-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 MWlrNuAN2CIQJy+0grQeKrGs002DLo5VAbG8psWjY13cSv/LuHnfwKYdZlA0Mp+L
 UI8ArFHNF30UWW65w4esZg==

<SEC-DOCUMENT>0001292814-11-000299.txt : 20110208
<SEC-HEADER>0001292814-11-000299.hdr.sgml : 20110208
<ACCEPTANCE-DATETIME>20110208085016
ACCESSION NUMBER:		0001292814-11-000299
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20101231
FILED AS OF DATE:		20110208
DATE AS OF CHANGE:		20110208

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNITED BREWERIES CO INC
		CENTRAL INDEX KEY:			0000888746
		STANDARD INDUSTRIAL CLASSIFICATION:	MALT BEVERAGES [2082]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14906
		FILM NUMBER:		11580532

	BUSINESS ADDRESS:	
		STREET 1:		AHUMADA 131
		CITY:			SANTIAGO CHILE
		STATE:			F3
		ZIP:			00000
		BUSINESS PHONE:		2125305000

	MAIL ADDRESS:	
		STREET 1:		VITACURA 2670 23RD FL
		CITY:			SANTIAGO COUNTRY CHILE
		STATE:			F3
		ZIP:			NA
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ccupr4q10_6k.htm
<DESCRIPTION>CCU S.A. REPORTS CONSOLIDATED FOURTH QUARTER 2010 AND FULL YEAR RESULTS
<TEXT>

<HTML>
<HEAD>
   <TITLE>ccupr4q10_6k.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">


<A name="page_1"></A><BR>
<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%"><BR>
<P style="TEXT-ALIGN: center"><B>UNITED STATES<BR>
</B><B>SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</B></P>
<P style="TEXT-ALIGN: center">FORM 6-K</P>
<P style="TEXT-ALIGN: center">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Report of Foreign Issuer <BR>
Pursuant to Rule 13a-16 or 15d-16 of the <BR>
Securities Exchange Act of 1934</P>
<P style="TEXT-ALIGN: center"><B><U>COMPANIA CERVECERIAS UNIDAS S.A.<BR>
</U></B>(Exact name of Registrant as specified in its charter)<BR>
<B><U>UNITED BREWERIES COMPANY, INC.<BR>
</U></B>(Translation of Registrant&#146;s name into English)</P>
<P style="TEXT-ALIGN: center"><U>Republic of Chile <BR>
</U>(Jurisdiction of incorporation or organization)<BR>
<U>Vitacura 2670, 23</U><U><SUP>rd </SUP></U><U>floor, Santiago, Chile <BR>
</U>(Address of principal executive offices)<BR>
&nbsp;_________________________________________</P>
<P style="TEXT-ALIGN: center">Securities registered or to be registered pursuant to section 12(b) of the Act.</P>
<P style="TEXT-ALIGN: justify">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</P>
<P style="TEXT-ALIGN: center">Form 20-F <U>X </U>Form 40-F ___</P>
<P style="TEXT-ALIGN: justify">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</P>
<P style="TEXT-ALIGN: center">Yes ___ No <U>X</U></P>
<P style="TEXT-ALIGN: justify"><B><I>Attached is a press release of the Company dated&nbsp;February 8, 2011.</I></B></P>
</DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<A name="page_1"></A>
<a name="_bclPageBorder1"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader1"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">
<IMG src="x0.jpg" width=90 height=35>
&nbsp;</P>
</DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -304.8pt; MARGIN: 0in 0in 0pt 304.8pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>FOR IMMEDIATE RELEASE&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>For more information contact:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=PT-BR face=Arial,sans-serif>Rosita Covarrubias / Carolina Burgos </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=PT-BR face=Arial,sans-serif>Investor Relations Department</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=ES face=Arial,sans-serif>Compa&#241;&#237;a Cervecer&#237;as Unidas S.A.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=ES color=windowtext face=Arial,sans-serif>www.ccu-sa.com</FONT><FONT style="FONT-SIZE: 12pt" lang=ES face=Arial,sans-serif>; </FONT><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=ES color=windowtext face=Arial,sans-serif>www.ccu.cl</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>(56-2) 427-3581 / (56-2) 427-3104</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>CCU S.A. REPORTS CONSOLIDATED FOURTH QUARTER 2010 AND FULL YEAR RESULTS</FONT></U></B><SUP><U><FONT style="FONT-SIZE: 11.5pt" lang=EN-US face=Arial,sans-serif>(<FONT style="FONT-SIZE: 11pt" face=Arial>1</FONT></FONT></U></SUP><SUP><U><FONT style="FONT-SIZE: 11.5pt" lang=EN-US face=Arial,sans-serif>)</FONT></U></SUP></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: yellow; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="100%">
<P style="TEXT-ALIGN: center; MARGIN: 6pt 0in" align=center><B><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif>FOURTH QUARTER </FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif>Net sales up 8.3%, Operating result increases 15.0%, EBITDA</FONT></B><B><SUP><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif>(2)</FONT></SUP></B><B><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif> up 13.2%</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif>Net profit</FONT></B><B><SUP><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif>(3)</FONT></SUP></B><B><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif> up 12.5% to CLP 115.7 per share</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 6pt 0in" align=center><B><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif>FULL YEAR</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif>Net sales up 7.9%, Operating result increases 18.0%, EBITDA</FONT></B><SUP><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif><B>(2)</B></FONT></SUP><B><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif> up 14.2%</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 6pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif>Net profit</FONT></B><SUP><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif><B>(3)</B></FONT></SUP><B><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif> down 13.5% to CLP 347.6 per share</FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 92.2pt">
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: yellow; HEIGHT: 92.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="100%">
<P style="TEXT-ALIGN: center; MARGIN: 6pt 31.45pt 6pt 17.85pt" align=center><B><FONT style="BACKGROUND: yellow; FONT-SIZE: 12pt" face=Arial,sans-serif>FULL YEAR BEFORE </FONT></B><B><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif>NON RECURRING ITEMS (NRI)</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 31.45pt 6pt 17.85pt" align=center><B><FONT style="BACKGROUND: yellow; FONT-SIZE: 12pt" face=Arial,sans-serif>Operating result before NRI </FONT></B><B><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif>increases 13.0</FONT></B><B><FONT style="BACKGROUND: yellow; FONT-SIZE: 12pt" face=Arial,sans-serif>%, EBITDA<SUP>(2)</SUP> before NRI up </FONT></B><B><FONT style="FONT-SIZE: 12pt" color=black face=Arial,sans-serif>10.4</FONT></B><B><FONT style="BACKGROUND: yellow; FONT-SIZE: 12pt" face=Arial,sans-serif>%</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 31.45pt 0pt 17.85pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif>Net profit before NRI up 5.9% to CLP </FONT></B><B><FONT style="FONT-SIZE: 12pt" color=black face=Arial,sans-serif>338.8</FONT></B><B><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif> per share</FONT></B></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 31.45pt 0pt 17.85pt" align=center><B><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif></FONT></B>&nbsp;</P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>(Santiago, Chile, February 2, 2011) </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>-- CCU announced today its consolidated financial results under IFRS for the fourth quarter ended December 31, 2010. <SUP>(</SUP><FONT face=Arial><SUP>1)</SUP></FONT></FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 18.2pt">
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: #00007f; HEIGHT: 18.2pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="100%">
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 14pt" color=#ffffff face=Arial,sans-serif>COMMENTS FROM THE CEO</FONT></B></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>We are pleased with CCU&#146;s fourth quarter performance. The consolidated volumes grew 4.5% to 5.2 million Hectoliters, with the contribution of the following segments: Non alcoholic with 7.4%, Beer Argentina increased 6.5%, Spirits was up 5.9%, Beer Chile grew 1.6%, which all together more than compensated the 6.0% decrease in Wine volume. These volume variations are in line with the private consumption expansion derived from the Chilean GDP growth which, after the 4.8% and 6.2% for October and November, is expected to be 6% for the quarter. Notwithstanding, the growth of our volumes in Chile was moderated by a lower temperature </FONT>


<FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>than normal in December. Pursuant CCU&#146;s price increases disclosed in the third quarter&#146;s Press Release and the Non alcoholic beverages price increase implemented during November, the Q4 average price was 3.4% higher this year. As a consequence, Net sales increased 8.3%, to CLP 250,725 million.</FONT></P>
<HR align=left SIZE=1 width="33%">
<DIV id=ftn1><FONT lang=EN-US></FONT>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -7.1pt; MARGIN: 0in 0in 0pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<SUP><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Arial,sans-serif><SUP><FONT style="FONT-SIZE: 9pt" face=Arial>(</FONT>1)</SUP></FONT></SUP><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Arial,sans-serif>Statements made in this press release that relate to CCU&#146;s future performance or financial results are forward-looking statements, which involve known and unknown risks and uncertainties that could cause actual performance or results to materially differ. We undertake no obligation to update any of these statements. Persons reading this press release are cautioned not to place undue reliance on these forward-looking statements. These statements should be taken in conjunction with the additional information about risk and uncertainties set forth in CCU&#146;s annual report on Form 20-F filed with the US Securities and Exchange Commission and in the annual report submitted to the SVS and available in our web page.</FONT><FONT lang=EN-US></FONT></DIV>
<DIV id=ftn2><FONT lang=EN-US></FONT>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -7.1pt; MARGIN: 0in 0in 0pt 7.1pt"><SUP><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Arial,sans-serif><SUP><FONT style="FONT-SIZE: 9pt" face=Arial>(</FONT>2)</SUP></FONT></SUP><FONT style="FONT-SIZE: 9pt" lang=EN-GB face=Arial,sans-serif>EBITDA represents Operating result or EBIT plus depreciation and amortization. EBITDA is not a calculation based on IFRS principles. For more detail, please see full note before Exhibits.</FONT></P>
<FONT lang=EN-US></FONT></DIV>
<DIV id=ftn3><FONT lang=EN-US></FONT>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -7.1pt; MARGIN: 0in 0in 0pt 7.1pt"><SUP><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Arial,sans-serif><SUP><FONT style="FONT-SIZE: 9pt" face=Arial>(</FONT>3)</SUP></FONT></SUP><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Arial,sans-serif>Net profit attributable to parent company shareholders as per IFRS.</FONT></P>
<FONT lang=EN-US></FONT>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -7.1pt; MARGIN: 0in 0in 0pt 7.1pt"><SUP><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Arial,sans-serif>(4)</FONT></SUP><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Arial,sans-serif>All the comments below refers to Q4&#146;10 figures compared to Q4&#146;09.</FONT></P>
<FONT lang=EN-US></FONT>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -7.1pt; MARGIN: 0in 0in 0pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<FONT lang=EN-US></FONT></DIV>
<DIV id=ftn4><FONT lang=EN-US></FONT>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
<FONT lang=EN-US></FONT></DIV></HR>
<a name="_bclFooter1"></a><DIV>
<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-left: right; mso-element-top: .05pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">1</FONT></P>
</TD></TR></TABLE></DIV></DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_2"></A>
<a name="_bclPageBorder2"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader2"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">
<IMG src="x0.jpg" width=90 height=35>
</P>
</DIV>


<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>The Net profit increased 12.5% due to a higher operating margin, lower expenses as a percentage of Net sales and lower non-operating loss, partially compensated by higher taxes. EBITDA increased 13.2% to CLP 63,303 million and the EBITDA margin grew one percentage point, from 24.2% to 25.2%, mainly driven by margin improvement in the beer business in Chile and Argentina. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>The positive effect of the 7.3% Chilean peso appreciation in Q4&#146;10 in comparison to the same period last year helped to partially offset higher costs. However, the appreciation of the peso vis a vis the foreign currencies was detrimental for the wine export business.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>On December 27 the Company acquired a Cider business in Argentina in line with the Company&#146;s strategy to develop our multicategory business model in that country, to leverage our growing sales and distribution capabilities. For USD 13.2 million we obtained a controlling participation in S&#225;enz Briones and Sidra La Victoria, which have a combined estimated market share of 23% and an estimated EBITDA of USD 4 million. The yearly sales of both companies are 214 thousand hectoliters of cider and 31 thousand hectoliters of mostly other liquors. </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11.5pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Reflecting on 2010, we are very satisfied having delivered these results following the severe earthquake and tsunami that stroke Chile on February 27, causing damages in our beer and wine operations as well as inventory losses. We were able to resume production activities within a month and ended the year with a record of 17.3 million hectoliters sold, and the generation of an EBITDA of over CLP 200 billion, excluding NRI. We expect to reach a final settlement with the insurance companies in the first quarter of 2011 and to reflect the results in the reporting of the quarter. In the meantime, we maintain an account receivable for CLP 27,204 million against which we have received cash advances for CLP 21,722 million from the insurance companies. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Looking ahead, we will not only continue our efforts to grow and strengthen our current core business organically, but also to pursue actively a strategy of inorganic growth in beverage and food related businesses, domestically as well as in surrounding markets. &nbsp;</FONT></P>
<a name="_bclFooter2"></a><DIV>
<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-left: right; mso-element-top: .05pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">2</FONT></P>
</TD></TR></TABLE></DIV></DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_3"></A>
<a name="_bclPageBorder3"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader3"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">
<IMG src="x0.jpg" width=90 height=35>
</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 18.2pt">
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: #00007f; HEIGHT: 18.2pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="100%">
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 13.5pt" color=white face=Arial,sans-serif>CONSOLIDATED INCOME STATEMENT HIGHLIGHTS </FONT></B><FONT style="FONT-SIZE: 13.5pt" color=white face=Arial,sans-serif>(Exhibits 1 &amp; 2)</FONT></P>
</TD></TR></TABLE></DIV>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<H2 style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif>NET SALES</FONT></I></B></H2>
<P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Q4&#146;10</FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Net sales increased 8.3% to CLP 250,725 million as a result of 4.5% higher consolidated volumes and 3.4% higher average price. Volumes increased in the following segments: the Non-alcoholic beverages increased 7.4%, Beer Argentina was up by 6.5%, Spirits was 5.9% higher, our Beer segment in Chile achieved a 1.6% larger volume, which all together more than compensated the 6.0% decrease in Wine. The higher average price is mainly explained by a 10.2% increase in the average price of Beer in Argentina, 4.0% increase in Wine, 3.8% price increase in Beer Chile, 3.1% in Non-alcoholic beverages and 1.6% in Spirits. Prices increased due to changes in mix as well as a price list rises in previous quarters, in addition to price in
crease implemented during November in the Non-alcoholic segment.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>2010</FONT></I></B><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Accumulated Net sales increased 7.9% amounting to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>838,258 </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>million, as a result of 6.2% higher consolidated volumes and 1.9% higher average prices.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 14.2pt" align=center>
<IMG border=0 src="x2x0.gif" width=616 height=385>
</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 50.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; * Percentage calculations exclude &#147;Other/Eliminations&#148;</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 14.2pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<a name="_bclFooter3"></a><DIV>
<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-left: right; mso-element-top: .05pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">3</FONT></P>
</TD></TR></TABLE></DIV></DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_4"></A>
<a name="_bclPageBorder4"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader4"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">
<IMG src="x0.jpg" width=90 height=35>
</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-INDENT: 1.1pt; MARGIN: 0in 0in 0pt 178.9pt"><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Net sales by segment</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: left; MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
<TABLE style="WIDTH: 100%; FONT-FAMILY: '''''Times New Roman'''''; FONT-SIZE: 9pt" border=0 cellSpacing=0>
<TR>
     <TD width="40%"></TD>
     <TD width="12%"></TD>
     <TD width="12%"></TD>
     <TD width="12%"></TD>
     <TD width="12%"></TD>
     <TD width="12%"></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" rowSpan=2 align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=5 align=center><FONT size=2>Q4 (million CLP)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=2 align=center><B><FONT size=2>2010</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=2 align=center><FONT size=2>2009</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=center><FONT size=2>% Chg.</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Beer Chile</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>91,060</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>36.3%</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>86,777</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>37.5%</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>4.9%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Beer Argentina</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>50,687</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>20.2%</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>43,327</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>18.7%</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>17.0%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Non-alcoholic beverages</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>66,424</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>26.5%</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>59,308</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>25.6%</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>12.0%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Wine</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>31,634</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>12.6%</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>32,399</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>14.0%</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>-2.4%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Spirits</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>11,490</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>4.6%</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>10,694</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>4.6%</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>7.4%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Other/Eliminations</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>-571</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>-0.2%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2>-942</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>-0.4%</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>-</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>TOTAL</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>250,725</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>100.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2>231,562</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>100.0%</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>8.3%</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=6>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" rowSpan=2 align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=5 align=center><FONT size=2>YTD (million CLP)</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=2 align=center><B><FONT size=2>2010</FONT></B></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=2 align=center><FONT size=2>2009</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=center><FONT size=2>% Chg.</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Beer Chile</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>287,981</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>34.4%</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>278,170</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>35.8%</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>3.5%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Beer Argentina</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>156,363</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>18.7%</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>137,296</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>17.7%</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>13.9%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Non-alcoholic beverages</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>223,476</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>26.7%</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>201,512</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>25.9%</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>10.9%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Wine</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>132,293</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>15.8%</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>124,726</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>16.1%</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>6.1%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Spirits</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>43,218</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>5.2%</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>38,830</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>5.0%</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>11.3%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Other/Eliminations</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>-5,072</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>-0.6%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2>-3,988</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>-0.5%</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>-</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>TOTAL</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>838,258</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>100.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2>776,544</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>100.0%</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>7.9%</FONT>&nbsp;</TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>GROSS PROFIT</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Q4&#146;10</FONT></I></B><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>8.7</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>139,649</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million as a result of </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>8.3</FONT><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>%</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> higher Net sales, partially offset by </FONT>
<FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>7.8</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% higher </FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Cost of goods sold (COGS)</FONT></I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> which amounted to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>111,076</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> </FONT><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>million</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>. As a percentage of Net sales, the COGS decreased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>44.5</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% in Q4&#146;09 to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>44.3</FONT><FONT style="FON
T-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% in Q4&#146;10. Consequently, the Gross profit, as a percentage of Net sales, increased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>55.5</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% in Q4&#146;09 to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>55.7</FONT><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>%</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> this quarter.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>2010&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>10.5%</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>454,445 </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>million and, as a percentage of Net sales, the consolidated Gross profit increased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>53.0</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>54.2</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>%
 when compared to 2009.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<H2 style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" face=Arial,sans-serif>OPERATING RESULT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></H2>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Q4&#146;10</FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>15.0</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>50,842</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million due to the higher Gross profit, partially offset by higher </FONT><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Marketing/Selling, Distribution and Administrative expenses (MSD&amp;A)</FONT></I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>. MSD&amp;A expenses increased in Q4&#146;10 by </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Aria
l,sans-serif>6.2</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>%, to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>90,041</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million. MSD&amp;A expenses, as a percentage of Net sales, decreased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>36.6%</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> in Q4&#146;09 to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>35.9%</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> in Q4&#146;10. The consolidated operating margin increased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>19.1</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% in Q4&#146;09 to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>20.3</FONT><FONT style="FONT-SIZE: 12pt"
 lang=EN-US face=Arial,sans-serif>% in Q4&#146;10. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>2010</FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>18.0</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% amounting to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>162,049</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million and the operating margin was </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>19.3</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>%, increasing </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>1.6</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> percentage points when compared t
o 2009 due to a better performance and also to a non recurring item (NRI) derived from the sale of a site in Lima, which generated a one time profit before taxes of CLP 6,791 million. The accumulated Operating result before NRI increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>13.0</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% and its margin grew from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>17.7</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% in 2009 to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>18.5</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% in 2010. </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<a name="_bclFooter4"></a><DIV>
<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-left: right; mso-element-top: .05pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">4</FONT></P>
</TD></TR></TABLE></DIV></DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_5"></A>
<a name="_bclPageBorder5"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader5"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">
<IMG src="x0.jpg" width=90 height=35>
</P>
</DIV>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center>
<IMG border=0 src="x4x0.gif" width=606 height=338>
</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;* Percentage calculations exclude &#147;Other/Eliminations&#148;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Operating result and Operating margin by segment</FONT></U></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right>&nbsp;</P>
<TABLE style="WIDTH: 100%; FONT-FAMILY: '''''''Times New Roman'''''''; FONT-SIZE: 9pt" border=0 cellSpacing=0>
<TR>
     <TD width="40%"></TD>
     <TD width="12%"></TD>
     <TD width="12%"></TD>
     <TD width="12%"></TD>
     <TD width="12%"></TD>
     <TD width="12%"></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" rowSpan=3 align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=5 align=center><FONT size=2>Q4</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=3 align=center><FONT size=2>Operating result (million CLP)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=2 align=center><FONT size=2>Operating margin</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2>2010</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT size=2>2009</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=center><B><FONT size=2>% Chg</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2>2010</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=center><FONT size=2>2009</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Beer Chile</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>30,488</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>26,926</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>13.2%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>33.5%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>31.0%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Beer Argentina</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>8,905</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>5,716</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>55.8%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>17.6%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>13.2%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Non-alcoholic beverages</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>9,353</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>9,699</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>-3.6%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>14.1%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>16.4%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Wine</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>917</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>2,629</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>-65.1%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>2.9%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>8.1%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Spirits</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>1,573</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>1,474</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>6.7%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>13.7%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>13.8%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Other/Eliminations</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>-395</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2>-2,240</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>-82.4%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>-</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>-</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><B><FONT size=2>TOTAL</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>50,842</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2>44,204</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>15.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>20.3%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>19.1%</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=6>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" rowSpan=3 align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=5 align=center><FONT size=2>YTD</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=3 align=center><FONT size=2>Operating result (million CLP)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=2 align=center><FONT size=2>Operating margin</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2>2010</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT size=2>2009</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=center><B><FONT size=2>%Chg</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2>2010</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=center><FONT size=2>2009</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Beer Chile</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>85,295</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>77,191</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>10.5%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>29.6%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>27.7%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Beer Argentina</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>22,028</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>17,328</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>27.1%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>14.1%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>12.6%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Non-alcoholic beverages</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>32,364</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>24,686</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>31.1%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>14.5%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>12.3%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Wine</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>10,256</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>12,220</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>-16.1%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>7.8%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>9.8%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Spirits</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>6,409</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>6,421</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>-0.2%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>14.8%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>16.5%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Other/Eliminations</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>5,698</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2>-464</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>NM</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>-</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>-</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><B><FONT size=2>TOTAL</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>162,049</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2>137,382</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>18.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>19.3%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>17.7%</FONT>&nbsp;</TD></TR></TABLE>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>EBITDA</FONT></I></B></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Q4&#146;10</FONT></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>13.2%</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>63,303 </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>million and the consolidated EBITDA margin increased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>24.2</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% in Q4&#146;09 to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>25.2</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% in Q4&#146;10, mai
nly explained by better&nbsp; results in Beer Chile and Beer Argentina.</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>2010</FONT></I></B><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>14.2%</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>207,250 </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>million and the EBITDA margin grew from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>23.4</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% in Q4&#146;09 to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-se
rif>24.7% in Q4&#146;10</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>. The accumulated EBITDA before NRI increased </FONT>


<FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>10.4</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>200,459</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> and the margin increased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>23.4</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% in 2009 to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>23.9</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% in 2010.</FONT></P>
<a name="_bclFooter5"></a><DIV>
<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-left: right; mso-element-top: .05pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">5</FONT></P>
</TD></TR></TABLE></DIV></DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_6"></A>
<a name="_bclPageBorder6"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader6"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">
<IMG src="x0.jpg" width=90 height=35>
</P>
</DIV>


<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center>
<IMG border=0 src="x5x0.gif" width=643 height=356>
</P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;* Percentage calculations exclude &#147;Other/Eliminations&#148;</FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>EBITDA by segment</FONT></U></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt; TEXT-DECORATION: none" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt" align=right><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<TABLE style="WIDTH: 100%; FONT-FAMILY: '''''''Times New Roman'''''''; FONT-SIZE: 9pt" border=0 cellSpacing=0>
<TR>
     <TD width="40%"></TD>
     <TD width="12%"></TD>
     <TD width="12%"></TD>
     <TD width="12%"></TD>
     <TD width="12%"></TD>
     <TD width="12%"></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" rowSpan=3 align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=5 align=center><FONT size=2>Q4</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=3 align=center><FONT size=2>EBITDA (million CLP)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=2 align=center><FONT size=2>EBITDA margin</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2>2010</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT size=2>2009</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=center><B><FONT size=2>% Chg</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2>2010</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=center><FONT size=2>2009</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Beer Chile</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>35,565</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>30,905</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>15.1%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>39.1%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>35.6%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Beer Argentina</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>10,179</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>6,858</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>48.4%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>20.1%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>15.8%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Non-alcoholic beverages</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>11,967</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>12,252</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>-2.3%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>18.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>20.7%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Wine</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>2,533</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>4,186</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>-39.5%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>8.0%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>12.9%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Spirits</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>1,983</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>1,978</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>0.3%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>17.3%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>18.5%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Other/Eliminations</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>1,076</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2>-239</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>-</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>-</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>-</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><B><FONT size=2>TOTAL</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>63,303</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2>55,940</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>13.2%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>25.2%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>24.2%</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=6>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" rowSpan=3 align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=5 align=center><FONT size=2>YTD</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=3 align=center><FONT size=2>EBITDA (million CLP)</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=2 align=center><FONT size=2>EBITDA margin</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2>2010</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><FONT size=2>2009</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=center><B><FONT size=2>% Chg</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=center><B><FONT size=2>2010</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=center><FONT size=2>2009</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Beer Chile</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>101,041</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>92,138</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>9.7%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>35.1%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>33.1%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Beer Argentina</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>26,879</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>21,943</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>22.5%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>17.2%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>16.0%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Non-alcoholic beverages</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>41,982</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>34,375</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>22.1%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>18.8%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>17.1%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Wine</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>16,727</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>19,100</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>-12.4%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>12.6%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>15.3%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Spirits</FONT>&nbsp;</TD>
     <TD align=right><B><FONT size=2>8,081</FONT></B>&nbsp;</TD>
     <TD align=right><FONT size=2>8,221</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>-1.7%</FONT></B>&nbsp;</TD>
     <TD align=right><B><FONT size=2>18.7%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>21.2%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><FONT size=2>Other/Eliminations</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>12,540</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2>5,736</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>-</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>-</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>-</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=left><B><FONT size=2>TOTAL</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>207,250</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=2>181,513</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=2>14.2%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=2>24.7%</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><FONT size=2>23.4%</FONT>&nbsp;</TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<a name="_bclFooter6"></a><DIV>
<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-left: right; mso-element-top: .05pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">6</FONT></P>
</TD></TR></TABLE></DIV></DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_7"></A>
<a name="_bclPageBorder7"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader7"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">
<IMG src="x0.jpg" width=90 height=35>
</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>ALL OTHER</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Q4&#146;10</FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In All other we include the following: Net financing expenses, Share of profits of associates and joint ventures, Exchange rate differences, Result of indexed units and Other gains/(losses). The total variation of these accounts, when compared to the same quarter last year, is a lower loss of CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>1,101</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million mainly explained by:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 88.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Net financing expenses</FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>, which decreased CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>374</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>2,142</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million, as a result of higher cash and cash equivalent balances.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 88.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Other gains/(losses) and Exchange rate differences, </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>which resulted in a lower loss of CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>908</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million mostly due to hedge effects to compensate foreign exchange (fx) variations on taxes.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All of the above was partially compensated by:</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -0.25in; MARGIN: 0in 0in 0pt 88.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Share of profits of associates and joint ventures</FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>, which decreased CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>170</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million, mainly explained by lower results in FOODs Compa&#241;&#237;a de Alimentos CCU S.A. and in Vi&#241;a Valles de Chile S.A. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -70.9pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>&nbsp;&nbsp;&nbsp; 2010&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Reduced with CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>30,163</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million from a profit of CLP</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif> 15,707 </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>million to a loss of CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>14,456 </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>million. The accumulated Result of indexed units represented a lower profit of CLP 9,270 mi
llion in 2010 due to a negative UF variation caused by deflation in 2009. Other gains/(losses) considers the absence of CLP 24,439 million one time profit in 2009 generated by the sale of 29.9% of Aguas CCU-Nestl&#233; Chile S.A., partially compensated by higher results of CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>1,860</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million &nbsp;related to hedges to compensate foreign currency variations on taxes. Finally, the Net Financing expenses are CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>2,079</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million lower due to a lower debt balance. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>INCOME TAX</FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Q4&#146;10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Income tax increased CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>4,483 </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>million mostly due to current year&#146;s higher income before taxes and to a negative effect of fx variations on taxes.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>2010&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Increased CLP 15,932 million mainly due to the absence this year of non recurrent positive effects in 2009, the additional tax paid on the Peru site sale&#146;s profit and a negative effect of fx variations on taxes. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>MINORITY INTEREST</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -58.15pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Q4&#146;10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Decreased CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>845</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>2,075</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million mostly due to the lower results in Vi&#241;a San Pedro Tarapac&#225; and Aguas CCU-Nestl&#233;. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 1.1pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -58.15pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>2010&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Decreased CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>4,091</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>9,237</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million mainly explained by the absence in 2010 of a non recurring positive effect in 2009 in Aguas CCU-Nestl&#233; and by the lower results in Vi&#241;a San Pedro Tarapac&#225; and in Aguas CCU-Nestl&#233;. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -58.15pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -58.15pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -58.15pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -58.15pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<a name="_bclFooter7"></a><DIV>
<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-left: right; mso-element-top: .05pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">7</FONT></P>
</TD></TR></TABLE></DIV></DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_8"></A>
<a name="_bclPageBorder8"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader8"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">
<IMG src="x0.jpg" width=90 height=35>
</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>NET PROFIT</FONT></I></B></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -58.15pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Q4&#146;10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Increased CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>4,102</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>36,845</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million due mostly to higher Operating result, lower Non operating loss and lower Minority interest, partially compensated by higher Income tax.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: 1.1pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -58.15pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>&nbsp;2010&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Decreased CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>17,338</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>110,700</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million due mostly to: a) the absence this year of the CLP 19,920 million non recurring net profits, after taxes, generated by the 29.9% sale of the water business to Nestl&#233;; b) the absence in 2010 of other positive restructuring effects for CLP 6,223 million, and c) the absence of the negative UF variation and the subsequent profit generated in 2009. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -58.15pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;The following chart shows the reconciliation of the actual results with those before non recurring items:</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -58.15pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></P>
<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 28.35pt" align=center>&nbsp;</P>
<TABLE style="WIDTH: 100%; FONT-FAMILY: ''''''Times New Roman''''''; FONT-SIZE: 9pt" border=0 cellSpacing=0>
<TR>
     <TD width="55%"></TD>
     <TD width="15%"></TD>
     <TD width="15%"></TD>
     <TD width="15%"></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=4 align=left><B><FONT size=2>NON RECURRING ITEMS EFFECTS - CLP MM</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=1>2010</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><B><FONT size=1>2009</FONT></B>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" align=right><B><FONT size=1>Variation</FONT></B>&nbsp;</TD></TR>
<TR>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid" bgColor=#008000 align=left><B><FONT color=#ffffff size=1>OPERATING RESULT</FONT></B>&nbsp;</TD>
     <TD bgColor=#008000 align=right><B><FONT color=#ffffff size=2>162,049</FONT></B>&nbsp;</TD>
     <TD bgColor=#008000 align=right><B><FONT color=#ffffff size=2>137,382</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" bgColor=#008000 align=right><B><FONT color=#ffffff size=2>18.0%</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid" align=left><FONT size=1>NON RECURRING ITEMS</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid" align=right>
<P style="MARGIN-RIGHT: 1in"><FONT size=1>PERU SITE SALE</FONT>&nbsp;</P>
</TD>
     <TD align=right><FONT size=2>(6,791)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2>-</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid" bgColor=#99cc00 align=left><B><FONT size=1>OPERATING RESULT before NRI</FONT></B>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=2>155,258</FONT></B>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=2>137,382</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" bgColor=#99cc00 align=right><B><FONT size=2>13.0%</FONT></B>&nbsp;</TD></TR>
<TR>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid" bgColor=#008000 align=left><B><FONT color=#ffffff size=1>EBITDA</FONT></B>&nbsp;</TD>
     <TD bgColor=#008000 align=right><B><FONT color=#ffffff size=2>207,250</FONT></B>&nbsp;</TD>
     <TD bgColor=#008000 align=right><B><FONT color=#ffffff size=2>181,513</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" bgColor=#008000 align=right><B><FONT color=#ffffff size=2>14.2%</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid" align=left><FONT size=1>NON RECURRING ITEMS</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid" align=right>
<P style="MARGIN-RIGHT: 1in"><FONT size=1>PERU SITE SALE</FONT>&nbsp;</P>
</TD>
     <TD align=right><FONT size=2>(6,791)</FONT>&nbsp;</TD>
     <TD align=right><FONT size=2>-</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid" bgColor=#99cc00 align=left><B><FONT size=1>EBITDA before NRI</FONT></B>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=2>200,459</FONT></B>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=2>181,513</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" bgColor=#99cc00 align=right><B><FONT size=2>10.4%</FONT></B>&nbsp;</TD></TR>
<TR>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=4>&nbsp;</TD></TR>
<TR>
     <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" colSpan=4>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid" bgColor=#008000 align=left><B><FONT color=#ffffff size=1>NET PROFIT</FONT></B>&nbsp;</TD>
     <TD bgColor=#008000 align=right><B><FONT color=#ffffff size=2>110,700</FONT></B>&nbsp;</TD>
     <TD bgColor=#008000 align=right><B><FONT color=#ffffff size=2>128,037</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" bgColor=#008000 align=right><B><FONT color=#ffffff size=2>-13.5%</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid" align=left><FONT size=1>NON RECURRING ITEMS</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid" align=right>
<P style="MARGIN-RIGHT: 1in" align=right><FONT size=1>PERU SITE SALE</FONT>&nbsp;</P>
</TD>
     <TD align=right><FONT size=2>(2,802)</FONT>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid" align=right>
<P style="MARGIN-RIGHT: 1in"><FONT size=1>29.9% WATER BUSINESS SALE</FONT>&nbsp;</P>
</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2>(19,920)</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid" align=right>
<P style="MARGIN-RIGHT: 1in"><FONT size=1>OTHER RESTRUCTURING EFFECTS</FONT>&nbsp;</P>
</TD>
     <TD align=left>&nbsp;</TD>
     <TD align=right><FONT size=2>(6,223)</FONT>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-LEFT: #000000 1px solid" bgColor=#99cc00 align=left><B><FONT size=1>NET PROFIT before NRI</FONT></B>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=2>107,898</FONT></B>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=2>101,894</FONT></B>&nbsp;</TD>
     <TD style="BORDER-RIGHT: #000000 1px solid" bgColor=#99cc00 align=right><B><FONT size=2>5.9%</FONT></B>&nbsp;</TD></TR>
<TR height=20>
     <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #ffffff; BORDER-RIGHT: #000000 1px solid" bgColor=#99cc00 colSpan=4 align=left><B><FONT size=1></FONT></B><B><FONT size=2></FONT></B><B><FONT size=2></FONT></B><B><FONT size=2>&nbsp;</FONT></B></TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<a name="_bclFooter8"></a><DIV>
<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-left: right; mso-element-top: .05pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">8</FONT></P>
</TD></TR></TABLE></DIV></DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_9"></A>
<a name="_bclPageBorder9"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader9"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">
<IMG src="x0.jpg" width=90 height=35>
</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 20.4pt">
     <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: #00007f; HEIGHT: 20.4pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0in" vAlign=top width="100%">
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 14pt" color=white face=Arial,sans-serif>BUSINESS UNITS HIGHLIGHTS</FONT></B><B><FONT style="FONT-SIZE: 14pt" face=Arial,sans-serif> </FONT></B><FONT style="FONT-SIZE: 14pt" face=Arial,sans-serif>(</FONT><FONT style="FONT-SIZE: 13.5pt" color=white face=Arial,sans-serif>Exhibits</FONT><FONT style="FONT-SIZE: 14pt" face=Arial,sans-serif> 3 and 4)</FONT></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Business segments are reflected in the same way that each Strategic Business Unit (SBU) is managed. Corporate shared services and distribution and logistics expenses have been allocated to each SBU based on Service Level Agreements. The non-allocated corporate overhead expenses and the result of the logistics subsidiary are included in &#147;Other/Eliminations&#148;. </FONT></P>
<P style="MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 15.15pt">
     <TD style="BORDER-BOTTOM: windowtext 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 15.15pt; PADDING-TOP: 0in" vAlign=top width="100%">
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" color=navy face=Arial,sans-serif>BEER CHILE</FONT></I></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></I></B></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Net sales</FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> increased 4.9% to CLP 91,060 million as a result of 1.6% higher sales volume and 3.8% higher average prices.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Operating result </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>increased 13.2% to CLP 30,488 million, mainly as a result of higher Gross profit and lower MSD&amp;A expenses. The Gross profit increase is explained by higher Net sales, partially offset by higher COGS which increased 7.6% to CLP 34,575 million due to a higher participation of the one way packages in the mix. As a percentage of Net sales, COGS increased from 37.0% in Q4&#146;09 to 38.0% in Q4&#146;10. The MSD&amp;A expenses decreased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>4.5</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>26,063</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million due most
ly to lower marketing expenses. As a percentage of Net sales, MSD&amp;A decreased from 31.5% to 28.6%. The operating margin increased from 31.0% to 33.5%.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>EBITDA&nbsp;&nbsp;&nbsp; </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>increased 15.1% to CLP 35,565 million and the EBITDA margin was 39.1% or 3.5 &nbsp;percentage points higher than in Q4&#146;09.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Comments</FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> Sales have shown a deceleration due to a lower temperature than normal in December. Due to a very competitive pricing landscape Beer Chile continued with promotions and discounts. Raw materials cost in Chilean pesos is lower this year because of a stronger peso as compared to the dollar; however, one way packaging products, which have a higher cost, have had a more significant growth, thus neutralizing the lower cost. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>We have to estimate our market share since there are no official market volume statistics available. Our best estimate for the full year 2009 was 85.3% and for 2010 is 82.8%. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Reflecting on 2010, we are very satisfied on the financial results delivered following this severe earthquake and tsunami that stroke Chile on February 27, causing damages in our beer production installations as well as inventory losses. We were able to resume production activities within a month ending the year with a record of 5.1 million hectoliters sold (1.5% over last year) and generating an EBITDA of more than CLP 100 billion growing 9.7% versus 2009, improving our EBITDA margin 2 percentage points in the year. </FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 17.05pt">
     <TD style="BORDER-BOTTOM: windowtext 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17.05pt; PADDING-TOP: 0in" vAlign=top width="100%">
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" color=navy face=Arial,sans-serif>BEER ARGENTINA</FONT></I></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Net sales</FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> measured in Chilean pesos increased 17.0% to CLP 50,687 million, as a result of 6.5% higher sales volumes and 10.2% higher average prices in order to partially compensate the increase in costs and expenses due to inflation.</FONT></P>
<a name="_bclFooter9"></a><DIV>
<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-left: right; mso-element-top: .05pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">9</FONT></P>
</TD></TR></TABLE></DIV></DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_10"></A>
<a name="_bclPageBorder10"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader10"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">
<IMG src="x0.jpg" width=90 height=35>
</P>
</DIV>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -63.8pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>&nbsp;Operating result </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>measured in Chilean pesos increased 55.8% to CLP 8,905 million in Q4&#146;10, as a consequence of higher Gross profit, partially compensated by higher MSD&amp;A. Gross profit increased due to higher Net sales, partially compensated by higher COGS which increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>7.8</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>%, to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>20,094</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million this quarter.&nbsp; As a percentage of Net sales, COGS decreased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>43.0</FONT><FONT style="F
ONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>39.6</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% in Q4&#146;10. MSD&amp;A expenses increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>15.4</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% from CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>18,993</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>21,914</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million due to inflationary pressures, unionization of sales personnel, higher distribution costs, sales taxes and the introduction of Schneider&#146;s new brand image.&nbsp; As a percentage of Net sales, MSD&amp;A expenses decreased from </FONT><FONT style="FONT-SIZ
E: 12pt" lang=EN-US color=black face=Arial,sans-serif>43.8</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>43.2</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>%. The operating margin increased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>13.2</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% in Q4&#146;09 to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>17.6</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% in Q4&#146;10.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>EBITDA&nbsp;&nbsp;&nbsp; </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>48.4</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% or CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>3,321</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>10,179</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million this quarter and the EBITDA margin increased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>15.8</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN
- -US color=black face=Arial,sans-serif>20.1</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>%.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -49.6pt; MARGIN: 0in 0in 0pt 63.8pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -58.5pt; MARGIN: 0in 0in 0pt 1in"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Comments</FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> On December 27 the Company acquired a Cider business. For USD 13.2 million we obtained a controlling participation in S&#225;enz Briones and Sidra La Victoria, which have a combined estimated market share of 23% and an estimated EBITDA of USD 4 million. The yearly sales of both companies are 214 thousand hectoliters of cider and 31 thousand hectoliters of mostly other liquors. Also,</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-GB face=Arial,sans-serif> on December 20, 2010 CCU&#146;s subsidiary Inversiones Invex CCU Limitada acquired 4.04% of the Compa&#241;&#237;a Cervecer&#237;as Unidas Argentina S.A. shares from Anheuser-Busch Investment S.L. CCU, through its subsidiary Inversiones Invex CCU Limitada, reached 100% of CCU Argentina&#146;s ownership. This transaction does not ha
ve any effect on the Budweiser brand production and sales/distribution contract, which expires in 2025. </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -58.5pt; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -58.5pt; MARGIN: 0in 0in 0pt 1in"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 16.05pt">
     <TD style="BORDER-BOTTOM: windowtext 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 16.05pt; PADDING-TOP: 0in" vAlign=top width="100%">
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" color=navy face=Arial,sans-serif>NON-ALCOHOLIC BEVERAGES</FONT></I></B></P>
</TD></TR></TABLE></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Net sales</FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>12.0%</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>66,424</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million due to higher volumes of 7.4% and a 3.1% increase in the average price.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Operating result </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>decreased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>3.6</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>9,353 </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>million as a consequence of higher COGS and higher MSD&amp;A expenses partially compensated by higher Net sales. &nbsp;COGS increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>12.6</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>32,629</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,
sans-serif> million mainly due to price increases in raw material such as sugar, pulp and resin. COGS, as a percentage of Net sales, increased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>48.9</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>49.1</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>%. As a consequence, gross margin decreased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>51.1</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>50.9</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>%. MSD&amp;A increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>18.4</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to CLP </FO
NT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>24,581 </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>million mainly due to higher distribution and marketing expenses. Consequently, as a percentage of Net sales, MSD&amp;A increased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>35.0</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>37.0</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% and the operating margin decreased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>16.4</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>14.1</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>%.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>EBITDA&nbsp;&nbsp;&nbsp; </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>decreased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>2.3</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>11,967</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million and the EBITDA margin decreased to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>18.0%</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>, </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>2.6</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> percentage points lower than in Q4&#146;09.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 6pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 6pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Comments </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Volumes had a positive performance in all categories during the quarter: soft drinks increased 7.1%, water 2.2% and nectars 18.2%. The segment&#146;s average price increased 3.1% due mostly to a 3% price increase in all categories </FONT>


<FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>implemented during November. Conversely, the water and nectar average price decreased due to a higher mix of larger packages, which tend to have a lower price per hectoliter. Raw materials price increases (fruit pulp, sugar and resin) generated a cost increase not fully compensated by the appreciation of the Chilean peso, causing direct costs per unit to increase 6.2% in the quarter. </FONT></P>
<a name="_bclFooter10"></a><DIV>
<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-left: right; mso-element-top: .05pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">10</FONT></P>
</TD></TR></TABLE></DIV></DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_11"></A>
<a name="_bclPageBorder11"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader11"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">
<IMG src="x0.jpg" width=90 height=35>
</P>
</DIV>


<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 15pt">
     <TD style="BORDER-BOTTOM: windowtext 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 15pt; PADDING-TOP: 0in" vAlign=top width="100%">
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" color=navy face=Arial,sans-serif>WINE</FONT></I></B></P>
</TD></TR></TABLE></DIV>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Net sales</FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> decreased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>2.4</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>31,634</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million due to a decrease in volume of </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>6.0</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% excluding bulk wine, partially offset by an increase of 4.0% in the segment&#146;s average price in CLP. The Chile domestic volume decreased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>1.2</FONT><FONT style="FONT-SIZE:
 12pt" lang=EN-US face=Arial,sans-serif>% while it&#146;s average price increased 29.7%. Chile exports volume decreased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>7.9</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% and the average price decreased 7.4% when expressed in Chilean pesos. In dollar terms, the average export price increased 2%. Argentina&#146;s wine volume decreased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>24.7</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% while the average price increased 12.6%. &nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Operating result </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>decreased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>65.1</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% from CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>2,629</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>917</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million in Q4&#146;10, due mostly to lower Net sales and higher COGS. COGS increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>4.2</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% from CLP </FONT><FONT style="F
ONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>20,138</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>20,978</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million mainly due to higher cost of wine as raw material for domestic table wine sales. As a percentage of Net sales, COGS increased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>62.2</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>66.3</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>%. Consequently, the gross margin decreased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>37.8</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-
US color=black face=Arial,sans-serif>33.7</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% in Q4&#146;10. MSD&amp;A remained flat in comparison with the same period last year. As a percentage of Net sales, MSD&amp;A increased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>30.3</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>31.1</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>%. &nbsp;As a consequence, the operating margin decreased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>8.1%</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> in Q4&#146;09 to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>2.9%</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> in Q4&#146;10.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>EBITDA&nbsp;&nbsp;&nbsp; </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>decreased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>39.5</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>2,533</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million and the EBITDA margin decreased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>12.9%</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>8.0%</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Comments</FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> The Company has been increasing prices in order to overcome the higher cost of wine (as raw material) and the appreciation of the Chilean peso which has negatively affected exports Net sales. This, in combination with a better sales mix, has been reflected in the better average prices, and has helped to partially offset the very challenging cost and foreign exchange condition. The 29.7% price increase in the domestic market was the consequence of a price increase in August of 6% on top of the 8% increase in April, and of an improvement in our sales mix, more focused on bottled wine.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<DIV align=left>
<TABLE style="BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; WIDTH: 100%; BORDER-COLLAPSE: collapse; BORDER-TOP: medium none; BORDER-RIGHT: medium none" border=0 cellSpacing=0 cellPadding=0>
<TR style="HEIGHT: 15.1pt">
     <TD style="BORDER-BOTTOM: windowtext 2.25pt solid; PADDING-BOTTOM: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 15.1pt; PADDING-TOP: 0in" vAlign=top width="100%">
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" color=navy face=Arial,sans-serif>SPIRITS</FONT></I></B></P>
</TD></TR></TABLE></DIV>
<P style="PAGE-BREAK-AFTER: avoid; MARGIN: 0in 0in 0pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US color=windowtext face=Arial,sans-serif></FONT></I></B>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Net sales</FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>7.4% to</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>11,490 </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>million </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>due to 5.9% higher</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>volume and 1.6% higher</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> average prices.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Operating result </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>6.7</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% from CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>1,474</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>1,573</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million, mainly due to higher Net sales partially compensated by higher COGS and higher MSD&amp;A expenses. COGS increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>2.4</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans
- -serif>% from CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>5,951</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>6,093</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million due to finished product inventory depletion.&nbsp; COGS as a percentage of Net sales </FONT>


<FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>decreased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>55.6</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>53.0</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>%. MSD&amp;A increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>21.6</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>4,040</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million, mostly due to higher marketing and personnel expenses. As a percentage of Net sales, MSD&amp;A increased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>31.1</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to </
FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>35.2</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>%. As a consequence, the operating margin decreased slightly from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>13.8</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>13.7</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>%.</FONT></P>
<a name="_bclFooter11"></a><DIV>
<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-left: right; mso-element-top: .05pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">11</FONT></P>
</TD></TR></TABLE></DIV></DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_12"></A>
<a name="_bclPageBorder12"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader12"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">
<IMG src="x0.jpg" width=90 height=35>
</P>
</DIV>


<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>EBITDA&nbsp;&nbsp;&nbsp; </FONT></I></B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>increased </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>0.3</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% from CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>1,978</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million to CLP </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>1,983</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> million, while the EBITDA margin decreased from </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif>18.5</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>% to </FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US color=
black face=Arial,sans-serif>17.3</FONT><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>%.</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -56.7pt; MARGIN: 0in 0in 0pt 70.9pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -49.6pt; MARGIN: 0in 0in 0pt 63.8pt"><B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Comments</FONT></I></B><I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif> </FONT></I><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>The industry is showing a positive trend compared to last year. The performance improvement of Pisco is mostly explained by the strengthening of all our super premium brands, which grew 79% in the quarter. To strengthen the product portfolio, the Company acquired &#147;Fehrenberg&#148;, a traditional Chilean liqueur brand.&nbsp; &nbsp;&nbsp;&nbsp;</FONT></P>
<P style="TEXT-ALIGN: justify; TEXT-INDENT: -49.6pt; MARGIN: 0in 0in 0pt 63.8pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(The exhibits to follow, figures have been rounded and may not sum exactly the totals shown.)</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>Note: EBITDA represents Operating result or EBIT plus depreciation and amortization. Both EBIT and EBITDA are not a calculation based on IFRS principles. However, both are derived from amounts included in the financial statements, according to the following: a) EBIT is equivalent to Income (loss) before taxes, and before other items such as Net financing expenses, Share of profits of associates and Joint ventures, Exchange rate differences, Results of indexes units, Results of hedge instruments and Marketable securities, and Results from the sales of interest in subsidiaries; b) EBITDA is equivalent to EBIT before Depreciation and Amortization.</FONT></P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>EBITDA is presented as supplementary information because management believes that EBITDA is useful in assessing the Company&#146;s operations. EBITDA is useful to evaluate the operating performance compared to that of other companies, as the calculation of EBITDA eliminates the effects of financing, income taxes and other results, items that may vary for reasons unrelated to overall operating performance. When analyzing the operating performance, investors should use EBITDA in addition to, not as an alternative for Net income, as this item is defined by IFRS. Investors should also note that CCU&#146;s presentation of EBITDA may not be comparable to similarly titled indicators used by other companies.</FONT></P>
<a name="_bclFooter12"></a><DIV>
<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-left: right; mso-element-top: .05pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">12</FONT></P>
</TD></TR></TABLE></DIV></DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_13"></A>
<a name="_bclPageBorder13"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader13"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">
<IMG src="x0.jpg" width=90 height=35>
</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>
<TABLE style="WIDTH: 100%; FONT-FAMILY: '''''''''Times New Roman'''''''''; FONT-SIZE: 9pt" border=0 cellSpacing=0>
<TR>
     <TD width="50%"></TD>
     <TD width="1%"></TD>
     <TD width="9%"></TD>
     <TD width="1%"></TD>
     <TD width="9%"></TD>
     <TD width="1%"></TD>
     <TD width="9%"></TD>
     <TD width="1%"></TD>
     <TD width="9%"></TD>
     <TD width="1%"></TD>
     <TD width="9%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=3 align=left><B><FONT size=1>Exhibit 1: Income Statement (Fourth Quarter 2010)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 20px" bgColor=#003300 vAlign=center rowSpan=2 align=center><B><FONT color=#ffffff size=1>Q4</FONT></B></TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B><B><SUP><FONT color=#ffffff size=1>(1)</FONT></SUP></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B><B><SUP><FONT color=#ffffff size=1>(1)</FONT></SUP></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>VARIANCE %</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(CLP million)</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(CLP million)</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(US$ million)</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(US$ million)</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Core revenue</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>245,230</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>226,933</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>524.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>484.9</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><B><FONT size=1>8.1</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other revenue</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>5,495</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>4,673</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>11.7</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>10.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><B><FONT size=1>17.6</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Interco sales revenue</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>(44)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>(0.1)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><B><FONT size=1>-</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>Net sales</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>250,725</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>231,562</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>535.7</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>494.8</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>8.3</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Cost of goods sold</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(111,076)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#ff0000 size=1>(103,070)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(237.3)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#ff0000 size=1>(220.2)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><B><FONT size=1>7.8</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT size=1>% of net sales</FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>44.3</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>44.5</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>44.3</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>44.5</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>Gross profit</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>139,649</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>128,493</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>298.4</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>274.6</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>8.7</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>MSD&amp;A </FONT><SUP><FONT size=1>(2)</FONT></SUP>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(90,041)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#ff0000 size=1>(84,788)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(192.4)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#ff0000 size=1>(181.2)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><B><FONT size=1>6.2</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT size=1>% of net sales</FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>35.9</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>36.6</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>35.9</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>36.6</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other operating income/(expenses)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>1,234</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>499</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>2.6</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>1.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><B><FONT size=1>147.5</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>OPERATING RESULT before NRI</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>50,842</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>44,204</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>108.6</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>94.5</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>15.0</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT size=1>% of net sales</FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>20.3</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>19.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>20.3</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>19.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other NRI</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>0.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><B><FONT size=1>-</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>OPERATING RESULT</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>50,842</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>44,204</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>108.6</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>94.5</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>15.0</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT size=1>% of net sales</FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>20.3</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>19.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>20.3</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>19.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Net financing expenses</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(2,142)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#ff0000 size=1>(2,516)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(4.6)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#ff0000 size=1>(5.4)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><B><FONT size=1>(14.9)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Share of profits of associates and joint<FONT size=2>&nbsp;</FONT>ventures</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>340</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>509</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0.7</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>1.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><B><FONT size=1>(33.3)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Exchange rate differences</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(262)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#ff0000 size=1>(1,764)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(0.6)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#ff0000 size=1>(3.8)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><B><FONT size=1>(85.2)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Results of indexed units</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(1,064)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#ff0000 size=1>(1,053)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(2.3)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#ff0000 size=1>(2.3)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><B><FONT size=1>1.0</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other gains/(losses)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(801)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#ff0000 size=1>(206)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(1.7)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#ff0000 size=1>(0.4)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><B><FONT size=1>n/a</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>INCOME/(LOSS) BEFORE TAXES</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>46,912</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>39,173</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>100.2</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>83.7</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>19.8</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Income tax</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(7,992)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#ff0000 size=1>(3,510)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(17.1)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#ff0000 size=1>(7.5)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><B><FONT size=1>127.7</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>NET PROFIT FOR THE PERIOD</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>38,920</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>35,663</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>83.2</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>76.2</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>9.1</FONT></B>&nbsp;</TD></TR>
<TR>
     <TD colSpan=11>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=left><B><FONT color=#ffffff size=1>NET PROFIT ATTRIBUTABLE TO:</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 4px" bgColor=#003300 align=left><B><FONT color=#ffffff size=1>PARENT COMPANY SHAREHOLDERS</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>36,845</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>32,743</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>78.7</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>70.0</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>12.5</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 21px" bgColor=#99cc00 align=left><B><FONT size=1>MINORITY INTEREST</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>2,075</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>2,920</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>4.4</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>6.2</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>(28.9)</FONT></B>&nbsp;</TD></TR>
<TR height=20>
     <TD align=left><FONT size=1></FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"></TD>
     <TD bgColor=#ccffcc align=left></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"></TD>
     <TD align=left></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"></TD>
     <TD bgColor=#ccffcc align=left></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"></TD>
     <TD align=left></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"></TD>
     <TD align=left></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left>
<P style="MARGIN-LEFT: 0.1in"><FONT size=1>Net profit attributable to Parent Company</FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc vAlign=center rowSpan=2 align=center><FONT size=1>14.7</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD vAlign=center rowSpan=2 align=center><FONT size=1>14.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc vAlign=center rowSpan=2 align=center><FONT size=1>14.7</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD vAlign=center rowSpan=2 align=center><FONT size=1>14.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left>
<P style="MARGIN-LEFT: 0.1in"><FONT size=1>Shareholders as % of net sales</FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR height=20>
     <TD align=left><FONT size=1></FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"></TD>
     <TD bgColor=#ccffcc align=center><FONT size=1></FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"></TD>
     <TD align=center><FONT size=1></FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"></TD>
     <TD bgColor=#ccffcc align=center><FONT size=1></FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"></TD>
     <TD align=center><FONT size=1></FONT></TD>
     <TD style="BACKGROUND-COLOR: #ffffff"></TD>
     <TD align=left></TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=left><B><FONT color=#ffffff size=1>Earnings per share</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>115.7</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>102.8</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>0.2</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>0.2</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>12.5</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=left><B><FONT color=#ffffff size=1>Earnings per ADR</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>578.4</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>514.0</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>1.2</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>1.1</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>12.5</FONT></B>&nbsp;</TD></TR>
<TR>
     <TD colSpan=11>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>EBITDA</FONT></B><B><SUP><FONT size=1>(3) </FONT></SUP></B><B><FONT size=1>before NRI</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>63,303</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>55,940</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>135.3</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>119.5</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>13.2</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT size=1>% of net sales</FONT>&nbsp;</P>
</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ccffcc" align=center><FONT size=1>25.2</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>24.2</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>25.2</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>24.2</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>EBITDA</FONT></B><B><SUP><FONT size=1>(3)</FONT></SUP></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>63,303</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>55,940</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>135.3</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>119.5</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>13.2</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 3px" align=left>
<P style="MARGIN-LEFT: 0.2in"><FONT size=1>% of net sales</FONT>&nbsp;</P>
</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>25.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>24.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>25.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>24.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD style="BORDER-BOTTOM: #c0c0c0 2px solid; BORDER-TOP: #c0c0c0 2px solid" colSpan=11>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT color=#00ca51 size=1>OTHER INFORMATION</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=left><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=left><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=left><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=left><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=left><FONT color=#00ca51>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 26px" align=right>
<P style="MARGIN-RIGHT: 1in"><FONT color=#00ca51 size=1>Number of shares</FONT><FONT color=#00ca51>&nbsp;</FONT></P>
</TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>318,502,872</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>318,502,872</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>318,502,872</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>318,502,872</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=left><FONT color=#00ca51>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 28px" align=right>
<P style="MARGIN-RIGHT: 1in"><FONT color=#00ca51 size=1>Shares per ADR</FONT><FONT color=#00ca51>&nbsp;</FONT></P>
</TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>5</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>5</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>5</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>5</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=left><FONT color=#00ca51>&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=11><FONT color=#00ca51>&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=11><FONT color=#00ca51>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 14px" align=right>
<P style="MARGIN-RIGHT: 1in"><FONT color=#00ca51 size=1>Depreciation and Amortization</FONT><FONT color=#00ca51>&nbsp;</FONT></P>
</TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>12,462</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>11,736</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>26.6</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>25.1</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>6.2</FONT><FONT color=#00ca51>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 23px" align=right>
<P style="MARGIN-RIGHT: 1in"><FONT color=#00ca51 size=1>Capital Expenditures</FONT><FONT color=#00ca51>&nbsp;</FONT></P>
</TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>17,470</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>7,055</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>37.3</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>15.1</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>147.6</FONT><FONT color=#00ca51>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-TOP: #c0c0c0 2px solid" colSpan=11 align=left><FONT size=1>(1) Exchange rate: US$1.00 = CLP 468.01</FONT></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=11 align=left><FONT size=1>(2) MSD&amp;A refers to Marketing selling, distribution and administrative expenses</FONT></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=11 align=left><FONT size=1>(3) Please see full note in page before exhibits</FONT></TD></TR></TABLE>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=white face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=white face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=white face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=white face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=white face=Arial,sans-serif></FONT>&nbsp;</P>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=white face=Arial,sans-serif></FONT>&nbsp;</P>
<a name="_bclFooter13"></a><DIV>
<P style="MARGIN: 0in 0.25in 0pt 0in"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-left: right; mso-element-top: .05pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">13</FONT></P>
</TD></TR></TABLE></DIV></DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_14"></A>
<a name="_bclPageBorder14"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader14"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">
<IMG src="x0.jpg" width=90 height=35>
</P>
</DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>
<DIV align=left>
<DIV align=left>
<TABLE style="WIDTH: 100%; FONT-FAMILY: ''''''''''''''''Times New Roman''''''''''''''''; FONT-SIZE: 9pt" border=0 cellSpacing=0>
<TR>
     <TD width="50%"></TD>
     <TD width="1%"></TD>
     <TD width="9%"></TD>
     <TD width="1%"></TD>
     <TD width="9%"></TD>
     <TD width="1%"></TD>
     <TD width="9%"></TD>
     <TD width="1%"></TD>
     <TD width="9%"></TD>
     <TD width="1%"></TD>
     <TD width="9%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=11 align=left><B><FONT size=1>Exhibit 2: Income Statement (Twelve Months Ended December 31, 2010)</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 12px" bgColor=#003300 align=left><B><FONT color=#ffffff size=1>AS OF DECEMBER</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B><B><SUP><FONT color=#ffffff size=1>(1)</FONT></SUP></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B><B><SUP><FONT color=#ffffff size=1>(1)</FONT></SUP></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>VARIANCE %</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(CLP million)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(CLP million)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(US$ million)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(US$ million)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Core revenue</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>820,627</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>758,235</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>1,753.4</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1,620.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><B><FONT size=1>8.2</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other revenue</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>17,631</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>18,310</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>37.7</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>39.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><B><FONT color=#000000 size=1>(3.7)</FONT></B><FONT color=#000000>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Interco sales revenue</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0.0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>0.0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><B><FONT size=1>-</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>Net sales</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>838,258</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>776,544</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>1,791.1</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>1,659.2</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>7.9</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Cost of goods sold</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(383,813)</FONT><FONT color=#ff0000>&nbsp;</FONT></TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(365,098)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(820.1)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(780.1)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><B><FONT size=1>5.1</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 13px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>45.8</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>47.0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>45.8</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>47.0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>Gross profit</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>454,445</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>411,446</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>971.0</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>879.1</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>10.5</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>MSD&amp;A </FONT><SUP><FONT size=1>(2)</FONT></SUP>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(300,659)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(273,591)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(642.4)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(584.6)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><B><FONT size=1>9.9</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 13px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>35.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>35.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>35.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>35.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other operating income/(expenses)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>1,472</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(473)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>3.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(1.0)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><B><FONT size=1>n/a</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>OPERATING RESULT before NRI</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>155,258</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>137,382</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>331.7</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>293.5</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>13.0</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 13px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>18.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>17.7</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>18.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>17.7</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other NRI</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>6,791</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>14.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>0.0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><B><FONT size=1>-</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>OPERATING RESULT</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>162,049</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>137,382</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>346.3</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>293.5</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>18.0</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 13px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>19.3</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>17.7</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>19.3</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>17.7</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Net financing expenses</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(8,288)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(10,367)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(17.7)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(22.2)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><B><FONT color=#000000 size=1>(20.1)</FONT></B><FONT color=#000000>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Share of profits of associates and joint</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>ventures</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>966</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1,349</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>2.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>2.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><B><FONT color=#000000 size=1>(28.4)</FONT></B><FONT color=#000000>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Exchange rate differences</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(1,401)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(1,390)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(3.0)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(3.0)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><B><FONT size=1>0.8</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Results of indexed units</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(5,080)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>4,190</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(10.9)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>9.0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><B><FONT size=1>-</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other gains/(losses)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(655)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>21,925</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(1.4)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>46.8</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><B><FONT size=1>-</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>INCOME/(LOSS) BEFORE TAXES</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>147,593</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>153,089</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>300.9</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>327.1</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT color=#000000 size=1>(3.6)</FONT></B><FONT color=#000000>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Income tax</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(27,656)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(11,724)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(59.1)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(25.1)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><B><FONT size=1>135.9</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>NET PROFIT FOR THE PERIOD</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>119,937</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>141,365</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>241.8</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>302.1</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT color=#000000 size=1>(15.2)</FONT></B><FONT color=#000000>&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=11>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=left><B><FONT color=#ffffff size=1>NET PROFIT ATTRIBUTABLE TO:</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 4px" bgColor=#003300 align=left><B><FONT color=#ffffff size=1>PARENT COMPANY SHAREHOLDERS</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>110,700</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>128,037</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>222.0</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>273.6</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(13.5)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 21px" bgColor=#99cc00 align=left><B><FONT size=1>MINORITY INTEREST</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>9,237</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>13,328</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>19.7</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>28.5</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT color=#000000 size=1>(30.7)</FONT></B><FONT color=#000000>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 13px" align=left><FONT size=1>Net profit attributable to Parent Company</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 13px" align=left><FONT size=1>Shareholders as % of net sales</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>13.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>16.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>12.4</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>16.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=left><B><FONT color=#ffffff size=1>Earnings per share</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>347.6</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>402.0</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>0.7</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>0.9</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(13.5)</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=left><B><FONT color=#ffffff size=1>Earnings per ADR</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>1,737.8</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2,010.0</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>3.5</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>4.3</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(13.5)</FONT></B>&nbsp;</TD></TR>
<TR>
     <TD colSpan=11>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>EBITDA</FONT></B><B><SUP><FONT size=1>(3) </FONT></SUP></B><B><FONT size=1>before NRI</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>200,459</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>181,513</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>428.3</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>387.8</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>10.4</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 13px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>23.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>23.4</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>23.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>23.4</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>EBITDA</FONT></B><B><SUP><FONT size=1>(3)</FONT></SUP></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>207,250</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>181,513</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>442.8</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>387.8</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>14.2</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid; TEXT-INDENT: 13px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" bgColor=#ccffcc align=center><FONT size=1>24.7</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT size=1>23.4</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" bgColor=#ccffcc align=center><FONT size=1>24.7</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT size=1>23.4</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=11>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-TOP: #c0c0c0 3px solid" align=left><FONT color=#00ca51 size=1>OTHER INFORMATION</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #c0c0c0 3px solid"><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #c0c0c0 3px solid" align=left><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #c0c0c0 3px solid"><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #c0c0c0 3px solid" align=left><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #c0c0c0 3px solid"><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #c0c0c0 3px solid" align=left><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #c0c0c0 3px solid"><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #c0c0c0 3px solid" align=left><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #c0c0c0 3px solid"><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-TOP: #c0c0c0 3px solid" align=left><FONT color=#00ca51>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 26px" align=left><FONT color=#00ca51 size=1>Number of shares</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>318,502,872</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>318,502,872</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>318,502,872</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>318,502,872</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=left><FONT color=#00ca51>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 29px" align=left><FONT color=#00ca51 size=1>Shares per ADR</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>5</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>5</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>5</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>5</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=left><FONT color=#00ca51>&nbsp;</FONT></TD></TR>
<TR>
     <TD colSpan=11><FONT color=#00ca51>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 27px" align=left><FONT color=#00ca51 size=1>DEPRECIATION</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>45,201</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>44,131</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>96.6</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>94.3</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD align=center><FONT color=#00ca51 size=1>2.4</FONT><FONT color=#00ca51>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid; TEXT-INDENT: 23px" align=left><FONT color=#00ca51 size=1>Capital Expenditures</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid"><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT color=#00ca51 size=1>64,396</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid"><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT color=#00ca51 size=1>57,892</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid"><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT color=#00ca51 size=1>137.6</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid"><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT color=#00ca51 size=1>123.7</FONT><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid"><FONT color=#00ca51>&nbsp;</FONT></TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT color=#00ca51 size=1>11.2</FONT><FONT color=#00ca51>&nbsp;</FONT></TD></TR>
<TR vAlign=bottom>
     <TD rowSpan=3 colSpan=11 align=left><FONT size=1>(1) Exchange rate: US$1.00 = CLP 468.01</FONT><BR>
<FONT size=1>(2) MSD&amp;A refers to Marketing selling, distribution and administrative expenses</FONT><BR>
<FONT size=1>(3) Please see full note in page before exhibits</FONT></TD></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom></TR></TABLE></DIV></DIV>
<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P>
<a name="_bclFooter14"></a><DIV>
<P style="MARGIN: 0in 0.25in 0pt 0in">&nbsp;</P>
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: margin; mso-element-anchor-vertical: paragraph; mso-element-left: right; mso-element-top: .05pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">14</FONT></P>
</TD></TR></TABLE></DIV></DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_15"></A>
<a name="_bclPageBorder15"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader15"></a><DIV>
<P style="MARGIN: 0in 0pt 0pt 0in">
<IMG src="x0.jpg" width=90 height=35>
<B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman" face=Arial,sans-serif></FONT></FONT></B></P>
</DIV>
<DIV align=left>
<TABLE style="WIDTH: 100%; FONT-FAMILY: '''''''Times New Roman'''''''; FONT-SIZE: 9pt" border=0 cellSpacing=0>
<TR>
     <TD width="16%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=29 align=left><B><FONT size=1>Exhibit 3: Segment Information - Fourth Quarter 2010</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>Q4</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Beer Chile</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Beer Argentina</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Non-Alcoholic</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Wines</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Spirits</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Other/eliminations</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Total</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(CLP million)</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#003300>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Core revenue</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>89,861</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>85,230</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>49,592</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>42,271</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>64,985</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>58,727</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>29,819</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>30,502</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>10,974</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>10,202</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>245,230</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>226,933</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other revenue</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>964</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>918</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>1,077</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>1,040</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>359</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>225</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>1,806</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>1,890</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>108</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>320</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>1,179</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>280</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>5,495</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>4,673</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Interco sales revenue</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>235</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>628</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>19</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>16</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>1,080</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>355</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>9</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>7</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>408</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>172</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(1,750)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(1,223)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(44)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>Net sales</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>91,060</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>86,777</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>50,687</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>43,327</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>66,424</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>59,308</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>31,634</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>32,399</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>11,490</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>10,694</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT color=#ff0000 size=1>(571)</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT color=#ff0000 size=1>(942)</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>250,725</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>231,562</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>4.9</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>17.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>12.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>-2.4</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>7.4</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>8.3</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Cost of goods sold</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(34,575)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(32,142)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(20,094)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(18,648)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(32,629)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(28,990)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(20,978)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(20,138)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(6,093)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(5,951)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>3,293</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>2,800</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(111,076)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(103,070)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>38.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>37.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>39.6</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>43.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>49.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>48.9</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>66.3</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>62.2</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>53.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>55.6</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>44.3</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>44.5</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>Gross profit</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>56,485</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>54,635</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>30,593</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>24,679</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>33,796</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>30,318</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>10,656</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>12,261</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>5,396</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>4,743</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>2,722</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>1,857</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>139,649</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>128,493</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>MSD&amp;A </FONT><SUP><FONT size=1>(1)</FONT></SUP>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(26,063)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(27,293)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(21,914)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(18,993)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(24,581)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(20,760)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(9,838)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(9,829)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(4,040)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(3,324)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(3,604)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(4,588)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(90,041)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(84,788)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>28.6</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>31.5</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>43.2</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>43.8</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>37.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>35.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>31.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>30.3</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>35.2</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>31.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>35.9</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>36.6</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other operating income/(expenses)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>66</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(416)</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>226</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>30</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>139</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>141</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>99</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>197</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>217</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>55</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>487</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>491</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>1,234</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>499</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>OPERATING RESULT before NRI</FONT></B><B><SUP><FONT size=1>(2)</FONT></SUP></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>30,488</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>26,926</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>8,905</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>5,716</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>9,353</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>9,699</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>917</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>2,629</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>1,573</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>1,474</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT color=#ff0000 size=1>(395)</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT color=#ff0000 size=1>(2,240)</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>50,842</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>44,204</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>13.2</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>55.8</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>-3.6</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>-65.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>6.7</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>15.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>33.5</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>31.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>17.6</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>13.2</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>14.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>16.4</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>2.9</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>8.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>13.7</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>13.8</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>20.3</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>19.1</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>NRI</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>OPERATING RESULT</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>30,488</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>26,926</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>8,905</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>5,716</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>9,353</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>9,699</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>917</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>2,629</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>1,573</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>1,474</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT color=#ff0000 size=1>(395)</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT color=#ff0000 size=1>(2,240)</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>50,842</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>44,204</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>13.2</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>55.8</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>-3.6</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>-65.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>6.7</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>15.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>33.5</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>31.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>17.6</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>13.2</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>14.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>16.4</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>2.9</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>8.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>13.7</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>13.8</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>69.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>237.6</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>20.3</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>19.1</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>EBITDA before NRI</FONT></B><B><SUP><FONT size=1>(2)</FONT></SUP></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>35,565</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>30,905</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>10,179</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>6,858</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>11,967</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>12,252</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>2,533</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>4,186</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>1,983</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>1,978</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>1,076</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT color=#ff0000 size=1>(239)</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>63,303</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>55,940</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>15.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>48.4</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>-2.3</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>-39.5</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0.3</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>13.2</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>39.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>35.6</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>20.1</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>15.8</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>18.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>20.7</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>8.0</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>12.9</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>17.3</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>18.5</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>25.2</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>24.2</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>EBITDA</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>35,565</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>30,905</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>10,179</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>6,858</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>11,967</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>12,252</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>2,533</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>4,186</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>1,983</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>1,978</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>1,076</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT color=#ff0000 size=1>(239)</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>63,303</FONT></B>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>55,940</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>13.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid; TEXT-INDENT: 10px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" bgColor=#ccffcc align=center><FONT size=1>25.2</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT size=1>24.2</FONT>&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; FONT-FAMILY: '''''''Times New Roman'''''''; FONT-SIZE: 9pt" border=0 cellSpacing=0>
<TR>
     <TD width="16%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>Q4</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Beer Chile</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Beer Argentina</FONT></B><B><SUP><FONT color=#ffffff size=1>(3)</FONT></SUP></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Non- alcoholic</FONT></B><B><SUP><FONT color=#ffffff size=1>(4)</FONT></SUP></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Wine</FONT></B><B><SUP><FONT color=#ffffff size=1>(5)</FONT></SUP></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Spirits</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Other/eliminations</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Total</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>VOLUMES(HL)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>SEGMENT VOLUME</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1,620,729</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1,595,528</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1,336,124</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1,254,881</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1,926,456</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1,794,079</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>273,649</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>291,149</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>58,340</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>55,098</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>5,215,298</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>4,990,735</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1.6</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>6.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>7.4</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>-6.0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>5.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>4.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>SOFT DRINKS</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>CHILE DOMESTIC</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1,271,994</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1,187,956</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>131,322</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>132,889</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center></TD>
     <TD>&nbsp;</TD>
     <TD align=center></TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>7.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>-1.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center></TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>NECTAR</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD style="TEXT-INDENT: 1px" bgColor=#99cc00 colSpan=3 align=center><FONT size=1>CHILE EXPORTS</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>256,976</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>217,361</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>126,767</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>137,590</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center></TD>
     <TD>&nbsp;</TD>
     <TD align=center></TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>18.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD align=center><FONT size=1>-7.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center></TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>WATER</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff" bgColor=#99cc00>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>ARGENTINA</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>397,486</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>388,762</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>15,561</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>20,670</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid; TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT size=1>2.2</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT size=1>-24.7</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD rowSpan=5 colSpan=29 align=left><SUP><FONT size=1>(1) </FONT></SUP><FONT size=1>MSD&amp;A refers to Marketing selling, distribution and administrative expenses</FONT><BR>
<SUP><FONT size=1>(2) </FONT></SUP><FONT size=1>NRI refers to Non-recurring items</FONT><BR>
<SUP><FONT size=1>(3) </FONT></SUP><FONT size=1>Excludes exports to Chile of 2,468 Hl and 3,049 Hl in 2010 and 2009 respectively</FONT><BR>
<SUP><FONT size=1>(4) </FONT></SUP><FONT size=1>Includes softdrink (sofdrink, tea , sports and energetic drinks) , nectars and water (purified and mineral)</FONT><BR>
<SUP><FONT size=1>(5) </FONT></SUP><FONT size=1>Excludes bulk wine of 28,043 Hl and 28,633 Hl in 2010 and 2009 respectively</FONT></TD></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; FONT-FAMILY: '''''''Times New Roman'''''''; FONT-SIZE: 9pt" border=0 cellSpacing=0>
<TR>
     <TD width="16%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>Q4</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Beer Chile</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Beer Argentina</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Non-Alcoholic</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Wines</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Spirits</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Other/eliminations</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid; TEXT-INDENT: 0px" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Total</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>AVE. PRICES (CLP/Hl)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>SEGMENT AVE. PRICE</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>55,445</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>53,418</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>37,116</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>33,685</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>33,733</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>32,734</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>108,960</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>104,762</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>188,096</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left><FONT size=1>185,167</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>47,021</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>45,471</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>3.8</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>10.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>3.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>4.0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1.6</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>3.4</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>SOFT DRINKS</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>CHILE DOMESTIC</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>33,129</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>31,751</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>86,775</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>66,929</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center></TD>
     <TD>&nbsp;</TD>
     <TD align=left></TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>4.3</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>29.7</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>NECTAR</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>CHILE EXPORTS</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>44,780</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>44,958</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>126,118</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>136,179</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>-0.4</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>-7.4</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>WATER</FONT>&nbsp;</TD>
     <TD style="BACKGROUND-COLOR: #ffffff">&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>ARGENTINA</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>28,525</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>28,902</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>156,404</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>138,874</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid; TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT size=1>-1.3</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT size=1>12.6</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<a name="_bclFooter15"></a><DIV>
<DIV style="mso-element-anchor-horizontal: page; mso-element-anchor-vertical: paragraph; mso-element-left: 733.1pt; mso-element-top: -3.2pt; mso-element-wrap: around; mso-height-rule: exactly">
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: page; mso-element-anchor-vertical: paragraph; mso-element-left: 733.1pt; mso-element-top: -3.2pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">15</FONT></P>
</TD></TR></TABLE></DIV></DIV>
<P style="MARGIN: 0in 0in 0pt; mso-line-height-rule: exactly; mso-pagination: none"><FONT style="mso-bidi-font-size: 10.0pt" face="Times New (W1),serif"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 12pt" lang=EN-US face="Times New (W1),serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0.25in 0pt 0in; mso-pagination: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_16"></A>
<a name="_bclPageBorder16"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader16"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">
<IMG src="x0.jpg" width=90 height=35>
<B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman" face=Arial,sans-serif></FONT></FONT></B></P>
</DIV>
<P style="MARGIN: 0in 92.15pt 0pt 0in">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; FONT-FAMILY: '''''Times New Roman'''''; FONT-SIZE: 9pt" border=0 cellSpacing=0>
<TR>
     <TD width="16%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=29 align=left><B><FONT size=1>Exhibit 4: Segment Information - Twelve Months December 31, 2010</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>AS OF DECEMBER</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Beer Chile</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Beer Argentina</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Non-Alcoholic</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Wines</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Spirits</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Other/eliminations</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Total</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(CLP million)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Core revenue</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>283,448</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>272,681</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>151,952</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>134,771</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>218,841</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>197,432</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>125,790</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>115,726</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>40,596</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>37,625</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>820,627</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>758,235</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other revenue</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>2,925</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>3,189</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>2,227</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>2,453</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>1,152</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>945</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>6,484</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>8,978</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>1,184</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>661</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>3,660</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>2,083</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>17,631</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>18,310</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Interco sales revenue</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>1,608</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>2,300</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>2,184</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>72</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>3,483</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>3,134</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>19</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>23</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>1,438</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>544</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(8,732)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(6,072)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>Net sales</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>287,981</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>278,170</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>156,363</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>137,296</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>223,476</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>201,512</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>132,293</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>124,726</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>43,218</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>38,830</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT color=#ff0000 size=1>(5,072)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT color=#ff0000 size=1>(3,988)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>838,258</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>776,544</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>3.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>13.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>10.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>6.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>11.3</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>7.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Cost of goods sold</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(113,816)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(114,108)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(66,543)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(61,154)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(108,666)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(101,075)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(83,876)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(77,855)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(22,622)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(20,602)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>11,710</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>9,696</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(383,813)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(365,098)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>39.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>41.0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>42.6</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>44.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>48.6</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>50.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>63.4</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>62.4</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>52.3</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>53.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>45.8</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>47.0</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>Gross profit</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>174,165</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>164,062</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>89,820</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>76,142</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>114,810</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>100,436</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>48,417</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>46,871</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>20,596</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>18,227</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>6,638</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>5,708</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>454,445</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>411,446</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>MSD&amp;A </FONT><SUP><FONT size=1>(1)</FONT></SUP>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(89,203)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(86,072)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(68,006)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(58,814)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(82,745)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(75,503)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(38,372)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(35,055)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(14,368)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(11,802)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(7,964)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(6,345)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT color=#ff0000 size=1>(300,659)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(273,591)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>31.0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>30.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>43.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>42.8</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>37.0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>37.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>29.0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>28.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>33.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>30.4</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>35.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>35.2</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other operating income/(expenses)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>333</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(798)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>214</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>299</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(247)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>211</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>404</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>182</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(4)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>233</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>173</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>1,472</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT color=#ff0000 size=1>(473)</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>OPERATING RESULT before NRI</FONT></B><B><SUP><FONT size=1>(2)</FONT></SUP></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>85,295</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>77,191</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>22,028</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>17,328</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>32,364</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>24,686</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>10,256</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>12,220</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>6,409</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>6,421</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT color=#ff0000 size=1>(1,093)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT color=#ff0000 size=1>(464)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>155,258</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>137,382</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>10.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>27.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>31.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>-16.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>-0.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>13.0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>29.6</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>27.7</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>14.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>12.6</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>14.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>12.3</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>7.8</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>9.8</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>14.8</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>16.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>18.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>17.7</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>NRI</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>6,791</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>- 6,791</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>-</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>OPERATING RESULT</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>85,295</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>77,191</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>22,028</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>17,328</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>32,364</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>24,686</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>10,256</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>12,220</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>6,409</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>6,421</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>5,698</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT color=#ff0000 size=1>(464)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>162,049</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>137,382</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>10.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>27.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>31.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>-16.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>-0.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>18.0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>29.6</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>27.7</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>14.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>12.6</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>14.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>12.3</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>7.8</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>9.8</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>14.8</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>16.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>19.3</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>17.7</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>EBITDA before NRI</FONT></B><B><SUP><FONT size=1>(2)</FONT></SUP></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>101,041</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>92,138</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>26,879</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>21,943</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>41,982</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>34,375</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>16,727</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>19,100</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>8,081</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>8,221</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>5,749</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>5,736</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>200,459</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>181,513</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>9.7</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>22.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>22.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>-12.4</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>-1.7</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>10.4</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>35.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>33.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>17.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>16.0</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>18.8</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>17.1</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>12.6</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>15.3</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>18.7</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>21.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>23.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>23.4</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>EBITDA</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>101,041</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>92,138</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>26,879</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>21,943</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>41,982</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>34,375</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>16,727</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>19,100</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>8,081</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>8,221</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>12,540</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>5,736</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>207,250</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=center><B><FONT size=1>181,513</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=center><FONT size=1>14.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid; TEXT-INDENT: 10px" align=left><FONT size=1>% of net sales</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" bgColor=#ccffcc align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" bgColor=#ccffcc align=center><FONT size=1>24.7</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT size=1>23.4</FONT>&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; FONT-FAMILY: '''''Times New Roman'''''; FONT-SIZE: 9pt" border=0 cellSpacing=0>
<TR>
     <TD width="16%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>AS OF DECEMBER</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Beer Chile</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Beer Argentina</FONT></B><B><SUP><FONT color=#ffffff size=1>(3)</FONT></SUP></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Non- alcoholic</FONT></B><B><SUP><FONT color=#ffffff size=1>(4)</FONT></SUP></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Wine</FONT></B><B><SUP><FONT color=#ffffff size=1>(5)</FONT></SUP></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Spirits</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Other/eliminations</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Total</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>VOLUMES (HL)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>TOTAL SEGMENT</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>5,147,570</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>5,071,571</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>4,142,440</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>3,915,792</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>6,590,596</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>6,000,137</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1,204,674</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1,102,482</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>212,245</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>198,992</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>17,297,525</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>16,288,974</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>5.8</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>9.8</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>9.3</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>6.7</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>6.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>SOFT DRINKS</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>CHILE DOMESTIC</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>4,342,186</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>3,985,684</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>570,312</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>520,657</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>8.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>9.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>NECTAR</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>CHILE EXPORTS</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>916,908</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>784,508</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>562,440</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>505,830</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>16.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>11.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>WATER</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>ARGENTINA</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1,331,502</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1,229,945</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>71,922</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>75,995</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid; TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT size=1>8.3</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT size=1>-5.4</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD rowSpan=5 colSpan=29 align=left><SUP><FONT size=1>(1) </FONT></SUP><FONT size=1>MSD&amp;A refers to Marketing selling, distribution and administrative expenses</FONT><BR>
<SUP><FONT size=1>(2) </FONT></SUP><FONT size=1>NRI refers to Non-recurring items</FONT><BR>
<SUP><FONT size=1>(3) </FONT></SUP><FONT size=1>Excludes exports to Chile of 80,952 Hl and 11,260 Hl in 2010 and 2009 respectively</FONT><BR>
<SUP><FONT size=1>(4) </FONT></SUP><FONT size=1>Includes softdrink (sofdrink, tea , sports and energetic drinks) , nectars and water (purified and mineral)</FONT><BR>
<SUP><FONT size=1>(5) </FONT></SUP><FONT size=1>Excludes bulk wine of 79,941Hl and 117,379 Hl in 2010 and 2009 respectively</FONT></TD></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; FONT-FAMILY: '''''Times New Roman'''''; FONT-SIZE: 9pt" border=0 cellSpacing=0>
<TR>
     <TD width="16%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD>
     <TD width="1%"></TD>
     <TD width="5%"></TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>AS OF DECEMBER</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Beer Chile</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Beer Argentina</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Non-Alcoholic</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Wines</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Spirits</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Other/eliminations</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 colSpan=3 align=center><B><FONT color=#ffffff size=1>Total</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>AVE. PRICES (CLP/Hl)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>SEGMENT AVE. PRICE</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>55,065</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>53,767</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>36,682</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>34,417</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>33,205</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>32,905</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>104,416</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>104,968</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>191,270</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>189,076</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>47,442</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>46,549</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>2.4</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>6.6</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>0.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>-0.5</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>SOFT DRINKS</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>CHILE DOMESTIC</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>32,609</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>32,033</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>75,852</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>67,811</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>1.8</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>11.9</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>NECTAR</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>CHILE EXPORTS</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>44,281</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>44,386</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>128,077</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>138,064</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>-0.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>-7.2</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>WATER</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 colSpan=3 align=center><FONT size=1>ARGENTINA</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>27,523</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>28,405</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>145,893</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=center><FONT size=1>139,243</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid; TEXT-INDENT: 10px" align=left><FONT size=1>variance %</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT size=1>-3.1</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center><FONT size=1>4.8</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=center>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #c0c0c0 3px solid" align=left>&nbsp;</TD></TR></TABLE></DIV>
<a name="_bclFooter16"></a><DIV>
<DIV style="mso-element-anchor-horizontal: page; mso-element-anchor-vertical: paragraph; mso-element-left: 733.1pt; mso-element-top: -3.2pt; mso-element-wrap: around; mso-height-rule: exactly">
<DIV align=right>&nbsp;</DIV>
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: page; mso-element-anchor-vertical: paragraph; mso-element-left: 733.1pt; mso-element-top: -3.2pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">16</FONT></P>
</TD></TR></TABLE></DIV></DIV>
<P style="MARGIN: 0in 0in 0pt; mso-line-height-rule: exactly; mso-pagination: none"><FONT style="mso-bidi-font-size: 10.0pt" face="Times New (W1),serif"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 12pt" lang=EN-US face="Times New (W1),serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0.25in 0pt 0in; mso-pagination: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>


<A name="page_17"></A>
<a name="_bclPageBorder17"></a><DIV style="PADDING-LEFT: 0%; WIDTH: 100%; PADDING-RIGHT: 0%">
<a name="_bclHeader17"></a><DIV>
<P style="MARGIN: 0in 0in 0pt">
<IMG src="x0.jpg" width=90 height=35>
<B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-family: Times New Roman" face=Arial,sans-serif></FONT></FONT></B></P>
</DIV>
<P style="MARGIN: 0in 0in 0pt">&nbsp;</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; FONT-FAMILY: ''''Times New Roman''''; FONT-SIZE: 9pt" border=0 cellSpacing=0>
<TR>
     <TD width="46%"></TD>
     <TD width="1%"></TD>
     <TD width="9%"></TD>
     <TD width="1%"></TD>
     <TD width="9%"></TD>
     <TD width="1%"></TD>
     <TD width="9%"></TD>
     <TD width="1%"></TD>
     <TD width="9%"></TD>
     <TD width="5%"></TD>
     <TD width="9%"></TD></TR>
<TR vAlign=bottom>
     <TD colSpan=11 align=left><B><FONT size=1>Exhibit 5: Balance Sheet</FONT></B></TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>December 31</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>December 31</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>December 31</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>December 31</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="TEXT-INDENT: 2px" bgColor=#003300 align=center><B><FONT color=#ffffff size=1>%</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 align=center>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2010</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 align=center><B><FONT color=#ffffff size=1>2009</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 align=center><B><FONT color=#ffffff size=1>Change</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>ASSETS</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(CLP million)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(CLP million)</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(US$ million)</FONT></B><B><SUP><FONT color=#ffffff size=1>(1)</FONT></SUP></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>(US$ million)</FONT></B><B><SUP><FONT color=#ffffff size=1>(1)</FONT></SUP></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=center>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Cash and cash equivalents</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=right><FONT size=1>151,614</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>137,354</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>324</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>293</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>10.4%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other current assets</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=right><FONT size=1>294,668</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>271,033</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>630</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>579</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>8.7%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>Total current assets</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>446,282</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>408,387</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>954</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>873</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>9.3%</FONT></B>&nbsp;</TD></TR>
<TR>
     <TD colSpan=11>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>PP&amp;E (net)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=right><FONT size=1>508,162</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>490,251</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>1,086</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>1,048</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>3.7%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other non current assets</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=right><FONT size=1>197,245</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>205,078</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>421</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>438</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>(3.8)%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>Total non current assets</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>705,407</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>695,329</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>1,507</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>1,486</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>1.4%</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=left><B><FONT color=#ffffff size=1>Total assets</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=right><B><FONT color=#ffffff size=1>1,151,689</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=right><B><FONT color=#ffffff size=1>1,103,716</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=right><B><FONT color=#ffffff size=1>2,461</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=right><B><FONT color=#ffffff size=1>2,358</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=right><B><FONT color=#ffffff size=1>4.3%</FONT></B>&nbsp;</TD></TR>
<TR>
     <TD colSpan=11>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>LIABILITIES</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Loans and other liabilities</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=right><FONT size=1>12,822</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>21,051</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>27</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>45</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>(39.1)%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other liabilities</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=right><FONT size=1>224,136</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>225,084</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>479</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>481</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>-0.4%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>Total current liabilities</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>236,958</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>246,135</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>506</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>526</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>(3.7)%</FONT></B>&nbsp;</TD></TR>
<TR>
     <TD colSpan=11>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Loans and other liabilities</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=right><FONT size=1>220,145</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>211,839</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>470</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>453</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>3.9%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other liabilities</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=right><FONT size=1>79,512</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>72,535</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>170</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>155</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>9.6%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>Total non current liabilities</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>299,657</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>284,374</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>640</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>608</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>5.4%</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=left><B><FONT color=#ffffff size=1>Total Liabilities</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=right><B><FONT color=#ffffff size=1>536,615</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=right><B><FONT color=#ffffff size=1>530,509</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=right><B><FONT color=#ffffff size=1>1,147</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=right><B><FONT color=#ffffff size=1>1,134</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=right><B><FONT color=#ffffff size=1>1.2%</FONT></B>&nbsp;</TD></TR>
<TR>
     <TD colSpan=11>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=center><B><FONT color=#ffffff size=1>EQUITY</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Paid-in capital</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=right><FONT size=1>231,020</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>231,020</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>494</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>494</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>0.0%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Other reserves</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=right><FONT size=1>(37,119)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>(25,194)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>(79)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>(54)</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>0.0%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Retained earnings</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=right><FONT size=1>311,754</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>256,404</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>666</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>548</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>21.6%</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=11>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#99cc00 align=left><B><FONT size=1>Net equity attributable to parent company shareholders</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>505,655</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>462,230</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>1,080</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>988</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#99cc00 align=right><B><FONT size=1>9.4%</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Minority interest</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#ccffcc align=right><FONT size=1>109,419</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>110,977</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>234</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>237</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>(1.4)%</FONT>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 align=left><B><FONT color=#ffffff size=1>Total equity</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 align=right><B><FONT color=#ffffff size=1>615,074</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 align=right><B><FONT color=#ffffff size=1>573,207</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 align=right><B><FONT color=#ffffff size=1>1,314</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #ffffff 3px solid" bgColor=#003300 align=right><B><FONT color=#ffffff size=1>1,225</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=right><B><FONT color=#ffffff size=1>7.3%</FONT></B>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD bgColor=#003300 align=left><B><FONT color=#ffffff size=1>Total equity and liabilities</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=right><B><FONT color=#ffffff size=1>1,151,689</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=right><B><FONT color=#ffffff size=1>1,103,716</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=right><B><FONT color=#ffffff size=1>2,461</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=right><B><FONT color=#ffffff size=1>2,358</FONT></B>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD bgColor=#003300 align=right><B><FONT color=#ffffff size=1>4.3%</FONT></B>&nbsp;</TD></TR>
<TR>
     <TD colSpan=11>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><B><FONT size=1><U>OTHER FINANCIAL INFORMATION</U></FONT></B><U>&nbsp;</U></TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR>
     <TD colSpan=11>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Total financial debt</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>232,967</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>232,890</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>498</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>498</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>0.0%</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=11>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Net debt </FONT><SUP><FONT size=1>(2)</FONT></SUP>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>81,353</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>95,537</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>174</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>204</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>(14.8)%</FONT>&nbsp;</TD></TR>
<TR>
     <TD colSpan=11>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Liquidity ratio</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>1.88</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>1.66</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD align=left><FONT size=1>Financial Debt / Capitalization</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>0.27</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=right><FONT size=1>0.29</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=left><FONT size=1>Net debt / EBITDA </FONT><SUP><FONT size=1>(</FONT></SUP><FONT size=1><SUP>3)</SUP></FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=1>0.39</FONT>&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid">&nbsp;</TD>
     <TD style="BORDER-BOTTOM: #000000 1px solid" align=right><FONT size=1>0.53</FONT>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD>
     <TD>&nbsp;</TD>
     <TD align=left>&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD rowSpan=3 colSpan=11 align=left><FONT size=1>(1) Exchange rate: US$1.00 = CLP 468.01</FONT><BR>
<FONT size=1>(2) Total financial debt minus cash &amp; cash equivalents</FONT><BR>
<FONT size=1>(3) Last 12 months of EBITDA.</FONT></TD></TR>
<TR vAlign=bottom></TR>
<TR vAlign=bottom></TR></TABLE></DIV>
<a name="_bclFooter17"></a><DIV>
<DIV style="mso-element-anchor-horizontal: page; mso-element-anchor-vertical: paragraph; mso-element-left: 733.1pt; mso-element-top: -3.2pt; mso-element-wrap: around; mso-height-rule: exactly">
<DIV align=right>&nbsp; </DIV>
<DIV align=right>
<TABLE style="WIDTH: 0px" border=0 cellSpacing=0 cellPadding=0>
<TR>
     <TD style="PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" vAlign=top align=left>
<P style="MARGIN: 0in 0in 0pt; mso-element-anchor-horizontal: page; mso-element-anchor-vertical: paragraph; mso-element-left: 733.1pt; mso-element-top: -3.2pt; mso-element-wrap: around; mso-height-rule: exactly"><FONT style="FONT-SIZE: 10pt" face="Times New Roman,serif">17</FONT></P>
</TD></TR></TABLE></DIV></DIV>
<P style="MARGIN: 0in 0in 0pt; mso-line-height-rule: exactly; mso-pagination: none"><FONT style="mso-bidi-font-size: 10.0pt" face="Times New (W1),serif"><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 12pt" lang=EN-US face="Times New (W1),serif"></FONT></FONT>&nbsp;</P>
<P style="MARGIN: 0in 0.25in 0pt 0in; mso-pagination: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman,serif"></FONT>&nbsp;</P>
</DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>
<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>
<P style="TEXT-ALIGN: center"><B>Signatures</B></P>
<P style="TEXT-ALIGN: left">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
<P style="TEXT-ALIGN: center">Compa&#241;&#237;a Cervecer&#237;as Unidas S.A.<BR>
(United Breweries Company, Inc.)</P>
<DIV align=left>
<TABLE style="WIDTH: 100%; FONT-FAMILY: '''''''''''''''''Times New Roman'''''''''''''''''; FONT-SIZE: 9pt" border=0 cellSpacing=0>
<TR>
     <TD width="50%"></TD>
     <TD width="50%"></TD></TR>
<TR vAlign=bottom>
     <TD width="50%" align=left>&nbsp;</TD>
     <TD width="50%" align=left><U>/s/ Ricardo Reyes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </U></TD></TR>
<TR vAlign=bottom>
     <TD width="50%" align=left>&nbsp;</TD>
     <TD width="50%" align=left>Chief Financial Officer&nbsp;</TD></TR>
<TR vAlign=bottom>
     <TD width="50%" align=left></TD>
     <TD width="50%" align=left>&nbsp;</TD></TR></TABLE></DIV>
<P style="MARGIN: 0px">&nbsp;</P>
<P style="MARGIN: 0px">Date:&nbsp;February 8, 2011&nbsp;</P>
<P style="MARGIN: 0px">&nbsp;</P>
<DIV></DIV>
<HR align=center SIZE=2 width="100%" noShade>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>x0.jpg
<TEXT>
begin 644 x0.jpg
M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T-
M#AT5%A$8(Q\E)"(?(B$F*S<O)BDT*2$B,$$Q-#D[/CX^)2Y$24,\2#<]/CO_
MVP!#`0H+"PX-#AP0$!P[*"(H.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SL[
M.SL[.SL[.SL[.SL[.SL[.SL[.SL[.SO_P``1"``C`%H#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#U"_O7TJ=G
M#K)%*I8JS9,3=`Q'79G`/I7F%]8_$KQ5J\UK)*UM;J<[H93';;3T*L.7_4_2
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M5`!;'U)'Y5ZG6B5]QQASKFD>)+X*\9^#M0MM0@D>ZM8)D>06<S'*@\Y0X)&/
M8U@^+KG4]+\7:G90ZE>+&EPWEJ+A^%/('7T-?1=>$^-_#^L:G\0=1DLM+NIX
MS(GSK$=OW%_BZ4FK$U(<JT/:-%M39:+96K.SM%`BLSL26..22?>KU9MQKNFV
M4862Y1F`^Y'\Q_2L:;Q'J&J2_9=)MBF>KGE@/7T%9SKTX:7N^R-74C'0R/$.
MC75QXZ-_/J4D=FJ1^3:1SD"5@.2X!PJ#N>X_.NQ32E=%:2\N6<C+,LI`)]0.
MU>3^/-8N=&NVT"$DW%PBM>71.2ZM_`OH/4]3TZ5[.GW%^E$(N>LU\B:?O-W/
MEY%;2M?5)QAK.[`D!_V7Y_E7U"CK)&LB,&5@"".X->4?%+P%-),WB#2+<R;@
M3=PH,MG^^!W]_P`Z@\#?%2#3=/BTK7A(8X!LAND&XA>RL.O'J*T6A,'[.3BS
MTW4/#^GZ@2[Q>7*?^6D?!_'UKRSXLZ*^EV>DD2&6(/,N[&,$[2,_D?RKN+CX
MH^$((/,75#,<<)%"Y8_F!7#ZQX]L?'5PVA75J+&RF_X];F0[GCG_`(6;'13R
M"!ZU/LX*7,EJ%14WMN6OA]+J$W@Y8],:;S(+N02K$V#A@I!(_.NB\[Q.O'^F
M_P#?'_UJ\UT'6]8^&WB*:"\M&"MA;BV8X$@'1E/\C[UZI9?%/PE=P"2343:M
MCF.:)@P_($'\ZQG0YY7YFC.,5+>5F5?^*GEX_P!._P#0:S=1G%G(8]8UBWM7
M'6.XN=SC_@(R:/$7QDT^WA>'086NYR,">52L:^^#R?TKB_$4-QXKT6#Q9!&T
ML\2"WU,*F,.OW9!CL1C..F*CZK%[R;%*$>C;/6;'P?;A5DN;DS`C(6,;5/X]
M:Z&VM;>SB$5O$L2#LHKS/P/\4].CTJ#3=?E:WFMU")<E2R2*.F<<@X_.NDU'
MXG^%+"V:6/41=R8^6*W4LS'Z]!^-=%.G3I_"C>G[.*NCS7XJC/Q#<#D^5#_*
MO=U^Z/I7A.@6>I?$/Q__`&O-!MM8[A)9V/W$12-L8/<D`#\S7N]:(=+5N7<*
MY+Q3X,\.7UO+>SZ3#]HZF2,F,GZ[2,_C115&DDFM3BM'\':!<WWES6&]<]/.
MD'_LU>EZ5X5T'12'T[2K:!_^>@3<_P#WT<FBBDD132+&JZ)I>MP"#4[&&Z0=
M/,7E?H>H_"O*M8\'Z#:ZFT,-CL3=T\Z0_P#LU%%#"HD==X<\!>%A;+<MH\,D
M@/65FD'Y,2*[*."&&$0Q1(D0&`BJ`H'IBBB@N*26AY?\2_"FA6-F;ZTTZ.WG
M?)9HBR@G_=!Q^E<I\.]!TS6]6$6I6HG0'[I=E'Z$445+W.>27M$CW>RL;33;
45+6RMX[>!/NQQJ%`JQ115G4?_]D_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>x2x0.gif
<TEXT>
begin 644 x2x0.gif
M1TE&.#EA:`*!`7<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+`````!G`H`!A0````````H("0<&!@4$!`D("`,#`P8%!0@'!PL)
M"@<&!PP*"PD'"`L*"@8&!H```("`@)F9_YR<_Y^?_Z:F_\#`P,C(R,;&QL3$
MQ,+"PLK*RO\``/__`/O[#/S\"/W]!O___P$"`P$"`P$"`P$"`P$"`P$"`P$"
M`P$"`P$"`P$"`P$"`P$"`P$"`P$"`P$"`P$"`P$"`P$"`P$"`P$"`P$"`P$"
M`P$"`P$"`P$"`P$"`P$"`P$"`P$"`P$"`P$"`P;_P(!P2"P:C\BD<LEL.I_0
MJ'1*K5JOV*QVR^UZO^"P>$PNF\_HM'K-;KO?\/@11*_;[_B\?L_O^_^`@8*#
MA(6&AXB)BHN,C8Z/D)&2DY2"1)68F9J;G)V>GZ"AHJ.DD)>EJ*FJJZRMKJ^P
ML99#LK6VM[BYNKN\E:>]P,'"P\3%QH^_Q\K+S,W.SZ3)T-/4U=;7UM+8V]S=
MWM^IVN#CY.7FYX#BZ.OL[>[0ZN_R\_3UL/'V^?K[_)+X_0`#"AR(YQ_!@P@3
MNC.HL*'#A]<80IQ(L:(PB18S:MS8"B/'CR!#:O(HLJ3)DX=(HES)LJ4=E2YC
MR@0)<Z;-FQ!KXMS)4Z#._YY`@]+[*;2H47-$CRI=BBWI00$#A@P0L(>`D)=7
M[PC(:J>`50(%]@PQ@#4`G25GE>PI<$`J53P(AB"X0TL/VCILW8H],B!!G01"
M!MR)&L!OGKR!WZ9-<B>!`JL!#"@PO#CR'0.G[HXM6WE.6J-.![8U<N!PW<6-
M,9NU$Y?(W#Q$%-?5K!;/`LA%7MM1;9FSW=JWC^BFFX2R`B&*MP90D">X$=UW
MZ;1^7J<(9<"9:\>NGA4M@P0$#@A@(#1T0,)'2MM9D.ST@N.G06!G#I]RV0`$
MN*^FS1AN$L7R6><;;+5-9P2`^AV1'QWLX5<'9`OD86`1;T4W(86=A44'`T5T
M9O]$90N",)M:5JD68D_F]:-<``Q$N$`!0P"(WFIT1"586KRQ)H1?V`V78&&H
MB<A5'_$1&,!;"Q"FGG2!"3%<D0,:B:221MJ!'8T@<!A`6#"R^-N1#%(I))9X
M7*E``W0D8.)B5BW9%FY!?KECG/K=T4!K"*`95(K\P.=CE\REB5]\'$)G0`/Q
MC<;=DF5A=N.(9.X5*7%8-HBE:@V25>>7?,1G:95_"<$H")@9L$"IDJX'*1^M
M!?H7`0SH*1=73JXJJ:-TYMJ``;P>6AZ4'*FF9QV9/E@8L'4,$&%\IP$[1)?+
M=M<?I7W`9\!W>LP'0GV;&NG9MD)<:Y^<11@P;I>0:9C_A[78%C0M9,-^*8!5
M5&UEP(H>_O*L$-%&6B2]6YW($Y_[.)L5C',A2VVW!IN%6<+2(@'J'J<6(=X=
MK=7K9+?N2LP@;Z(B>%\1RN*!F\!W5$S$Q3]VF*N1C@4P5UR30?HM+0^/V;&=
M-Y[YZY`T`8W:J9HJ'&6S0NO<I<YC?AOE'@S@)JH=D'$7HL*UU1&UQ>26&R\(
M*XJ,Q]8KMZSOD!^.F8"]I!YY9;Y(F[4TE$871;`^PM(A@`(+(&K9<14FO3/#
M2=>%69?["3[X'PT(@(!J@?I]A*R*UUU'XX\+X>K36M[X-!^80_XRU4(,F_80
M"?BM7`-O,\UIVX@OSE1E)L$7_VA;!A`F6-:OTZ%H6J,&"6..KA.I.!V8^J;E
M$>05O[`>R7,LO?/47\:O;T:WVO)B?H$<8,2='AP9W<?;;3E%*_+=P(Q4\3XQ
M"*WQN/'BWE?__KJB1@AV75(7L2#6QX//`?2'+]F!H$N:^MP=!$A`6V5K"#X#
MP0):ASH0H$<P%#S>:>JG0*7<31\S*M?]>O<]^LQI<2M*W+2FUY@D,,=OHQH-
MFK13FRL987-F<XT!R^1"N)UF>>D1WK."Q)\ZI'"'2_D@"%WXM?,5:4(^XAB<
MFN:TT6'L"*;*$G*T(@3RT'!:%XJ,_BB%Q3&R\(I&R"(5T\8DYFWJ2H:QF6?B
M,\4.'O]%B?K8FVJF`A_/6?%Y?SG.5%)E1#FR\8R-@4\`#M`\$,#+3D+(SQ<]
MEB9%,E)2_D.`&1%I)4LV<HTN^PL"(`,K,\9M4T4LI-#.!Q0\#F1>XYJ=+.?A
MREG:\I:RJ"4N=\E+5.BRE\`,)B=^*<QB&M,4K#RF,I<9"F(R\YG0-%[YHDG-
M:B)SFM;,IC8-X<QM>E.8W?RF.'<9SG&:4Y;E/*<Z[YC,=;HSFNE\ISQQ$L]Y
MVC,F];RG/E&2SWWZ,R3]_*=`-1+0@1IT(@4]J$(5DM"%.G0@#7VH1/D1T8E:
MM!X5O:A&%]+.C7HT:-C\J$@_DM&1FK0;)3VI2K/1T96Z]"#_*7VI3)<1TYG:
ME!@UO:E.>Y'3G?H4%SW]J5!C$=2A&I4513VJ4DN1U*4Z%11-?:I4-Q'5J5J5
M$E6]JE:1T=*M>A6G7?VJ6'D:UK&:%:AE/:M:B9K6M;H5J6U]JUR9&M>YVA6J
M=;VK7JF:U[WZ%:M]_:M@N1K2P1IV)($]K&*YF=C%.C8067VL5B,K6:M2%IH5
MTX-7(J,;VUEID97%Q&6?29@\C&8(Y#E.`@#CJJC$,K2$G912"VB'K90,,+M+
MG-Z6`UM?-':CO!):5#8II,^02HV]]<=O+ZI:H?%*`&WI"QU4R]H#;BFY@"VL
M3:N[2B,8QK/L01EV'3':8_+*N%AY_TU<_)@L('EVO(TH;S%5BU[N8(6'@J$N
M;^&["/F"LXI1N>\=K!*M^O(W)<N5*"5WRS<MXA!&S9/6@17AWV-@II.B>NT!
M2]19S7TV>+:@U6I.>\*/)5"_.)PP(2I<#/B$"D-W(+&74-Q>#>>21EQIS0'&
M%1<`O5?%"-9N11)PVCH<YS4P$IAM(X3;XCIY*RD&,D43/&7EM%?`[26NA(]+
M7"D7C,K[V+&3>3BJYT;WNX6I+HS4Y66`L+@8@FL+@HZ`9MZ&M\T0!7,_A-8`
MJT1Q?NO-@VO!M5\\Y^/-8+53SMR%Y5#E-\V%-O10]#QE.^S*2X+&DM`([&0A
M2_H;B![&D/\P(S8&1XA##\;TEC]-2TI_N0YA-*Z,[4,T(T,ZRJQ>1Z@O0B.0
MC0C6&;ZBCSWL##DX8:Z[)B<1'.`$#CC[V=".MK2G[6S9]O?84TVV!X]0@6YW
M.P`=H+:XQTWN:%N;KTS0J;9W@H0(>-O=W89W!=PMA'+;^][//K<J%BS2=9]D
M"=X.N,`'+G`+!`#?"!^WOMEZ2`6[FIE%F/>[)QYOBDN\XAB7^`4.GO".0WOA
MN@BE0OV-4&X3_.0H3_G`,<!QCW<<Y,"HXCU)#E,C4,#B\LXYSG>><9U7/`,M
M=SF^86X,D;^3Y@$9@@54SO2F._WD01=ZN8G.#*./$^FM/H($>'[_\:[[W.M<
M_[K8ORWU>U,='@VW)M8YNO2GN_WM<!=XU,L^[;,WY>$V6?LYB`#VGH?][WX/
M?-\'#^\`>(#NXK8[2M/^7T_/C@@8B+OD)R]Y<".^[FY6_"&@&TDV;]8`492/
M`(U#;$&!&-1X_W<``$]XUH]=\*]O/<;K??F/^T3S@TAA%WU7A$]^;SLTKA&0
M]IYZCAB!\LA/ON0-7OM\$X3QBHC*6["SO]L&@+U'ID.2.[T:*.NZ^!D1`@9B
M3W[7FQ_VY^_[QIO/`=R_(\$!LV``NGQE^VZ95_1'O>/S/@3E^___D\=RS>=^
MK?8(A.$K9G9]-F9ZX+):O+5F[*!WS1``_^.7?N6'?A@H>QIX@1<'=+5'@),&
M@L@3+GY!9WP@9]/E87<6@>"7$'P'@#`8@W$W=RXG@AAE@W%1&H!V?7K09S*C
M!X/V8^,@@7`V`19XA!G(@4J(A!5`@R]G?")X%6@S*9<6>@'R:`Z(:]M`A,'0
M?S+XA6#X=DZ(<#:H#Q@Q`,AU%0%F7XJ&:7G`::L&#EP8<D.0`1O(A$N8A'C(
MA`'P`5)7AGL&<L<1*#2S/PV&:GA`:FNA:KI%#G,(5!<0AI(XB6+HAS7(3WYP
M:6.A)[/V&;%&+.>5@EE8#H]8"TBPAWJ8BG>HBGDX>+3WA)C8!PU@._&B8Y1Q
M%;XV)#UF!T(HA_\M>(-/0(G"*(P:,(8*QQ*_*`^EZ`I;P(JHN(K0V(I?1P'&
M2&V`6'/XE(P<%0;#V(T!6(W2=HT(L7\/L8RKP`;1^(S2^(P2`(ZVQW\K88Z^
M9&RKYXWV&'#N6&WLQD_:2'STV&[J&)#.&&_Y*(X.89!FV(^.^(]1<(]?Z(X(
MV1`1"8P329$,607K.)#IV'-]2&X5.8X?^7X*J7\7Z04."7<=F7A[(A+R^`DE
MB08"N9%>]XKA6!X`-9+<\))P<)(!5XS6:#<@%9+MH),,J9'2R'PU"9102(ZW
M1Y1$28D":&Z@05(X&1%.>97<EI%>YX'OJ)0$594LA95BF03)QY7Z>$?_&]&2
MB#66;.D$2]AR0GF0:0F6U-"6=CD%3,=Q<2F7X4>7TW"7@'D%$W=P>RF17\F4
M@1B8BID%2728A;F0BQF9C&F3?8F84R:9F/D$&["9G*F6K_"8WN"9HI69I*D$
MG'F:J&EUR.B85%F:KDD$J!F;LJF:+,F:2_F:I2F;NKF;&R":PP2:BV>97X:;
MF<F;QLF;M%ERMCF7Q"F9Q_F<QYF<(`F<.>F7:-><B@F=VJF=OID(`0`!$$"=
M6VB=SX"=V;F=Z,F=W3D(WQF>R^F8YCF6Z3F?\[F>1`*>[EF9XAF<\8F5]/F?
M_RF=Z-">X+F?5BF<"=F?5PF@#,J@`@IJ^%F@_^^IGPI:D@UZH1C:DD(0H?EI
M$?89"17ZDA@ZHB3ZH.7)H1*JGZT9HO1(HB[ZHFNWH2AJH&%)HW?'HG+PHCJZ
MHR;:A2B*GS9:E^19;#@:!SMZI$C:HT#UHT`ZH1Y:I&Z`I%(ZI;TYI'\P!$S:
MI"IZFU"*!E3ZI52JI+Z4I1P:I']II577I6D`IFP*IF+ZFS)*IEKZI`AZ:&IJ
M!FV:IWF:4`0JIV7JI!5QIV2@IX1*J&_*"%CJIS]JIM?)J$(JJ&!0J)(JJ;64
MJ(K*I(Y*I'5J#Y#Z!9/ZJ9]ZJ'[0IY>*J8!*$9W:!:"ZJJLJJI51JGZ:J1.(
MIC25JEG`JKB:JQ)AJ?^P&JNG6G*V6@6Y.JS$JIIQVJN7*JMINJD6&:Q00*S0
M&JU'@*S(JJRURJPAZ*R:&:W<.JQ%0*W4:JW*\*'7I*U,T*WHRJI"\`#L^@"D
M"JZ**J['0*ZQ9:Y)D*[X:JA#T*[M^J[P*J?R6G2T.J[V>J_Y>K!N&@#\NK#N
M^J^P&K!P-K#S6K!'@+`6RZ-$P+`,ZZ\.:ZI;RIP4*P07.[(-:@0:>[+LRK$=
M.Z._FA,A&P`D&[/H600H6[/\JK(K&Z$0"U;8FG4%*[-`.YLF:[-$>[,YZZL?
M"Y_.&K1,2[-%^[0:B[-'VZ&!*K$"JZU,>[%(`+5<B[)2>[0[*VI6&[%+F[7_
MW7H$79NV1?NU.1NVO-:SRABL9ENL3JNV=ONT;+NR;MN%8\NS/SNW1]H$=SNX
M:9NW';NW,=>W8INJ)^L$@)N:@DNXDCNY#3NU68JX9`6W(LFX=WL%>AH%E!NZ
MHANUEGNY+5N.MCJZ7+L&JMNZKDNTANNPF,L+]$I>J?NZN)N[NKN[71N[_SJ[
MNU"[\76[O%N\QGN\K^N[\`J\=*BYV]BIR!N]TCN]:JN\X,J\N2"\B$J\U-N]
MWON]UANNIWN0W/N]YGN^Q1N^U3J^$EF^Z/N^\#NZZONP(!N4@AJ_^)N_DSN_
MI8J]V:NXBPNI^CO`!+RZI3NC_HM6SON\]UO`#OS`_QM[P']:O_:KIA!\P1#,
MOTA+P14,I1C\P02LP62:P,U+PK3;P""<PO`KPAZ[HB:!PBH<P^`KP53+P2QI
MP3*<P]W+PBQ[DPO<K"&JPT(LO3P,I"8<O`!\K3@ZQ$QLO$6<HC?\P[$0,XMD
M'Y]GA1]#(T((&*<W,@K:Q&"LNT4LQ7%+QJY@0UL$`C+F>W906@U87<*W@#F$
MG6%<QZ[+PT><N&;<"MEG7?FQ9%>H!P6T9=Z7#D%LQX@<NAJ<Q$KL#6OX&</U
M!\'5B%F!?[/PQ8F<R83+OWD<P.7`Q<?%>=*%/]3WQ@]X72O6GYJ\RG8[OYWL
MR>2`@B;80LS!%>#E((A@GO^LO,L&7*U[;*>_[`H^^!H[R%['96`U1FA:&#[$
MR<O.#+OK>Q./6(5L:&#T-6:?A85P7`BX^<S>W+C]&\S#^<J!<&F?],C8#$J1
M`H>-R%BE^<WP;+0`*\Z)2<Z`H(BUM1RG%FGJ?`<09ES"29KQ/-!2:\^S2L^H
M\(F=F,[I7&NBN,T4)ID#'<_^JKWSB-"ED(LT8HO5W-'P`R:VQL_;&Y@3#<]]
MRLB0:=`WVI8E_<WMB=$NB-(LR)8M[<TR[8\J39)$6=.L;-&F>--EK),\G<DP
M7;5%#;+_.-1A[-,E#$_TJ-1,?-0V_$S&!M4Q[*I,P=3+J@96G<%8;4M:W:AD
MT-7_^OO5O136*]T%9&V^,B=.:!V:6[#61/S6*VU06B#7N<MO^T37,QVY>+V_
MT&?70-U*:/O7U6O6]L3725?8:]T$+Z78#.772^W81P79*SH%T1L%9F79>Z(&
MA\79N<9+H!W:N#3:I`W6@WW:%V7:JOUXJ=W:#B?5!T;%8D8'LZ@Y7U-)P9:"
MD0;*L9W37H7&(`TR"?1BP'=KR?S;L!T)?;Q],!(HQ\%FX()D#D+((CURK^U6
MZ*R&P]=D;:QI9G%_R/50K+U0H#R%?`#*-`:!%E7>"B7+X'V"('W+XK50[CU0
MPUQ?@I/?F>87O2C8LGU@U*S?5+AH^&7*RZQ/]^U/YOS=_X;AW9:&&6QL+`7&
MT`*UX/N$SWBQ7]&=B"!M&A'6S@>%X??TB<1M7Y]H8K8VBO:=W6NET0Q"B_8%
MX\`V;-=]X2Z^W".>XSH^4"3>X^S&XT#N3S\^Y/P7X$8^4T6>Y-F(Y$SN4DO^
MY,@HY%)^=%1>Y>L4Y5C^PE>^Y>:DY5[NP\`=YMX$YF1^FV=N6&:>YDG+YGJU
MYFZ.JET>Y]4$YW2.NDY^YPYEYWH>V7G>YSO^YX#NXW,^Z,K$YX:>9X*>Z'M=
MZ(S>>&/^Z,&$Z))^F9%>Z:+MZ)BN;(N^Z>Y$Z9Y.D:'N5:`^ZD%MZI.EZ:B>
MU:J^ZMO6Z:Y>YJT>Z^8#Z[2>3?^E?NM(,>NZCB*\WNM!;NO`#DVY/NPD:>Q#
M5>S(7IW"ONS'I.S.?J"7'NU'/NW4+A/0?NUGVNS:?M:_WNVJQ^W@7MK?/NY1
M;.WF'N[HGNXED>WL/K'B_NZL'N_R_NKK7N]HCN\?Y>[ZSK?TWN^=_>\`[^L"
M/_#!?N\&#ZP([RUURBP%<18@BM@O@54C01?Q90E7"O&C.JX6/_%Q*9W^<M`+
M__`33V'5<?)V`:(=;_+7^)AH<_&0E?$Q/Z\>7_(5;_,8#^_3OF!D`H(]K_&P
MP<U.\_/])2+(4*[M8?1`;_(S3R0Y_[^'A&-*/_4C+7)$SYX$6_#<1/)+/_7,
M0BM4'_;_)P_V7H]-,)N:.%_VX"WUDQ+>-5]<.`;VX*/TX;WV5SKT7L\P%NXZ
M<6_W$#^%4J_V00_X0*]"8T\G4L@Q3C1PFG;X&K\?V.Q$2=GU8Q_X;E_W?>_O
M.\_U:X3R=(_RJ_0;CS_ZE%\0L;GVS0+ZH-_VGM\=`+WZI$_WD)_WTF3UI&_Y
MLV_SLV_YL/_YMU_XC.;[1L_VO<_[G:;ZI4\7,ZG[M$_)P$\DDY\KKB_[L1_X
M)ZSUW,SY1&_\PI_VK?_[R?\2IY_VN5_^R6_]Z/_\W&_^*X])2>_[Z]\IL?_]
MS8_\N1_TU?_WZH__\2_VG<+X0``2"@.@(M$X/!Z33><02N1,_ZG,:("913J7
MRN@7'!:/R>4O%FM6K]GMM74;WZ+31KK<"]8VEW=R8"-0T`JN#XW(#PZ1KBO.
ML&XO,L^N;HSQ<+*HD<\+D[)147(N#]22-)$/50DSTH_2+*!"-D*VD.L6E[$L
M@*K*--=1SM.-N/AOV#A9N3@4RO8)#QIOLU3:4G#0^2JZ^6P;E_,[?)QZ]Y*P
M,Q@\<U2\''A<C]1[D[T]WOM/=K_"5DL4WY]>4]!I@P?0X#*%Q%PM=/@P7T)H
M[Q`FW!/NW35L&PK.NU<O6I)6Z@!21&3NDD1('J7U^4B29;6+]B[6)`G*9,@K
M%6C-ZC:)G#I+`SETG",S)E"(2_4@8__Z--DY0KI639UYI=+!JK#..:.ZR.M5
M:YJ\<JDT,NA)16>Z*LUR5JE:1UD]U81K=FW#85:!IGF+-RS7E.*$"77:='!5
MN'?1OH+Z6#%DR9,I5[8L[W)FS9O_</8<9NWGRPU%ES9]>J%8U*M9PXK;FG)H
MV$Q)S[9]V_1AW+M1Z^:]5/9O9;6%%S=^''ERY<N+$V?^''ITZ=.I5W=>'7MV
M[=NY=X=XW7MX\>/)EU\.WGQZ]>O9MW^,WGU\^?/IRX=?'W]^_?NAW^?_'\``
M!13-OP$-/!#!!*/R3<$&'7P0PD6"BY#""BVLK\`+-=R00^TR[!#$$$5LCL$1
M33P1Q=8^3)&*Q19=?&K%%V6<D<8W2JP1QQQU9"NK'7W\<<<8@1R2R`N%+!+)
M)!,\4LDFG=R/R2>EG+*]**F\$LOPK,R2RRZGV]++,,4\#LPQS3QSMC+17)/-
MSZ1Z$\XXY9R3SCKMO!////7<D\\^_?P3T$`%'9300@T]%-%$%5V4T48=?132
..2"6=E-)*+;TTT2```#L_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>x4x0.gif
<TEXT>
begin 644 x4x0.gif
M1TE&.#EA7@)2`7<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+`````!=`E$!A`````````H("0<&!@4$!`D("`@'!PP*"P,#`P<&
M!PL*"@L)"@8%!0D'"(```("`@)F9_YR<_\#`P,+"PL;&QL3$Q,C(R/\``/__
M`/W]!O___P$"`P$"`P$"`P$"`P$"`P7_8"".9&F>:*JN;.N^<"S/=&W?>*[O
M?.__P*!P2"P:C\BD<LEL.I]0HF9*K5JOV*QVR^UZO^"P>$PNF\_HM'K-;KO?
M\+A\?B71[_B\?L_O^_^`@8*#97:$AXB)BHN,C8Z/D'4CD925EI>8F9J;:H:<
MGZ"AHJ.DI62>IJFJJZRMKGFHK[*SM+6VJ;&WNKN\O;Y\N;_"P\3%QE7!Q\K+
MS,VCR<[1TM/4@]#5V-G:VV?7W-_@X=S>XE0"`R,#`EH$(LCN5@+P5`7M!`5=
MY^GK5B<$!@>FK-!P`D$"!5@,C##P+@5!>",0-+2R($&[``87;"EXL"$*>@SV
M49DT4>"\?BJP_Z`8H%'#`A$#K*`+T!)+@9`P^3UT2*7BQ8PH14BL@L#.P(@E
M!YJ41:X<SA(,;)(T&8!BT:I4%))@J.4IB9@>2R`(>!0%`H16KF(,:V(GU0`Z
MIVK0:H*K2K-H=WX\<+$$5[ENJ691&O1$RP0B=,H+D"`+WQ-_4TZAZS=LS9=&
M4Y*("S%E@P4$&`AHX*IIN)DGHE8Y@&KJ`<13,3>&75-F"K!OZ^H]L;M$XRJ8
M1]0LBY4$@9'S*)O06=C$[]XEYJ98!W@J8.0\FY<XKH%U`.X:+@9,.!VZ(>4E
M.(_`-Z5!=.+?L>=NV^XJ^%6FORT.T"#@@0(C,(<:5E.@@YM04VFE$?]F=E6Q
M7W_=`9B8?%2XM]9U%$ZQGQ5:S=1@AH+MUA))P77DDGV#G;1AB'?!-<4!,T55
MW3P8!L6%7,%5*`(^$I*6HHO=Q1@8%B6BM0"*5+6CF@8A]36D),*Q"*(&"FAE
M0%[XU5C.%+!]*.%S+SFIHUT8*3`53L@M64675ECXW(Q5:0EG6B)X-Y2-22$(
M%DE:/3<%:`U@65*&<I[D79PG#:GEE%`")X*:18T5Z4:&3J)EGQ01$"AV6B%'
MUY-!%;5GHJ`J@,"I9Y6V:#E7"6HG%>WDJ,4`9-%H*X%$B2"HF6M)::%$DLFU
MV'VR:4!;HWD&(&&M6%TD:!?"B@">9+`A\!G_LH22BNV/)B!0FX07L9=%M==J
M9XBST";6SCKR(+!AL#O6"2JHZ\ISGRKYC:,M20`RM"J+UNTK,($J^,N3"N)*
MY^)B'X)*TB1%&5R<MC>F(*YD!ZCUJ'IXSKMMBR;0:D5?]UZ1,53J\>8QE!4%
MP)!"">0(;U41SPN8`F"9R$J^VV`X2<9#_:OHK2T6/=\(JLVL6Q47(5?RG&Y)
M&)A<;8%<&78JM]?7HU(.C>N/%>/E8(!>-+!U`$D??%+5.RW0K@9%"2"SVE5)
M?9W0.^/]3:L:)G``KQ(AQH_0`1.L+=]5`(XUTF12#)VW5O!Z@J!0DU24A,WJ
MNOC7FV-4V\J1"V#`_U6-00TZHQVW!U/J72@@.NF@HSL?=@OPNI@"<W-.X>5W
M.\Z4WMS`]EM(",P4DV1:G&FKFE0(SZ$(;SI>*%8>MIF"CU,^#`^`:DT&_>9@
M:U#]H%=<-9Y@(^3U:M=&)T^JZ5J8/]&EW\].E48:NV2I]-MCU+ONM."9-O;C
M-YQMQCR^&Y*"].<R+.P'(-VQ$)!`-SU8B:!!9S,.Z[1'H/PQD#%H.8"LL'61
M!FD)-@P8SX9BY!_CH8YU'Y/0G=AW!12J<'\`_*")1%@XC:`F)KES7P=S`3Q<
M%'$;`Q)+^RA%H&(="PM)_`KYS)69)D:)2ERK`DZP5+EY[(=`$DQ-^#XXG/^4
M!,<Y&L#<<CH'/ZLM[86.0D'I)!-&$RR)7^M!GV:\2,0$JLJ/Y8CB"'1&PVTI
MIV%:%.,4V?*>D\QD*!9BC@86@SV'=0978O+>"2J9ND>RD4\%&8]7D,;(-D(I
ME#`D3[>8]1%-FJ"2)+HB#C\BETS"\7>`+(<`$G`5=<`&-X5D7<O4D8\?2I*"
M>\35H1HC.RKPZCY=Q-6*>F*`BVCJ?$M<YM$\T;)'<?(F2$L8`K^V*A3\`YO!
MI`ALT(8]PKBDFM*"T*`*-TY$2?-_O1#@EC1$@,_M\Y\`)84^`TK0@AIT$P,]
MJ$(7RE!$)+2A$(VH1.?PT(E:]*(8%4-%,\K1CGK_=*,>#:E((0K2D9KTI``M
M*4I7RM*>';&E,(VI-E0JTYK:5!@TO:E.=QK`E_+TIT#M:2Z#2M2B_C&'1DVJ
M4O'ETZ4Z]:F0R"E4ITI58#2UJEC-ZAZDJM6N>K4;5_VJ6,=J!JZ2]:QHQ5I:
MU\K63H2UK7`]JUGC2E>HSK6N>$WJ7?/*5Z#NM:^`O>E?`TM8F`ZVL(@]Z6$3
MR]B/OK6QD#7L8R-+6<5.MK*8=>Q0,\O9E2ZVLZ#]YV=#2]IPC+:TJ)WI95/+
M6M&NMK6P->UK8TM;U6ZVMKC=YVESR]M\SK:WP#W&;H-+7%PBM;AOJ`=&Q$DG
M9]HCA+U";B*&RULU\F=<__-H!VNXHQ#F2E<0U,TM.A9$J@4\!3D/Z4YTOWN(
M\,:U*`Z,E$X4\-P7K3<+89+$8BRX7>EXE[V`<&];87,%4Y&@)=J-CW^Y@(Y4
M68$!&ID'?;^C`-;,$,#6^&UBS7N=D)"7.^YPAX73!;D48?>8&`ZPAA&;&%+%
M2G_<2?!QNNN%_)KX"F&:,`&>E>*MKKBP$$YOY$B&%AU7^+XRN1/_H`@7&?=8
MQ;=E+:D,+!0>"VX+B&&(O=R'X_B$^+A/EH.`VTHJ=+`+;5W><7TIDIZEO.,*
M9@Y/`/H;YCZ,F:WO,QR<FSQG!6?J.V5$"9NY8^0ZV_G'B77QPOS\)R\CRM!9
MBO]R:FV5QA*(,\Y.AK01)8U:2J?1'I*T<:$U;8H[D_K4?S`UJE>M!U6/`KX:
MDF\6E(L`]HQZQ*S6JJM#06`J:<R?UB5-IFF<ZZSNFA,<AH>'8;QG\CY:Q$@N
MMET178L69^[#6\BODXF-C2B\0-IOV5*0X3%A:?&X0&6BTG-Q70P78.#=\(ZW
MO.=-[WB#^10P2/&Q04%NM3CX+B5>TP2%F@()&!P"!I<`P@]N\`#4^^$0MW>&
M6\G;?7\"'G&6!_,&/>A1ET(&$TBXR$>><`HX/.(HG_>]H9R=T%J<$YU!;Y)E
M3@4S9UH3/5!XPA>N<X8'(`,I#_J[5]Z(K%'VY0C-W)G_2Y;E23(ZOU]VA!)(
M3O6&"SWH1*\$\@"+=)QCQ;H7J\H9!X[I/I?,#]X.0,_7SG.$G_SJ$,\ZOXU.
M9FK?8A[*)0!SX`$:0#N*T&L^=-I)4'625^#M<*>WW#<-UZYS=/`%;_O.=_[S
MQ-=[\9&.CE@='U'(OR#DA4\XXBT/;\SW]*N<5ZCG:2!YAA]\]*0W?;79]M34
M!W3U.`B]P2<`^\3+WK>_]ZS=1XI['K1^[94G_="_87MG-%]?Q?>![B70^ZL'
MGQB:Y^GSJ1'](D1@\JZGOO(Q<'UE;-\7YV]&]Y,0>MXKO_SJAS]#TR_<]2\!
M_#VW0/51+O_X][^@](=]]M<$_Z&W?Q'W?\[':?,W?`0U@%&`?PMG@`^'@-(0
M@$RE@!CE@(-7@+Z740P8#18X>QKH>>&'<"8'=Q2H6AT5@J\P@MU7=<F'=2*%
M@>+`@JW@@NM7@N(G="G(?#0(?3U8@SAH?S#(@YXU43;X<4.H@25X>#(H?)WW
M@=.PA"X(>B(7@W$G64'8;E*8@%2(@VPG@<LG4ULX#$EX<5](A20GAF6H6ZK7
MA>:7AE^X=A$@@6VH6S_(#&?H=7(XAU<(=!.H?0T(AP+8AW*(?%DHB"E%B#AE
MB(YXA8'X4WG(A9.8#8YXB0&P<.ZG>$1UA[.PAY2`B9B8</K'B4'EB<8E4:(H
MBA%HBO^GN"6@^`BKN(JBIW)&A8HWR(BZ,(NS^'T[6'JW6`ZQ6'2\.(L2<(+`
M&(RR58D@6(R\2'V`2'Y*A8L72(V[X(S.^(O6"(#+N(UW=P'@&([B.([D.([8
M6'P[Z(T-"`[#.%WE^([P&(_R.(\7<(XZX(3J>'OLJ(L!1(_^^(\`&9#TZ(P9
MD(\IM8_,J(<"N9`,V9`.*9"XYU0&B88)N0P!\)`8F9$:N9$8F0,2Z8,5:7X<
M.9(D69(FV9`A^7@@.9$M>)(N^9(P29+\:%`LF70I:0P7&9,ZN9,\*8\W&5(U
MR8=!N3,]691&&9,SN5`_V8))R91'^910V9%+27Q#B0GMZ%#_.1F56KF5/EF5
M2NF5EG"5[>4`6<F59KF53:F*#P"66I>6-TB697F6<MF34\E2`?``:[F22ND`
M9#F7?JF3;FE1=YF70+B7?!F7?YF8&EF7,368A.E2C(E^?-F7BEF9#QF8&8B7
M>,F6H8B9^#*9E&F9HNF/GIF9FOF8ML69`@6:<#F:KOF.D6E3CJF9JAE5I5EJ
MK'F8K[F;M^F!ITF;>JEZN:F;NVF9L2E8LWF:M2F+O;F:P]F:Q3F7S>F;OZF<
MP7E0`?"<DXF8T?F4QZE3(E"=O[F<4C>=HI"=VDF<W7F4YNF!R2F>Y$F,W[F+
MZ;F=W+F>+CF?X/F>XHF:EMB>_%:?_Z`I`OCYD@":@?S9G_[9;0<*<P+*F@1:
MH!S9H`BJH/T9GXP@EH2`G@\ZH/<IH0"IGSLU`A:JH!BZ"!IJ#1TZG!$*HB$J
MHOM9HB5ZHHJ0HN"UHL])`B[:E2Q&HC)JH30Z712*<SA:GQ\JH4,JF`GZH]49
MI%@)HP%4I$8Z`CL*I;(9GDS*I$[:7DEJE5+:H3H:G5VJBDN:I1=ZG33YI2L:
MIJ(YIB3EHV9JIENZH6ZJ=6HJI2WZEU9*AE@:IWZZH-5@HX'`H7>*HVR*EGNJ
MA67ZIS.*I@!8J(6:I^PYIPT%IXQZJ90*7G4:BI`*J8>*E(EJ621PJ:1JG84I
MG)V:JB60G_^9"H"C6JJP"IRGBIVI6JL>2J49N:F+V*>QVJN;Z:@-:*O""J&?
M2IJMBH>6ZJO*"JC<IZM1-:S0FINK&H_.VHW+>JU-"JRW%ZW<RJ)L6JVIF:S8
M.J[,.H7@6G3=FJXY*JB4R*OD^JZF"IG'^JSJ6J\#2INTIU<E`*_\:J+:FE+V
M&K!D":3L^@PFT*\(VZBSFJ8"6Z^+JIQ;AX0ID+`4^Z/SBG;GFJ$-Z["]2G?(
M^JH5&[)Q>K&"1[+HNK'I^K"8ZDYFZ`(B^[*D:K(^%JIOB;+=JK+CR@*;M@(P
MV[/8*K.MEK$H:K,WZ[,$:P-OL`-&N[3\"K2P(+0U2K3<BK-,.[+_/U"U6)NU
MO[JPCRJUT$JU6ANV8CNV[^JT>%"P:.>U7TNV;-NV;DNN9GL':&MG:CNL8/NV
M>)NW>ENN%0BUTU6WPGJW>SNXA)NU<4L'<PL,@&NK@ENXCONX(7NXB.NW#K6X
MM=JXD)NYFINS""FY*FJYG8JYFSNZI!NSG3M_H.NII;NZK,NYIXNZJ:NFHMNZ
MM%N[6_NOVQJ[7SJ[MMN[I>NY%$6Y4:N[1<J[OGN\CPN\DTNS3$&\AHJ\T!N]
MRAN\S-N"SKNFT9N]O3N]U,N]GWN]1JJ]XLNZWBMFPINAA`J^TCJ^[+NY`,0V
MRL4`/%8UMQ9M<U>]4:J^+-J^_.NX`#1V_U]'`F/!9IHW;,JRLQFHO^O;OPR<
MMSDD#PWS8OT2#PTD:-!V80:+O[.GP-O9P![,MKZC$/7!&2-Q+R*,$3JQ;0>,
MP(_'P0/[P3!LN%V01"T1-T[W-30\!4;&;J5VOIRJP,8;PT(<J_<V7I6F&NAA
M&QH!(!MG+`.GA!J\BR*@OD$\Q%9LM9B7'$71`+!V8W_G<>?IPY>0OK%;Q5=\
MQ@H+!NA`<\C`/&OL9E5@<V8'Q>5KF\YKQFB<Q^,Y!DT'(+]AQ`K!27W,&!P7
M=0(EQE_0Q1Y+!;!6OQ@<-F6LQY),Q)(V=BT11@.<7I9L&^MP<V$<Q7[0:]"1
M!9TB9W3&;1J5NO]X/,E#3(-]UT]5T"=YP7?V\#FB%GB?7,<4<5[E$W!Q-#'I
MQ<-C,`*+N\JL[,&(C*+)[#[[9057A@4$T#2F'!^H7%9DC++&?,SMN\SH"\I[
M,&Y?\Q+`5`4`TLP[;+^%0,PVF\W:K+W>;`N)Z\7HYD_=@0#'H2W/G+37K*[L
MW,[(^\YWQ\V4LAKVBQ@1QCDYALMKH,[VVL_^7+L"'0GQ?!=C@TBC',=\1F=P
MP-!%^]!Y'-%M"=`^)G#T?-&-=L^/MKS['+H>W<H3'98@3='\)6AOAM&=/,=!
MN[8M_<$BC9,Q+0DU'=1PS&SJ1F&"Q[@[W;\O#7,_37`K_:`.G=0@W-3_H;#4
M4BR[4@V]5'W(/7U[)R"@49W5/INO^MK5"YB>82W6%6O53&G6E?K5+ZS6@[O(
M5<76?2NN<JVU9#U6=LV@^YK7+TO7:=77G0O8_;K57JC+-,FSABVC+!M8A+V`
M!ZO6%,=9D7U1C!W#.@M;ERVJ$]NZFUU<G;V?-@"W.*!IHXUZ0`!N89#:K)U;
MKOW:M17;LAU;M%W;K77;N#UIB+W;O:7;ODU:P!W<H#7<Q&W9O7W<M&7<REU9
MS-W<D?7<T-U8TCW=B9;<UMUIV)W=PKW=W%W<WOW=R.W6XHUJU5W>?'7>Z(U7
MZKW>=-7>[MUXX1W?U#W?]'W=Y'W?3P;?^HU6__S=WV3UWP"^>?8]X'TEX`;>
M50B>X,96X`Q>5PO^X%05X1(^;?E=X<%%X1B^5!J^X66MV!Y>6!T>XIWHX"0N
M5R9^XGR=XBJNVA?>XIS-XC"N:S(^XU@UXC9^I2^>XZ6%XSS>F#7^X[47Y$+.
MX41>Y!^.Y/?MXTKNV4T>WTS^Y#-XY%(NB51>Y2-ZY5B.G#N^Y8P5Y5Z.H%T>
MYB*NY62NJ&=NW9V=?6A`-?T@$`M=4@A8'&+VYFE`=/<6)UXPI[C2YW!NOK[#
M.7KNTV.>SFQ.$,APYR.QZ"H!!D;GYVV.Z&U0?H\.Z9'^!7GNZ!+--@0CZ9X.
M5FQNZ9I.Z'4LZ(G.Z/]/\C"?ONIT#A%_OC*(*>J&T^<TPNJV#LP3T^F7).DI
M74B5/>B\7NL#@^J)HNIK(^QLG.A$X^FY#N?-CEZS#D=J=X7$SNN,WNNP;HNH
M;NVUCNCV%.W`5^IU<.I_WNG,+F3D3M.#3N>OC@SD*.NOSN[!/N[DQ.XA=NWV
M7N[YWNYLI.R+;NZN3N[[;N[>ON_<7NXR#>P*?^X!;^U"INO;C@RN!^GKCN\(
MS^\"H>T8__#Z[NS5S@N):^K@<^X,W^@F[^T7O^H"\>YL$>\NK_($3_(HG_(#
M'_$J;QZGWNK7;O,[#_/_WO,'?_/5#O`./_-V3O0>?R,CY^<03_,OWP\:'V[_
M+R_O"]^(A7X*X[[MN7Y)]Y[U7E_QNZ$2+*_UN5'V,-\:0V\(2$_U:G5*:._Q
M2%_P6Y_R0P_T.B_T+J]YZVX4'C'U:B\];<?T/^_T85\'47_T/=_TZ92*U^CU
MGR[O$:\[Y)3W="_VYICND(_Q(O_X=6_G#L_V,E]*`F_TH/_QF5_RA`_V@S'X
M_F[K4P_TCB_QU,[Z51_W@Q'U%)_XK)_N`7WUP^SXN>_T[_OQ,U_Z[G[Y9$_R
MMN_ZRE_[NJ_\0]WO6N_\_`[,G]_Y17_WI\_Q!-_]S=_QJ"_TTQZ!GM_NH!_S
M(X'[.5_S21_ZO5_JE4XUQ[[]4M+TX.[V\I__\U3^_Z'?]=9A\2`0:)HXEJ1X
MCF;0NJI*LB>]KJV<HS9:UO--A^.9=L#@;0A+)87#'C'YBE%M/B0T.G7Q7L'G
MM0A^1LOF,SJM7I>][#<\+I_3Z_8[WIK?\_O^?LR?8%S@H.'AF1OB(F.C(R#7
MH^1DHR*E8^&EYISEIN<G:*CH*&FIZ2E>)^HJ:ZOK*VRL+*/JK.TM;J[N+N]?
M;2]PL/`P<;'GKW&R\C)S,S.R<[3T-'7U)[1UMO8V=W<:MG>X^#@Y,7@Y>KKZ
M.NDY^SM\O#R?^[S]/7[^3*9^O_]_NGH`!Q(LJ$R@P80*%\Y"R/`AQ(B@'$JL
M:/'B((H8-W+L^$:CQY`B17*"'&GRI,22*%>R)*BR)<R8]E[*K&D3'<V;.G=J
MR\GS)]!GD8(2+1K.I]&D2AL.7>KTJ3&D4*=2/=:T*M:LK[9P[>KU*]BP8L>2
K+6OV+-JT:M>R;>OV+=RX<N?2K6OW+MZ\>O?R[>OW+^#`@@<3+FRX10@`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>x5x0.gif
<TEXT>
begin 644 x5x0.gif
M1TE&.#EA@P)D`7<`,2'^&E-O9G1W87)E.B!-:6-R;W-O9G0@3V9F:6-E`"'Y
M!`$`````+`````""`F,!A`````````L)"@@'!P4$!`<&!@D("`,#`P<&!PL*
M"@8%!0H("0P*"PD'"(```("`@)F9_YR<_\3$Q,#`P,;&QL+"PO\``/__`/W]
M!OO[#/GY$OS\"/___P$"`P$"`P$"`P7_8"".9&F>:*JN;.N^<"S/=&W?>*[O
M?.__P*!P2"P:C\BD<LEL.I_0J'3%J5JOV*QVR^UZO^"P>$PNF\_HM'K-;KO?
M\+A\3J_;MZ2[?L_O^_^`@8*#A(6&@'F'BHN,C8Z/D)&2DW.)E)>8F9J;G)V>
MBI:?HJ.DI::GJ(2AJ:RMKJ^PL9RKLK6VM[BYNF2TN[Z_P,'"FKW#QL?(R<IO
MQ<O.S]#1Q\W2U=;7V*74V=S=WM^%V^#CY.7F:>+GZNOLY^GM\/'RT._S]O?X
MN?7Y_/W^I/O^"1Q(\%'`@@@3*N1S<*'#AQ#1C8A(L:+%-0TO:MRX,"/'CR#[
M>0Q)LF2[D293_ZK\AG*ERY?16L)D(V```1$$!@C@<C/`E8E7"HC(8N`F`0-=
MJ'`X<0!!`BP3E9Y0@'0+@A$%OC!U6B6!"`5:%(AXJL6`6!$%%OQ4@87!`@1&
M$:BU0N(`E@.)I(JH2G?H4K9]%<J<F:8!B@%:#/NM`K3*@L95!I1`C`=PB@-D
M&0_5>X(``RTEM*+`7$4QWRH&1#38<G9RWQ17%N`U<6!NB<Q>\UH687>MS[^P
MZ?9&.)BP&<4H5E_)O1BXE<>0<R/@<#5`9JB[44Q_#1R%9A19L0@HL3-IBNT<
M;A[X7(4!7@);H)^P#9B#?!0[2\RU'[K[B>\!G`84%0T,P$`!!=2DW/]`Q1DW
M!@-8E9>`4&-=T=IO50B5U83]E2;"3N,%L"!V&(+6G'R^D9A%8PRD]B$6D@5`
M(65<0(9B%2&&QP&%Y65Q%F4'?O6=%[,IT*-L.`&'%WI"S?8;9"N.,)QS*E[1
MDY/P$=2@@V$H!A86,UJ1&H4E&H;8"*T%M1A:E948I9N000DEE6**0&,5/4$8
MP)0FPME<=2"*@-Z;5^CY9'-$"2D>`0T\A=6:,@Z(*(E"\34GE`P(4!T"`K#'
MX)Q<VG%6CU:$^"6$ZX'Z5U:0S=87G]S5V)R+@\HY*92Y?=D5FQ1>1VB=`0S*
M`5[K$=O%60FVV06/7HS@8J`!2NHFB5X-=^G_I`D<H"UI!6T9:K.3#KEC`&JI
MJ@!])3:F:GV776?KM->6Z*):T)WV)FV^WD=N%R%BM8"G_G6HJF\"5,K!F/T"
M:`)WDE$6;Q8W+?!8EEH._&T<ZP[U6'@6B^MQQMXI3$(!`+_[:XI6G/64GKKV
M:0+)69"I(Q=(EF!I<'0&[-,(`A@&EE@-)*RSND/I^=G#6$Q8!5?==GRQ&R`/
MNY['LJ8+Z;0B6Z("MSEW[76<`5"<9]5,^6HHP%V\Y>2^0U_M6QX\AZBG`$*S
MZU?#7X?[D+=/A_6B?<E"I\!5^SD--H:\*5LU%HKI:'*55N1&L;XD['>RAS)>
M'H:F27JM)MLZ`]>I_YTB9"JM>;\9C;1%?/?-.)OC!MA3C#CW^7E?,Z.LN.Z/
MZXZ:H%94=X*POE-MO!:SE>R7Q=!1G"+/Z8T`7]UZ>VSFZA6U[KH5AA:0``.T
M?ZC4[APH!NV(Q4/^^YZQMN]^S3VN70*L[A^<N/I6?<5>C+UU/!L!^ZE)5%XD
MO.E0#VON6YOF(J*][6%..[8#5XE"-)WJ^.HU(5L!C7J'01/HBH)@^MN]3G"G
MXV6A7R:HRO@H5P*P`$4^Z,J:;N1%"Z<1QX8.+(P*!N`KPR%*>'8BVW_:MB=/
M<5"&8?.48BS''Q&UB2EH\UP6PH>5#B[L.?)SEKCZ51YI91!13EH@1!J80_\.
MU.1*"&C`;'+GPVFI,6SV(M$739`3Y?D)7AZTU]B6T[D12L]`$?P"Y[YBN?$]
M1V;_:A_1#A4<*+D(CPAT"!G+N(4!3(V2F,08#C/)R4XV8I*>#*4HU0#*49KR
ME&`H)2I7R4H,MO*5L*S$)F-)RUH^T9:XS&485*G+7GZ+E[X,)F&`*<QBKH28
MQDPF29"IS&9NA)G.C"9%H"G-:G9DEM;,YC"QJ<UN'I.;W@SG,L$ISG(^DYSF
M3.<TT:G.=EZS>NZ,YT6H*<]Z<H.>]LQG-?!ISJ+LJ81F5`^-'C,7G>A3'^P\
M:!@>"3L<N698[L&30G'!3W$*!5IJ0DJ(&+,4^\3_<:*OJ&@ZQS,HH=`E2\5*
M3Q1!Z@J1EM,H7)#,7`BJ*9;:PJ7E)*D6)!-'G1#4IK#`J38+8*UI"86)$DTI
M4%N:T*5FX2J(>0R?Q()4CW8TDDX5A5"SB<(`:8:*)?(,1.F7U5%LE:M&*=R>
MKFC&[?RTK*@X*USG"I"F8M(]"+Q*;-AF4+K>$)ZO/$L6.%0BI3K/KY\"+"O]
M"2_!TJ6C"_@H8D5BUQR.9Z-@^LL54BK6R59,L:ADE&9-M-<%U-2SG\7J*@?P
M);V%RZ>@0RT_Y,I`MJY%"_!1JFQG6]GM#1$[68CL57=+6="R$E*!P8)8=4O<
M>]"6=8B+KGC<&MOFSN.Y_];-[B"PJ]WN^H&[W@WO'<`KWO+*@;SF36\;T"O-
M*1A2O:A3[5QI<('ZVO>^^,VO?NLK7S/0P+OLY>0*)#"!`ANXP`'`P'X7S.`&
M7Z"_>V`!8@,<*A88&`(7SG"!,;SA"03`P2`.,80-\5Y]4M@E)Z#`@5?,XA:[
MV,`?#K&,]SMB280LGB=>9PLX/`$>^UC#/0;RCSN\X0K$>,9(YF](6Y#-'/_5
M!"^.LI2G3.4`9"#)2:YQ*VXL3"?_XP5!)G*8QSQD,@OYS&*&P)&Q+.)E>#FQ
M6LYA#JA,YSI+><UL;G"<$?IF?/39'$%`LYG3+.@RESD">,XSC;/QVU/^F25&
ML/^SI"5M947KF1R/QG1OS^F$07O:T(46=*(M?=\]/Z/1<M[T&-T[@DF[^LZD
M7K0\;'NQ3$^#U2<(-:%W_6D-&SG6^34UI(UK$EL#`]<6?K6R#UQI8-M7V)J&
M=O94S5MDQX#7H,:VKD=M:6F7@];%IK8A]"HFO!CIA`)]#E])%0YKVV#9R^9V
MGKW-#F/?PM:$M0)R1&C&AQKV$.[>0;9[K6U"_]K9](Z'N*^[<$$$P+%_>8I.
MK6`PS.[,JH@(>*#A3>DK`SOA#&^X.FS-JN@&:DHF90Q*(]I9AFB\"`4GN,PQ
M+.\LCQ/D)Q&YPS&T;[W)U#'D.JT>7JX$CM>YYC/&>7'_:TOL3#3GC9;$&D^G
M*("WGI?H3*C`P+=>Z(-W&\5*CW;828S`L,6LNDF-J":QWFFCW]GCBA[[EYL^
M:YT'8C$7Y0#>+(1VJUX<:FR?@JYG+F2D@UCNB6T:W2^QF'USBW0=4NE8V1!X
M:[O]Q8:_-)?L[@Q[-R=&3/M+%DM%W:J.H?(:)WS,?9SY!2->,*_O/.>/C7JL
M7W[%`=#`O%VW>'#8&Q2UK_S@N8[@W?NV]_><_;V#S_P`W+[X6(X]TZ7_B]_?
MO?G87_W@6X]?ZD\[Y\A7!O;'+X+;Y][FGO0^196_9/*[G_@$Y_ZS1:G^F[*?
M%>[//PG<+O\'CS+\XG=_<:5__P18?JHW:/)7?QH!@+?&@+Y0@!#8:O&F>VV&
M2@X8#-9'!Q&X@2,`?S_&?0KX$1?X@`*H51QX@L[W:JT7@B`Q@GS&@IV`@C*8
M@@=(<X='2S!H@BX85#,X@ZYV?IH72SGH"1FX7CUXA,[G@88WA"W(A,10@DZ'
MA%)(:4%82TZ("45(2E*XA32X=35WA2VX3U`X"5Q8A@8X910@;V`8AC$QAC9F
MAF8H<PDF:[JTAI"0A?X%AWHX9=QFAVPH>SNH#7HXB`,W:G[XAP$8B&8UB(Q(
M@RTF`8EVB(B(#'AX>HW8B+L6`!O0?<8DB62GB)]PB:+HB,S&B<7DB>T&BC$X
MBJ,X9/]KAHHBF(BP^%VLR(HK!HGSUXFR:`RUV(L=-H?^IXO)4(FIU(N^"'VS
MR!')^`?$*$'&6(M!]F'+N(##Z(:+\(S8.`&0.(WS5(VJN`G8&([?6$;<&&'6
M"'SB^(S-5(Y#=XX`EXZU:`'C*&>4Z(Z?"(\:9P'ZN(_\V(_^^(\`V8_S2([U
M.)",AX\R$)`*N9`,V9`.R9`&29`-R(X:B(0/>9$8F9$:N9$7&9'D2)%VT(SQ
MQ00<69(F>9(HF9(;Z9&4Q)*4())"%``J.9,T69,V>9,H"9)-6)`ZJ4DX^9-`
M&91"29,NV9(/T).R5)0&(9-#V91.^910*8](^1$/<)0\.0S_(Q"56KF57,F1
M2HE)`5"54[EV8VF$#L"479F6:KF67YE)86F5$XF5`7"6:UF7=OF4;>F650F7
MO&B/[>8`='F7@CF8,YF7>KF79<D,?JD*<PF8:$F8D!F9#FF8AXF85RD,(@"8
MCBF9G-F9_IB8R[27EAF7F-F8FOF8GIF:@DF9E2F:H&F$K$EVFGF:JEF;=1F;
M8"F:KGF9&&B:LRD"MAF<48F;+?F6NBF6O$E[L[F<J"F<SFF3Q&F4Q[F;I-F;
MR\F<SYF=1/F:Q3:=U-F7T;ESUXF=VEF>7LF=W>F=HPF>Z'D&F3F>OVF>\OF0
MX0F6QJF>?"F7]9EQ\,F<S3F?`*J/_^TY3OBIFP.*!C!9&?UYG<`9H`&ZG^18
MH,=YH.ZYF-OEFPM*FPYJGA"::A(ZH<E9?1B:H8[YGQN:FAWJ0"+PH=-)H7F8
MHBY'HO#9H">*HBZJC/?)HM^IGS>Z2R,JHZ=IHC5JES#*>SFJHSM:FD7:CD"Z
MH#0ZI$3:HPMXI$B:I+VYI./UHTWZFT\*I5N)I;5&I55JI;0'IG7PGEN:H5WJ
MI4XII=`EIF-*IB)JIA69ID"ZIFSZDW1J'"L:IQ_JICZZIU=GITV:E7F*DX(Z
M$WWJIW\:HB1(J&F*IX=:DHGZ$B/`J$@*J,58J8H)J79JJ)-ZGO6TJ)BJHYHJ
M&IP*>)X*J?^@&JJ3>:KO5*IQ"JOQ)9>KNJHEX*H!F:HW1ZJR6J6T2C:V>JO$
M>I:2FJ>\VH1P^JN9ZJB[@*;%2JRMBJSI=*G,RJS!>DNE&:W<6J)""J#).J7+
M>JVSZJRZ`*W=&JW3.I_A^J;D^J[(69W*F:[T:JPD4)[MNC<E`*_\FI]*FJUK
M4:\"RZ7?&IGY"GN^VJ_\"K#W,JP#^[#V:J/59*T*6['KR:,."[$0:P*#>;`"
M80(6&[)R2H(>FX<:>[(,NJ[#R;!B)[(N"Z+R*J(H.[,I>Z]X&4P@^[(Z:Z#F
MBE`T^[,SJK+;68<4N[-&R[,Q^ZA`N[3C>0(J6;(CE[-'.[4PRY[_&<NT6-NT
M'(N14#L.4DNU8.N=+/LV5YNU9MN?*`"078L-*!"V;MNH2?NL6GJV=.NDJ)9J
M^_JV>MNL<7NN<UNW@*NF=VNI)["WANNG8^M*VQJXC%NH+5H?JY8"ASNYLIJX
M`%*VC9NY##JF7.9<A4NYH`NOEML=F*NYIGN6V%IBTK`"H=NZ%CNZ"6HBISN[
MO^FR+Q`+,."ZNFNTL&NAXDF[M#NNO'N"NUN\D]N[:RL&Z`J\F2N\QON\T!N]
M4XN\8[N\S,NXSBN]VKN]W'NMU%NZUUNWV=N]Y%N^YHN?W[NXX=N\Y]N^[ON^
M8MNSZ[>^FCN^\'N_^.NZZ6N=]-NX]IN__P`<P&^[O_/:OX'[OP*<P`ILN]Y8
MO7]KP$N+P`L\P11,KJ-+NE@)P0=<P1S<P2)[P;$+&AH,N!+LP29\PO';P+PX
MPN*+PB[\PIR[BRO,PF9;PC!\PQ1\P9<[#32<M3:,PT`LP#J,P3/<PQ$<Q$B,
MPT,<PGA@Q$S[PTD<Q><[Q$1<Q$X\LU`LQ5J\O9&T,*@F`.D&=`7%;I'`Q#5R
MQ32;Q5N\QL8;25VU,P_E4"1`&?^&A;X+<&B,LFK,QGP<NECU&))U,'Q2<<L#
M68'L"&9L'GF\L7W<R.ZK6I*A'O8"(?:2<DNQ<G;1<B]YQ]>XR`.[QXX<RE2K
M6&2R%U<@&5WP<__\85K$\X;)BQ&>7*^@+,JT_+(01E0[,3&;U<J1X54P4G5]
MA\B<S`@/',N?6LO(O+NFMAA6%T)5E5MJ1X;#3,S&S*VSG,S8_*XC=A.Y;'9+
M$P!DS`%4I07"]7?2_,IF6<VW>LW9W,Z8VG0,!<Y6<!/8`596\AG,5<;3C,CJ
MC*ON_,^CO&<&\!ZD@BB\P5:GU<SZC,Z=VL_'#-`0;<O#1L7@XM!;RLX1G=&N
M2=&;RM'-8M%WJM$B;<$>W=&^5\P6C=$C[<X,G:4M7:<@/:,K/=.<6]*6^-)G
MBM+&K-(T+<HXW8X_G=,ZG<<\W=-]'-1`;=-E8+W57-1&K<7[O(A(S:3_*?W4
M3SW5?9#(6>K03FW52JS4E!?5@CC4$-S57HW"8CV`6,V,3$W#9GW6';S6.R?7
M&4?6S/O6<+W`:<U4=#W7=FVZ>)W7^!MY<(:P(QS8@MV^>[U\/TUN74$AZ,,]
M>*%N8PQX;7VZB)W8W;O8+X@+^=85:Q/9XKP8=;QVX9O9FAV]G"VW+_UPBX$W
MXY$[!],3C^43PB74P(O:J:W,?;W)+UUR\XQ5ET7:++=25S<"];O;+DS8G`:K
M:W(`DG$`D2U:S!QTO.S2V*O<<;W:*HQ05C0BK*495*?0+G?96*S=$\S=@.C<
M&((7&&5%;@+-9)75)7#$Z#W8S`UV/[T85[$3_[GQ-C:"%.:,CFE\WX^LWFR+
MX!)1*B6@',V!*,L5S9]DWNIJX.2KU8S-WE<@`&)Q`#=S6Z0GQN=,`O2JVQ;.
MJ.!V?+WMM_7MSR<.NH-KGRO^K\CMN"_NMC%.?PKN9S7NI#<>T&#]K[F$`K7[
MXZ^;X["$X2>=MT9>N2F.LSNN8TS>Y!.*Y,FDY/;@`EY]N^J$Y0G!`K2LN@?E
MY>(*Y@H,`ZA%YC!Q`\-;`_"EYJ&D!/"EA3,^YQ,6Y7:>YRZCYWQN"G#>YT[U
MYX`.5((^Z"Q5Z(8^48B>Z&..YXS^YH[^Z.FUZ)(^JI%>Z>)%Z9CN3IJ^Z5U^
MZ9ZN79T>ZN4TZJ0>3O^F?NK=E.JJWF2@WNJRQ>JPWEZO/NN3)>NVOHZUGNMT
MA>N\WHF[_NMEY>O"#N5U7NS>1.S(3K3'ONRNWNS./K'!'NT@I>S4CH/3?NV-
M#NW:KDS6WNVM].W@ODKB/NZ.ENWFCF/HGN[M5.[L'N?K_N[FY.[R+F#Q7N^H
M?N_XONKZON_/'N3^3N[]'O"TSNT$G^0#?_"Z;O`*?UP)W_#`SO`0?^X2/_'_
M]_`6[TOTGO&;A_$*@Q%K`A4<)=072&^(\UT_@1&[U"P=Q?)^GO*US=;5`R<C
M'W(`FR[H\%@MOR(A"?,(NO,_?WTZG_.IY/):<0HG?_+,Z/,KG^7Q/D0X_S'_
MA1SU(E_(+4].OT7UB\11\++S%[<9X@(W4W\X%=H??Q==C(0U`Z)(8Q\KYGPI
MHT4E:/\D5X]<C%0_RLM6=$_W5T7V+YH7H#%:>P_'=U]O3R_R`5/S;Q_W-0_B
M9^_U_B605J3XD!\N;W_VBY_T,3_R2L\+5_3XE3_TE,_WP\7U>Q_SI.\G7+_Y
ME9_Z=1_ZC:^\N*?SH+_XD+_4ILCX@O_Z?-_Y[G#X,!_UH3'\/%_\I4_XO8>:
MOI_VR#_@0]_[M0TWK&_[59SW9K_ZL`_TETOZHS_]QU\CT;_V7DRV2:\;",IZ
MWG_ZG-\0>*;ZW7_UB@_PUB^E-`_TW*_]76_\CR]M_\HO^O=?_R#`B6)0EB2*
M!F/*K:LZPK#+VC=KZNG;]NJ)]J/Y:K'8#%<D`FU"F;'&A"JKI`D6^]P>C5,K
M+G`9C[_)XYGY!;/;[C<\+G>:YO8[/N=L>:'<VU/4D.!<@,7A82"/'^.>7MJ/
M5*/DHLL:F$Z=X!EE%,]@5Z0HI2))DN)H8)`I8>E;`!:$EAYM)^>EE1C9!:?7
M:>5MGO`P<;'IB7&RL=HQ\K$,\IIFZR=N+F(B]+2E4#3@7K=OL#=J)%RF-Q5W
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B[^[]._CPXL>3+V_^//KTZM>S;^_^/?SX\N?3KV^??`@`.S\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
