.0% lower than that of 2007. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Cost of Sales per unit case decreased 2.6%. &nbsp;This lower cost is mainly explained by the previously-mentioned circumstances during the First Nine Months of 2008. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>SG&amp;A expenses increased 10.2%, due to the reasons previously&#150;mentioned. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Operating Income amounted to Ch$11,371 million, a 3.2% increase in real terms compared to the Third Quarter of 2007. &nbsp;Operating Margin was 18.7%. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>EBITDA amounted to Ch$15,148 million, a 4.7% increase in real terms regarding the EBITDA figure recorded during the same period of the previous year. &nbsp;EBITDA Margin was 24.9%. </P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; padding-right:1.2px"><B>BRAZIL</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-right:2.4px"><B><I>For the Third quarter and Nine Months of 2008 the appreciation of the Brazilian real to the Chilean peso 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="margin:0px; padding-right:2.4px"><B><U>Nine Months ended September 30, 2008 vs. Nine Months ended September 30, 2007</U></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Sales Volume amounted to 124.3 million unit cases, a slight increase compared to the 123.9 million unit cases recorded as of September 30, 2007, strongly affected by the contraction in consumer demand and weather conditions in the territories within our franchise.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Net Sales reached Ch$247,425 million, increasing 19.4% 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="margin:0px" align=justify>Cost of Sales per unit case increased 12.9%, mainly due to: (i) higher concentrate costs due to price increases; (ii) increased prices for PET resin; (iii) increased aluminum costs (sales volume for cans represented 14% of total sales volume); (iv) higher depreciation, and (v) effect upon the translation of figures (with a negative impact over costs). &nbsp;All of these factors were partially offset by a decrease in sugar prices and the positive effect of the appreciation of the Brazilian <I>real </I>over US dollar denominated raw material costs. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Higher freight fees and labor costs, and particularly the effect upon translation of figures led to a 29.7% increase of SG&amp;A expenses.</P>
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<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>40</P>
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<P style="margin:0px; padding-right:1.2px" align=justify>Operating Income increased 21.4%, amounting to Ch$38,926 million. Operating Margin was 15.7%, an improvement of 20 basis points.</P>
<P style="margin:0px; padding-right:1.2px" align=justify>&nbsp;</P>
<P style="margin:0px; padding-right:1.2px" align=justify>EBITDA amounted to Ch$48,236 million, an increase of 19.4% in real terms, with an EBITDA Margin of 19.5%, in line compared to the same period of the previous year.</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; padding-right:2.4px"><B><U>Third Quarter 2008 vs. Third Quarter 2007</U></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Sales Volume for the Third Quarter of 2008 amounted to 40.5 million unit cases, representing a 1.8% increase compared to the Third Quarter of 2007. &nbsp;&nbsp;This low volume growth reflects the slow recovery of consumer demand after a consumer pattern shift towards durable goods, less available wages in low income families (as a result of inflation) and lower temperatures than those recorded during the same period last year. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Net Sales reached Ch$82,081 million, representing an increase of 13.6%. &nbsp;This growth is explained by price adjustments during the period, and a favorable exchange rate upon translating figures into US dollars.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Cost of Sales per unit case increased 16.7% mainly explained by the previously mentioned circumstances for the First Nine Months.</P>
<P style="margin:0px; padding-right:1.2px" align=justify><BR>
SG&amp;A&#146;s increased 12.8% due to increased freight fees, labor costs and the effect upon translation of figures. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Operating Income reached Ch$12,638 million, remaining stable in real terms and Operating Margin was 15.4%. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Finally, EBITDA amounted to Ch$15,960 million, an increase of 2.0% in real terms compared to the Third Quarter of 2007. &nbsp;&nbsp;EBITDA Margin was 19.5%. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px"><B>ARGENTINA</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-right:2.4px"><B><U>Nine Months ended September 30, 2008 vs. Nine Months ended September 30, 2007</U></B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Sales Volume reached 86.6 million unit cases, an 8.2% improvement compared to the Sales Volume reported in 2007, driven by the increase in salaries and private consumption observed during the period. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Net Sales reached Ch$124,247 million, representing an increase of 29.6% in real terms. This improvement is explained by higher volumes and significant price adjustments that took place during the period.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Cost of Sales per unit case increased 15.9%, mainly explained by increased costs of concentrate (as a result of price increases), sugar and PET resin and higher labor costs.</P>
<P style="margin:0px; padding-right:1.2px" align=justify>&nbsp;</P>
<P style="margin:0px; padding-right:1.2px" align=justify>SG&amp;A expenses increased 37.0% mainly due to higher salaries, and increased freight fees (due to labor costs, fuel prices and the agricultural strike that increased our distribution costs) and advertising investments. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Operating Income amounted to Ch$12,614 million, a significant 35.5% increase. Operating Margin was 10.1%, 40 basis points higher than 2007. &nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>EBITDA reached Ch$18,231 million, an increase of 23.2% in real terms compared to the same period of 2007. &nbsp;EBITDA Margin was 14.7%.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:2.4px"><B><U>Third Quarter 2008 vs. Third Quarter 2007</U></B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Sales Volume for the Third Quarter of 2008 increased 11.7% reaching 28.3 million unit cases. &nbsp;In addition to the previously mentioned circumstances, this increase was driven by launches of Cepita Light and Cepita 100% Orange Juice during the month of August.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>41</P>
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<P style="margin:0px; padding-right:1.2px" align=justify>Net Sales reached Ch$43,982 million, representing an increase of 39.6% in real terms compared to the Third Quarter of 2007. &nbsp;This improvement is explained by the significant increase in volumes and prices during the period. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Cost of Sales per unit case increased 21.3% and SG&amp;A&#146;s increased 46.3%, explained by the same arguments given for the First Nine Months analysis. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Operating Income amounted to Ch$3,943 million, a 46.0% increase in real terms compared to the same period of 2007. Operating Margin was 9.0%, an increase of 40 basis points compared to the Third Quarter of 2007.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Finally, EBITDA reached Ch$5,801 million, an increase of 29.3%. EBITDA Margin was 13.2%</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:2.4px"><B>NON-OPERATING RESULTS</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; padding-right:2.4px"><B><U>First Nine Months ended September 30, 2008 vs. First Nine Months ended September 30, 2007</U></B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>Non-Operating Results totaled a loss of (Ch$16,676) million, which compares negatively to a lower accumulated loss of (Ch$7,856) million recorded during 2007. This increased loss in the non-operating result line is best explained by: (i) a negative effect explained by the reversal of conversion adjustment reserve realized, due to repatriations from our subsidiaries in Argentina and Brazil; (ii) a negative effect upon price level restatement due to higher CPI; &nbsp;and (iii) a negative effect upon translation of the financial statements of our subsidiary in Brazil which affects net monetary assets. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>Finally, net income amounted to Ch$55,488 million, an increase of 2.4% in real terms compared to the figure recorded as of September 30, 2007.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:2.4px"><B>ANALYSIS OF THE BALANCE SHEET</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>As of September 30, 2008, the Company&#146;s financial assets amounted to Ch$108,957 million. These represent cash, investments in mutual funds and time deposits. &nbsp;81.8% of total financial investments are denominated in Chilean <I>pesos</I>, 11.4% in U.S. <I>dollars</I>, 5.7% in Brazilian <I>reais</I> and 1.1% in Argentine <I>pesos</I>. </P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-right:1.2px" align=justify>On the other hand, the Company&#146;s total debt was Ch$92,740 million, with an average annual rate of 6.5% on Chilean <I>peso</I>-denominated debt. The Chilean <I>peso</I>-denominated debt represents 87.8% of total debt.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify>As a result, the Company holds a positive net cash position of Ch$16,217 million.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>42</P>
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<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:0"><TD width=10.667></TD><TD width=316.933></TD><TD width=51.533></TD><TD width=67.667></TD><TD width=81.867></TD><TD width=67.733></TD><TD width=77.867></TD></TR>
<TR><TD valign=bottom width=674.267 colspan=7><P style="margin:0px" align=center><B>Main Indicators</B></P>
</TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P>&nbsp;</P></TD><TD valign=bottom width=51.533><P>&nbsp;</P></TD><TD valign=bottom width=67.667><P>&nbsp;</P></TD><TD valign=bottom width=81.867><P>&nbsp;</P></TD><TD valign=bottom width=67.733><P>&nbsp;</P></TD><TD valign=bottom width=77.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P>&nbsp;</P></TD><TD valign=bottom width=51.533><P>&nbsp;</P></TD><TD valign=bottom width=67.667><P>&nbsp;</P></TD><TD valign=bottom width=81.867><P>&nbsp;</P></TD><TD valign=bottom width=67.733><P>&nbsp;</P></TD><TD valign=bottom width=77.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=327.6 colspan=2><P style="margin:0px" align=center><B>INDICATORS</B></P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center><B>Unit</B></P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=center><B>sep-08</B></P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=center><B>Dec-2007</B></P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=center><B>sep-07</B></P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center><B>Variance</B></P>
</TD></TR>
<TR><TD valign=bottom width=327.6 colspan=2><P style="margin:0px"><B><I>LIQUIDITY</I></B></P>
</TD><TD valign=bottom width=51.533><P>&nbsp;</P></TD><TD valign=bottom width=67.667><P>&nbsp;</P></TD><TD valign=bottom width=81.867><P>&nbsp;</P></TD><TD valign=bottom width=67.733><P>&nbsp;</P></TD><TD valign=bottom width=77.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Current Ratio</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>Times</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>1.98</P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>1.92 </P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>1.85</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>0.13 </P>
</TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Acid Tests</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>Times</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>1.72</P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>1.72 </P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>1.62</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>0.10 </P>
</TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Working Capital</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>MCh$</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>36,727 &nbsp;</P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>29,296 </P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>47,676</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px; color:#FF0000" align=center>-10,949 </P>
</TD></TR>
<TR><TD valign=bottom width=327.6 colspan=2><P style="margin:0px"><B><I>ACTIVITY</I></B></P>
</TD><TD valign=bottom width=51.533><P>&nbsp;</P></TD><TD valign=bottom width=67.667><P>&nbsp;</P></TD><TD valign=bottom width=81.867><P>&nbsp;</P></TD><TD valign=bottom width=67.733><P>&nbsp;</P></TD><TD valign=bottom width=77.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Investments</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>MCh$</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>46,635 &nbsp;</P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>59,890 </P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>43,644</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>2,991 &nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Inventory turnover</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>Times</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>10.87 </P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>13.60 </P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>10.49</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>0.38 </P>
</TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Days of inventory on hand</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>Days</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>33.13 </P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>26.46 </P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>34.32</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px; color:#FF0000" align=center>-1.20 </P>
</TD></TR>
<TR><TD valign=bottom width=327.6 colspan=2><P style="margin:0px"><B><I>INDEBTEDNESS</I></B></P>
</TD><TD valign=bottom width=51.533><P>&nbsp;</P></TD><TD valign=bottom width=67.667><P>&nbsp;</P></TD><TD valign=bottom width=81.867><P>&nbsp;</P></TD><TD valign=bottom width=67.733><P>&nbsp;</P></TD><TD valign=bottom width=77.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Debt to equity ratio</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>%</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>79.39%</P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>92.22%</P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>87.40%</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>-8.02%</P>
</TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Short-term liabilities to total liabilities</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>%</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>46.08%</P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>53.48%</P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>48.06%</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>-1.98%</P>
</TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Long-term liabilities to total liabilities</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>%</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>53.92%</P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>46.52%</P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>51.94%</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>1.98%</P>
</TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Interest charges coverage ratio</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>Times</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>32.64 </P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>60.47 </P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>32.03 </P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>0.61 </P>
</TD></TR>
<TR><TD valign=bottom width=327.6 colspan=2><P style="margin:0px"><B><I>PROFITABILITY</I></B></P>
</TD><TD valign=bottom width=51.533><P>&nbsp;</P></TD><TD valign=bottom width=67.667><P>&nbsp;</P></TD><TD valign=bottom width=81.867><P>&nbsp;</P></TD><TD valign=bottom width=67.733><P>&nbsp;</P></TD><TD valign=bottom width=77.867><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Return over equity</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>%</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>19.01%</P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>28.32%</P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>18.32%</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>0.69%</P>
</TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Return over total assets</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>%</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>10.23%</P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>14.94%</P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>9.75%</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>0.48%</P>
</TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Return over operating assets</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>%</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>19.48%</P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>32.80%</P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>19.81%</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>-0.33%</P>
</TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Operating income</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>MCh$</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>87,968 &nbsp;</P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>123,463 </P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>79,267</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>8,701 </P>
</TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Operating margin</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>%</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>15.69%</P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>18.14%</P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>16.40%</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>-0.71%</P>
</TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">EBITDA (1)</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>MCh$</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>104,966 &nbsp;</P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>159,218 </P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>102,744</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>2,223 </P>
</TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">EBITDA margin</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>%</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>18.72%</P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>22.93%</P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>21.26%</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>-2.54%</P>
</TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Dividends payout ratio - Series A shares</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>%</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>7.33%</P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>7.16%</P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>6.48%</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>0.85%</P>
</TD></TR>
<TR><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=316.933><P style="margin:0px">Dividends payout ratio - Series B shares</P>
</TD><TD valign=bottom width=51.533><P style="margin:0px" align=center>%</P>
</TD><TD valign=bottom width=67.667><P style="margin:0px" align=right>7.00%</P>
</TD><TD valign=bottom width=81.867><P style="margin:0px" align=right>7.33%</P>
</TD><TD valign=bottom width=67.733><P style="margin:0px" align=right>6.56%</P>
</TD><TD valign=bottom width=77.867><P style="margin:0px" align=center>0.44%</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<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 September 2007 was classified as short term. All of which was partially offset by an increase in short term indebtedness of our subsidiary in Argentina.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Indicators of indebtedness reflect a decrease mainly due to the maturity of the previously mentioned Yankee Bond and the repurchase of US$2 million remaining of the Series B Yankee Bond. &nbsp;During the period net financial expenses amounted to Ch$2,253 million and earnings before interests and taxes amounted to Ch$73,544 million, achieving an interest coverage of 32.64 times.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">At the closing of the period ended September 30, 2008, operating profitability indicators were affected by the reasons explained in paragraph I. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>43</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></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:47.267px"><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; margin-bottom:-16px; padding-left:96px; text-indent:-48px"><B>IV.</B></P>
<P style="margin:0px; padding-left:96px"><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:0"><TD width=255.6></TD><TD width=109.933></TD><TD width=103.6></TD><TD width=103.6></TD><TD width=101.533></TD></TR>
<TR><TD valign=bottom width=255.6 rowspan=2><P>&nbsp;</P></TD><TD valign=bottom width=109.933><P style="margin:0px" align=center><B>Jun-2008</B></P>
</TD><TD valign=bottom width=103.6><P style="margin:0px" align=center><B>Jun-2007</B></P>
</TD><TD valign=bottom width=103.6 rowspan=2><P style="margin:0px" align=center><B>Variation MCh$</B></P>
</TD><TD valign=bottom width=101.533 rowspan=2><P style="margin:0px" align=center><B>Variation %</B></P>
</TD></TR>
<TR><TD valign=bottom width=109.933><P style="margin:0px" align=center><B>MCh$</B></P>
</TD><TD valign=bottom width=103.6><P style="margin:0px" align=center><B>MCh$</B></P>
</TD></TR>
<TR><TD valign=bottom width=255.6><P style="margin:0px">Operating</P>
</TD><TD valign=bottom width=109.933><P style="margin:0px" align=right>93,449</P>
</TD><TD valign=bottom width=103.6><P style="margin:0px" align=right>101,074</P>
</TD><TD valign=bottom width=103.6><P style="margin:0px" align=right>(7,625)</P>
</TD><TD valign=bottom width=101.533><P style="margin:0px" align=right>-8%</P>
</TD></TR>
<TR><TD valign=bottom width=255.6><P style="margin:0px">Financing</P>
</TD><TD valign=bottom width=109.933><P style="margin:0px" align=right>(67,691)</P>
</TD><TD valign=bottom width=103.6><P style="margin:0px" align=right>(95,971)</P>
</TD><TD valign=bottom width=103.6><P style="margin:0px" align=right>28,280</P>
</TD><TD valign=bottom width=101.533><P style="margin:0px" align=right>29%</P>
</TD></TR>
<TR><TD valign=bottom width=255.6><P style="margin:0px">Investment</P>
</TD><TD valign=bottom width=109.933><P style="margin:0px" align=right>(64,043)</P>
</TD><TD valign=bottom width=103.6><P style="margin:0px" align=right>41,775</P>
</TD><TD valign=bottom width=103.6><P style="margin:0px" align=right>(105,818)</P>
</TD><TD valign=bottom width=101.533><P style="margin:0px" align=right>253%</P>
</TD></TR>
<TR><TD valign=bottom width=255.6><P style="margin:0px"><B>Net cash flow for the Period</B></P>
</TD><TD valign=bottom width=109.933><P style="margin:0px" align=right><B>(38,285)</B></P>
</TD><TD valign=bottom width=103.6><P style="margin:0px" align=right><B>46,878</B></P>
</TD><TD valign=bottom width=103.6><P style="margin:0px" align=right><B>(85,163)</B></P>
</TD><TD valign=bottom width=101.533><P style="margin:0px" align=right><B>182%</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The Company generated negative net cash flow of MCh$38,285 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$93,449 representing a negative variation of MCh$7,625 mainly explained by higher income tax payments and other withholding taxes.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Financing activities generated a negative cash flow of MCh$67,691; with a positive variation of MCh$28,280 regarding the previous year, mainly due to lower bond payments in accordance to the pre-established maturity dates. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Investment activities generated a negative cash flow of MCh$64,043 with a negative variation of MCh$105,818 regarding the previous year, mainly because during the 2007 income was collected from the sale of financial investments which did not occur during 2008 and additionally during this period financial investments are made as a result of collections from Cross Currency Swaps which did not occur during 2007. </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:47.267px"><B>&nbsp;Analysis Of Market Risk</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><U>Interest Rate Risk</U></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">As of September 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"><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>44</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><U>Foreign Currency Risk</U></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Income generated by the Company is linked to the currencies of the markets in which it operates. &nbsp;For the period the breakdown for each is the following: </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:24px">Chilean peso:</P>
<P style="margin:0px; padding-left:24px; text-indent:165.067px">34%</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:24px">Brazilian real:</P>
<P style="margin:0px; padding-left:24px; text-indent:165.067px">44%</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:24px">Argentine peso:</P>
<P style="margin:0px; padding-left:24px; text-indent:165.067px">22%</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"><U>Commodity Risks</U></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 September 30, 2008, the following material events were filed: </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B><U>1.- 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>2.- 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; margin-bottom:-16px; padding-left:48px; text-indent:-24px" align=justify>1.</P>
<P style="margin:0px; padding-left:48px" 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-top:0px; margin-bottom:-16px; padding-left:90.867px; text-indent:-18.867px; font-family:Symbol" align=justify>&#183;</P>
<P style="margin:0px; padding-left:90.867px" align=justify>Ch$9.130 (nine pesos and one hundred and thirty cents) per Series A shares; and </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:90.867px; text-indent:-18.867px; font-family:Symbol" align=justify>&#183;</P>
<P style="margin:0px; padding-left:90.867px" 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="margin:0px; padding-left:47.2px" 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; margin-bottom:-16px; padding-left:48px; text-indent:-24px" align=justify>2.</P>
<P style="margin:0px; padding-left:48px" 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:0px" align=justify><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>45</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:90.867px; text-indent:-18.867px; font-family:Symbol" align=justify>&#183;</P>
<P style="margin:0px; padding-left:90.867px" align=justify>Ch$60.00 (sixty pesos) per Series A shares; and </P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:90.867px; text-indent:-18.867px; font-family:Symbol" align=justify>&#183;</P>
<P style="margin:0px; padding-left:90.867px" align=justify>Ch$66.00 (sixty six pesos) per Series B shares. &nbsp;</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; padding-left:47.2px" align=justify>This dividend will be available to shareholders beginning <B>May 14, 2008</B>. Regarding payment of this</P>
<P style="margin:0px; padding-left:47.2px" 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>3.- 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; margin-bottom:-16px; padding-left:95.267px; text-indent:-48px" align=justify>1.</P>
<P style="margin:0px; padding-left:95.267px" 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; margin-bottom:-16px; padding-left:95.267px; text-indent:-48px" align=justify>2.</P>
<P style="margin:0px; padding-left:95.267px" 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="margin:0px; padding-left:95.267px" 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; margin-bottom:-16px; padding-left:95.267px; text-indent:-48px" align=justify>3.</P>
<P style="margin:0px; padding-left:95.267px" 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; margin-bottom:-16px; padding-left:95.267px; text-indent:-48px" align=justify>4.</P>
<P style="margin:0px; padding-left:95.267px" 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>4.- 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><B><U>5.- Changes in Management Corporate Legal and Communications Officer </U></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" align=justify><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=justify><BR>
<BR></P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>46</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify><B><U>Dividends Distributed during the period ended September 30, 2008 </U></B></P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=96.467></TD><TD width=110.4></TD><TD width=27.6></TD><TD width=155.4></TD><TD width=31.8></TD><TD width=244.8></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=96.467><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=110.4><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=27.6><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=155.4><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=31.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=244.8><P>&nbsp;</P></TD><A NAME="OLE_LINK3"></A><A NAME="OLE_LINK4"></A></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=96.467><P style="margin:0px"><B>Number</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=110.4><P style="margin:0px"><B>Payment date</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=27.6><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=155.4><P style="margin:0px"><B>Ch$ per Series A shares</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=31.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=244.8><P style="margin:0px"><B>Ch$ per Series B shares</B></P>
</TD></TR>
<TR><TD valign=top width=96.467><P style="margin:0px"><B>&nbsp;</B></P>
</TD><TD valign=top width=110.4><P>&nbsp;</P></TD><TD valign=top width=27.6><P>&nbsp;</P></TD><TD valign=top width=155.4><P>&nbsp;</P></TD><TD valign=top width=31.8><P>&nbsp;</P></TD><TD valign=top width=244.8><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=96.467><P style="margin:0px"><B>159</B></P>
</TD><TD valign=top width=110.4><P style="margin:0px">January 24 2008</P>
</TD><TD valign=top width=27.6><P>&nbsp;</P></TD><TD valign=top width=155.4><P style="margin:0px; text-indent:58.6px">7.00</P>
</TD><TD valign=top width=31.8><P>&nbsp;</P></TD><TD valign=top width=244.8><P style="margin:0px; text-indent:59.467px">7.70</P>
</TD></TR>
<TR><TD valign=top width=96.467><P style="margin:0px"><B>160</B></P>
</TD><TD valign=top width=110.4><P style="margin:0px">April 24 2008</P>
</TD><TD valign=top width=27.6><P>&nbsp;</P></TD><TD valign=top width=155.4><P style="margin:0px; text-indent:58.6px">9.13</P>
</TD><TD valign=top width=31.8><P>&nbsp;</P></TD><TD valign=top width=244.8><P style="margin:0px; text-indent:52.8px">10.043</P>
</TD></TR>
<TR><TD valign=top width=96.467><P style="margin:0px"><B>161</B> </P>
</TD><TD valign=top width=110.4><P style="margin:0px">May 14 2008</P>
</TD><TD valign=top width=27.6><P>&nbsp;</P></TD><TD valign=top width=155.4><P style="margin:0px; text-indent:51.933px">60.00</P>
</TD><TD valign=top width=31.8><P>&nbsp;</P></TD><TD valign=top width=244.8><P style="margin:0px; text-indent:52.8px">66.00</P>
</TD></TR>
<TR><TD valign=top width=96.467><P style="margin:0px"><B>162</B> </P>
</TD><TD valign=top width=110.4><P style="margin:0px">July 31 2008</P>
</TD><TD valign=top width=27.6><P>&nbsp;</P></TD><TD valign=top width=155.4><P style="margin:0px; text-indent:58.6px">7.00</P>
</TD><TD valign=top width=31.8><P>&nbsp;</P></TD><TD valign=top width=244.8><P style="margin:0px; text-indent:59.467px">7.70</P>
</TD></TR>
<TR><TD valign=top width=96.467><P style="margin:0px"><B>163</B></P>
</TD><TD valign=top width=110.4><P style="margin:0px">October 23 2008</P>
</TD><TD valign=top width=27.6><P>&nbsp;</P></TD><TD valign=top width=155.4><P style="margin:0px; text-indent:58.6px">7.00</P>
</TD><TD valign=top width=31.8><P>&nbsp;</P></TD><TD valign=top width=244.8><P style="margin:0px; text-indent:59.467px">7.70</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-right:6.533px">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>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=center>47</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
</DIV><DIV style="width:664.4px"><P style="margin:0px"><BR></P>
<P style="line-height:8pt; margin:0px; font-size:6pt"><B>Embotelladora Andina S.A.</B></P>
<P style="line-height:8pt; margin:0px; font-size:6pt"><B>Third Quarter Results for the period ended September 30, Chilean GAAP</B></P>
<P style="line-height:8pt; margin:0px; font-size:6pt"><B>(In million constant 09/30/08 Chilean Pesos, except per share)</B></P>
<P style="margin:0px">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=218.533></TD><TD width=54.267></TD><TD width=53.733></TD><TD width=54.4></TD><TD width=39.4></TD><TD width=43.467></TD><TD width=48></TD><TD width=48></TD><TD width=36></TD><TD width=37.067></TD></TR>
<TR><TD valign=bottom width=218.533><P>&nbsp;</P></TD><TD valign=bottom width=201.8 colspan=4><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>30/09/2008</I></B></P>
</TD><TD valign=bottom width=175.467 colspan=4><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>30/09/2007</I></B></P>
</TD><TD valign=bottom width=37.067><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=218.533><P>&nbsp;</P></TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>Chilean Operations</I></B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>Brazilian Operations</I></B></P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>Argentine Operations</I></B></P>
</TD><TD valign=bottom width=39.4><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>Total (2)</I></B></P>
</TD><TD valign=bottom width=43.467><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>Chilean Operations</I></B></P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>Brazilian Operations</I></B></P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>Argentine Operations</I></B></P>
</TD><TD valign=bottom width=36><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>Total (2)</I></B></P>
</TD><TD valign=bottom width=37.067><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>% Ch.</I></B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>VOLUME TOTAL BEVERAGES (Million UC)</B></P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>35.8</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>40.5</B></P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>28.3</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>104.6 &nbsp;</B></P>
</TD><TD valign=bottom width=43.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>33.9</B></P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>39.8</B></P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>25.3</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>99.0</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>5.7%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt">&nbsp;&nbsp;Soft Drink</P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>29.0</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>38.1</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>27.8</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>94.9 &nbsp;</B></P>
</TD><TD valign=bottom width=43.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>27.9</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>37.3</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>24.9</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>90.1</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>5.3%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt">&nbsp;&nbsp;Mineral Water</P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2.8</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.5</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.2</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>3.6 &nbsp;</B></P>
</TD><TD valign=bottom width=43.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2.5</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.7</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.3</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>3.4</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>5.0%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt">&nbsp;&nbsp;Juices</P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>4.0</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1.0</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.3</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>5.3 &nbsp;</B></P>
</TD><TD valign=bottom width=43.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>3.6</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.8</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.1</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>4.5</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>16.2%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt">&nbsp;&nbsp;Beer</P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.9</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>0.9 &nbsp;</B></P>
</TD><TD valign=bottom width=43.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1.0</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>1.0</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-4.4%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P>&nbsp;</P></TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NET SALES</B></P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>60,837</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>82,021</B></P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>43,982</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>185,661 &nbsp;</B></P>
</TD><TD valign=bottom width=43.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>58,154</B></P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>72,187</B></P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>31,507</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>161,063</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>15.3%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;COST OF SALES</B></P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(34,910)</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(45,998)</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(26,514)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(106,244) &nbsp;</P>
</TD><TD valign=bottom width=43.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(33,922)</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(38,711)</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(19,564)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(91,411)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>16.2%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>GROSS PROFIT</B></P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>25,927</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>36,023</B></P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>17,467</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>79,418 &nbsp;</B></P>
</TD><TD valign=bottom width=43.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>24,232</B></P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>33,477</B></P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>11,943</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>69,652</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>14.0%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Gross Margin</B></P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>42.6%</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>43.9%</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>39.7%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>42.8% &nbsp;</P>
</TD><TD valign=bottom width=43.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>41.7%</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>46.4%</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>37.9%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>43.2%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;SELLING AND ADMINISTRATIVE EXPENSES</B></P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(14,556)</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(23,385)</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(13,525)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(51,466) &nbsp;</P>
</TD><TD valign=bottom width=43.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(13,209)</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(20,726)</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(9,243)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(43,178)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>19.2%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;CORPORATE EXPENSES (4)</B></P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(606) &nbsp;</P>
</TD><TD valign=bottom width=43.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(545)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>11.2%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>OPERATING INCOME</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>11,371</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>12,638</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>3,943</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>27,346 &nbsp;</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>11,022</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>12,751</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>2,700</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>25,929</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>5.5%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt">Operating Margin</P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>18.7%</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>15.4%</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9.0%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>14.7% &nbsp;</P>
</TD><TD valign=bottom width=43.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>19.0%</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>17.7%</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>8.6%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>16.1%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>EBITDA (1)</B></P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>15,148</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>15,960</B></P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>5,801</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>36,302 &nbsp;</B></P>
</TD><TD valign=bottom width=43.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>14,462</B></P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>15,649</B></P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>4,488</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>34,054</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>6.6%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt">Ebitda Margin</P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>24.9%</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>19.5%</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>13.2%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>19.6% &nbsp;</P>
</TD><TD valign=bottom width=43.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>24.9%</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>21.7%</P>
</TD><TD valign=bottom width=48><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>14.2%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>21.1%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P>&nbsp;</P></TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NON OPERATIONAL RESULTS</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>&nbsp;&nbsp;</B></P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P>&nbsp;</P></TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;FINANCIAL EXPENSE/INCOME (Net)</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(3,591) &nbsp;</P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>4,707</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-176.3%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;RESULTS FROM AFFILIATED</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>316 &nbsp;</P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>75</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-318.9%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;AMORTIZATION OF GOODWILL</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(1,653) &nbsp;</P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(1,672)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-1.1%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;OTHER INCOME/(EXPENSE)</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(1,227) &nbsp;</P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(1,408)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-12.8%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;PRICE LEVEL RESTATEMENT (3)</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(641) &nbsp;</P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(4,846)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-86.8%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NON-OPERATING RESULTS</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>(6,797) &nbsp;</B></P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>(3,144)</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>116.2%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="margin:0px; font-size:6pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>&nbsp;&nbsp;</B></P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P>&nbsp;</P></TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>INCOME BEFORE INCOME TAXES; AMORTIZATION OF </B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>&nbsp;&nbsp;</B></P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P>&nbsp;</P></TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NEGATIVE GOODWILL AND MINORITY INTEREST</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>20,549 &nbsp;</B></P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>22,785</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-9.8%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="margin:0px; font-size:6pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>&nbsp;&nbsp;</P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P>&nbsp;</P></TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>INCOME TAXES</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(3,554) &nbsp;</P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(6,853)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-48.1%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>MINORITY INTEREST</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>37 &nbsp;</P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>11</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>AMORTIZATION OF NEGATIVE GOODWILL</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0 &nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NET INCOME</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>17,032 &nbsp;</B></P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>15,943</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>6.8%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Net Margin</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9.2% &nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9.9%</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=37.067><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=218.533><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>&nbsp;&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=36><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=37.067><P>&nbsp;</P></TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>WEIGHTED AVERAGE SHARES OUTSTANDING</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>760.3 &nbsp;</P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>760.3</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>EARNINGS PER SHARE</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>22.4 &nbsp;</B></P>
</TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>21.0</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=37.067><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=218.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>EARNINGS PER ADS</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>134.4 &nbsp;</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=43.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=48><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=36><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>125.8</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=37.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>6.8%</B></P>
</TD></TR>
<TR><TD valign=bottom width=218.533><P style="margin:0px; font-size:6pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD valign=bottom width=39.4><P>&nbsp;</P></TD><TD valign=bottom width=43.467><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=48><P>&nbsp;</P></TD><TD valign=bottom width=36><P>&nbsp;</P></TD><TD valign=bottom width=37.067><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="line-height:8pt; margin:0px; font-size:6pt">(1) EBITDA: Operating Income + Depreciation</P>
<P style="line-height:8pt; margin:0px; font-size:6pt">(2) Total may be different from the addition of the three countries because of intercountry eliminations</P>
<P style="line-height:8pt; margin:0px; font-size:6pt">(3) Includes: Monetary Correction + Conversion Effect to Balance Sheet + Income Statement Accounts + Exchange rate gains &amp; losses.</P>
<P style="line-height:8pt; margin:0px; font-size:6pt">(4) Corporate expenses partially reclassified to the operations.</P>
<P style="margin:0px"><BR>
<BR></P>
</DIV><DIV style="width:664.933px"><P style="line-height:13pt; margin:0px; font-size:11pt" align=center>48</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
</DIV><DIV style="width:664.4px"><P style="margin:0px"><BR></P>
<P style="line-height:8pt; margin:0px; font-size:6pt"><B>Embotelladora Andina S.A.</B></P>
<P style="line-height:8pt; margin:0px; font-size:6pt"><B>Third Quarter Results for the period ended September 30, Chilean GAAP</B></P>
<P style="line-height:8pt; margin:0px; font-size:6pt"><B>(In million nominal US$, except per share)</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=202.2></TD><TD width=50.267></TD><TD width=49.733></TD><TD width=50.4></TD><TD width=36.467></TD><TD width=49.8></TD><TD width=49.8></TD><TD width=49.8></TD><TD width=36.467></TD><TD width=45.4></TD></TR>
<TR><TD valign=bottom width=202.2><P>&nbsp;</P></TD><TD valign=bottom width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Exch. Rate &nbsp;:</B></P>
</TD><TD valign=bottom width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>$ 551.31</B></P>
</TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD valign=bottom width=36.467><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Exch. Rate &nbsp;:</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>$ 511.23</B></P>
</TD><TD valign=bottom width=36.467><P>&nbsp;</P></TD><TD valign=bottom width=45.4><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=202.2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=50.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=36.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=36.467><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=45.4><P>&nbsp;</P></TD></TR>
<TR><TD style="border-right:1px solid #000000" valign=bottom width=202.2><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=186.867 colspan=4><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>30/09/2008</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=185.867 colspan=4><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>30/09/2007</I></B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P>&nbsp;</P></TD></TR>
<TR><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=202.2><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>Chilean Operations</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>Brazilian Operations</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=50.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>Argentine Operations</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>Total (2)</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>Chilean Operations</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>Brazilian Operations</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>Argentine Operations</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>Total (2)</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>% Ch.</I></B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>VOLUME TOTAL BEVERAGES (Million UC)</B></P>
</TD><TD valign=bottom width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>35.8</B></P>
</TD><TD valign=bottom width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>40.5</B></P>
</TD><TD valign=bottom width=50.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>28.3</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>104.6</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>33.9</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>39.8</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>25.3</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>99.0</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>5.7%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt">&nbsp;&nbsp;Soft Drink</P>
</TD><TD valign=bottom width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>29.0</P>
</TD><TD valign=bottom width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>38.1</P>
</TD><TD valign=bottom width=50.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>27.8</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>94.9</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>27.9</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>37.3</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>24.9</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>90.1</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>5.3%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt">&nbsp;&nbsp;Mineral Water</P>
</TD><TD valign=bottom width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2.8</P>
</TD><TD valign=bottom width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.5</P>
</TD><TD valign=bottom width=50.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.2</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>3.6</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2.5</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.7</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.3</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>3.4</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>5.0%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt">&nbsp;&nbsp;Juices</P>
</TD><TD valign=bottom width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>4.0</P>
</TD><TD valign=bottom width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1.0</P>
</TD><TD valign=bottom width=50.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.3</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>5.3</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>3.6</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.8</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.1</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>4.5</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>16.2%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt">&nbsp;&nbsp;Beer</P>
</TD><TD valign=bottom width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD><TD valign=bottom width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.9</P>
</TD><TD valign=bottom width=50.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>0.9</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1.0</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>1.0</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-4.4%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.733><P>&nbsp;</P></TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NET SALES</B></P>
</TD><TD valign=bottom width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>110.3</B></P>
</TD><TD valign=bottom width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>148.8</B></P>
</TD><TD valign=bottom width=50.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>79.8</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>336.8</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>104.1</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>129.2</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>56.4</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>288.2</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>16.8%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;COST OF SALES</B></P>
</TD><TD valign=bottom width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(63.3)</P>
</TD><TD valign=bottom width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(83.4)</P>
</TD><TD valign=bottom width=50.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(48.1)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(192.7)</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(60.7)</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(69.3)</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(35.0)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(163.6)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>17.8%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>GROSS PROFIT</B></P>
</TD><TD valign=bottom width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>47.0</B></P>
</TD><TD valign=bottom width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>65.3</B></P>
</TD><TD valign=bottom width=50.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>31.7</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>144.1</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>43.4</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>59.9</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>21.4</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>124.7</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>15.6%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Gross Margin</B></P>
</TD><TD valign=bottom width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>42.6%</P>
</TD><TD valign=bottom width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>43.9%</P>
</TD><TD valign=bottom width=50.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>39.7%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>42.8%</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>41.7%</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>46.4%</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>37.9%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>43.2%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;SELLING AND ADMINISTRATIVE EXPENSES</B></P>
</TD><TD valign=bottom width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(26.4)</P>
</TD><TD valign=bottom width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(42.4)</P>
</TD><TD valign=bottom width=50.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(24.5)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(93.4)</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(23.6)</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(37.1)</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(16.5)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(77.3)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>20.8%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;CORPORATE EXPENSES (4)</B></P>
</TD><TD valign=bottom width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD valign=bottom width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD valign=bottom width=50.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(1.1)</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(1.0)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>12.7%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>OPERATING INCOME</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>20.6</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>22.9</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=50.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>7.2</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>49.6</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>19.7</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>22.8</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>4.8</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>46.4</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>6.9%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt">Operating Margin</P>
</TD><TD valign=bottom width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>18.7%</P>
</TD><TD valign=bottom width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>15.4%</P>
</TD><TD valign=bottom width=50.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9.0%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>14.7%</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>19.0%</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>17.7%</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>8.6%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>16.1%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>EBITDA (1)</B></P>
</TD><TD valign=bottom width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>27.5</B></P>
</TD><TD valign=bottom width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>28.9</B></P>
</TD><TD valign=bottom width=50.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>10.5</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>65.8</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>25.9</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>28.0</B></P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>8.0</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>60.9</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>8.0%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt">Ebitda Margin</P>
</TD><TD valign=bottom width=50.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>24.9%</P>
</TD><TD valign=bottom width=49.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>19.5%</P>
</TD><TD valign=bottom width=50.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>13.2%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>19.6%</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>24.9%</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>21.7%</P>
</TD><TD valign=bottom width=49.8><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>14.2%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>21.1%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NON OPERATIONAL RESULTS</B></P>
</TD><TD valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.733><P>&nbsp;</P></TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;FINANCIAL EXPENSE/INCOME (Net)</B></P>
</TD><TD valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.733><P>&nbsp;</P></TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(6.5)</P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>8.4</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-177.3%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;RESULTS FROM AFFILIATED</B></P>
</TD><TD valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.733><P>&nbsp;</P></TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.6</P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.1</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-324.6%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;AMORTIZATION OF GOODWILL</B></P>
</TD><TD valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.733><P>&nbsp;</P></TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(3.0)</P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(3.0)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.2%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;OTHER INCOME/(EXPENSE)</B></P>
</TD><TD valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.733><P>&nbsp;</P></TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(2.2)</P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(2.5)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-11.7%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;PRICE LEVEL RESTATEMENT (3)</B></P>
</TD><TD valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.733><P>&nbsp;</P></TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(1.2)</P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(8.7)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-86.6%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NON-OPERATING RESULTS</B></P>
</TD><TD valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD valign=bottom width=49.733><P>&nbsp;</P></TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>(12.3)</B></P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>(5.6)</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>119.1%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="margin:0px; font-size:6pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.733><P>&nbsp;</P></TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=top width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>INCOME BEFORE INCOME TAXES; AMORTIZATION OF </B></P>
</TD><TD valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD valign=bottom width=49.733><P>&nbsp;</P></TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NEGATIVE GOODWILL AND MINORITY INTEREST</B></P>
</TD><TD valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.733><P>&nbsp;</P></TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>37.3</B></P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>40.8</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>-8.6%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="margin:0px; font-size:6pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.733><P>&nbsp;</P></TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>INCOME TAXES</B></P>
</TD><TD valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.733><P>&nbsp;</P></TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(6.4)</P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(12.3)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-47.4%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>MINORITY INTEREST</B></P>
</TD><TD valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.733><P>&nbsp;</P></TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.1</P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>AMORTIZATION OF NEGATIVE GOODWILL</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=50.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NET INCOME</B></P>
</TD><TD valign=bottom width=50.267><P>&nbsp;</P></TD><TD valign=bottom width=49.733><P>&nbsp;</P></TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>30.9</B></P>
</TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>28.5</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>8.3%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Net Margin</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.733><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=50.4><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9.2%</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9.9%</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=45.4><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>WEIGHTED AVERAGE SHARES OUTSTANDING</B></P>
</TD><TD valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=49.733><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=50.4><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>760.3</P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>760.3</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>EARNINGS PER SHARE</B></P>
</TD><TD valign=bottom width=50.267><P>&nbsp;</P></TD><TD valign=bottom width=49.733><P>&nbsp;</P></TD><TD valign=bottom width=50.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>0.04</B></P>
</TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD valign=bottom width=49.8><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>0.04</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=45.4><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=202.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>EARNINGS PER ADS</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=50.267><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.733><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=50.4><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>0.24</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.8><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=36.467><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>0.23</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=45.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>8.3%</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px">&nbsp;</P>
<P style="line-height:8pt; margin:0px; font-size:6pt">(1) EBITDA: Operating Income + Depreciation</P>
<P style="line-height:8pt; margin:0px; font-size:6pt">(2) Total may be different from the addition of the three countries because of intercountry eliminations</P>
<P style="line-height:8pt; margin:0px; font-size:6pt">(3) Includes: Monetary Correction + Conversion Effect to Balance Sheet + Income Statement Accounts + Exchange rate gains &amp; losses.</P>
<P style="line-height:8pt; margin:0px; font-size:6pt">(4) Corporate expenses partially reclassified to the operations.</P>
<P style="margin:0px"><BR>
<BR></P>
</DIV><DIV style="width:664.933px"><P style="line-height:13pt; margin:0px; font-size:11pt" align=center>49</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
</DIV><DIV style="width:664.4px"><P style="margin:0px"><BR></P>
<P style="line-height:8pt; margin:0px; font-size:6pt"><B>Embotelladora Andina S.A.</B></P>
<P style="line-height:8pt; margin:0px; font-size:6pt"><B>Nine Months Results for the period ended September 30, Chilean GAAP</B></P>
<P style="line-height:8pt; margin:0px; font-size:6pt"><B>(In million constant 09/30/08 Chilean Pesos, except per share)</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=219.2></TD><TD width=54.267></TD><TD width=53.733></TD><TD width=54.4></TD><TD width=39.4></TD><TD width=53.733></TD><TD width=53.733></TD><TD width=53.733></TD><TD width=39.4></TD><TD width=48.533></TD></TR>
<TR><TD valign=bottom width=219.2><P>&nbsp;</P></TD><TD valign=bottom width=201.8 colspan=4><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>30/09/2008</I></B></P>
</TD><TD valign=bottom width=200.6 colspan=4><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>30/09/2007</I></B></P>
</TD><TD valign=bottom width=48.533><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=219.2><P>&nbsp;</P></TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>Chilean Operations</I></B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>Brazilian Operations</I></B></P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>Argentine Operations</I></B></P>
</TD><TD valign=bottom width=39.4><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>Total (2)</I></B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>Chilean Operations</I></B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>Brazilian Operations</I></B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>Argentine Operations</I></B></P>
</TD><TD valign=bottom width=39.4><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>Total (2)</I></B></P>
</TD><TD valign=bottom width=48.533><P style="line-height:8pt; margin:0px; padding-bottom:4px; font-size:6pt; border-bottom:1px solid #000000" align=center><B><I>% Ch.</I></B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>VOLUME TOTAL BEVERAGES (Million UC)</B></P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>111.6</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>124.3</B></P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>86.6</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>322.5</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>104.7</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>123.9</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>80.1</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>308.7</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>4.5%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt">&nbsp;&nbsp;Soft Drink</P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>89.6</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>116.4</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>85.3</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>291.3</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>86.2</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>117.1</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>79.0</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>282.3</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>3.2%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt">&nbsp;&nbsp;Mineral Water</P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>10.6</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2.0</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.8</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>13.5</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>8.5</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1.7</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.8</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>10.9</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>23.6%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt">&nbsp;&nbsp;Juices</P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>11.3</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2.8</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.5</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>14.6</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>10.0</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2.3</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.3</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>12.5</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>16.3%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt">&nbsp;&nbsp;Beer</P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>3.1</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>3.1</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2.9</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>2.9</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>7.3%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P>&nbsp;</P></TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NET SALES</B></P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>191,227</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>247,425</B></P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>124,427</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>560,753</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>182,798</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>207,270</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>96,002</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>483,357</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>16.0%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;COST OF SALES</B></P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(109,383)</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(129,155)</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(74,788)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(310,999)</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(103,803)</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(114,050)</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(59,673)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(274,813)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>13.2%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>GROSS PROFIT</B></P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>81,844</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>118,270</B></P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>49,639</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>249,753</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>78,995</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>93,220</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>36,329</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>208,544</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>19.8%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Gross Margin</B></P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>42.8%</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>47.8%</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>39.9%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>44.5%</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>43.2%</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>45.0%</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>37.8%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>43.1%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;SELLING AND ADMINISTRATIVE EXPENSES</B></P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(43,746)</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(79,344)</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(37,025)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(160,115)</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(39,407)</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(61,163)</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(27,019)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(127,589)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>25.5%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;CORPORATE EXPENSES (4)</B></P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(1,670)</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(1,688)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-1.1%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>OPERATING INCOME</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>38,098</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>38,926</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>12,614</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>87,968</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>39,588</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>32,057</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>9,310</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>79,267</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>11.0%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt">Operating Margin</P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>19.9%</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>15.7%</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>10.1%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>15.7%</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>21.7%</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>15.5%</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9.7%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>16.4%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>EBITDA (1)</B></P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>49,634</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>48,236</B></P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>18,231</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>114,431</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>49,690</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>40,387</B></P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>14,803</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>103,192</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>10.9%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt">Ebitda Margin</P>
</TD><TD valign=bottom width=54.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>26.0%</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>19.5%</P>
</TD><TD valign=bottom width=54.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>14.7%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>20.4%</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>27.2%</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>19.5%</P>
</TD><TD valign=bottom width=53.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>15.4%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>21.3%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NON OPERATIONAL RESULTS</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;FINANCIAL EXPENSE/INCOME (Net)</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(10,441)</P>
</TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>6,202</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-268.3%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;RESULTS FROM AFFILIATED</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>664</P>
</TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>302</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>120.2%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;AMORTIZATION OF GOODWILL</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(4,959)</P>
</TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(5,107)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-2.9%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;OTHER INCOME/(EXPENSE)</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(2,964)</P>
</TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(1,757)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>68.7%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;PRICE LEVEL RESTATEMENT (3)</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,023</P>
</TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(7,497)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>113.6%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NON-OPERATING RESULTS</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>(16,676)</B></P>
</TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>(7,856)</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>112.3%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="margin:0px; font-size:6pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>INCOME BEFORE INCOME TAXES; AMORTIZATION OF NEGATIVE GOODWILL AND MINORITY INTEREST</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>71,291</B></P>
</TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>71,410</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>-0.2%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="margin:0px; font-size:6pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>INCOME TAXES</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(15,849)</P>
</TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(17,164)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-7.7%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>MINORITY INTEREST</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>46</P>
</TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(33)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>AMORTIZATION OF NEGATIVE</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NET INCOME</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>55,488</B></P>
</TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>54,213</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>2.4%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Net Margin</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9.9%</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>11.2%</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=48.533><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=219.2><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=39.4><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=39.4><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=48.533><P>&nbsp;</P></TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>WEIGHTED AVERAGE SHARES OUTSTANDING</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>760.3</P>
</TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>760.3</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>EARNINGS PER SHARE</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>73.0</B></P>
</TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>71.3</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=48.533><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=219.2><P style="line-height:8pt; margin:0px; font-size:6pt"><B>EARNINGS PER ADS</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.267><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.4><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>437.9</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=53.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.4><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>427.8</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=48.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>2.4%</B></P>
</TD></TR>
<TR><TD valign=bottom width=219.2><P style="margin:0px; font-size:6pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=54.267><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=54.4><P>&nbsp;</P></TD><TD valign=bottom width=39.4><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=53.733><P>&nbsp;</P></TD><TD valign=bottom width=39.4><P>&nbsp;</P></TD><TD valign=bottom width=48.533><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="line-height:8pt; margin:0px; font-size:6pt">(1) EBITDA: Operating Income + Depreciation</P>
<P style="line-height:8pt; margin:0px; font-size:6pt">(2) Total may be different from the addition of the three countries because of intercountry eliminations</P>
<P style="line-height:8pt; margin:0px; font-size:6pt">(3) Includes: Monetary Correction + Conversion Effect to Balance Sheet + Income Statement Accounts + Exchange rate gains &amp; losses.</P>
<P style="line-height:8pt; margin:0px; font-size:6pt">(4) Corporate expenses partially reclassified to the operations.</P>
<P style="margin:0px"><BR>
<BR></P>
</DIV><DIV style="width:664.933px"><P style="line-height:13pt; margin:0px; font-size:11pt" align=center>50</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
</DIV><DIV style="width:664.4px"><P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:8pt; margin:0px; font-size:6pt"><B>Embotelladora Andina S.A.</B></P>
<P style="line-height:8pt; margin:0px; font-size:6pt"><B>Nine Months Results for the period ended September 30, Chilean GAAP</B></P>
<P style="line-height:8pt; margin:0px; font-size:6pt"><B>(In million nominal US$, except per share)</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=219.333></TD><TD width=54.533></TD><TD width=54></TD><TD width=54.733></TD><TD width=39.6></TD><TD width=54.067></TD><TD width=54.067></TD><TD width=54.067></TD><TD width=40.133></TD><TD width=49.2></TD></TR>
<TR><TD valign=bottom width=219.333><P>&nbsp;</P></TD><TD valign=bottom width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Exch. Rate &nbsp;:</B></P>
</TD><TD valign=bottom width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>$ 551.31</B></P>
</TD><TD valign=bottom width=54.733><P>&nbsp;</P></TD><TD valign=bottom width=39.6><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Exch. Rate &nbsp;:</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>$ 511.23</B></P>
</TD><TD valign=bottom width=40.133><P>&nbsp;</P></TD><TD valign=bottom width=49.2><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=219.333><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.533><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.733><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=39.6><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=40.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=49.2><P>&nbsp;</P></TD></TR>
<TR><TD style="border-right:1px solid #000000" valign=bottom width=219.333><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=202.867 colspan=4><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>30/09/2008</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=202.333 colspan=4><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>30/09/2007</I></B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="margin:0px; font-size:6pt" align=center><B><I>&nbsp;</I></B></P>
</TD></TR>
<TR><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=219.333><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>Chilean Operations</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>Brazilian Operations</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=54.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>Argentine Operations</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>Total (2)</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>Chilean Operations</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>Brazilian Operations</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>Argentine Operations</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>Total (2)</I></B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B><I>% Ch.</I></B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>VOLUME TOTAL BEVERAGES (Million UC)</B></P>
</TD><TD valign=bottom width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>111.6</B></P>
</TD><TD valign=bottom width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>124.3</B></P>
</TD><TD valign=bottom width=54.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>86.6</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>322.5</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>104.7</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>123.9</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>80.1</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>308.7</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>4.5%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt">&nbsp;&nbsp;Soft Drink</P>
</TD><TD valign=bottom width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>89.6</P>
</TD><TD valign=bottom width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>116.4</P>
</TD><TD valign=bottom width=54.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>85.3</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>291.3</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>86.2</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>117.1</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>79.0</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>282.3</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>3.2%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt">&nbsp;&nbsp;Mineral Water</P>
</TD><TD valign=bottom width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>10.6</P>
</TD><TD valign=bottom width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2.0</P>
</TD><TD valign=bottom width=54.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.8</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>13.5</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>8.5</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1.7</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.8</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>10.9</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>23.6%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt">&nbsp;&nbsp;Juices</P>
</TD><TD valign=bottom width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>11.3</P>
</TD><TD valign=bottom width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2.8</P>
</TD><TD valign=bottom width=54.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.5</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>14.6</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>10.0</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2.3</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.3</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>12.5</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>16.3%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt">&nbsp;&nbsp;Beer</P>
</TD><TD valign=bottom width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD><TD valign=bottom width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>3.1</P>
</TD><TD valign=bottom width=54.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>3.1</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>2.9</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>2.9</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>7.3%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="margin:0px; font-size:6pt">&nbsp;</P>
</TD><TD valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54><P>&nbsp;</P></TD><TD valign=bottom width=54.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NET SALES</B></P>
</TD><TD valign=bottom width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>346.9</B></P>
</TD><TD valign=bottom width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>448.8</B></P>
</TD><TD valign=bottom width=54.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>225.7</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>1,017.1</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>327.1</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>370.9</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>171.8</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>865.0</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>17.6%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;COST OF SALES</B></P>
</TD><TD valign=bottom width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(198.4)</P>
</TD><TD valign=bottom width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(234.3)</P>
</TD><TD valign=bottom width=54.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(135.7)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(564.1)</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(185.8)</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(204.1)</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(106.8)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(491.8)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>14.7%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>GROSS PROFIT</B></P>
</TD><TD valign=bottom width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>148.5</B></P>
</TD><TD valign=bottom width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>214.5</B></P>
</TD><TD valign=bottom width=54.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>90.0</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>453.0</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>141.4</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>166.8</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>65.0</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>373.2</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>21.4%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Gross Margin</B></P>
</TD><TD valign=bottom width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>42.8%</P>
</TD><TD valign=bottom width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>47.8%</P>
</TD><TD valign=bottom width=54.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>39.9%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>44.5%</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>43.2%</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>45.0%</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>37.8%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>43.1%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;SELLING AND ADMINISTRATIVE EXPENSES</B></P>
</TD><TD valign=bottom width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(79.3)</P>
</TD><TD valign=bottom width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(143.9)</P>
</TD><TD valign=bottom width=54.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(67.2)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(290.4)</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(70.5)</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(109.5)</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(48.4)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(228.3)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>27.2%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;CORPORATE EXPENSES (4)</B></P>
</TD><TD valign=bottom width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD valign=bottom width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD valign=bottom width=54.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(3.0)</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(3.0)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.3%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>OPERATING INCOME</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>69.1</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>70.6</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>22.9</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>159.6</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>70.8</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>57.4</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>16.7</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>141.9</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>12.5%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt">Operating Margin</P>
</TD><TD valign=bottom width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>19.9%</P>
</TD><TD valign=bottom width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>15.7%</P>
</TD><TD valign=bottom width=54.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>10.1%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>15.7%</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>21.7%</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>15.5%</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9.7%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>16.4%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>EBITDA (1)</B></P>
</TD><TD valign=bottom width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>90.0</B></P>
</TD><TD valign=bottom width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>87.5</B></P>
</TD><TD valign=bottom width=54.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>33.1</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>207.6</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>88.9</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>72.3</B></P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>26.5</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>184.7</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>12.4%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt">Ebitda Margin</P>
</TD><TD valign=bottom width=54.533><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>26.0%</P>
</TD><TD valign=bottom width=54><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>19.5%</P>
</TD><TD valign=bottom width=54.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>14.7%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>20.4%</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>27.2%</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>19.5%</P>
</TD><TD valign=bottom width=54.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>15.4%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>21.3%</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NON OPERATIONAL RESULTS</B></P>
</TD><TD valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54><P>&nbsp;</P></TD><TD valign=bottom width=54.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;FINANCIAL EXPENSE/INCOME (Net)</B></P>
</TD><TD valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54><P>&nbsp;</P></TD><TD valign=bottom width=54.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(18.9)</P>
</TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>11.1</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-270.6%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;RESULTS FROM AFFILIATED</B></P>
</TD><TD valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54><P>&nbsp;</P></TD><TD valign=bottom width=54.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1.2</P>
</TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.5</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>123.2%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;AMORTIZATION OF GOODWILL</B></P>
</TD><TD valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54><P>&nbsp;</P></TD><TD valign=bottom width=54.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(9.0)</P>
</TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(9.1)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-1.6%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;OTHER INCOME/(EXPENSE)</B></P>
</TD><TD valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54><P>&nbsp;</P></TD><TD valign=bottom width=54.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(5.4)</P>
</TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(3.1)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>71.0%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>&nbsp;&nbsp;PRICE LEVEL RESTATEMENT (3)</B></P>
</TD><TD valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54><P>&nbsp;</P></TD><TD valign=bottom width=54.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1.9</P>
</TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(13.4)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>113.8%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NON-OPERATING RESULTS</B></P>
</TD><TD valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD valign=bottom width=54><P>&nbsp;</P></TD><TD valign=bottom width=54.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>(30.2)</B></P>
</TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>(14.1)</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>115.1%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="margin:0px; font-size:6pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54><P>&nbsp;</P></TD><TD valign=bottom width=54.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>INCOME BEFORE INCOME TAXES; AMORTIZATION OF NEGATIVE GOODWILL AND MINORITY INTEREST</B></P>
</TD><TD valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54><P>&nbsp;</P></TD><TD valign=bottom width=54.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>129.3</B></P>
</TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>127.8</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>1.2%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="margin:0px; font-size:6pt"><B>&nbsp;</B></P>
</TD><TD valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54><P>&nbsp;</P></TD><TD valign=bottom width=54.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>INCOME TAXES</B></P>
</TD><TD valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54><P>&nbsp;</P></TD><TD valign=bottom width=54.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(28.7)</P>
</TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(30.7)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-6.4%</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>MINORITY INTEREST</B></P>
</TD><TD valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54><P>&nbsp;</P></TD><TD valign=bottom width=54.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.1</P>
</TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(0.1)</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>AMORTIZATION OF NEGATIVE GOODWILL</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.733><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.067><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.067><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.067><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>NA</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>NET INCOME</B></P>
</TD><TD valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD valign=bottom width=54><P>&nbsp;</P></TD><TD valign=bottom width=54.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>100.6</B></P>
</TD><TD valign=bottom width=54.067><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>97.0</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>3.7%</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Net Margin</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.733><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9.9%</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.067><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.067><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.067><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>11.2%</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=49.2><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>WEIGHTED AVERAGE SHARES OUTSTANDING</B></P>
</TD><TD valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD valign=bottom width=54.733><P style="margin:0px; font-size:6pt" align=center>&nbsp;</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>760.3</P>
</TD><TD valign=bottom width=54.067><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD valign=bottom width=54.067><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD valign=bottom width=54.067><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>760.3</P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="margin:0px; font-size:6pt" align=right>&nbsp;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>EARNINGS PER SHARE</B></P>
</TD><TD valign=bottom width=54.533><P>&nbsp;</P></TD><TD valign=bottom width=54><P>&nbsp;</P></TD><TD valign=bottom width=54.733><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>0.13</B></P>
</TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD valign=bottom width=54.067><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>0.13</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=49.2><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=219.333><P style="line-height:8pt; margin:0px; font-size:6pt"><B>EARNINGS PER ADS</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.533><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.733><P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.6><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>0.79</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.067><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.067><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=54.067><P style="margin:0px; font-size:6pt" align=right><B>&nbsp;</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=40.133><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>0.77</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=49.2><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>3.7%</B></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="line-height:8pt; margin:0px; font-size:6pt">(1) : Operating Income + Depreciation</P>
<P style="line-height:8pt; margin:0px; font-size:6pt">(2) Total may be different from the addition of the three countries because of intercountry eliminations</P>
<P style="line-height:8pt; margin:0px; font-size:6pt">(3) Includes: Monetary Correction + Conversion Effect to Balance Sheet + Income Statement Accounts + Exchange rate gains &amp; losses.</P>
<P style="line-height:8pt; margin:0px; font-size:6pt">(4) Corporate expenses partially reclassified to the operations.</P>
<P style="margin:0px"><BR>
<BR></P>
</DIV><DIV style="width:664.933px"><P style="line-height:13pt; margin:0px; font-size:11pt" align=center>51</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=right><BR></P>
<P style="margin:0px"><BR></P>
</DIV><DIV style="width:664.4px"><P style="margin:0px"><BR></P>
<A NAME="RANGE!A1:I42"></A><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Embotelladora Andina S.A.</B></P>
<P style="margin:0px; font-size:6pt" align=center><B>&nbsp;</B></P>
<P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Consolidated Balance Sheet</B></P>
<P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>(In million of constant 09/30/08 Chilean Pesos)</B></P>
<P style="margin:0px">&nbsp;</P>
<TABLE style="font-size:10pt" cellspacing=0><TR style="font-size:0"><TD width=156.667></TD><TD width=57.933></TD><TD width=57.933></TD><TD width=42.267></TD><TD width=10.667></TD><TD width=213.533></TD><TD width=57.933></TD><TD width=58.067></TD><TD width=39.733></TD></TR>
<TR><TD style="border-right:1px solid #000000" valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt"><B>ASSETS</B></P>
</TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>30/09/2008</B></P>
</TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>30/09/2007</B></P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=42.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>%Ch</B></P>
</TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>LIABILITIES &amp; SHAREHOLDERS' EQUITY</B></P>
</TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>30/09/2008</B></P>
</TD><TD style="border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>30/09/2007</B></P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>%Ch</B></P>
</TD></TR>
<TR><TD valign=bottom width=156.667><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=58.067><P>&nbsp;</P></TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt">Cash + Time deposits + market. Securit.</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>107,362</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>93,987</P>
</TD><TD valign=bottom width=42.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>14.2%</P>
</TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt">Short term bank liabilities</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>10,684</P>
</TD><TD valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>9,402</P>
</TD><TD valign=bottom width=39.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>13.6%</P>
</TD></TR>
<TR><TD valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt">Account receivables (net)</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>56,954</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>49,447</P>
</TD><TD valign=bottom width=42.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>15.2%</P>
</TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt">Current portion of long term bank liabilities</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>123</P>
</TD><TD valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>230</P>
</TD><TD valign=bottom width=39.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.0%</P>
</TD></TR>
<TR><TD valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt">Inventories</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>28,053</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>26,331</P>
</TD><TD valign=bottom width=42.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>6.5%</P>
</TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt">Current portion of bonds payable</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>1,656</P>
</TD><TD valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>15,771</P>
</TD><TD valign=bottom width=39.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-89.5%</P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt">Other current assets</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>20,348</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>44,772</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=42.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-54.6%</P>
</TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt">Trade accounts payable and notes payable</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>66,777</P>
</TD><TD valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>61,429</P>
</TD><TD valign=bottom width=39.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>8.7%</P>
</TD></TR>
<TR><TD valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Total Current Assets</B></P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>212,716</B></P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>214,538</B></P>
</TD><TD valign=bottom width=42.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>-0.8%</B></P>
</TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt">Other liabilities</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>28,186</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>29,247</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=39.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-3.6%</P>
</TD></TR>
<TR><TD valign=bottom width=156.667><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Total Current Liabilities</B></P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>107,427</B></P>
</TD><TD valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>116,079</B></P>
</TD><TD valign=bottom width=39.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>-7.5%</B></P>
</TD></TR>
<TR><TD valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt">Property, plant and equipment</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>657,789</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>607,161</P>
</TD><TD valign=bottom width=42.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>8.3%</P>
</TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=58.067><P>&nbsp;</P></TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt">Depreciation</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(453,574)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>(436,094)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=42.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>4.0%</P>
</TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt">Long term bank liabilities</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>613</P>
</TD><TD valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>834</P>
</TD><TD valign=bottom width=39.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-26.5%</P>
</TD></TR>
<TR><TD valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Total Property, Plant, and Equipment</B></P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>204,215</B></P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>171,067</B></P>
</TD><TD valign=bottom width=42.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>19.4%</B></P>
</TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt">Bonds payable</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>77,657</P>
</TD><TD valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>79,797</P>
</TD><TD valign=bottom width=39.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-2.7%</P>
</TD></TR>
<TR><TD valign=bottom width=156.667><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt">Other long term liabilities</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>46,113</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>43,462</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=39.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>6.1%</P>
</TD></TR>
<TR><TD valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt">Investment in related companies</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>25,554</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>22,558</P>
</TD><TD valign=bottom width=42.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>13.3%</P>
</TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Total Long Term Liabilities</B></P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>124,382</B></P>
</TD><TD valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>124,092</B></P>
</TD><TD valign=bottom width=39.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>0.2%</B></P>
</TD></TR>
<TR><TD valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt">Investment in other companies</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>127</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>63</P>
</TD><TD valign=bottom width=42.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>101.2%</P>
</TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=58.067><P>&nbsp;</P></TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt">Goodwill</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>58,309</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>65,785</P>
</TD><TD valign=bottom width=42.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-11.4%</P>
</TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Minority interest</B></P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>1,329</B></P>
</TD><TD valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>1,364</B></P>
</TD><TD valign=bottom width=39.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>-2.6%</B></P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt">Other long term assets</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>25,885</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>43,867</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=42.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-41.0%</P>
</TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=58.067><P>&nbsp;</P></TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Total Other Assets</B></P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>109,874</B></P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>132,273</B></P>
</TD><TD valign=bottom width=42.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>-16.9%</P>
</TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>Stockholders' Equity</B></P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>293,667</B></P>
</TD><TD valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>276,342</B></P>
</TD><TD valign=bottom width=39.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>6.3%</B></P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=156.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=213.533><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=58.067><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD style="border-left:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt"><B>TOTAL ASSETS</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>526,805</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>517,878</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=42.267><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>1.7%</B></P>
</TD><TD style="border-right:1px solid #000000" valign=bottom width=10.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>TOTAL LIABILITIES &amp; SHAREHOLDERS' EQUITY</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>526,805</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>517,878</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=39.733><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>1.7%</B></P>
</TD></TR>
<TR><TD valign=bottom width=156.667><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=58.067><P>&nbsp;</P></TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=156.667><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=58.067><P>&nbsp;</P></TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=655 colspan=8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>Financial Highlights</B></P>
</TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=655 colspan=8><P style="line-height:8pt; margin:0px; font-size:6pt" align=center><B>(In million of constant 09/30/08 Chilean Pesos)</B></P>
</TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=156.667><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=58.067><P>&nbsp;</P></TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=156.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=58.067><P>&nbsp;</P></TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD style="border-right:1px solid #000000" valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt"><B>ADDITIONS TO FIXED ASSETS</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>30/09/2008</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>30/09/2007</B></P>
</TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD style="border-right:1px solid #000000" valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt"><B>DEBT RATIOS</B></P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>30/09/2008</B></P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>30/09/2007</B></P>
</TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=156.667><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=58.067><P>&nbsp;</P></TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt">Chile</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>18,862</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>28,033</P>
</TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt">Financial Debt / Total Capitalization</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.24</P>
</TD><TD valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.28</P>
</TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt">Brazil</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>23,752</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>11,657</P>
</TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt">Financial Debt / EBITDA L12M</P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.55</P>
</TD><TD valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>0.75</P>
</TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt">Argentina</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>4,021</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>3,954</P>
</TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt">EBITDA L12M / Interest Expense (net) L12M </P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>23.61</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=58.067><P style="line-height:8pt; margin:0px; font-size:6pt" align=right>13.69</P>
</TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=156.667><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>46,635</B></P>
</TD><TD valign=bottom width=57.933><P style="line-height:8pt; margin:0px; font-size:6pt" align=right><B>43,644</B></P>
</TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P style="line-height:8pt; margin:0px; font-size:6pt">L12M: Last twelve months</P>
</TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=58.067><P>&nbsp;</P></TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=156.667><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=58.067><P>&nbsp;</P></TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=156.667><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=58.067><P>&nbsp;</P></TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=539 colspan=6><P style="line-height:8pt; margin:0px; font-size:6pt">* As of September 30, 2008, the Company registered a positive net cash position of US$ 29 million. Total debt amounted to US$ 169 million.</P>
</TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=58.067><P>&nbsp;</P></TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=156.667><P style="line-height:8pt; margin:0px; font-size:6pt">Total Cash amounted to US$ 198 &nbsp;million.</P>
</TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=58.067><P>&nbsp;</P></TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
<TR><TD valign=bottom width=156.667><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=42.267><P>&nbsp;</P></TD><TD valign=bottom width=10.667><P>&nbsp;</P></TD><TD valign=bottom width=213.533><P>&nbsp;</P></TD><TD valign=bottom width=57.933><P>&nbsp;</P></TD><TD valign=bottom width=58.067><P>&nbsp;</P></TD><TD valign=bottom width=39.733><P>&nbsp;</P></TD></TR>
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<P style="line-height:14pt; margin:0px; font-size:12pt" align=center>SIGNATURES</P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:14pt; margin:0px; text-indent:96px; font-size:12pt">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>
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<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:96px; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="line-height:14pt; margin:0px; padding-left:96px; text-indent:234.867px; font-size:12pt"><B>EMBOTELLADORA ANDINA S.A.</B></P>
<P style="line-height:14pt; margin:0px; padding-left:96px; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>
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<P style="line-height:14pt; margin:0px; padding-left:96px; text-indent:234.867px; font-size:12pt">By: <U>/s/ Osvaldo Garay&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:96px; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="line-height:14pt; margin:0px; padding-left:96px; text-indent:234.867px; font-size:12pt">Name: &nbsp;&nbsp;Osvaldo Garay</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:96px; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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="line-height:14pt; margin:0px; padding-left:96px; text-indent:234.867px; font-size:12pt">Title: &nbsp;&nbsp;&nbsp;Chief Financial Officer </P>
<P style="line-height:13pt; margin:0px; font-size:11pt" align=justify>Santiago, November 13, 2008</P>
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