<SEC-DOCUMENT>0001019155-12-000704.txt : 20121207
<SEC-HEADER>0001019155-12-000704.hdr.sgml : 20121207
<ACCEPTANCE-DATETIME>20121207170913
ACCESSION NUMBER:		0001019155-12-000704
CONFORMED SUBMISSION TYPE:	F-6EF
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20121207
DATE AS OF CHANGE:		20121207
EFFECTIVENESS DATE:		20121207

SUBJECT COMPANY:	

	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:		F-6EF
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-185352
		FILM NUMBER:		121250889

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANK OF NEW YORK / ADR DIVISION
		CENTRAL INDEX KEY:			0001201935
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 8880 [8880]
		IRS NUMBER:				135160382
		STATE OF INCORPORATION:			NY

	FILING VALUES:
		FORM TYPE:		F-6EF

	BUSINESS ADDRESS:	
		STREET 1:		AMERICAN DEPOSITARY RECEIPTS DIVISION
		STREET 2:		101 BARCLAY STREET - 22WEST
		CITY:			NYC
		STATE:			NY
		ZIP:			10286
		BUSINESS PHONE:		212-815-4601

	MAIL ADDRESS:	
		STREET 1:		ATTN: THERESA BOTROS - 15EAST
		STREET 2:		101 BARCLAY STREET
		CITY:			NYC
		STATE:			NY
		ZIP:			10286

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANK OF NEW YORK/ADR DIVISION
		DATE OF NAME CHANGE:	20021028
</SEC-HEADER>
<DOCUMENT>
<TYPE>F-6EF
<SEQUENCE>1
<FILENAME>embb711663af6.htm
<DESCRIPTION>FORM F-6 - SERIES A
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">As filed with the Securities and Exchange Commission
on December 7, 2012</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 4in">Registration No. 333-</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>_____________________</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>_____________________</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM F-6</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">REGISTRATION STATEMENT</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">under</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">THE SECURITIES ACT OF 1933</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">For American Depositary Shares</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">of</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>EMBOTELLADORA ANDINA S.A.</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of issuer of deposited securities
as specified in its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">N/A</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Translation of issuer's name into English)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">CHILE</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Jurisdiction of incorporation or organization
of issuer)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE BANK OF NEW YORK MELLON</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of depositary as specified in its
charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">One Wall Street, New York, New York 10286</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(212) 495-1784</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address, including zip code, and telephone number,
including area code, of depositary's principal executive offices)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>_______________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>The Bank of New York Mellon</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>ADR Division</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>One Wall Street, 11th Floor</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>New York, New York 10286</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(212) 495-1784</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address, including zip code, and telephone number,
including area code, of agent for service)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Copies to:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Brian D. Obergfell, Esq.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Emmet, Marvin &amp; Martin, LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>120 Broadway</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>New York, New York 10271</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(212) 238-3032</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">It is proposed that this filing become effective
under Rule 466</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">[X] immediately upon filing</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">[ ] on (Date) at (Time).</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">If a separate registration statement has been
filed to register the deposited shares, check the following box. [ ]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">CALCULATION OF REGISTRATION FEE</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 6pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 27%; border: windowtext 1pt solid; padding-right: 4.8pt; padding-left: 4.8pt; text-align: center; font-weight: bold">Title of each class <BR> of Securities to be registered</TD>
    <TD STYLE="width: 17%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt; padding-right: 4.8pt; padding-left: 4.8pt; text-align: center; font-weight: bold">Amount to be registered</TD>
    <TD STYLE="width: 22%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt; padding-right: 4.8pt; padding-left: 4.8pt; text-align: center; font-weight: bold"><B>Proposed <BR>
maximum aggregate price per unit <SUP>(1)</SUP></B></TD>
    <TD STYLE="width: 21%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt; padding-right: 4.8pt; padding-left: 4.8pt; text-align: center; font-weight: bold"><B>Proposed <BR>
maximum aggregate offering price <SUP>(1)</SUP></B></TD>
    <TD STYLE="width: 13%; border-top: windowtext 1pt solid; border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left-color: windowtext; border-left-width: 1pt; padding-right: 4.8pt; padding-left: 4.8pt; text-align: center; font-weight: bold">Amount of registration fee</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; border-top-color: windowtext; border-top-width: 1pt; padding-right: 4.8pt; padding-left: 4.8pt; text-align: justify; font-weight: bold"><B>American Depositary Shares, each American Depositary Share representing <FONT STYLE="font-family: Times New Roman Bold,serif">Series A Shares of Embotelladora Andina S.A.</FONT></B></TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 4.8pt; padding-left: 4.8pt; text-align: center; font-weight: bold">100,000,000 American Depositary Shares</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 4.8pt; padding-left: 4.8pt; text-align: center; font-weight: bold">$5.00</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 4.8pt; padding-left: 4.8pt; text-align: center; font-weight: bold">$5,000,000</TD>
    <TD STYLE="border-right: windowtext 1pt solid; border-bottom: windowtext 1pt solid; padding-right: 4.8pt; padding-left: 4.8pt; text-align: center; font-weight: bold">$682.00</TD></TR>
</TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 27.35pt"><SUP>1</SUP></TD><TD STYLE="text-align: justify">For the purpose of this table only the term &quot;unit&quot; is defined as 100 American Depositary
Shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.75in"><B>The registrant
hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant
shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in
accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statement shall become effective on such date
as the Commission, acting pursuant to said Section 8(a) may determine.</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.75in">The prospectus
consists of the proposed Form of American Depositary Receipt included as Exhibit A to the Form of Deposit Agreement filed as Exhibit
1 to this Registration Statement which is incorporated herein by reference.</P>

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    <DIV STYLE="margin-bottom: 6pt">&nbsp;</DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt">&nbsp;</DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">PART I</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">INFORMATION REQUIRED IN PROSPECTUS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 6pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 10%; text-align: left; font-size: 10pt">Item -1.</TD>
    <TD STYLE="width: 90%; padding-left: 5.4pt; text-align: center; font-size: 10pt; text-decoration: underline">Description of Securities to be Registered</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Cross Reference Sheet</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE ALIGN="CENTER" CELLSPACING="3" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD COLSPAN="3" STYLE="padding: 0.05in 5.75pt; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.1pt 0 0; text-align: justify"><B>Item Number and Caption</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.1pt 0 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="vertical-align: top; padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding: 0.05in 5.75pt; vertical-align: bottom">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 56.9pt 0 0; text-align: justify"><B>Location in Form of Receipt Filed
        Herewith as Prospectus</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0.05in 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.1pt 0 0.5in; text-align: justify; text-indent: -0.25in">1.&#9;Name
        and address of depositary</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.1pt 0 0.25in; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">Introductory Article</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0.05in 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.1pt 0 0.5in; text-align: justify; text-indent: -0.25in">2.&#9;Title
        of American Depositary Receipts and identity of deposited securities</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.1pt 0 0.25in; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">Face of Receipt, top center</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0.05in 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.1pt 0 0; text-align: justify; text-indent: 0.5in">Terms of Deposit:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.1pt 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P></TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 0.5in; padding-left: 0.5in; text-align: justify">(i)&nbsp;&nbsp; The amount of deposited securities represented by one unit of American Depositary Receipts</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">Face of Receipt, upper right corner</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 0.5in; padding-left: 0.5in; text-align: justify">(ii)&nbsp;&nbsp; The procedure for voting, if any, the deposited securities</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">Articles number 15, 16 and 18</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 0.5in; padding-left: 0.5in; text-align: justify">(iii)&nbsp;&nbsp; The collection and distribution of dividends</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">Articles number 4, 12, 13,14, 15 and 18</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 0.5in; padding-left: 0.5in; text-align: justify">(iv)&nbsp; The transmission of notices, reports and proxy soliciting material</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">Articles number 11, 15, 16 and 18</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 0.5in; padding-left: 0.5in; text-align: justify">(v)&nbsp;&nbsp; The sale or exercise of rights</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">Articles number 13, 14, 15 and 18</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 0.5in; padding-left: 0.5in; text-align: justify">(vi)&nbsp; The deposit or sale of securities resulting from dividends, splits or plans of reorganization</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">Articles number 12, 13, 14, 15, 17 and 18</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 0.5in; padding-left: 0.5in; text-align: justify">(vii)&nbsp; Amendment, extension or termination of the deposit agreement</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">Article number 20 and 21</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 0.5in; padding-left: 0.5in; text-align: justify">(viii)&nbsp; Rights of holders of Receipts to inspect the transfer books of the depositary and the list of holders of Receipts</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">Article number 11</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 0.5in; padding-left: 0.5in; text-align: justify">(ix)&nbsp; Restrictions upon the right to deposit or withdraw the underlying securities</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">Articles number 2, 3, 4, 5, 6, 8, 22 and 23</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 0.5in; padding-left: 0.5in; text-align: justify">(x)&nbsp;&nbsp; Limitation upon the liability of the depositary</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">Articles number 13, 18 19 and 21</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding: 0.05in 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in; text-align: justify; text-indent: -0.25in">3.&#9;Fees and
        Charges</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-top: 0.05in; padding-right: 5.75pt; padding-left: 5.75pt; text-align: justify">Articles 7 and 8</TD></TR>
<TR>
    <TD STYLE="width: 1%; text-align: justify; font-size: 12pt">&nbsp;</TD>
    <TD STYLE="width: 10%; vertical-align: bottom; text-align: left">Item - 2.</TD>
    <TD STYLE="width: 42%; vertical-align: bottom; text-align: left; text-decoration: underline">Available Information</TD>
    <TD STYLE="width: 8%; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; font-size: 12pt">&nbsp;</TD>
    <TD STYLE="width: 39%; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: justify">Public reports furnished by issuer</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 12pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Article number 11</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
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    <DIV STYLE="page-break-before: always; margin-top: 6pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">PART II</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">INFORMATION NOT REQUIRED IN PROSPECTUS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Item - 3.&#9;<U>Exhibits</U></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">a.</TD>
    <TD STYLE="width: 92%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Form of Deposit Agreement dated as of December 14, 2000, among Embotelladora Andina S.A., The Bank of New York as Depositary, and all Holders and Beneficial Owners from time to time of Series A American Depositary Shares issued thereunder. &#45; Filed herewith as Exhibit 1.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">b.</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Any other agreement to which the Depositary is a party relating to the issuance of the Depositary Shares registered hereby or the custody of the deposited securities represented. &#45; Not Applicable.&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">c.</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Every material contract relating to the deposited securities between the Depositary and the issuer of the deposited securities in effect at any time within the last three years. &#45; See (a) above.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">d.</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Opinion of Emmet, Marvin &amp; Martin, LLP, counsel for the Depositary, as to legality of the securities to be registered. &ndash; Filed herewith as Exhibit 4. </TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">e.</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Certification under Rule 466. &#45; Filed herewith as Exhibit 5.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Item - 4.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 0.5in; text-align: justify; text-indent: 0.25in"><U>Undertakings</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(a)</TD>
    <TD STYLE="width: 92%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">The Depositary hereby undertakes to make available at the principal office of the Depositary in the United States, for inspection by holders of the ADSs, any reports and communications received from the issuer of the deposited securities which are both (1) received by the Depositary as the holder of the deposited securities, and (2) made generally available to the holders of the underlying securities by the issuer.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify; text-indent: -0.25in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">(b)</TD>
    <TD STYLE="width: 92%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">If the amounts of fees charged are not disclosed in the prospectus, the Depositary undertakes to prepare a separate document stating the amount of any fee charged and describing the service for which it is charged and to deliver promptly a copy of such fee schedule without charge to anyone upon request. The Depositary undertakes to notify each registered holder of an ADS thirty days before any change in the fee schedule.</TD></TR>
</TABLE>
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    <DIV STYLE="margin-bottom: 6pt">&nbsp;</DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt">&nbsp;</DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><U>SIGNATURES</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.75in">Pursuant to the
requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that all the requirements
for filing on Form F-6 are met and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of New York, State of New York, on December 7, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 3in; text-align: justify">Legal entity created by the agreement
for the issuance of American Depositary Shares for Series A Shares of Embotelladora Andina S.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left">By:&#9;The Bank of New York Mellon,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left; text-indent: 0.5in">As Depositary</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in; text-align: justify">By: <U>/s/ Vincent J. Cahill, Jr.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in; text-align: justify">Name: Vincent J. Cahill, Jr.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in; text-align: justify">Title: Managing Director</P>

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    <DIV STYLE="margin-bottom: 6pt">&nbsp;</DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt">&nbsp;</DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.75in">Pursuant to the
requirements of the Securities Act of 1933, EMBOTELLADORA ANDINA S.A.<B> </B>has caused this Registration Statement to be signed
on its behalf by the undersigned thereunto duly authorized, in the City of Santiago, Chile on December 7, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in"><B>EMBOTELLADORA ANDINA
S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify">By: <U>/s/ Jaime Cohen A.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify">Name: Jaime Cohen A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify">Title: Chief Legal Office</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.75in">Pursuant to the
requirements of the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities
indicated on December 7, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.75in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Juan
        Claro Gonz&aacute;lez</P></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Ricardo
        Lled&oacute; Vergara</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Juan Claro Gonz&aacute;lez</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">Ricardo Lled&oacute; Vergara</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Chairman of the Board of Directors</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">Principal Accounting Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Eduardo
        Chadwick Claro</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Andr&eacute;s
        Wainer</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Eduardo Chadwick Claro</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">Andr&eacute;s Wainer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Vice Chairman of the Board of Directors</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">Principal Financial Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Arturo
        Majlis Albala</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Miguel
        Angel Peirano</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Arturo Majlis Albala</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">Miguel Angel Peirano</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Director</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">Principal Executive Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Salvador
        Said Somav&iacute;a</P></TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Salvador Said Somav&iacute;a</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Director</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom">
<!-- Field: Rule-Page --><DIV STYLE="margin: 1pt 30.6pt 1pt 0in"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Jos&eacute; Antonio Garc&eacute;s Silva</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Director</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Gonzalo
        Said Handal</P></TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Gonzalo Said Handal</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Director</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="text-align: left; padding-right: 5.4pt; padding-left: 5.4pt; vertical-align: bottom">
<!-- Field: Rule-Page --><DIV STYLE="margin: 1pt 30.6pt 1pt 0in"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page --></TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Brian J. Smith</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Director</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Gonzalo
        Parot Palma</P></TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Gonzalo Parot Palma</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Director</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Franz
        Alscher</P></TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Franz Alscher</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Director</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Juan
        Andr&eacute;s Fontaine Talavera</P></TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Juan Andr&eacute;s Fontaine Talavera</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Director</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Jos&eacute;
        de Gregorio Rebeco</P></TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Jos&eacute; de Gregorio Rebeco</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Director</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Mariano
        Rossi</P></TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Mariano Rossi</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Director</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Ricardo
        Vontobel</P></TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Ricardo Vontobel</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Director</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Enrique
        Cibi&eacute; Bluth</P></TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Enrique Cibi&eacute; Bluth</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Director</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: justify; font-size: 12pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-size: 10pt; font-weight: bold; text-decoration: underline">AUTHORIZED U.S. REPRESENTATIVE</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">PUGLISI &amp; ASSOCIATES</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-left: 9pt; text-align: justify; font-size: 10pt">as Authorized U.S. Representative</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; font-size: 10pt">By</TD>
    <TD STYLE="width: 42%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Donald
        J. Puglisi</P></TD>
    <TD STYLE="width: 51%; padding-right: 30.6pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 30.6pt; padding-left: 27pt; text-align: justify; font-size: 10pt; text-indent: -27pt">Donald J. Puglisi</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Managing Director</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; font-size: 10pt">Puglisi &amp; Associates</TD>
    <TD STYLE="padding-right: 30.6pt; text-align: justify; font-size: 10pt">&nbsp;</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">INDEX TO EXHIBITS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Exhibit</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Number</U>&#9;<U>Exhibit</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">1</TD>
    <TD STYLE="width: 85%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Form of Deposit Agreement dated as of December 14, 2000, among Embotelladora Andina S.A., The Bank of New York as Depositary, and all Holders and Beneficial Owners from time to time of Series A American Depositary Shares issued thereunder</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">4</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Opinion of Emmet, Marvin &amp; Martin, LLP, counsel for the Depositary, as to legality of the securities to be registered.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">5</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Certification under Rule 466.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>



<P STYLE="margin: 0"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>embodepnreca121400.htm
<DESCRIPTION>FORM OF DEPOSIT AGREEMENT - SERIES A
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: right; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 16pt Courier New, Courier, Monospace; margin: 0 0 12pt; text-align: right; text-indent: 0.5in">Executed Copy</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0.5in"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0.5in"><B>EMBOTELLADORA
ANDINA S.A.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0.5in"><B>AND</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>THE BANK OF NEW YORK</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0.5in"><B>As Depositary</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0.5in"><B>AND</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0.5in"><B>HOLDERS AND BENEFICIAL
OWNERS OF AMERICAN DEPOSITARY</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0.5in"><B>RECEIPTS</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0.5in"><B>Amended and Restated
Deposit Agreement</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0.5in"><B>Dated as December
14, 2000</B></P>

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<P STYLE="font: bold 12pt Times New Roman Bold; margin: 6pt 27.35pt 0 1.5in; text-align: justify; text-indent: -1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">ARTICLE
1.</FONT><FONT STYLE="font: 11pt Times New Roman Bold,serif; text-underline-style: none; color: windowtext">&#9;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">DEFINITIONS</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">SECTION 1.01</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 70%">American Depositary Shares.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.02</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Beneficial Owner.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.03</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Business Day.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.04</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Central Bank.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.05</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Commission.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.06</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Company.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.07</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Custodian.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.08</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Delivery.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.09</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Deposit Agreement.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.10</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Depositary; Corporate Trust Office.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.11</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Deposited Securities.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.12</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Dollars; Pesos.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.13</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Estatutos.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.14</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Foreign Exchange and Investment Contract.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.15</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Foreign Registrar.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.16</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Holder.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.17</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Receipts.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.18</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Registrar.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.19</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Restricted Securities.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.20</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Securities Act of 1933.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.21</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Shares.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 1.22</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>SVS.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: bold 12pt Times New Roman Bold; margin: 6pt 27.35pt 0 1.5in; text-align: justify; text-indent: -1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">ARTICLE
2.</FONT><FONT STYLE="font: 11pt Times New Roman Bold,serif; text-underline-style: none; color: windowtext">&#9;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">FORM
OF RECEIPTS, DEPOSIT OF SHARES, EXECUTION AND DELIVERY, TRANSFER AND SURRENDER OF RECEIPTS</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">SECTION 2.01</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 70%; text-align: left">Form and Transferability of Receipts.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 2.02</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Deposit of Shares.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 2.03</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Execution and Delivery of Receipts.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 2.04</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Transfer of Receipts; Combination and Split-up of Receipts.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 2.05</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Surrender of Receipts and Withdrawal of Shares.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 2.06</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Limitations on Execution and Delivery, Transfer and Surrender of Receipts.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 2.07</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Lost Receipts, etc.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 2.08</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Cancellation and Destruction of Surrendered Receipts.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 2.09</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Pre-Release of Receipts.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 2.10</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Tax Treatment of Deposited Securities Withdrawn.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 2.11</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Maintenance of Records.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: bold 12pt Times New Roman Bold; margin: 6pt 27.35pt 0 1.5in; text-align: justify; text-indent: -1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">ARTICLE
3.</FONT><FONT STYLE="font: 11pt Times New Roman Bold,serif; text-underline-style: none; color: windowtext">&#9;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">CERTAIN
OBLIGATIONS OF HOLDERS AND BENEFICIAL OWNERS OF RECEIPTS</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">SECTION 3.01</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 70%; text-align: left">Filing Proofs, Certificates and Other Information.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 3.02</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Liability of Holder or Beneficial Owner for Taxes.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 3.03</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Warranties on Deposit of Shares.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 3.04</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Compliance with Chilean Law.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 3.05</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Disclosure of Interests.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: bold 12pt Times New Roman Bold; margin: 6pt 27.35pt 0 1.5in; text-align: justify; text-indent: -1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">ARTICLE
4.</FONT><FONT STYLE="font: 11pt Times New Roman Bold,serif; text-underline-style: none; color: windowtext">&#9;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">THE
DEPOSITED SECURITIES</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">SECTION 4.01</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 70%; text-align: left">Cash Distributions.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 4.02</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Distributions Other Than Cash, Shares or Rights.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 4.03</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Distributions in Shares.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 4.04</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Rights.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 4.05</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Conversion of Foreign Currency.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 4.06</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Fixing of Record Date.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 4.07</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Voting of Deposited Securities.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 4.08</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Changes Affecting Deposited Securities.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 4.09</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Reports.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 4.10</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Lists of Holders.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 4.11</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Withholding.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: bold 12pt Times New Roman Bold; margin: 6pt 27.35pt 0 1.5in; text-align: justify; text-indent: -1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">ARTICLE
5.</FONT><FONT STYLE="font: 11pt Times New Roman Bold,serif; text-underline-style: none; color: windowtext">&#9;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">THE
DEPOSITARY, THE CUSTODIANS AND THE COMPANY</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">SECTION 5.01</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 70%; text-align: left">Maintenance of Office and Transfer Books by the Depositary.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 5.02</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Prevention or Delay in Performance by the Depositary or the Company.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 5.03</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Obligations of the Depositary, the Custodian and the Company.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 5.04</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">SECTION&nbsp;5.4. Resignation and Removal of the Depositary.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 5.05</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">The Custodian.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 5.06</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Notices and Reports.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 5.07</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Distribution of Additional Shares, Rights, etc.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 5.08</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Indemnification.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 5.09</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Charges of Depositary.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 5.10</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Retention of Depositary Documents.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 5.11</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Exclusivity.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: bold 12pt Times New Roman Bold; margin: 6pt 27.35pt 0 1.5in; text-align: justify; text-indent: -1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">ARTICLE
6.</FONT><FONT STYLE="font: 11pt Times New Roman Bold,serif; text-underline-style: none; color: windowtext">&#9;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">AMENDMENT
AND TERMINATION</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.5in 0 2in; text-align: justify; text-indent: -1.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="text-align: right; width: 18%">SECTION 6.01</TD><TD STYLE="text-align: left; width: 1%">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 70%">Amendment.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 6.02</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Termination.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0.5in 0 2in; text-align: justify; text-indent: -1.5in"></P>

<P STYLE="font: bold 12pt Times New Roman Bold; margin: 6pt 27.35pt 0 1.5in; text-align: justify; text-indent: -1.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">ARTICLE
7.</FONT><FONT STYLE="font: 11pt Times New Roman Bold,serif; text-underline-style: none; color: windowtext">&#9;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">MISCELLANEOUS</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 12pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 18%; text-align: right">SECTION 7.01</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 70%">Counterparts.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 7.02</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">No Third Party Beneficiaries.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 7.03</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Severability.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 7.04</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Holders and Beneficial Owners as Parties; Binding Effect.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 7.05</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Notices.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 7.06</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Submission to Jurisdiction; Appointment of Agent for Service of Process.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 7.07</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Waiver of Immunities.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 7.08</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">Governing Law.</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">SECTION 7.09</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD>Headings.</TD></TR>
</TABLE>


<P STYLE="font: bold 12pt Times New Roman Bold; margin: 6pt 27.35pt 0 1.5in; text-align: justify; text-indent: -1.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0.5in">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0.5in"><B>AMENDED AND RESTATED
DEPOSIT AGREEMENT</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">AMENDED AND RESTATED
DEPOSIT AGREEMENT, dated as of December 14, 2000, among EMBOTELLADORA ANDINA S.A., incorporated under the laws of Chile (herein
called the Company), THE BANK OF NEW YORK, a New York banking corporation (herein called the Depositary), and all Holders and Beneficial
Owners from time to time of American Depositary Receipts issued hereunder.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>W I T N E S S E T H :</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">WHEREAS, the Company
has selected the Depositary to serve as successor depositary pursuant to Section 5.04 of the Amended and Restated Deposit Agreement,
dated as of March 27, 1997, (the &ldquo;Original Deposit Agreement&ldquo;), among Embotelladora Andina S.A., Citibank, N.A. and
all Holders and Beneficial Owners from time to time of American Depositary Receipts issued thereunder;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">WHEREAS, pursuant
to Section 6.01 of the Original Deposit Agreement, the Company and the Depositary deem it advisable to amend and restate the Original
Deposit Agreement and the form of American Depositary Receipt annexed thereto as Exhibit A;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">WHEREAS, the Company
desires to amend and restate the Original Deposit Agreement pursuant to said Section 6.01 and to provide, as hereinafter set forth
in this Amended and Restated Deposit Agreement, for the deposit of Shares (as hereinafter defined) of the Company from time to
time with the Depositary or with the Custodian (as hereinafter defined) as agent of the Depositary for the purposes set forth in
this Amended and Restated Deposit Agreement, for the creation of American Depositary Shares representing the Shares so deposited
and for the execution and delivery of American Depositary Receipts evidencing the American Depositary Shares; and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">WHEREAS, the American
Depositary Receipts are to be substantially in the form of Exhibit A annexed hereto, with appropriate insertions, modifications
and omissions, as hereinafter provided in this Amended and Restated Deposit Agreement;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">NOW, THEREFORE, in
consideration of the premises, it is agreed by and between the parties hereto as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman Bold,serif"><B>ARTICLE</B></FONT> <B>1.</B></TD><TD STYLE="text-align: justify; width: 85%">DEFINITIONS</TD></TR>                                                                                                                                                                                  <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The following definitions
shall for all purposes, unless otherwise clearly indicated, apply to the respective terms used in this Amended and Restated Deposit
Agreement:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.01<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>American Depositary Shares.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;American
Depositary Shares&quot; shall mean the securities representing the interests in the Deposited Securities and evidenced by the Receipts
issued hereunder. Each American Depositary Share shall represent six (6) Shares, until there shall occur a distribution upon Deposited
Securities covered by Section 4.03 or a change in Deposited Securities covered by Section 4.08 with respect to which additional
Receipts are not executed and delivered, and thereafter American Depositary Shares shall evidence the amount of Shares or Deposited
Securities specified in such Sections.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.02<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Beneficial Owner.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Beneficial
Owner&quot; shall mean each person owning from time to time any beneficial interest in the American Depositary Shares evidenced
by any Receipt.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.03<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Business Day.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Business
Day&quot; shall mean any day which is a <I>&quot;d&iacute;a habil&quot;</I> in Chile (as defined pursuant to Chilean law) and on
which banks in New York, New York or Santiago Chile are not required or authorized by law or executive order to close.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.04<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Central Bank.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Central
Bank&quot; means Banco Central de Chile and its successors.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.05<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Commission.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Commission&quot;
shall mean the Securities and Exchange Commission of the United States or any successor governmental agency in the United States.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.06<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Company&quot;
shall mean Embotelladora Andina S.A., incorporated under the laws of Chile, and its successors.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.07<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Custodian.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Custodian&quot;
shall mean the [Santiago] office of Banco de Chile, as agent of the Depositary for the purposes of this Deposit Agreement, and
any other firm or corporation which may hereafter be appointed by the Depositary pursuant to the terms of Section 5.05, as substitute
or additional custodian or custodians hereunder, as the context shall require and shall also mean all of them collectively.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.08<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Delivery.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The terms &quot;deliver&quot;,
&quot;deposit&quot;, &quot;surrender&quot;, &quot;transfer&quot; or &quot;withdraw&quot;, when used with respect to Shares or American
Depositary Shares shall refer, where the context so requires, to an entry or entries or an electronic transfer or transfers in
accounts maintained with an institution authorized under applicable laws to effect book-entry transfers of such securities (including
in the case of Shares, the <I>Bolsa de Comercio de Santiago, Bolsa de Valores</I> (the &quot;Santiago Stock Exchange&quot;), the
<I>Bolsa Electr&oacute;nica de Chile, Bolsa de Valores</I> (the &quot;Electronic Stock Exchange&quot;) and the <I>Bolsa de Corredores/Bolsa
de Valores de Valparaiso</I> (the &quot;Valparaiso Stock Exchange&quot;) (collectively, the &quot;Chilean Exchanges&quot;)) and
not necessarily to the physical transfer of certificates representing the Shares or American Depositary Receipts.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.09<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Deposit Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Deposit
Agreement&quot; shall mean this Amended and Restated Deposit Agreement, including the exhibit hereto, as the same may be amended
from time to time in accordance with the provisions hereof.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.10<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Depositary; Corporate Trust Office.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Depositary&quot;
shall mean The Bank of New York, a New York banking corporation, and any successor as depositary hereunder. The term &quot;Corporate
Trust Office&quot;, when used with respect to the Depositary, shall mean the office of the Depositary which at the date of this
Agreement is 101 Barclay Street, New York, New York 10286.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.11<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Deposited Securities.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Deposited
Securities&quot; as of any time shall mean Shares at such time deposited or deemed to be deposited (including as contemplated under
Section 2.09) under this Deposit Agreement and any and all other securities, property and cash received or deemed to be received
by the Depositary or the Custodian in respect or in lieu thereof and at such time held hereunder, subject as to cash to the provisions
of Section 4.05.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.12<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Dollars; Pesos.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Dollars&quot;
shall mean United States dollars. The term &quot;Pesos&quot; shall mean the lawful currency of Chile.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.13<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Estatutos.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Estatutos&quot;
shall mean <I>estatutos sociales </I>of the Company, as the same may be amended from time to time.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.14<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Foreign Exchange and Investment Contract.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Foreign
Exchange and Investment Contract&quot; shall mean the &quot;Chapter XXVI Agreement&quot; to be entered into by the Central Bank,
The Bank of New York and the Company pursuant to Article&nbsp;47 of the constitutional Organic Law and the provisions of Chapter
XXVI of the Compendium of Foreign Exchange Regulations of Chile.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.15<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Foreign Registrar.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Foreign
Registrar&quot; shall mean the entity that presently carries out the duties of registrar for the Shares or any successor as registrar
for the Shares and any other appointed agent of the Company for the transfer and registration of Shares.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.16<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Holder.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &ldquo;Holder&rdquo;
shall mean the person in whose name a Receipt is registered on the books of the Depositary maintained for such purpose.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.17<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Receipts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Receipts&quot;
shall mean the American Depositary Receipts issued hereunder evidencing American Depositary Shares, as the same may be amended
from time to time in accordance with the provisions hereof.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.18<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Registrar.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Registrar&quot;
shall mean any bank or trust company having an office in the Borough of Manhattan, The City of New York, which shall be appointed
to register Receipts and transfers of Receipts as herein provided.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.19<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Restricted Securities.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Restricted
Securities&quot; shall mean Shares, or Receipts representing such Shares, which are acquired directly or indirectly from the Company
or its affiliates (as defined in Rule 144 to the Securities Act of 1933), or which are held by an officer, director (or persons
performing similar functions) or other affiliate of the Company, or which would require registration under the Securities Act in
connection with the offer and sale thereof in the United States, or which are subject to other restrictions on sale or deposit
under the laws of the United States or Chile, or under a shareholder agreement or the Estatutos.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.20<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Securities Act of 1933.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Securities
Act of 1933&quot; shall mean the United States Securities Act of 1933, as from time to time amended.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.21<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Shares.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;Shares&quot;
shall mean the Series A shares of stock of the Company, without par value, heretofore validly issued and outstanding and fully
paid, nonassessable and free of any pre-emptive rights of the holders of outstanding Shares or hereafter validly issued and outstanding
and fully paid, nonassessable and free of any pre-emptive rights of the holders of outstanding Shares or interim certificates representing
such Shares.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 1.22<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>SVS.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The term &quot;SVS&quot;
shall mean the <U>Superintendencia de Valores y Seguros</U> of Chile.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman Bold,serif"><B>ARTICLE</B> </FONT> <B>2.</B></TD><TD STYLE="text-align: justify; width: 85%"><FONT STYLE="font-family: Times New Roman Bold,serif">FORM
OF RECEIPTS, DEPOSIT OF SHARES, EXECUTION AND DELIVERY, TRANSFER AND SURRENDER OF RECEIPTS</FONT></TD></TR>                                                                                                           <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 2.01<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Form and Transferability of Receipts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Definitive Receipts
shall be substantially in the form set forth in Exhibit A annexed to this Deposit Agreement, with appropriate insertions, modifications
and omissions, as hereinafter provided. No Receipt shall be entitled to any benefits under this Deposit Agreement or be valid or
obligatory for any purpose, unless such Receipt shall have been executed by the Depositary by the manual signature of a duly authorized
signatory of the Depositary; <U>provided</U>, <U>however</U>, that such signature may be a facsimile if a Registrar for the Receipts
shall have been appointed and such Receipts are countersigned by the manual signature of a duly authorized officer of the Registrar.
The Depositary shall maintain books on which each Receipt so executed and delivered as hereinafter provided and the transfer of
each such Receipt shall be registered. Receipts may be issued in denominations of any whole number of American Depositary Shares.
Receipts bearing the manual or facsimile signature of a duly authorized signatory of the Depositary who was at any time a proper
signatory of the Depositary shall bind the Depositary, notwithstanding that such signatory has ceased to hold such office prior
to the execution and delivery of such Receipts by the Registrar or did not hold such office on the date of issuance of such Receipts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Receipts may
be endorsed with or have incorporated in the text thereof such legends or recitals or modifications not inconsistent with the provisions
of this Deposit Agreement or the Estatutos as may be reasonably required by the Depositary to comply with any applicable law or
regulations thereunder or with the rules and regulations of any securities exchange upon which American Depositary Shares may be
listed or to conform with any usage with respect thereto, or to indicate any special limitations or restrictions to which any particular
Receipts are subject by reason of the date of issuance of the underlying Deposited Securities or otherwise.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Title to a Receipt
(and to the American Depositary Shares evidenced thereby), when properly endorsed or accompanied by proper instruments of transfer,
shall be transferable by delivery with the same effect as in the case of a negotiable instrument under the laws of New York; <U>provided</U>,
<U>however</U>, that the Depositary and the Company, notwithstanding any notice to the contrary, may treat the Holder thereof as
the absolute owner thereof for the purpose of determining the person entitled to distribution of dividends or other distributions
or to any notice provided for in this Deposit Agreement and for all other purposes.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 2.02<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Deposit of Shares.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Subject to the terms
and conditions of this Deposit Agreement, Shares or evidence of rights to receive Shares to the extent permitted by Section 2.09
may be deposited by delivery thereof (including by book-entry credit) to any Custodian hereunder, accompanied by any appropriate
instrument or instruments of transfer, or endorsement, in form satisfactory to the Custodian, together with all such certifications
as may be required by the Depositary, the Custodian or the Company in accordance with the provisions of this Deposit Agreement,
and, if the Depositary requires, together with a written order directing the Depositary to execute and deliver to, or upon the
written order of, the person or persons stated in such order, a Receipt or Receipts for the number of American Depositary Shares
representing such deposit. If required by the Depositary, Shares presented for deposit at any time, whether or not the transfer
books of the Company or the Foreign Registrar, if applicable, are closed, shall also be accompanied (i) by an agreement or assignment,
or other instrument satisfactory to the Depositary, which will provide for the prompt transfer to the Custodian of any dividend,
or right to subscribe for additional Shares or to receive other property which any person in whose name the Shares are or have
been recorded may thereafter receive upon or in respect of such deposited Shares, or in lieu thereof, such agreement of indemnity
or other agreement as shall be satisfactory to the Depositary and (ii) if the Shares are registered in the name of the person on
whose behalf they are presented for deposit, a proxy or proxies entitling the Custodian to vote such deposited Shares, insofar
as permitted under Chilean law and the Estatutos, for any and all purposes until the Shares are registered in the name of Custodian
or its nominees.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">At the request and risk and expense
of any person proposing to deposit Shares, and for the account of such person, the Depositary may receive certificates for Shares
to be deposited, together with the other instruments herein specified, for the purpose of forwarding such Share certificates to
the Custodian for deposit hereunder.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">No Shares shall be accepted for deposit
unless accompanied by evidence satisfactory to the Depositary that the deposit has been authorized by the Central Bank (unless
and until the Company provides the Depositary with evidence satisfactory to it that such authorization is not longer necessary)
and that the conditions for such authorization, as set forth in the Foreign Exchange and Investment Contract, have been satisfied.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">If required by applicable Chilean law,
no Shares shall be accepted for deposit unless the Custodian has received from or on behalf of the depositor a certificate satisfactory
to the Custodian to the effect that either:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a) each of the following
conditions has been met:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(i) the Shares were
purchased with pesos received upon conversion by the investor of dollars in the formal exchange market;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(ii) at the time
of such currency conversion, the depositor indicated his intention to purchase Shares entitled to the benefits of the Foreign Exchange
and Investment Contract;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(iii) the depositor
acquired such Shares on an authorized stock exchange in Chile;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(iv) the Shares
being deposited have been registered in the name of the Depositary;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">(v) the investor
has waived the right of access to the formal exchange market relating to the Shares being deposited; or</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b) such Shares are
being redeposited by a former Holder who received them upon surrendering Receipts (in which case the certificate of the Custodian
referred to in Section&nbsp;2.05 of this Agreement shall serve as satisfactory evidence) and that the Holder waives the right to
access to the formal exchange market relating to the Shares being redeposited.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Upon each delivery
to a Custodian of a certificate or certificates for Shares to be deposited hereunder, together with the other documents above specified,
such Custodian shall, as soon as transfer and recordation can be accomplished, present such certificate or certificates to the
Company or the Foreign Registrar, if applicable, for transfer and recordation of the Shares being deposited in the name of the
Depositary or its nominee or such Custodian or its nominee at the cost and expense of the person making such deposit (or for whose
benefit such deposit is made) and shall obtain evidence satisfactory to it of such registration.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Deposited Securities
shall be held by the Depositary or by a Custodian for the account and to the order of the Depositary or at such other place or
places as the Depositary shall determine.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 2.03<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Execution and Delivery of Receipts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Upon receipt by
any Custodian of any deposit pursuant to Section 2.02 hereunder (and in addition, if the transfer books of the Company or the Foreign
Registrar, if applicable, are open, the Depositary may in its sole discretion require a proper acknowledgment or other evidence
from the Company or the Foreign Registrar, as the case may be, that any Deposited Securities have been recorded upon the books
of the Company or the Foreign Registrar, if applicable, in the name of the Depositary or its nominee or such Custodian or its nominee),
together with the other documents required as above specified, such Custodian shall notify the Depositary of such deposit and the
person or persons to whom or upon whose written order a Receipt or Receipts are deliverable in respect thereof and the number of
American Depositary Shares to be evidenced thereby. Such notification shall be made by letter or, at the request, risk and expense
of the person making the deposit, by cable, telex or facsimile transmission. Upon receiving such notice from such Custodian, or
upon the receipt of Shares by the Depositary, the Depositary, subject to the terms and conditions of this Deposit Agreement, shall
execute and deliver at its Corporate Trust Office, to or upon the order of the person or persons entitled thereto, a Receipt or
Receipts, registered in the name or names and evidencing any authorized number of American Depositary Shares requested by such
person or persons, but only upon payment to the Depositary of the fees and expenses of the Depositary for the execution and delivery
of such Receipt or Receipts as provided in Section 5.09, and of all taxes and governmental charges and fees, if any, payable in
connection with such deposit and the transfer of the Deposited Securities. The Depositary shall not execute and deliver Receipts
except in accordance with this Section 2.03 or Sections 2.04, 2.07, 2.09, 4.03, 4.04 and 4.08.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 2.04<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Transfer of Receipts; Combination and Split-up of Receipts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary,
subject to the terms and conditions of this Deposit Agreement, shall register transfers of Receipts on its transfer books from
time to time, upon any surrender of a Receipt, by the Holder in person or by a duly authorized attorney, properly endorsed or accompanied
by proper instruments of transfer, and duly stamped as may be required by the laws of the State of New York and of the United States
of America. Thereupon the Depositary shall execute a new Receipt or Receipts and deliver the same to or upon the order of the person
entitled thereto.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary,
subject to the terms and conditions of this Deposit Agreement, shall upon surrender of a Receipt or Receipts for the purpose of
effecting a split-up or combination of such Receipt or Receipts, execute and deliver a new Receipt or Receipts for any authorized
number of American Depositary Shares requested, evidencing the same aggregate number of American Depositary Shares as the Receipt
or Receipts surrendered.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">The Depositary may appoint, upon at
least 20 days&rsquo; written notice to the Company, one or more co-transfer agents, reasonably acceptable to the Company, for the
purpose of effecting transfers, combinations and split-ups of Receipts at designated transfer offices on behalf of the Depositary.
In carrying out its functions, a co-transfer agent may, to the same extent as the Depositary, require evidence of authority and
compliance with applicable laws and other requirements by Holders or persons entitled to Receipts and will be entitled to protection
and indemnity to the same extent as the Depositary.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 2.05<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Surrender of Receipts and Withdrawal of Shares.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Upon surrender at
the Corporate Trust Office of the Depositary of a Receipt for the purpose of withdrawal of the Deposited Securities represented
by the American Depositary Shares evidenced by such Receipt, and upon payment of the fee of the Depositary for the surrender of
Receipts as provided in Section 5.09 and payment of all taxes and governmental charges, if any, payable in connection with such
surrender and withdrawal of the Deposited Securities and upon delivery of any certifications required by the laws of Chile, and
subject to the terms and conditions of this Deposit Agreement, the Estatutos, the provisions of or governing the Deposited Securities
and applicable law, the Holder of such Receipt shall be entitled to delivery, to him or upon his order, of the amount of Deposited
Securities at the time represented by the American Depositary Shares evidenced by such Receipt. Delivery of such Deposited Securities
may be made by (a) (i) book-entry transfer of the Shares represented by such Receipt to an account in the name of such Holder or
as ordered by him, or (ii) to the extent the Shares are evidenced in the future by certificates in accord with the Estatutos and
Chilean law, the delivery of&nbsp;certificates in the name of such Holder or as ordered by him or certificates properly endorsed
or accompanied by proper instruments of transfer to such Holder or as ordered by him and (b)&nbsp;delivery of any other securities,
property and cash to which such Holder is then entitled in respect of such Receipts to such Holder or as ordered by him. Such delivery
shall be made, as hereinafter provided, without unreasonable delay.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">A Receipt surrendered
for such purposes may be required by the Depositary to be properly endorsed in blank or accompanied by proper instruments of transfer
in blank, and if the Depositary so requires, the Holder thereof shall execute and deliver to the Depositary a written order directing
the Depositary to cause the Deposited Securities being withdrawn to be delivered to or upon the written order of a person or persons
designated in such order. Thereupon the Depositary shall direct the Custodian to deliver at the Santiago office of such Custodian,
subject to Sections 2.06, 3.01 and 3.02 and to the other terms and conditions of this Deposit Agreement and the Estatutos, to or
upon the written order of the person or persons designated in the order delivered to the Depositary as above provided, the amount
of Deposited Securities represented by the American Depositary Shares evidenced by such Receipt, except that the Depositary may
make delivery to such person or persons at the Corporate Trust Office of the Depositary of any dividends or distributions with
respect to the Deposited Securities represented by the American Depositary Shares evidenced by such Receipt, or of any proceeds
of sale of any dividends, distributions or rights, which may at the time be held by the Depositary. Simultaneously with the delivery
of Deposited Securities to the Holder or its designee, the Custodian, pursuant to the Foreign Exchange and Investment Contract,
will issue or cause to be issued to the Holder or such designee a certificate which states that the Deposited Securities have been
transferred to the Holder or its designee by the Depositary and that the Depositary waives in favor of the Holder or its designee
the right of access to the formal foreign exchange market relating to such withdrawn Deposited Securities.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">At the request,
risk and expense of any Holder so surrendering a Receipt, and for the account of such Holder, the Depositary shall direct the Custodian
to forward any cash or other property (other than rights) comprising, and forward a certificate or certificates and other proper
documents of title for, the Deposited Securities represented by the American Depositary Shares evidenced by such Receipt to the
Depositary for delivery at the Corporate Trust Office of the Depositary. Such direction shall be given by letter or, at the request,
risk and expense of such Holder, by cable, telex or facsimile transmission.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Neither the Depositary
nor the Custodian shall deliver Shares, by physical delivery, book-entry or otherwise (other than to the Company or its agent as
contemplated by Section 4.08), or otherwise permit Shares to be withdrawn from the facility created hereby, except upon the receipt
and cancellation of Receipts.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 2.06<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Limitations on Execution and Delivery, Transfer and Surrender of Receipts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">As a condition precedent
to the execution and delivery, registration of transfer, split-up, combination or surrender of any Receipt, the delivery of any
distribution thereon, or withdrawal of any Deposited Securities, the Company, the Depositary, Custodian or Registrar may require
payment from the depositor of Shares or the presenter of the Receipt of a sum sufficient to reimburse it for any tax,or other governmental
charge and any stock transfer or registration fee with respect thereto (including any such tax, charge or fee with respect to Shares
being deposited or withdrawn) and payment of any applicable fees of the Depositary as provided in Section 5.09, may require the
production of proof satisfactory to it as to the identity and genuineness of any signature and may also require compliance with
any reasonable regulations the Depositary and the Company may establish consistent with the provisions of this Deposit Agreement,
including, without limitation, this Section 2.06.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The delivery of
Receipts against deposits of Shares generally or against deposits of particular Shares may be suspended, or the transfer of Receipts
in particular instances may be refused, or the registration of transfer of outstanding Receipts or the combination or split-up
of Receipts generally may be suspended, during any period when the transfer books of the Depositary are closed, or if any such
action is reasonably deemed necessary or advisable by the Depositary or the Company at any time or from time to time because of
any requirement of law or of any government or governmental body or commission, or under any provision of this Deposit Agreement,
or for any other reason, subject to the provisions of the following sentence. Notwithstanding anything to the contrary in this
Deposit Agreement or the Receipts, the surrender of outstanding Receipts and withdrawal of Deposited Securities may be suspended
only for (i) temporary delays caused by closing the transfer books of the Depositary or the Company or the deposit of Shares in
connection with voting at a shareholders&rsquo; meeting, or the payment of dividends, (ii) the payment of fees, taxes and similar
charges, (iii) compliance with any U.S. or foreign laws or governmental regulations relating to the Receipts or to the withdrawal
of the Deposited Securities, or (iv)&nbsp;any other reason that may at any time be specified in paragraph I(A)(1) of the General
Instructions to Form F-6, as from time to time in effect, or any successor provision thereto. Without limitation of the foregoing,
the Depositary shall not knowingly accept for deposit under this Deposit Agreement any Shares which would be required to be registered
under the provisions of the Securities Act of 1933 for the public offer and sale thereof in the United States unless a registration
statement is in effect as to such Shares for such offer and sale. The Depositary will comply with written instructions of the Company
that the Depositary shall not accept for deposit hereunder any Shares identified in such instructions at such times and under such
circumstances as may reasonably be specified in such instructions in order to facilitate the Company&rsquo;s compliance with the
securities laws in the United States.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 2.07<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Lost Receipts, etc.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">In case any Receipt
shall be mutilated, destroyed, lost or stolen, the Depositary shall execute and deliver a new Receipt of like tenor in exchange
and substitution for such mutilated Receipt upon cancellation thereof, or in lieu of and in substitution for such destroyed, lost
or stolen Receipt. Before the Depositary shall execute and deliver a new Receipt in substitution for a destroyed, lost or stolen
Receipt, the Holder thereof shall have (a) filed with the Depositary (i) a request for such execution and delivery before the Depositary
has notice that the Receipt has been acquired by a bona fide purchaser and (ii) a sufficient indemnity bond and (b) satisfied any
other reasonable requirements imposed by the Depositary.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 2.08<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Cancellation and Destruction of Surrendered Receipts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">All Receipts surrendered
to the Depositary shall be cancelled by the Depositary. The Depositary is authorized to destroy Receipts so cancelled, subject
to Section&nbsp;2.11.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 2.09<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Pre-Release of Receipts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary may
execute and deliver Receipts against delivery by the Company (or by any agent of the Company recording ownership of the Shares)
of rights to receive Shares from the Company (or from any such agent). No such issue of Receipts will be deemed a &quot;Pre-Release&quot;
subject to the restrictions of the following paragraph.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Unless requested
in writing by the Company to cease doing so, which request may be made by the Company at any time and with or without cause, notwithstanding
Section 2.03 hereof, the Depositary may execute and deliver Receipts prior to the receipt of Shares pursuant to Section 2.02 (a
&quot;Pre-Release&quot;). The Depositary may, pursuant to Section 2.05, deliver Shares upon the receipt and cancellation of Receipts
which have been Pre-Released, whether or not such cancellation is prior to the termination of such Pre-Release or the Depositary
knows that such Receipt has been Pre-Released. The Depositary may receive Receipts in lieu of Shares in satisfaction of a Pre-Release.
Each Pre-Release will be (a) preceded or accompanied by a written representation and agreement from the person to whom Receipts
are to be delivered (the &quot;Pre-Releasee&quot;), that the Pre-Releasee, or its customer, (i)&nbsp;owns the Shares or Receipts
to be remitted, as the case may be, (ii)&nbsp;assigns all beneficial right, title and interest in such Shares or Receipts, as the
case may be, to the Depositary in its capacity as such and for the benefit of the Holders, and (iii)&nbsp;will not take any action
with respect to such Shares or Receipts, as the case may be, that is inconsistent with the transfer of beneficial ownership (including,
without the consent of the Depositary, disposing of such Shares or Receipts, as the case may be), other than in satisfaction of
such Pre-Release, (b) at all times fully collateralized with cash, U.S. government securities, or such other collateral as the
Depositary determines, in good faith, will provide substantially similar liquidity and security, (c)&nbsp;terminable by the Depositary
on not more than five (5) business days notice, and (d) subject to such further indemnities and credit regulations as the Depositary
deems appropriate. The number of Shares not deposited but represented by American Depositary Shares outstanding at any time as
a result of Pre-Releases will not normally exceed thirty percent (30%) of the Shares deposited hereunder; <U>provided</U>, <U>however</U>,
that the Depositary reserves the right to disregard such limit from time to time as it deems reasonably appropriate, and may, with
the prior written consent of the Company, change such limit for purposes of general application. The Depositary will also set Dollar
limits with respect to Pre-Release transactions to be entered into hereunder with any particular Pre-Releasee on a case-by-case
basis as the Depositary deems appropriate. For purposes of enabling the Depositary to fulfill its obligations to the Holders under
this Agreement, the collateral referred to in clause (b) above shall be held by the Depositary as security for the performance
of such Pre-Releasee&rsquo;s obligations to the Depositary in connection with a Pre-Release transaction, including such Pre-Releasee&rsquo;s
obligation to deliver Shares or Receipts upon termination of a Pre-Release transaction (and shall not, for the avoidance of doubt,
constitute Deposited Securities hereunder).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary may
retain for its own account any compensation received by it in connection with the foregoing.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 2.10<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Tax Treatment of Deposited Securities Withdrawn.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">For purposes of
a tax ruling dated January&nbsp;29, 1990 issued by the Chilean Internal Revenue Service regarding certain tax matters relating
to American Depositary Shares and American Depositary Receipts, the acquisition value of any Share or other Deposited Security
upon its withdrawal by a Holder upon surrender of the corresponding Receipt shall be the highest reported sales price of such Share
or other Deposited Security on the Santiago Stock Exchange on the day on which the transfer of such Share or other Deposited Security
from the Depositary to such Holder is recorded on the books of the Company or its agent. In the event that the Shares or other
Deposited Securities are not then traded on the Santiago Stock Exchange, such value shall be the highest reported sales price on
the principal stock exchange or other organized securities market in Chile on which such Shares or other Deposited Securities are
then traded. In the event that no such sales price is reported on the day on which such transfer is recorded on the books of the
Company or its agent, such value shall be deemed to be the highest sale price reported on the last day on which such sales price
was reported, provided that if such day is more than 30 days prior to the date of such transfer, such price shall be increased
by the percentage increase over the corresponding period in the Chilean consumer price index as reported by the pertinent governmental
authority of Chile.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Notwithstanding
the foregoing, in the event such Shares or other Deposited Securities are transferred by a Holder on a Chilean Exchange, either
on the same date on which the share transfer is registered in the Shareholders Register of the Company or within two Business Days
prior to said date, the acquisition value of such shares shall be the price indicated in the invoice issued by the stockbroker
who participated in the pertinent sales transaction.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 2.11<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Maintenance of Records.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary agrees
to maintain or cause its agents to maintain records of all Receipts surrendered and Deposited Securities withdrawn under Section
2.05, substitute Receipts delivered under Section 2.07, and of canceled or destroyed Receipts under Section 2.08, in keeping with
procedures customarily followed by stock transfer agents located in The City of New York or as required by the laws or regulations
governing the Depositary. Prior to destroying any such records, the Depositary will notify the Company and will turn such records
over to the Company upon its request.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman Bold,serif"><B>ARTICLE</B></FONT> <B>3.</B></TD><TD STYLE="text-align: justify; width: 85%"><FONT STYLE="font-family: Times New Roman Bold,serif">CERTAIN
OBLIGATIONS OF HOLDERS AND BENEFICIAL OWNERS OF RECEIPTS</FONT></TD></TR>                                                                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 3.01<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Filing Proofs, Certificates and Other Information.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Any person presenting
Shares for deposit or any Holder or Beneficial Owner of a Receipt may be required from time to time to file with the Depositary
or the Custodian such proof of citizenship or residence, exchange control approval, legal or beneficial ownership of Receipts,
Deposited Securities or other securities, compliance with all applicable laws or regulations or terms of this Agreement or the
Receipts, payment of all Chilean taxes or other governmental charges, or such information relating to the registration on the books
of the Company or the Foreign Registrar, if applicable, to execute such certificates and to make such representations and warranties,
as the Depositary may reasonably deem necessary or proper or as the Company reasonably may require. The Depositary may withhold
the delivery or registration of transfer of any Receipt or the distribution of any dividend or sale or distribution of rights or
of the proceeds thereof or the delivery of any Deposited Securities underlying such Receipt until such proof or other information
is filed or such certificates are executed or such representations and warranties made. The Depositary shall from time to time
advise the Company of the availability of any such proofs, certificates or other information and shall provide copies thereof to
the Company as promptly as practicable upon request by the Company, unless such disclosure is prohibited by law.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 3.02<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Liability of Holder or Beneficial Owner for Taxes.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">If any tax or other
governmental charge shall become payable by the Custodian or the Depositary with respect to any Receipt or any Deposited Securities
represented by any Receipt, such tax or other governmental charge shall be payable by the Holder or Beneficial Owner of such Receipt
to the Depositary. The Depositary may refuse to effect any transfer of such Receipt or any combination or split-up thereof or any
withdrawal of Deposited Securities represented by American Depositary Shares evidenced by such Receipt until such payment is made,
and may withhold any dividends or other distributions, or may sell for the account of the Holder or Beneficial Owner thereof any
part or all of the Deposited Securities represented by the American Depositary Shares evidenced by such Receipt, and may apply
such dividends or other distributions or the proceeds of any such sale in payment of such tax or other governmental charge (and
any taxes or expenses arising out of such sale), and the Holder or Beneficial Owner of such Receipt shall remain liable for any
deficiency.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 3.03<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Warranties on Deposit of Shares.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Every person depositing
Shares under this Deposit Agreement shall be deemed thereby to represent and warrant that such Shares and each certificate therefor,
if any, are validly issued, fully paid, nonassessable and free of any preemptive rights of the holders of outstanding Shares and
that the person making such deposit is duly authorized so to do. Every such person shall also be deemed to represent that such
Shares are not, and the Receipts evidencing American Depositary Shares representing such Shares would not be, Restricted Securities.
Such representations and warranties shall survive the deposit of Shares and issuance of Receipts.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 3.04<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Compliance with Chilean Law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">It is hereby acknowledged
that pursuant to a Circular Letter of the SVS dated June&nbsp;28, 1990, as amended and restated on February 12, 1998 pursuant to
Circular Letter of SVS 1,375, Holders are, as of the date hereof, deemed, for certain purposes of Chilean law, to be holders of
Deposited Securities. Accordingly, it is hereby acknowledged that Holders are, as a matter of Chilean law as in effect on the date
hereof, obligated to comply with the requirements of Articles&nbsp;12 and 54 and Title&nbsp;XV of Law&nbsp;18,045 of Chile. Article
12, as in effect at the date hereof, requires that, among other things, Holders report within five days after the consummation
of a transaction resulting in (a) or (b) below to the SVS and the stock exchanges in Chile on which the Shares are listed:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)&#9;any direct
or indirect acquisition or sale of Receipts that results in the Holder acquiring or disposing of, directly or indirectly, the right
to own 10% or more of the total share capital of the Company; and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)&#9;any direct
or indirect acquisition or sale of Receipts or Shares or options to buy or sell Receipts, in any amount, made by (i)&nbsp;a Holder
that owns Receipts representing 10% or more of the Shares or (ii)&nbsp;a director, general manager or manager of the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Article 54, as in
effect at the date hereof, requires that, among other things, any Holder intending to acquire control, directly or indirectly (as
defined in Title XV of Law 18,045) of the Company (a)&nbsp;publish a notice of such intention in a newspaper in Chile disclosing
the price and terms of any such acquisition at least five days prior to the actual acquisition and (b)&nbsp;send a written notice
of such intention to the SVS and the stock exchanges in Chile on which the Shares are listed prior to such publication.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">It is hereby acknowledged
that, under Chilean law as in effect on the date hereof, a Holder subject to the requirements of Articles 12 and 54 and Title XV
of Law 18,045 of Chile who violates or fails to comply with the requirements described above and with any regulations of the SVS
is subject to an administrative fine to be determined by the SVS and is obligated to indemnify any person against damages incurred
as a result of such violation or noncompliance.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 3.05<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Disclosure of Interests.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">To the extent that
provisions of or governing any Deposited Securities (including the Estatutos or applicable law) may require the disclosure of beneficial
or other ownership of Deposited Securities, other Shares and other securities to the Company and may provide for blocking transfer
and voting or other rights to enforce such disclosure or limit such ownership, the Depositary shall use its best efforts that are
reasonable under the circumstances to comply with Company instructions as to Receipts in respect of any such enforcement or limitation,
and Holders and Beneficial Owners shall comply with all such disclosure requirements and ownership limitations and shall cooperate
with the Depositary&rsquo;s compliance with such Company instructions.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman Bold,serif"><B>ARTICLE</B></FONT> <B>4.</B></TD><TD STYLE="text-align: justify; width: 85%"><FONT STYLE="font-family: Times New Roman Bold,serif">THE
DEPOSITED SECURITIES</FONT></TD></TR>                                     <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 4.01<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Cash Distributions.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Whenever the Depositary,
or on its behalf, its agent, shall receive any cash dividend or other cash distribution on any Deposited Securities, the Depositary
shall, or shall cause its agent to, as promptly as practicable, subject to the provisions of Section 4.05, convert such dividend
or distribution into Dollars, transfer such Dollars to the United States and shall distribute the amount thus received (net of
the fees and expenses of the Depositary as provided in Section&nbsp;5.09) to the Holders entitled thereto, in proportion to the
number of American Depositary Shares representing such Deposited Securities held by them respectively; <U>provided</U>, <U>however</U>,
that in the event that the Company, the Depositary or the Custodian shall be required to withhold and does withhold from such cash
dividend or such other cash distribution an amount on account of taxes, the amount distributed to the Holder of the Receipts evidencing
American Depositary Shares representing such Deposited Securities shall be reduced accordingly. The Depositary shall distribute
only such amount, however, as can be distributed without attributing to any Holder a fraction of one cent. Any such fractional
amounts shall be rounded to the nearest whole cent and so distributed to Holders entitled thereto. The Company or its agent will
remit to the appropriate governmental agency in Chile all amounts withheld and owing to such agency. The Depositary will forward
to the Company or its agent such information from its records as the Company may reasonably request to enable the Company or its
agent to file necessary reports with governmental agencies, and the Depositary or the Company or its agent may file any such reports
necessary to obtain benefits under the applicable tax treaties for the Holders of Receipts.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 4.02<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Distributions Other Than Cash, Shares or Rights.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Subject to the provisions
of Sections&nbsp;4.11 and 5.09, whenever the Depositary shall receive any distribution other than a distribution described in Section&nbsp;4.01,
4.03 or 4.04, the Depositary shall, as promptly as practicable, cause the securities or property received by it to be distributed
to the Holders entitled thereto, after deduction or upon payment of any fees and expenses of the Depositary or any taxes or other
governmental charges, in proportion to the number of American Depositary Shares representing such Deposited Securities held by
them respectively, in any manner that the Depositary may deem equitable and practicable for accomplishing such distribution; <U>provided</U>,
<U>however</U>, that if in the opinion of the Depositary such distribution cannot be made proportionately among the Holders entitled
thereto, or if for any other reason (including, but not limited to, any requirement that the Company, the Custodian or the Depositary
withhold an amount on account of taxes or other governmental charges or that such securities must be registered under the Securities
Act of 1933 in order to be distributed to Holders or Beneficial Owners) the Depositary deems such distribution not to be feasible,
the Depositary may, after consultation with the Company, adopt such method as it may deem equitable and practicable for the purpose
of effecting such distribution, including, but not limited to, the public or private sale of the securities or property thus received,
or any part thereof, and the net proceeds of any such sale (net of the fees and expenses of the Depositary as provided in Section&nbsp;5.09)
shall be distributed by the Depositary to the Holders entitled thereto, all in the manner and subject to the conditions described
in Section 4.01; <U>provided</U>, <U>further</U>, that no distribution to Holders pursuant to this Section 4.02 shall be unreasonably
delayed by any action of the Depositary or any of its agents. To the extent such securities or property or the net proceeds thereof
are not distributed to Holders or sold as provided in this Section 4.02, the same shall constitute Deposited Securities and each
American Depositary Share shall thereafter also represent its proportionate interest in such securities, property or net proceeds.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 4.03<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Distributions in Shares.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">If any distribution
upon any Deposited Securities consists of a dividend in, or free distribution of, Shares, the Depositary may, and shall if the
Company shall so requests, distribute, as promptly as practicable, to the Holders of outstanding Receipts entitled thereto, in
proportion to the number of American Depositary Shares representing such Deposited Securities held by them respectively, additional
Receipts evidencing an aggregate number of American Depositary Shares representing the amount of Shares received as such dividend
or free distribution, subject to the terms and conditions of the Deposit Agreement with respect to the deposit of Shares and the
issuance of American Depositary Shares evidenced by Receipts, including the withholding of any tax or other governmental charge
as provided in Section&nbsp;4.11 and the payment of the fees and expenses of the Depositary as provided in Section 5.09. The Depositary
may withhold any such distribution of ADRs if it has not received satisfactory assurances from the Company that such distribution
does not require registration under the Securities Act or is exempt from registration under the provisions of such Act. In lieu
of delivering Receipts for fractional American Depositary Shares in any such case, the Depositary shall sell the amount of Shares
represented by the aggregate of such fractions and distribute the net proceeds, all in the manner and subject to the conditions
described in Section 4.01; <U>provided</U>, <U>however</U>, that no distribution to Holders pursuant to this Section 4.03 shall
be unreasonably delayed by any action of the Depositary or any of its agents. If additional Receipts are not so distributed, each
American Depositary Share shall thenceforth also represent the additional Shares distributed upon the Deposited Securities represented
thereby.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 4.04<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Rights.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">In the event that
the Company shall offer or cause to be offered to the holders of any Deposited Securities any rights to subscribe for additional
Shares or any rights of any other nature, the Depositary, after consultation with the Company, shall have discretion as to the
procedure to be followed in making such rights available to any Holders or in disposing of such rights on behalf of any Holders
and making the net proceeds available to such Holders or, if by the terms of such rights offering or for any other reason, it would
be unlawful for the Depositary either to make such rights available to any Holders or to dispose of such rights and make the net
proceeds available to such Holders, then the Depositary shall allow the rights to lapse. If at the time of the offering of any
rights the Depositary determines that it is lawful and feasible to make such rights available to all or certain Holders but not
to other Holders, the Depositary may (after consultation with the Company), and at the request of the Company shall, distribute
to any Holder to whom it determines the distribution to be lawful and feasible, in proportion to the number of American Depositary
Shares held by such Holder, warrants or other instruments therefor in such form as it deems appropriate.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">In circumstances
in which rights would otherwise not be distributed, if a Holder requests the distribution of warrants or other instruments in order
to exercise the rights allocable to the American Depositary Shares of such Holder hereunder, the Depositary will promptly make
such rights available to such Holder upon written notice from the Company to the Depositary that (a) the Company has elected in
its sole discretion to permit such rights to be exercised and (b) such Holder has executed such documents as the Company has determined
in its sole discretion are reasonably required under applicable law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">If the Depositary
has distributed warrants or other instruments for rights to all or certain Holders, then upon instruction from such a Holder pursuant
to such warrants or other instruments to the Depositary to exercise such rights, upon payment by such Holder to the Depositary
for the account of such Holder of an amount equal to the purchase price of the Shares to be received upon the exercise of the rights,
and upon payment of the fees and expenses of the Depositary and any other charges as set forth in such warrants or other instruments,
the Depositary shall, on behalf of such Holder, exercise the rights and purchase the Shares, and the Company shall cause the Shares
so purchased to be delivered to the Depositary on behalf of such Holder. As agent for such Holder, the Depositary will cause the
Shares so purchased to be deposited pursuant to Section&nbsp;2.02 of this Deposit Agreement, and shall, pursuant to Section&nbsp;2.03
of this Deposit Agreement, execute and deliver Receipts to such Holder. In the case of a distribution pursuant to the second paragraph
of this section, such Receipts shall be legended in accordance with applicable U.S. laws, and shall be subject to the appropriate
restrictions on sale, deposit, cancellation, and transfer under such laws.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">If the Depositary
determines that it is not lawful and feasible to make such rights available to all or certain Holders, it will use its best efforts
that are reasonable under the circumstances to sell the rights, warrants or other instruments in proportion to the number of American
Depositary Shares held by the Holders to whom it has determined it may not lawfully and feasibly make such rights available, and
allocate the net proceeds of such sales (net of the fees and expenses of the Depositary as provided in Section 5.09 and all taxes
and governmental charges payable in connection with such rights and subject to the terms and conditions of this Deposit Agreement)
for the account of such Holders otherwise entitled to such rights, warrants or other instruments, upon an averaged or other practical
basis without regard to any distinctions among such Holders because of exchange restrictions or the date of delivery of any Receipt
or otherwise. Such proceeds shall be distributed as promptly as practicable in accordance with Section 4.01 hereof.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">If a registration
statement under the Securities Act of 1933 is required with respect to the securities to which any rights relate in order for the
Company to offer such rights to Holders and sell the securities represented by such rights, the Depositary will not offer such
rights to Holders unless and until such a registration statement is in effect, or unless the offering and sale of such securities
and such rights to such Holders are exempt from or not subject to, registration under the provisions of the Securities Act of 1933;
<U>provided</U>, <U>however</U>, that nothing in this Deposit Agreement shall create, or shall be construed as creating, any obligation
on the part of the Company to file a registration statement under the Securities Act of 1933 with respect to such rights or underlying
securities or to endeavor to have such a registration statement declared effective. If a Holder of Receipts requests the distribution
of warrants or other instruments, notwithstanding that there has been no such registration under such Act, the Depositary shall
not effect such distribution unless it has received an opinion from recognized counsel in the United States for the Company upon
which the Depositary may rely that such distribution to such Holder is exempt from such registration.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary shall
not be responsible for any failure to determine that it may be lawful or feasible to make such rights available to Holders in general
or any Holder in particular.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 4.05<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Conversion of Foreign Currency.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Whenever the Depositary
or the Custodian shall receive foreign currency, by way of dividends or other distributions or the net proceeds from the sale of
securities, property or rights, and if at the time of the receipt thereof the foreign currency so received can, pursuant to applicable
law, be converted on a reasonable basis into Dollars and the resulting Dollars transferred to the United States, the Depositary
shall, subject to the Foreign Exchange and Investment Contract and applicable laws and regulations, convert or cause to be converted,
by sale or in any other manner that it may determine, such foreign currency into Dollars, and such Dollars shall be distributed,
as promptly as practicable, to the Holders entitled thereto or, if the Depositary shall have distributed any warrants or other
instruments which entitle the holders thereof to such Dollars, then to the holders of such warrants and/or instruments upon surrender
thereof for cancellation. Such distribution may be made upon an averaged or other practicable basis without regard to any distinctions
among Holders on account of exchange restrictions, the date of delivery of any Receipt or otherwise and shall be net of any expenses
of conversion into Dollars incurred by the Depositary or the Custodian as provided in Section&nbsp;5.09.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary shall
exercise its rights under the Foreign Exchange and Investment Contract as and to the extent appropriate in order to effect such
conversions and distributions, and is authorized to give such certifications, and enter into such agreements and arrangements,
as may be necessary or convenient thereunder or in connection therewith, provided, however, that the Depositary shall not be obligated
to incur any material expense in connection therewith or to take any action that would subject it to any expense, liability or
civil or criminal penalty or sanction or civil or criminal proceedings, unless satisfactory indemnity is furnished with respect
thereto.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">If such conversion
with regard to a particular Holder or distribution can be effected only with the approval or license of any government or agency
thereof other than the Foreign Exchange and Investment Contract and the approvals contemplated thereby, the Depositary shall, as
promptly as practicable, file such application for approval or license, if any, as is reasonably necessary to effect such conversion
or distribution; <U>provided</U>, <U>however</U>, that the Depositary shall be entitled to rely upon Chilean local counsel in such
matter, which counsel shall be instructed to act as promptly as possible.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">If at any time the
Depositary shall determine that in its reasonable judgment any foreign currency received by the Depositary or the Custodian is
not convertible on a reasonable basis into Dollars transferable to the United States, or if any approval or license of any government
or agency thereof which is required for such conversion is denied or in the reasonable judgment of the Depositary is not obtainable,
or if any such approval or license is not obtained within a reasonable period as determined by the Depositary, the Depositary may
distribute the foreign currency (or an appropriate document evidencing the right to receive such foreign currency) received by
the Depositary to, or in its discretion may hold such foreign currency uninvested and without liability for interest thereon for
the respective accounts of, the Holders entitled to receive the same.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">If any such conversion
of foreign currency, in whole or in part, cannot be effected for distribution to some of the Holders entitled thereto, the Depositary
may in its discretion make such conversion and distribution in Dollars to the extent permissible to the Holders entitled thereto
and may distribute the balance of the foreign currency received by the Depositary to, or hold such balance uninvested and without
liability for interest thereon for the respective accounts of, the Holders entitled thereto.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 4.06<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Fixing of Record Date.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Whenever any cash
dividend or other cash distribution shall become payable or any distribution other than cash shall be made, or whenever rights
shall be issued with respect to the Deposited Securities, or whenever the Depositary shall receive notice of any meeting of holders
of Shares or other Deposited Securities, or whenever for any reason the Depositary causes a change in the number of Shares that
are represented by each American Depositary Share, or whenever the Depositary shall find it necessary or convenient, the Depositary
shall fix a record date, which date shall (x) be the same date as the record date determined by the Company in accordance with
Chilean law, if any, to the extent practicable, or (y) if different from the record date determined by the Company, be as near
as practicable to the record date determined by the Company or, if more than five (5) Business Days after such record date, be
fixed after consultation with the Company (a)&nbsp;for the determination of the Holders who shall be (i)&nbsp;entitled to receive
such dividend, distribution or rights or the net proceeds of the sale thereof, (ii)&nbsp;entitled to give instructions for the
exercise of voting rights at any such meeting or (iii)&nbsp;responsible for any fee assessed by the Depositary pursuant to this
Deposit Agreement, or (b)&nbsp;on or after which each American Depositary Share will represent the changed number of Shares, or
(c)&nbsp;for any other reason. Subject to the provisions of Sections&nbsp;4.01 through 4.05 and to the other terms and conditions
of this Deposit Agreement, the Holders on such record date shall be entitled, as the case may be, to receive the amount distributable
by the Depositary with respect to such dividend or other distribution or such rights or the net proceeds of sale thereof in proportion
to the number of American Depositary Shares held by each of them respectively and to give voting instructions and to act in respect
of any other such matter.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 4.07<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Voting of Deposited Securities.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Upon receipt of
notice of any meeting or solicitation of proxies of holders of Shares or other Deposited Securities, the Depositary shall, as soon
as practicable thereafter, mail to the Holders a notice, the form of which notice shall be in the discretion of the Depositary
and shall comply with any applicable provisions of Chilean law of which the Company has notified the Depositary that govern the
form of such notice, which shall contain (a)&nbsp;such information as is contained in such notice of meeting received by the Depositary
from the Company, together with a summary in English of such information provided by the Company, (b)&nbsp;a statement that the
Holders as of the close of business on a specified record date will be entitled, subject to any applicable provision of Chilean
law and of the Estatutos and the provisions of the Deposited Securities, to instruct the Depositary as to the exercise of the voting
rights, if any, pertaining to the amount of Shares or other Deposited Securities represented by their respective American Depositary
Shares, (c) a statement as to the manner in which such instructions may be given, including an express indication that such instructions
will be deemed given in accordance with the next paragraph if no instruction is received, to the Depositary to give a discretionary
proxy to the Chairman of the Board of Directors of the Company (or to a person designated by the Chairman). Upon the written request
of a Holder on such record date, received on or before the date established by the Depositary for such purpose, the Depositary
shall endeavor, in so far as practicable, to vote or cause to be voted the amount of Shares or other Deposited Securities represented
by the American Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. The
Depositary shall not vote or attempt to exercise the right to vote that attaches to the Shares or other Deposited Securities, other
than in accordance with such instructions or deemed instruction.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">If no instructions
are received by the Depositary from any Holder with respect to any of the Deposited Securities represented by the American Depositary
Shares evidenced by such Holder&rsquo;s Receipts on or before the date established by the Depositary for such purpose, the Depositary
shall deem such Holder to have instructed the Depositary to give a discretionary proxy to the Chairman of the Board of Directors
of the Company (or to a person designated by the Chairman) with respect to such Deposited Securities and the Depositary shall give
such a discretionary proxy to vote such Deposited Securities; <U>provided</U>, that no such instruction shall be deemed given and
no such discretionary proxy shall be given with respect to any matter as to which the Company informs the Depositary (and the Company
agrees to provide such information as promptly as practicable in writing) that the Chairman of the Board of Directors of the Company
(or his/her designee) does not wish such proxy given; and <U>provided</U>, <U>further</U>, however, that the Shares or other Deposited
Securities shall in such event be counted for the purpose of satisfying applicable quorum requirements unless the Chairman of the
Board of Directors of the Company (or his/her designee) determines otherwise.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 4.08<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Changes Affecting Deposited Securities.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">In circumstances
where the provisions of Section&nbsp;4.03 do not apply, upon any change in nominal value, change in par value, split-up, consolidation
or any other reclassification of Deposited Securities, or upon any recapitalization, reorganization, merger or consolidation or
sale of assets affecting the Company or to which it is a party, any securities which shall be received by the Depositary or a Custodian
in exchange for or in conversion of or in respect of Deposited Securities, shall be treated as new Deposited Securities under this
Deposit Agreement, and American Depositary Shares shall thenceforth represent, in addition to the existing Deposited Securities,
the right to receive the new Deposited Securities so received in exchange or conversion, unless additional Receipts are delivered
pursuant to the following sentence. In any such case the Depositary may, and shall if the Company shall so request, execute and
deliver additional Receipts as in the case of a dividend in Shares, or call for the surrender of outstanding Receipts to be exchanged
for new Receipts specifically describing such new Deposited Securities. If requested in writing by the Company, upon occurrence
of any such change, conversion or exchange covered by this Section 4.08 in respect of Deposited Securities, the Depositary shall
give notice thereof in writing to all Holders, at the Company&rsquo;s expense (unless otherwise agreed in writing by the Company
and the Depositary).</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 4.09<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Reports.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary shall
make available for inspection by Holders at its Corporate Trust Office any reports, notices and communications, including any proxy
soliciting material, received from the Company which are both (a)&nbsp;received by the Depositary, the Custodian or a nominee of
either as the holder of the Deposited Securities and (b)&nbsp;made generally available to the holders of such Deposited Securities
by the Company. The Depositary shall also send to the Holders copies of such reports, notices and communications when such copies
are furnished by the Company for such purpose, pursuant to Section&nbsp;5.06. Any such reports, notices and communications, including
any such proxy soliciting material, furnished to the Depositary by the Company shall be furnished in English, to the extent such
materials are required to be translated into English pursuant to any regulations of the Commission applicable to the Company. On
or prior to the date hereof, the Company shall deliver to the Depositary and the Custodian a copy in English of the Estatutos,
and promptly upon any amendment thereto or change therein, the Company shall deliver to the Depositary and the Custodian a copy
in English of such amendments or changes. The Depositary may rely upon such copy for all purposes of this Agreement. The Depositary
will, at the expense of the Company (unless otherwise agreed in writing by the Company and the Depositary), either before or after
the date of this Agreement, make such copy and such notices, reports and other communications available for inspection by Holders
at the Depositary&rsquo;s office, at the office of the Custodian and at any other designated transfer offices.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 4.10<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Lists of Holders.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Promptly upon request
by the Company, the Depositary shall, at the expense of the Company (unless otherwise agreed in writing by the Company and the
Depositary), furnish to it a list, as of a recent date, of the names, addresses and holdings of American Depositary Shares by all
persons in whose names Receipts are registered on the books of the Depositary.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 4.11<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Withholding.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">In connection with
any distribution to Holders, the Company or its agent will remit to the appropriate governmental authority or agency in Chile all
amounts (if any) required to be withheld by the Company and owing to such authority or agency by the Company; and the Depositary
and the Custodian, respectively, will remit to the appropriate governmental authority or agency all amounts (if any) required to
be withheld and owing to such authority or agency by the Depositary or the Custodian, respectively. The Depositary shall forward
to the Company or its agent in a timely manner such information from its records as the Company may reasonably request to enable
the Company or its agent to file necessary reports with governmental authorities or agencies. In the event that the Depositary
determines that any distribution in property other than cash (including Shares and rights to subscribe therefor) is subject to
any tax or other governmental charge which the Depositary is obligated to withhold, the Depositary may by public or private sale
dispose of all or a portion of such property (including Shares and rights to subscribe therefor) in such amounts and in such manner
as the Depositary deems necessary and practicable to pay such taxes or charges and the Depositary shall distribute the net proceeds
of any such sale after deduction of such taxes or charges to the Holders entitled thereto in proportion to the number of American
Depositary Shares held by them respectively, all in accordance with applicable provisions of this Deposit Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary shall
use reasonable efforts to make and maintain arrangements enabling Holders to receive any tax credits or other benefits (pursuant
to treaty or otherwise) relating to dividend payments in respect of the American Depositary Shares, and the Company shall, to the
extent reasonably practicable, provide the Depositary with such tax receipts or other similar documents as the Depositary may reasonably
request to maintain such arrangements.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman Bold,serif"><B>ARTICLE</B> <B>5.</B></FONT></TD><TD STYLE="text-align: justify; width: 85%">THE
DEPOSITARY, THE CUSTODIANS AND THE COMPANY</TD></TR>                                                    <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 5.01<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Maintenance of Office and Transfer Books by the Depositary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Until termination
of this Deposit Agreement in accordance with its terms, the Depositary shall maintain in the Borough of Manhattan, The City of
New York, facilities for the execution and delivery, registration, registration of transfers, combinations and split-ups and surrender
of Receipts, all in accordance with the provisions of this Deposit Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary shall
keep books, at its Corporate Trust Office, for the registration of Receipts and transfers of Receipts which at all reasonable times
shall be open for inspection by the Holders, <U>provided</U> that such inspection shall not be for the purpose of communicating
with Holders in the interest of a business or object other than the business of the Company or a matter related to this Deposit
Agreement, the Deposited Securities, the Estatutos or the Receipts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary may
close the transfer books, (a) after consultation with the Company to the extent practicable (if other than in the ordinary course
of business) at any time or from time to time, when deemed reasonably expedient by it in connection with the performance of its
duties hereunder, or (b)&nbsp;at the request of the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">If any Receipts
or the American Depositary Shares evidenced thereby are listed on one or more stock exchanges in the United States, the Depositary
shall act as Registrar or appoint a Registrar or one or more co-registrars for registry of such Receipts in accordance with any
requirements of such exchange or exchanges.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company shall
have the right, upon reasonable request, to inspect the transfer and registration records of the Depositary relating to the Receipts,
to take copies thereof and to require the Depositary and any co-registrars to supply, at the Company&rsquo;s expense, such copies
of such portions of such records as the Company may request.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 5.02<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Prevention or Delay in Performance by the Depositary or the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Neither the Depositary
nor the Company nor any of their respective directors, employees, agents or affiliates shall incur any liability to any Holder
or Beneficial Owner, if by reason of any provision of any present or future law or regulation of the United States, Chile or any
other country, or of any governmental or regulatory authority or stock exchange (including any action by the Central Bank under
the Foreign Exchange and Investment Contract), or by reason of any provision, present or future, of the Estatutos or the Deposited
Securities, or by reason of any provision of any securities issued or distributed by the Company, or any offering or distribution
thereof, or by reason of any act of God or war or other circumstances beyond its control, the Depositary or the Company shall be
prevented, delayed or forbidden from, or be subject to any civil or criminal penalty on account of, doing or performing any act
or thing which by the terms of this Deposit Agreement, the Foreign Exchange and Investment Contract, the <I>Estatutos</I> or Deposited
Securities it is provided shall be done or performed; nor shall the Depositary or the Company or any of their respective directors,
employees, agents or affiliates incur any liability to any Holder or Beneficial Owner by reason of any nonperformance or delay,
caused as aforesaid, in the performance of any act or thing which by the terms of this Deposit Agreement it is provided shall or
may be done or performed, or by reason of any exercise of, or failure to exercise, any discretion provided for in this Deposit
Agreement. Where, by the terms of a distribution pursuant to Section&nbsp;4.01, 4.02, or 4.03 of this Deposit Agreement, or an
offering or distribution pursuant to Section&nbsp;4.04 of this Deposit Agreement, or for any other reason, the Depositary is prevented
or prohibited from making such distribution or offering available to Holders, and the Depositary is prevented or prohibited from
disposing of such distribution or offering on behalf of such Holders and making the net proceeds available to such Holders, then
the Depositary, after consultation with the Company, shall not make such distribution or offering, and shall allow any rights,
if applicable, to lapse.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 5.03<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Obligations of the Depositary, the Custodian and the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company assumes
no obligation nor shall it be subject to any liability under this Deposit Agreement to Holders or Beneficial Owners, except that
it agrees to perform its obligations specifically set forth in this Deposit Agreement without negligence or bad faith.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary assumes
no obligation nor shall it be subject to any liability under this Deposit Agreement to any Holder or Beneficial Owner (including,
without limitation, liability with respect to the validity or worth of the Deposited Securities), except that it agrees to perform
its obligations specifically set forth in this Deposit Agreement without negligence or bad faith.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Neither the Depositary
nor the Company shall be under any obligation to appear in, prosecute or defend any action, suit or other proceeding in respect
of any Deposited Securities or in respect of the Receipts, which in its opinion may involve it in expense or liability, unless
indemnity satisfactory to it against all expense and liability shall be furnished as often as may be required, and the Custodian
shall not be under any obligation whatsoever with respect to such proceedings, the responsibility of the Custodian being solely
to the Depositary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Neither the Depositary
nor the Company shall be liable for any action or nonaction by it in reliance upon the advice of or information from legal counsel,
accountants, any person presenting Shares for deposit, any Holder or any other person believed by it in good faith to be competent
to give such advice or information.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary shall
not be liable for any acts or omissions made by a successor depositary whether in connection with a previous act or omission of
the Depositary or in connection with any matter arising wholly after the removal or resignation of the Depositary, provided that
in connection with the issue out of which such potential liability arises the Depositary performed its obligations without negligence
or bad faith while it acted as Depositary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary shall
not be responsible for any failure to carry out any instructions to vote any of the Deposited Securities, or for the manner in
which any such vote is cast or the effect of any such vote, provided that any such action is without negligence or bad faith.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">No disclaimer of
liability under the Securities Act of 1933 is intended by any provision of this Deposit Agreement.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 5.04<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>SECTION&nbsp;5.4.&#9;Resignation and Removal of the Depositary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary may
at any time resign as Depositary hereunder by written notice of its election so to do delivered to the Company, such resignation
to take effect upon the appointment of a successor depositary and its acceptance of such appointment as hereinafter provided.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary may
at any time be removed by 30 days notice by the Company by written notice of such removal to become effective upon the later of
(i) the 30<SUP>th</SUP> day after delivery of the notice to the Depositary or (ii) the appointment of a successor depositary and
its acceptance of such appointment as hereinafter provided.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">In case at any time
the Depositary acting hereunder shall resign or be removed, the Company shall use its best efforts to appoint a successor depositary,
which shall be a bank or trust company having an office in the Borough of Manhattan, The City of New York. Every successor depositary
shall execute and deliver to its predecessor and to the Company an instrument in writing accepting its appointment hereunder and
a new Chapter&nbsp;XXVI Agreement among the Central Bank, the Company and such successor depositary, and thereupon such successor
depositary, without any further act or deed, shall become fully vested with all the rights, powers, duties and obligations of its
predecessor; but such predecessor, nevertheless, upon payment of all sums due it and on the written request of the Company shall
execute and deliver an instrument transferring to such successor all rights and powers of such predecessor hereunder, shall duly
assign, transfer and deliver all right, title and interest in the Deposited Securities to such successor, and shall deliver to
such successor a list of the Holders of all outstanding Receipts together with copies of such other records maintain by the Depositary
in relation to the Receipts as the Company may reasonably request. Any such successor depositary shall promptly mail notice of
its appointment to the Holders.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Any corporation
into or with which the Depositary may be merged or consolidated shall be the successor of the Depositary without the execution
or filing of any document or any further act.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 5.05<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>The Custodian.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Custodian shall
be subject at all times and in all respects to the directions of the Depositary and shall be responsible solely to it and the Depositary
shall be responsible for the compliance by the Custodian with the applicable provisions of this Deposit Agreement. Any Custodian
may resign from its duties hereunder by notice of such resignation delivered to the Depositary at least 30&nbsp;days prior to the
date on which such resignation is to become effective. If, upon the effectiveness of such resignation there would be no Custodian
acting hereunder, the Depositary shall, promptly after receiving such notice, appoint a substitute custodian or custodians approved
by the Company (such approval not to be unreasonably withheld or delayed), each of which shall thereafter be a Custodian hereunder.
The Depositary may discharge any Custodian at any time upon notice to the Custodian being discharged with the approval of the Company
(such approval not to be unreasonably withheld). Whenever the Depositary in its discretion determines that it is in the best interest
of the Holders to do so, it may, after consultation with the Company to the extent practicable, appoint a substitute or additional
custodian or custodians, each of which shall thereafter be one of the Custodians hereunder. The Depositary shall, to the extent
practicable, notify the Company of the appointment of a substitute or additional Custodian at least 30 days prior to the date on
which such appointment is to become effective. Upon demand of the Depositary any Custodian shall deliver such of the Deposited
Securities held by it as are requested of it to any other Custodian or such substitute or additional custodian or custodians. Each
such substitute or additional custodian shall deliver to the Depositary, forthwith upon its appointment, an acceptance of such
appointment satisfactory in form and substance to the Depositary. Promptly after any such change, the Depositary shall give notice
thereof in writing to all Holders.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Upon the appointment
of any successor depositary hereunder, each Custodian then acting hereunder shall forthwith become, without any further act or
writing, the agent hereunder of such successor depositary and the appointment of such successor depositary shall in no way impair
the authority of each Custodian hereunder; but the successor depositary so appointed shall, nevertheless, on the written request
of any Custodian, execute and deliver to such Custodian all such instruments as may be proper to give to such Custodian full and
complete power and authority as agent hereunder of such successor depositary.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 5.06<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notices and Reports.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">On or before the
first date on which the Company gives notice, by publication or otherwise, of any meeting of holders of Shares or other Deposited
Securities, or of any adjourned meeting of such holders, or of the taking of any action in respect of any cash or other distributions
or the offering of any rights in respect of Deposited Securities, the Company agrees to transmit to the Depositary and the Custodian
a copy of the notice thereof in the form given or to be given to holders of Shares or other Deposited Securities.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company will
arrange for the translation into English, if not already in English, to the extent required pursuant to any regulations of the
Commission applicable to the Company, and the prompt transmittal by the Company to the Depositary and the Custodian of such notices
and any other reports and communications which are made generally available by the Company to holders of its Shares. The Depositary
will promptly make such notices, reports and other communications available to all Holders on a basis similar to that for holders
of Shares or other Deposited Securities, or on such other basis as the Company may advise the Depositary is required by any applicable
law, regulation or stock exchange or automated inter-dealer quotation system requirement or, at the written request and expense
of the Company, promptly arrange for the mailing of copies thereof (or if requested by the Company, a summary of any such notice
provided by the Company) to all Holders. The Company will timely provide the Depositary with the quantity of such notices, reports,
and communications, as requested by the Depositary from time to time, in order for the Depositary to effect any such mailings.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 5.07<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Distribution of Additional Shares, Rights, etc.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company agrees
that in the event of any issuance or distribution of (1)&nbsp;additional Shares, (2)&nbsp;rights to subscribe for Shares, (3)&nbsp;securities
convertible into or exchangeable for Shares, or (4)&nbsp;rights to subscribe for such securities, the Company will take all steps
reasonably necessary to ensure that no violation by the Company or the Depositary of the Securities Act of 1933 will result from
such issuance or distribution.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company agrees
with the Depositary that neither the Company nor any company controlled by the Company will at any time deposit any Shares, either
originally issued or previously issued and reacquired by the Company or any such affiliate, unless a Registration Statement is
in effect as to such Shares under the Securities Act of 1933 or the Company furnishes to the Depositary a written opinion from
U.S. counsel for the Company, which counsel shall be reasonably satisfactory to the Depositary, stating that such depositor may
publicly offer and sell such Shares in the United States without registration under that Act.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 5.08<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Indemnification.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company agrees
to indemnify the Depositary, its directors, employees, agents and affiliates and any Custodian against, and hold each of them harmless
from, any liability or expense (including, but not limited to, the reasonable fees and expenses of counsel) which may arise out
of acts performed or omitted, pursuant to the provisions of this Deposit Agreement and of the Receipts, as the same may be amended,
modified or supplemented from time to time, (i)&nbsp;by either the Depositary or a Custodian or their respective directors, employees,
agents and affiliates, except for any liability or expense arising out of the negligence or bad faith of any such person and except
to the extent that such liability or expense arises out of information relating to the Depositary or the Custodian, as applicable,
furnished in writing to the Company by the Depositary or the Custodian, and not materially altered or changed by the Company, as
applicable, expressly for use in any registration statement, proxy statement, prospectus (or placement memorandum) or preliminary
prospectus (or preliminary placement memorandum) relating to the offer or sale of American Depositary Shares, or omissions from
such information, or (ii)&nbsp;by the Company or any of its directors, employees, agents and affiliates.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The indemnities
contained in the preceding paragraph shall not extend to any liability or expense which arises solely and exclusively out of a
Pre-Release (as defined in Section 2.09) of a Receipt or Receipts and which would not otherwise have arisen had such Receipt or
Receipts not been the subject of a Pre-Release; <U>provided</U>, <U>however</U>, that the indemnities provided in the preceding
paragraph shall apply to any such liability or expense (i)&nbsp;to the extent that such liability or expense would have arisen
had a Receipt or Receipts not been the subject of a Pre-Release, or (ii)&nbsp;which may arise out of any misstatement or alleged
misstatement or omission or alleged omission in any registration statement, proxy statement, prospectus (or placement memorandum),
or preliminary prospectus (a preliminary placement memorandum) relating to the offer or sale of American Depositary Shares, except
to the extent any such liability arises out of (a)&nbsp;information relating to the Depositary or any Custodian, as applicable,
furnished in writing to the Company by the Depositary or any Custodian, and not materially altered or changed by the Company, as
applicable, expressly for use in any of the foregoing documents, or (b)&nbsp;if such information is provided, the failure to state
a material fact necessary to make the information provided not misleading.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary agrees
to indemnify the Company, its directors, employees, agents and affiliates and hold them harmless from any liability or expense
(including, but not limited to, the reasonable fees and expenses of counsel) which may arise out of acts performed or omitted by
the Depositary or its Custodian or their respective directors, employees, agents and affiliates due to their negligence or bad
faith.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Any Person seeking
indemnification hereunder (an &quot;Indemnified Person&quot;) shall notify the person from whom it is seeking indemnification (the
&quot;Indemnifying Person&quot;) of the commencement of any indemnifiable action or claim promptly after such Indemnified Person
becomes aware of such commencement and shall consult in good faith with the Indemnifying Person as to the conduct of the defense
of such action or claim, which defense shall be reasonable under the circumstances. No Indemnified Person shall compromise or settle
any such action or claim without the consent in writing of the Indemnifying Person, which consent shall not be unreasonably withheld.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 5.09<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Charges of Depositary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company agrees
to pay the fees and reasonable out-of-pocket expenses of the Depositary and those of any Registrar only in accordance with agreements
in writing entered into between the Depositary and the Company from time to time. The Depositary shall present detailed statements
for such expenses to the Company at least once every three months. The charges and expenses of the Custodian are for the sole account
of the Depositary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The following charges
to the extent permitted by applicable law shall be incurred by any party depositing or withdrawing Shares or by any party surrendering
Receipts or to whom Receipts are issued (including, without limitation, issuance pursuant to a stock dividend or stock split declared
by the Company or an exchange of stock regarding the Receipts or Deposited Securities or a distribution of Receipts pursuant to
Section&nbsp;4.03) or any Holder, whichever applicable (and not by the Company): (1)&nbsp;taxes and other governmental charges,
(2)&nbsp;such registration fees as may from time to time be in effect for the registration of transfers of Shares generally on
the Share register of the Company or Foreign Registrar and applicable to transfers of Shares to the name of the Depositary or its
nominee or the Custodian or its nominee on the making of deposits or withdrawals hereunder, (3)&nbsp;such cable, telex and facsimile
transmission expenses as are expressly provided in this Deposit Agreement, (4)&nbsp;such expenses as are incurred by the Depositary
in the conversion of foreign currency pursuant to Section&nbsp;4.05, (5)&nbsp;a fee of $5.00 or less per 100 American Depositary
Shares (or portion thereof) for the execution and delivery of Receipts pursuant to Section&nbsp;2.03, 4.03 or 4.04 and the surrender
of Receipts pursuant to Section&nbsp;2.05 or 6.02, (6)&nbsp;a fee of $.02 or less per American Depositary Share (or portion thereof)
for any cash distribution made pursuant to this Deposit Agreement, including, but not limited to Sections 4.01 through 4.04 hereof
(to the extent permitted by the rules of any securities exchange, including the New York Stock Exchange, on which the American
Depositary Shares are then listed for trading), (7)&nbsp;a fee for the distribution of securities pursuant to Section&nbsp;4.02,
such fee being in an amount equal to the fee for the execution and delivery of American Depositary Shares referred to above which
would have been charged as a result of the deposit of such securities (for purposes of this clause&nbsp;7 treating all such securities
as if they were Shares) but which securities are instead distributed by the Depositary to Holders, (8) a fee not in excess of $1.50
per certificate for a Receipt or Receipts for transfers made pursuant to the terms of this Deposit Agreement and (9)&nbsp;any other
charges payable by the Depositary, any of the Depositary&rsquo;s agents, including the Custodian, or the agents of the Depositary&rsquo;s
agents in connection with the servicing of Shares or other Deposited Securities (which charge shall be assessed against Holders
as of the date or dates set by the Depositary in accordance with the Deposit Agreement and shall be collected at the sole discretion
of the Depositary by billing such Holders for such charge or by deducting such charge from one or more cash dividends or other
cash distributions).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 5.10<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Retention of Depositary Documents.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary is
authorized to destroy those documents, records, bills and other data compiled during the term of this Deposit Agreement at the
times permitted by the laws or regulations governing the Depositary unless the Company requests that such papers be retained for
a longer period.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 5.11<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Exclusivity.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Without prejudice
to the Company&rsquo;s rights under Section 5.04 of this Deposit Agreement, the Company agrees not to appoint any other depositary
for issuance of American Depositary Receipts evidencing American Depositary Shares so long as The Bank of New&nbsp;York is acting
as Depositary hereunder.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman Bold,serif"><B>ARTICLE</B></FONT> <B>6.</B></TD><TD STYLE="text-align: justify; width: 85%">AMENDMENT
AND TERMINATION</TD></TR>                         <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 6.01<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Amendment.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The form of the
Receipts and any provisions of this Deposit Agreement may at any time and from time to time be amended by agreement between the
Company and the Depositary without the consent of Holders or Beneficial Owners of Receipts in any respect which they may deem necessary
or desirable. Any amendment which shall impose or increase any fees or charges (other than taxes and other governmental charges,
registration fees, cable, telex or facsimile transmission costs, delivery costs or other such expenses), or which shall otherwise
prejudice any substantial existing right of Holders, shall, however, not become effective as to outstanding Receipts until the
expiration of thirty (30) days after notice of such amendment shall have been given to the Holders of outstanding Receipts. Every
Holder and Beneficial Owner, at the time any amendment so becomes effective shall be deemed, by continuing to hold such Receipt
or interest therein, to consent and agree to such amendment and to be bound by this Deposit Agreement as amended thereby. In no
event shall any amendment impair the right of the Holder of any Receipt to surrender such Receipt and receive therefor the Deposited
Securities represented thereby, except in order to comply with mandatory provisions of applicable law.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 6.02<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Termination.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Depositary shall,
at any time, at the direction of the Company, terminate this Deposit Agreement by mailing notice of such termination to the Holders
of all Receipts then outstanding at least 30 days prior to the date fixed in such notice for such termination. The Depositary may
likewise terminate this Deposit Agreement by mailing notice of such termination to the Company and the Holders of all Receipts
then outstanding, such termination to be effective on a date specified in such notice not less than 90 days after the date thereof
if at any time 90 days shall have expired after the Depositary shall have delivered to the Company a written notice of its election
to resign and a successor depositary shall not have been appointed and accepted its appointment as provided in Section&nbsp;5.04.
On and after the date of termination, the Holder of a Receipt will, upon (a)&nbsp;surrender of such Receipt at the Corporate Trust
Office of the Depositary, (b)&nbsp;payment of the fee of the Depositary for the surrender of Receipts referred to in Section&nbsp;2.05,
and (c)&nbsp;payment of any applicable taxes or governmental charges, be entitled to delivery, to him or upon his order, of the
amount of Deposited Securities represented by the American Depositary Shares evidenced by such Receipt. If any Receipts shall remain
outstanding after the date of termination, the Depositary thereafter shall discontinue the registration of transfers of Receipts,
shall suspend the distribution of dividends to the Holders thereof, and shall not give any further notices or perform any further
acts under this Deposit Agreement, except that the Depositary shall continue to collect dividends and other distributions pertaining
to Deposited Securities, shall sell rights and other property as provided in this Deposit Agreement, and shall continue to deliver
Deposited Securities, together with any dividends or other distributions received with respect thereto and the net proceeds of
the sale of any rights or other property, in exchange for Receipts surrendered to the Depositary (after deducting, in each case,
the fee of the Depositary for the surrender of a Receipt, any expenses for the account of the Holder of such Receipt in accordance
with the terms and conditions of this Deposit Agreement, and any applicable taxes or governmental charges). At any time after the
expiration of one year from the date of termination, the Depositary may sell the Deposited Securities then held hereunder and may
thereafter hold uninvested the net proceeds of any such sale, together with any other cash then held by it hereunder, unsegregated
and without liability for interest, for the pro rata benefit of the Holders of Receipts which have not theretofore been surrendered,
such Holders thereupon becoming general creditors of the Depositary with respect to such net proceeds and such other cash. After
making such sale, the Depositary shall be discharged from all obligations under this Deposit Agreement, except to account for such
net proceeds and other cash (after deducting, in each case, the fee of the Depositary for the surrender of a Receipt, any expenses
for the account of the Holder of such Receipt in accordance with the terms and conditions of this Deposit Agreement, and any applicable
taxes or governmental charges) and except as provided in Section 5.08. Upon the termination of this Deposit Agreement, the Company
shall be discharged from all obligations under this Deposit Agreement except for its obligations to the Depositary under Sections&nbsp;5.08
and 5.09 hereof.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman Bold,serif"><B>ARTICLE</B></FONT> <B>7.</B></TD><TD STYLE="text-align: justify; width: 85%">MISCELLANEOUS</TD></TR>                                                                                                                                                                                    <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 7.01<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Counterparts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">This Deposit Agreement
may be executed in any number of counterparts, each of which shall be deemed an original and all of such counterparts shall constitute
one and the same instrument. Copies of this Deposit Agreement shall be filed with the Depositary and the Custodian and shall be
open to inspection by any Holder or Beneficial Owner during business hours.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 7.02<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>No Third Party Beneficiaries.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">This Deposit Agreement
is for the exclusive benefit of the parties hereto and shall not be deemed to give any legal or equitable right, remedy or claim
whatsoever to any other person.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 7.03<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Severability.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">In case any one
or more of the provisions contained in this Deposit Agreement or in the Receipts should be or become invalid, illegal or unenforceable
in any respect, the validity, legality and enforceability of the remaining provisions contained herein or therein shall in no way
be affected, prejudiced or disturbed thereby.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 7.04<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Holders and Beneficial Owners as Parties; Binding Effect.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Holders and
Beneficial Owners shall be parties to this Deposit Agreement and shall be bound by all of the terms and conditions hereof and of
the Receipts by acceptance thereof or any interest therein.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 7.05<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Notices.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Any and all notices
to be given to the Company shall be deemed to have been duly given if personally delivered or sent by mail or cable, telex or facsimile
transmission confirmed by letter, addressed to Embotelladora Andina S.A., Av. Andres Bello 2687, 20<SUP>th</SUP> Floor, Santiago,
Chile, or any other place to which the Company may have transferred its principal office after notice to the Depositary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Any and all notices
to be given to the Depositary shall be deemed to have been duly given if in English and personally delivered or sent by mail or
cable, telex or facsimile transmission confirmed by letter, addressed to The Bank of New&nbsp;York, 101 Barclay Street, New&nbsp;York,
New&nbsp;York 10286, Attention: American Depositary Receipt Administration, or any other place to which the Depositary may have
transferred its Corporate Trust Office after notice to the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Any and all notices
to be given to any Holder shall be deemed to have been duly given if personally delivered or sent by mail or cable, telex or facsimile
transmission confirmed by letter, addressed to such Holder at the address of such Holder as it appears on the transfer books for
Receipts of the Depositary, or, if such Holder shall have filed with the Depositary a written request that notices intended for
such Holder be mailed to some other address, at the address designated in such request.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Delivery of a notice
sent by mail or cable, telex or facsimile transmission shall be deemed to be effective at the time when a duly addressed letter
containing the same (or a confirmation thereof in the case of a cable, telex or facsimile transmission) is deposited, postage prepaid,
in a post-office letter box; <U>provided</U>, <U>however</U>, that delivery of a notice to the Company or the Depositary shall
be deemed to be effective when actually received by the Company or the Depositary, as the case may be. The Depositary or the Company
may, however, act upon any cable, telex or facsimile transmission received by it, notwithstanding that such cable, telex or facsimile
transmission shall not subsequently be confirmed by letter as aforesaid.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 7.06<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Submission to Jurisdiction; Appointment of Agent for Service of Process.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">The Company hereby
(i)&nbsp;irrevocably designates and appoints CT Corporation Systems, 1633 Broadway, New York, New York, 10038, as the Company&rsquo;s
authorized agent upon which process may be served in any suit or proceeding arising out of or relating to the Shares or Deposited
Securities, the American Depositary Shares, the Receipts or this Agreement which may be instituted in any United States federal
or New York State court sitting in the Borough of Manhattan, the City of New York, (ii) consents and submits to the non-exclusive
jurisdiction of any such court in the Borough of Manhattan, City of New York with respect to any such suit or proceeding, and (iii)
agrees that service of process upon said authorized agent shall be deemed in every respect effective service of process upon the
Company in any such suit or proceeding. The Company agrees to deliver, upon the execution and delivery of this Deposit Agreement,
a written acceptance by such agent of its appointment as such agent. The Company further agrees to take any and all action, including
the filing of any and all such documents and instruments, as may be necessary to continue such designation and appointment in full
force and effect for so long as any American Depositary Shares or Receipts remain outstanding or this Agreement remains in force.
If said authorized agent shall cease to act as the Company&rsquo;s agent for service of process, the Company shall appoint without
delay another such agent and promptly notify the Depositary of such appointment. In the event the Company fails to continue such
designation and appointment in full force and effect, the Company hereby waives personal service of process upon it and consents
that any such service of process may be made by certified or registered mail, return receipt requested, directed to the Company
at its address last specified for notices hereunder, and service so made shall be deemed completed ten (10) days after the same
shall have been so mailed.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 7.07<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Waiver of Immunities.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&#9;&#9;To the extent that the Company
or any of its properties, assets or revenues may have or may hereafter become entitled to, or have attributed to it, any right
of immunity, on the grounds of sovereignty or otherwise, from any legal action, suit or proceeding, from the giving of any relief
in any respect thereof, from setoff or counterclaim, from the jurisdiction of any court, from service of process, from attachment
upon or prior to judgment, from attachment in aid of execution or judgment, or from execution of judgment, or other legal process
or proceeding for the giving of any relief or for the enforcement of any judgment, in any jurisdiction in which proceedings may
at any time be commenced, with respect to its obligations, liabilities or any other matter under or arising out of or in connection
with the Shares or Deposited Securities, the American Depositary Shares, the Receipts or this Agreement, the Company, to the fullest
extent permitted by law, hereby irrevocably and unconditionally waives, and agrees not to plead or claim, any such immunity and
consents to such relief and enforcement.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 7.08<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Governing Law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">This Deposit Agreement
and the Receipts shall be interpreted and all rights hereunder and thereunder and provisions hereof and thereof shall be governed
by the laws of the State of New York.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">SECTION 7.09<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Headings.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Headings contained
herein are included for convenience only and are not to be used in construing or interpreting any provision hereof.</P>

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<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">IN WITNESS WHEREOF,
EMBOTELLADORA ANDINA S.A. and THE BANK OF NEW&nbsp;YORK have duly executed this Deposit Agreement as of the day and year first
set forth above and all Holders and Beneficial Owners shall become parties hereto upon acceptance by them of Receipts issued in
accordance with the terms hereof.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in">EMBOTELLADORA ANDINA
S.A.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in">By:______________________</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in">Name:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in">Title:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in">By:______________________</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in">Name:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in">Title:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in">THE BANK OF NEW&nbsp;YORK,</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in">as Depositary</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in">By:______________________</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in">Name:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 3in">Title:</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><B>EXHIBIT A</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 220.3pt; text-align: justify"><B>AMERICAN DEPOSITARY SHARES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 220.3pt; text-align: justify">(Each American Depositary Share
represents six (6) deposited Shares)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><B>THE BANK OF NEW
YORK</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><B>AMERICAN DEPOSITARY
RECEIPT</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><B>FOR SERIES A SHARES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><B>WITHOUT PAR VALUE
OF</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><B>EMBOTELLADORA ANDINA
S.A.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><B>(INCORPORATED UNDER
THE LAWS OF CHILE)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Bank of New York,
as depositary (hereinafter called the &quot;Depositary&quot;), hereby certifies that___________ ____________________________________________,
or registered assigns IS THE OWNER OF _____________________________</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center; text-indent: 0in"><B>AMERICAN DEPOSITARY
SHARES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">representing deposited Series A Shares,
without par value (herein called &quot;Shares&quot;) of EMBOTELLADORA ANDINA S.A., incorporated under the laws of Chile (herein
called the &quot;Company&quot;). At the date hereof, each American Depositary Share represents six (6) Shares deposited or subject
to deposit under the Deposit Agreement (as such term is hereinafter defined) at the Santiago office of Banco de Chile (herein called
the &quot;Custodian&quot;). The Depositary&rsquo;s Corporate Trust Office is located at a different address than its principal
executive office. Its Corporate Trust Office is located at 101 Barclay Street, New York, N.Y. 10286, and its principal executive
office is located at One Wall Street, New York, N.Y. 10286.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE DEPOSITARY&rsquo;S CORPORATE TRUST OFFICE
ADDRESS IS </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>101 BARCLAY STREET, NEW YORK, N.Y.
10286</B></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">1.</TD><TD STYLE="text-align: justify">THE DEPOSIT AGREEMENT.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">This American Depositary
Receipt is one of an issue (herein called &quot;Receipts&quot;), all issued and to be issued upon the terms and conditions set
forth in the Amended and Restated Deposit Agreement, dated as of December 14, 2000 (herein called the &quot;Deposit Agreement&quot;),
by and among the Company, the Depositary, and all Holders and Beneficial Owners from time to time of Receipts issued thereunder,
each of whom by accepting a Receipt agrees to become a party thereto and become bound by all the terms and conditions thereof.
The Deposit Agreement sets forth the rights of Holders and Beneficial Owners of the Receipts and the rights and duties of the Depositary
in respect of the Shares deposited thereunder and any and all other securities, property and cash from time to time received in
respect of such Shares and held thereunder (such Shares, securities, property, and cash are herein called &quot;Deposited Securities&quot;).
Copies of the Deposit Agreement are on file at the Depositary&rsquo;s Corporate Trust Office in New York City and at the office
of the Custodian.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The statements made
on the face and reverse of this Receipt are summaries of certain provisions of the Deposit Agreement and are qualified by and subject
to the detailed provisions of the Deposit Agreement, to which reference is hereby made. Capitalized terms defined in the Deposit
Agreement and not defined herein shall have the meanings set forth in the Deposit Agreement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">2.</TD><TD STYLE="text-align: justify">SURRENDER OF RECEIPTS AND WITHDRAWAL OF SHARES.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Upon surrender at
the Corporate Trust Office of the Depositary of this Receipt for the purpose of withdrawal of the Deposited Securities represented
by the American Depositary Shares evidenced hereby, and upon payment of the fee of the Depositary provided in this Receipt and
all taxes and governmental charges, if any, payable in connection with such surrender and withdrawal, and subject to the terms
and conditions of the Deposit Agreement, the Estatutos, the provisions of or governing the Deposited Securities and applicable
law, the Holder hereof is entitled to delivery, to him or upon his order, of the Deposited Securities at the time represented by
the American Depositary Shares for which this Receipt is issued. Delivery of such Deposited Securities may be made by (a) (i)&nbsp;book-entry
transfer of the Shares represented by this Receipt to an account in the name of such Holder or as ordered by him, or (ii)&nbsp;to
the extent the Shares are evidenced in the future by certificates in accordance with the Estatutos and Chilean law, the delivery
of certificates in the name of such Holder or as ordered by him or certificates properly endorsed or accompanied by proper instruments
of transfer to such Holder or as ordered by him and (b) delivery of any other securities, property and cash to which such Holder
is then entitled in respect of this Receipt to such Holder or as ordered by him. Such delivery will be made, at the option of the
Holder hereof, either at the office of the Custodian or at the Corporate Trust Office of the Depositary, as provided in the Deposit
Agreement, <U>provided</U> that the forwarding of certificates for Shares or other Deposited Securities for such delivery at the
Corporate Trust Office of the Depositary shall be at the risk and expense of the Holder hereof.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Notwithstanding anything
to the contrary in this Deposit Agreement or the Receipts, the surrender of outstanding Receipts and withdrawal of Deposited Securities
may be suspended only for (i) temporary delays caused by closing the transfer books of the Depositary or the Company or the deposit
of Shares in connection with voting at a shareholders&rsquo; meeting, or the payment of dividends, (ii) the payment of fees, taxes
and similar charges, (iii) compliance with any U.S. or foreign laws or governmental regulations relating to the Receipts or to
the withdrawal of the Deposited Securities, or (iv) any other reason that may at any time be specified in paragraph I(A)(1) of
the General Instructions to Form F-6, as from time to time in effect, or any successor provision thereto, have been transferred
to the Owner or its designee by the Depositary and that the Depositary waives in favor of the Owner or its designee the right of
access to the formal foreign exchange market relating to such withdrawn Deposited Securities. For purposes of a tax ruling dated
January 29, 1990 issued by the Chilean Internal Revenue Service regarding certain tax matters relating to American Depositary Shares
and American Depositary Receipts, the acquisition value of any Share or other Deposited Security upon its withdrawal by an Owner
upon surrender of the corresponding Receipt shall be the highest reported sales price of such Share or other Deposited Security
on the Bolsa de Comercio de Santiago Bolsa de Valores (the &quot;Santiago Stock Exchange&ldquo;) on the day on which the transfer
of such Share or other Deposited Security from the Depositary to such Owner is recorded on the books of the Company or its agent.
In the event that the Shares or other Deposited Securities are not then traded on the Santiago Stock Exchange, such value shall
be the highest reported sales price on the principal stock exchange or other organized securities market in Chile on which such
Shares or other Deposited Securities are then traded. In the event that no such sales price is reported on the day on which such
transfer is recorded on the books of the company or its agent, such value shall be deemed to be the highest sales price reported
on the last day on which such sales price was reported, provided that if such day is more than 30 days prior to the date of such
transfer, such price shall be increased by the percentage increase over the corresponding period in the Chilean consumer price
index as reported by the pertinent governmental authority of Chile.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Notwithstanding the
foregoing, in the event such Shares or other Deposited Securities are transferred by an Owner on a Chilean Exchange, either on
the same date on which the share transfer is registered in the Shareholders Register of the issuer or within two Business Days
prior to said date, the acquisition value of such shares shall be the price indicated in the invoice issued by the stockbroker
who participated in the pertinent sales transaction.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">3.</TD><TD STYLE="text-align: justify">TRANSFERS, SPLIT-UPS, AND COMBINATIONS OF RECEIPTS.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The transfer of this
Receipt is registrable on the books of the Depositary at its Corporate Trust Office by the Holder hereof in person or by a duly
authorized attorney, upon surrender of this Receipt properly endorsed for transfer or accompanied by proper instruments of transfer
and funds sufficient to pay any applicable transfer taxes and the expenses of the Depositary and upon compliance with such regulations,
if any, as the Depositary may establish for such purpose. This Receipt may be split into other such Receipts, or may be combined
with other such Receipts into one Receipt, evidencing the same aggregate number of American Depositary Shares as the Receipt or
Receipts surrendered. As a condition precedent to the execution and delivery, registration of transfer, split-up, combination,
or surrender of any Receipt, the delivery or any distribution thereon, or withdrawal of any Deposited Securities, the Company,
the Depositary, the Custodian, or Registrar may require payment from the depositor of the Shares or the presenter of the Receipt
of a sum sufficient to reimburse it for any tax or other governmental charge and any stock transfer or registration fee with respect
thereto (including any such tax, charge or fee with respect to Shares being deposited or withdrawn) and payment of any applicable
fees as provided in this Receipt, may require the production of proof satisfactory to it as to the identity and genuineness of
any signature and may also require compliance with such reasonable regulations as the Depositary and the Company may establish
consistent with the provisions of the Deposit Agreement or this Receipt.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The delivery of Receipts
against deposits of Shares generally or against deposit of particular Shares may be suspended, or the transfer of Receipts in particular
instances may be refused, or the registration of transfer of outstanding Receipts, or the combination or split-up of Receipts generally
may be suspended, during any period when the transfer books of the Depositary are closed, or if any such action is reasonably deemed
necessary or advisable by the Depositary or the Company at any time or from time to time because of any requirement of law or of
any government or governmental body or commission, or under any provision of the Deposit Agreement or this Receipt, or for any
other reason, subject to the provisions of the following sentence. Without limitation of the foregoing, the Depositary shall not
knowingly accept for deposit under the Deposit Agreement any Shares which would be required to be registered under the provisions
of the Securities Act of 1933 for the public offer and sale thereof in the United States unless a registration statement is in
effect as to such Shares for such offer and sale. The Depositary will comply with written instructions of the Company that the
Depositary shall not accept for deposit hereunder any Shares identified in such instructions at such times and under such circumstances
as may reasonably be specified in such instructions in order to facilitate the Company&rsquo;s compliance with the securities laws
in the United States.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">4.</TD><TD STYLE="text-align: justify">LIABILITY OF HOLDER OR BENEFICIAL OWNER FOR TAXES.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If any tax or other
governmental charge shall become payable by the Custodian or the Depositary with respect to any Receipt or any Deposited Securities
represented hereby, such tax or other governmental charge shall be payable by the Holder or Beneficial Owner hereof to the Depositary.
The Depositary may refuse to effect any transfer of this Receipt or any combination or split-up hereof or any withdrawal of Deposited
Securities represented by American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any
dividends or other distributions, or may sell for the account of the Holder or Beneficial Owner hereof any part or all of the Deposited
Securities represented by the American Depositary Shares evidenced by this Receipt, and may apply such dividends or other distributions
or the proceeds of any such sale in payment of such tax or other governmental charge (and any taxes or expenses arising out of
such sale), and the Holder or Beneficial Owner hereof shall remain liable for any deficiency.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">5.</TD><TD STYLE="text-align: justify">WARRANTIES ON DEPOSIT OF SHARES.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Every person depositing
Shares under the Deposit Agreement shall be deemed thereby to represent and warrant that such Shares and each certificate therefor,
if any, are validly issued, fully paid, non-assessable, and free of any preemptive rights of the holders of outstanding Shares
and that the person making such deposit is duly authorized so to do. Every such person shall also be deemed to represent that such
Shares are not, and the Receipts evidencing American Depositary Shares representing such Shares would not be, Restricted Securities.
Such representations and warranties shall survive the deposit of Shares and issuance of Receipts.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">6.</TD><TD STYLE="text-align: justify">FILING PROOFS, CERTIFICATES, AND OTHER INFORMATION.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Any person presenting
Shares for deposit or any Holder or Beneficial Owner of a Receipt may be required from time to time to file with the Depositary
or the Custodian such proof of citizenship or residence, exchange control approval, legal or beneficial ownership of Receipts,
Deposited Securities or other securities, compliance with all applicable laws or regulations or terms of the Deposit Agreement
or such Receipt, payment of all applicable Chilean taxes or other governmental charges, or such information relating to the registration
on the books of the Company or the Foreign Registrar, if applicable, to execute such certificates and to make such representations
and warranties, as the Depositary may reasonably deem necessary or proper or as the Company reasonably may require. The Depositary
may withhold the delivery or registration of transfer of any Receipt or the distribution of any dividend or sale or distribution
of rights or of the proceeds thereof or the delivery of any Deposited Securities underlying such Receipt until such proof or other
information is filed or such certificates are executed or such representations and warranties made. The Depositary shall from time
to time advise the Company of the availability of any such proofs, certificates or other information and shall provide copies thereof
to the Company as promptly as practicable upon request by the Company, unless such disclosure is prohibited by law. No Shares shall
be accepted for deposit unless accompanied by evidence satisfactory to the Depositary that the deposit has been authorized by the
Central Bank (unless and until the Company provides the Depositary with evidence satisfactory to it that such authorization is
not longer necessary) and that the conditions for such authorization, as set forth in the Foreign Exchange and Investment Contract,
have been satisfied.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If required by applicable
Chilean law, no Shares shall be accepted for deposit unless the Custodian has received from or on behalf of the depositor a certificate
satisfactory to the Custodian to the effect that either:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a) each of the following
conditions has been met:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(i) the Shares were
purchased with pesos received upon conversion by the investor of dollars in the formal exchange market;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(ii) at the time of
such currency conversion, the depositor indicated his intention to purchase Shares entitled to the benefits of the Foreign Exchange
and Investment Contract;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(iii) the depositor
acquired such Shares on an authorized stock exchange in Chile;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(iv) the Shares being
deposited have been registered in the name of the Depositary;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(v) the investor has
waived the right of access to the formal exchange market relating to the Shares being deposited; or</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b) such Shares are
being redeposited by a former Holder who received them upon surrendering Receipts (in which case the certificate of the Custodian
referred to in Section 2.05 of this Agreement shall serve as satisfactory evidence) and that the Holder waives the right to access
to the formal exchange market relating to the Shares being redeposited.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Upon each delivery
to a Custodian of a certificate or certificates for Shares to be deposited hereunder, together with the other documents above specified,
such Custodian shall, as soon as transfer and recordation can be accomplished, present such certificate or certificates to the
Company or the Foreign Registrar, if applicable, for transfer and recordation of the Shares being deposited in the name of the
Depositary or its nominee or such Custodian or its nominee at the cost and expense of the person making such deposit (or for whose
benefit such deposit is made) and shall obtain evidence satisfactory to it of such registration.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Deposited Securities
shall be held by the Depositary or by a Custodian for the account and to the order of the Depositary or at such other place or
places as the Depositary shall determine.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">7.</TD><TD STYLE="text-align: justify">CHARGES OF DEPOSITARY.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Company agrees
to pay the fees and reasonable out-of-pocket expenses of the Depositary and those of any Registrar only in accordance with agreements
in writing entered into between the Depositary and the Company from time to time. The Depositary shall present detailed statements
for such expenses to the Company at least once every three months. The charges and expenses of the Custodian are for the sole account
of the Depositary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The following charges
(to the extent permitted by applicable law) shall be incurred by any party depositing or withdrawing Shares or by any party surrendering
Receipts or to whom Receipts are issued (including, without limitation, issuance pursuant to a stock dividend or stock split declared
by the Company or an exchange of stock regarding the Receipts or Deposited Securities or a distribution of Receipts pursuant to
Section&nbsp;4.03 of the Deposit Agreement) or any Holder, whichever applicable (and not by the Company): (1)&nbsp;taxes and other
governmental charges, (2)&nbsp;such registration fees as may from time to time be in effect for the registration of transfers of
Shares generally on the Share register of the Company or Foreign Registrar and applicable to transfers of Shares to the name of
the Depositary or its nominee or the Custodian or its nominee on the making of deposits or withdrawals under the terms of the Deposit
Agreement, (3)&nbsp;such cable, telex and facsimile transmission expenses as are expressly provided in the Deposit Agreement, (4)&nbsp;such
expenses as are incurred by the Depositary in the conversion of foreign currency pursuant to Section&nbsp;4.05 of the Deposit Agreement,
(5)&nbsp;a fee of $5.00 or less per 100 American Depositary Shares (or portion thereof) for the execution and delivery of Receipts
pursuant to Section&nbsp;2.03, 4.03 or 4.04 of the Deposit Agreement and the surrender of Receipts pursuant to Section&nbsp;2.05
or 6.02 of the Deposit Agreement, (6) a fee of $.02 or less per American Depositary Share (or portion thereof) for any cash distribution
made pursuant to the Deposit Agreement, including but not limited to Sections 4.01 through 4.04 of the Deposit Agreement (to the
extent permitted by the rules of any securities exchange, including the New York Stock Exchange, on which the American Depositary
Shares are at the time listed for trading), (7) a fee for the distribution of securities pursuant to Section&nbsp;4.02 of the Deposit
Agreement, such fee being in an amount equal to the fee for the execution and delivery of American Depositary Shares referred to
above which would have been charged as a result of the deposit of such securities (for purposes of this clause&nbsp;7 treating
all such securities as if they were Shares), but which securities are instead distributed by the Depositary to Holders, (8) a fee
not in excess of $1.50 per certificate for a Receipt or Receipts for transfers made pursuant to the terms of the Deposit Agreement
and (9)&nbsp;any other charges payable by the Depositary, any of the Depositary&rsquo;s agents, including the Custodian, or the
agents of the Depositary&rsquo;s agents in connection with the servicing of Shares or other Deposited Securities (which charge
shall be assessed against Holders as of the date or dates set by the Depositary in accordance with the Deposit Agreement and shall
be collected at the sole discretion of the Depositary by billing such Holders for such charge or by deducting such charge from
one or more cash dividends or other cash distributions).</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">8.</TD><TD STYLE="text-align: justify">PRE-RELEASE OF RECEIPTS.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary may
execute and deliver Receipts against delivery by the Company (or by any agent of the Company recording ownership of the Shares)
of rights to receive Shares from the Company (or from any such agent). No such issue of Receipts will be deemed a &quot;Pre-Release&quot;
subject to the restrictions of the following paragraph.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Unless requested in
writing by the Company to cease doing so, which request may be made by the Company at any time and with or without cause, notwithstanding
Section 2.03 of the Deposit Agreement, the Depositary may execute and deliver Receipts prior to the receipt of Shares pursuant
to Section 2.02 of the Deposit Agreement (a &quot;Pre-Release&quot;). The Depositary may, pursuant to Section 2.05 of the Deposit
Agreement, deliver Shares upon the receipt and cancellation of Receipts which have been Pre-Released, whether or not such cancellation
is prior to the termination of such Pre-Release or the Depositary knows that such Receipt has been Pre-Released. The Depositary
may receive Receipts in lieu of Shares in satisfaction of a Pre-Release. Each Pre-Release will be (a) preceded or accompanied by
a written representation and agreement from the person to whom Receipts or Shares are to be delivered (the &quot;Pre-Releasee&quot;)
that such Pre-Releasee, or its customer, (i)&nbsp;owns the Shares or Receipts to be remitted, as the case may be, (ii)&nbsp;assigns
all beneficial right, title and interest in such Shares or Receipts, as the case may be, to the Depositary in its capacity as such
and for the benefit of the Holders , and (iii)&nbsp;will not take any action with respect to such Shares or Receipts, as the case
may be, that is inconsistent with the transfer of beneficial ownership (including, without the consent of the Depositary, disposing
of such Shares or Receipts as the case may be, other than in satisfaction of such Pre-Release), (b)&nbsp;at all times fully collateralized
with cash, U.S. government securities, or such other collateral as the Depositary determines in good faith, will provide substantially
similar liquidity and security, (c) terminable by the Depositary on not more than five (5) business days notice, and (d) subject
to such further indemnities and credit regulations as the Depositary deems appropriate. The number of shares not deposited but
represented by American Depositary Shares outstanding at any time as a result of Pre-Releases will not normally exceed thirty percent
(30%) of the Shares deposited under the Deposit Agreement; <U>provided</U>, <U>however</U>, that the Depositary reserves the right
to disregard such limit from time to time as it deems reasonably appropriate, and may, with the prior written consent of the Company,
change such limit for purposes of general application. The Depositary will also set Dollar limits with respect to Pre-Release transactions
to be entered into hereunder with any particular Pre-Releasee on a case-by-case basis as the Depositary deems appropriate. For
purposes of enabling the depositary to fulfill its obligations to the Holders under the Deposit Agreement, the collateral referred
to in clause (b) above shall be held by the Depositary as security for the performance of such Pre-Releasee&rsquo;s obligations
to the Depositary in connection with a Pre-Release transaction, including such Pre-Releasee&rsquo;s obligation to deliver Shares
or Receipts upon termination of a Pre-Release transaction (and shall not, for the avoidance of doubt, constitute Deposited Securities
under the Deposit Agreement).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary may
retain for its own account any compensation received by it in connection with the foregoing.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">9.</TD><TD STYLE="text-align: justify">TITLE TO RECEIPTS.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">It is a condition
of this Receipt and every successive Holder of this Receipt by accepting or holding the same consents and agrees, that title to
this Receipt when properly endorsed or accompanied by proper instruments of transfer, is transferable by delivery with the same
effect as in the case of a negotiable instrument under the laws of New York; <U>provided</U>, <U>however</U>, that the Depositary
and the Company, notwithstanding any notice to the contrary, may treat the person in whose name this Receipt is registered on the
books of the Depositary as the absolute owner hereof for the purpose of determining the person entitled to distribution of dividends
or other distributions or to any notice provided for in the Deposit Agreement or for all other purposes and neither the Company
nor the Depositary shall have any obligation or be subject to any liability under the Deposit Agreement to any Beneficial Owner
of a Receipt unless such Beneficial Owner is the Holder thereof.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">10.</TD><TD STYLE="text-align: justify">VALIDITY OF RECEIPT.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">This Receipt shall
not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall
have been executed by the Depositary by the manual signature of a duly authorized signatory of the Depositary; <U>provided</U>,
<U>however</U>, that such signature may be a facsimile if a Registrar for the Receipts shall have been appointed and such Receipts
are countersigned by the manual signature of a duly authorized officer of the Registrar.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">11.</TD><TD STYLE="text-align: justify">REPORTS; INSPECTION OF TRANSFER BOOKS.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Company is subject
to the periodic reporting requirements of the Securities Exchange Act of 1934 applicable to foreign private issuers, and, accordingly,
files certain reports with the Commission. Such reports will be available for inspection by Holders and Beneficial Owners at the
public reference facilities maintained by the Commission located at 450 Fifth Street, N.W., Washington, D.C. 20549.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary will
make available for inspection by Holders of Receipts at its Corporate Trust Office any reports, notices, and communications, including
any proxy soliciting material, received from the Company which are both (a)&nbsp;received by the Depositary, the Custodian or a
nominee of either as the holder of the Deposited Securities and (b)&nbsp;made generally available to the holders of such Deposited
Securities by the Company. The Depositary will also send to Holders of Receipts copies of such reports, notices and communications
when furnished by the Company pursuant to the Deposit Agreement. Any such reports, notices and communications, including any such
proxy soliciting material, furnished to the Depositary by the Company shall be furnished in English to the extent such materials
are required to be translated into English pursuant to any regulations of the Commission applicable to the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary will
promptly make such notices, reports and other communications available to all Owners on a basis similar to that for holders of
Shares or other Deposited Securities, or on such other basis as the Company may advise the Depositary it may be required by any
applicable law, regulation or stock exchange or automated inter-dealer quotation system requirement or, at the written request
and expense of the Company, promptly arrange for the mailing of copies thereof (or if requested by the Company, a summary of any
such notice provided by the Company) to all Owners. The Company will timely provide the Depositary with the quantity of such notices,
reports, and communications, as requested by the Depositary from time to time, in order for the Depositary to effect any such mailings.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary will
keep books, at its Corporate Trust Office, for the registration of Receipts and transfers of Receipts which at all reasonable times
shall be open for inspection by the Holders, <U>provided</U> that such inspection shall not be for the purpose of communicating
with Holders in the interest of a business or object other than the business of the Company or a matter related to the Deposit
Agreement, the Deposited Securities, the Estatutos or this Receipts.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">12.</TD><TD STYLE="text-align: justify">DIVIDENDS AND DISTRIBUTIONS.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Whenever the Depositary
or on its behalf, its agent, receives any cash dividend or other cash distribution on any Deposited Securities, the Depositary
will, or will cause its agent to, if at the time of receipt thereof any amounts received in a foreign currency can, pursuant to
applicable law, be converted on a reasonable basis into United States dollars transferable to the United States, and subject to
the Deposit Agreement, convert such dividend or distribution into dollars, transfer such dollars to the United States and distribute,
as promptly as practicable, the amount thus received (net of the fees and expenses of the Depositary as provided in Article&nbsp;7
hereof and Section&nbsp;5.09 of the Deposit Agreement) to the Holders of Receipts entitled thereto; <U>provided</U>, <U>however</U>,
that in the event that the Company, the Custodian or the Depositary is required to withhold and does withhold from such cash dividend
or other cash distribution in respect of any Deposited Securities an amount on account of taxes, the amount distributed to the
Holders of the Receipts evidencing American Depositary Shares representing such Deposited Securities shall be reduced accordingly.
The Depositary shall distribute only such amounts as can be distributed without attributing to any Holder of Receipts a fraction
of one cent. Any such fractional amounts shall be rounded to the nearest whole cent and so distributed to Holders entitled thereto.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Subject to the provisions
of Section&nbsp;4.11 and 5.09 of the Deposit Agreement, whenever the Depositary receives any distribution other than a distribution
described in Section&nbsp;4.01, 4.03 or 4.04 of the Deposit Agreement, the Depositary shall, as promptly as practicable, cause
the securities or property received by it to be distributed to the Holders entitled thereto, in proportion to the number of American
Depositary Shares representing such Deposited Securities held by each of them respectively, in any manner that the Depositary may
deem equitable and practicable for accomplishing such distribution; <U>provided</U>, <U>however</U>, that if in the opinion of
the Depositary such distribution cannot be made proportionately among the Holders of Receipts entitled thereto, or if for any other
reason the Depositary deems such distribution not to be feasible, the Depositary may, after consultation with the Company, adopt
such method as it may deem equitable and practicable for the purpose of effecting such distribution, including, but not limited
to, the public or private sale of the securities or property thus received, or any part thereof, and the net proceeds of any such
sale (net of the fees and expenses of the Depositary as provided in Article&nbsp;7 hereof and Section&nbsp;5.09 of the Deposit
Agreement) shall be distributed by the Depositary to the Holders of Receipts entitled thereto as in the case of a distribution
received in cash, all in the manner and subject to the conditions described in Section 4.01 of the Deposit Agreement. To the extent
such securities or property or the net proceeds thereof are not distributed to Holders as provided in Section 4.02 of the Deposit
Agreement, the same shall constitute Deposited Securities and each American Depositary Share shall thereafter also represent its
proportionate interest in such securities, property or net proceeds.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If any distribution
consists of a dividend in, or free distribution of, Shares, the Depositary may, and shall if the Company shall so request, distribute,
as promptly as practicable, to the Holders of outstanding Receipts entitled thereto, in proportion to the number of American Depositary
Shares representing such Deposited Securities held by each of them respectively, additional Receipts evidencing an aggregate number
of American Depositary Shares representing the amount of Shares received as such dividend or free distribution subject to the terms
and conditions of the Deposit Agreement with respect to the deposit of Shares and the issuance of American Depositary Shares evidenced
by Receipts, including the withholding of any tax or other governmental charge as provided in Section 4.11 of the Deposit Agreement
and the payment of the fees and expenses of the Depositary as provided in Article&nbsp;7 hereof and Section&nbsp;5.09 of the Deposit
Agreement. In lieu of delivering Receipts for fractional American Depositary Shares in any such case, the Depositary will sell
the amount of Shares represented by the aggregate of such fractions and distribute the net proceeds, all in the manner and subject
to the conditions described in Section 4.01 of the Deposit Agreement. If additional Receipts are not so distributed, each American
Depositary Share shall thenceforth also represent the additional Shares distributed upon the Deposited Securities represented thereby.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In the event that
the Depositary determines that any distribution in property other than cash (including Shares and rights to subscribe therefor)
is subject to any tax or other governmental charge which the Depositary is obligated to withhold, the Depositary may by public
or private sale dispose of all or a portion of such property (including Shares and rights to subscribe therefor) in such amounts
and in such manner as the Depositary deems necessary and practicable to pay such taxes or charges and the Depositary shall distribute
the net proceeds of any such sale after deduction of such taxes or charges to the Holders entitled thereto.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">13.</TD><TD STYLE="text-align: justify">RIGHTS.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In the event that
the Company shall offer or cause to be offered to the holders of any Deposited Securities any rights to subscribe for additional
Shares or any rights of any other nature, the Depositary, after consultation with the Company, shall have discretion as to the
procedure to be followed in making such rights available to any Holders or in disposing of such rights on behalf of any Holders
and making the net proceeds available to such Holders or, if by the terms of such rights offering or for any other reason, it would
be unlawful for the Depositary to either make such rights available to any Holders or to dispose of such rights and make the net
proceeds available to such Holders , then the Depositary shall allow the rights to lapse. If at the time of the offering of any
rights the Depositary determines that it is lawful and feasible to make such rights available to all or certain Holders but not
to other Holders , the Depositary may (after consultation with the Company), and at the request of the Company shall, distribute
to any Holder to whom it determines the distribution to be lawful and feasible, in proportion to the number of American Depositary
Shares held by such Holder, warrants or other instruments therefor in such form as it deems appropriate.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In circumstances in
which rights would otherwise not be distributed, if an Holder requests the distribution of warrants or other instruments in order
to exercise the rights allocable to the American Depositary Shares of such Holder hereunder, the Depositary will promptly make
such rights available to such Holder upon written notice from the Company to the Depositary that (a)&nbsp;the Company has elected
in its sole discretion to permit such rights to be exercised and (b)&nbsp;such Holder has executed such documents as the Company
has determined in its sole discretion are reasonably required under applicable law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If the Depositary
has distributed warrants or other instruments for rights to all or certain Holders , then upon instruction from such an Holder
pursuant to such warrants or other instruments to the Depositary to exercise such rights, upon payment by such Holder to the Depositary
for the account of such Holder of an amount equal to the purchase price of the Shares to be received upon the exercise of the rights,
and upon payment of the fees and expenses of the Depositary and any other charges as set forth in such warrants or other instruments,
the Depositary shall, on behalf of such Holder, exercise the rights and purchase the Shares, and the Company shall cause the Shares
so purchased to be delivered to the Depositary on behalf of such Holder. As agent for such Owner, the Depositary will cause the
Shares so purchased to be deposited pursuant to Section&nbsp;2.02 of the Deposit Agreement, and shall, pursuant to Section&nbsp;2.03
of the Deposit Agreement, execute and deliver Receipts to such Owner. In the case of a distribution pursuant to the second paragraph
of this Article&nbsp;13, such Receipts shall be legended in accordance with applicable U.S. laws, and shall be subject to the appropriate
restrictions on sale, deposit, cancellation, and transfer under such laws.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If the Depositary
determines that it is not lawful and feasible to make such rights available to all or certain Holders , it will use its best efforts
that are reasonable under the circumstances to sell the rights, warrants or other instruments in proportion to the number of American
Depositary Shares held by the Holders to whom it has determined it may not lawfully and feasibly make such rights available, and
allocate the net proceeds of such sales (net of the fees and expenses of the Depositary as provided in Section&nbsp;5.09 of the
Deposit Agreement and all taxes and governmental charges payable in connection with such rights and subject to the terms and conditions
of the Deposit Agreement) for the account of such Holders otherwise entitled to such rights, warrants or other instruments, upon
an averaged or other practical basis without regard to any distinctions among such Holders because of exchange restrictions or
the date of delivery of any Receipt or otherwise. Such proceeds shall be distributed as promptly as practicable, in accordance
with Section 4.01 of the Deposit Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If a registration
statement under the Securities Act of 1933 is required with respect to the securities to which any rights relate in order for the
Company to offer such rights to Holders and sell the securities represented by such rights, the Depositary will not offer rights
to Holders unless and until such a registration statement is in effect, or unless the offering and sale of such securities and
such rights to such Holders are exempt from registration under the Securities Act of 1933; <U>provided</U>, <U>however</U>, that
nothing herein or in the Deposit Agreement shall create, or shall be construed as creating, any obligation on the part of the Company
to file a registration statement with respect to such rights or underlying securities or to endeavor to have such a registration
statement under the Securities Act of 1933 declared effective. If an Holder of Receipts requests the distribution of warrants or
other instruments, notwithstanding that there has been no such registration under such Act, the Depositary shall not effect such
distribution unless it has received an opinion from recognized counsel in the United States for the Company upon which the Depositary
may rely that such distribution to such Owner is exempt from such registration.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary shall
not be responsible for any failure to determine that it may be lawful or feasible to make such rights available to Holders in general
or any Holder in particular.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">14.</TD><TD STYLE="text-align: justify">CONVERSION OF FOREIGN CURRENCY.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Whenever the Depositary
or the Custodian shall receive foreign currency, by way of dividends or other distributions or the net proceeds from the sale of
securities, property or rights, and if at the time of the receipt thereof the foreign currency so received can, pursuant to applicable
law, be converted on a reasonable basis into Dollars and the resulting Dollars transferred to the United States, the Depositary
shall, subject to the Foreign Exchange and Investment Contract and applicable laws and regulations, convert or cause to be converted,
by sale or in any other manner that it may determine, such foreign currency into Dollars, and such Dollars shall be distributed,
as promptly as practicable, to the Holders entitled thereto or, if the Depositary shall have distributed any warrants or other
instruments which entitle the holders thereof to such Dollars, then to the holders of such warrants and/or instruments upon surrender
thereof for cancellation. Such distribution may be made upon an averaged or other practicable basis without regard to any distinctions
among Holders on account of exchange restrictions, the date of delivery of any Receipt or otherwise and shall be net of any expenses
of conversion into Dollars incurred by the Depositary or the Custodian as provided in Section&nbsp;5.09 of the Deposit Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary will
exercise its rights under the Foreign Exchange and Investment Contract as and to the extent appropriate in order to effect such
conversions and distributions, and is authorized to give such certifications, and enter into such agreements and arrangements,
as may be necessary or convenient thereunder or in connection therewith, provided, however, that the Depositary will not be obligated
to incur any material expense in connection therewith or to take any action that would subject it to any expense, liability or
civil or criminal penalty or sanction or civil or criminal proceedings, unless satisfactory indemnity is furnished with respect
thereto.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If such conversion
with regard to a particular Holder or distribution can be effected only with the approval or license of any government or agency
thereof other than the Foreign Exchange and Investment Contract and the approvals contemplated thereby, the Depositary, as promptly
as practicable, shall file such application for approval or license, if any, as is reasonably necessary to effect such conversion
or distribution; <U>provided</U>, <U>however</U>, that the Depositary shall be entitled to rely upon Chilean local counsel in such
matter, which counsel shall be instructed to act as promptly as possible.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If at any time the
Depositary shall determine that in its reasonable judgment any foreign currency received by the Depositary or the Custodian is
not convertible on a reasonable basis into Dollars transferable to the United States, or if any approval or license of any government
or agency thereof which is required for such conversion is denied or in the reasonable judgment of the Depositary is not obtainable,
or if any such approval or license is not obtained within a reasonable period as determined by the Depositary, the Depositary may
distribute the foreign currency (or an appropriate document evidencing the right to receive such foreign currency) received by
the Depositary to, or in its discretion may hold such foreign currency uninvested and without liability for interest thereon for
the respective accounts of, the Holders entitled to receive the same.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If any such conversion
of foreign currency, in whole or in part, cannot be effected for distribution to some of the Holders entitled thereto, the Depositary
may in its discretion make such conversion and distribution in Dollars to the extent permissible to the Holders entitled thereto
and may distribute the balance of the foreign currency received by the Depositary to, or hold such balance uninvested and without
liability for interest thereon for the respective accounts of, the Holders entitled thereto.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">15.</TD><TD STYLE="text-align: justify">RECORD DATES.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Whenever any cash
dividend or other cash distribution shall become payable or any distribution other than cash shall be made, or whenever rights
shall be issued with respect to the Deposited Securities, or whenever the Depositary shall receive notice of any meeting of holders
of Shares or other Deposited Securities, or whenever for any reason the Depositary causes a change in the number of Shares that
are represented by each American Depositary Share, the Depositary shall fix a record date, which date shall, (x)&nbsp;be the same
date as the record date determined by the Company in accordance with Chilean law, if any, to the extent practicable, or (y)&nbsp;if
different from the record date determined by the Company, be as near as practicable to the record date determined by the Company
or, if more than five (5) Business Days after such record date, be determined after consultation with the Company (a)&nbsp;for
the determination of the Holders of Receipts who shall be (i)&nbsp;entitled to receive such dividend, distribution or rights or
the net proceeds of the sale thereof, (ii)&nbsp;entitled to give instructions for the exercise of voting rights at any such meeting
or (iii)&nbsp;responsible for any fee assessed by the Depositary pursuant to the Deposit Agreement, or (b)&nbsp;on or after which
each American Depositary Share will represent the changed number of Shares, or (c) for any other reason, subject to the provisions
of the Deposit Agreement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">16.</TD><TD STYLE="text-align: justify">VOTING OF DEPOSITED SECURITIES.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Upon receipt of notice
of any meeting or solicitation of proxies of holders of Shares or other Deposited Securities, if requested in writing by the Company,
the Depositary shall, as soon as practicable thereafter, mail to the Holders of Receipts a notice, the form of which notice shall
be in the discretion of the Depositary and shall comply with any applicable provisions of Chilean law of which the Company has
notified the Depositary that govern the form of such notice, which shall contain (a)&nbsp;such information as is contained in such
notice of meeting received by the Depositary from the Company together with a summary in English or such information provided by
the Company, (b)&nbsp;a statement that the Holders of Receipts as of the close of business on a specified record date will be entitled,
subject to any applicable provision of Chilean law, the <I>Estatutos</I> and the provisions of the Deposited Securities, to instruct
the Depositary as to the exercise of the voting rights, if any, pertaining to the amount of Shares or other Deposited Securities
represented by their respective American Depositary Shares, (c) a statement as to the manner in which such instructions will be
given, including an express indication that such instructions may be deemed given in accordance with next paragraph if no instruction
is received, to the Depositary to give a discretionary proxy to the Chairman of the Board of Directors of the Company (or to a
person designated by such Chairman). Upon the written request of an Holder of a Receipt on such record date, received on or before
the date established by the Depositary for such purpose, the Depositary shall endeavor, insofar as practicable, to vote or cause
to be voted the amount of Shares or other Deposited Securities represented by such American Depositary Shares evidenced by such
Receipt in accordance with the instructions set forth in such request. The Depositary shall not vote or attempt to exercise the
right to vote that attaches to the Shares or other Deposited Securities, other than in accordance with such instructions or deemed
instructions.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If no instructions
are received by the Depositary from any Holder with respect to any of the Deposited Securities represented by the American Depositary
Shares evidenced by such Holder&rsquo;s Receipts on or before the date established by the Depositary for such purpose, the Depositary
shall deem such Holder to have instructed the Depositary to give a discretionary proxy to the Chairman of the Board of Directors
of the Company (or to a person designated by such Chairman) with respect to such Deposited Securities and the Depositary shall
give such a discretionary proxy to vote such Deposited Securities, <U>provided</U>, that no such instruction shall be deemed given
and no such discretionary proxy shall be given with respect to any matter as to which the Company informs the Depositary (and the
Company agrees to provide such information as promptly as practicable in writing) that the Chairman of the Board of Directors of
the Company (or his/her designee) does not wish such proxy given; and <U>provided</U>, <U>further</U>, however, that the Shares
or other Deposited Securities shall in such event be counted for the purpose of satisfying applicable quorum requirements unless
the Chairman of the Board of Directors of the Company (or his/her designee) determines otherwise.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">17.</TD><TD STYLE="text-align: justify">CHANGES AFFECTING DEPOSITED SECURITIES.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In circumstances where
the provisions of Section&nbsp;4.03 of the Deposit Agreement do not apply, upon any change in nominal value, change in par value,
split-up, consolidation, or any other reclassification of Deposited Securities, or upon any recapitalization, reorganization, merger
or consolidation, or sale of assets affecting the Company or to which it is a party, any securities which shall be received by
the Depositary or a Custodian in exchange for or in conversion of or in respect of Deposited Securities shall be treated as new
Deposited Securities under the Deposit Agreement, and American Depositary Shares shall thenceforth represent, in addition to the
existing Deposited Securities, the right to receive the new Deposited Securities so received in exchange or conversion, unless
additional Receipts are delivered pursuant to the following sentence. In any such case the Depositary may, and shall, if the Company
so requests, execute and deliver additional Receipts as in the case of a dividend in Shares, or call for the surrender of outstanding
Receipts to be exchanged for new Receipts specifically describing such new Deposited Securities. If requested in writing by the
Company, upon occurrence of any such change, conversion or exchange covered by Section&nbsp;4.08 of the Deposit Agreement in respect
of Deposited Securities, the Depositary shall give notice thereof in writing to all Holders , at the Company&rsquo;s expense (unless
otherwise agreed in writing by the Company and the Depositary).</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">18.</TD><TD STYLE="text-align: justify">LIABILITY OF THE COMPANY AND DEPOSITARY.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Neither the Depositary
nor the Company nor any of their respective directors, employees, agents or affiliates shall incur any liability to any Holder
or Beneficial Owner, if by reason of any provision of any present or future law or regulation of the United States, Chile or any
other country, or of any other governmental or regulatory authority or stock exchange (including any action by the Central Bank
under the Foreign Exchange and Investment Contract), or by reason of any provision, present or future, of the Estatutos or the
Deposited Securities, or by reason of any provision of any securities issued or distributed by the Company, or any offering or
distribution thereof, or by reason of any act of God or war or other circumstances beyond its control, the Depositary or the Company
shall be prevented, delayed or forbidden from or be subject to any civil or criminal penalty on account of doing or performing
any act or thing which by the terms of the Deposit Agreement, the Foreign Exchange and Investment Contract, the Estatutos or Deposited
Securities it is provided shall be done or performed; nor shall the Depositary or the Company or any of their respective directors,
employees, agents or affiliates incur any liability to any Holder or Beneficial Owner of a Receipt by reason of any non-performance
or delay, caused as aforesaid, in the performance of any act or thing which by the terms of the Deposit Agreement it is provided
shall or may be done or performed, or by reason of any exercise of, or failure to exercise, any discretion provided for in the
Deposit Agreement. Where, by the terms of a distribution pursuant to Sections&nbsp;4.01, 4.02 or 4.03 of the Deposit Agreement,
or an offering or distribution pursuant to Section&nbsp;4.04 of the Deposit Agreement, or for any other reason, the Depositary
is prevented or prohibited from making such distribution or offering available to Holders , and the Depositary is prevented or
prohibited from disposing of such distribution or offering on behalf of such Holders and making the net proceeds available to such
Holders, then the Depositary, after consultation with the Company, shall not make such distribution or offering, and shall allow
any rights, if applicable, to lapse. Neither the Company nor the Depositary assumes any obligation or shall be subject to any liability
under the Deposit Agreement to Holders or Beneficial Owners of Receipts, except that they agree to perform their obligations specifically
set forth in the Deposit Agreement without negligence or bad faith. The Depositary shall not be subject to any liability with respect
to the validity or worth of the Deposited Securities. Neither the Depositary nor the Company shall be under any obligation to appear
in, prosecute or defend any action, suit, or other proceeding in respect of any Deposited Securities or in respect of the Receipts,
which in its opinion may involve it in expense or liability, unless indemnity satisfactory to it against all expense and liability
shall be furnished as often as may be required, and the Custodian shall not be under any obligation whatsoever with respect to
such proceedings, the responsibility of the Custodian being solely to the Depositary. Neither the Depositary nor the Company shall
be liable for any action or nonaction by it in reliance upon the advice of or information from legal counsel, accountants, any
person presenting Shares for deposit, any Holder or Beneficial Owner of a Receipt, or any other person believed by it in good faith
to be competent to give such advice or information. The Depositary shall not be responsible for any failure to carry out any instructions
to vote any of the Deposited Securities, or for the manner in which any such vote is cast or the effect of any such vote, provided
that any such action is without negligence or bad faith. The Depositary shall not be liable for any acts or omissions made by a
successor depositary whether in connection with a previous act or omission of the Depositary or in connection with a matter arising
wholly after the removal or resignation of the Depositary, provided that in connection with the issue out of which such potential
liability arises, the Depositary performed its obligations without negligence or bad faith while it acted as Depositary. The Company
agrees to indemnify the Depositary, its directors, employees, agents and affiliates and any Custodian against, and hold each of
them harmless from, any liability or expense (including, but not limited to, the reasonable fees and expenses of counsel) which
may arise out of acts performed or omitted, pursuant to the provisions of the Deposit Agreement and of the Receipts, as the same
may be amended, modified or supplemented from time to time, (i) by either the Depositary or a Custodian or their respective directors,
employees, agents and affiliates, except for any liability or expense arising out of the negligence or bad faith of any such person
and except to the extent that such liability or expense arises out of information relating to the Depositary or the Custodian,
as applicable, furnished in writing to the Company by the Depositary or the Custodian, as applicable, expressly for use in any
registration statement, proxy statement, prospectus (or placement memorandum) or preliminary prospectus (or preliminary placement
memorandum) relating to the offer or sale of American Depositary Shares, or omissions from such information, or (ii) by the Company
or any of its directors, employees, agents and affiliates. No disclaimer of liability under the Securities Act of 1933 is intended
by any provision of the Deposit Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The indemnities contained
in the preceding paragraph shall not extend to any liability or expense which arises solely and exclusively out of a Pre-Release
(as defined in Section 2.09 of the Deposit Agreement) of a Receipt or Receipts and which would not otherwise have arisen had such
Receipt or Receipts not been the subject of a Pre-Release; <U>provided</U>, <U>however</U>, that the indemnities provided in the
preceding paragraph shall apply to any such liability or expense (i)&nbsp;to the extent that such liability or expense would have
arisen had a Receipt or Receipts not been the subject of a Pre-Release, or (ii)&nbsp;which may arise out of any misstatement or
alleged misstatement or omission or alleged omission in any registration statement, proxy statement, prospectus (or placement memorandum),
or preliminary prospectus (a preliminary placement memorandum) relating to the offer or sale of American Depositary Shares, except
to the extent any such liability arises out of (a)&nbsp;information relating to the Depositary or any Custodian, as applicable,
furnished in writing to the Company by the Depositary or any Custodian, as applicable, expressly for use in any of the foregoing
documents and not materially changed or altered by the Company, or (b)&nbsp;if such information is provided, the failure to state
a material fact necessary to make the information provided not misleading.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">19.</TD><TD STYLE="text-align: justify">RESIGNATION AND REMOVAL OF THE DEPOSITARY; APPOINTMENT OF SUCCESSOR CUSTODIAN.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary may
at any time resign as Depositary under the Deposit Agreement by written notice of its election so to do delivered to the Company,
such resignation to take effect upon the appointment of a successor depositary and its acceptance of such appointment as provided
in the Deposit Agreement. The Depositary may at any time be removed by 30 days notice by the Company by written notice of such
removal to become effective upon the later of (i) the 30<SUP>th</SUP> day after delivery of the notice to the Depositary or (ii)
the appointment of a successor depositary and its acceptance of such appointment as provided in the Deposit Agreement. Whenever
the Depositary in its discretion determines that it is in the best interest of the Holders of Receipts to do so, it may, after
consultation with the Company to the extent practicable, appoint a substitute or additional custodian or custodians subject to
the provisions of the Deposit Agreement.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.75in">20.</TD><TD STYLE="text-align: justify">AMENDMENT.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The form of the Receipts
and any provisions of the Deposit Agreement may at any time and from time to time be amended by agreement between the Company and
the Depositary without the consent of Holders or Beneficial Owners of Receipts in any respect which they may deem necessary or
desirable. Any amendment which shall impose or increase any fees or charges (other than taxes and other governmental charges, registration
fees and cable, telex or facsimile transmission costs, delivery costs or other such expenses), or which shall otherwise prejudice
any substantial existing right of Holders of Receipts, shall, however, not become effective as to outstanding Receipts until the
expiration of thirty (30) days after notice of such amendment shall have been given to the Holders of outstanding Receipts. Every
Holder of a Receipt at the time any amendment so becomes effective shall be deemed, by continuing to hold such Receipt or any interest
therein, to consent and agree to such amendment and to be bound by the Deposit Agreement as amended thereby. In no event shall
any amendment impair the right of the Holder of any Receipt to surrender such Receipt and receive therefor the Deposited Securities
represented thereby, except in order to comply with mandatory provisions of applicable law.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: normal 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">21.</TD><TD STYLE="text-align: justify">TERMINATION OF DEPOSIT AGREEMENT.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary at
any time at the direction of the Company, shall terminate the Deposit Agreement by mailing notice of such termination to the Holders
of all Receipts then outstanding at least 30 days prior to the date fixed in such notice for such termination. The Depositary may
likewise terminate the Deposit Agreement by mailing notice of such termination to the Company and the Holders of all Receipts then
outstanding, such termination to be effective on a date specified in such notice not less than 90 days after the date thereof if
at any time 90 days shall have expired after the Depositary shall have delivered to the Company a written notice of its election
to resign and a successor depositary shall not have been appointed and accepted its appointment as provided in the Deposit Agreement.
On and after the date of termination, the Holder of a Receipt will, upon (a) surrender of such Receipt at the Corporate Trust Office
of the Depositary, (b) payment of the fee of the Depositary for the surrender of Receipts referred to in Section 2.05 of the Deposit
Agreement, and (c) payment of any applicable taxes or governmental charges, be entitled to delivery, to the Owner or upon the Owner&rsquo;s
order, of the amount of Deposited Securities represented by the American Depositary Shares evidenced by such Receipt. If any Receipts
shall remain outstanding after the date of termination, the Depositary thereafter shall discontinue the registration of transfers
of Receipts, shall suspend the distribution of dividends to the Holders thereof, and shall not give any further notices or perform
any further acts under the Deposit Agreement, except that the Depositary shall continue to collect dividends and other distributions
pertaining to Deposited Securities, shall sell rights and other property as provided in the Deposit Agreement, and shall continue
to deliver Deposited Securities, together with any dividends or other distributions received with respect thereto and the net proceeds
of the sale of any rights or other property, in exchange for Receipts surrendered to the Depositary (after deducting, in each case,
the fee of the Depositary for the surrender of a Receipt, any expenses for the account of the Holder of such Receipt in accordance
with the terms and conditions of the Deposit Agreement, and any applicable taxes or governmental charges). At any time after the
expiration of one year from the date of termination, the Depositary may sell the Deposited Securities then held under the Deposit
Agreement and may thereafter hold uninvested the net proceeds of any such sale, together with any other cash then held by it thereunder,
unsegregated and without liability for interest, for the pro rata benefit of the Holders of Receipts which have not theretofore
been surrendered, such Holders thereupon becoming general creditors of the Depositary with respect to such net proceeds and such
other cash. After making such sale, the Depositary shall be discharged from all obligations under the Deposit Agreement, except
to account for such net proceeds and other cash (after deducting, in each case, the fee of the Depositary for the surrender of
a Receipt, any expenses for the account of the Holder of such Receipt in accordance with the terms and conditions of the Deposit
Agreement, and any applicable taxes or governmental charges). Upon the termination of the Deposit Agreement, the Company shall
be discharged from all obligations under the Deposit Agreement except for its obligations to the Depositary with respect to indemnification,
charges, and expenses.</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">22.</TD><TD STYLE="text-align: justify">SUBMISSION TO JURISDICTION; WAIVER OF IMMUNITIES.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In the Deposit Agreement,
the Company has (i) appointed CT Corporation System, 1633 Broadway, New York, New York 10038, as the Company&rsquo;s authorized
agent upon which process may be served in any suit or proceeding arising out of or relating to the Shares or Deposited Securities,
the American Depositary Shares, the Receipts or the Deposit Agreement which may be instituted in any United States federal or New
York State court sitting in the Borough of Manhattan, The City of New York, (ii) consented and submitted to the non-exclusive jurisdiction
of any such court in the Borough of Manhattan, City of New York, with respect to any such suit or proceeding, and (iii) agreed
that service of process upon said authorized agent shall be deemed in every respect effective service of process upon the Company
in any such suit or proceeding.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">To the extent that
the Company or any of its properties, assets or revenues may have or hereafter become entitled to, or have attributed to it, any
right of immunity, on the grounds of sovereignty or otherwise, from any legal action, suit or proceeding, from the giving of any
relief in any respect thereof, from setoff or counterclaim, from the jurisdiction of any court, from service of process, from attachment
upon or prior to judgment, from attachment in aid of execution or judgment, or other legal process or proceeding for the giving
of any relief or for the enforcement of any judgment, in any jurisdiction in which proceedings may at any time be commenced, with
respect to its obligations, liabilities or any other matter under or arising out of or in connection with the Shares or Deposited
Securities, the American Depositary Shares, the Receipts or the Deposit Agreement, the Company, to the fullest extent permitted
by law, hereby irrevocably and unconditionally waives, and agrees not to plead or claim, any such immunity and consents to such
relief and enforcement.</P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">23.</TD><TD STYLE="text-align: justify">COMPLIANCE WITH CHILEAN LAW.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">It is acknowledged
in the Deposit Agreement that pursuant to a Circular Letter of the SVS dated June&nbsp;28, 1990, as in effect as of the date of
the Deposit Agreement, Holders are deemed, for certain purposes of Chilean law, to be holders of Deposited Securities. Accordingly,
Holders are, as a matter of Chilean law, obligated to comply with the requirements of Articles&nbsp;12 and 54 and Title&nbsp;XV
of Law&nbsp;18,045 of Chile. Article 12, as in effect on the date of the Deposit Agreement, requires that, among other things,
Holders report within five days after the consummation of a transaction resulting in (a) or (b) below to the SVS and the stock
exchanges in Chile on which the Shares are listed:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">any direct or indirect acquisition or sale of Receipts that results in the Holder acquiring or
disposing of, directly or indirectly, the right to own 10% or more of the total share capital of the Company; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">any direct or indirect acquisition or sale of Receipts or Shares or options to buy or sell Receipts,
in any amount, made by (i)&nbsp;an Holder that owns Receipts representing 10% or more of the Shares or (ii)&nbsp;a director, general
manager or manager of the Company.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Article 54, as in
effect as of the date of the Deposit Agreement, requires that, among other things, any Holder intending to acquire control, directly
or indirectly (as defined in Title XV of Law 18,045) of the Company (a)&nbsp;publish a notice of such intention in a newspaper
in Chile disclosing the price and terms of any such acquisition at least five days prior to the actual acquisition and (b)&nbsp;send
a written notice of such intention to the SVS and the stock exchanges in Chile on which the Shares are listed prior to such publication.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">It is acknowledged
in the Deposit Agreement that, under Chilean law as in effect on the date thereof, an Owner subject to the requirements of Articles
12 and 54 and Title XV of Law 18,045 of Chile who violates or fails to comply with the requirements described above and with any
regulations of the SVS is subject to an administrative fine to be determined by the SVS and is obligated to indemnity any person
against damages incurred as a result of such violation or noncompliance.</P>

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<FILENAME>emboopina.htm
<DESCRIPTION>OPINION OF DEPOSITARY'S COUNSEL
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    <TD STYLE="width: 27%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: left">Writer&rsquo;s Direct Dial</P>
        <P STYLE="font: 7pt Times New Roman, Times, Serif; margin: 0; text-align: left"><FONT STYLE="font-variant: small-caps; text-transform: uppercase">&nbsp;</FONT></P></TD>
    <TD STYLE="width: 48%; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>EXHIBIT 4</U></B></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 17pt; font-variant: small-caps">Emmet,
        Marvin &amp; Martin,</FONT> <FONT STYLE="font-size: 14pt">LLP</FONT></P>
        <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-variant: small-caps">Counsellors
        at Law</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: center">_____</P>
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">120 Broadway</P>
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: 0.5pt">New York,
        New York 10271</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: center">_____</P>
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">(212) 238-3000</P>
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center">(212) 653-1760</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: center">_____</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Fax: (212) 238-3100</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Fax: (212) 653-1730</P>
        <P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="letter-spacing: 1pt">http://www.emmetmarvin.com</FONT></P></TD>
    <TD STYLE="width: 25%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center"><FONT STYLE="font-variant: small-caps">177
        Madison Avenue</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center"><FONT STYLE="font-variant: small-caps">Morristown,
        New Jersey 07960</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center"><FONT STYLE="font-variant: small-caps">(973)
        538-5600</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 3pt; text-align: center"><FONT STYLE="font-variant: small-caps">Fax:
        (973) 538-6448<BR STYLE="mso-special-character: line-break">
        <BR STYLE="mso-special-character: line-break">
        </FONT></P></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left">December 7, 2012</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Bank of New York Mellon,</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">as Depositary</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">101 Barclay Street</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">New York, New York, 10286</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 10%; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">Re:</TD>
    <TD STYLE="width: 90%; border-bottom: windowtext 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">American Depositary Shares representing Series A Shares of Embotelladora Andina S.A.</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We refer to the registration
statement to be filed on Form F-6 under the Securities Act of 1933 (the &quot;Registration Statement&quot;) by the legal entity
created by the agreement (the &quot;Deposit Agreement&quot;) for issuance of American Depositary Shares (&quot;ADSs&quot;), which
may be evidenced by American Depositary Receipts (&quot;ADRs&quot;), representing Series A shares of Embotelladora Andina S.A.,
for which you propose to act as Depositary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">We are of the opinion
that the ADSs covered by the Registration Statement, when issued in accordance with the terms of the Deposit Agreement, will, when
sold, be legally issued and will entitle the holders thereof to the rights specified in the Deposit Agreement and the ADRs.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">This opinion may
be used by you as an exhibit to the Registration Statement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 2pt 0 12pt 3in; text-align: justify">Very truly yours,</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 2pt 0 2pt 3in; text-align: justify"><U>/s/ EMMET, MARVIN &amp; MARTIN,
LLP</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 2pt 0 2pt 3in; text-align: justify">EMMET, MARVIN &amp; MARTIN, LLP</P>

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<FILENAME>emboa466.htm
<DESCRIPTION>RULE 466
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center">Exhibit 5</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Certification Under Rule 466</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Depositary, The Bank of New York Mellon,
represents and certifies the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">That it previously has filed a Registration Statement on Form F-6
(Embotelladora Andina S.A., Registration No. 333-12938) which the Commission declared effective, with terms of deposit identical
to the terms of deposit of this Registration Statement except for the number of foreign securities a Depositary Share represents.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">That its ability to designate the date and time of effectiveness
under Rule 466 has not been suspended.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 12pt 3in">THE BANK OF NEW YORK MELLON,<BR>
As Depositary</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">By: <U>/s/ Vincent J. Cahill, Jr.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">Name: Vincent J. Cahill, Jr.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in">Title: Managing Director</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>



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